Economy

Indonesia earthquake damages buildings, but tsunami alerts have been lifted

A magnitude 7.6 earthquake struck in Indonesia's Northern Molucca Sea on Thursday, killing one person, damaging buildings and triggering tsunami waves, authorities and

Swiss inflation hits one-year high as fuel prices rise

Swiss inflation rose to its highest level in a year in March, government data showed on Thursday, albeit less than expected, as the country absorbed higher

India factory activity cooled in March with oil costs rising amid Middle East turmoil, PMI shows

India's manufacturing sector grew at its slowest pace in nearly four years in March as the war in the Middle East stoked uncertainty, disrupted supply chains and dented

China says it supports law-abiding transnational deals after reports of Meta deal review

The Chinese government supports companies with transnational operations and technology cooperation deals according to needs and the law, commerce ministry spokesperson He

BOJ may be overlooking real risk from Iran war, says ex-central bank official

Japan's economy may face supply shocks and slumping demand from the Iran war, a risk the central bank may be overlooking by focusing on inflationary

Light at last for Hong Kong's Central office market after 7-year slump

Hong Kong's Grade-A office market in the city's financial core is finally hitting a floor after nearly seven years of decline, buoyed by a roaring capital

US lifts sanctions on Venezuela acting president, opening door for assets control

The U.S. on Wednesday removed sanctions against Venezuelan interim President Delcy Rodriguez, according to the Treasury Department website, less than three months after

South Korea's Lee urges prompt passage of $17 billion extra budget amid Middle East energy crisis

South Korean President Lee Jae Myung on Thursday urged parliament to promptly pass a 26.2 trillion won ($17.3 billion) supplementary budget to shore up the economy amid "the

Global central banks mostly on hold as war muddies economic outlook

Major central banks pointed to uncertainty linked to the war in the Middle East as they largely kept interest rates steady in March,

Australia hits gambling advertising, advocates say not hard enough

Australia said it would ban gambling advertisements featuring celebrities and limit online gambling advertisements to internet users over

Automakers unveil new EVs for US market despite sales downturn

Major automakers unveiled new electric vehicles at the New York Auto Show on Wednesday, despite lagging consumer demand and a sharp

Australian growers shift to less fertiliser-intensive crops as Iran war costs surge

Australian farmers are expected to favour less nitrogen-intensive crops such as barley over wheat and canola in the upcoming season, as surging

Amazon eyes $9 billion Globalstar deal to rival SpaceX's Starlink, FT reports

Amazon is in talks to buy satellite telecom group Globalstar as it ramps up efforts to build its own low-earth-orbit satellite business to rival SpaceX's Starlink, the Financial

On birthright citizenship, Trump's restrictive immigration agenda hits a rare roadblock

President Donald Trump took the short trip from the White House to the U.S.

Tesla's China-made EV sales rise for second straight quarter

Tesla's China-made electric vehicle sales rose for a second consecutive quarter, holding up despite intensifying competition as the U.S. automaker broadened its focus

UK firms report biggest jump in price expectations in nearly two years, BoE survey shows

British companies expect to raise prices more quickly in the coming 12 months as they respond to a surge in energy prices due to the Iran war, cut jobs and

Fed's Williams says war is already driving up inflation pressures

By Michael S.

QVC prepares for bankruptcy protection in the era of influencers, TikTok and Temu

The owner of home shopping network pioneer QVC _ which for years garnered the attention of millions of TV viewers looking for a deal on baubles and housewares, is planning to file for Chapter 11 bankruptcy protection

Santa Cruz County groups plan straw bale tiny home village to address housing crisis

Santa Cruz County groups plan straw bale tiny home village to address housing crisis

White House offers no hint of Iran war cost as it seeks military funding surge

By Nolan D.

Gucci-owner’s new strategy looks half dressed

(The author is a Reuters Breakingviews columnist. The opinions expressed are her own.)

Japan views private credit as a policy pillar despite overseas market turmoil

Japan's financial regulator sees private credit as a potential key pillar of its new strategy to meet rising corporate funding demand

Brazilian payments firm Ebanx makes Southeast Asia push

Brazilian cross-border payments company Ebanx said it is expanding global operations, with a focus on Southeast Asia, strengthening its footprint

IMF warns of Asia's vulnerability to war-induced energy shock

Asia is more vulnerable to an energy shock than other regions because of its heavy reliance on Middle East fuel, an International Monetary Fund

ECB yet to see big second-round inflation impacts from energy price surge, policymaker Kazaks says

The European Central Bank cannot take an April 30 interest rate hike off the table just yet, even if energy prices are not far from the baseline

Stellantis, Microsoft sign five-year partnership for AI push

Stellantis and Microsoft said on Thursday they agreed to a five‑year strategic partnership to co-develop artificial intelligence (AI), cybersecurity and engineering

Israel's El Al to buy up to 12 more Boeing 787s for $1.5 billion

El Al Israel Airlines said on Thursday it would buy up to 12 more 787 Dreamliner aircraft from Boeing in a deal worth $1.5 billion, taking advantage of

U.S. Bancorp profit jumps on interest income, fee revenue boost

U.S. Bancorp reported a 13.6% jump in first-quarter profit on Thursday, driven by higher interest income and fee revenue.

Boeing hiring more than 100 factory workers a week to boost output, replace retirees

Boeing is hiring around 100 to 140 factory workers a week, the highest pace since 2024, as the U.S. jetmaker replaces retirees and

US senators reassure Taiwan on weapons approvals in coming weeks

The United States will likely approve pending weapons sales to Taiwan in coming weeks, a bipartisan group of senators assured Taiwanese lawmakers in

Mercedes investors warn luxury focus could hamper China recovery

Investors pressed Mercedes-Benz on its recovery plans for China on Thursday, warning that a luxury-focused strategy could hurt the German

South Africa's Malema faces political crisis after jail sentence in firearm case

Julius Malema, a polarizing figure in South African politics, faces an uncertain political future after being sentenced to five years

Iran war exposes weakened state of Britain's armed forces

The Iran war has left Britain's armed forces exposed, heaping pressure on Prime Minister Keir Starmer to act on his promises to invest

European corporate earnings set for meagre growth, barring energy majors

European blue-chip companies are set to deliver meagre profit growth in the first quarter, the latest forecasts showed on Thursday, though energy majors are

Cuba's president says island does not wish for US aggression but ready to fight if needed

Cuban President Miguel Díaz-Canel says that while Cuba does not want military aggression from the United States, his country is prepared to fight should it happen

Russia looks for a way out of its sharpest economic contraction in three years

Russia's top officials have outlined numerous proposals to President Vladimir Putin on how to kick-start the war

IMF urges Japan to raise rates, keep fiscal stimulus targeted

Japan should gradually raise interest rates and keep any fiscal stimulus targeted given robust domestic demand and steady wage gains, a senior

ECB is good starting position to deal with inflation shock, Schnabel says

The European Central Bank entered the current inflation shock in a strong position as the bloc managed to resolve many of its economic and financial imbalances over

LIV Golf season continues as planned for now, but questions remain over funding future

LIV Golf season continues as planned for now, but questions remain over funding future

Wall Street indexes open higher as Mideast diplomacy hopes, earnings lift sentiment

Wall Street's main indexes opened higher on Thursday on rising hopes that the worst of the Middle East conflict had passed, while a wave of solid earnings allayed concerns about

US manufacturing output dips in March

U.S. factory production unexpectedly fell in March after two straight months of solid gains, weighed down by decreases in the output of motor vehicles and a range of

TPG invests $100 million in student mobility company Zum

Private equity firm TPG has made a $100 million investment in Zum, in a deal that values the student transportation company at around $1.7 billion

Starlink user growth accelerates as SpaceX eyes public market debut, report says

Starlink, the satellite internet unit of Elon Musk's SpaceX, is seeing a surge in global user growth and app downloads, market research firm Apptopia said in a report,

Charles Schwab posts record quarterly profit, set to launch spot crypto trading

Brokerage Charles Schwab on Thursday posted record first-quarter profit on the back of robust client growth and trading activity and said it would roll out spot crypto trading in

AmEx to buy Altman-backed Hyper in push for AI-powered expense tools

Credit card giant American Express said on Thursday it would buy Hyper, an artificial intelligence-focused expense management startup backed by OpenAI Chief Executive Sam Altman.

Spain calls for joint EU debt issuance to cut costs

Spanish Finance Minister Carlos Cuerpo called on Thursday for more joint EU debt issuance, arguing the lower cost of borrowing that would follow would save taxpayers'

German government halves 2026 growth forecast to 0.5% amid Iran war, source says

The German government has halved its growth forecast for 2026 and has also cut its growth prediction for 2027, while raising its inflation projections, a

IMF says Senegal loan talks positive, more deliberation on debt needed

The International Monetary Fund has held positive discussions with Senegal this week on a potential new loan program, but more time and analysis are needed to come up

Weak dividend tax revenue puts Lula’s plan to the test in Brazil

Brazil's new tax on dividends has raised only a fraction of the revenue expected this year, according to unpublished tax data reviewed by Reuters,

Gucci can no longer treat China like a 'trash bin', Kering CEO says

Kering's biggest brand Gucci must rebuild its position in China after years of complacency when it treated the market as a place for easy growth

US military: 'locked and loaded' to strike Iran's power plants, energy industry if ordered

The U.S. naval blockade of Iran is just an example of "polite" behavior during the ongoing ceasefire and U.S. forces are ready to strike

Meta to raise Quest VR headset prices in US on rising component costs

Meta Platforms said on Thursday it would increase the prices of its virtual reality headsets from April 19 in the United States due to rising costs of memory chips.

Calm judgment will prevail over haste at ECB, Rehn says

The European Central Bank still has a chance to look past the current inflation shock and calm judgment must prevail over haste, Finnish central bank chief Olli Rehn

Myseum takes flight after Allbirds in fresh AI rebrand wave 

A day after footwear maker Allbirds rose 582% on its plan to "pivot its business to AI compute infrastructure," social media firm Myseum was up 146% early on

US dollar gains on technical rally; US-Iran peace hopes cap safe-haven demand

The U.S. dollar climbed against major currencies on Thursday, retracing some of its recent losses on a technical recovery, as investors

Abbott trims 2026 profit forecast on Exact deal hit, shares fall

Abbott cut its annual profit forecast on Thursday due to an impact from its $23 billion acquisition of cancer test maker Exact Sciences,

CVS distribution center workers plan to go on strike

More than 500 CVS Health drivers and warehouse workers at the healthcare conglomerate's Fredericksburg, Virginia distribution center have voted to authorize a

Fed chair nominee Warsh's disclosures don't comply with Senate ethics rules, Senator Warren says

U.S.

US SEC seeks comment on contentious trading database

The U.S.

Leftist Sanchez vies with far-right former mayor for spot in Peru's runoff vote

Leftist congressman Roberto Sanchez and far-right former Lima Mayor Rafael Lopez Aliaga were neck-to-neck on Thursday in the race to face conservative Keiko

Oil prices rise on doubts US-Iran peace talks will ease Hormuz disruption

Oil prices rose on Thursday on skepticism that forthcoming peace talks between the U.S. and Iran would be able to resolve disruptions

US weekly jobless claims fall; manufacturing production retreats in March

New applications for U.S. unemployment benefits fell more than expected last week, suggesting labor market conditions remained stable, though

Schroders shareholders approve $13.4 billion sale to Nuveen

Schroders shareholders on Thursday approved a 9.9 billion pound ($13.4 billion) sale of the British asset manager to U.S. rival Nuveen, confirming the end of independence

Trump administration to lobby allies to support 'trade over aid' push, cable shows

President Donald Trump's administration has instructed U.S. diplomats worldwide to lobby countries to back a "trade over aid" declaration at the

ECB wary of premature hike at March meeting, accounts show

European Central Bank policymakers were wary of raising interest rates prematurely when they met last month amid growing fears of a new energy-driven surge in euro zone

Spring housing market stalls as war, high mortgage rates keep buyers sidelined

Spring housing market stalls as war, high mortgage rates keep buyers sidelined

Russian oil output cuts are unavoidable as drone attacks shrink exports, sources say

Russian oil output cuts are imminent because Ukraine's strikes on port infrastructure, pipelines and refineries have reduced export capability by 1 million barrels per day, or a

No Easter truce

By Mike Dolan April 2 - What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets Market hopes that President Trump might signal an immediate end to the Iran

Goldman Sachs completes Innovator Capital acquisition, lifting ETF assets to $90 billion

Goldman Sachs said on Thursday it has completed the acquisition of active exchange-traded fund provider Innovator Capital Management, expanding the Wall Street bank's presence in

At village pub in Orban's heartland, Hungary's vote plays out over pints

Sandor Toth has been running his pub in a small village in the hilly northeast of Hungary for 43 years, witnessing the

Serbian president invites parties for talks as anti-government protests continue

Serbia's President Aleksandar Vucic will begin talks on Friday as part of what he has billed as a way to lift the country out of a political crisis but which critics have

KKR raises $23 billion for North America private equity fund

Investment firm KKR said on Thursday it had raised $23 billion for its North America-focused private equity fund, the largest such fund the firm has devoted to the region.

