Economy

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

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

Foxconn first-quarter revenue jumps, company cautions on geopolitics

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

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

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

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

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

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

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

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

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

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

U.S.

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

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

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

U.S.

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

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

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

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

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

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

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

U.S.

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

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

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

U.S.

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

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

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

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

Ukraine, Syria agree to cooperate on security, Zelenskiy says

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

BOJ warns of economic hit from Middle East conflict

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

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

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

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

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

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

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

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

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

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

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

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

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

US equity funds see a second successive weekly inflow

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

Kremlin says the whole Middle East is 'on fire'

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

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

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

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

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

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

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

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

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

Neurocrine expands into metabolic diseases with $2.9 billion Soleno buyout

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

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

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

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

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

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

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

UPS, Teamsters reach settlement that caps driver severance offers

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

Pope Leo XIV delivers stark words in Cameroon

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

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

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

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

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

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

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

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

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

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

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

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

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

Hormuz closure divides the fortunes of Middle Eastern oil states

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

White House says increased productivity means Fed can cut rates

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

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

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

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

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

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

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

Latam currencies gain as markets balance Iran escalation and ceasefire chances

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

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

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

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

ChatGPT maker OpenAI shifts its focus to business users amid Anthropic pressure

OpenAI executives say they will introduce a new artificial intelligence model for “high-value professional work” as the company faces heightened competition with rival Anthropic in attracting corporate customers to adopt AI assistants in their workplaces

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

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

By Nolan D.

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

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

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

Stocks choppy, oil rises as doubts persist about US-Iran peace deal

Trading on Wall Street exchanges was choppy on Thursday after stocks reached levels last seen before the selloff driven by U.S.-

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

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

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

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.

Trump tries economic reset as Republicans fret over high gas prices  

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

Trump says Israel and Lebanon agree on ceasefire, optimism grows on ending Iran war

U.S.

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

S&P 500, Nasdaq hit intraday records as Mideast hopes lift sentiment

The benchmark S&P 500 and the tech-heavy Nasdaq touched intraday record highs on Thursday as optimism surrounding a ceasefire between Israel and

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.

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

Oil prices rose on Thursday as the market questioned whether peace talks between the U.S. and Iran would resolve disruptions to Middle

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.