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HSBC taps insider Henderson for interim US CEO as McGeough leaves

(Reuters) -HSBC’s U.S. CEO Lisa McGeough stepped down months after taking the job and the bank tapped longtime executive Jason Henderson as interim head while it looks for a successor. McGeough, who joined HSBC in 2021, is leaving to “pursue new opportunities”, the lender disclosed ...
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What does the closure of the de minimis loophole mean for shoppers?

(WASHINGTON) -- A tariff loophole for low-cost shipments helped fuel an explosion of U.S. consumers purchasing shoes, sunglasses and a host of other items directly from sellers overseas. The Trump administration closed that exemption on Friday, bringing the era of duty-free online buying to ...
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More companies pull thousands of packages of shrimp for potential radioactive contamination

More companies are recalling tens of thousands of packages of imported shrimp sold at Walmart, Kroger and other U.S. stores because they may contain radioactive contamination, according to federal notices. AquaStar USA Corp. of Seattle is recalling more than 26,000 packages of refrigerated cocktail ...
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US oil production hit record high in June, EIA says

HOUSTON (Reuters) -U.S. crude oil production hit a record high in June, the Energy Information Administration said on Friday, rising 133,000 barrels per day to 13.58 million bpd. Product supplied of crude and petroleum products in the U.S., a proxy for demand, rose 684,000 ...
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Chiquita to return to Panama with $30 million investment and 5,000 jobs

PANAMA CITY (Reuters) -Banana giant Chiquita has agreed to restart operations in Panama after mass layoffs earlier this year, Panama’s government and the company said on Friday. Chiquita plans to invest $30 million to launch production again in the western ...
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Panama signs agreement with banana giant Chiquita Brands to resume operations after strike

PANAMA CITY (AP) — Panama President José Raúl Mulino signed an agreement Friday with Chiquita Brands to resume work in Panama, months after the banana giant fired thousands of striking workers and suspended operations. Chiquita banana workers in the Western Panama province of Bocas del ...
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BYD’s quarterly profit falls for first time in 3-1/2 years as price wars bite

BEIJING (Reuters) -Chinese electric vehicle maker BYD’s quarterly profit fell for the first time in more than three years, as its expansion hit a speed bump amid a government campaign against price wars. Net profit at the world’s biggest EV producer totalled 6.4 billion ...
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US equity funds draw only subdued inflows on Fed independence risk

(Reuters) -U.S. equity funds drew only marginal inflows in the week through August 27 as risks to the Federal Reserve’s independence kept investor demand in check after President Donald Trump attempted to fire a central bank governor. Investors bought a net $571 million worth of ...
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Wood Group conditionally accepts Sidara’s takeover bid after a year-long pursuit

(Reuters) -Wood Group has conditionally agreed to a takeover bid from Dubai-based Sidara, the companies said on Friday, ending a pursuit that spanned more than a year and involved multiple offers and rejections. The 30-pence-per-share offer, which would value the British oilfield services company at ...
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Key US inflation gauge holds mostly steady though core inflation ticks higher

WASHINGTON (AP) — The Federal Reserve’s preferred inflation gauge mostly held steady last month despite President Donald Trump’s broad-based tariffs, but a measure of underlying inflation increased. Prices rose 2.6% in July compared with a year ago, the Commerce Department said Friday, the same annual ...
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Key US inflation gauge holds mostly steady though core inflation ticks higher

WASHINGTON (AP) — The Federal Reserve’s preferred inflation gauge mostly held steady last month despite President Donald Trump’s broad-based tariffs, but a measure of underlying inflation increased. Prices rose 2.6% in July compared with a year ago, the Commerce Department said Friday, the same ...
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Global equity fund inflows ease on worries over Fed independence

(Reuters) -Global equity funds witnessed a dip in demand in the week through August 27 on concerns around the Federal Reserve’s independence as President Donald Trump attempted to fire a Federal Reserve governor. According to LSEG Lipper data, global equity funds received just $2.96 billion ...
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