Economy

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

Major reaction to news of Iran ceasefire

The U.S. and Iran have confirmed a two-week ceasefire following mediation by Pakistan. U.S.

CK Hutchison's Panama unit to seek arbitration over Maersk ports takeover

Hong Kong-based conglomerate CK Hutchison's Panama business said it would seek arbitration over Maersk's takeover of two strategic ports near the Panama Canal, which

Ukraine renews attacks on Russian energy sites - what has been hit?

Ukraine has increased attacks on Russian energy facilities in recent weeks as peace talks have failed to make progress.

Fed minutes of March meeting could flesh out how policymakers view war risks to economy

U.S.

France plans 36 billion euro boost to rearmament, nuclear deterrent expansion

France plans to add a further 36 billion euros ($39 billion) to its defence spending between now and 2030 under an updated military planning law that expands

Peru election: Who are the leading presidential contenders?

Peruvians will go to the polls on April 12 to elect a new president and members of Congress, following years of political upheaval, impeachments and corruption scandals that

US mortgage rates edge down to 6.51%, MBA says

The interest rate on the most popular U.S. home loan ticked down last week for the first time since the start of the Iran war, but not enough to rejuvenate a housing market that's

Grab to lean on scale, AI to navigate rising fuel costs, CEO says

Southeast Asia's top ride-hailing and delivery firm Grab believes artificial intelligence-led products and services will

Big relief rally, for now

(Corrects error in byline field) April 8 - A look at the day ahead in U.S. and global markets from Alun John Markets exhaled on Wednesday after news of a two-week ceasefire between the U.S. and Iran,

Volatility-linked funds put March US stock selling spree in the rearview mirror

The heaviest stock selling by volatility-linked funds appears to have largely run its course last month, potentially setting up U.S. indexes for

Sport-Women's elite sports revenues to reach $3 billion in 2026, Deloitte says

Global revenues in women's elite sports will reach at least $3 billion for the first time in 2026, marking an increase of 25% compared to last year, Deloitte said in a report on

Italy rules out sending ships to patrol Hormuz Strait without U.N. mandate

Italy will not send any ships to help police the Hormuz Strait area following a ceasefire between the United States and Iran unless it is authorised by the

Indian billionaire Gautam Adani to seek dismissal of US SEC fraud case by April 30

Adani Green Energy on Wednesday said group chair Gautam Adani and his nephew Sagar Adani plan to seek dismissal of a civil suit stemming from an alleged bribery scheme filed by the

Turkish intelligence played a role securing U.S.-Iran ceasefire, media says

Turkey’s intelligence agency played a key role in diplomatic efforts leading to a two-week ceasefire between the United States and Iran, Turkish media reported on Wednesday

Ackman's UMG bid sees analysts split on Bolloré's next move

Market analysts are split over whether Universal Music Group's top stakeholders will support billionaire Bill Ackman's Pershing Square

Shell flags lower gas output, capital outflow amid Iran conflict but sees oil trading boost

Shell said on Wednesday that weaker first-quarter gas output and a hit to short-term liquidity would be offset partly by stronger oil

Developing countries in Europe, Central Asia face slowdown, World Bank says

Emerging and developing economies in Europe and Central Asia face a sharp slowdown this year under a scenario of a large but temporary rise in energy prices from the

World Bank expects stronger exports to lift Western Balkans growth to average 3.1% in 2026-27

Economic growth for six Western Balkans countries is projected to increase to 3.1% on average in 2026 and 2027 on stronger exports and public investment after a slowdown

World Bank says South Asia growth to slow to 6.3% in 2026 amid Middle East conflict

South Asia's growth is expected to slow to 6.3% in 2026 from 7.0% in 2025 as the conflict in the Middle-East and disruptions in global energy markets

Wars impose deep and prolonged economic costs on countries, IMF research finds

Wars cause large and persistent economic losses in countries where fighting takes place, with output declining by roughly 7% over five years on average

Levi Strauss shares rise as pricey denim sales smooth over tariff hit

Levi Strauss' shares jumped about 10% on Wednesday as investors cheered its strongest quarterly revenue growth in nearly four years, with confidence growing in

Iran's shattered economy means any success in war may be fleeting

Iranian authorities see the truce with the United States and Israel as a strategic victory, but they emerge battered and isolated with an

Wall Street opens higher after US-Iran ceasefire

Wall Street's main indexes opened higher on Wednesday after the U.S. and Iran agreed to a two-week ceasefire, sending crude prices lower on expectations that energy supplies

Moody's cuts Blue Owl fund's outlook on surging redemption requests

Moody's Ratings cut its outlook on a $36-billion Blue Owl non-traded fund to "negative" from "stable" on Tuesday, citing redemption requests that were significantly higher than at

Automakers did not strongly seek aluminium tariff relief, White House official says

Ford Motor and other U.S. automakers have not made a strong request for relief from aluminium tariffs despite supply disruptions caused by fires at a key supplier, a White House

Asian stocks exodus fuels largest emerging market outflows since 2020, IIF data shows

Foreign investors pulled $70.3 billion from emerging market assets in March, the biggest outflow since the pandemic rout in March 2020, data from a global

Samsung Electronics' shareholder Shinhan Bank launches $2.1 billion share sale - term sheet

Samsung Electronics shareholder Shinhan Bank launched a sale of about $2.1 billion worth of shares in the South Korean company,

How the math works on a $1.75 trillion SpaceX valuation

Elon Musk’s SpaceX is seeking a $1.75 trillion valuation in its forthcoming initial public offering.

Trump says US will work closely with Iran, discuss sanctions

The United States will work closely with Iran and the two countries are discussing tariff and sanctions relief, U.S.

Brazil government to propose bill cutting working hours this week, says Lula

Brazilian President Luiz Inacio Lula da Silva said on Wednesday that the government will submit a bill to Congress this week aimed at reducing working hours.

TikTok to build a second billion-euro data centre in Finland

TikTok plans to invest 1 billion euros ($1.16 billion) to build a second data centre in Finland in less than a year as

'A lot of work to do' to reopen Strait of Hormuz, UK's Starmer says on Gulf trip

British Prime Minister Keir Starmer said on Wednesday there was still a lot of work to do to reopen the Strait of Hormuz following the U.S.-Iran ceasefire, speaking during

Aerospace parts maker Arxis targets $11.2 billion valuation in US IPO

Arxis is targeting a valuation of up to $11.2 billion in its U.S. initial public offering, the aerospace components maker said on Wednesday

General Motors recalls over 270,000 cars in US over rearview camera issue

General Motors is recalling 271,770 cars in the U.S. over an issue with the rearview camera, the U.S. National Highway Traffic Safety Administration (NHTSA) said on Wednesday. 

Exxon signals lower Q1 profit despite higher oil, gas revenue from Iran war price spikes

Exxon Mobil signaled on Wednesday that first quarter earnings could decline from the previous quarter, with an expected multi-billion dollar hit related to

The new Trump trades: how investors are navigating Iran shocks 

Investors are piecing together a new "Trump trade" playbook for navigating market

Japan business mood slumps, bankruptcies seen rising as Iran war lifts costs

The Japanese business mood worsened in March to levels not seen since the start of the Ukraine war in 2022, a government survey showed, a sign surging oil

Hungarian minister offered to send Russia EU document in leaked audio

Hungary's foreign minister offered to send his Russian counterpart a document about Ukraine's European Union accession, leaked recordings purported to show on Wednesday, in the

Global energy stocks plunge as US-Iran ceasefire hits oil

U.S. and European energy stocks slid on Wednesday, as a ceasefire to the Middle East conflict punctured the hefty war premium built into

Wealthy nations slashed development aid in 2025 for second year in row, debt group says

By Colleen Goko JOHANNESBURG, April 8 (Retuers) - Wealthy nations slashed their development aid in 2025, probably by record-breaking amounts, a debt group said, ahead of data set to be released on

Why the bond market won't bounce back to pre-war levels

Global bond markets may rebound after the U.S.-Iran truce but are unlikely to fully recover from the war-driven selloff because, even

US carmakers say proposed EU rules could block large pickup trucks from Europe

U.S. carmakers say rules under consideration by Brussels could keep full-size pickup trucks including the Ford F-150, the Chevy Silverado and the

FedEx trucking spinoff targets 2026 operating margin of 12%

FedEx Freight, the trucking company separating from the overnight delivery firm this summer, is expected to report an operating margin of 12%

Trump says US-Iran talks will be behind closed doors

U.S.

Protests over high fuel costs clog Dublin, other Irish cities for second day

Protesters calling for further government help to lower the cost of fuel clogged up busy thoroughfares and motorways with parked

Bangladesh seeks more fuel from India as neighbours repair ties

Bangladesh on Wednesday sought to increase fuel purchases from India, as foreign minister Khalilur Rahman made the new government's first ministerial visit to New

Citigroup says AI helps speed account openings and systems upgrades

Citigroup is using artificial intelligence to speed up account openings and the retirement of old software, the U.S. bank's head of technology, Tim

US bank profits to rise on deals, but Iran war fuels outlook uncertainty

Large U.S. banks are set to post higher quarterly earnings on strong interest income and investment banking fees, analyst estimates show, though investors will

IMF, World Bank and UN food agency say war is increasing food prices, insecurity

The World Bank, International Monetary Fund and the U.N.

Lufthansa cabin crew union calls one-day strike in Germany

Lufthansa faces a one-day strike this week, the airline's third labor disruption in two months.

Shippers seek clarity on Hormuz passage as Iran issues fresh warnings

Shippers on Wednesday said they needed more clarity on the terms of the U.S.-Iran ceasefire before resuming transit through the

Ex-Rio Tinto CEO's deep-sea mining firm to merge with Odyssey in $1 billion deal

A deep-sea mining firm led by former Rio Tinto CEO Tom Albanese will merge with Odyssey Marine Exploration in a $1 billion all-stock deal aimed at building one

Delta hits brakes on growth plans as fuel spike reshapes airline economics

Delta Air Lines on Wednesday pulled all planned capacity growth for the current quarter and forecast profit below Wall Street

Trump pushes for Strait of Hormuz reopening without tolls, White House says

President Donald Trump wants to see the Strait of Hormuz open up for oil tankers and other traffic without any limitations, including tolls, White

Traders place large $950 million bet on oil price falling hours ahead of ceasefire

Investors placed an approximately $950 million bet on oil prices falling just hours before the U.S. and Iran announced a

US SEC taps Gibson Dunn attorney to be new enforcement director

The U.S.

UN envoy in Iran to support 'durable' end to conflict

U.N.

Panama asks China for respect after ship detentions tied to ports ruling

Panama's top diplomat on Wednesday said a rise in inspections and detentions of Panama-flagged vessels in China stemmed from a

US pump prices to stay elevated despite US-Iran ceasefire deal, market observers say

U.S. consumers will continue to pay high prices to fill up their vehicles or purchase airplane tickets through the peak summer travel season, several

Fed's Daly says US economic fundamentals in a 'good place'

San Francisco Federal Reserve President Mary Daly on Wednesday said the U.S. economy is fundamentally in a "good place" despite sharply higher oil prices from the

Berkshire-owned PacifiCorp utility wins ruling that could reduce Oregon wildfire damages

An appeals court on Wednesday ruled in favor of Berkshire Hathaway's PacifiCorp unit over a series of Oregon wildfires in 2020, saying a trial judge erred in

Paraguay president taps Oscar Lovera as economy minister

Paraguay's President Santiago Pena on Wednesday appointed Oscar Lovera as the South American nation's new economy and finance minister, the government said in a statement

Canada's Carney on verge of majority government after another opposition member joins ruling Liberals

A Canadian opposition legislator defected to the ruling Liberal Party on Wednesday, leaving Prime Minister Mark Carney on the verge of a

Wall Street hits a record as S&P 500 continues its 2-week rally on hopes for an end to the Iran war

U.S. stocks have hit a record following their big rally over the last two weeks

Meta unveils first AI model from costly superintelligence team

Meta Platforms on Wednesday unveiled Muse Spark, the first artificial intelligence model from a costly team it assembled last year to catch up with

Dollar falls as US-Iran ceasefire sparks relief rally for risk assets

The dollar sank to its lowest level in a month against a basket of major currencies on Wednesday after the U.S. and Iran agreed to a two-week ceasefire

US banks could release $320 billion in capital with new draft rules, analysts say

Big U.S. banks may be able to release up to $320 billion in capital under revised draft rules unveiled by regulators last month, Morgan Stanley

Italy’s Serie A soccer league sounds out private equity for stake in overseas media unit, sources say

Italy’s Serie A soccer league has sounded out private equity investor interest for a minority stake in its international media

Indiana suspends gas tax for 30 days amid rising prices

Indiana on Wednesday became the second U.S. state to suspend its gas tax amid the ongoing U.S.-Israeli conflict with Iran. 

Southwest to fly wine for free in rare perk as airline fees rise

Southwest Airlines will fly wine for free from parts of the U.S.

Fed rate cut bets revived, a bit, by Iran war ceasefire

Federal Reserve policymakers may consider cutting interest rates later this year now that an agreement for a two-week ceasefire in the Iran conflict has eased

Mexico Senate confirms North America diplomat Velasco as foreign minister

Mexico's Senate confirmed Roberto Velasco, the current undersecretary for North America, to be the new foreign ministry, assuming the role at a pivotal

Fed minutes show growing openness to rate hikes at March meeting

A growing group of Federal Reserve policymakers felt last month that interest rate hikes might be needed to counter inflation that continued to

Stocks surge, oil dives below $100 as Iran ceasefire sparks relief rally

Oil futures sank below $100 a barrel while equity and bond prices rallied sharply on Wednesday after the United States

Trading Day: Markets gorge on huge TACO

World markets soared on Wednesday and oil had its biggest fall in five years, as investors gave a hearty welcome to the ceasefire in the Iran

Caterpillar CFO Andrew Bonfield to retire, names company veteran as successor

Caterpillar said on Wednesday that finance chief Andrew Bonfield will retire in October, and named company veteran Kyle Epley as his successor.

S&P and Nasdaq hit record highs, continuing remarkable recovery from war shock

S&P and Nasdaq hit record highs, continuing remarkable recovery from war shock

Allbirds, a former Wall Street darling fallen on hard times, looks to AI for its future

Allbirds, the eco-friendly shoe brand that was once a Wall Street darling and found its way onto the feet of tech CEOs and movie stars, is pivoting to artificial intelligence

European shares pull back as fragile US-Iran truce weighs on sentiment

European shares retreated on Thursday, after their strongest rally in over four years, as investors remained wary about a fragile U.S.-Iran

Senate committee delays Fed nominee's hearing, Punchbowl reports

The U.S. Senate Banking Committee is no longer planning to hold a confirmation hearing for Kevin Warsh, U.S.

US team heads to Iran talks in Pakistan with low expectations

A U.S. team led by Vice President JD Vance left for Islamabad on Friday for weekend talks with Iran, even as both sides accused each

What are the main talking points at the US-Iran negotiations in Pakistan?

