BERLIN (Reuters) - Porsche has shipped added inventory to the United States to get ahead of tariffs and kept prices constant for orders made in March, executives told analysts and investors in a call on Wednesday, according to a note by Bernstein Research.The luxury carmaker expected an operating margin below its annual guidance of 10-12%, the note said, adding that this margin also did not accoun ...
By Joe Cash, Andrea Shalal and Sudip Kar-GuptaBEIJING/WASHINGTON/BRUSSELS (Reuters) - U.S. President Donald Trump’s sudden decision to pause most of the hefty duties he had just imposed on dozens of countries brought relief to battered global markets and anxious European leaders, even as he ratcheted up a trade war with China. Trump’s turnabout, which came less than 24 hours after steep new ta ...
By Naomi Rovnick, Harry Robertson and Sinead CruiseLONDON (Reuters) -The tariff shock and recession fears that have sent world stocks into a tailspin over the last week are rolling into corporate funding markets, raising the cost of borrowing and disrupting financing plans even for lower-risk companies.With U.S. Treasuries nursing huge losses on Wednesday - the strongest sign yet that stress is im ...
By Daina Beth SolomonSANTIAGO (Reuters) -Peru’s copper output is expected to grow between 2% and 4% this year, said the head of The National Society of Mining, Oil and Energy (SNMPE), Julia Torreblanca.That would put Peru’s copper production between 2.79 million and 2.85 million metric tons, compared to 2.74 million tons last year. Torreblanca said in an interview with Reuters, on the sideline ...