US defense stocks see no Iran war lift after early surge

U.S. defense stocks have declined even as the Iran war drags on, indicating that the typical "buy-on-conflict" trade had

Logan sketches path to shrink size of Fed balance sheet

By Michael S.

Canada's February trade deficit surges to a six-month high on gold imports

Canada's merchandise trade deficit came in much wider than expected in February, data showed on Thursday, as a surge in gold purchases abroad pushed

Wall Street sees multi-billion dollar debut for Lilly's obesity pill despite Novo lead

Eli Lilly's newly approved weight-loss pill is expected to generate billions in sales as soon as this year, with analysts betting it will quickly narrow Novo

Russia's Primorsk oil terminal lost 40% of storage to drone attacks, satellite images show

Russia's Baltic Sea port of Primorsk, one of country's largest export gateways, lost at least 40% of its storage facilities in Ukrainian drone attacks last month, U.S. commercial

Russia will ask US and Israel to cease fire while it evacuates staff from Iranian nuclear plant, RIA reports

Russia will ask the United States and Israel to ensure a ceasefire while it evacuates more Russian staff from the Bushehr nuclear power plant in Iran, RIA news agency

McDonald's launches under $3 menu items and $4 breakfast deals in US

McDonald's said on Thursday it was introducing menu items priced at $3 or less and offering a $4 breakfast meal deal in the U.S., as restaurants aim to attract price-conscious

Wall St opens lower after Trump's comments dent Iran resolution hopes

Wall Street's main indexes opened lower on Thursday, in the last session of a holiday-truncated week, after President Donald Trump signaled more aggressive attacks on Iran,

US trade deficit widens in February as imports offset record exports

The U.S. trade deficit widened in February as a rebound in imports offset strong growth in exports, which increased to a record high, potentially keeping trade on track

BP names Carol Howle as deputy CEO, to oversee portfolio review, strategy

BP named Carol Howle as deputy chief executive on Thursday and said she would oversee the company's ongoing portfolio review and strategy development.

Senate Republicans send Trump resolution to lift mining ban near Boundary Waters Canoe Area

Congressional Republicans are sending President Donald Trump a resolution for his signature that would lift a federal ban on mining near Minnesota's Boundary Waters Canoe Area Wilderness

Ford first-quarter US auto sales fall as affordability concerns weigh on demand

Ford Motor reported a near 9% drop in first-quarter U.S. sales on Thursday, as persistent affordability pressures prompt consumers to rethink big-ticket purchases.

Rising fuel prices test Milei's free‑market gamble as South America feels oil shock

The global surge in fuel prices is exposing how unevenly South America is positioned to absorb the shock, with

US fixed 30-year mortgage rate rises to 6.46% amid Iran war

The average rate on the most popular home-loan rate rose to its highest since early September, as the Iran war pushes up oil prices and fans inflation fears, lifting

Rivian beats quarterly delivery estimates as EV demand stabilizes

Rivian Automotive exceeded analysts' expectations for first-quarter vehicle deliveries, indicating stabilized demand for its SUVs and R1T pickup trucks

US private credit faces potentially higher defaults as software exposure weighs

The U.S. private credit industry is staring at a period of higher borrower defaults, several brokerages warned, exposing cracks in what had become

Trump speech unleashes more pain on US consumers with $5 gasoline, record diesel in sight

U.S.

Central banks' inflation mood puzzle: more judgment than science

The world's central bankers may be attempting the impossible: to get into the psyche of business executives, labour

Trump's fresh Iran threats give investors a risk-off reality check

U.S.

Tariff-struck companies exploring loans backed by refund claims​

Some tariff-whiplashed companies are exploring using refund claims as collateral for loans, in the latest example of creative

Fuel tanker that rerouted from Cuba now discharging in Venezuela, data and source say

A fuel tanker that according to ship tracking services loaded a Russia-origin cargo originally bound for Cuba began discharging on Thursday at an independently-owned terminal in

Tesla deliveries mark weakest quarter in a year, inventory swells

Tesla kicked off 2026 with its weakest quarterly deliveries in a year, missing Wall Street expectations as fading U.S. incentives and intensifying global

Netflix searches for franchises after losing out on Harry Potter

After losing its bid for Warner Bros

Trump to sign order to pay tens of thousands of DHS employees

U.S.

US labor market remains stable; trade deficit widens in February

New applications for U.S. unemployment benefits unexpectedly fell last week amid low layoffs, suggesting labor market conditions remained calm in

Trump to reduce steel, aluminum tariff rates for derivative products, sources say

The Trump administration plans to reshape its steel and aluminum tariff regime, keeping a 50% tariff for commodity steel and aluminum imports while reducing

Australia's regulator says ASX favoured shareholder returns over system resilience

The Australian Securities Exchange has an 'insular and defensive' culture that prioritised delivering higher shareholder returns over ensuring critical market

FTSE 100 closes higher after Britain's move to hold talks on Strait of Hormuz

London's FTSE 100 stock index closed higher on Thursday after Britain said it would host talks on reopening the Strait of Hormuz.

European shares trim losses on hopes of reopening of Strait of Hormuz

Europe's main stock index trimmed losses on renewed hopes of a reopening of the crucial Strait of Hormuz, even as U.S.

China calls for promoting Middle East ceasefire in talks with EU, Germany

China on Thursday repeated calls for a ceasefire in the Middle East and safe passage through the Strait of Hormuz in conversations with Western counterparts, widening its

Britain says 40 countries discuss reopening Strait of Hormuz after Iran blockade

About 40 countries on Thursday discussed joint action to reopen the Strait of Hormuz and stop Iran holding "the global

ECB's Villeroy says it is too soon to say when rates could rise

The European Central Bank's next interest rate move will very likely be an increase although it is still too early to say when it will start hiking, ECB policymaker Francois

Bank of America's $72.5 million settlement with Epstein accusers wins preliminary approval

A U.S. judge granted preliminary approval on Thursday to Bank of America's $72.5 million settlement with women who accused the bank of facilitating their

Hedge funds hammered by market turbulence triggered by Iran conflict 

Global hedge funds last month faced their worst monthly drawdowns in more than four years, according to several top Wall Street

Expelled from camp, Palestinian refugees now face Iranian rockets

The sight and sound of Iranian rockets arcing overhead have become near-daily for the Palestinian Ghanem family, expelled by the Israeli military

Amazon must negotiate with Staten Island warehouse workers, NLRB says

Amazon must negotiate with a labor union representing some 5,000 workers at a company warehouse on Staten Island, the National Labor Relations

Trump cuts US duty rates on steel, aluminum and copper derivative products

U.S.

SpaceX has held talks with Saudi fund for possible $5 billion investment in IPO, sources say

Billionaire Elon Musk’s SpaceX has had discussions with Saudi Arabia’s Public Investment Fund about PIF potentially taking an anchor stake

Starbucks expands weekly pay, adds more tips and bonuses for US baristas

Starbucks will move to weekly pay for all U.S. store workers and roll out a program that adds bonuses and expands tips, it said on Thursday, as concerns persist over its stalled

Coinbase gets conditional US approval for trust charter

Coinbase Global has received conditional approval from banking regulators for a national trust company charter, it said on Thursday, a move that could boost the top U.S.

Near-term oil prices hit record premium over later deliveries after Trump vows more attacks on Iran

U.S. crude oil futures for immediate delivery next month hit their largest-ever premium over the second-month contract on

Cubans take to bikes and electric tricycles to protest US sanctions

Cuban activists paraded on Thursday on bikes and electric tricycles along Havana's waterfront Malecon boulevard, accompanied by Cuban President Miguel Diaz

Dollar rises against peers on renewed concerns about Middle East conflict

The dollar rose sharply from two straight sessions of losses on Thursday after U.S.

Private credit jitters trigger caps on redemptions, tighter lending

Private credit market jitters have spilled onto Wall Street, with several funds capping withdrawals and some major U.S. banks tightening

Fed's Logan says US oil producers unlikely to provide near-term relief for consumers

By Michael S.

J.P. Morgan warns oil could top $150 if disruptions persist into mid‑May

Oil prices could spike to $120-$130 per barrel in the near term, with a risk of surging above $150 if supply flows through the Strait of Hormuz remain disrupted into mid-May, J.P.

Golden Dome, ships and missiles top Trump's $1.5 trillion fiscal 2027 defense wish list

U.S.

Regeneron says it expects to avoid new US pharma tariffs

Drugmaker Regeneron said on Thursday it expects to be excluded from a list of pharmaceutical companies that could face new tariffs from the U.S. government.

Fate of DHS funding uncertain as US Congress Republicans decide next steps

Federal funding for the U.S.

Blue Owl limits withdrawals from two funds after historic surge in redemption requests

Blue Owl told investors Thursday that it is limiting withdrawals from two of its funds after a historic level of redemption requests came in for the first

Broadcom taps Alphabet executive Amie Thuener as next CFO

U.S. chip designer Broadcom on Thursday named Alphabet executive Amie Thuener as its next finance chief, effective June 12, when incumbent Kirsten Spears retires.

Energy-price surge will work through economy slowly, Fed's Williams tells Fox Business

By Michael S.

China's detentions of Panama-flagged vessels raise concerns, Rubio says

Detentions of Panama-flagged vessels by China that followed a Panamanian court ruling raise serious concerns about efforts to

Starbucks closes China deal with Boyu, plans to expand stores

Starbucks has closed its deal with Boyu Capital to sell control of its China operations, the Seattle-based coffee company announced Thursday. 

Oil prices soar, and stocks end mixed in volatile trade

Oil prices surged on Thursday and equities markets around the world were mixed in volatile trade as traders weighed conflicting

Drugmakers face 100% tariff unless they cut prices or produce drugs in US

President Donald Trump signed an executive order on Thursday imposing 100% tariffs on branded pharmaceuticals imported into the U.S. unless

SpaceX targets more than $2 trillion valuation in IPO, Bloomberg News reports

Elon Musk's SpaceX boosted its target IPO valuation above $2 trillion, Bloomberg News reported on Thursday, citing people familiar with the matter, setting the stage for what could

Vendors stunned after Painted Tree Boutiques abruptly shut down across North Texas

Vendors stunned after Painted Tree Boutiques abruptly shut down across North Texas

China services activity growth cools in March, private PMI shows

Growth in China's services activity slowed in March from February's 33-month high, as softer demand and a decline in overseas orders weighed

Japan's services growth slows as Middle East war dents confidence, PMI shows

Japan's services sector grew at its weakest pace in three months in March, a private survey showed on Friday, as rising uncertainty over the Middle East war crushed business

A year after 'Liberation Day,' Trump sets new drug tariffs, adjusts metals duties

U.S.

World anxious to open Hormuz Strait while Trump and Iran trade threats

Dozens of countries sought ways to restart vital energy shipments through the Strait of Hormuz on Thursday after U.S.

