By Shivansh Tiwary and Medha Singh (Reuters) -Shares of U.S. steel and aluminum producers surged on Monday, while their European counterparts fell after President Donald Trump disclosed plans to impose an additional 25% tariff on import of the metals. Nucor, Steel Dynamics and Cleveland-Cliffs rose between 6% and 13%, while Century Aluminum added 15% and…
By Ashitha Shivaprasad and Daksh Grover (Reuters) – U.S. President Donald Trump’s latest tariff threats have ignited another gold rush, propelling the safe-haven metal to new heights and bringing the glittering $3,000 milestone into view. Spot gold climbed to a record $2,911.30 a troy ounce on Monday – its seventh record peak to date in…
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – Futures on the federal funds rate, which measure the cost of unsecured overnight loans between banks, priced in on Thursday another 25-basis-point rate cut next month, after the Federal Reserve lowered rates by the same magnitude at the end of its two-day policy meeting. Rate futures also implied…
(Reuters) – Emerson Electric said on Monday that its $265 per-share offer to acquire Aspen Technology was its “best and final” price. The announcement comes days after activist investor Elliott Management said it invested over $1.5 billion in Aspen, opposing the company’s decision to accept Emerson’s $7.2 billion tender offer. “Our break price is ~$202…
KYIV (Reuters) – Ukrainian President Volodymyr Zelenskiy said on Thursday North Korean troops had suffered casualties in combat with Kyiv’s forces and that some of the 11,000 troops sent to Russia’s Kursk region had taken part in fighting. The Ukrainian leader, speaking at a news conference at the European Political Community summit in Budapest, said…