Top U.S. and Iranian officials gathered in the Pakistani capital Islamabad on Saturday to hold talks that seek to end their war https://www.reuters.com/world/iran/ in the Middle

Oil tankers steer clear of Hormuz ahead of US blockade

Two Iranian-linked tankers exited the Gulf on Monday as other vessels began avoiding the Strait of Hormuz after the U.S. said

EU's von der Leyen compares Orban defeat to Hungary's anti-Soviet uprising

April 13 - EU Commission President Ursula von der Leyen hailed Hungary's election https://www.reuters.com/world/hungary/elections/ as "a victory for fundamental freedoms", and compared the ousting of

China's vice commerce minister meets Ford executive, urges deeper market presence

China's Vice Commerce Minister Li Chenggang met a senior Ford executive in Beijing this week, urging the U.S. automaker to deepen its presence in the Chinese market,

Victory Giant's $2.2 billion Hong Kong listing seen pricing at top on demand, sources say

China's Victory Giant is expected to price its Hong Kong share offering at the top of a range at HK$209.88 per share, raising HK$17.5 billion ($2.2

Back to business

What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets Global stock markets are largely back near pre-war levels and Wall

Netflix to refocus on ads, content after failed Warner Bros bid

Investors will look for Netflix to emphasize content spending and ad business growth as key drivers when it reports quarterly earnings

Las Vegas business owners, drivers lament ongoing impact of high gas prices

Las Vegas business owners, drivers lament ongoing impact of high gas prices

Carmakers navigating the costly and tricky transition to battery storage systems

Carmakers and battery companies facing a weak U.S. market for electric vehicles are scrambling to repurpose battery factories

Trump's budget director defends White House plan for massive boost in military spending

President Donald Trump’s budget director is telling Congress that it'll take a massive upfront investment to ramp up U.S. weapons production and build more ships, planes and drones

Japan offers $10 billion support to help Asian neighbours secure oil

Japan said on Wednesday it would establish a financial framework worth about $10 billion to help Asian countries procure energy

Dollar sheds bulk of Iran war premium, but few expect a sharper drop

The U.S. dollar has given back most of the gains sparked by the Iran war, as a tentative ceasefire revived appetite for riskier currencies, but

Investors size up landmark new chapter for Hungary post-Orban

Investors are banking on a positive new chapter for Hungary as incoming Prime Minister Peter Magyar insists there is no time to waste following his

Silver faces sixth year of deficit with stock drawdown raising squeeze risks, research shows

The silver market is heading for a sixth year of structural deficit, with 762 million troy ounces drawn from stocks since 2021, raising the risk of a renewed liquidity

Trump backs government AI safeguards in banking system, acknowledges risks

U.S.

US Treasury asks private credit firms for data, Punchbowl News reports

The U.S.

China's Xi calls for strategic clarity, political security with Vietnam

China and Vietnam should maintain high strategic clarity and prioritise political security, Chinese President Xi Jinping told his

Robots, drones could slash global food delivery costs to $1 per order, Barclays says

Autonomous food delivery robots and drones could cut costs by several dollars to as low as $1 per order, a shift that could unlock billions of dollars in profits for

Tigers and rookie Kevin McGonigle agree to an $150 million, 8-year contract starting in 2027

Detroit Tigers rookie Kevin McGonigle has agreed to a $150 million, eight-year contract starting in 2027

Recruiter Robert Walters posts smaller fee drop as hiring improves

Recruitment firm Robert Walters on Wednesday posted a narrower drop in first-quarter net fees following double-digit quarterly declines for nearly three years,

Economic growth will be slower this quarter amid war, US Treasury chief says

U.S.

Australia to raise defence spending to 3% of GDP by 2033

Australia on Wednesday said it would raise defence spending to 3% of gross domestic product by 2033 from about 2% currently, in response to the most "

Rattled by Trump, US allies eye Japan's biggest arms opening since WW2

Japan's

Volkswagen's China boss warns of fierce competition in slowing market

Volkswagen is bracing for even tougher competition in China, where the world's largest car

India's trade deficit shrinks in March as US export surge offsets Mideast hit

India's merchandise trade deficit unexpectedly narrowed in March as a surge in exports to the U.S. helped cushion the impact of the

Regional Fed banks may be key front in battle for central bank's independence

San Francisco Federal Reserve President Mary Daly wasn't elected by popular vote, wasn't chosen by an elected official

Bank of America beats profit estimates as trading, investment banking shine

Bank of America beat estimates for first-quarter profit, as heightened market volatility pushed revenue from equities trading to a

Trump administration ends lease for consumer protection bureau's headquarters, records show

The U.S.

Fed's Hammack: Rates likely on hold 'for a good while' - CNBC

By Michael S.

Wall Street opens higher with earnings in focus

Wall Street's main indexes opened higher on Wednesday as investors assessed the latest developments in the Middle East and a raft of corporate earnings, while awaiting remarks

BYD shuns price war in South Africa to build EV brand

Chinese electric vehicle maker BYD is deliberately avoiding a price war in South Africa as competition ramps up in the continent's second biggest

PIMCO's investment chief doesn't see systemic risk from private credit

The private credit market does not pose a systemic risk to the wider financial system, bond giant PIMCO's group chief investment officer Daniel Ivascyn

US home builder sentiment drops to seven-month low in April, NAHB survey says

U.S. homebuilder sentiment deteriorated in April, hitting a seven-month low as the war with Iran led to higher prices for materials and mortgage rates as well as

UN development chief says $6 billion investment could save 32 million people from war-induced poverty

Investing just $6 billion into targeted cash payments or energy subsidies to offset energy prices sent soaring by the war in the

Snap to cut 1,000 jobs after activist pressure, bets on AI efficiency

Snap will lay off about 1,000 employees, including 16% of full-time staff, the company said on Wednesday, becoming the latest tech firm to shift toward leaner

American Eagle rallies again after launching second Sydney Sweeney campaign

American Eagle Outfitters shares jumped on Wednesday after the denim retailer unveiled a second campaign with "Euphoria" star Sydney Sweeney, a year after a viral and

US can't wait forever to bring down fiscal deficits, IMF says

The United States needs to reduce its fiscal deficit by about four percentage points of GDP from the current level of 7% and needs a robust, credible plan to do so,

Nutella maker Ferrero says it is undergoing EU inspections amid antitrust investigation

Nutella maker Ferrero said on Wednesday it is aware that European Commission officials are currently carrying out on-site inspections at its offices, following reports that

Pizza chains Papa John's and Pizza Hut edge closer to finding new owners, sources say

Two of America's most popular national pizza chains are edging closer to selling to new owners as stiff competition,

Standard Life strikes $2.7 billion deal to buy Aegon's UK arm

Standard Life has agreed to buy Dutch rival Aegon's UK business for 2 billion pounds ($2.7 billion), the companies said on Wednesday,

Jane Street signs $6 billion AI cloud deal with CoreWeave, boosts stake

Trading firm Jane Street has committed about $6 billion for CoreWeave's cloud services, marking the third major deal for the Nvidia-backed cloud company in a week and underscoring

Why is Sudan at war, and what is the impact?

The war in Sudan entered its fourth year on April 15 overshadowed by other regional and global turmoil, despite having created what the United Nations calls the world's worst

Allbirds shares jump over 400% on plans to pivot to AI from sneakers

Shares of Allbirds surged more than five-fold on Wednesday after the footwear maker said it was raising capital and pivoting towards AI computing infrastructure.

Germany is not taking part in the Iran war, but it is feeling its effects, Finance Minister says

Although Germany is not involved in the Iran war, the country is feeling its economic impact directly, German Finance Minister Lars Klingbeil said

Robinhood, Webull jump after US SEC approves removal of day-trading limit for smaller investors

Shares of retail trading platforms Robinhood and Webull surged on Wednesday after the U.S.

Big ad agencies settle US FTC probe into alleged boycott over political content

Three large advertising agencies settled a U.S.

S&P 500, Nasdaq push to closing records on optimism around Middle East talks, earnings 

On Wall Street, the benchmark S&P 500 and tech-heavy Nasdaq Composite rallied to record closing highs on Wednesday as investors were encouraged

US import prices increase below expectations; sharp rise anticipated due to Iran war

U.S. import prices increased less than expected in March, though the trend still pointed to firming imported inflationary pressures as the Middle

Leftist Sanchez in line for Peru runoff as vote count goes down to the wire

Leftist Peruvian congressman Roberto Sanchez shifted into second place in a presidential vote tally heading down to

Europe facing jet fuel crunch sees record inflows from US, Nigeria

Europe is seeing record inflows of jet fuel from the United States and Nigeria, data from Kpler and LSEG showed, as it seeks to shore up supplies due to

Bessent says he is optimistic Warsh will be Fed chair 'on time'

U.S.

Colombia court orders Petro government to return emergency funds

Colombia's Constitutional Court ordered President Gustavo Petro's government on Wednesday to return funds collected during an economic emergency that was declared

Morgan Stanley's profit beats estimates on record trading revenue, dealmaking boost

Morgan Stanley beat Wall Street expectations for first-quarter profit on Wednesday, as the investment bank benefited from a surge in

Dollar drifts as investors gauge odds for renewed US-Iran peace talks

The U.S. dollar edged lower on Wednesday and was fluctuating narrowly on either side of unchanged throughout the day as investors assessed the

UBS vows to fight for business model as Swiss capital debate heats up

UBS Chairman Colm Kelleher warned on Wednesday that proposed Swiss capital requirements threatened its business model and would do little to

Tax enforcement weakened after Trump job cuts, IRS data shows

The Trump administration dramatically reduced efforts to pursue tax cheats in 2025, government data shows, shedding tens of thousands of employees at

Wall Street still betting on 2026 deal boom, but Middle East unrest adds caution

Wall Street's biggest banks still expect 2026 to be a strong year for dealmaking, although turmoil in the Middle East

L3Harris announces $1.27 billion expansion project at Virginia site

L3Harris Technologies and Virginia Governor Abigail Spanberger said on Wednesday the defense supplier will invest $1.27 billion to further the solid rocket motor production

ECB policymakers see little evidence for now for April hike, sources say

European Central Bank policymakers are wary about raising interest rates as soon as this month as they have yet to see firm evidence that an energy-

Arizona town facing water issues as city implements severe restrictions

Arizona town facing water issues as city implements severe restrictions

Stocks hit records, oil steadies as Trump says Iran war 'close to over'

Wall Street's stock benchmark S&P 500 and tech-heavy Nasdaq closed at record highs as hopes for a cooling of U.S.-Iran tensions and strong earnings

Walmart redesigns its 'Great Value' private label brand

Walmart said on Wednesday it is redesigning its private-label brand "Great Value" as price-conscious shoppers increasingly opt for cheaper store-brand products.

PNC Financial raises annual interest income forecast after strong first-quarter loan growth

U.S. bank PNC Financial raised its annual interest income forecast on Wednesday after recording better-than-expected loan growth in the first quarter, as

Netherlands to spend nearly $300 million euros on drones for Ukraine

The Netherlands will spend 248 million euros ($293 million) on producing drones for Ukraine, Dutch Defence Minister Dilan Yesilgoz-Zegerius said on Wednesday.

Israel inflation eases to 1.9% but unlikely to entice rate cut amid Iran conflict

Israel's annual inflation rate moved back below 2% in March but the decline will likely have little impact on near-term interest rate decisions due to

Argentina reaches IMF staff deal, opening door to $1 billion in fresh funds

Argentina reached a staff-level agreement with the International Monetary Fund on the second review of its $20 billion program, the IMF said on Wednesday,

Two Sigma, D.E. Shaw join Wall Street push against US SEC's bid to relax quarterly reporting

Two Sigma Investments and D.E.

IMF chief says 12 or more countries seeking loans to cope with Middle East war energy shock

The International Monetary Fund expects at least a dozen countries to seek new loan programs to cope with surging energy prices and

Thailand yet to decide on whether it will lift internal debt ceiling - Finance Minister

Thailand has not yet decided whether it will increase its internal ceiling on a key debt ratio, Finance Minister Ekniti Nitithanprapas said on Wednesday.

S&P 500 closes at fresh record, recovering all losses since start of US-Iran war

The S&P 500 closed at a new record high Wednesday, its first since the U.S.-Iran conflict began, as hopes of a de-escalation in the war and robust earnings expectations drew

Morgan Stanley eyes capital relief as lobbying push pays off

Morgan Stanley's capital requirements will remain flat or fall modestly under an overhaul of the U.S. capital regime, its Chief Financial Officer

IMF cautions countries against broad fuel subsidies to deal with war-driven energy shock

The war in the Middle East has intensified strains on an already fragile global fiscal situation, with higher interest rates and rising energy prices

Finance ministers, stung by hit to economies, call for full Iran war ceasefire

Finance ministers from almost a dozen countries led by Britain called on the U.S., Israel and Iran to implement their ceasefire in full on

Ukraine's Zelenskyy pursues more arms deals with allies to defend itself against Russia

Ukrainian President Volodymyr Zelenskyy says his country's top priority is securing help to buy and build more air defense systems

OpenAI will reserve portion of IPO shares for retail investors, CFO tells CNBC

OpenAI plans to reserve a portion of its shares from an initial public offering for individual investors, CFO Sarah Friar told CNBC on Wednesday, as the ChatGPT maker gears up for

Walmart is repackaging its Great Value brand to reflect changing consumer habits

Walmart is redesigning the packaging of its Great Value products to make them more appealing to customers and to help shoppers spot nutritional information more quickly

Oil tumbles below $100 after Trump announces two-week ceasefire

Oil plummeted on Wednesday, falling below $100 a barrel, on hope of the Strait of Hormuz reopening after U.S.

Prosecutors sought access to Federal Reserve building as Trump threatens to fire Powell

Federal prosecutors made an unannounced visit this week to a construction site at Federal Reserve headquarters that is the focus of an investigation into a $2.5 billion renovation project, according to two people familiar with the visit

World Bank trims Latin America growth estimate for 2026

The World Bank trimmed its estimate for economic growth in Latin America and the Caribbean for 2026, citing the region's long-standing structural

UK investment industry calls for clearer risk rules to encourage everyday investors

Britain’s financial regulator must amend rules governing how investment-risk warnings are presented or retail investors will continue to

Greek PM says tolls for ships to cross Hormuz would be unacceptable, a risk to freedom of navigation

Greek Prime Minister Kyriakos Mitsotakis said on Wednesday it would be unacceptable for ships to have to pay a fee to cross the Strait of Hormuz as Iran has suggested, and

US court declines to block Pentagon's Anthropic blacklisting for now

A Washington, D.C., federal appeals court on Wednesday declined to block the Pentagon's national security blacklisting of AI company Anthropic for now, a

Venezuela's Rodriguez announces 'responsible increase' to wages from May

Venezuela's Acting President Delcy Rodriguez said on Wednesday her government will make a "responsible increase" to workers' income on May 1, as her administration looks to

Disney plans to cut 1,000 jobs, WSJ reports

Walt Disney is planning to cut as many as 1,000 positions in the coming weeks, many of which will be made in the company's marketing department, the Wall Street Journal reported on

Wall Street ends sharply higher on US-Iran ceasefire

U.S. stocks closed sharply higher on Wednesday after a last-minute, two-week ceasefire agreement between the United States and Iran

BofA's trading desk avoided a single daily loss in Q1 amid market turmoil

Recent market volatility, partly due to the War in Iran, continues to boost Wall Street profits

Trump administration cannot nix legal status of 5,000 Ethiopians, US judge rules

A federal judge on Wednesday halted a move by U.S.

Foreign investors pour $18.65 billion into Japanese stocks on return after three weeks

Japanese stocks witnessed a huge influx of foreign funds in the week through April 4, a turnaround from three successive weeks of selling, with investor sentiment stabilizing ahead

Trump's abrupt Iran reversal exposes limits of his leverage

Donald Trump's dramatic climbdown from his chilling threat to wipe out Iran's civilization has exposed the limits

Singapore expected to tighten monetary policy as energy crisis fans inflation

Singapore is poised to tighten monetary policy at a review next week, with the Middle East war driving up energy prices, stoking inflation and darkening

BHP's incoming CEO met with Chinalco boss in China this week

BHP Group's incoming CEO, Brandon Craig, met with the chairman of Chinalco in Beijing this week and discussed further cooperation, the Chinese aluminium giant said on

Lawyer says guards beat and pepper-sprayed detainees at Florida's 'Alligator Alcatraz'

A lawyer says guards severely beat and pepper-sprayed detainees at a state-run immigration detention center known as “Alligator Alcatraz” in the Florida Everglades

UK to call for toll-free Strait of Hormuz, wants Lebanon in ceasefire deal

British Foreign Secretary Yvette Cooper will say on Thursday that shipping through the Strait of Hormuz, which carries around a fifth of the world's oil and gas, must be toll-free,

BOJ chief says Japan's financial conditions remain accommodative

Bank of Japan Governor Kazuo Ueda said on Thursday real interest rates are clearly negative and keeping the country's financial conditions accommodative.

Goldman Sachs lowers second-quarter 2026 oil price forecasts

Goldman Sachs trimmed its second‑quarter 2026 forecasts for Brent and U.S. crude to $90 and $87 a barrel, respectively, late on Wednesday, after the U.S. and Iran agreed on a two-

German exports rise more than expected in February

BERLIN, April 9 - German exports rose more than expected in February, increasing by 3.6% compared with the previous month, data from the federal statistics office showed on Thursday.