US crude jumps more than 11%, Brent nearly 8% after Trump vows more attacks on Iran

U.S. oil prices settled more than 11% higher and Brent soared nearly 8% on Thursday in volatile

Brazil's Braskem boosted by petrochemical prices, but debt problem looms

Rising petrochemical prices have buoyed the long-term prospects for Brazil's Braskem, even as the company is racing against the clock to deal with

Wall Street ends mixed as worries linger before Good Friday break

U.S. stocks ended slightly mixed on Thursday after paring deeper losses, as diplomatic signals from the Middle East helped calm markets rattled

Global pharma companies that have publicly announced Trump drug pricing agreements

U.S.

Brazil's Embraer posts 47% increase in first-quarter deliveries

Brazilian planemaker Embraer delivered 44 aircraft in the first quarter, up 47% from the same period last year, it said in a securities filing on Thursday.

Oil giants show early interest in US Gulf deepwater field stake, sources say

European energy majors TotalEnergies and Shell are among companies eyeing a majority stake in one of the U.S.

Australians cancel Easter travel as worries mount over fuel crisis

Every Easter, Sydney retiree Elsa Ucak is one of the millions of Australians

Medvedev says Russia should drop its 'tolerant attitude' towards Ukraine's EU drive

Dmitry Medvedev, deputy chairman of Russia's powerful Security Council, said on Friday that Moscow should drop its "tolerant attitude" towards Ukraine's possible EU

Hyundai Motor flags export disruptions as Middle East conflict hits shipping

Hyundai Motor said on Friday that exports to Europe and North Africa, which typically transit through the Middle East, were being disrupted

BOJ keeps rate‑hike door open even as Iran war squeezes firms

The Bank of Japan will keep raising interest rates if its economic forecasts hold, a senior central bank official said, reinforcing a tightening bias even as

Russia's services sector contracts for first time in six months, PMI shows

Russia's services sector contracted in March for the first time in six months as demand softened and new orders broadly stalled, a business survey showed on Friday.

Planning commission approves Trump's White House ballroom project

U.S.

UAE non-oil private sector growth slows to near four-year low in March, PMI shows

The United Arab Emirates' non-oil private sector activity expanded at its weakest pace in nearly four years in March as the Middle East conflict hit demand and disrupted supply

US employment growth likely rebounded in March, war casting shadow over labor market

U.S. job growth likely rebounded in March as a strike by healthcare workers ended and temperatures warmed up, but downside risks to the labor market

Microsoft to invest $10 billion in Japan for AI and cyber defence expansion

Microsoft on Friday said it will invest 1.6 trillion yen ($10 billion) in Japan between 2026 and 2029 to expand artificial intelligence infrastructure and strengthen

Inspection finds 49 violations of detention standards at largest US migrant detention camp

An inspection found 49 violations of detention standards at the largest U.S. migrant detention camp, located in El Paso, Texas, which has faced

Trump threatens to strike Iran's bridges and electric power plants

U.S.

Moscow shoppers and travellers hit by payment system problem

A problem with payment systems sowed chaos on Friday for some Russian shoppers, forcing the turnstiles on the Moscow metro to allow people to enter without payment and even

No Strait talking here

It's disappointment once again for financial markets after U.S. President Donald Trump dashed hopes for a swift end to the Iran war.

North American farmers pinch pennies on farm machinery as profitless growing season approaches

Farm machinery salespeople are wrapping up a dismal season of farm shows across North America as farmers gear up for spring planting without much

Forget democracy, Burkina Faso military leader Traore says

Burkina Faso's military leader, who seized power in a coup in September 2022, told journalists that "people need to forget about democracy" and that "

US upends global supply program for malaria and HIV amid warnings of gaps 

The U.S. is upending the way it delivers medical supplies for diseases such as HIV and malaria to lower-income countries,

US jobs report for March is stronger than expected, likely keeping Fed on sidelines

U.S. nonfarm payrolls expanded more than Wall Street anticipated last month and the jobless rate fell to 4.3%, bolstering expectations that the Federal Reserve will hold

Trump administration proposes expanding Chinese tech gear crackdown

The Federal Communications Commission on Friday proposed to ban the import of Chinese equipment from a group of manufacturers after previously

Vance to focus fraud efforts on Democratic states, Trump says

President Donald Trump on Friday said Vice President JD Vance will focus on investigating fraud in Democratic-run states in his new role as "fraud czar."

United Airlines to introduce tiered fare categories for premium cabins

United Airlines said on Friday that it plans to introduce a new tiered fare structure in premium cabins starting this year.

Zelenskiy urges lawmakers to act as Ukraine funding hangs in balance

President Volodymyr Zelenskiy called on lawmakers to pass key legislation next week to avert a funding crisis, help Ukraine fight the war against Russia, and

India's 'Mounjaro brides': weight-loss injections become part of pre-wedding preparation

Soon-to-be brides and grooms seeking shortcuts to shed pounds before the big day have become the latest consumer target for weight-loss drugs in

World food price rise set to continue if Iran war lasts, FAO says

World food prices climbed in March to their highest level since September last year and could rise further if the Middle East conflict that pushed

French-owned CMA CGM container ship passes Strait of Hormuz, data shows

A container ship belonging to French shipping group CMA CGM has passed through the Strait of Hormuz, MarineTraffic vessel tracking

Trump says US can take Strait of Hormuz with more time

President Donald Trump on Friday said the U.S. can open the Strait of Hormuz with a little more time, as pressure mounts for his administration to find a quick resolution to a war

Dem senators query gov't watchdogs over well-timed Wall Street bets

Two Democratic U.S. senators on Thursday called on Wall Street's top regulator and a Defense Department watchdog to prevent and investigate possible insider trading by

US Interior Department to reduce staff through deferred resignation, early retirement

The U.S. Department of the Interior will offer employees new opportunities to leave the agency as part of a plan to improve efficiency, it said in a statement on Thursday.

Senators urge Trump to bar Chinese automakers from building cars in US

Three Democratic senators on Friday urged President Donald Trump to bar Chinese automakers from building vehicles in the United States and to

Congo in talks with US over third-country deportations, sources say

Democratic Republic of Congo is in talks with the Trump administration about receiving deportees from other

Musk asks SpaceX IPO banks to buy Grok AI subscriptions, NYT reports

Elon Musk is requiring banks and other advisers working on SpaceX’s planned IPO to buy subscriptions to Grok, his artificial intelligence chatbot, the New York Times reported on

US judge upholds block on subpoenas to Fed's Powell, teeing up likely appeal

A U.S. judge on Friday stood by his prior decision to block subpoenas issued in a criminal investigation into Federal Reserve Chair

US labor market posts largest jobs gain in 15 months, but clouds brewing from Iran war

U.S. job growth rebounded more than expected in March as a strike by healthcare workers ended and temperatures warmed up, but downside risks for the

Highs and lows from the US jobs report

U.S. employment growth snapped back in March after a hefty decline in February, and the jobless rate declined unexpectedly to 4.3%, but economists found the headline

SpaceX delays next Starship test launch by a month, Musk says

SpaceX CEO Elon Musk said on Friday that the company's next Starship test flight will take place in May and not April as originally scheduled.

Japan turns up FX heat as volatility rises, signals readiness to act

Japanese Finance Minister Satsuki Katayama on Friday put currency traders on notice, saying the government stands ready to act against

Italy's Meloni visits Saudi Arabia, Qatar and UAE amid Gulf tensions, energy worries

Italian Prime Minister Giorgia Meloni flew to Saudi Arabia on Friday for a previously unannounced trip that will also include meetings in

LIV Golf leader says the show will go on amid reports of Saudi funding uncertainty

The CEO of LIV Golf is seeking to quell speculation about the Saudi-funded league's financial status by saying the rest of the season will go on interrupted

Japanese, French and Omani vessels cross the Strait of Hormuz

Three Omani-operated tankers, a French-owned container ship and a Japanese-owned gas carrier have crossed the Strait of Hormuz

Consumer megadeals make a rare comeback in the first quarter

Two blockbuster mergers involving U.S. food companies, struck within 24 hours, gatecrashed the ranks of the biggest global transactions of the

Stronger, broader hiring could ease Fed job market worries

Hiring that strengthened and broadened in March will likely cement the U.S.

Italy's central bank cuts growth forecasts, lifts inflation estimates in blow to PM Meloni

The Italian economy will grow by 0.6% this year and 0.5% in 2027, the country's central bank said in a report on Friday, cutting its previous estimates

IMF urges BOJ to keep raising rates even as Iran war poses new risks

The International Monetary Fund urged the Bank of Japan to continue raising interest rates, even as the Middle East war posed "significant new risks" to the

Telegram's Durov says Russia triggered payment system problem by blocking VPNs

Telegram founder Pavel Durov said on Saturday Russia's attempt to block Virtual Private Networks triggered a problem with a domestic payment system, adding that tens of

Vietnam Q1 growth slows as costlier Middle East energy tests 2026 target

Vietnam's economy slowed in the first quarter from the three months prior, data showed on Saturday, as heavy exposure to Middle Eastern oil

Stick to Easter travel, Australians told, though hundreds of petrol stations dry

Australians were urged to maintain their travel plans for Easter weekend although hundreds of petrol stations, mostly in rural areas, were without power on Saturday, as the Iran

Trump issues executive order to bolster college sports rules

U.S.

Lucid misses first-quarter vehicle delivery estimates on supplier disruptions

Lucid Group missed expectations for first-quarter vehicle deliveries on Friday, hurt by a temporary sales halt and recall tied to an unauthorized supplier change.

White House says Trump orders back pay from shutdown to all homeland security employees

U.S.

UN Hormuz vote now expected next week; China opposes authorization of force

The U.N.

US intelligence warns Iran unlikely to ease Hormuz Strait chokehold soon, sources say

Recent U.S. intelligence reports warn that Iran is unlikely to open the Strait of Hormuz any time soon because its grip

Trump proposes to begin privatizing TSA screening operations

President Donald Trump on Friday proposed to begin privatizing airport security operations handled by the Transportation Security Administration, in an effort to save

Cambodian parliament passes landmark cybercrime law after scam centre scrutiny

Cambodia's parliament on Friday passed the first law dedicated to targeting scam centres accused of bilking international victims out of billions of

Russian oil terminals under attack unable to accept shipments for second week, sources say

Russia's Baltic oil export hubs at Ust-Luga and Primorsk remain unable to handle shipments after a series of Ukrainian drone attacks, prompting the country's refineries to find

Five EU countries call for windfall tax on energy companies

Five European Union countries are calling for a windfall tax on energy companies' profits in reaction to rising fuel prices due to the Iran war, according

Slovak PM says EU should drop sanctions on Russian oil and gas to boost energy security

The European Union should end sanctions on Russian oil and gas imports, take steps to restore Druzhba oil pipeline flows and end the war in Ukraine to tackle the energy

ISS recommends vote against BP board's move to scrap some climate reporting

Influential proxy adviser Institutional Shareholder Services (ISS) has recommended a vote against the BP board's move to revoke some previous company-

Taiwan says it has assurances over LNG supplies from 'major' country

Taiwan has received supply assurances from the energy minister of a "major" liquefied natural gas-producing country, the island's economy minister said on Saturday,

India makes first Iranian oil buy in seven years with no payment problems

Indian refiners have purchased Iranian oil amid the Middle East conflict that has disrupted supplies through the Strait of Hormuz, the oil ministry said on Saturday.

