Pump Prices Set to Rise as Trump Tariffs Hit Canadian, Mexican Oil
The U.S. imports some 4 million barrels per day of Canadian oil, 70% of which is processed by refiners in the Midwest. It also imports over 450,000 bpd of Mexican oil, mainly for refiners concentrated ...
French PM Urges ECB to Cut Rates to Boost Growth
The ECB cut interest rates by 25 basis points on Thursday, the fifth time since June, lowering the rate that the central bank pays on deposits to 2.75% from 3.0%.
Trump Orders Steep Tariffs on Goods From Mexico, Canada, China
NEW YORK (Reuters) - U.S. President Donald Trump on Saturday ordered 25% tariffs on Canadian and Mexican imports and 10% on goods from China starting on Tuesday to address a national emergency over ...
US Will Allow Mexican Beef Imports to Resume, Says Mexican Minister
MEXICO CITY (Reuters) -The United States will permit Mexican beef imports to resume after signing memorandums to lift a ...
Billionaire Ackman to Reincorporate Management Company in Nevada
(Reuters) - Bill Ackman, the owner of investment firm Pershing Square, said on Saturday that he is reincorporating his ...
EU to Make Temu, Shein and Amazon Liable for 'Unsafe' Goods, FT Reports
(Reuters) - The European Union is planning to make e-commerce platforms such as Temu, Shein and Amazon Marketplace liable for dangerous or illegal products sold online, the Financial Times reported on ...
India's Defence Budget Heavily Weighted to Manpower Costs
NEW DELHI (Reuters) - India on Saturday proposed defence spending of 6.81 trillion rupees ($78.70 billion) for the 2025-26 fiscal year, up 9.5% from the previous year's initial estimates, with most ...
Corporate Winners and Losers From India's Budget
The fast-moving consumer goods index climbed 3% and logged its best day in eight months. The Indian government said people earning up to 1.28 million rupees ($14,791.53) per year will not have to pay ...
Costco, Teamsters Negotiating Committee Reach Tentative Agreement
(Reuters) - The Teamsters labor union said on Saturday that its negotiating committee has reached a tentative agreement for a new contract with U.S. retailer Costco Wholesale.
India's Tax Relief May Not Be Enough to Boost Economic Growth, Moody's Says
India, on Saturday, said that people earning up to 1.28 million rupees ($14,800) per year will not have to pay any taxes, raising its threshold from 700,000 rupees. It also cut tax rates for people ...
India Targets Fiscal Deficit at 4.4% for 2025-26, Sets Path to Bring Down Debt
MUMBAI (Reuters) - The Indian government will target a narrower fiscal deficit of 4.4% of gross domestic product for fiscal ...
INDIA BUDGET-India's Tax Cut Plans Will Boost Consumption, Top Execs Say
This comes after the government said that people earning up to 1.28 million rupees ($14,800) per year will not have to pay ...