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Argentina markets extend stellar rebound ahead of expected Trump-Milei meeting

By Karin Strohecker LONDON (Reuters) -Argentina’s international bonds jumped and stocks climbed on Tuesday ahead of an expected meeting between U.S. President Donald Trump and Argentine leader Javier Milei, extending the previous session’s sharp gains.  The country’s dollar bonds, stock market and peso currency all strengthened ...
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Brazil’s WEG to invest $77 million to boost US plant capacity due to AI demand

By Fabio Teixeira (Reuters) -Brazilian motor maker WEG will invest $77 million in a U.S. specialty transformer manufacturing facility, it said on Tuesday, seeking to increase the plant’s production capacity by 50% as artificial intelligence fuels demand in the country. The investment in the Washington, Missouri, ...
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Some PepsiCo investors cautious of Elliott’s plan to spin out bottling

By Jessica DiNapoli and Svea Herbst-Bayliss NEW YORK (Reuters) -Some investors in PepsiCo support suggestions by activist shareholder Elliott Investment Management that the global food and beverage company cut costs and ditch sleepy brands like Quaker, but sound more cautious about the hedge fund’s boldest ...
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Chicago Fed releases interim unemployment estimate, with September at 4.3%

By Howard Schneider WASHINGTON (Reuters) -The Chicago Federal Reserve said on Tuesday it had combined government and private data into a new estimate of the unemployment rate that would give policymakers faster-moving, twice monthly updates of a statistic central to the central bank’s current interest ...
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Amazon.com to close all of its Amazon Fresh UK stores

LONDON (Reuters) -Amazon.com said it planned to close all of its 19 Amazon Fresh UK convenience grocery stores, of which five would be converted to its Whole Foods Markets brand, less than five years after it entered the market. Amazon Fresh pioneered “walk out” ...
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Brazil’s central bank signals ‘new stage’ of steady interest rates

SAO PAULO (Reuters) -Brazil’s central bank said on Tuesday that it has entered a “new stage” in which policymakers opt to keep interest rates unchanged while evaluating whether the current level is enough to ensure inflation converges to its 3% target. In the minutes from ...
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Europe’s plug-in hybrid boom helps Chinese carmakers outsell Renault, Audi in August, report shows

(Reuters) -Chinese automakers sold more cars in Europe than the Renault and Audi brands in August, helped by booming plug-in hybrid sales, with models from BYD, Jaecoo and MG in the category’s top-ten sellers, data from JATO Dynamics showed on Tuesday. Tesla’s Model Y ...
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Fed’s Bowman: Fed needs to be decisive in fending off job market risks

By Howard Schneider WASHINGTON (Reuters) -The Federal Reserve may be late in supporting the labor market and could need to speed the pace of rate cuts if demand conditions weaken and businesses begin to lay off workers, Fed Vice Chair for Supervision Michelle Bowman said ...
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Wall Street futures hold steady after tech-fueled rally; Powell in focus

By Niket Nishant and Purvi Agarwal (Reuters) -U.S. stock index futures were largely unchanged on Tuesday after a tech-driven rally drove Wall Street to record closing highs for the third straight session, while investors awaited Federal Reserve Chair Jerome Powell’s remarks on the economy. Powell’s ...
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Boeing offers remedies in bid for EU approval for Spirit deal

BRUSSELS (Reuters) -Boeing has offered remedies in a bid to secure EU approval to buy back Spirit AeroSystems, the world’s largest standalone aerostructures company, according to an update on the European Commission website. Boeing announced the $4.7 billion acquisition in July last year that would ...
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Disney says Kimmel will return to the air Tuesday, six days after suspension

By Dawn Chmielewski, David Shepardson and Steve Gorman LOS ANGELES (Reuters) -Disney said “Jimmy Kimmel Live” will return to its ABC network lineup on Tuesday, six days after it suspended the talk-show host following threats by the Federal Communications Commission chairman over comments the host ...
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Europe to succumb to slowdown driven by tariffs, French turmoil, reports show

(Refiles to add “WRAPUP 1” to headline, no changes to text) FRANKFURT (Reuters) -Euro zone economic growth continues to hold up as Germany’s budget largesse props up sentiment and offsets turmoil in France, but more weakness may be ahead as U.S. tariffs start to ...
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