There's a Gulf between market hopes and reality

A look at the day ahead in European and global markets from Wayne Cole. It's the day after and reality is intruding into market hopes of peace and prosperity in the Middle East.

China's March bank lending seen surging on post-holiday rebound: Reuters poll

Chinese banks likely extended significantly more new loans in March than in February, according to a Reuters poll on Thursday, driven by improved

STOXX 600 logs best day in over 4 years as Iran truce fuels relief rally (April 8)

(Corrects headline and paragraph 2 in news item dated April 8 to say STOXX 600 posts biggest one-day gain in more than four years, not in a year.)

As ties warm, Vietnam's top leader schedules China visit

Vietnam's top leader To Lam will visit China next week, Chinese state news agency Xinhua said on Thursday, as ties between the two nations continue to warm.

It's Tax Day. Treasury says 53 million filers used new Trump tax breaks before the deadline

The tax filing deadline for most Americans is Wednesday, and President Donald Trump's administration is highlighting the impacts of Republicans' massive tax and spending law

Seven & i delays listing of North America business

Seven & i Holdings said on Thursday it has pushed back the timing of the listing of its North American operations to the financial year starting April 2027 or later, rather

German industrial output fall points to weak quarter, economists say

German industrial production fell unexpectedly in February, with economists saying the weakness pointed to disappointing first quarter for Europe's

Millions vote as India begins series of state elections

Millions of Indians queued to vote in local elections in two states on Thursday, kicking off four key contests this month amid a war in the Middle East that has

Lucky Strike maker BAT brings back former executive to fill CFO role

British American Tobacco named Dragos Constantinescu as its chief financial officer on Thursday, bringing back a former executive who had spent 16 years at the tobacco giant before

Glencore, Taiwan refiner book tankers to load Middle East oil after ceasefire

Commodities trader Glencore and Taiwan's state refiner CPC have chartered a tanker each to load Middle Eastern crude

Italy says EU should consider pausing budget rules if Iran crisis persists

European Union authorities should consider a temporary suspension of budget deficit rules if the U.S.-Israeli war against Iran flares up again, Prime Minister Giorgia Meloni

Japan's consumer mood worsens as Iran war clouds chance for April rate hike

Japan's consumer confidence worsened in March at a pace unseen since the COVID-19 pandemic in 2020, a government survey showed, swelling the toll on a

China hopes 'relevant parties' can grasp chance at peace in Iran war

China's foreign ministry said it hoped the "relevant parties can grasp this chance at peace and bring the region back to stability as soon as possible" after the U.S. and

Relief rally hits pause

A look at the day ahead in U.S. and global markets by Amanda Cooper Wednesday’s relief rally looked fragile heading into Thursday, as the recently agreed two‑week

Mercedes Q1 sales down in tough 'transition year' for China business

Mercedes-Benz reported a sales slump at the start of 2026 as the tough Chinese market continued to pressure the German premium carmaker during an overhaul of its model

India to grow at 6.6% in FY27, says World Bank; risks from West Asia crisis persist

India's expected economic growth of 6.6% for fiscal 2027 could face significant risks as the Iran war fans inflation

As Trump claims victory, Iran emerges bruised but powerful with leverage over Hormuz

Nearly six weeks of war in Iran have ended, for now, with President Donald Trump claiming victory, but the U.S.-Iran ceasefire locks in a harsh reality: an

Italy working to restore freedom of navigation in Hormuz, Meloni says

Italian Prime Minister Giorgia Meloni said on Thursday that restoring freedom of navigation in the Strait of Hormuz was of vital interest

Trump threatens 50% tariffs on countries supplying Iran with weapons

U.S.

US container imports down 1% in March, Descartes says

U.S. container import volumes fell 1.1% in March from last year, supply chain technology provider Descartes Systems Group said on Thursday.

China's car exports accelerate despite disruption from Mideast crisis

Car exports, an increasingly important source of growth for China's hyper-competitive auto sector, picked up pace in March despite shipment disruptions from the crisis in

Italy pledges emergency funds to reopen rail, motorway after landslide on key Adriatic corridor

Italy's government moved on Thursday to limit disruption from a major landslide that cut rail and motorway links along a key north-south transport corridor, declaring a state

Dubai’s DAE and Blackstone launch $1.6 billion annual aircraft leasing programme

Dubai Aerospace Enterprise and Blackstone Credit and Insurance have agreed to launch a joint aircraft leasing investment programme targeting annual deployment

Tesla is developing a new smaller, cheaper EV, sources say

Tesla is developing an all-new smaller, cheaper electric SUV, four people familiar with the matter told Reuters.

Gulf states eye cheap Ukrainian interceptor drone as Iranian attacks drain missile stocks

Gulf states including Saudi Arabia and the UAE are exploring a $2,500 Ukrainian-designed interceptor drone as a cheaper way to counter Iranian

Airline and travel industries see no immediate relief from Iran ceasefire

U.S.

IMF strikes staff-level deal with Sri Lanka on $700 million in funding

The International Monetary Fund reached a staff-level pact with Sri Lanka, which will unlock financing of about $700 million once approved, the lender said on

Over 1 million Sudanese refugees in Chad face drastic aid cuts, UN says

More than a million Sudanese refugees face drastic cuts in life-saving aid such as food and water unless donors fill a funding shortfall of over $400 million,

Uniqlo-owner Fast Retailing flags record year after strong quarter

The Japanese owner of clothing brand Uniqlo raised its full-year forecast on Thursday, flagging another record year, as international growth produced a

Iran war doubles Russia's main oil revenue to $9 billion in April, Reuters calculations show

Russia will see revenue from its biggest single oil tax double to $9 billion in April due to the oil and gas crisis triggered by the U.S. and Israeli attack on Iran,

Arm CEO Haas in line to lead much of parent SoftBank's international business, FT reports

Rene Haas, the CEO of chip designer Arm, is in line to lead much of parent SoftBank's international business while keeping his current role at Arm, the Financial Times reported on

Constellation Brands posts smaller‑than‑expected quarterly sales drop on steady Mexican beer demand

Corona beer maker Constellation Brands posted a smaller-than-expected drop in fourth-quarter sales on

US property purchases in Spain rise as Americans seek high-end homes

Home purchases in Spain by U.S. citizens rose 3% last year, even as total foreign purchases dipped, with real estate agents citing concerns over President

WHO says vaccinations save millions in Africa, but US aid cuts and Iran war threaten progress

The World Health Organization says vaccination programs across Africa have saved more than 50 million lives over the past five decades, but progress is slowing in some countries

Wall St futures little changed after inflation data

U.S. stock index futures were little changed on Thursday as investors assessed an in-line inflation reading and its impact on the Federal Reserve's monetary policy path.

Japan watchdog checks banks' private credit exposure amid global strains, source says

Japan's financial regulator has been conducting checks on private credit exposure at major financial institutions, a source told Reuters

Mitsui O.S.K. awaits safety clarity, government guidance to move vessels from the Gulf, CEO says

Japan's Mitsui O.S.K.

OpenAI projects $2.5 billion in ad revenue this year, $100 billion by 2030, Axios reports

ChatGPT maker OpenAI expects to generate $2.5 billion in advertising revenue this year, with projections to reach $100 billion by 2030, Axios reported on Thursday, citing a source

Kia delays launch of software-focused cars, unveils big hike to investment plans

South Korea's Kia Corp said on Thursday it had delayed plans to build "software-defined vehicles" by about one year to 2028, and announced a

Brazil to release $1.37 billion from severance fund for 10 million workers, O Globo reports

Brazil's government will release 7 billion reais ($1.37 billion) from the workers' severance fund FTGS to benefit around 10 million workers, news outlet O Globo reported

BlackBerry forecasts upbeat quarterly revenue, says turnaround complete

BlackBerry on Thursday forecast first-quarter revenue above estimates, as the Canadian software company's turnaround gains traction on the back of strong demand

Polestar CEO talks up used-car market as higher fuel prices spur shift to cheaper EVs

Polestar CEO Michael Lohscheller said on Thursday used-car sales were exceeding those of new vehicles, as a jump in gasoline and diesel prices

After criticizing the pope, Trump slams Italy's Meloni over lack of support for Iran war

Italian Premier Giorgia Meloni's relationship with U.S. President Donald Trump appears strained

BBC will cut up to 2,000 jobs to reduce costs by about 10%

The BBC plans to cut up to 2,000 jobs to save 10% of its annual budget

‘Textbook blasphemy’: Notre Dame students surprised and dismayed by Trump’s feud with Pope Leo

‘Textbook blasphemy’: Notre Dame students surprised and dismayed by Trump’s feud with Pope Leo

White House confident Warsh will lead Fed in May

White House economic adviser Kevin Hassett said on Thursday that he was confident Kevin Warsh would start as Federal Reserve chairman in May and that he did not expect

Wall St opens muted over fragile Mideast truce; inflation data parsed

Wall Street's main indexes opened muted on Thursday after rallying in the previous session, as cracks emerged in the fragile Middle East ceasefire, while investors parsed through

US fourth-quarter GDP growth revised lower to a 0.5% rate

U.S. economic growth slowed more than previously estimated in the fourth quarter amid downgrades to business investment, including inventory accumulation, but corporate

Chevron sees Iran war oil boost, warns hedging to weigh

Chevron said on Thursday it expected first-quarter upstream earnings to rise between $1.6 billion and $2.2 billion from the previous quarter, fueled by higher oil

US faces demand to restore $350 million in federal funding to help power Puerto Rico

Nearly 200 organizations are urging the Trump administration and Puerto Rico’s governor to restore $350 million in federal funding that was meant to finance the installation of rooftop solar and battery systems for 12,000 low-income families across the U.S. territory

Chinese foreign minister visits Pyongyang to advance relations

Beijing stands ready to work with North Korea to further improve ties, Chinese Foreign Minister Wang Yi told his North Korean counterpart on Thursday during a visit to

Patients scramble to find estrogen patches as shortage worsens after US FDA champions use

A surge in demand since last year for estrogen patches to ease menopause symptoms has strained supplies and led to shortages, sparking a scramble

Drone maker AEVEX eyes $2.35 billion valuation in US IPO

Drone maker AEVEX said on Thursday it was targeting a valuation of up to $2.35 billion in its U.S. initial public offering, the latest defense firm looking

Whitestone REIT to be taken private by Ares in $1.7 billion deal

Whitestone REIT will be acquired by funds managed by Ares Management Corp in an all-cash deal, valuing the U.S. shopping center owner at about $1.7 billion, the

FedEx reaches tentative wage deal with pilots after years of talks

FedEx and a union representing more than 5,000 of its pilots reached a tentative deal on Wednesday, paving the way for wages increases after years of negotiations.

US wholesale inventories post biggest increase in 13 months

U.S. wholesale inventories increased by the most in 13 months in February, boosted by sharp rises in the stocks of professional and electrical equipment, government

Kremlin says Russia has right to defend itself from 'piracy' after report of warship escort near UK

The Kremlin said on Thursday that Russia had the right to defend itself from what it called piracy after a British newspaper reported that a Russian navy frigate had

UniCredit says control of Commerzbank would trigger bid for Poland's mBank

UniCredit said acquiring control of Commerzbank would obligate it to bid for the roughly 30% of Poland's mBank that Commerzbank does not already own,

US FAA proposes fining American, Southwest over alleged drug, alcohol violations

The U.S.

Cash-strapped US Postal Service suspends contributions to pension plan

The U.S.

Brazilian court removes BYD from list of firms linked to forced labor

A Brazilian court has issued an injunction removing Chinese automaker BYD from a government list of firms accused of employing workers in slavery-

Brazil eyes strict budget curbs and tax‑break limits in 2027, Mello says

Brazil will keep trimming its budget this year despite elections and will likely turn in 2027 to an unprecedented use of stricter

Meta, CoreWeave deepen AI cloud partnership with fresh $21 billion deal

Meta Platforms is deepening its CoreWeave partnership with a fresh $21 billion deal for additional cloud computing capacity, as it rushes to catch up with rivals

Allbirds shares soar on a very 2026 pivot to AI

Allbirds shares soar on a very 2026 pivot to AI

VW to stop making its top electric vehicle in the US 

Volkswagen said on Thursday it will end production of the ID.4 electric SUV out of its Tennessee plant this month, citing a challenging time for the U.S.

Iranian delegation to reach Islamabad Thursday, Iran's ambassador to Pakistan says

An Iranian delegation will arrive in Pakistani capital Islamabad on Thursday night for talks to resolve conflict with the U.S. and Israel, Iran's ambassador to Pakistan

Hungary's election could end Orban era and reshape its place in Europe

Viktor Orban, uniquely endorsed by both U.S.

Airbus delivers 60 aircrafts in March

Airbus delivered 60 aircrafts in March, bringing first-quarter deliveries to 114 jets, down 16% from the same point last year, the European planemaker said on Thursday.

Olympics-LA28 opens Olympic ticket sales globally after strong local presale

Ticket sales for the 2028 Los Angeles Olympics opened globally on Thursday after what organizers said was a record-setting first week of local presales,

US fertility rates drop to record low in 2025 as births fall

The U.S. fertility rate hit a record low last year, extending a nearly two-decade decline, provisional data from the Centers for Disease Control and Prevention

US software stocks slump on renewed AI disruption jitters

U.S. software shares tumbled on Thursday as fears over disruptions from advances in AI returned to the forefront following a recent update

Amazon CEO reveals AI revenue, dismisses spending doubts in annual letter

Amazon's AI services at its cloud-computing unit are generating annualized revenue of more than $15 billion, CEO Andy Jassy said, the first time the company

North American pension funds stick with private credit bets

Several big North American pension systems are standing by their private credit holdings even as the sector faces choppy waters, a sign of both the

IMF's Georgieva expects war to trigger demand for up to $50 billion in Fund support

International Monetary Fund chief Kristalina Georgieva on Thursday said the global lender expected near-term demand for IMF financial support to rise

Italy sees slower GDP growth due to high energy costs, economy minister says

Italy is preparing to cut its GDP growth estimates to factor in the negative impact of rising energy prices, Economy Minister Giancarlo

US spirits maker Sazerac explores deal with Jack Daniel's owner, WSJ reports

Privately held U.S.-based alcoholic beverage maker Sazerac is exploring a deal with Jack Daniel's maker Brown-Forman, the Wall Street Journal reported on Thursday, citing people

Amazon to stock Lilly's new weight-loss pill at US kiosks, offer same-day delivery

Amazon.com said on Thursday its pharmacy unit will stock Eli Lilly's new weight-loss pill at kiosks located at some of the company's primary care clinics

Central banks must balance energy inflation with demand softening, IMF's Georgieva says

Central bankers must be prepared to tighten monetary policy to avoid an inflationary spiral if war-driven energy price shocks are

American Airlines set to resume US flights to Venezuela as soon as April 30

American Airlines said on Thursday it aims to resume flights to Venezuela as soon as April 30 after winning approval from the U.S.

Carlyle's private credit flagship fund latest target of investor exodus

Investors have asked to pull more than 15% of their assets from Carlyle's flagship private credit interval fund, the group said in a

US ETF assets under management to more than double to $25 trillion by 2030, Citigroup says

Assets under management for U.S. exchange-traded funds could more than double to $25 trillion by the end of this decade, Citigroup said on Thursday, as

IMF's Georgieva says finalizing quota review would ensure 'scary' lending firepower

The International Monetary Fund needs to complete the 16th quota review approved in 2023 to ensure that it has "scary" financial

Iran war raises demand for US fuel, boosting Gulf Coast refining margins

U.S.

Mexico inflation spikes in March, fueling debate within divided central bank

A rift within Mexico's central bank over the future of interest rates was thrown into sharp relief on Thursday, as new

US spirits maker Sazerac explores deal with Jack Daniel's owner, source says

Privately held U.S. drinks maker Sazerac is exploring a deal for Brown‑Forman, according to a source familiar with the matter, potentially emerging as a

WrestleMania is back in Las Vegas after a big showing last year

As WWE gears up for WrestleMania this weekend, the biggest annual event for the professional wrestling organization, data shows that its appearance in Las Vegas last year had an economic impact worth hundreds of millions of dollars

Tesla's lower-cost EV plan seen boosting volume, risking margins

Tesla investors said the company's plan to develop a smaller, lower-cost EV, which was reported exclusively by Reuters, might boost volumes and address slowing

Bessent urges Congress to pass crypto regulation bill

U.S.

