By Patricia Vilas Boas (Reuters) – Brazilian meatpacker JBS announced on Saturday that it will invest US$100 million to build two factories in Vietnam, aiming to expand its presence in Southeast Asia and strengthen its position in the global market. According to a statement from the company, the plants will produce beef, pork and poultry,...
By Amy-Jo Crowley LONDON (Reuters) – ING Groep met with Italy’s Banca Popolare di Sondrio in recent weeks as it seeks to grow in Europe through takeovers, a person with knowledge of the matter said. The early stage discussions were not advanced and may not proceed to an offer by the Dutch bank, the person...
Welcome to this week’s edition of top stock market highlights. Trump’s tariffs It seems that there is never a week that passes where we do not hear about Trump and his ongoing tariff trade war. This time, the US president has declared a 25% tariff on imported vehicles. This new levy will take effect on...
ABOARD AIR FORCE ONE (Reuters) – U.S. President Donald Trump said on Friday that he was open to carving out deals with countries seeking to avoid U.S. tariffs but those agreements would have to be negotiated after his administration announces reciprocal tariffs on April 2. Speaking to reporters aboard Air Force One, Trump also said...
ZURICH (Reuters) – UBS has no plans to leave Switzerland, the bank’s compliance and governance chief Markus Ronner said on Friday amid a debate on how to regulate the country’s biggest lender. This month the head of the Swiss Bankers Association (SBA) said UBS might consider leaving the country if authorities drew up regulations for...
FBI investigating cyberattack at Oracle, Bloomberg News reports Reuters Fri, March 28, 2025 at 10:56 PM UTC 1 min read FILE PHOTO: The FBI building in Washington (Reuters) -The Federal Bureau of Investigation (FBI) is probing the cyberattack at Oracle as the hackers broke into the cloud computing company’s computer systems and stole patient data,...
(Reuters) – Artificial intelligence startup Scale AI is seeking a valuation as high as $25 billion in a potential tender offer as it looks to capitalize on the booming demand for the technology, Business Insider reported on Friday, citing multiple sources. Top tech companies are racing to build AI into their products and services. Startups...
By Ankur Banerjee SINGAPORE (Reuters) – Asian stocks fell on Friday with heavy selling in South Korea and Japan while safe-haven gold hit a record high as the latest tariff salvo from U.S. President Donald Trump stoked investor worries of an all-out trade war. Trump moved ahead with a 25% tariff on auto imports due...
(Reuters) – Nvidia-backed cloud computing firm CoreWeave said on Thursday it had priced its initial public offering at $40 per share, compared with the earlier range of $47 to $55 per share. The IPO size was also reduced to about 37.5 million shares, compared with the 49 million shares that CoreWeave and some existing investors...
By Tom Westbrook SINGAPORE (Reuters) – The dollar was headed for a steady week on Friday and a quarterly loss next week as concern about tariffs slowing U.S. growth has pushed down U.S. yields, stocks and the currency. The euro, at just below $1.08, was headed for its largest quarterly rise in more than a...
