Latest news with #USexports
Wall Street Journal
08-08-2025
- Business
- Wall Street Journal
Irish Factory Output Slumped in June as Exports to U.S. Fell
Ireland's factory output fell sharply in June as exports to the U.S. halved, helping to push the economy into contraction after a first-quarter boom. The country's Central Statistics Office on Friday said manufacturing output was 12.0% lower than in May, having risen sharply in that earlier month. Over the three months through June, output was 2.1% lower than in the first quarter.
Yahoo
07-08-2025
- Business
- Yahoo
Modi Vows to Protect Farmers as Trump Builds Tariff Pressure
(Bloomberg) -- Prime Minister Narendra Modi pledged to safeguard the interests of farmers, a day after President Donald Trump doubled tariffs on Indian goods, with pressure mounting on New Delhi to open up its markets to US exports. All Hail the Humble Speed Hump Mayor Asked to Explain $1.4 Billion of Wasted Johannesburg Funds Three Deaths Reported as NYC Legionnaires' Outbreak Spreads Major Istanbul Projects Are Stalling as City Leaders Sit in Jail PATH Train Service Resumes After Fire at Jersey City Station The welfare of farmers remain the country's top priority, Modi said at a conference in New Delhi. The government is constantly working to boost their incomes, lower cultivation costs, and diversify their sources of livelihood, he said on Thursday, without making any direct reference to Trump's move to raise tariffs on Indian goods to 50% as a penalty for India's Russian oil purchases. His commitment to protect farmers comes as Washington wants greater market access for its dairy products and genetically modified crops. It underscores New Delhi's efforts to protect a politically-sensitive sector, while managing stalled trade talks and potential domestic backlash. 'Our government has considered the strength of farmers as the foundation of the nation's progress,' Modi said. 'For us, the welfare of our farmers is the highest priority.' The world's top milk producer and the second-biggest grower of rice, wheat, sugar and cotton doesn't allow cultivation of GM food crops, even though those varieties can boost yields. The commercial release of genetically altered mustard has been stalled due to a legal challenge in the country's top court, and in 2010, the government rejected a GM variety of brinjal, or eggplant. However, India is weighing to ease some dairy market access rules for the US, Bloomberg News reported earlier. Currently, the South Asian nation prohibits the import of dairy products if the cattle were given feed made from animal-derived ingredients. The country has a Hindu majority, and cows are considered as sacred. Farmers are a major voting bloc in the most-populous nation, where millions of smallholders own less than 2 hectares (5 acres) of land. 'India will never compromise' on the interests of its farmers, fishermen and the dairy sector, Modi said. Russia's Secret War and the Plot to Kill a German CEO The Pizza Oven Startup With a Plan to Own Every Piece of the Pie AI Flight Pricing Can Push Travelers to the Limit of Their Ability to Pay Government Steps Up Campaign Against Business School Diversity A High-Rise Push Is Helping Mumbai Squeeze in Pools, Gyms and Greenery ©2025 Bloomberg L.P. Errore nel recupero dei dati Effettua l'accesso per consultare il tuo portafoglio Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati
Bloomberg
07-08-2025
- Business
- Bloomberg
Modi Vows to Protect Farmers as Trump Builds Tariff Pressure
Prime Minister Narendra Modi pledged to safeguard the interests of farmers, a day after President Donald Trump doubled tariffs on Indian goods, with pressure mounting on New Delhi to open up its markets to US exports. The welfare of farmers remain the country's top priority, Modi said at a conference in New Delhi. The government is constantly working to boost their incomes, lower cultivation costs, and diversify their sources of livelihood, he said on Thursday, without making any direct reference to Trump's move to raise tariffs on Indian goods to 50% as a penalty for India's Russian oil purchases.
South China Morning Post
31-07-2025
- Business
- South China Morning Post
Trump's many victories will prove pyrrhic
You have to hand it to him. Six months into his second term, US President Donald Trump has largely done what he said he would – not many politicians can say that. He reigns supreme. The Supreme Court, Congress, federal civil service and Justice Department have all, it seems, been made to bend to his will, making his mercurial policies easy to execute. He has slashed illegal migration numbers and reduced the extremes of wokeness that can choke society and destroy careers. Many stock indices worldwide have hit all-time highs, and the dollar has weakened helpfully for US exports. His genius is that he has filled investors with delight that blanket tariffs with major trading partners are settling at around 15 per cent – even though they averaged only 2.2 per cent six months ago. His New York real estate negotiating tactic of issuing bullying threats that are rolled back at the first sign of resistance, aiming for high stakes and then chickening out, have surprised and frightened his counterparties. They have rushed to the table to buy time and agree to a great deal – for the US. Some have accepted much increased US tariffs while reducing their own to zero, others have promised hundreds of billions of dollars of investment in America. Good luck with that. 03:01 US appeals court allows Donald Trump's tariffs to stay in effect US appeals court allows Donald Trump's tariffs to stay in effect For a man of venerable age, his energy in engaging with domestic and international politics, as well as his advancing of his eponymous business empire is, as he might say, bigly historic. The Trump administration can look back with much satisfaction on a highly successful period.
Yahoo
30-07-2025
- Business
- Yahoo
Petrobras reports 7.6% increase in oil production in Q2
Petrobras, the Brazilian state-run oil company, has reported a significant 7.6% increase in oil production during the second quarter (Q2), reaching 2.32 million barrels per day (mbbl/d) in Brazil. This rise is attributed to the ramp-up of new production vessels, which have notably boosted output, according to a Reuters report. In Q2, the company saw enhanced productivity from four floating production vessels. One vessel reached its peak production, while another commenced operation ahead of schedule, contributing to the overall increase for the period. The company's total production, including oil, gas and gas liquids, rose to 2.91 million barrels of oil equivalent per day (mboe/d), a 7.8% increase from the previous year. Sales of oil, gas and derivatives also increased to 2.98mboe/d, a 1.6% increase from last year. Exports of oil and derivatives from Petrobras climbed by 2.7% to approximately 874,000bpd. During this quarter, China remained the primary recipient of the company's oil, accounting for 54% of total exports, a four-percentage-point increase from the same period last year. Meanwhile, the US saw an increase in its share of oil exports from Petrobras, receiving around 8%, up from 5% in Q2 of the previous year. Petrobras CEO Magda Chambriard had indicated that the company is considering altering its export strategy in response to the annoucement of higher US tariffs on South American countries. The company may shift its focus from the US market and increase its oil exports to Asia and Pacific regions. Additionally, Petrobras is exploring the sale of Polo Bahia onshore oil and gas operations in Bahia state. The Polo Bahia Terra, which currently produces less than a single well in the pre-salt region, stands out for its high production costs compared to the prolific pre-salt deep-water fields that generate more than 70% of Brazil's oil output. The company is evaluating various options for the Polo Bahia hub, which includes 28 onshore fields, with a focus on returns and shareholder interests. "Petrobras reports 7.6% increase in oil production in Q2" was originally created and published by Offshore Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