Russian special envoy Dmitriev in US, meeting Trump administration members, sources say

Russian President Vladimir Putin's special envoy Kirill Dmitriev is currently in the U.S. and is meeting members of U.S.

Paramount seals debt commitments backing Warner Bros deal

Paramount Skydance has syndicated its bridge loan facility and secured permanent financing from a group of banks for its planned $111 billion acquisition

McKinsey to contribute $125 million to Purdue bankruptcy over opioid sales advice

Consulting firm McKinsey & Co has agreed to contribute $125 million to Purdue Pharma's bankruptcy settlement, resolving potential legal claims over

White House says it warned staff against market bets amid Iran war

The White House warned staff against improperly leveraging their positions to place bets in futures markets in an email on March 24, a day after President Donald Trump ordered a

Dollar struggles to rebound as fragile US-Iran ceasefire keeps markets wary

A fragile calm reigned across currency markets on Thursday as traders kept their eyes fixed on whether the ceasefire between the U.S. and Iran would hold,

Panama president seeks to calm China tensions

Panamanian President Jose Raul Mulino on Thursday sought to calm tensions with China, striking a conciliatory tone a day after his foreign minister

US Postal Service seeks to hike stamp prices to 82 cents

The cash-strapped U.S.

US Treasury yield forecasts creep up, but strategists cling to benign inflation view: Reuters poll

U.S.

Oil pares gains to close up 1% as Israel plans peace talks with Lebanon

Oil prices closed up 1% but settled below $100 for the second straight session on Thursday in volatile trading as a fragile Middle East ceasefire held

Equities turn around on renewed Middle East hopes, oil pares gains 

MSCI's global equities gauge gained modestly on Thursday while the dollar lost ground and oil's rally narrowed, after Israel sought

SiFive raises $400 million from Atreides, Nvidia for data-center chip technology 

American Airlines, Alaska Air hike checked baggage fees amid soaring fuel prices

American Airlines and Alaska Air said on Thursday they are hiking checked baggage fees, as carriers seek to pass on soaring jet fuel costs linked to escalating tensions in the

OpenAI pauses UK data centre project over regulation, costs

ChatGPT-maker OpenAI is pausing its main data centre project in Britain over an unfavourable regulatory environment and high energy costs, dealing a blow to the

USTR's Greer sees no changes in data rules that bar Chinese vehicles from US

U.S.

CarMax settles with activist Starboard with two new board appointments

CarMax said on Thursday it would add Bill Cobb and Jim Kessler to its board in connection with its 2026 annual shareholder meeting, after activist investor Starboard Value pushed

StubHub to pay $10 million to settle FTC ticket price case

StubHub Holdings on Thursday agreed to pay $10 million to settle U.S.

Trading Day: Ceasefire sends stocks higher

U.S. stocks rallied on Thursday, with the S&P 500 and Nasdaq clocking their seventh daily gain, as investors shrugged off a rise in oil prices

US-Iran ceasefire: what we know

Here is what we know following Tuesday evening's dramatic reversal by U.S. President Donald Trump of his threats to attack Iran's civilian infrastructure. 

USA Rare Earth considers building French magnet plant

USA Rare Earth is considering building a magnet plant in France, its CEO said on Thursday, after agreeing to pay 40 million euros ($47 million) for a stake

Trump says Iran should not charge fees to tankers going through Strait of Hormuz

President Donald Trump said on Thursday Iran should not charge fees to tankers going through the Strait of Hormuz, which has been blockaded since the

How a retired cranberry bog helped change the game for wetland restoration

The largest restored wetlands in Massachusetts now cover hundreds of acres of what used to be cranberry farms

World Bank could mobilize at least $20 billion in post-war support, Bloomberg news reports

The World Bank Group could mobilize $20 billion to $25 billion in rapid financing to countries grappling with the economic fallout of the war in Iran, Bloomberg News reported on

Wall Street ends higher as Middle East peace talks lift sentiment

U.S. stocks advanced on Thursday, as ongoing negotiations toward a peaceful resolution to the six-week Middle East conflict helped ease

Israel seeks Lebanon talks after bombardments threaten Iran truce

Israeli Prime Minister Benjamin Netanyahu said on Thursday he is seeking direct talks

Fitch cuts FS KKR Capital rating to junk territory as asset quality weakens

Fitch Ratings on Thursday downgraded its rating on a private credit fund jointly run by Future Standard and KKR to junk territory, citing continued deterioration in its asset

Banker's payments to big names in Brasilia stoke election tensions

A Brazilian banker arrested last month on fraud allegations had paid millions to powerful figures across the political spectrum,

Venezuela approves mining law to encourage foreign investment

Venezuela's ruling party-controlled National Assembly on Thursday approved a mining law expected to open the sector to private and

US PCE inflation picks up in February; consumer spending solid

U.S. inflation increased as expected in February and likely rose further in March amid the war with Iran, a trend that is expected to discourage the Federal Reserve

SpaceX posted nearly $5 billion loss in 2025, The Information reports

Elon Musk's IPO-bound SpaceX posted a loss of nearly $5 billion in 2025 on revenue of more than $18.5 billion, The Information reported on Thursday, citing sources.

South Korean central bank stands pat as Middle East war fuels inflation, growth risks

South Korea's central bank kept its policy interest rate steady on Friday, maintaining a cautious stance as the conflict in Iran threatens to heat up domestic inflation and

US Republicans block bid to rein in Trump Iran war powers

U.S.

Ecuador raises tariffs on Colombia to 100% from 50% as tensions escalate

Ecuador's government on Thursday said it was raising tariffs on imports from its larger neighbor Colombia to 100% from a prior level of 50%,

Trump says he’ll fire Powell next month if he stays in his role at the Fed

Trump says he’ll fire Powell next month if he stays in his role at the Fed

UK's Starmer says Iran conflict shows Britain must take a new path

Prime Minister Keir Starmer on Thursday said the Iran war must become a turning point for Britain after two decades of crises, and he promised to

Russian diplomat: Moscow will not abandon Cuba, help with energy

Russia will never abandon or betray Cuba and plans to help the Communist island tackle energy issues linked to a U.S. embargo, a Russian deputy foreign minister was quoted as

BOJ will set policy with eye on scale, length of Iran war shock, deputy governor says

Bank of Japan Deputy Governor Ryozo Himino said on Friday the central bank will guide monetary policy with an eye on the scale and length of the economic shock caused by

China sees first producer inflation in over three years

China's factory-gate prices in March turned positive for the first time in more than three years, official data showed on Friday, pointing to rising import cost pressures

Japan rules out major domestic risks from private credit for now

Japanese Finance Minister Satsuki Katayama said on Friday private credit does not pose a major issue domestically at present but noted risks linked to

Japan wholesale inflation jumps, BOJ vows vigilance to stagflation risk

Japanese wholesale inflation jumped in March and the central bank's deputy governor called for vigilance to the risk of stagflation, highlighting mounting

Apple to shutter its first unionized US store in Maryland

Apple said on Thursday that it will shut down its retail store in Towson, Maryland, the first of its U.S. locations where retail employees successfully unionized in 2022.

Asia Pacific faces weaker growth and higher inflation from Middle East crisis, ADB warns  

Growth in developing Asia and the Pacific is expected to slow this year as the conflict in the Middle East disrupts trade and energy markets, the Asian Development Bank

Pakistan's high-stakes Iran peace bid is fraught with risk

Pakistan is under huge pressure to pull off what some diplomats regard as mission impossible: broker a peace deal between Iran and the

South Korea holds rates steady as Iran war fans inflation, growth risks

South Korea's central bank kept its policy interest rate steady on Friday and warned of a highly uncertain path ahead as a broadening conflict

Saudi Arabia says attacks cut oil output and East-West Pipeline flow

Attacks on Saudi energy facilities have cut the kingdom's oil production capacity by around 600,000 barrels per day and

US Justice Department opens probe into NFL over anticompetitive practices, source says

The U.S.

'That is not the agreement we have!'

A look at the day ahead in European and global markets from Gregor Stuart Hunter The U.S.-Iran ceasefire agreed this week looks increasingly strained as Israeli attacks on Lebanon brought retaliation

China's factories snap years-long deflation spell on Iran war price shock

China's factory-gate prices rose for the first time in more than three years in March, in an early sign that the war in Iran is feeding cost pressures into the world’s

German inflation confirmed at 2.8% in March

German inflation accelerated to 2.8% in March, according to federal statistics office data released on Friday, confirming preliminary figures.

Ukraine faces months of diplomatic and military pressure, Zelenskiy says

President Volodymyr Zelenskiy said the spring and summer months would be difficult for Ukraine as it would face pressure on the battlefield and also

Chinese foreign minister tells North Korean minister Pyongyang is making strides despite US 'oppression'

China's Foreign Minister Wang Yi said North Korea has made remarkable accomplishments despite conspiracies by the United States and Western forces to oppress and isolate

Myanmar's new president sees challenges ahead, eyes ASEAN detente

Myanmar's new President Min Aung Hlaing said on Friday his government has many challenges to overcome and seeks to improve the country's international standing, including

Polls - please ignore, test test test test

Voters in Hungary could deliver a boon to bond investors, while Peru's weekend

Thailand will introduce support measures to ease impact of high oil prices, minister says 

Thailand's government will approve a package of support measures to mitigate the impact of higher oil prices, the finance minister said on Friday, but he warned that the

Eyes on Islamabad

It's all about the Iran war once again, with weekend ceasefire talks being the main event, but the coming days will also give early indications of the fallout for big companies

Taiwan sees only warships and warplanes as China talks peace with opposition

Taiwanese officials are tracking what they view as a worrying rise in Chinese naval activity and military pressure against the island, even

Australia, Singapore leaders pledge closer energy ties to tackle global supply shock

Australian Prime Minister Anthony Albanese held talks in Singapore on Friday with counterpart Lawrence Wong, in which they vowed

TSMC's first-quarter revenue surges as AI interest propels sales beyond market forecasts

TSMC, the world's largest contract chipmaker, on Friday reported a 35% surge in first-quarter

Daimler Truck Q1 unit sales decline on weak North America demand

Daimler Truck, one of the world's largest truckmakers, on Friday reported a 9% decline in first-quarter group unit sales, weighed down by a sharp slowdown in North America.

EU and US near critical minerals deal to combat Chinese control, Bloomberg News reports

The European Union and Washington are closing in on an agreement to coordinate on producing and securing critical minerals, Bloomberg News reported on Friday. 

US consumer inflation expected to have surged in March amid Iran war

U.S. consumer prices likely recorded their biggest increase in nearly four years in March as the war with Iran boosted oil prices and the pass-

US labor market holds steady; inflation firmer before Iran war

New applications for U.S. unemployment benefits increased moderately last week, showing no signs of labor market deterioration and potentially giving

Apple leads smartphone market even as overall shipments decline, Counterpoint says

IPhone-maker Apple led global smartphone shipments in the first quarter of 2026, growing 5% year-on-year, even as overall shipments fell due to a shortage of memory components,

Porsche deliveries tumble further in first quarter

Porsche AG's deliveries slumped further in the first three months of 2026, with sharp declines in key markets China and the United States, as loses its shine across.

Shippers weigh unusual routes as high air cargo rates, ocean gridlock persist

Some shippers caught between high jet fuel prices and congestion in vital Middle East waterways are now looking for

US pushes to renew ties with Peru ahead of uncertain election

As Peru heads into the first round of its presidential election on Sunday, Washington is mounting its most assertive push in years to

Sodexo cuts 2026 targets as new CEO gears to tackle long-standing issues

French food caterer Sodexo slashed its annual sales and profitability targets on Friday, citing execution challenges and its management's review of contracts and

Warburg Pincus, Munich Re arm team up to invest in Europe's defence sector

U.S. private equity firm Warburg Pincus has launched an investment platform focused on Europe's defence and security sector, with MEAG, the asset manager of reinsurer Munich Re,

Indonesia's Prabowo calls for criminal charges against firms resisting forest crackdown

Indonesian President Prabowo Subianto ordered prosecutors on Friday to file criminal charges against companies that refuse to cooperate with a task force he launched to

Back from the brink?

By Anna Szymanski April 10 -   Everything Mike Dolan and the ROI team are excited to read, watch and listen to over the weekend. From the Editor Hello Morning Bid readers!

Kremlin says Putin envoy's US visit does not mean Ukraine talks have resumed

The Kremlin said on Friday that a visit to the United States by Russian President Vladimir Putin's special investment envoy did not mean that negotiations on a possible

World Food Programme warns Lebanon facing food security crisis due to Iran war

Lebanon is facing a food security crisis due to Israel's offensive against militant group Hezbollah, which has disrupted supplies of goods and pushed

Global equity fund inflows surge on Middle East ceasefire boost

Global equity fund inflows nearly doubled in the week through April 8 as a two-week Middle East ceasefire raised hopes of a resumption of shipments through the Strait of Hormuz.

Snap unit to use Qualcomm chips for upcoming AI smart glasses

Specs, the Snap smart glasses unit formed early this year, will use Qualcomm chips for its upcoming devices under a multi-year deal announced on Friday, marking its first major

U.S. equity fund inflows surge on optimism over Mideast ceasefire

U.S. investors ramped up purchases of equity funds in the week to April 8, as hopes for a two-week Middle East ceasefire boosted expectations for a reopening of the Strait of

Ukraine, Russia move towards potential peace deal, Bloomberg reports

Ukraine and Russia are moving towards a potential deal to end the war, Bloomberg News reported on Friday, citing the top aide to Ukrainian President Volodymyr Zelenskiy.

Fed's Daly says oil shock means getting inflation down takes longer

San Francisco Federal Reserve President Mary Daly said the U.S. economy is fundamentally solid, the labor market has steadied, and monetary policy is in a "good

Lithium bulls set to gatecrash Chile's copper party

Chile is set to break with precedent and open its annual global copper gathering next week with a day of panels devoted

USTR: China involvement in Iran would complicate matters

U.S.

Lufthansa strike disrupts tens of thousands of passengers as City Airlines secures pay deal

Tens of thousands of passengers faced travel disruption across Germany on Friday as cabin crew at Lufthansa and its regional unit Lufthansa CityLine staged a day-long

Wall St futures gain after March inflation data

U.S. stock index futures gained slightly on Friday after March inflation data calmed some concerns over the inflationary fallout of the Middle East conflict on the U.S. economy.

Traders keep bets the fed will stay on hold all 2026

Traders on Friday kept bets the Federal Reserve will leave interest rates on hold through the end of 2026 after the Labor Department reported consumer prices surged in March, as

S&P 500, Nasdaq open higher after inflation data; Mideast in focus

The S&P 500 and the Nasdaq opened higher on Friday after March inflation data largely aligned with expectations despite persistent pressures from the Iran war, while investors

March inflation report, first to show impact of war, is in line with expectations

U.S. consumer prices rose 3.3% from a year ago in March, data showed, giving investors a first glimpse of the impact on prices of the U.S.-Israeli war against Iran.

Canada's March employment posts modest increase, jobless rate unchanged

Canada's job growth remained subdued in March while the unemployment rate held steady at 6.7% from the prior month, data showed on Friday, signaling

Glencore buys 45% stake in South Carolina aluminium recycling plant

Glencore on Friday said it acquired a 45% stake in an aluminium recycling and remelting plant near Charleston, South Carolina, strengthening the London-listed miner's position in

Brazil annual inflation accelerates in March on fuel price pressures

Brazil's 12-month inflation rose more than expected in March, official data showed on Friday, driven by higher transportation costs, particularly gasoline prices, amid

Can the US and Iran bridge their differences in talks?

The U.S. and Iran are set to hold peace talks in Pakistan, which has been mediating, but remain deeply divided on key issues, even though President Donald Trump has said proposals

Ukrainians and Russians doubt 32-hour Easter truce will lead to lasting peace

Ukrainian officials urged Russia on Friday to extend a ceasefire it announced for Orthodox Easter this weekend and restart talks to end the war, but people on the streets of

US consumer sentiment dives to a record low in April amid Iran war

U.S. consumer sentiment plunged to a record low in early April and consumers anticipated a surge in inflation in the next 12 months, a survey showed on Friday.

