Business
Honda to set up $11 billion EV production base in Canada
By Maki Shiraki TOKYO (Reuters) - Honda Motor plans to build an EV production base in Ontario, it said on Thursday, a C$15 billion ($11 billion) investment that will mark the Japanese automaker's largest ever in Canada. The investment, due to be ...
Weak GDP, strong prices, highlight Fed dilemma
By Howard Schneider WASHINGTON (Reuters) - U.S. economic growth in the first quarter fell below the Federal Reserve's estimates of the economy's long-run potential for the first time in nearly two years, but the signs of slowing were accompanied ...
Cboe to merge digital assets business with derivatives and clearing arm
(Reuters) - Exchange operator Cboe Global Markets said on Thursday it will integrate its digital asset derivatives, currently offered by Cboe Digital, into its existing Global Derivatives and Clearing business as part of a strategic review. The ...
Huawei-led Chinese firms aim to make advanced memory chips by 2026, The Information reports
(Reuters) - A group of Chinese chip companies led by Huawei Technologies and backed by the country's government aims to produce high-bandwidth memory (HBM) semiconductors, a key component in AI chips by 2026, The Information reported on Thursday.
Toolmaker W.W. Grainger quarterly revenue rises on industrial demand
(Reuters) - Industrial parts provider W.W. Grainger reported a 3.4% increase in first-quarter revenue on Thursday, helped by demand from its U.S. industrial clients for maintenance and repair equipment. The Illinois-based company, which sells ...
BGC Group's FMX Futures gets funding from banking consortium
(Reuters) - Brokerage BGC Group said on Thursday its exchange platform FMX Futures was valued at $667 million after securing investment from a consortium including Bank of America and Citigroup. The consortium - which also includes Goldman Sachs, ...
Factbox-Top deals in the global mining sector
(Reuters) - BHP Group has bid $38.8 billion for smaller rival Anglo American, offering a deal to forge the world's biggest copper miner. Here is a list of some previous big-ticket deals in the mining sector: - Precious metals producer Polymetal ...
CANADA FX DEBT - Canadian dollar weakens, benchmark yield climbs
The Canadian dollar weakened against the greenback on Thursday, and the yield on benchmark government debt climbed. The loonie was trading 0% lower at C$1.3706 to the greenback, or 72.96 U.S. cents, after trading in a range of 1.3666 to 1.3712.
Analysis-Brazil central bank chief irks finance ministry team on his way out
By Marcela Ayres BRASILIA (Reuters) - An outspoken couple weeks for Brazil's central bank chief, including criticism of budget policy and comments scrapping monetary policy guidance, have soured relations with a Finance Ministry team who had been ...
Q1 US GDP shows surprise slowing and uncomfortable inflation
NEW YORK (Reuters) - U.S. economic growth slowed more than expected in the first quarter, but a surprisingly hot quarterly Personal Consumption Expenditure inflation component suggested that the Federal Reserve would not cut interest rates before ...