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Brazil Engine Maker Says Tariffs Are Hitting Lengthy-Time period Initiatives

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[ad_1] (Bloomberg) — Brazil’s WEG SA, a supplier of business equipment for world oil and energy firms, mentioned its purchasers are delaying long-term investments because of rising geopolitical tensions and new tariffs. Chief Monetary Officer Andre Luis Rodrigues mentioned the corporate is getting ready actions to mitigate potential US tariffs of fifty% on Brazil which … Read more

TSMC quarterly profit seen hitting record but Trump tariffs, forex a concern

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[ad_1] Analysts expect a 52% surge in second-quarter profit TSMC benefiting from surge towards AI Earnings call at 0600 GMT TAIPEI, – TSMC, the world’s main producer of advanced AI chips, is expected to post a 52% jump in second-quarter profit to record levels on Thursday, though U.S. tariffs and a strong Taiwan dollar could … Read more