US factory orders unchanged in February for second straight month

New orders for U.S. factory goods were unchanged for a second straight month in February as weak demand for commercial aircraft offset gains elsewhere.

Spat over oil price relief exposes strains in Germany's coalition

Germany's economy minister on Friday proposed higher tax breaks to commuters but dismissed proposals by the government's junior

Outflows from leveraged loan funds jump as investors shun credit risk

U.S. leveraged loan funds are suffering heavy outflows this year as investors grow more cautious about credit risk while broader concerns mount over

Dolce & Gabbana co-founder Stefano Gabbana resigns as chair, keeps creative role

Dolce & Gabbana said on Friday its co-founder Stefano Gabbana stepped down from his roles at the Italian fashion house and its controlling holding company with effect from

Middle East war spotlights Florida's fuel supply vulnerability

Florida residents have paid significantly more than the nationwide average for gasoline and diesel in recent weeks as the U.S.-Israeli war with Iran

YouTube raises subscription prices in US for the first time in 3 years

YouTube on Friday raised subscription prices in the United States, with increases of up to $4 set to take effect from the next billing cycle.

Ads for GLP-1 drugs are flooding the internet – here’s how to know if it’s safe to buy them online

The thriving market in online, counterfeit GLP-1 drugs that do not meet FDA criteria poses serious risks to consumers.

Estonia says detaining Russia's tankers in Baltic Sea is too risky

NATO member Estonia will refrain from detaining Russia's "shadow fleet" vessels in the Baltic Sea, worried that seizing oil tankers

US utility stocks are off to their best start since 2019. Can they keep it up?

U.S. utility stocks marked their strongest start to the year since 2019, benefiting from an investor retreat from riskier assets during the Iran war and

Big Tech puts financial heft behind next-gen nuclear power as AI demand surges

Big Tech is reshaping the funding landscape for new nuclear technologies as it seeks to bolster electricity supply for power-hungry AI data centers, inking deals

Brazil and US launch joint action to fight organized crime

The Brazilian government on Friday announced a joint initiative with the U.S. to combat organized crime, involving the integration of data from Brazil's

Whirlpool to invest over $60 million in Ohio plant 

Whirlpool said on Friday it will invest over $60 million in an Ohio factory to produce parts for its washers and dryers.

After years of war with Russia, Ukraine's farmers are hit by Iran conflict

Mykola Maliienko, who farms the rich, black soil of central Ukraine and exports crops

Space analytics firm HawkEye's revenue jumped 74% in 2025, US IPO filing shows

Space analytics company HawkEye 360 recorded a 74% jump in revenue in 2025 while also swinging to a profit, its filing for a U.S. initial public offering

STOXX 600 gains for a third week with focus on Middle East peace talks

European equities edged higher on Friday, notching up a third straight week of gains as cautious optimism ahead of U.S.-Iran weekend talks

US judge extends temporary order halting Nexstar, Tegna merger

A U.S. judge on Friday extended an order temporarily freezing Nexstar's acquisition of rival broadcast station owner Tegna for another week as he

Polls in Hungary and Peru next in key election year for world markets

Voters in Hungary could deliver a boon to bond investors, while

Impactive aims to replace WEX CEO on board in proxy fight, sources say

Impactive Capital is urging WEX shareholders to replace the information management services company's long-serving CEO on its board of directors

Fed will need to explain why current inflation jump differs from 2022 surge

When surging U.S. inflation peaked in June of 2022, driven by rising prices for energy but also for food, shelter, vehicles, and a host of other

USA Rare Earth CEO defends Trump administration investment as congressional questions swirl

USA Rare Earth shareholders should not be concerned by the terms of the U.S.

U.S. Democrats keep pressure on Trump regulators over 'suspicious' trades

Two Democratic U.S. senators have called on the federal commodities markets watchdog to investigate lucrative recent trading activity on oil markets since March 23

How has Hungary changed during Orban's 16 years in power?

Hungarian Prime Minister Viktor Orban and his Fidesz party face their first closely contested election on April 12 after four consecutive landslide victories since 2010.

US consumer inflation hot in March amid record surge in gasoline prices

U.S. consumer prices increased by the most in nearly four years in March as the war with Iran led to a record surge in the cost of gasoline and

The unconventional logic behind SpaceX's $1.75 trillion price tag

Wall Street is reaching for some unusual yardsticks to price Elon Musk's SpaceX.

White House opted against televised address about Iran ceasefire, US officials say

The White House considered but decided against a national televised address by President Donald Trump on Tuesday about his ceasefire

Colombia gov't to propose $4.4 billion tax reform to congress, as end of session nears

Colombia's leftist government will propose a $4.39 billion tax reform to congress in the coming days, Finance Minister German Avila said on Friday, though the bill is

South Africa unveils draft AI policy, proposes new institutions and incentives

South Africa on Friday unveiled a draft national AI policy, seeking public comment on sweeping proposals to regulate and accelerate AI adoption.

Ceasefire sends dollar toward weekly drop with US-Iran talks in focus

The dollar slipped on Friday, putting it on track for its largest weekly drop since January, as investors sold safe-haven assets on the assumption that

Americans give record-low marks to economy, in ominous sign for Republicans

Americans are souring on the U.S. economy to a degree never before seen, with the stiffest inflation in four years exacerbating the political risk for

Oil ends lower ahead of U.S.-Iran ceasefire talks, posts steepest weekly loss since 2022

Oil futures settled lower on Friday and posted their biggest weekly decline since 2022 ahead of talks between Iran and the U.S. aimed at securing a

US March budget deficit rises slightly to $164 billion as Iran war outlays lag

The U.S. federal government's March budget deficit rose $4 billion or 2% to $164 billion from a year ago as new individual and corporate tax breaks

Proxy adviser Glass Lewis recommends Warner Bros shareholders vote for Paramount deal

Independent proxy advisory firm Glass Lewis recommended Warner Bros Discovery shareholders to vote in favor of the company's $110 billion deal to combine with Paramount Skydance. 

Colombia raises Ecuador tariffs to 100% as trade tensions escalate

Colombia will raise tariffs on neighboring Ecuador to 100% from 30%, Colombia's trade ministry said on Friday, matching Ecuador's measure from a day earlier amid an

Vance, Bessent questioned tech giants on AI security before Anthropic's Mythos release, CNBC reports

U.S.

Bessent, Powell warned bank CEOs about Anthropic model risks, sources say

U.S.

Equities mixed, oil dips in cautious trade ahead of US-Iran talks

Equities were mixed on Friday and oil prices dipped as investors anxiously awaited U.S.-Iran talks scheduled for the weekend,

China's top diplomat meets North Korea's Kim, calls for closer coordination

China and North Korea should further enhance communication and coordination in major international and regional affairs, China's foreign minister said in a meeting with

US trade court challenges Trump's basis for 10% global tariffs

A panel of trade court judges challenged the legality of President Donald Trump's 10% tax on most imports, suggesting a large trade deficit might not

Wall Street creates new credit-default swap index to bet against private credit

S&P Dow Jones Indices is launching a new credit-default swap index linked to the private credit market, giving investors a tool to bet against a sector that has faced turbulence

Crypto giant Kraken's Fed payment account sparks concerns about risks

Crypto giant Kraken's landmark Federal Reserve master account comes with restrictions aimed at mitigating risks, but it - and others likely to

Fitch's outlook cut on Turkey flags growing economic strain

Credit rating agency Fitch revised Turkey's outlook to "stable" from "positive", citing a sharp erosion in foreign exchange reserves due to heavy intervention to support the lira

Trump says US will have Strait of Hormuz 'open fairly soon'

President Donald Trump told reporters on Friday that the U.S. will have the Strait of Hormuz "open fairly soon" but did not elaborate

Wall St ends mixed, notches weekly gains as investors parse Middle East negotiations

U.S. stocks closed mixed on Friday, with investors pressing pause as they headed into the weekend and kept an eye on ongoing Middle

Trump's peace board faces cash crunch, stalling Gaza plan, sources say

Donald Trump's Board of Peace has received only a tiny fraction of the $17 billion pledged for Gaza, preventing the U.S.

Iranian delegation lands in Islamabad ahead of 'make-or-break' talks

Iran's negotiating team arrived in Islamabad on Friday for peace talks with the

IMF retains floor for precautionary balances at SDR 20 billion

The International Monetary Fund said on Friday its executive board has agreed to retain the current floor for precautionary balances, which consist of general and

Snapchat owner cuts 16% of global staff in latest round of job cuts

Snap Inc., the owner of Snapchat, is cutting about 16% of its global workforce, which means around 1,000 jobs

Fed asks about US banks' exposure to private credit firms, Bloomberg reports

The Federal Reserve is asking major U.S. banks for details about their exposure to private credit following a surge in redemptions from the funds and a rise in troubled loans in

What the Trump tax breaks giveth, the gasoline pump taketh away

U.S.

US DHS calls furloughed staff back to work despite shutdown

The U.S.

Rio Tinto's US boron assets draw interest from bidders, Bloomberg News reports

Rio Tinto's U.S. assets that produce the critical mineral boron have drawn interest from more than a dozen potential bidders and could be valued as much as $2 billion, Bloomberg

US blockade of Iran will be major military endeavor, experts say

A U.S. naval blockade of Iran is a major, open-ended military endeavor that could trigger fresh retaliation from Tehran and put tremendous strain on an

Middle East war to cut growth, deliver cascading impact, World Bank chief says

The war in the Middle East will have a cascading impact on the global economy, even if a ceasefire announced by U.S.

US plane carrying team for talks with Iran lands in Islamabad, two Pakistani sources say

A U.S. government plane carrying top U.S. officials landed in the Pakistani capital Islamabad on Saturday for peace talks with Iran, two Pakistani sources told Reuters.

Japan approves additional $4 billion for chipmaker Rapidus

Japan's industry ministry said on Saturday it has approved an additional 631.5 billion yen ($3.96 billion) to accelerate research and development at chipmaker Rapidus.

San Francisco taqueria El Faro looks to sell, saying their rent has nearly doubled

San Francisco taqueria El Faro looks to sell, saying their rent has nearly doubled

Indonesia President Prabowo to visit Russia, meet Putin, minister says

Indonesian President Prabowo Subianto will depart to Russia in the coming days and is expected to meet President Vladimir Putin during the visit, Indonesia's foreign

Crash-and-grab burglars use Jeep to steal ATM from Chicago gas station

Crash-and-grab burglars use Jeep to steal ATM from Chicago gas station

Americans weigh in on the Iran war, gas prices and their fears

After six weeks of a war with Iran https://www.reuters.com/world/iran/ that has jolted energy https://

Ukraine can play useful role in Strait of Hormuz, Britain says

Ukraine can play a useful role in international efforts to secure the Strait of Hormuz, Britain's armed services minister said, praising its drone technology

Irish police move to break blockade of oil refinery by protesters angry at fuel prices

Irish police took action to clear protesters blockading the country's only oil refinery on Saturday after a senior government minister said protests over surging fuel

Trump says empty oil tankers heading to U.S. to load up with oil, gas

U.S. President Donald Trump said on Saturday that many tanker ships are en route to the United States to transport oil and gas to other countries.

US military 'setting conditions' to clear mines from Strait of Hormuz

The U.S. military said on Saturday that it had started “setting conditions" for clearing mines in the Strait of Hormuz, with two U.S. warships passing through the key

Czech, Slovak leaders back ally Orban ahead of Hungary vote

Czech and Slovak leaders backed Prime Minister Viktor Orban on Saturday on the eve of Hungary's parliamentary election, saying he was the best choice for the country's

Chinese investment in Brazil pivots from power dams to ice cream, courting consumers

For Chinese ice cream and beverage chain Mixue, which already has more stores than Starbucks or McDonald's, a cheerful snowman mascot on Sao

Veteran negotiator Roelf Meyer appointed as South Africa's ambassador to the US

South African President Cyril Ramaphosa has appointed Roelf Meyer as the country's ambassador to the United States

US intelligence indicates China preparing weapons shipment to Iran, CNN reports

U.S. intelligence indicates China is  preparing to deliver new air defense systems to Iran  within the next few weeks,  CNN reported late on Friday, citing three  people familiar

Costa Rica receives first group of deported migrants under third-country agreement with US

Costa Rica on Saturday received the first group of migrants from other countries deported from the United States under an agreement signed in March

BOJ policy to boost yen could be an option to curb inflation, Japanese minister says

Bank of Japan monetary policy could be an option to tame rising prices by boosting the yen, Japan's trade minister said on Sunday, as the central bank weighs raising

South Korea close to securing oil supplies from Kazakhstan, minister says

South Korea is close to securing crude oil supplies from Kazakhstan, the industry minister said on

Saudi Arabia restores full capacity on East-West oil pipeline to 7 million bpd after attacks

Saudi Arabia has restored full oil pumping capacity through the East-West pipeline L1N40S100 to about seven million barrels per day, it said on Sunday, days after providing

Iran aims to restore majority of refining capability within two months, oil ministry official says

Iran expects to restore most damaged refining and distribution facilities to 70–80% of their pre-attack capacity within one to two months, a senior oil official said, as

Economic shock of Middle East war to cast shadow over IMF, World Bank meetings

Top finance officials from around the world will convene in Washington this week under the shadow of the war in the Middle East, which has delivered a

China's Chery looking to expand car production in Europe, top executives say

Chery is looking to expand car production in Europe through partnerships with other automakers allowing it to use existing factories, top executives at the Chinese carmaker

Philippines says any energy deals with China must respect its sovereignty

The Philippines said on Sunday that any decision to pursue oil and gas cooperation with China would be made strictly in line with its constitution and respect its

IMF sees global oil shortfall this year and warns Iran war could tip world into recession

IMF sees global oil shortfall this year and warns Iran war could tip world into recession

Australia PM Albanese to visit Brunei, Malaysia to shore up fuel supply

Australian Prime Minister Anthony Albanese will visit Brunei and Malaysia this week, continuing diplomatic efforts to secure fuel supplies from Asian allies after

US earnings season set to test war-rattled stocks

Investors will seek evidence in the coming week that the U.S. corporate profit engine is humming along, and whether threats to that upbeat business

Dollar jumps as failed US/Iran peace talks spark fresh safe-haven push

The dollar jumped against other major currencies in thin trading late on Sunday, as investors sought the relative safety of the U.S. currency after

Trump says gas prices may remain high through November midterm election

U.S.

US military to block ships from Iranian ports after talks yield no agreement

President Donald Trump said on Sunday the U.S.

‘Remigration’ and Russian lessons: German far-right party promises radical measures if elected

‘Remigration’ and Russian lessons: German far-right party promises radical measures if elected

Iran's Guards will view military vessels approaching strait as ceasefire breach

Iran's Revolutionary Guards said on Sunday that any military vessels attempting to approach the Strait of Hormuz will be considered a violation of the two-week U.S.

Irish police clear blockades as Dublin acts to soften fuel price blow

Irish police on Sunday cleared tractors and trucks that had been blocking traffic and blockading oil infrastructure across the country during a wave of

Trump promised peace in the Middle East. In Dearborn, Michigan, it feels farther away

Dearborn, Michigan, home to the nation's largest Arab American community, is grappling with ongoing crises

US FTC in settlement talks with ad companies in boycott probe, WSJ reports

The U.S.