Inflation in focus for markets jostled by Middle East war signals

A fresh read on inflation and initial company results next week could start to show the Middle East war's effects on the U.S. economy and corporate

Turkish policymakers defend steps; investors see rate hike possible

Turkey's central bank chief and finance minister have told investors they are confident in the steps taken to address the fallout from the

Congo says it will receive third-country deportees under new deal with US

Democratic Republic of Congo will receive third-country nationals deported from the United States under a new deal with the Trump administration, the government in

Foxconn first-quarter revenue jumps, company cautions on geopolitics

Taiwan's Foxconn, the world's largest contract electronics maker, reported a 29.7% on-year rise in first-quarter revenue on strong demand for artificial intelligence

High-stakes US special forces mission rescues airman from Iran after F-15 crash

U.S. forces staged the audacious rescue of an airman behind enemy lines after

Saudi Arabia's non-oil business activity shrinks in March amid conflict, PMI shows

Saudi Arabia's non-oil private sector activity contracted in March for the first time since August 2020, as the war in the Middle East snarled up supply chains, a business survey

War weighs on Egypt's private sector as PMI hits near two-year low in March

Egypt's non-oil private sector deteriorated at its sharpest pace in almost two years in March, as the Middle East war drove up costs and dampened client demand, a closely watched

South Korea asks Gulf nations for steady energy supply, safety of Korean vessels

South Korean Finance Minister Koo Yun-cheol met with envoys from Gulf countries to shore up energy security and the safety of Korean vessels near the Strait of Hormuz, the

Trump, Israel pressure Iran ahead of deadline as hunt goes on for missing US crew member

U.S.

Paramount in talks for Gulf backing in Warner takeover, WSJ reports

Paramount Skydance is in talks to secure signed equity commitments of almost $24 billion from three sovereign wealth funds led by Saudi Arabia to help back its takeover of Warner

Trump's trade war with China in focus ahead of May summit

U.S.

Trump proposes "historic" defense spending budget, eyes 10% cut to other federal programs

President Donald Trump on Friday requested a 10% cut in non-

Samsung Elec likely to report stupendous surge in quarterly profit to record level

Samsung Electronics, benefiting from red-hot chip prices stoked by the AI boom, is expected to book a six-fold jump in operating profit for January-March - a

Russian Baltic port resumes crude loading after attacks, Bloomberg News reports

Russia's key Baltic port of Ust-Luga resumed crude loading after days of disruptions amid multiple Ukrainian drone attacks in the region, Bloomberg News reported on Sunday.

Trump, on Easter, threatens 'hell' on Iran's infrastructure if Strait remains blocked

U.S.

Soccer-Ex-player Cuellar backs Mexico to break 'fifth-game' curse, warns of immigration hurdles

Former international Leonardo Cuellar, who wore Mexico's green jersey at the 1978 World Cup, says this is the year

Trump gives Iran until Tuesday night to open Strait of Hormuz, WSJ reports

U.S.

PepsiCo's sales jump after it cuts prices

PepsiCo’s price cuts and some new products improved demand for its snacks in the first quarter

Global equity funds draw second weekly inflow amid war de-escalation hopes

Investors bought global equity funds worth a net $15.02 billion in the March 26-April 1 period, logging a second straight week of inflows, on hopes that the U.S.-Israeli war with

North Korea distancing itself from Iran to leave door open for US talks, Seoul says

North Korea appears to be distancing itself from longtime partner Iran and carefully managing its public messaging to preserve the possibility of a new relationship with the

Ukraine, Syria agree to cooperate on security, Zelenskiy says

Ukraine and Syria pledged greater security cooperation in talks on Sunday, President Volodymyr Zelenskiy said as Kyiv seeks to promote its military expertise across the region

BOJ warns of economic hit from Middle East conflict

The Bank of Japan said surging oil costs and supply disruptions brought about by the Middle East conflict could hurt the economy, signalling caution over

Iran, U.S. receive plan to end hostilities, immediate ceasefire; source says

Iran and the United States have received a plan to end hostilities that could come into effect on Monday and reopen the Strait of Hormuz, a source aware of the proposals said on

UAE says the use of Hormuz must be guaranteed in any US-Iran deal

UAE official Anwar Gargash said any settlement of the U.S.-Iran war must guarantee access through the Strait of Hormuz, warning that a

India seen holding rates as 'Goldilocks' phase gives way to stress

India’s central bank is expected to keep interest rates on hold on Wednesday as policymakers assess the fallout from the war in Iran, which threatens the

India's services growth slows to 14-month low as Middle East war hits demand, PMI shows

India's services sector grew at its weakest pace in 14 months in March as the Middle East war dampened domestic demand, a survey showed on Monday, though overseas orders

South Korea's Lee says country must balance risk as Hormuz disruptions threaten oil supplies

South Korea must accept a degree of risk in importing crude oil from the Middle East amid blockages of the Strait of Hormuz, President Lee Jae Myung said on Monday.

Younger Hungarian voters spurn Orban, some say they will leave if he is re-elected

As Hungary heads towards a pivotal election, voters who came of age under Prime Minister Viktor Orban

US equity funds see a second successive weekly inflow

U.S. equity funds witnessed substantial inflows in the seven days to April 1 as worries over the Middle East war eased temporarily after President Donald Trump indicated that the

Kremlin says the whole Middle East is 'on fire'

The Kremlin on Monday said that the Iran war was escalating in both geography and economic impact, and that the whole Middle East region was "on fire" due to the U.S. and

Private credit sector stresses could be catastrophic, but not just yet

Some investors think private credit is a tempest in a teapot. Others think it is about to spark a new financial crisis.

Wells Fargo no longer expects Fed rate cuts in 2026 as Iran war drags on

Wells Fargo Investment Institute said on Monday it no longer expects the U.S.

Brazil's Azul appoints ex-Embraer CFO Garcia in finance reshuffle

Brazilian airline Azul said on Monday that Chief Financial Officer Alex Malfitani will step down on April 20, with Embraer's Antonio Carlos Garcia set to assume the role

Striking JBS workers to return to Colorado plant on promise of talks

Workers of the world's largest meat company, JBS, agreed to return to work at a beef plant in Greely,

Neurocrine expands into metabolic diseases with $2.9 billion Soleno buyout

Neurocrine Biosciences will acquire rare-disease drugmaker Soleno Therapeutics for $2.9 billion in cash, the companies said on Monday, marking the neuroscience-

Canada's services economy shrinks as war delays client decision-making

Canada's services economy contracted for a fifth straight month in March as uncertainty related to the war in the Middle East contributed to a decline in new business and after

Goldman Sachs' private credit fund defies sector-wide spike in redemptions

Goldman Sachs' private credit fund disclosed on Monday that investors sought to repurchase just under 5% of shares in the first quarter, setting it

S&P 500, Nasdaq open higher as investors weigh Mideast resolution hopes

The S&P 500 and the Nasdaq opened higher on Monday after the indexes marked their biggest weekly jump in four months in the last session, while investors assessed prospects of an

UPS, Teamsters reach settlement that caps driver severance offers

United Parcel Service said on Sunday that it had reached an agreement with the International Brotherhood of Teamsters to cap severance offers at 7,500 drivers after a dispute over

Pope Leo XIV delivers stark words in Cameroon

Pope Leo has strong words for "those who manipulate religion... for their own military, economic and political gain."

Russian grain ship believed sunk in Ukrainian drone attack is found and towed to shore, TASS says

MOSCOW, April 6 - A Russian ship carrying wheat that was believed to have sunk in the Sea of Azov after a Ukrainian drone attack has been found and towed to shore, while the death toll from the attack

Iran rejects ceasefire in response to proposals and emphasises need for permanent end to war, IRNA says

Iran has conveyed its response to the U.S. proposal for ending the war to Pakistan, rejecting a ceasefire and emphasizing the necessity of a permanent end to the war, the

BlackRock files for Nasdaq-100 fund, expanding competition with Invesco

BlackRock has filed for an exchange-traded fund that will track the Nasdaq-100, in a challenge to Invesco's dominance in a market where only a handful of funds directly follow the

Larry Gies' Madison Air targets $13.2 billion valuation in US IPO

Ventilation and filtration systems provider Madison Air Solutions said on Monday it was targeting a valuation of up to $13.2 billion in its U.S. initial

NY Fed says March supply chain pressures highest since start of 2023

Supply chain pressures heated up in March to levels last seen at the start of 2023, data released by the Federal Reserve Bank of New York said on Monday.

Car site Edmunds tests a Chinese SUV, says it should worry US automakers

Popular car-shopping website Edmunds put a Chinese vehicle through a series of

Hormuz closure divides the fortunes of Middle Eastern oil states

The Strait of Hormuz's closure and the resulting surge in global oil prices have handed financial windfalls to Iran, Oman and Saudi Arabia,

White House says increased productivity means Fed can cut rates

White House economic adviser Kevin Hassett told CNBC on Monday that he believes a "supply shock" in the U.S. economy caused by capital spending and higher productivity from

As renaissance fairs become big business, can they retain their counterculture roots?

To what extent has the line between playful community space and commercial spectacle been blurred?

US service sector cools in March, inflation heating up amid Iran war

U.S. services sector growth slowed in March, while prices paid by businesses for inputs increased by the most in more than 13 years, an early

Oracle hires Schneider Electric's Maxson as CFO amid AI spending boom

Oracle on Monday named Hilary Maxson as its chief financial officer, tapping an executive with deep experience in infrastructure and energy as it ramps up

Latam currencies gain as markets balance Iran escalation and ceasefire chances

Most Latin American currencies advanced on Monday, while stocks were mixed after reports of progress on a ceasefire between the U.S. and Iran helped revive risk

National Healthcare Properties moves closer to public markets with US IPO filing

National Healthcare Properties made public its paperwork for a U.S. initial public offering on Monday, the latest real estate investment trust looking to tap public markets this

ECB's Stournaras says euro zone monetary policy will depend on size of energy disruption

European Central Bank policymaker Yannis Stournaras said on Monday that the appropriate euro zone monetary policy will depend on the size and nature of energy supply

Fed's Goolsbee, Hammack say inflation is flashing 'orange,' or worse

Cleveland Federal Reserve President Beth Hammack and Chicago Fed President Austan Goolsbee both see inflation as a far bigger problem than employment, underscoring

Investors press Amazon, Microsoft and Google on water, power use in US data centers

Ukraine missile maker targets 'game changer' air defence system by 2027

Fire Point, maker of Ukraine's Flamingo cruise missile, is in talks with European companies to launch a new air defence system by next year, a senior

Nvidia acquisition of SchedMD sparks worry among AI specialists about software access

By Max A.

Venezuela's government, opposition may cooperate to safeguard US assets

Venezuela's government and its political opposition are seeking to coordinate their legal defense of the oil-rich country's United States assets, after

Oil rises in choppy trade; US, Iran rhetoric heats up

Oil prices climbed in choppy trade on Monday, as the U.S. and Iran ratcheted up their rhetoric even as the two countries are engaging in indirect talks that could lead to

US ends probe into Tesla remote driving feature after software updates

The U.S.

US-Iran talks continuing, but strikes on Saudi Arabia may derail effort, say sources

Talks between the United States and Iran were at risk of being derailed following Tehran's attacks on Saudi Arabian industrial

The Dodgers shattered MLB's spending record at $515 million in 2025, 7 times the lowest payroll

The Dodgers shattered Major League Baseball’s spending record with a combined $515 million in payroll and luxury tax last year en route to their second straight World Series title, according to final figures compiled by the commissioner’s office, and Los Angeles is projected for the highest total again in 2026

US jobless claims fall last week as layoffs remain low despite global economic uncertainty

U.S. applications for unemployment benefits fell last week, remaining in the range of the past few years even as the war in Iran continues to threaten the global economy

NY jury finds Live Nation illegally monopolized ticketing markets, Bloomberg News reports

Live Nation illegally monopolized ticketing markets, a New York federal jury found Wednesday, Bloomberg News reported.

US warns that buyers of Iranian oil could be hit with sanctions 

The United States on Wednesday threatened to sanction buyers of Iranian oil and said it believed China would pause such

IMF says Bank of Japan can see through inflationary shock from Iran war

The Bank of Japan can see through inflationary pressures from the war in the Middle East as any second-round effects on broader prices will be limited,

Norway's sovereign wealth fund has no plans to reduce US assets, finance minister tells FT

Norway's $2.1 trillion sovereign wealth fund, the world's ​largest, does not intend to shed U.S. assets despite concerns over the Middle East war and mounting U.S. debt, Finance

HVAC firm Madison Air raises $2.2 billion in US IPO

Indoor air systems provider Madison Air Solutions said on Wednesday it had raised $2.23 billion in the biggest U.S. initial public offering so far this year.

