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Stocks struggle as Trump slaps new tariffs, Fed cut bets unwind

By Rae Wee SINGAPORE (Reuters) -Asia shares got off to a shaky start on Friday after U.S. President Donald Trump unveiled a fresh round of punishing tariffs and as traders pared bets of sharp U.S. rate cuts following stronger-than-expected economic data. Trump on Thursday announced that ...
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Brazilian airline Gol’s controller ends talks for potential merger with Azul

MEXICO CITY (Reuters) -Airline Gol said on Thursday that its controlling shareholder, Abra Group, has notified peer Azul of its decision to end talks for a potential business combination between the two Brazilian carriers. “The parties have not meaningfully discussed or progressed a possible business ...
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Oil set for biggest weekly gain in three months as Russia cuts fuel exports

(Reuters) -Oil prices edged up on Friday, on track to rise at their steepest rate since early June as Ukraine’s attacks on Russia’s energy infrastructure push Moscow to restrict fuel exports and close to cutting crude output. Brent futures climbed 15 cents, or 0.2%, ...
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US regulators probe stock moves before companies made crypto-treasury announcements, WSJ reports

(Reuters) -U.S. regulators have examined sharp movements in the stock prices of companies before they announced plans to raise money to buy cryptocurrency for signs of potential insider trading and disclosure violations, the Wall Street Journal reported on Thursday. The Securities and Exchange Commission and ...
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Canada Post workers go on nationwide strike after government calls for reform

(Reuters) -Canada Post workers went on a nationwide strike on Thursday after the Canadian government called for the postal company to undergo a widespread transformation to bolster its finances and modernize operations, the Canadian Union of Postal Workers said. “In response to the Government’s ...
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Microsoft reduces Israel’s access to cloud and AI products over reports of mass surveillance in Gaza

WASHINGTON (AP) — Microsoft said Thursday it had disabled services to a unit within the Israeli military after a company review had determined its artificial intelligence and cloud computing products were being used to help carry out mass surveillance of Palestinians. The action comes after ...
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Costco tops quarterly estimates as Americans seek bargains amid inflation

By Anuja Bharat Mistry -Costco Wholesale beat fourth-quarter revenue and profit estimates on Thursday, as Americans hunting for bargains flocked to the membership-only retail chain to snap up lower-priced essentials. With household budgets under pressure due to rising inflation and a weakening labor market, consumers are ...
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Trump says US will impose 25% tariff on heavy trucks imports from October 1

(Reuters) -President Donald Trump said on Thursday that the United States will impose a 25% tariff on imports of all heavy trucks from October 1. “In order to protect our Great Heavy Truck Manufacturers from unfair outside competition, I will be imposing, as of October ...
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Big banks win dismissal of Libor-rigging litigation in New York

(Corrects ninth paragraph to identify Bank of America as a defendant, corresponding with list of bank defendants in fourth paragraph) By Jonathan Stempel NEW YORK (Reuters) -A federal judge on Thursday dismissed “all remaining claims” in a slew of antitrust litigation accusing large banks of ...
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Paramount Skydance appoints former antitrust enforcer Delrahim as legal chief

(Reuters) -Paramount Skydance on Thursday named Makan Delrahim, a former senior U.S. antitrust official, as its chief legal officer, amid preparations for a bid for Warner Bros Discovery. Delrahim, a former assistant attorney general for the Justice Department’s Antitrust Division, was part of the legal ...
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Citi to turn to more minority investors after Banamex stake sale

By Kylie Madry MEXICO CITY (Reuters) – Citigroup will look for more minority investors in its Mexican retail unit, Banamex, before launching a potential initial public offering, executives said on Thursday. Citi will sound out top Mexican investors in the coming months, ...
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Meta in talks to use Google’s Gemini to improve ad targeting, the Information reports

(Reuters) -Meta staffers have had discussions with Alphabet’s Google Cloud about the possibility of using its Gemini models to improve the Facebook parent’s ad business, the Information reported on Thursday.  The talks are still in relatively early stages and may not result in an agreement, ...
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