Orban ousted after 16 years as Hungarians flock to pro-EU rival

Prime Minister Viktor Orban, a key opponent of European Union efforts to help Ukraine fend off Russia's invasion, lost power after 16 years on Sunday

Hungary opposition's landslide win heralds reforms, thaw in EU ties

Peter Magyar's landslide victory in Sunday's Hungarian election has handed his centre-right Tisza party a sweeping mandate that

Oil whiplash: Iran war shock to flip market to deficit in 2026, analysts say

The sharp hit to global oil production from the Iran war is poised to flip the oil market into a supply deficit this year, analysts say, a huge

Spanish premier Sanchez heads for fourth China visit, risks annoying Trump

Spanish Prime Minister Pedro Sanchez begins his fourth visit to China in as many years on Monday, underlining his determination to steer an independent course that has

Third Point won't run proxy fight at CoStar, exits position, letter says

Billionaire investor Daniel Loeb's hedge fund Third Point will not pursue a proxy fight at real estate data company CoStar Group and sold its

GFL nears deal to buy Secure Waste for over $4.3 billion, Bloomberg News reports

Waste management company GFL Environmental is nearing a deal to acquire Canada's Secure Waste Infrastructure in a deal valued at over C$6 billion ($4.33 billion), Bloomberg News

Bank of Korea governor nominee vows to respond to excessive won weakness

The Bank of Korea's governor nominee said it would be necessary to respond properly if the won fell excessively, in written remarks he submitted on Monday to parliament

Protracted Iran war narrows BOJ's rate hike options

Once seen as a strong possibility, a Bank of Japan rate hike in April is turning into a fainter prospect as fading hopes of an end to the Middle East

TSMC likely to book fourth straight quarter of record profit on insatiable AI demand

TSMC, the world's largest manufacturer of advanced artificial intelligence chips, will likely notch up a fourth consecutive quarter of

US Democrats cheer defeat of Trump ally Orban in Hungary

U.S.

Haiti declares three days of national mourning for 25 killed in stampede

Haiti declared three days of national mourning on Sunday, a day after a deadly stampede killed 25 people during an annual celebration thronged by students and

Taiwan government should lead engagement with China on new measures, senior official says

Taiwan's engagement with China on looser controls proposed by Beijing for trade and tourism should be led by the government rather than private party-to-party contacts, a

Markets falling out of love with Italian debt as Meloni's problems mount

Italy's economic vulnerabilities are being laid bare by war in the Middle East, with Rome's heavy reliance on imported energy and the threat of rising

South Korea and Poland to upgrade ties as Tusk calls Seoul key ally after US

South Korean President Lee Jae Myung and Polish Prime Minister Donald Tusk agreed on Monday to upgrade ties to a comprehensive strategic partnership, with the leaders

Benin finance minister expected to coast to presidential election win

Benin's finance minister Romuald Wadagni was expected to coast to victory in a presidential election on Sunday, buoyed by strong economic growth and the absence of a

Iran war leaves crisis-scarred countries counting the cost

Sanoj Weeratunge thought this would finally be the year his tour firm put Sri Lanka's spate of crises

Slovakia's Fico ready to cooperate with Hungary's new prime minister

Slovak Prime Minister Robert Fico congratulated Hungary's incoming leader, Peter Magyar, on Monday, offering "intensive cooperation", while expressing gratitude to outgoing Prime

Millions of people in Sudan surviving on one meal a day as food crisis deepens, NGOs say

Millions of people in Sudan are surviving on just one meal a day, as the country's food crisis deepens and threatens to spread, according to a report

Chinese AI startup StepFun to unwind offshore structure to pave way for IPO, sources say

Chinese AI agent StepFun is unwinding its offshore incorporation structure to pave the way for a planned Hong Kong initial public offering, three sources said, as

World Bank chief sounds alarm about looming jobs crisis even after war ends

The Middle East war will dominate global finance officials' talks this week in Washington, but World Bank President Ajay Banga is sounding the alarm

UK fintech firm Wise's quarterly cross-border volumes surge ahead of Nasdaq debut

British fintech group Wise said on Monday cross-border transaction volumes rose 26% in the fourth quarter to 49.4 billion pounds ($66.2 billion), reinforcing its expectation that

China poised for Q1 GDP growth rebound but Iran war dims 2026 outlook: Reuters poll

China's economy likely regained some momentum in the first quarter on solid exports, but growth is expected to cool over the rest of 2026 as the Middle East

China's exports set to lose momentum as Iran war undercuts AI-driven boom

China's export engine likely slowed in March as

Traders see clear path to higher-for-longer ECB rates 

Money market traders expect the European Central Bank to lean hawkish, keeping rates higher for longer and offering little prospect of easing even in the medium

Argentina credit stress deepens as inflation and utility costs hit households

Gonzalo Martinez, a 37-year-old teacher, hopes that one day when he opens his bank account, he'll have no more debt looming over him.

Audi Q1 deliveries fall 6.1% on weak demand in China and North America

Volkswagen's premium brand Audi on Monday said its first-quarter deliveries fell 6.1%, weighed down by weaker demand in China and North America.

Japan panel members urge multi-year budget framework for critical investments

Private-sector members of Japan's key economic advisory panel proposed a new multi-year budget framework on Monday to ensure stable funding for

Ghana says France is open to engaging on slavery reparations

Ghana said France was open to having discussions with a coalition of countries that are calling for reparations for transatlantic slavery, following a meeting

ASEAN foreign ministers urge US and Iran to push for permanent resolution

ASEAN foreign ministers called on Monday for the United States and Iran to continue negotiating a permanent end to their conflict, and to implement the ceasefire fully and

Peru election marred by delays as conservatives lead early count

Polling station delays and early uncertainty over the runoff contenders marked Peru’s general election on Sunday, as voters chose a new

Hedge funds rush into bullish stocks bets ahead of weekend US-Iran talks, Goldman note says

Hedge funds last week piled into bets that stocks would rise, on expectations of a ceasefire in Iran, said two Goldman Sachs client notes on Saturday and

Morgan Stanley maintains oil price forecasts and predicts slow recovery in supply

Morgan Stanley left its Brent crude oil price forecasts unchanged on Monday, at $110 a barrel for the second quarter of 2026 and $100 a barrel in the third quarter, falling to $80

Blockade takes its toll

By Mike Dolan April 13 - What matters in U.S. and global markets today By Mike Dolan https://www.reuters.com/authors/mike-dolan/, Editor-at-Large, Finance and Markets Oil prices zoomed back above

China March new loans jumps less than expected, no sign of fresh policy easing

New bank lending in China jumped less than expected in March, while broad money and financing growth remained sufficient to support

BOJ highlights market volatility, economic hit from Middle East conflict

Bank of Japan Governor Kazuo Ueda said on Monday uncertainty over the Middle East conflict was keeping markets unstable and could hurt factory output,

Turkey says NATO should reset ties with Trump at next summit, prepare for future

Turkey said on Monday that NATO allies should use their July summit in Ankara to reset ties with U.S.

China says Strait of Hormuz blockade against global interests, urges restraint

China said a blockade of the Strait of Hormuz would go against the international community's interests and urged calm and restraint by all sides.

Ackman's $64 billion Universal bet hinges on power broker Bollore

Bill Ackman's first call before launching his $64 billion bid for Universal Music Group nL6N40Q0JZ this week was to French billionaire Vincent Bollore,

Russia calls for joint food reserves with BRICS to counter Middle East crisis risks

Russia, the world's largest wheat exporter, should create joint food reserves with fellow BRICS members and former Soviet neighbours to counter the risks

ECB rate rise will depend on effects of oil price surge, De Guindos says

Any European Central Bank rate rise will depend on how a war-fuelled surge in the cost of crude oil and some chemicals impacts other prices, ECB Vice President Luis de

Volkswagen's first-quarter deliveries drop 4% on weak China, US

Volkswagen reported a 4% fall in global deliveries in the first three months of 2026, as weak demand in China and the U.S. weighed on the German automaker.

Iran denies charging toll for Indian tankers transiting Hormuz strait

Indian tankers that have transited through the Strait of Hormuz did not pay tolls to Iran, Tehran’s ambassador to New Delhi said on Monday, after U.S.

Baker Hughes to sell Waygate unit to Hexagon for about $1.45 billion

Baker Hughes said on Monday it will sell its unit, Waygate Technologies, to Sweden-based Hexagon for about $1.45 billion in cash, as the

Spanish premier urges China to take bigger role in multipolar order

Spanish Prime Minister Pedro Sanchez on Monday said China should take on a more substantial role with issues including climate change, security, defense and the fight

Traton truck deliveries fall 6% in first quarter as US weakness persists

German truck manufacturer Traton reported a 6% drop in vehicle sales for the first quarter of 2026 on Monday, driven by a 21% decline in its U.S.-based International Motors brand.

Argentina's inflation to cool less than expected, still on track for 9-year low in 2026: Reuters poll

Argentina's consumer price inflation is set to cool this year by less than previously expected even as economic growth expectations have remained

OPEC lowers second-quarter global oil demand forecast on Iran war

OPEC on Monday lowered its forecast for world oil demand in the second quarter by 500,000 barrels per day, the producer group's monthly oil report showed in

Wall St subdued at open as failed US-Iran talks unsettle investors

Wall Street's main indexes opened lower on Monday after weekend talks between the U.S. and Iran failed to deliver a deal nL6N40V09S to end the war, threatening a nascent recovery

Bill Ackman kicks off roadshow for combined IPO of Pershing Square, new fund

Bill Ackman's Pershing Square kicked off a roadshow for the U.S. initial public offerings of the billionaire investor's management company

India's inflation rises modestly in March, but Mideast war risks loom

India's retail inflation rose modestly to 3.4% in March, government data showed on Monday, amid worries that a prolonged

Medical scans and chips: the hidden fallout of the Iran war for China

Medical scans and chips: the hidden fallout of the Iran war for China

No signs of major default cycle in private credit, Ares CEO says

Private credit defaults are relatively contained, with most of the stress in the sector being liquidity- and rate-driven, the head of Ares Management Corp

Foreign investors grow more wary of India as FX curbs hit bonds, earnings risks haunt equities

(Corrects to show parent company First Sentier Group, not First Sentier Investors, manages about $140 billion, in paragraph 13) By Vivek Kumar M, Dharamraj Dhutia and Nimesh Vora MUMBAI, April 15 (

Hungary's Magyar will talk to MOL leadership, focus on fuel supplies

Hungary’s election-winner Peter Magyar said on Wednesday he would need to hold talks with the leadership of oil company MOL, adding that ensuring fuel security would be

ASML lifts 2026 forecast as surging AI chip demand boosts new orders

ASML, the world's largest supplier of chipmaking tools, on Wednesday reported stronger-than-expected first-quarter earnings and

Hermes, Kering shares sink as Iran war knocks luxury revival

French group Hermes led a slump in luxury shares on Wednesday after weak sales showed the war in Iran was weighing on demand in the Middle East and tourism in Europe

European equities dip as investors track Mideast updates, corporate earnings

European shares slipped on Wednesday as the evolving situation in the Middle East kept investors cautious, while they also assessed a range of

Kering shares slide after Gucci sales disappoint

Kering shares plunged as much as 10% on Wednesday after first-quarter sales at its Italian flagship brand Gucci dropped more than expected, underlining the challenges

China weighs curbs on exports of solar manufacturing equipment to US

Chinese officials have held initial talks with providers of equipment to make solar panels as they consider limiting exports of the most advanced technology

Ukraine broaches 'stolen' Russian grain cargo on call with Israel

Ukrainian Foreign Minister Andrii Sybiha held a call with his Israeli counterpart Gideon Sa'ar to discuss a Russian vessel carrying what he described as grain stolen from Ukraine

Countries pledge nearly $1.8 billion to ease Sudan hunger crisis

An international conference to raise funding commitments for Sudan has produced pledges of more than 1.5 billion euros ($1.77 billion)

UK to probe Paramount-Warner Bros deal in coming weeks, competition watchdog says

Britain's antitrust watchdog is expected to launch an investigation into Paramount Skydance's planned $110 billion acquisition of Warner Bros Discovery in "the coming weeks," a

Iran war weighs on global economy as IMF meeting starts

Alarm over the impact of the Iran war on the global economy grew on Monday with more countries announcing emergency support measures to combat rising energy

Bezos-backed EV firm Slate Auto raises $650 million

Electric vehicle company Slate Auto on Monday said it has raised $650 million in a Series C funding round, as the Jeff Bezos-backed firm gears up to deliver its first vehicles

Hungary vote removes Ukraine's staunchest foe in EU

Ukraine welcomed with relief on Monday the defeat

Venezuela hopes to lure back international miners, but it's a risky business

Venezuela's https://www.reuters.com/world/venezuela/ effort to attract foreign investors to develop its gold, iron and

Euro zone bond yields rise as markets up ECB rate hike bets

Euro zone government bond yields edged up towards recent peaks on Monday after the U.S. and Iran failed to secure a deal to end the war https:/

Meta poised to surpass Google in digital ad revenue for first time, report says

Meta Platforms is projected to surpass Alphabet's Google in digital advertising revenue globally by the end of 2026, and dethrone the search-engine behemoth in

Emerging economies in focus at IMF World Bank meetings

Global financial policy makers gather in Washington for the International Monetary Fund and World Bank Group Spring Meetings this week against the backdrop of yet another

McDonald's to add refreshers, crafted sodas to US menus

McDonald's will add refreshers and crafted sodas to its menu in the United States starting this month, the company told

European equities tick lower as failed US-Iran talks weigh on sentiment

European shares dipped on Monday as expectations of a swift resolution to the Middle East conflict dimmed following the breakdown nL6N40V09S of

US existing home sales hit nine-month low in March, rising mortgage rates cloud outlook

U.S. existing home sales fell to a nine-month low in March amid tight inventory and growing concerns over the labor market, and a recent increase in

Dutch regulator to seek EU approval for Tesla's self-driving software

Dutch vehicle authority RDW has notified the European Commission of its plan to seek European Union-wide approval for Tesla's full self-driving

Colombia to control hippo population through euthanasia

Colombia will launch a plan in the second half of 2026 to control its invasive hippopotamus population, including euthanizing an initial 80 animals, Environment Minister

LVMH reports sales hit from Iran war in blow to hopes for luxury revival

French luxury giant LVMH said the Iran war shaved at least 1% off its total group sales in the last quarter due to lower spending in the Gulf region, and

JBS reaches deal with US meatpacking workers who went on strike

JBS employees ratified a two-year labor agreement with the world's largest meatpacker after a three-week strike disrupted operations at a massive

Middle East war drives up Codelco copper costs in Chile

Price surges due to the Middle East war have raised costs for the world's top-producing copper miner Codelco, yet the Chilean state-run firm is still

Oil prices jump 4% on US blockade of Iran after talks break down

Oil prices climbed about 4% on Monday after the U.S. military began a blockade nL6N40V09S of ships leaving Iran's ports, drawing threatened retaliation

US details bounds of Hormuz blockade as at least two ships turn around

The U.S. military on Monday detailed the boundaries of its Strait of Hormuz blockade, saying it would extend east to the

NY Fed says paper loss on bond holdings shrank last year

By Michael S.

Middle East war to boost Ukraine inflation, central bank chief says

Higher oil prices caused by the war in the Middle East https://www.reuters.com/world/iran/ could raise inflation rates in Ukraine by

FedEx CFO John Dietrich to step down

FedEx said on Monday Chief Financial Officer John Dietrich would step down, effective June 1, after the parcel firm completes the spinoff of FedEx Freight into a publicly traded

Fed chief nominee Warsh clears one hurdle for Senate hearing, CNBC reports

Federal Reserve chair nominee Kevin Warsh nL6N3YV0Q5 has submitted required paperwork to the U.S.

Trump nominates Pimco executive Erin Browne to lead international affairs at Treasury department

U.S.

Why are some ships going through the Strait of Hormuz during a blockade?

Why are some ships going through the Strait of Hormuz during a blockade?

Virgin Australia flags higher fuel costs amid the Mideast conflict

(Corrects to remove dated reference to Virgin adjusting airfare in paragraph 1. The company announced those measures on March 20.)

French inflation rises to 2.0% in March

Consumer prices in France rose 2.0% year-on-year in March, statistics office INSEE said on Wednesday, slightly above analysts' expectations and a preliminary reading of a 1.9%

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

Oil prices edged up about 1% on Wednesday as the market focused more on Middle East supply disruptions than on comments by U.S.

Russia ready to help China with energy ahead of Putin's visit, foreign minister says

Russia is ready to increase energy supplies to China ahead of an expected visit by President Vladimir Putin, Russian news agencies quoted Foreign Minister Sergei

From Boston to Denver, US drivers cut back as Iran war pushes fuel costs higher

(In April 11 story, deletes reference to CFO in third paragraph from bottom and attributes information on pawn-loan transactions to EZCORP.)

