WASHINGTON (Reuters) – The U.S. trade deficit in goods narrowed sharply in March as exports surged and imports declined, which augurs well for economic growth in the first quarter. The goods trade deficit contracted 8.1% last month to $84.6 billion, the Commerce Department said on Wednesday. Exports of goods increased $4.9 billion to $172.7 billion….
By Victoria Waldersee BERLIN (Reuters) – Nearly one in five cars sold globally this year will be electric, with the prices of smaller EV models dropping to rival those of combustion engine cars in North America and Europe by the mid-2020s, the International Energy Agency (IEA) predicted on Wednesday. The agency raised its EV sales…
(Reuters) – First Republic Bank’s advisers have already lined up potential purchasers of new stock in the lender if they can fix the bank’s balance sheet, CNBC reported on Wednesday, citing sources. The embattled lender’s shares were down more than 10% in premarket trading, after hitting a record low in the previous session. First Republic…
By David Shepardson WASHINGTON (Reuters) – The Federal Aviation Administration (FAA) on Wednesday named an independent safety review team to look at ways to boost air safety after a series of close call incidents. The National Airspace System Safety Review Team includes former FAA Administrator Michael Huerta, former NASA Administrator Charles Bolden, former Air Line…
By Tatiana Gomozova and Alexander Marrow MOSCOW (Reuters) -Some former KFC restaurants in Russia began reopening as Rostic’s on Tuesday, as the new owners revive a brand born soon after the collapse of the Soviet Union, although franchise agreements mean the U.S. chain’s brand is set to live on. KFC’s U.S. parent company Yum! Brands…
By Karen Lema SAN ANTONIO, Philippines (Reuters) – U.S. and Philippine armed forces unleashed a volley of missiles on a mock enemy warship in the South China Sea on Wednesday, in a show of military power and a strengthening alliance at a time of rising regional tension. Philippine President Ferdinand Marcos Jr watched from a…
By Daniel Leussink TOKYO (Reuters) -Japan’s Honda Motor Co said on Wednesday it had struck a strategic collaboration agreement with Taiwan Semiconductor Manufacturing Co (TSMC) as part of efforts to secure a stable supply of semiconductors. Japanese automakers have struggled to completely shake off the hit from tight global chip and parts supply during the…
By David Brunnstrom WASHINGTON (Reuters) – At a summit with South Korean leader Yoon Suk Yeol on Wednesday, U.S. President Joe Biden will seek to reassure South Koreans that the U.S. nuclear umbrella is sufficient protection from North Korean attack. But with North Korean missiles now a direct threat to the United States, an old…
WASHINGTON (Reuters) – Florida Governor Ron DeSantis’ battles with Walt Disney Co over a state law banning public school lessons on sexual orientation and gender identity could boost his support among U.S. Republican voters as he mulls a possible White House bid, a Reuters/Ipsos poll found. DeSantis has been tussling with Disney for over a…
A look at the day ahead in U.S. and global markets from Mike Dolan Just as markets were getting all antsy again about regional U.S. banks, Big Tech mega caps seem to have calmed the investment world with cloud-covered earnings beats and giddy talk of the quantum leap in artificial intelligence. After Tuesday’s bank stress…