British carmakers seek clarity on 'Made in EU' rule as trade risks grow

The UK's automotive industry group SMMT said on Thursday carmakers need clarity now on whether Britain will count as 'Made in EU' in the European

Mark Mobius, 'Indiana Jones of emerging markets,' dies at 89

Mark Mobius, widely credited as a pioneer in emerging markets investing, died on Wednesday at the age of 89, according to a statement on his

Foreigners boost US Treasury holdings to record highs in February

Foreign holdings of Treasuries climbed to a record high in February, data showed on Wednesday, rising for a second month in a sign of strong

Brazil to count 39% of court-ordered debt inside 2027 fiscal target

Brazil's government will count 39.4% of court-ordered debt payments due in 2027 within its fiscal target, budget guidelines submitted to Congress on Wednesday showed,

Ukraine official expects US-Ukrainian investment fund to approve second project in summer

Ukraine's deputy economy minister said on Wednesday he expects the Ukraine-U.S. joint reconstruction fund to approve a second investment project, likely in the energy

Aerospace parts maker Arxis raises $1.13 billion in US IPO

Aerospace parts maker Arxis said on Wednesday it raised $1.13 billion in its U.S. initial public offering after pricing shares at $28 each.

Australia's jobless rate stays low in March but Iran war risks loom

Australian employment rose broadly in line with expectations in March, while the jobless rate stayed low, but a war-driven global energy shock could test the labour

China's Q1 GDP grows 5.0% y/y, tops market forecast

China's economy grew 5.0% in the first quarter from a year earlier, official data showed on Thursday, beating analysts' expectations as policymakers brace for the fallout

South Korea, Vietnam leaders to meet in Hanoi next week, sources say

Vietnam's president To Lam is set to meet his South Korean counterpart Lee Jae Myung in Hanoi next week, five people familiar with the matter said.

Elliott takes stake in Japan's Daikin, calls for higher returns

Elliott Investment Management said on Thursday it has taken a stake in Daikin and thinks the manufacturer of air conditioners should improve margins and

US Senate Republicans back Trump military sales to Israel

The U.S.

S&P Global downgrades ASX after Australian regulator finds governance, risk failures

S&P Global Ratings on Thursday lowered its issuer credit rating for the Australian Securities Exchange to "A+/A-1" from "AA-/A-1+", two weeks after a local regulator flagged

Mamdani, Hochul propose tax on New York second homes worth more than $5 million

New York State Governor Kathy Hochul proposed on Wednesday a new tax on second homes worth

Goldman Sachs rates business hit by Iran war volatility, sources say

Goldman Sachs' rates business suffered losses on some positions towards the end of the last quarter as fixed-income market volatility due to the Iran war

Pentagon approaches automakers, manufacturers to boost weapons production, WSJ reports

Senior U.S. defense officials have held talks about producing weapons and other military supplies with top executives of companies including General Motors and Ford Motor, the

Thailand central bank cuts 2026 growth, says no limits to worst-case scenarios if war continues

Thailand faces slower growth this year due to the Iran war and there are almost "no limits" to worst-case economic scenarios if the conflict continues,

Foreign investors flee Thailand as Iran war, energy shock dash hope for economic revival

Foreign investors are selling Thai assets as an energy shock from the U.S.-Israeli war on Iran threatens to snuff out hopes for

More Japanese firms say no to rate hikes as Iran war clouds outlook: Reuters poll

The number of Japanese firms that do not want the Bank of Japan to raise interest rates has risen sharply since the start of the year as the Iran war

BOJ to hike rates by June as war-fuelled inflation risks mount: Reuters poll

The Bank of Japan will raise its benchmark rate to 1.00% by end-June, with nearly two-thirds of economists in a Reuters poll predicting the move, and a

European banks can withstand current shocks, watchdog head says

European lenders are resilient enough to absorb current financial and geopolitical shocks but need to prepare for future uncertainties including

Instant View: China's Q1 growth beats forecast as economy braces for fallout from Iran war

China's economy expanded 5% in the first quarter compared with a year earlier, according to official data on Thursday, surpassing analysts' expectations even as policymakers

Japan, US agree to strengthen communication on exchange rates

Japan and the U.S. agreed to strengthen communication on exchange rates, Japanese Finance Minister Satsuki Katayama said after her meeting with U.S.

China's new home prices extend decline despite improvement in major cities

China's new home prices extended their decline in March, official data showed on Thursday, although major cities showed some

Chile's Kast unveils slew of reforms including corporate tax rate cut

Chile's new president, Jose Antonio Kast, unveiled on Wednesday details of a long-awaited reform package that includes cuts to the corporate tax rate,

US-sanctioned supertankers enter Gulf despite blockade

A second U.S.-sanctioned supertanker has entered the Gulf via the Strait of Hormuz, shipping data showed, despite a U.S. blockade on vessels visiting

Musk's staff reaches out to suppliers for Terafab project, Bloomberg News reports

Elon Musk's staff have reached out to chip industry suppliers for his Terafab AI chip complex project with SpaceX and Tesla, Bloomberg News reported on Wednesday. 

ECB must be patient, even if adverse scenario may be materialising: policymaker

The euro zone economy may be moving towards the European Central Bank's adverse scenario but policymakers need to remain patient and not rush any

Malaysia's Petronas to supply excess fuel to Australia as leaders vow closer energy ties

Malaysia Prime Minister Anwar Ibrahim said on Thursday that state energy firm Petronas would give priority to providing Australia with its excess fuel

How surging bond yields add to Europe's fiscal headaches

European bond yields have jumped during the U.S.-Israeli war on Iran, pushing up government borrowing costs and adding to the pressure on the

ECB may not have rate-hike evidence by April 30 meeting, policymaker says

The European Central Bank may not have all the data this month to determine if interest rates will have to be raised to tame an inflation surge and the June meeting

Truce trades ramp up as Trump touts Israel-Lebanon talks

A look at the day ahead in European and global markets from Gregor Stuart Hunter Global equities are setting new records and the dollar is down for a ninth consecutive day to its weakest levels since

Nepal panel to probe property, assets of politicians and officials

Nepal's new government, led by rapper-turned politician Balendra Shah, has set up a panel to investigate the property and assets of past and present

China to retain ultra-long special bond tenors this year, sources say

China's finance ministry will keep this year's ultra-long special treasury bond issuance to 20-, 30- and 50-year maturities, the same as last year, people with knowledge of the

Circle CEO sees 'tremendous opportunity' for yuan-backed stablecoin

Circle Internet Group sees  "tremendous opportunity" for yuan-backed stablecoin as digital money becomes increasingly integrated into

China's Q1 economic rebound faces rough seas as Iran war jolts global outlook

China's economy picked up speed early in 2026, riding an export surge before the Iran war sent energy costs soaring and put global

TSMC Q1 profit jumps 58% to record, beats expectations

TSMC, the world's largest contract chipmaker, posted a 58% jump in first-quarter net profit on Thursday, beating market forecasts and hitting a record, as it benefits from

Australia refinery fire worsens fuel supply crunch amid Iran war

A fire at the largest of Australia's two oil refineries has hit petrol production, company and government officials said

Danish Refugee Council warns 4 million more face displacement as aid drops

Over 4 million people are set to be newly displaced around the world by the end of next year as donors step back from providing life-saving aid, the Danish Refugee Council

Middle East war feeding uncertainty over Swiss economic outlook, SNB minutes show

Uncertainty over the economic outlook for Switzerland has risen due to the conflict in the Middle East and global developments pose the main risk for inflation, minutes of

Pernod CFO says talks with Brown-Forman are "ongoing"

Pernod Ricard's talks to merge with U.S. rival Brown-Forman are continuing, Pernod Ricard's finance chief said on Thursday.

Bank of England's Bailey says 'not going to rush' judgements on rate rises, BBC reports

The Bank of England was "not going to rush to judgements" on interest rate rises, Governor Andrew Bailey told BBC News, as global central banks contend with an energy

EQT restarts sale of contact lens maker Ginko in at least $1 billion deal, sources say

Private equity firm EQT is restarting the sale process for the mainland Chinese business of contact lens maker Ginko International, targeting a valuation of

German banks examine risks of Anthropic's Mythos with authorities

German banks and national authorities are examining risks around Anthropic's new artificial intelligence model, an official said on Thursday, amid concerns

US judge rejects Trump administration bid to block Hawaii climate lawsuit

A federal judge on Wednesday dismissed a Trump administration lawsuit seeking to stop Hawaii from suing fossil fuel companies in state court over climate change,

Dollar steady as traders weigh escalating Iran war against ceasefire hopes

The U.S. dollar was steady on Monday, while the yen flirted with the crucial 160 per dollar level, as investors took stock of the escalating Iran war, with

European shares muted with Middle East developments, corporate results in focus

European shares were little changed on Thursday as markets weighed progress toward a potential resolution to the Middle East conflict, while

Peruvian markets stumble as Castillo-backed leftist gains ground

Peruvian markets have reacted nervously as left-wing congressman Roberto Sanchez gains ground in a tight presidential race, reigniting

South Korean President Lee to make state visits to India and Vietnam

South Korean President Lee Jae Myung will make a state visit to India, the first by a South Korean leader in eight years, before heading to Vietnam, a presidential adviser

UK economy surged ahead of Iran war, but energy shock to test resilience

Britain's economy put on a burst of growth in February, suggesting it was in slightly better shape before the start of the Iran war than many economists had

Can Iran legally impose tolls on the Strait of Hormuz?

Tehran has sought to tighten its grip over the Strait of Hormuz by charging tolls on vessels to ensure safe passage, in conjunction with Iran's Islamic

Hedge funds on track for best monthly returns in over a decade, Goldman says

Hedge funds are on track for their best monthly performance in more than

Samsung asks court to block illegal strike activities by unions

Samsung Electronics asked a court on Thursday to block its South Korean labour unions engaging in illegal activities during strike, a spokesperson said, as a wage dispute

German car buyers keen on Chinese EV maker BYD in first quarter, data shows

Chinese car brands such as BYD are gaining traction among German consumers who are increasingly looking to buy electric cars amid rising

Relaxation of US day-trading rules opens door to YOLO trading, higher risk

A regulatory move allowing smaller, everyday investors to engage in more day trading

Fed leadership transition on shaky ground as clock ticks on Powell's term

The prospect of a smooth-and-on-time transition to U.S.

US ESG shareholder resolutions plunge in face of Republican pressure, report says

Shareholders have filed 184 proposals promoting environmental, social and governance themes at U.S. companies so far this proxy season, a new study found, about

US will punish fraud and insider trading, derivatives regulator tells Congress

Washington's top derivatives regulator on Thursday sought to reassure lawmakers the U.S. will punish fraud as concern mounts on Capitol Hill that

Pernod Ricard says Iran war to hit full-year sales despite Q3 pickup

Pernod Ricard warned on Thursday that full-year net sales will fall due to a decline in tourism in the Middle East amid the Iran war, even as it

Wall Street bank earnings in five charts as volatile markets take center stage

Major U.S. banks delivered a split picture this week, as Middle East-linked market volatility lifted trading in the first quarter but clouded dealmaking prospects.

Brazil's Lula assails Trump threats, says leaders should seek respect

Brazil's President Luiz Inacio Lula da Silva delivered a blunt critique of U.S.

Starlink outage hit drone tests, exposing Pentagon’s growing reliance on SpaceX

Last August, U.S. Navy officials carrying out a test of unmanned vessels realized they had hit a single point of failure: Starlink.