Opposition candidate concedes defeat to Wadagni in Benin presidential race

The sole opposition candidate in Benin's presidential election, Paul Hounkpe, has conceded defeat to Finance Minister Romuald Wadagni following the vote in the West

BlackRock upgrades US stocks on resilient earnings, contained Middle East risks

BlackRock Investment Institute upgraded U.S. equities on Monday, joining other Wall Street brokerages in arguing that resilient corporate earnings, particularly in the technology

French central bank sees first quarter growth of 0.3%

France's economy grew marginally faster in the first quarter as some businesses rushed to place orders ahead of expected price rises following the outbreak of war in the

Conagra Brands names Smucker executive John Brase as new CEO

Conagra Brands on Monday named J.M.

AI-boosted hacks with Anthropic’s Mythos could have dire consequences for banks

Anthropic's Mythos, a new AI model the company and cybersecurity experts warn could supercharge complex cyberattacks, poses significant challenges

US IPO hopefuls forge ahead with listing plans amid market swings

A slew of companies across sectors, from biotech to real ‌estate investment trust, launched IPO roadshows on Monday, as issuers

Dollar fades as oil retreats from highs with US blockade in effect

The dollar eased from earlier highs on Monday and was on pace for a sixth straight daily decline after peace talks between the U.S. and Iran broke

Manulife Investment Management eyes Cellnex Swiss business, sources say

Spain's Cellnex is in talks to sell its stake in its Swiss unit to Toronto-listed Manulife Financial Corporation's investment

Uber faces second driver sexual assault trial following $8.5 million verdict

After a key setback in the first trial of its kind before a federal jury, Uber is expected to return to court on Tuesday to face a second woman's claims that

Luxury brands face profit squeeze as Iran conflict shrinks UAE mall sales, sources say

(Corrects 14th paragraph to make clear that damage to the Burj Al Arab hotel was caused by debris after an interception; changes headline to clarify that story is about UAE malls, not just Dubai Mall)

Trump orders DoorDash to White House, trying to sell his tip tax cut

President Donald Trump had McDonald's food delivered to the Oval Office on Monday in a bid to promote his lowering of taxes on tips, and handed the driver what

Financial Stability Board chair warns of stability "triple whammy" as funding conditions tighten

The global financial system has so far absorbed the economic shock caused by the Iran war, partly thanks to post-2008 crisis reforms, but rising funding costs may

Goldman Sachs beats profit estimates, weak fixed income trading drags down shares

Goldman Sachs beat expectations for quarterly profit on Monday, driven by strength in dealmaking and equities trading, but the U.S.

Xi calls China-Russia ties 'precious' in current international context

Chinese President Xi Jinping has praised the stability and certainty of China-Russia relations, calling them precious in the face of an international landscape intertwined with changes and chaos

Wall Street indexes gain as investors hold out hope for US-Iran resolution

The S&P 500 and the Nasdaq composite indexes rallied more than 1% on Monday as investors appeared

Chevron agrees to asset swap in Venezuela to focus on heavy oil projects

Chevron signed two key agreements on Monday to expand operations at Venezuela's vast Orinoco Belt, including

Surging petrol prices drive record EV sales in Europe in March

High petrol prices in Europe steered car buyers towards EVs in a record-beating March, and led to the first month of global EV sales growth this year, data by

Singapore Q1 GDP up 4.6% y/y, preliminary data shows, below expectations

Singapore's economy grew by 4.6% in the first quarter from a year earlier, preliminary government data showed on Tuesday.

United CEO Kirby raised potential tie-up with American in Trump meeting

United Airlines CEO Scott Kirby raised the potential of merging with American Airlines in a meeting with U.S.

Colombia's Petro walks back 100% tariffs on Ecuadorean goods

Colombian President Gustavo Petro on Monday said his country would not impose 100% tariffs on imports from Ecuador, reversing an announcement nL1N40T0UH made last week by

Singapore tightens monetary policy as Iran war fuels inflation risks

Singapore's central bank tightened its monetary policy settings on Tuesday, flagging the risk that an Iran war-fuelled energy shock

Texas attorney general probes Lululemon over potential 'forever chemicals' in its activewear

Texas Attorney General Ken Paxton has launched an investigation into athleisure brand Lululemon over the potential presence of "forever chemicals" in its activewear, he said on

Protracted Hormuz crisis could trigger agrifood catastrophe, UN food agency says

A prolonged crisis in the Strait of Hormuz could trigger a global agrifood catastrophe by disrupting fertiliser and energy exports, driving up food prices and squeezing crop

Police fire tear gas as workers' protest in India's Noida turns violent

Police lobbed tear gas shells and used "minimum force" on Monday to quell a factory workers' protest in the Indian national capital's suburb of

US begins blockade of Iran's ports, Tehran threatens retaliation

The U.S. military began a blockade of Iran's ports on Monday, President Donald Trump said, and Tehran threatened to

What does a US naval blockade of Iran mean for oil flows?

The U.S. military began blocking shipping traffic in and out of Iran's ports, a move that would prevent roughly two million barrels of Iranian oil a day from entering the world's

Seeking shelter from war and stagflation? Take a look at China's bond market

Investors are scooping up Chinese debt, which has stood tall in sliding bond markets globally, betting that China's low

Nestle chairman targets volume growth

Swiss food giant Nestle must grow its sales volumes again, Chairman Pablo Isla was quoted as saying in an interview on Wednesday, referring to an adjusted product

Xi assures Russia of China's friendship as ties grow with other nations

China and Russia must trust and support each other, deepen cooperation and defend each other's interests, President Xi Jinping said on Wednesday, assuring Moscow of

Stellantis first-quarter shipments up 12% year-on-year

Franco-Italian automaker Stellantis said on Wednesday its global shipments rose 12% year-on-year in the first quarter to an estimated 1.4 million vehicles, consolidating a

Japan naphtha-dependent firms flag supply issues despite government assurances

Japanese companies whose output is dependent on naphtha or naphtha-based products are halting orders or slashing production

As Trump attacks friends and foes, Americans are changing their minds about China

As Trump attacks friends and foes, Americans are changing their minds about China

China's largest trade fair opens as export growth slows

China's largest trade fair, held twice a year, opened on Wednesday in the southern city of Guangzhou, where more than 32,000 exhibitors are showcasing products over an

BlackRock urges investors to spread hedge fund bets amid market swings

BlackRock's hedge fund team is urging investors to spread their exposure across multiple hedge fund strategies, as AI-related and geopolitical disruption

Wall Street rallies, oil stays higher as investors hope for US-Iran resolution

Wall Street stocks rose and oil retreated from highs above $100 a barrel on Monday as the U.S. said it continued to engage with Tehran to make a deal even

RBA's Hauser not sure interest rates are at the right level to tame inflation

A top Australian central banker said on Monday he was not confident that interest rates were at the right level to tame inflation, but policymakers would now also need to monitor

Australian consumer sentiment slumps on Iran war worries

Australia's consumer sentiment slumped in April to its lowest in more than two years, a survey showed on Tuesday, as consumers seem to be unnerved by the impacts of the

Bank of Korea governor nominee positive about won-denominated stablecoins

The nominee to become the Bank of Korea's governor agreed to introduce won-denominated stablecoins, saying they would play a role in the currency ecosystem of the future,

Australian business, consumer confidence crashes on worries about fallout from Iran war

Australia's business and consumer confidence crashed as the Iran war unleashed a global oil shock that may tip the local economy into a recession, surveys

Japan finance minister asks trade minister to avoid remarks on BOJ policy

Japanese Finance Minister Satsuki Katayama said on Tuesday she and Prime Minister Sanae Takaichi had told the trade minister to avoid commenting on the Bank of Japan's

GSK sees blockbuster potential in targeted cancer therapy after promising early data

British drugmaker GSK's experimental targeted cancer drug Mo-rez has blockbuster potential, its head of oncology research has told reporters, after early

Korean AI chip startup DeepX prepares public share offering

South Korean AI chip startup DeepX said on Tuesday it is preparing to list its shares domestically, adding the firm is open to a possible U.S. listing after that.

Bessent says Fed should 'wait and see' before lowering rates, Semafor reports

The Federal Reserve should "wait and see" before deciding whether to lower interest rates amid the war in Iran, U.S.

OpenAI's $852 billion valuation faces investor scrutiny amid strategy shift, FT reports

OpenAI's $852 billion valuation is under scrutiny from some of its own backers as the company shifts its focus to the enterprise market to fend off competition from Anthropic, the

Hollywood stars sign open letter opposing Paramount-Warner Bros deal

Over 1,000 filmmakers, actors and industry professionals signed an open letter opposing Warner Bros Discovery's proposed $110 billion merger with

US, Iran leave door open to dialogue after tense Islamabad talks

After a sleepless and at times tense night in Islamabad, Iranian and U.S.

US officials underwhelmed by French far-right's plans for economy

U.S. officials who met leaders of France's far-right National Rally were underwhelmed by their economic plans, two diplomatic sources said, in a blow

After tackling Kering's debt problems, de Meo faces the Gucci challenge

Seven months into the job, Luca de Meo has bought himself time as CEO of Gucci owner Kering. This week he has to prove he knows how to use it.

ANZ expects Brent crude to end 2026 at $88/barrel on Middle East supply losses

ANZ said on Tuesday it expects Brent crude to trade above $90 per barrel in 2026 before ending the year at $88 due to a loss of supply from the Middle East conflict.

South Korea to start building Sejong presidential office in August 2027

South Korea will begin construction of a presidential office in the administrative city of Sejong in August next year, the presidential Blue House said on

China's export engine stutters as Iran war chills global demand

China's export engine slowed sharply in March as war in the Middle East triggered shocks to energy and transportation costs, hurting global demand and

Iran to allocate part of oil revenues for reconstruction after attacks, minister says

Iranian oil sales in recent weeks have been favourable and part of the revenue will be allocated to repairing damage to industry caused by wartime attacks, Iran's oil

Australia Inc starts to feel Iran war fallout, raising stagflation risk

Australia's corporates are starting to count the cost of the war in the Middle East, with profit warnings from two top companies and a crash in business

China's Xi says rule of law must be upheld for Middle East peace

The international rule of law must be upheld for peace and stability to prevail in the Middle East, China's President Xi Jinping said on Tuesday, in a rebuke

Under pressure: Tracking the pain in G7 government debt

The world's major economies have seen their debt levels surge in recent years, while ever-

Russian Foreign Minister Lavrov arrives in China for talks on Iran and Ukraine

Russian Foreign Minister Sergei Lavrov arrived in China on Tuesday for talks on the wars in Ukraine and Iran as well as bilateral ties.

Philippines seeks US extension on waiver to buy Russian oil

The Philippines' Secretary of Energy Sharon Garin on Tuesday said the country has asked the United States to extend a waiver to purchase Russian oil and petroleum products

Citigroup upgrades US equities as tech strength and earnings outlook soothe Mideast war woes

Citigroup has turned bullish on U.S. equities, joining a flurry of brokerages betting on resilient corporate earnings, attractive valuations following recent pullbacks, and the

United Airlines CEO pitched American Airlines tie-up in meeting with Trump, sources say

United Airlines CEO Scott Kirby pitched the potential for merging with American Airlines in a meeting nFWN40W13A

China Evergrande's billionaire boss falls from circles of power to fraud plea

Mingling with power brokers at centenary celebrations of the Chinese Communist Party on July 1, 2021, a beaming Hui Ka Yan betrayed no sign of the pressure

ECB seeks bigger say on banks' capital requirements

The European Central Bank urged European lawmakers on Tuesday to give it a bigger say on banks' overall capital requirements, including those set by national

Spain, China pledge closer ties in the face of threats to world order

Europe and China must forge closer ties to counter threats to multilateralism, Spanish Premier Pedro Sanchez said on Tuesday after meeting Chinese

China finance ministry to meet underwriters on special treasury bond issuance plan

China's finance ministry will meet government bond underwriters on Thursday, and the agenda is expected to cover this year's issuance of ultra-long special treasury

Nissan to trim global car lineup, boost use of AI driving tech

Nissan Motor plans to streamline its global automobile lineup by shedding low-performing models and deploy artificial intelligence driving technology

HSBC's Europe and Americas banking head Keefe departs

HSBC's head of banking in Europe and the Americas Gerry Keefe has resigned, becoming the latest senior banker to depart since the bank's global overhaul

Oil tankers transiting Strait of Hormuz since start of Iran war

The U.S. blockade on vessels entering or leaving Iranian ports adds to uncertainty over shipping through the Strait of Hormuz, which has been all-but

US prosecutors make surprise visit to Federal Reserve office

Prosecutors from U.S.

Incoming Bank of Korea chief signals potential for hawkish shift amid surging import costs

Incoming Bank of Korea Governor nominee Shin Hyun-song on Wednesday signaled the potential for tighter monetary policy, stating the central bank must respond if supply-side

Japan's decade-long march towards arms exports

Japan has spent the past decade steadily dismantling some of the world's toughest arms export restrictions as it steps back from the postwar

UBS CEO Ermotti may stay late into 2027 due to new rules, succession gap, sources say

Sergio Ermotti could stay as CEO well into the second half of 2027 to steer UBS through a regulatory overhaul and give the board more time

Uber commits $10 billion to robotaxis in strategy shift, FT says

Uber has committed more than $10 billion to buying thousands of autonomous vehicles and taking stakes in their developers, breaking from its asset-light "gig economy" business

Luxury brands book sales drop as Mideast war takes toll on airport shopping

From DFS to Avolta, duty-free stores selling premium perfumes and spirits to big spenders are feeling the

Stocks rise, blockade holds, talks may resume

A look at the day ahead in European and global markets from Gregor Stuart Hunter Global equities are nudging higher with fresh record highs within view, after U.S.

UK's Reeves 'frustrated and angry' over US Iran war strategy, Mirror reports

British finance minister Rachel Reeves said on Tuesday she was "very frustrated and angry" over what she said was the United States' failure to have a clear exit plan or

Trump's voting restrictions bill may fail, but parts live on in 23 states

The SAVE America Act looks set to die in Congress, but 23 mostly Republican-led U.S. states have recently changed their voting procedures to mirror key aspects of

Hungarian election winner Magyar vows democratic shift with eye on EU funds

Hungarian election https://www.reuters.com/world/hungary/elections/ winner Peter Magyar nL8N40V06U promised on

Italy's surprise rise in exports to US masks deep fragility to tariffs

Italy was the only major EU country whose exports to the United States grew last year despite Donald Trump's tariffs.

US small business sentiment falls to 11-month low in March

U.S. small-business sentiment dropped to an 11-month low in March as a surge in oil prices because of the war in Iran overshadowed the benefits from low taxes, a

Russian drones hit Ukrainian port, officials say

Russian drones attacked Ukraine's Izmail port in the southern Odesa region and struck two civilian foreign-flagged vessels overnight and early on Tuesday, Ukrainian officials said

Industry group cuts global steel demand forecast for 2026 due to Iran war

The World Steel Association on Tuesday cut its forecast for global crude steel demand this year, partly due to the Iran war slashing consumption in the

War-weary markets filter out noise

By Mike Dolan April 14 - What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets Markets are clinging to hopes that there will be an eventual breakthrough in

Hormuz mission talks to focus on sanctions, seafarer releases, shipping readiness – source

Diplomatic meetings led by France and Britain this week to discuss a potential future multinational mission will be structured around a series of working groups, ranging

BMW deliveries slide in Q1 as China, US weakness outweighs Europe growth

BMW reported a 3.5% drop in global deliveries for the first three months of 2026 on Tuesday, as weak demand in China and the U.S. weighed on the German premium carmaker's sales.

Malaysia brings home high-value art, including a Picasso, seized in 1MDB probe

Malaysia's anti-graft agency said on Tuesday it had successfully repatriated four high-value pieces of artwork, including a 1961 Pablo Picasso print, recovered in

BetMGM cuts 2026 revenue forecast as punters win big in sports betting

U.S. online gambling operator BetMGM cut its 2026 revenue outlook on Tuesday, citing a soft first quarter for its online sports betting business. 

LVMH shares fall after Iran war hits first-quarter sales

Shares in French luxury goods group LVMH fell as much as 3% on Tuesday after first-quarter sales were hit as the war in Iran dented spending by Middle Eastern

CarMax posts quarterly loss on goodwill charge, weak used-car demand

Used car retailer CarMax reported a fourth-quarter loss on Tuesday, hurt by a goodwill impairment charge and shrinking margins from used vehicles.

