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Rio Tinto and partners to invest $733 million in Pilbara iron ore project

(Reuters) -Rio Tinto said on Tuesday it will invest $733 million, alongside joint venture partners Mitsui Iron Ore and Nippon Steel, to develop new iron ore deposits at the West Angelas hub in Western Australia’s Pilbara region. Rio Tinto, which holds a $389 million share ...
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US FCC to vote to tighten restrictions on Chinese equipment

WASHINGTON (Reuters) -The Federal Communications Commission will vote this month to tighten restrictions on equipment made by Chinese companies deemed national security risks, the latest in a series of U.S. actions targeting Beijing. The U.S. telecom regulator previously named companies including Huawei Technologies, ZTE, Hangzhou ...
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Fed’s Schmid says rates are ‘appropriately calibrated’

(Reuters) -Kansas City Federal Reserve Bank President Jeff Schmid on Monday signaled he is disinclined to cut interest rates further, arguing that as the Fed navigates between the twin risks of overly tight and overly easy policy, it should stay focused on the danger ...
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Trading Day: Another whoosh in the ‘everything rally’

By Jamie McGeever ORLANDO, Florida (Reuters) -TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist  Politics and AI powered huge moves across world markets on Monday, namely the collapse of the French government and surprise emergence of a likely new leader in ...
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Constellation Brands’ quarterly sales dip less than expected on steady beer demand

(Reuters) -Constellation Brands posted a smaller-than-expected drop in second-quarter sales on Monday, aided by steady demand for beer, even as the company’s key Hispanic consumers reel from the Trump administration’s immigration policies. Spirit makers in the U.S., such as Constellation, Molson Coors and Brown-Forman, have ...
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Associated Press disputes Trump’s false characterization of its legal fight over access

The Associated Press is objecting to Donald Trump’s false claims about its ongoing legal dispute over access after the president incorrectly characterized the case in a public forum — a situation that goes back to the news service’s decision last winter not to follow ...
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Embraer formalizes military cargo aircraft sale to Sweden, latest in NATO push

By Gabriel Araujo SAO PAULO (Reuters) -Brazilian planemaker Embraer tied up a deal on Monday to sell four military cargo planes to Sweden to replace the European nation’s aging aircraft, the latest under a joint procurement program with other countries in the region. Sweden will purchase ...
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Argentina markets on tenterhooks ahead of news of US support

By Walter Bianchi BUENOS AIRES (Reuters) -Argentina’s peso weakened marginally on Monday while stocks edged up and bond prices rose in anticipation of news of financial aid from the U.S. Treasury and as political tensions in Argentina escalate before the country’s midterm elections later this ...
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Citigroup still prefers IPO plan for Banamex despite new offer by Grupo Mexico

By Tatiana Bautzer NEW YORK (Reuters) -Citigroup still plans to pursue an IPO for its Mexican retail unit even after receiving a new offer by mining and transportation conglomerate Grupo Mexico, Citi said in a statement on Monday. The competing bid comes after Citi announced last month ...
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Government shutdown halts data, stokes risk as economy wobbles, experts say

(WASHINGTON) -- The government shutdown halted the release of key economic data, choking off the flow of information as some experts warn the economy may be slipping toward a recession, some economists told ABC News.A federal agency postponed the release of a monthly jobs ...
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Trump says 25% tariff for medium and heavy duty trucks to start Nov. 1

WASHINGTON (Reuters) -All medium and heavy duty trucks imported into the United States will face a 25% tariff rate staring November 1, President Donald Trump said in a post on his social media platform on Monday. Trump last month had said heavy truck ...
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Company bids less than a penny per ton in biggest US coal sale in over a decade

BILLINGS, Mont. (AP) — A Navajo tribe-owned company bid $186,000 to lease 167 million tons of coal on federal lands in southeastern Montana on Monday in the biggest U.S. coal sale in more than a decade. The offer from the Navajo Transitional Energy Co. (NTEC) ...
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