BNY's profit rises on strong fees, interest income growth​

BNY reported a rise in first-quarter profit on Thursday, as the world's largest custodian bank was helped by strong fee income and higher values

Google should allow third-party search engines access to data, EU says

The European Commission has proposed that Google allow third-party search engines to access its search data, including that of artificial intelligence chatbots with

Iran war brings US close to net crude exporter for first time since World War Two

The U.S. nearly turned into a net crude exporter last week for the first time since World War Two as shipments surged close to

TSMC lifts revenue forecast, pledges more capital spending to meet AI chip demand

TSMC raised its annual revenue forecast on Thursday and said it was stepping up capital spending this year as the world's

Strong ASML, TSMC forecasts signal AI spending boom is intact

Strong forecasts from ASML and TSMC this week point to another quarter of hefty spending by American cloud-computing giants as they race

Six-week roundtrip

What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets After a dreary, war-filled six weeks, global stocks are once again

Kering CEO pledges to double profit margins and revive Gucci brand​

Kering CEO Luca de Meo pledged to more than double the luxury group's operating profit margin and boost the appeal of its flagship brand Gucci

Travelers profit rises on stronger underwriting, lower catastrophe losses

Property and casualty insurance giant Travelers reported a jump in first-quarter profit, buoyed by robust underwriting gains and lower catastrophe losses than a

PepsiCo's bet on price cuts, brand refreshes pays off; flags Iran war cost risks

PepsiCo's price cuts for salty snacks in the U.S. and resilient demand for diet sodas helped it top Wall Street estimates, providing a buffer against growing

Bulgaria's pro-Russian former president leads election race on anti-graft ticket

In a grassy valley in rural southern Bulgaria, farmer Nikolay Vasiliev is desperate for change.

JPMorgan's Dimon warns Iran war may drive inflation and interest rates higher

JPMorgan Chase CEO Jamie Dimon warned on Monday that the war in Iran risks oil and commodity price shocks that could keep inflation sticky and push

US to raise Medicare Advantage payments to insurers by 2.48% in 2027, insurance stocks surge

The U.S. government said on Monday it would raise payments to private insurers offering Medicare Advantage plans to older adults in 2027 by

OpenAI urges California, Delaware to investigate Musk's 'anti-competitive behavior’

OpenAI urged the California and Delaware attorneys general to consider investigating Elon Musk and his associates' "improper and anti-competitive behavior", ahead of a trial

Brazil's free cooking gas program threatened by energy price spike ahead of election

Surging energy prices could scupper a popular Brazilian program that provides free cooking gas to around 50 million people,

Trump proposes to cut 9,400 TSA workers, $1.5 billion from budget

The White House is proposing to cut more than 9,400 workers and just over $1.5 billion from the 60,000-employee Transportation Security

Equities gain, oil settles higher as investors watch US-Iran standoff

U.S. equity indexes closed modestly higher and U.S. oil futures settled above $112 per barrel on Monday as investors

FAA proposes to hire 2,300 air traffic controllers in budget request

The Federal Aviation Administration said Monday it is proposing to hire 2,300 air traffic controller trainees as it works to address a persistent

Japan February household spending falls 1.8% year-on-year

Japanese household spending in February fell 1.8% from a year earlier, internal affairs ministry data showed on Tuesday, versus the median market forecast for a 0.7% fall.

UN expected to vote on watered-down Hormuz resolution on Tuesday

The U.N.

Air NZ hikes fares, cuts flights as fuel costs more than double on Iran war

Air New Zealand said on Tuesday it would slash flights across May and June as well as hike fares, as the Iran war disrupts global air travel and sends jet fuel costs higher.

Broadcom signs long-term deal to develop Google’s custom AI chips

Broadcom said on Monday it has signed a long-term agreement with Google to develop and supply future generations of custom artificial intelligence chips and other components for

Trump's shipping waiver does not boost oil flows within US; fuel exports soar

U.S.

Phillips 66 faces $900 million loss as Iran crisis lifts oil prices

U.S. refiner Phillips 66 said on Monday its first-quarter results were hit by a sharp increase in commodity prices, leaving it with nearly $900 million in

US crude premiums climb to record levels as Asia, Europe compete for supply

Spot premiums for U.S.

China's Xi urges faster development of new energy system as Middle East war continues

Chinese President Xi Jinping has called for accelerated planning and construction of a new energy system to safeguard the country's

Wall St ends higher as investors parse US-Iran negotiations, threats

U.S. stocks advanced on Monday as investors looked for signs of progress toward a U.S.-Iran ceasefire deal and evaluated President Donald Trump's

A breakthrough deal or a crude awakening?

A look at the day ahead in European and global markets from Ankur Banerjee: Markets are holding their collective breath as optimism over a possible deal to open the Strait of Hormuz clashes with the

Iran rejects ceasefire as Trump ramps up threats ahead of deadline

Iran said on Monday it wanted a lasting end to the war with the U.S. and Israel, and pushed back against pressure to reopen the Strait of Hormuz, while U.S.

Chinese pigs fed new menu as Beijing weans farmers off US soy

At the edge of one of the many pig farms spread across the vast, unbroken floodplains of Taizhou, a two-hour drive northwest of

China targets Taiwan's chip prowess to evade global 'containment', Taipei government says

China is targeting Taiwan to obtain its advanced chip manufacturing technology and talent as a way of breaking through international "containment" of the country, according

Vietnam's top leader To Lam consolidates power, gets China-style mandate

Vietnam's lawmakers unanimously elected Communist Party Secretary General To Lam as the country's state president for the

Democrats see a chance to win back Latino voters in southern Florida

Republicans’ longstanding support among voters of Cuban and Venezuelan descent in South Florida, a cornerstone of the party’s regional success over the

South Africa private sector returns to growth but Iran war clouds outlook, PMI shows

South Africa's private sector returned to growth in March as faster output and hiring outweighed a slump in export orders and business confidence linked to the U.S.-

Samsung flags eightfold jump in quarterly profit as AI chip demand pumps prices

Samsung Electronics on Tuesday projected its first-quarter earnings would exceed its entire profit for last year, beating expectations as

Iraq could restore oil exports to pre-war level within a week if Hormuz reopens, Basra Oil chief says

Iraq could restore crude oil exports to around 3.4 million barrels per day within a week provided the Iran war ends and the Strait of Hormuz reopens,

Spain services sector grows but costs soar, confidence weakens amid war, PMI shows

Spain's services sector expanded faster in March but demand softened, costs rose at the fastest pace in nearly three years and confidence weakened amid the war in the

LG Energy Solution flags Q1 operating loss on weak EV demand

South Korean battery maker LG Energy Solution (LGES) said on Tuesday it expects to post a first-quarter operating loss of 208 billion won ($138.16 million), as weaker demand

SpaceX lays out IPO details, targets early June roadshow, sources say

SpaceX outlined details of its highly anticipated IPO at a meeting with its team of bankers Monday night, telling them it plans to earmark a large portion of

Italy service sector contracts for first time in 16 months, survey shows

Italy's service sector contracted in March for the first time in 16 months, a business survey showed on Tuesday, as domestic and foreign demand declined and costs surged in

Vietnam's top leader To Lam wins state presidency, gets China-style mandate

Vietnam's lawmakers on Tuesday unanimously elected Communist Party Secretary General To Lam as the country's state

Kenya private sector activity shrinks for first time since August 2025

Kenya's private sector activity contracted in March for the first time since August, partly due to the war in the Middle East, with only the wholesale and retail sectors

German service sector growth slows to seven-month low, PMI shows

Business activity growth in Germany's service sector abruptly lost momentum in March as demand weakened amid fallout from the war in the Middle East, a survey showed on

Euro zone growth slows to nine-month low on surging costs, PMI shows

The euro zone's private sector expansion weakened sharply in March as the Middle East war drove up energy costs and disrupted supply chains, with overall demand - a key

Deal, delay or strike? Investors on edge as Trump's Iran deadline nears

Global markets have entered a period of heightened uncertainty ahead of a deadline set by U.S.

IEA chief: current oil and gas crisis worse than 1973, 1979, 2022 together

The current oil and gas crisis triggered by the blockade of the Strait of

France's services sector contracts in March as Middle East war hits demand, PMI shows

France's services sector contracted further in March as client spending weakened due to the war in the Middle East and caution among businesses in the run-up to last month's

Vietnam's top leader To Lam expands power, new PM elected

Vietnam's lawmakers on Tuesday unanimously elected Communist Party Secretary General To Lam as the country's state

Japan sees weakening economic momentum, early signs of war-induced pain

An index measuring the health of Japan's economy slid in February, government data showed on Tuesday, highlighting a soft spot in the economy even before it

Depressed tech valuations could offer entry point for investors, Goldman Sachs says

Technology stocks, including those from the United States, are looking cheap following a prolonged period of underperformance, creating a potential entry point for investors,

Toronto home sales snap losing streak as lower prices entice buyers

Greater Toronto Area home sales rose for the first time in six months in March in a sign that reduced prices have lured more homebuyers into the market,

UK services firms report surge in costs, fading optimism as Iran war takes toll

Businesses in Britain's services sector reported the biggest month-on-month jump in costs in March since 2021, driven by higher energy and transportation

India's RBI seen looking past muted overnight rates, avoid liquidity drain, bankers say

India's central bank is likely to allow overnight interbank rates to stay near the floor of the policy corridor for longer and refrain from draining

Middle East war means 'all roads' lead to higher prices, slower growth, IMF chief says

The war in the Middle East will lead to higher inflation and slower global growth, the head of the International Monetary Fund told Reuters on Monday,

Airline pilots must be given final say on flying in war zones, aviators' group says

Pilots must be given a "final and non-negotiable" say allowing them to refuse to fly over or within conflict zones without influence from commercial

UBS lowers 2026 S&P 500 target on Middle East conflict risks

April 7 - UBS Global Wealth Management trimmed its S&P 500 index target for 2026, pointing to sustained higher oil prices amid the ongoing Middle East conflict that could pressure U.S. economic growth

Final countdown?

What matters in U.S. and global markets today By Anna Szymanski, Editor-in-Charge, Reuters Open Interest Markets are once again held in suspense as traders count

Some firms in Saudi extend work from home ahead of Iran ultimatum

Some Western and Saudi firms in Riyadh have extended work-from-home advisories this week, five people familiar with the matter said, amid concern over a looming U.S.-imposed

Iran sets preconditions for talks on lasting peace with U.S., senior official tells Reuters

Iran has set preconditions for talks on a lasting peace with the United States, a senior official told Reuters on Tuesday, including an immediate halt to strikes, guarantees

ASML shares fall on US Congress plan to further restrict China exports

Shares of computer chip equipment maker ASML dipped on Tuesday, the first trading day after U.S. lawmakers last week proposed a law that could further restrict the

Fed's Williams says Middle East war will drive up inflation - Bloomberg

By Michael S.

Puig, Estee Lauder founding families to meet for combination talks, source says

The founding families of the Spanish firm Puig, which owns such brands as Rabanne and Nina Ricci, and U.S. cosmetics giant Estee Lauder will meet this week in New York to

Wall St opens lower ahead of Trump's Iran deadline

Wall Street's main indexes opened lower open on Tuesday as investors assessed comments from the U.S. and Iran for any clues on where the conflict was headed, before President

Deere settles US right-to-repair lawsuit with $99 million fund, repair commitments

U.S. agriculture equipment maker Deere on Monday agreed to pay $99 million into a settlement fund for farms and farmers that are part of a class action over costs and access to

Oil surges on US blockade of Iran

A look at the day ahead in European and global markets from Tom Westbrook Oil futures jumped back over $100 at the open in Asia on Monday, the dollar fell and stocks were down as U.S.-Iran talks

Novo Nordisk launches higher-dose Wegovy in the United States

Novo Nordisk said on Tuesday that it has made a higher-dose version of its blockbuster weight-loss drug Wegovy available across the United States.

