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Global shippers await word on US plan to hit China-linked vessels with port fees

By Lisa Baertlein, Andrea Shalal and Jonathan Saul LOS ANGELES (Reuters) -The U.S. Trade office will this week announce its plan for levying port fees on China-linked ships as part of President Donald Trump’s effort to revive domestic shipbuilding and counter China’s dominance on the ...
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US drillers add oil and gas rigs for first time in four weeks, Baker Hughes says

By Scott DiSavino (Reuters) – U.S. energy firms this week added oil and natural gas rigs for the first time in four weeks, energy services firm Baker Hughes said in its closely followed report on Thursday. The oil and gas rig count, ...
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French luxury conglomerate LVMH’s CEO calls for calming trade tensions with the US

PARIS (AP) — Bernard Arnault, chairman and CEO of French luxury conglomerate LVMH, called on Thursday for a free trade zone between the European Union and the United States and said that unresolved trade tensions could seriously hurt European industries. His remarks, in the wake ...
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Google’s digital ad network declared an illegal monopoly, joining its search engine in penalty box

SAN FRANCISCO (AP) — Google has been branded an abusive monopolist by a federal judge for the second time in less than a year, this time for illegally exploiting some of its online marketing technology to boost the profits fueling an internet empire currently ...
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Analysis-Markets see door wide open for more ECB rate cuts on tariff hit

By Yoruk Bahceli and Dhara Ranasinghe LONDON (Reuters) – Traders saw the all-clear on Thursday from the European Central Bank to bet on even steeper interest rate cuts ahead, confident the central bank will ease policy further if trade tensions dent ...
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Brazil’s Petrobras cuts diesel prices to distributors

SAO PAULO (Reuters) – Brazilian state-run oil company Petrobras will reduce the price of diesel sold to distributors by an average 0.12 real ($0.0205) per liter starting on Friday, it said in a statement on Thursday. The reduction comes with crude ...
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BlackRock wins renewed permission to own big utility stakes

(Reuters) – U.S. federal energy regulators on Thursday gave BlackRock renewed permission to own major stakes of public utility companies, a win for the world’s top asset manager over concerns that it wields too much influence. The decision by the Federal ...
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US oilfield services firms brace for earnings as tariffs cloud outlook

By Vallari Srivastava (Reuters) – Results next week will likely provide a peek into how the world’s top three oilfield services companies are navigating the uncertainty fueled by the on-again, off-again U.S. tariffs, as well as a recent slide ...
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US airlines struggle to forecast their business in worsening economic fog

By Rajesh Kumar Singh CHICAGO (Reuters) – President Donald Trump’s trade war has created the biggest uncertainty for U.S. airlines since the COVID pandemic. With little clarity on how consumers will behave in the face of a potentially worsening economy, carriers ...
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Canadians bought record amount of US shares in February

OTTAWA (Reuters) – Although tensions between Canada and the United States are high, Canadians bought a record amount of American shares in February, as U.S. stock markets hit an all-time high, official data indicated on Thursday. Statistics Canada said Canadians snapped ...
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Average US rate on a 30-year mortgage climbs to 6.83%, highest level since late February

The average rate on a 30-year mortgage in the U.S. climbed to its highest level in eight weeks, a setback for home shoppers in the midst of the spring homebuying season. The rate rose to 6.83% from 6.62% last week, mortgage buyer Freddie Mac said ...
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429,000 portable chargers are under recall after some consumers report fires, minor burn injuries

NEW YORK (AP) — About 429,000 portable power banks are under recall because they can overheat and potentially catch fire while charging phones, posing a burn hazard to consumers. According to a Thursday notice published by the U.S. Consumer Product Safety Commission, Brooklyn, New York-based ...
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