Jet fuel shock from Iran war worsens crisis for global airlines

Air travel's worst crisis in years lurched deeper on Tuesday as Qantas Airways warned of spiralling costs,

ASML investors bet on 'picks and shovels' of AI revolution

Investors in, Europe’s most valuable listed company, are betting the chip-equipment maker can raise financial forecasts when it

IMF expects pace of Japan's interest rate hikes to speed up slightly

The International Monetary Fund said on Tuesday it expected the Bank of Japan to raise interest rates gradually, but at a slightly faster pace than projected six

Euro zone faces big growth hit even if Iran war quickly resolved, IMF says

Euro zone growth will slow this year and inflation surge, forcing the European Central Bank to lift interest rates, even if the economic disruptions caused by the Iran

Cuba's top destinations deserted, without power or fuel under US sanctions

The sun is setting in Pálpite, a small town on the edge of Cuba's vast Zapata Swamp, when suddenly the road swarms with activity.

War is over for Wall Street: stocks, dollar and fear index unwind moves

As the conflict in the Middle East edges towards its eighth week, financial markets are starting to diverge.

Trump says Iran talks could resume over next two days, NY Post reports

U.S. President Donald Trump said on Tuesday that Iran talks could resume in Pakistan over the next two days, according to an interview with the New York Post.

US, Iran may resume talks this week despite port blockade

Talks to end the Iran war could resume in Pakistan over the next two days, U.S.

Korean AI chip startup DEEPX, Hyundai work on robots powered by generative AI

South Korean AI chip startup DEEPX will expand its partnership with Hyundai Motor Group to develop a computing platform for generative AI robots using its

A shipment of Austrian timber and its tortuous new route to Qatar

Until the Iran war, shipments of Austrian spruce timber to Qatar, where the wood is used to support concrete and make

Sanctioned China tanker turns back to Strait of Hormuz, day after Gulf exit

The U.S.-sanctioned tanker Rich Starry made its way back to the Strait of Hormuz on Wednesday after exiting the Gulf the day before

Federal agencies skirt Trump’s Anthropic ban to test its advanced AI model, Politico reports

Federal agencies and government officials are quietly sidestepping U.S. President Donald Trump’s ban on working with Anthropic, Politico reported on Tuesday.

Greenland appoints former PM Egede as foreign minister

Greenland's prime minister said on Tuesday he had appointed his predecessor Mute Egede as foreign minister

IMF cuts growth forecasts for Germany as Iran war pushes up inflation

The International Monetary Fund cut Germany's growth forecasts for this year and next on Tuesday, in its largest downgrade among big euro zone economies,

Global satellite internet companies at a glance

Amazon.com said on Tuesday it would buy satellite company Globalstar in an $11.57 billion deal, as it looks to take on bigger rival SpaceX's Starlink.

IMF's Middle East war scenarios on global growth: weaker, worse and really bad

The International Monetary Fund on Tuesday issued three scenarios for the global GDP growth path in 2026 and 2027 amid massive uncertainty over the war in the Middle East, with

States, insurers await needed details to implement new US Medicaid work rules

The Trump administration's new law that Americans must work or volunteer to qualify for Medicaid

IMF cuts Turkey 2026 economic growth forecast on weaker momentum, energy prices

The International Monetary Fund cut its economic growth forecast for Turkey to 3.4% from 4.2% for this year, citing weaker-than-expected activity in 2025 and the drag from

US solar and wind contract prices rose sharply in first quarter

U.S. solar and wind contract prices rose sharply in the first quarter as project developers faced tariffs, labor shortages and permitting challenges amid soaring demand for power

In India, $1 housekeepers spark a consumer, worker frenzy despite safety risks

At Indian startup Pronto's training hub, women hone their chopping and mopping skills while learning how to send SOS signals if they

Fed nominee Warsh's holdings include SpaceX, Polymarket, crypto and AI

Holdings in Elon Musk's SpaceX company and predictions platform Polymarket are among dozens of future-oriented assets that Federal Reserve chair

Global companies delay IPOs and slash dividends as Middle East conflict rattles markets

The Middle East conflict has significantly impacted global financial markets, affected logistics and hindered the supply of raw materials integral to a host of industries.

Wall St opens higher as Mideast de-escalation hopes lift sentiment

Wall Street's main indexes opened higher on Tuesday after reports of fresh efforts to ease the Middle East conflict boosted sentiment, with traders also assessing corporate

PepsiCo faces pressure to show Elliott-triggered turnaround is working

Seven months after activist investor Elliott disclosed a $4

Canada to temporarily suspend federal fuel tax on diesel and gasoline

Canada will suspend the federal fuel excise tax on gasoline and diesel from April 20 to September 7 to help consumers and businesses deal with rising prices, Prime

IMF says world is drifting toward more adverse growth scenario as energy disruptions continue

The world may be already drifting towards the International Monetary Fund's "adverse scenario" forecast of weaker 2.5% global growth in 2026 even as it

'Blend' countries pay billions extra as access to cheap multilateral loans narrows

Developing nations are paying tens of billions of dollars extra to fund infrastructure, education and health projects due to inadequate access to

Bond investors target steeper US yield curve on bets for slower growth, more debt issuance

Bond investors are doubling down on so-called "curve steepener" trades that are bullish on short-dated U.S.

IMF not seeing evidence of wage-price spiral in Britain, Gourinchas says

The International Monetary Fund is not seeing evidence of a wage-price spiral in Britain at the moment, and the Fund anticipates only a small increase in core

IMF warns Middle East war driving up financial stability risks

The war in the Middle East is elevating global financial stability risks through inflationary pressures that could cause funding markets to tighten,

Portugal aims to cap any deficit at 0.5% to protect investor confidence

Portugal may incur a budget deficit due to support measures after devastating winter storms and the energy price shock from the Iran war, its finance

IMF cuts emerging economies' growth estimate as war darkens outlook

The IMF on Tuesday lowered its 2026 growth forecast for emerging market and developing economies to 3.9% from its view of 4.2% in January, with higher

ECB has not made its mind up on rates, Lagarde says

The European Central Bank has not made its mind up on whether to raise interest rates as the fallout of the Iran war on the euro zone's economy is still unclear, ECB

Grocer Albertsons forecasts soft annual sales as demand remains strained

U.S.-based grocer Albertsons forecast annual sales below Wall Street estimates on Tuesday, signaling pressure on demand from fierce competition with bigger rivals, including

J&J tops first-quarter profit estimates even as Stelara sales plunge

Johnson & Johnson beat first-quarter earnings expectations on Tuesday and raised its full-year forecast, as strong demand for cancer drug

Deutsche Boerse buys $200 million stake in crypto giant Kraken

German exchange operator Deutsche Boerse said on Tuesday that it had acquired a 200 million dollar stake in US-based cryptocurrency exchange Kraken.

IMF raises Russia 2026 GDP growth forecast to 1.1% on higher oil prices

The International Monetary Fund on Tuesday raised its forecast for Russia's economic growth this year to 1.1%, from 0.8% previously, due to higher oil and other commodity

Sazerac won’t easily gatecrash Jack Daniel's-maker's merger talks

By Abigail Summerville and Nicholas P.

Chinese chipmaker YMTC plans new factories amid heightened US-Sino trade tensions, sources say

Chinese chipmaker Yangtze Memory Technologies (YMTC) aims to build two more factories in addition to one that will be completed this year, which will more than double its

Dow names insider Karen Carter CEO as Fitterling moves to executive chair role

Dow named operations chief Karen Carter as its new CEO on Tuesday, handing the reins to a long-time insider as the chemicals maker grapples with weak demand,

US stocks gain, dollar dips on hopes for Iran war negotiations

Wall Street's main indexes rallied to close sharply higher on Monday as hopes for de-escalation in the Middle

Warner Bros. puts on a starry CinemaCon show with Cruise, Kidman, Bullock, Zendaya and Chalamet

Warner Bros

Carney clinches majority government in Canadian special elections

Canadian Prime Minister Mark Carney secured a parliamentary majority for his Liberal government on Monday, a win that he has said will

Disney to eliminate 1,000 jobs

Walt Disney 's new chief executive, Josh D'Amaro, announced layoffs in an email to employees on Tuesday, as he looks to streamline the company's

Pope Leo issues warning on democracy after Trump criticism

Pope Leo warned of the risk of democracies sliding into "majoritarian tyranny" on Tuesday, in a letter issued by the Vatican two days after U.S.

Trump and Modi stress need to keep Strait of Hormuz open in call

U.S.

Boeing jet deliveries slow in March due to 737 MAX wiring issue

Boeing said on Tuesday it delivered 46 jets in March, down from 51 the prior month, as the company repaired damaged wiring in about 25 of its best-

Wells Fargo misses expectations on interest income, revenue; shares fall

Wells Fargo warned rising energy prices will likely affect the U.S. economy, after the bank reported first-quarter interest income and

BlackRock quarterly profit rises on active ETFs and performance fees

BlackRock reported a rise in first-quarter profit on Tuesday, reflecting strong flows into its exchange-traded funds and a sharp increase in

US producer inflation rises below expectations in March, but war fires up energy prices

U.S. producer prices increased less than expected in March, but that did not change economists' expectations that the Federal Reserve would probably

Stagflation in EU is worst scenario, we are not yet there -Eurogroup chair

Stagflation in Europe as a result of the U.S.-Israeli war on Iran is the worst case scenario and we are not yet there, the chairman of euro zone finance ministers

Super Typhoon Sinlaku pounds remote US islands in the Pacific Ocean with ferocious winds

A super typhoon steadily battered a pair of remote U.S. islands in the Pacific Ocean with ferocious winds and relentless rains

BoE's Greene says war impact may unfold slowly, but inflation risks are paramount

Bank of England interest rate-setter Megan Greene said on Tuesday it could take months to see how much long-lasting damage is caused to Britain's

Fertiliser shortages due to Iran war are a key worry for developing world, UN agency says

Fertiliser shortages due to the Iran war are a pressing concern for developing countries and gains from rising oil and gas prices for developing

'Swift work to be done' after call with Hungary's Magyar, EU's von der Leyen says

European Commission President Ursula von der Leyen said on Tuesday that she spoke with Hungary's ​election winner ‌Peter Magyar and

Indonesian foreign ministry urged caution over US military overflight proposal

Indonesia's foreign ministry warned the defence ministry in an early-April letter that an American proposal to give its military "

French finance ministry trims growth outlook, hikes inflation estimate

France's Finance Ministry trimmed its 2026 growth forecast slightly on Tuesday and hiked its inflation estimate to reflect the fallout from the conflict in the Middle East.

European shares climb 1% to one-month highs on Middle East de-escalation hopes

European shares closed at their highest level in over a month on Tuesday, with investors welcoming signs of a resumption of Middle East peace

UK hit with big IMF growth downgrade as Iran war fuels inflation

Britain suffered the sharpest cut to economic growth forecasts for large rich economies by the International Monetary Fund due largely to the Iran

Bessent says core inflation is going down, Fed will need to cut rates

U.S.

Six ships turned around as part of Strait of Hormuz blockade, US military says

No ships have made it past a U.S. naval blockade of Iran's ports and coastal areas, and six merchant ships have followed orders to turn

Amazon's $11.6 billion Globalstar deal will not fix rocket launch bottleneck, analysts say

Amazon's $11.6 billion deal to buy Globalstar bolsters its space ambitions with satellites and wireless airwaves, but will not fix the crippling shortage of rocket

IMF cuts growth outlook, warns world already drifting toward more adverse scenario

The International Monetary Fund cut its growth outlook on Tuesday due to Middle East war-driven energy price spikes but said the world was already

Aurubis CEO expects US copper demand to reduce Comex stockpile

The massive copper stockpile on the U.S.

IFC, Citigroup sign $98 million local currency borrowing facility for South Africa

The World Bank Group’s private-sector arm, the International Finance

Carney vows to tackle cost of living in Canada with new majority government, suspends fuel tax 

Prime Minister Mark Carney said he would prioritize lowering the cost of living in Canada, tackling a housing shortage, and building major infrastructure

Trading Day: Wall Street jumps on optimism over revived US-Iran talks, focus on earnings

By Stephen Culp NEW YORK, April 14 - Stocks rallied and crude fell on Tuesday as the promise of ongoing talks between the United States and Iran boosted hopes of de-escalation in the Middle East,

Orban's defeat topples a pillar of Europe's far right, prompts scrutiny of MAGA links

 Europe's far right has lost one of its biggest champions with the defeat of Hungary's nationalist leader Viktor Orban in Sunday's election.

US alleges well-known Mexican human rights activist works for drug cartel

The U.S. on Tuesday imposed sanctions on a well-known human rights activist in Mexico who has for years levied charges of human rights abuses against

Brazil's CSN to kick off binding phase of cement unit sale in a month, CFO says

Brazilian steelmaker CSN is set to start receiving binding offers for its cement unit in just a few weeks, the company's

Iran war promises green edge for Asia as plastic packaging runs short

An 'eco-friendly' range of paper tubes and pouches touted by Yonwoo, a South Korean maker of packaging for cosmetics, has

Former US Treasury Secretary Yellen says one Fed rate cut possible this year

Former U.S.

Citi profit beats estimates as market volatility lifts trading revenue

Citigroup beat estimates for first-quarter profit on Tuesday and had the highest revenue in a decade, as geopolitical tensions fueled

JPMorgan profit beats expectations on record trading revenue, strong dealmaking

JPMorgan Chase posted a bigger-than-expected 13% jump in first-quarter profit on Tuesday as volatile markets lifted trading revenue to a record high

JPMorgan sees capital hike in latest Basel fight twist

JPMorgan Chase's required capital will increase under revised draft U.S. rules, in contrast to its Wall Street rivals which stand to win relief,

Long Iran war may require painful central bank tightening, IMF chief economist says

Central banks may need to inflict much more economic pain to control inflation fueled by a long Middle East war than they did to control the spike in

Wall St banks show trading strength, caution on economic risk

Wall Street banks reported booming trading revenues after a volatile first quarter but sounded caution about the ripple impact on clients of higher oil and geopolitical risk.

Diplomats try to arrange more US-Iran talks during first full day of American blockade

Diplomats are working through back channels to arrange more talks between the United States and Iran

Gucci sales extend falls as Iran war clouds de Meo's Kering turnaround

Sales at Kering's Italian flagship brand Gucci dropped by 8% in the first quarter from the previous year, the luxury fashion group said on Tuesday, as the

US solar cell maker Suniva investing $350 million in South Carolina expansion

U.S. solar manufacturer Suniva said on Tuesday it will invest $350 million in a South Carolina cell factory, with production starting in early 2027.

US truckers' diesel spending hits record high on Middle East conflict

The more than 3 million U.S. truckers who move goods for everything from grocery stores to factories to construction sites

Bessent disparages IMF, World Bank forecasts, says US will quickly cycle through higher prices

U.S.

Irish government majority cut as two lawmakers quit over fuel protests

Two lawmakers backing the Irish government withdrew their support on Tuesday in protest over its response to a wave of public demonstrations against

Citadel's Ken Griffin says Iran war threatens global recession

Billionaire investor Ken Griffin warned on Tuesday that the world could face a global recession if the Strait of Hormuz remains closed for a

War spurs EU plan for electricity tax cuts, faster shift from fossil fuels, draft shows

The European Union plans to reduce electricity taxes and expand clean technologies faster to cut consumers' exposure to soaring oil and gas prices, as

Dollar falls on hopes for Middle East talks

The dollar fell on Tuesday and was poised for a seventh straight daily decline as investors grew optimistic that a peace deal between the U.S. and

United's chief takes fight with American to White House with merger pitch

For more than a decade, United Airlines CEO Scott Kirby has argued that the U.S. airline industry can support only two true global premium carriers.

IMF slashes growth forecast for Middle East as Gulf exporters reel from impact of war

The Middle East and North Africa region is expected to have sharply slower growth this year as oil-exporting countries grapple with the fallout from the Iran war, the

Wall Street monitors private credit risk as AI disruption, outflows cause concern