Russia says Middle East war disruption opens up new trade opportunities

Global supply disruptions caused by the war in the Middle East have opened up new trade opportunities for Russia, but price stability in the domestic market remains a

Philippine central bank warns of oil spike 'spillover effects' as inflation breaches target

The Philippines’ central bank warned on Tuesday of 'spillover effects' on consumer prices from sharp oil price increases, after the

US business spending on equipment on solid ground before Iran war

New orders for key U.S.-manufactured capital goods increased more than expected in February while shipments of those products rose solidly, suggesting

Vape makers turn to 'Made in America' credentials amid Trump's tariffs, crackdown

The U.S. vaping market, long dominated by Chinese imports, is seeing an uptick of "Made in America" products, in what some analysts and industry executives

Heads of IEA, IMF, World Bank to meet next Monday to discuss energy crisis

The leaders of the International Energy Agency, the International Monetary Fund and the World Bank will discuss the energy crisis triggered by the Iran war next Monday, IEA

Lebanon heads to historic Israel talks with few hopes except to staunch bloodshed

Lebanon's President Joseph Aoun has called for historic direct talks with longtime foe Israel since war erupted a month ago - a month in

Iran has attacked Saudi Arabia's Jubail petrochemical complex, IRGC says

Iran on Tuesday attacked Saudi Arabia's Jubail petrochemical complex, the heart of the kingdom's downstream sector, its Revolutionary Guards said, the latest evidence of Tehran's

Chile's peso leads LatAm FX losses as Mideast tensions pressure regional assets

Chile's peso, the worst-performing Latin American currency since the Middle East conflict began, led losses among regional currencies on Tuesday despite the

US lawmakers press Bessent on LNG ships that are taking tax credit

A group of Democratic U.S. senators on Tuesday pressed Treasury Secretary Scott Bessent on whether enormous tankers that ship liquefied natural gas

NY Fed March survey finds jump in near-term inflation expectations 

By Michael S.

Blockbuster SpaceX listing could suck the oxygen out of fragile IPO market

As Elon Musk's SpaceX closes in on a $75 billion IPO that could rewrite record books, concerns are mounting that others looking to list in 2026 may find it harder to

Key quotes from Vance and Orban's news conference

U.S.

Hot money increasingly dominates emerging markets financing, raising risks, IMF says

Emerging market nations now get the bulk of their foreign financing from the likes of hedge funds, pension funds and insurers, leaving them vulnerable to

India weighs austerity steps, sees no immediate risk to FY27 deficit goal, sources say

India

World Bank says Nigerian economy to grow in 2026 but Iran war lifts inflation

Nigeria's economy is resilient and set to grow in the first half of 2026 despite the Iran war, the World Bank said on

Ukraine lawmakers inch forward with IMF-linked bill for strained budget

Ukraine's parliament passed one of a handful of tax laws on Tuesday as part of reforms required by the International Monetary Fund, lawmakers said, with more

European shares decline as markets turn wary ahead of Trump's Iran deadline

European shares retreated on Tuesday, led by declines in defence and healthcare stocks, as investors turned cautious ahead of U.S.

Bourbon demand is down and tariffs aren't helping. But distillers keep building

Like many whiskey distillers, Heaven Hill Brands is rolling back bourbon production this year, as demand lags.

Can Iran charge fees for ships to transit the Strait of Hormuz?

Iran wants to charge fees for ships to pass through the Strait of Hormuz as part of its proposals to end the war with Israel and the United States after blocking most traffic

USTR Greer says US-Mexico-Canada pact talks may run past July 1 deadline

The Trump administration will try to resolve as many problems with the U.S.-Mexico-Canada trade agreement as it can before July 1, but negotiations to rebalance the

Intel joins Musk's Terafab AI chip project to power humanoid, data center goals

Intel said on Tuesday it will join Elon Musk's Terafab AI chip complex project with SpaceX and Tesla to make processors powering the tech billionaire's

World Bank's Banga sees some degree of lower growth, higher inflation due to war

World Bank President Ajay Banga said on Tuesday the war in the Middle East would result in some degree of slower growth in the global economy and

Energy facilities and shipping hit during US-Israeli war on Iran

The U.S.-Israeli war on Iran and Tehran's retaliatory attacks on Gulf neighbours have damaged major energy facilities and disrupted shipping through the Strait of Hormuz, which

Fed's Williams: FOMC leadership not in question amid slow Warsh confirmation

Federal Reserve Bank of New York President John Williams said on Tuesday that U.S.

Moody's cuts outlook on US BDCs to 'negative' on redemption pressure, rising leverage

Moody's Ratings on Tuesday revised its outlook on U.S. business development companies (BDCs) to negative from stable, citing rising redemption

Pakistan seeks two-week ceasefire, extension to Trump's deadline on Iran

Pakistan, a mediator between the U.S. and Iran, on Wednesday requested that U.S.

Goolsbee says stagflationary shock of Iran war puts Fed in a bind

Chicago Federal Reserve Bank President Austan Goolsbee said on Tuesday he is worried that the Iran war will drive inflation higher even as it slows the U.S. economy, putting the

Amazon strikes deal with USPS that maintains 80% of package volume

Amazon.com on Monday announced it reached a new agreement with the U.S.

Apple's foldable iPhone faces engineering snags, potential shipment delays, Nikkei Asia reports

Apple has been encountering setbacks in the engineering test phase of its first foldable iPhone, which could lead to delays in its mass production and product shipment schedule,

Bayer US head says tariffs will not affect its 2026 forecasts

A top Bayer AG executive said on Tuesday the German drugmaking and crop science company saw no need to adjust its 2026 forecasts because of tariffs on

Health insurers rise after US lifts 2027 Medicare Advantage payment rates

Shares of U.S. health insurers climbed on Tuesday after the government set Medicare Advantage payment rates above expectations, an increase that would result in

‘Everything will fall apart’: Republicans confront how to shift midterm strategy amid Iran war

‘Everything will fall apart’: Republicans confront how to shift midterm strategy amid Iran war

PIMCO weighs $14 billion debt deal for Oracle's Michigan data center, Bloomberg News reports

Pacific Investment Management Co. is in talks with the Bank of America to help provide roughly $14 billion of debt financing to build an Oracle data center in Michigan, Bloomberg

Brent settles down on economic worries, US crude up ahead of Trump deadline for Iran

Oil prices settled mixed on Tuesday, with Brent down on worries that high energy prices could slow economic growth, while U.S. crude closed at its

US short-term credit market shows early signs of stress as Iran war persists

A prolonged war in the Middle East is starting to ripple into U.S. short-term credit markets, where subtle strains are emerging that could

Reform UK threatens to deny visas to citizens of countries demanding reparations

Nigel Farage's Reform UK said on Tuesday it was proposing to deny visas to people from countries seeking amends for transatlantic slavery, a move swiftly

Physical oil prices hit record highs near $150 a barrel as Hormuz crisis worsens

By Alex Lawler LONDON, April 7 - European and Asian refiners are paying record high prices of near $150 a barrel for some crude oil grades, far exceeding prices for paper futures, highlighting the

Dollar holds firm ahead of Trump's Iran deadline

The U.S. dollar traded close to its highest levels in almost 11 months on Tuesday with investors pausing ahead of a U.S.-imposed deadline for Iran to reopen the

Mexico's headline inflation likely sped up in March while core index declined: Reuters poll

Mexico's headline inflation likely accelerated in March for the third straight month while core inflation likely declined, a Reuters poll showed on Tuesday, backing

Taiwan's chipmaker TSMC reports 58% jump in profit, warns about Iran war impacts

Taiwan’s chipmaker TSMC has reported a 58% jump in profit for the January-March quarter thanks to strong demand driven by the artificial intelligence boom even as the Iran war was driving up costs

US transportation secretary sees room for airline mergers

U.S.

Hyundai resuming new Palisade SUV sales after finalizing fix

Hyundai Motor said on Tuesday it is lifting a halt on sales of recalled 2026 Palisade SUVs after finalizing a fix for a power seat issue that

Modi is pushing to get more women into India's Parliament. That could have other consequences

India’s Parliament has opened debate on a landmark bill to reserve one-third of seats for women, a reform that could also trigger a sweeping redrawing of electoral boundaries and heighten political tensions

Australia boosts military spending as Iran war makes global impact

Australia's defense minster says the Iran war had greatly complicated the global strategic landscape and the country is significantly increasing its military spending

China says its economy is accelerating despite Iran war turmoil – for now

China says its economy is accelerating despite Iran war turmoil – for now

Ticketmaster and Live Nation hold illegal monopolies, US jury finds

Ticketmaster and its parent company Live Nation illegally monopolized U.S. live event markets, a New York jury found on Wednesday, after a trial on the company's

Could more cattle cause record beef prices to drop? Ranchers say it's not that simple

It’s never been so expensive for Americans to buy a steak or hamburger, but cutting those costs requires ranchers to raise more cattle, and that’s not an easy ask

China's economy grows at 5% in first quarter, shrugging off initial impact of Iran war

China’s economy accelerated in the first quarter of this year, expanding 5% from a year earlier as it largely shrugged off impacts from the Iran war so far

How Trump’s repeated efforts to fire Federal Reserve Chair Powell harm the economy – and make battling inflation harder

Politicians have long coveted control over monetary policy. Good economic governance requires that they don’t get it.

The 'becoming Chinese' meme shows China's soft power moment is here

Young Western social media users are embracing a “very Chinese time” of their lives, and China’s government is keen to use this moment to boost the country’s cultural influence worldwide

Jury finds that Ticketmaster and Live Nation had an anticompetitive monopoly over big concert venues

A jury has found that concert giant Live Nation and its Ticketmaster subsidiary engaged in an anticompetitive monopoly

New York City apartment building workers authorize a possible strike as contract talks stall

Thousands of New York City apartment building doorpersons, superintendents and other workers have approved a potential strike in the coming days

Arizona utility agrees not to cut off power for nonpayment when it’s 95 degrees Fahrenheit or above

Arizona’s largest utility has agreed not to cut off electrical service to customers for nonpayment while forecasted high temperatures are 95 degrees Fahrenheit (35 degrees Celsius) or above

Pakistani delegation meets in Tehran hoping for more US-Iran talks before ceasefire ends

Pakistan’s army chief is meeting with Iranian officials for talks in Tehran in the latest diplomatic move to ease tensions in the region and arrange a second round of negotiations between the United States and Iran

White House denies U.S. requested ceasefire, says new talks may happen in Pakistan

Reports that the White House has requested a ceasefire in the Iran war are wrong, press secretary Karoline Leavitt told reporters on Wednesday but added that

White House has no opinion on potential United Airlines deal for American Airlines

The Trump administration does not have an opinion on reports that United Airlines was considering merging with rival American Airlines, White House press secretary

Iran proposes letting ships exit safely through Oman side of Hormuz, source says

Iran could let ships sail freely through the Omani side of the Strait of Hormuz without risk of attack under proposals it has offered in

Oil prices steady as Hormuz shipping constraints counter US-Iran peace hopes

Oil prices held steady on Wednesday as ongoing worries about supply disruptions offset comments by U.S.

Sovereign borrowers launch platform to amplify voice in debt talks

A group of officials from developing economies launched on Wednesday the Borrowers' Platform, an effort backed by the United Nations to give

European buyers hold talks to ship Canadian LNG via Panama Canal to diversify supply

European buyers, including Germany's Uniper, are exploring the possibility of purchasing liquefied natural gas from Canada's Pacific coast and

Fed's Musalem says oil shock likely to keep core inflation near 3%, rates on hold for some time

High oil prices are likely to keep underlying inflation nearly a percentage point above the Federal Reserve's 2% target for the rest of this year, with the U.S.

Bessent supports IMF quota revamp, wants World Bank financing for critical minerals

U.S.

Trump threatens to fire Powell if he doesn't quit Fed board; ongoing probe clouds Warsh confirmation

President Donald Trump on Wednesday threatened to fire Federal Reserve Chair Jerome Powell from his separate seat on the U.S. central bank's Board

Permian-focused EagleRock plans rare US oil and gas IPO, sources say

EagleRock, a company that collects royalties and fees from oil and gas production on the land it controls in the Permian Basin, is

Jury finds Live Nation and Ticketmaster operated as a monopoly and overcharged fans

Jury finds Live Nation and Ticketmaster operated as a monopoly and overcharged fans

World Bank launches 'Water Forward' programme to tackle global water stress

The World Bank and other top development lenders launched a new global initiative dubbed Water Forward on Wednesday, aimed at improving secure water access for a billion

US probes suspicious oil trades made before Trump Iran pivots, source says

The U.S.

