UK's Warehouse REIT shifts allegiance to Blackstone's sweetened bid
Blackstone raised its offer for the London-listed company to about 489 million pounds ($662.20 million) on Thursday, outbidding Tritax's cash-and-stock offer of 485.2 million pounds.
($1 = 0.7384 pounds)
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Yahoo
a few seconds ago
- Yahoo
US soybean farmers urge Trump to make purchase deal with China
By Leah Douglas WASHINGTON (Reuters) -U.S. soybean farmers urged President Donald Trump in a Tuesday letter to reach a trade deal with China that secures significant soybean purchase agreements, warning of dire long-term economic outcomes if the country continues to shun the U.S. crop. China, the world's largest soybean buyer, is turning to Brazilian cargoes amid trade tensions with the U.S. and ongoing negotiations. The country has not pre-purchased soybeans from the upcoming U.S. harvest, an unusual delay that has worried traders and farmers. "Soybean farmers are under extreme financial stress. Prices continue to drop and at the same time our farmers are paying significantly more for inputs and equipment. U.S. soybean farmers cannot survive a prolonged trade dispute with our largest customer," said the letter sent from the American Soybean Association to Trump on Tuesday. China's turn to Brazilian soybeans could cost U.S. farmers billions. China bought 54% of U.S. soybean exports in the 2023-2024 marketing year, worth $13.2 billion, according to the ASA. The country's soybean imports hit a record July high this year. Soybean prices jumped after an August 11 post from Trump on Truth Social urging China to quadruple its soybean purchases. However, farmers said they doubted such a large increase was possible. "The further into the autumn we get without reaching an agreement with China on soybeans, the worse the impacts will be on U.S. soybean farmers," said the letter. The White House did not immediately respond to a request for comment. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Miami Herald
2 minutes ago
- Miami Herald
Trump approval is at second-term low, with shift among Latinos, new poll finds
President Donald Trump's approval rating now stands at a second-term low, according to a new Reuters/Ipsos survey. This decline is fueled in part by waning support from Hispanic voters, a demographic that helped propel Trump to victory in the 2024 election. The poll arrives during a packed summer for Trump, marked by his signing of a sweeping tax-and-spending package, his nationwide crackdown on immigration, and ongoing diplomatic efforts to resolve the Russia-Ukraine war. It also comes after Trump announced new tariffs on dozens of countries and as labor market conditions have worsened, leading Trump to fire the Bureau of Labor Statistics commissioner. Conducted over six days in August, the poll found 40% of respondents approve of Trump's job performance so far. This figure, while the lowest recorded since Trump's inauguration, is unchanged from July. But it is down 7 points from January, when a record-high 47% of Americans approved of Trump. By comparison, at the same point during his first term, Trump's approval rating was slightly lower: 35%. In August 2021, former President Joe Biden's rating hovered around 50%. Trump's recent drop in support has been borne out by other recent polls. A July Gallup survey found Trump's overall approval rating had slipped to a record low, while also dropping on key issues. The survey — which sampled 4,446 U.S. adults with a margin of error of about 2 percentage points — also found Trump's approval rating has fallen among Hispanics. About one-third of Hispanic respondents, 32%, said they approved of Trump's job performance, on par with a previous low recorded this year. By comparison, the president's approval rating among Hispanic adults stood at 34% in April and 37% in January, marking a 5-point decline, according to The Hill. In the 2024 presidential election, 46% of Hispanic voters backed the Republican president, up from the 32% he won in 2020. Additionally, the survey found that 54% of respondents believe Trump is 'too closely aligned with Russia.' It comes after he held a diplomatic summit with Russian President Vladimir Putin in Anchorage, Alaska, on Aug. 15. Three days later, Trump hosted Ukrainian President Volodymyr Zelenskyy — and other European leaders — at the White House to discuss terms for ending the war. Further, 42% of respondents said they approved of the president's handling of crime. In early August, Trump federalized the Washington, D.C., police department and deployed the National Guard to the capital in an attempt to crack down on crime. It echoed tactics used to quell protests in Los Angeles earlier this summer. An additional 43% of respondents said they backed Trump's immigration policy. Since taking office, Trump has dramatically reduced southern border crossings and ramped up deportations. On every issue, the vast majority of support for Trump came from Republicans.
Yahoo
5 minutes ago
- Yahoo
Trump to put tariffs on steel and semiconductor chips
President Donald Trump said he plans to put tariffs on imported steel and semiconductor chips as soon as next week, a report said. "I'll be setting tariffs next week and the week after on steel and on, I would say, chips," the president said on Friday to reporters aboard Air Force One as he travels to Alaska to meet with Russian President Vladimir Putin, Reuters reported. "I'm going to have a rate that is going to be lower at the beginning — that gives them a chance to come in and build — and very high after a certain period of time," Trump said according to the report. At the beginning of June, the president placed a 50% tariff rate on imported steel and aluminum. And just last week, he said he would put a 100% tariff on chips , adding that if companies build in the U.S. then 'there is no charge.' Trump made the announcement during a press conference in the Oval Office with Apple CEO Tim Cook. During the conference, Cook said the iPhone maker is investing an extra $100 billion in the U.S., bringing the total of its planned corporate domestic spending to $600 billion over four years. 'But the good news for companies like Apple is if you're building in the United States or have committed to build, without question, committed to build in the United States, there will be no charge,' the president added. 'The higher you go, the more likely it is they build a plant here,' President Trump said in mid-June at the White House in regards to a possible tariff rate hike on imported autos. The policy, part of Trump's 'America First' agenda, aims to bolster domestic manufacturing by penalizing companies that rely on overseas chip production. For AI companies, the stakes are particularly high. Semiconductors are the backbone of AI infrastructure, powering everything from data centers to autonomous vehicles. Yet while Trump's semiconductor tariffs threaten global supply chains, years of U.S. buildout plans have left AI's biggest firms largely insulated . — Joseph Zeballos-Roig and Shannon Carroll contributed to this article. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
