Economy

Latam currencies gain as markets balance Iran escalation and ceasefire chances

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

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

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

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

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

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

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

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

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

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

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

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

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

By Max A.

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

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

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

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

US ends probe into Tesla remote driving feature after software updates

The U.S.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

PepsiCo's sales jump after it cuts prices

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

HVAC firm Madison Air raises $2.2 billion in US IPO

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

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

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

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

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

Foreigners boost US Treasury holdings to record highs in February

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

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

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

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

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

Aerospace parts maker Arxis raises $1.13 billion in US IPO

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

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

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

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

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

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

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

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

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

US Senate Republicans back Trump military sales to Israel

The U.S.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

European banks can withstand current shocks, watchdog head says

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

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

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

Japan, US agree to strengthen communication on exchange rates

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

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

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

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

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

US-sanctioned supertankers enter Gulf despite blockade

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

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

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

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

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

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

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

How surging bond yields add to Europe's fiscal headaches

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

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

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

Truce trades ramp up as Trump touts Israel-Lebanon talks

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

Nepal panel to probe property, assets of politicians and officials

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

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

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

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

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

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

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

TSMC Q1 profit jumps 58% to record, beats expectations

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

Australia refinery fire worsens fuel supply crunch amid Iran war

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

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

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

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

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

Brazilian payments firm Ebanx makes Southeast Asia push

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

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

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

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

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

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

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

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

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

German banks examine risks of Anthropic's Mythos with authorities

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

US judge rejects Trump administration bid to block Hawaii climate lawsuit

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

Dollar steady as traders weigh escalating Iran war against ceasefire hopes

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

US dollar climbs on technical rally; prospect for US-Iran peace deal in focus

The U.S. dollar rose against major currencies on Thursday, retracing some of its recent losses on

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

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

Peruvian markets stumble as Castillo-backed leftist gains ground

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

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

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

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

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

Can Iran legally impose tolls on the Strait of Hormuz?

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

New Jersey voters decide who will fill Mikie Sherrill’s House seat

By Nolan D.

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

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

Samsung asks court to block illegal strike activities by unions

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Strong ASML, TSMC forecasts signal AI spending boom is intact

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

Six-week roundtrip

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

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

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

Travelers profit rises on stronger underwriting, lower catastrophe losses

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

The U.N.

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

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

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

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

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

U.S.

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

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

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

Spot premiums for U.S.

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

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

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

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

A breakthrough deal or a crude awakening?

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

Iran rejects ceasefire as Trump ramps up threats ahead of deadline

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

LG Energy Solution flags Q1 operating loss on weak EV demand

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

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

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

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

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

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

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

Kenya private sector activity shrinks for first time since August 2025

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Toronto home sales snap losing streak as lower prices entice buyers

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

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

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

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

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

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

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

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

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

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

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

Final countdown?

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

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

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

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

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

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

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

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

By Michael S.

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

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

Wall St opens lower ahead of Trump's Iran deadline

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

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

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

Oil surges on US blockade of Iran

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

Novo Nordisk launches higher-dose Wegovy in the United States

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

Russia says Middle East war disruption opens up new trade opportunities

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

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

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

US business spending on equipment on solid ground before Iran war

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

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

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

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

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

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

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

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

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

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

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

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

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

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

By Michael S.

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

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

Key quotes from Vance and Orban's news conference

U.S.

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

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

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

India

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Bayer US head says tariffs will not affect its 2026 forecasts

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

Health insurers rise after US lifts 2027 Medicare Advantage payment rates

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

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

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

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

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

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

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

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

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

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

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

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

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

Dollar holds firm ahead of Trump's Iran deadline

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

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

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

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

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

US transportation secretary sees room for airline mergers

U.S.

Hyundai resuming new Palisade SUV sales after finalizing fix

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

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

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

Australia boosts military spending as Iran war makes global impact

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

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

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

Ticketmaster and Live Nation hold illegal monopolies, US jury finds

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

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

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

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

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

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

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

Trump bets his tax cuts will please Las Vegas voters on his swing West

President Donald Trump is betting that the tax cuts he signed into law last year will resonate with voters in Las Vegas

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

Price hikes, outlook cuts - What airlines are doing as fuel costs surge

A surge in jet fuel prices driven by the U.S.-Israeli war on Iran has upended the global aviation industry, forcing airlines to raise fares and revise their financial outlooks.

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