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Trump says Australia has agreed to accept American beef

By Kanishka Singh WASHINGTON (Reuters) -Australia has agreed to open its market to U.S. beef, President Donald Trump said on Thursday, after the U.S. ally eased restrictions on imports that had angered the American leader. The Trump administration hailed the deal, announced by Australia earlier on ...
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EV battery firm LG Energy sees demand slowdown after Q2 profit jump

SEOUL (Reuters) -South Korean battery firm LG Energy Solution on Friday warned of a slowdown in demand due to U.S. tariffs and policy uncertainties after it posted a quarterly profit jump. LGES, which supplies Tesla, General Motors and Volkswagen among ...
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Intel cuts back spending, workforce as struggling chip maker mounts comeback

Intel Corp. is shedding thousands of workers and cutting expenses as its new CEO works to revive the fortunes of the struggling chipmaker that helped launch Silicon Valley but has fallen behind rivals like Nvidia Corp. In a memo to employees, CEO Lip-Bu Tan said ...
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Federal regulators approve Paramount’s $8 billion deal with Skydance, capping months of turmoil

NEW YORK (AP) — Federal regulators on Thursday approved Paramount’s $8 billion merger with Skydance, clearing the way to close a deal that combined Hollywood glitz with political intrigue. The stamp of approval from the Federal Communications Commission comes after months of turmoil revolving around ...
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South Korea minister meets US commerce secretary in effort to reach tariff deal

SEOUL (Reuters) -South Korea’s Industry Minister Kim Jung-kwan met U.S. Commerce Secretary Howard Lutnick on Thursday and reaffirmed a commitment to reach a trade deal on tariffs by the August 1 deadline, South Korea’s industry ministry said on Friday. During the meeting in Washington, the ...
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Pinnacle Financial Partners, Synovus Financial to merge in $8.6 billion deal

By Prakhar Srivastava and Akash Sriram (Reuters) -Pinnacle Financial Partners and Synovus Financial have agreed to merge in an $8.6 billion all-stock deal, forming one of the largest regional banks in the southeastern United States with over $115 billion in combined assets. The agreed exchange ratio ...
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Brazil VP hails ‘good’ and ‘fruitful’ conversation with Lutnick on tariffs

By Bernardo Caram BRASILIA (Reuters) -Brazilian Vice President Geraldo Alckmin said on Thursday that he had reiterated his country’s willingness to negotiate proposed U.S. tariffs on imports from Latin America’s No. 1 economy during a conversation on Saturday with U.S. Commerce Secretary Howard Lutnick. Alckmin said ...
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Fed chair tells Trump he has his facts wrong on central bank’s renovation costs

WASHINGTON (AP) — President Donald Trump rattled off a number to shame Federal Reserve Chair Jerome Powell about the renovation costs of the Fed’s headquarters — and America’s central banker dared to correct him. Live on video. The exchange occurred Thursday in the plywood-sheathed headquarters ...
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Chevron tells Hess staff to focus on safety as they await job updates

By Sheila Dang HOUSTON (Reuters) -Chevron leaders told Hess employees to stay focused on safe operations and that they will hear next week if they will continue to have jobs following the oil producer’s acquisition, according to two Hess employees who spoke with Reuters. Chevron, the ...
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Becle’s stock surges after world’s top tequila maker profit jumps

By Sarah Morland and Aida Pelaez-Fernandez MEXICO CITY (Reuters) -Shares in Becle, the world’s largest tequila producer, surged over 7% on Thursday after it reported a quadrupling in its second-quarter profit despite shrinking demand, and as executives indicated signs of recovery in the company’s main ...
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US FCC clears way for $8 billion Paramount-Skydance merger

By Dawn Chmielewski and David Shepardson (Reuters) -The U.S. Federal Communications Commission on Thursday approved the merger between Paramount Global and Skydance Media, clearing the way for an $8.4 billion sale of some of the most prominent names in entertainment, including the CBS broadcast television ...
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Trump and Powell spar over costs of Fed renovations

By Michael S. Derby (Reuters) -President Donald Trump and Federal Reserve Chairman Jerome Powell sparred face to face Thursday over the cost of renovations of the central bank’s Washington headquarters, with the Fed leader saying the president was wrong about the cost of the overhaul. Trump, ...
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