BRASILIA, July 27 (Reuters) – Brazil and South Korea agreed to accelerate talks on a potential trade deal between the Asian nation and the South American bloc Mercosur, their presidents said on Monday during a ceremony in Brasilia. Brazil has been seeking to expand deals — alone or through Mercosur,
By Jonathan Stempel NEW YORK, July 27 (Reuters) – The former JPMorgan Chase banker whose lurid sexual harassment lawsuit went viral added new claims and defendants on Monday, saying the largest U.S. bank’s acceptance of racism and sexual coercion irreparably destroyed his career. Chirayu Rana said r
July 27 (Reuters) – Banca Monte dei Paschi di Siena and Banco BPM advisers are exploring a merger that would mix cash and shares as a possible alternative to Intesa Sanpaolo’s offer for Monte Paschi, Bloomberg News reported on Monday. The advisers are working on a structure that would leave sharehol
By Doyinsola Oladipo NEW YORK, July 27 (Reuters) – JetBlue Airways said on Monday it is overhauling its fare options, giving customers more flexibility to choose seats, as well as change and refundability options, as airlines rely increasingly on segmented pricing to boost revenue and offset higher
By Vallari Srivastava and Sumit Saha July 27 (Reuters) – Baker Hughes said on Monday it expects annual global spending by oil and gas producers to decline modestly this year, with growth in Latin America, offshore Africa, and North America land offset by lower spending in Europe and the Middle East.
Cracker Barrel’s CEO is stepping down nearly a year after an attempted rebrand of the chain led to a fierce customer backlash. Cracker Barrel said Monday that CEO Julie Masino will step down next month but remain with the company until Oct. 9 in an advisory capacity. David Deno will succeed Masino o
WASHINGTON, July 27 (Reuters) – OpenAI CEO Sam Altman will meet with Democratic Senator Mark Warner in Washington this week, Warner’s spokesperson said, in the wake of OpenAI’s disclosure that one of its AI systems had gone rogue during testing. Warner is the top Democrat on the Senate Intelligence
By Dominique Patton PARIS, July 27 (Reuters) – Sales at luxury giant LVMH edged higher in the second quarter as strong demand from affluent U.S. shoppers helped offset weaker spending in Europe, where tourism has been hit by the Iran war. Sales at the owner of Louis Vuitton, Dior and Moet & Chandon
By Sumit Saha July 27 (Reuters) – Expand Energy said on Monday it would buy privately held natural gas marketer Twin Eagle Holdings from Five Point Infrastructure for $1.25 billion to expand its marketing business across North America. With U.S. natural gas demand expected to grow, producers are inc
July 27 (Reuters) – Apollo Global Management will invest $1.5 billion in Singapore-based Keppel’s new private fund that will hold six operational oil rigs, the two companies said on Monday. The deal will help Keppel monetise its non-core assets and unlock capital for re-investment, while allowing Ap
(SRN NEWS) – President Donald Trump returns to Michigan today with a message that helped power his political comeback: putting American manufacturing first. The president is visiting General Motors’ Milford Proving Ground in suburban Detroit, where he is expected to highlight what the White House sa
July 27 (Reuters) – Wall Street’s main indexes opened higher on Monday after the United States and Iran paused hostilities, boosting risk appetite ahead of a week of major earnings, economic data and an interest rate decision. The Dow Jones Industrial Average rose 226.2 points, or 0.44%, at the open
By Dominique Patton PARIS, July 27 (Reuters) – Bernard Arnault, the billionaire chairman of French luxury group LVMH, has dismissed media reports of a bitter succession battle among his five children, insisting in rare public comments about his family that it remains united. Investors have long soug
WASHINGTON, July 27 (Reuters) – New orders for key U.S.-manufactured capital goods increased strongly in June while shipments surged, pointing to a fairly solid pace of economic growth in the second quarter. Non-defense capital goods orders excluding aircraft, a closely watched proxy for business sp
By Rachel More and Ilona Wissenbach BERLIN, July 27 (Reuters) – German luxury carmaker Porsche will cut around one in five jobs by 2035, with 9,000 positions to be axed in total, as parent Volkswagen and its brands restructure in the face of weak demand and stiff competition. In a deal announced on