Iran war puts US companies in wait-and-see mode, Fed report says

U.S. businesses and households still adjusting to the Trump administration's tariff policies also are reeling from a surge in energy prices due to the Iran war, a

Instant View: S&P 500, Nasdaq notch fresh records, casting aside war fears

U.S. stock indexes returned to new highs on Wednesday, putting fears of economic disruption driven by the war with Iran in the rearview mirror.

Ford's advanced EV-and-tech chief to leave the company 

Doug Field, a Tesla and Apple veteran who has led Ford Motor's electric-vehicle and technology efforts for nearly five years, is leaving the automaker. 

Madison Air raises $2.2 billion in US IPO

Indoor air systems provider Madison Air Solutions said on Wednesday it had raised $2.23 billion in its U.S. initial public offering.

Trading Day: S&P 500, Nasdaq nab all-time closing highs, buoyed by Middle East optimism

The S&P 500 and the Nasdaq both logged record closing highs on Wednesday as investors assessed developments in the U.S.-Iran conflict and turned their

Nasdaq sets record highs as investors return to tech stocks

The Nasdaq hit an intraday all-time high and closing record on Wednesday, its first since October, as investors returned to technology stocks, signaling a rebound in risk appetite

Nuclear reactor developer X‑Energy targets $7.5 billion valuation in US IPO

Amazon-backed X-Energy is targeting a valuation of up to $7.51 billion in its initial public offering in the United States, the nuclear reactor developer said on

Brazil central bank's caution has paid off amid rising uncertainties, director says

The approach currently adopted by Brazil's central bank of operating with caution amid rising uncertainties, which includes the U.S.-Israeli war on Iran, has paid off,

Trump-backed World Liberty Financial's early investors won’t be able to fully cash out until after Trump’s term

World Liberty Financial, the crypto venture co-founded by President Trump and his sons, released a new proposal

ECB in 'relatively favorable' policy position, Schnabel says

The European Central Bank is in a "relatively favorable" position on monetary policy after having successfully brought down inflation to 2% before the

Sazerac bids $15 billion for Jack Daniel's maker Brown-Forman, source says

U.S. spirits group Sazerac has offered to buy Brown-Forman for about $15 billion, a source familiar with the matter said on Wednesday, complicating Pernod

US optimistic of deal with Iran as it increases economic pressure

The Trump administration expressed optimism on Wednesday about reaching a deal to end the war

Popular NYC SantaCon charity fundraiser was more con than Claus, authorities say

Federal authorities say a SantaCon charity fundraiser that flooded New York City with inebriated young people in red and white Santa costumes every holiday season was a con

Iran war may boost inflation, but not expectations, per Dallas Fed research

An extended disruption of the world's oil trade from the Iran war could lift headline U.S. inflation to well over 4% by year-end, with even bigger increases possible

Banga defends World Bank's role on Trump's Board of Peace

The World Bank is seeking to play a constructive role in aiding Gaza's recovery from the two-year war between Israel and Palestinian militants in the

From falling U.S. wealth to Indian factory closures, oil shock raises global recession risk

Kevin Kelly is in a tough spot.

Panama authorizes First Quantum to process stockpiled material from shuttered copper mine

Panama's government formally approved on Tuesday for Canada's First Quantum Minerals to remove, process and export stockpiled ore at its shuttered

Trading Day: Trump's Iran deadline looms

Wall Street recovered earlier losses to end mostly flat on Tuesday, as traders awaited the deadline later in the evening that U.S.

Indian billionaire Gautam Adani will seek to dismiss US SEC fraud case

Gautam Adani, India's second richest person, will ask a U.S. judge to dismiss the Securities and Exchange Commission's civil fraud case stemming from

Gilead to buy Germany's Tubulis for up to $5 billion to boost cancer pipeline

Gilead said on Tuesday it would acquire Germany-based Tubulis GmbH for up to $5 billion, as it looks to strengthen its cancer drugs pipeline.

Inflation scars risk quickly lifting expectations; ECB must be ready to act: policymaker

Euro zone inflation expectations are at risk of rising more quickly than in the past and the European Central Bank must be ready to raise interest rates

Canada's Ivey PMI shows activity shrinking for first time in four months

Canadian economic activity contracted in March for the first time in four months as a measure of inflation pressures increased, Ivey Purchasing Managers Index (PMI) data

Fed's Jefferson sees risks to both employment, inflation

Federal Reserve Vice Chair Philip Jefferson on Tuesday reiterated his view that short-term borrowing costs are set appropriately to allow the central bank to respond

DHS says US could stop processing international travelers at some airports in 'sanctuary cities'

Homeland Security Secretary Markwayne Mullin said on Tuesday that customs officials could stop processing international travelers at

Stocks edge up, dollar falls as Trump's Iran deadline nears

Wall Street's main equity indexes managed tiny gains on Tuesday while the dollar lost ground and U.S.

UBS loses bid to limit liability for Nazi-linked crimes, US judge's ruling shows

A U.S. judge on Tuesday rejected UBS' bid to clarify a $1.25 billion settlement from 1999 of Holocaust-related litigation against Swiss banks by

Chicago jet fuel tops $5 a gallon, as refiner maintenance adds to war-related price surge

Chicago has become the most expensive U.S. jet fuel market, with prices topping $5 per gallon, as the disruptions caused by the Iran war have combined with

Brazil eyes new debt relief with federal guarantees for consumers

Brazil's government is preparing a new credit renegotiation program backed by federal guarantees to curb rising household debt, two sources with direct

Delta Air, Southwest Airlines hike checked baggage fees as jet fuel prices soar

Delta Air Lines and Southwest Airlines said on Tuesday they would raise fees for checked bags, as carriers seek to offset soaring jet fuel costs linked to escalating tensions in

Wall Street closes mixed, with signs of progress as Trump's Iran deadline draws near

U.S. stocks ended mixed on Tuesday amid signs of progress in negotiations as the minutes ticked down to President Donald Trump's

How one factory in China learned to live with Trump, tariffs and turmoil

U.S.

US SEC enforcement activity drops dramatically as agency 'resets'

Enforcement cases brought by the U.S.

Central banks' concern over rising geopolitical tensions surges, survey shows

Concerns among central banks about geopolitical tensions have surged dramatically this year and are now viewed as the top global risk, according to a new

Levi Strauss lifts annual forecasts as strong demand cushions tariff hit

Levi Strauss on Tuesday raised its annual sales and profit forecasts, banking on resilient demand for its denim across all categories and strength in its direct-

Harvard economist urges Japan PM Takaichi to respect central bank independence

Japan must respect central bank independence to prevent unwelcome rises in bond yields, former IMF chief economist Kenneth Rogoff told Prime Minister Sanae

Colombia's Petro calls for economic emergency, fresh financing law

Colombian President Gustavo Petro said on Tuesday evening that his government would submit an economic emergency decree and a new tax reform bill to Congress to balance the

Investor reactions to Trump agreeing to two-week ceasefire with Iran

U.S.

Vietnam's To Lam plans China visit next week after winning presidency, sources say

Vietnam's top leader To Lam is planning a visit to China next week to meet his counterpart Xi Jinping, three people briefed on the

Bank of Korea to hold rates at 2.50% as war-driven uncertainty persists: Reuters poll

The Bank of Korea will keep its key interest rate unchanged at 2.50% on Thursday and for the rest of the year, a Reuters poll forecast, as policymakers assess the impact

New Zealand holds rates, warns of 'decisive' move if Iran war fuels inflation

New Zealand's central bank kept its policy rate at 2.25% on Wednesday for a second meeting, buying time to assess the fallout from the

Trump says US will help with traffic buildup in Strait of Hormuz

U.S. President Donald Trump said on Wednesday the United States will help with the buildup of shipping traffic in the Strait of Hormuz. 

Islanders promo raises funds for ex-NYPD officer convicted of manslaughter, angering victim's family

The New York Islanders are facing criticism for promoting a fundraiser for a former New York City police sergeant who was convicted of manslaughter

Two weeks to breathe

A look at the day ahead in European and global markets from Ankur Banerjee A sparkling relief rally across assets will greet Europe after U.S.

Trump says US won 'total and complete victory' after ceasefire deal with Iran, AFP reports

U.S. President Donald Trump told AFP on Tuesday that the United States had won a "total and complete victory" after agreeing to a two-week ceasefire deal with Iran.

Trump agrees to two-week Iran ceasefire, drops threat to destroy 'whole civilization'

U.S.

China's Xi urges demand‑driven growth in services sector

China's President Xi Jinping has called for a demand-driven approach coupled with reform and technological empowerment to develop the service sector, the official Xinhua

Historians, watchdog group sue Trump to preserve White House records

A U.S. historians' organization and a government transparency group are suing President Donald Trump to force his administration to comply with a

Italy discovers 'silver housing' as traditional elder care buckles

As Italians live longer and traditional family care weakens, growing numbers of sprightly seniors are tempted by new

Trump's threat to Iran shocks global leaders, unnerves some Republicans

U.S.

From dropping bombs to pressuring banks: US pivots to economic warfare on Iran

The Trump administration is setting the stage to shift its war campaign toward a more economically focused effort aimed at choking Tehran into submission rather than relying on bombs alone

UK house prices dropped in March as Iran war weighed on outlook, Halifax said

British house prices slid unexpectedly last month as economic uncertainty stemming from the Iran war hurt buyer demand, mortgage lender Halifax said on Wednesday.

Benin finance minister Wadagni seeks his own mandate in election

Benin Finance Minister Romuald Wadagni is expected to make the leap from behind-the-scenes technocrat to head of state on

Stellantis in advanced talks to develop Opel EV with China's Leapmotor, sources say

Stellantis is in advanced talks with Leapmotor to jointly develop an Opel-branded electric SUV that would use the Chinese automaker's technology and be produced at

India central bank holds rates as Mideast crisis fans growth, inflation risks

The Reserve Bank of India kept its key policy rate unchanged on Wednesday while warning of lower growth and higher inflation as the Middle

Trump will pursue stability with China's Xi in May meeting, USTR Greer says

The U.S. economic and trade relationship with China is stable and President Donald Trump will aim to keep it that way in a meeting next

Spanish prime minister to make fourth trip to China in as many years

Spanish Prime Minister Pedro Sanchez will make his fourth trip to China in as many years this month, as had been widely expected, as Madrid seeks to build on its

Maersk cautious on Strait of Hormuz shipping despite US-Iran ceasefire

Maersk said on Wednesday the two-week ceasefire agreed between the U.S. and Iran could open some opportunities for vessels in the Strait of Hormuz, but did not yet

China and Russia veto UN resolution on protecting Hormuz shipping

China and Russia on Tuesday vetoed a U.N. resolution encouraging states to coordinate efforts to protect commercial shipping in the Strait of Hormuz, calling

Germany's February industrial orders up, albeit far below forecasts

German industrial orders climbed in February from a month earlier but fell far short of expectations, underscoring less-than-robust business conditions for the

Global banks scale back China rate-cut calls, see policy rate on hold this year

Major global investment banks now expect China to keep official interest rates steady this year, scaling back earlier rate-cut calls, as the impact from the Middle East

South Korea to push for the release of ships in the Strait of Hormuz

South Korea's presidential Blue House said on Wednesday that the government would do its best to ensure the country's ships can pass through the Strait of Hormuz as soon as

UK builders report biggest leap in cost inflation on record, PMI shows

British construction firms reported the biggest rise in cost inflation from one month to the next on record in March and the Iran war also hit new orders and confidence in

Soaring costs, fuel shortage fears drive Pakistan to electric motorbikes

Days after Iran effectively blocked shipping through the Strait of Hormuz following the start of U.S. and Israeli

Taiwan opposition leader pledges reconciliation at memorial for founding father in China

Taiwan opposition leader Cheng Li-wun pledged on Wednesday to channel the spirit of her party's founder Sun Yat-sen and seek