MILFORD, Mich. (AP) — President Donald Trump is touting his handling of the economy during a visit to suburban Detroit on Monday, defending sweeping tariffs in a swing state where their effects have hurt many businesses as midterm election season heats up. Trump is visiting a General Motors facility
OSLO, July 27 (Reuters) – Saab has received an order for two GlobalEye surveillance aircraft from a country in the Middle East region worth 10.1 billion Swedish crowns ($1.04 billion), with deliveries in 2030, the Swedish company said on Monday. GlobalEye aircraft have active and passive sensors tha
By Philip Blenkinsop BRUSSELS, July 27 (Reuters) – A majority of U.S. companies operating in Europe now expect stable transatlantic trade and investment relations, a marked improvement from their views in 2025, according to a survey published on Monday. The American Chamber of Commerce to the Europe
BUENOS AIRES, July 27 (Reuters) – The International Monetary Fund’s managing director arrives in Argentina on Monday as investor confidence in President Javier Milei’s reforms grows, despite worries about a debt repayment crunch that could coincide with his reelection bid. Argentina’s exports are ri
By Mike Dolan July 27 (Reuters) – What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets A pause in the Iran conflict and a sizeable retreat in crude oil prices away from $100 per barrel offer some relief at the start of what’s set to be another turbulent w
By Yantoultra Ngui and Selena Li SINGAPORE/HONG KONG, July 27 (Reuters) – Investors are expected to scrutinise whether Shein can justify the $40 billion to $50 billion valuation it is seeking in a Hong Kong initial public offering after a prospectus filed on Sunday showed slowing growth and a sharp
By Kane Wu, Helen Reid and Julie Zhu HONG KONG/LONDON, July 27 (Reuters) – Shein’s draft prospectus for a Hong Kong listing, published on Sunday, offers rare details about the role of its reclusive founder and CEO, Sky Xu. According to the prospectus, Xu, 42, has served as chairman, executive direct
By Niket Nishant, Ashitha Shivaprasad and Manya Saini July 27 (Reuters) – For insurers, the periodic El Niño climate phenomenon has traditionally lowered the risk of costly Atlantic hurricanes, but decades of population growth along coastal areas and rising property values are forcing them to rethin
July 27 (Reuters) – Wall Street’s main stock index futures rose on Monday as the United States and Iran announced a pause in hostilities over the weekend, sending oil prices sharply lower. A wide swathe of stocks sensitive to energy prices rose in premarket trading. Airlines including Delta and Amer
HONG KONG, July 27 (Reuters) – Online fast-fashion retailer Shein swung to a $99 million quarterly loss due to slowing sales after the U.S. removed an import duty exemption on small packages and a hefty one-time accounting charge. The loss and other financial details were revealed for the first time
HANOI, Vietnam (AP) — Across seven countries, seven people woke up to days that no longer looked the way they once did. The war in Iran began months ago and thousands of miles away. But its effects quickly ricocheted across the world — oil markets first, sending fuel prices higher. Then the shock mo
BANGKOK (AP) — World shares were mostly higher Monday and oil prices slipped nearly 7% as the U.S. and Iran refrained from fighting while discussing a possible resumption of negotiations on an interim ceasefire deal. Shares in Chinese memory chipmaker CXMT soared 466% as they began trading on Shangh
HONG KONG (AP) — Shares of CXMT, China’s largest memory chipmaker, shot skyward Monday as they began trading in Shanghai in mainland China’s biggest initial public stock offering in recent years. CXMT’s shares surged 466% in their first day of trading. The company has become the most valuable one li
By Dominique Patton and Lisa Jucca PARIS, July 27 (Reuters) – As luxury groups grapple with weak fashion sales and a hit to spending from the Middle East conflict, investors are increasingly focused on one question: who sells enough jewels? The answer may help determine the $400 billion industry’s n
DETROIT (AP) — Traffic is set to start flowing Monday across a new bridge over the Detroit River that will serve as a critical route for trade, jobs and tourism between Canada and the U.S. Last week, Canada celebrated the Gordie Howe International Bridge with a ribbon-cutting ceremony in Windsor, On
