BUENOS AIRES -Argentina is dismantling key parts of its years-long currency controls and loosening its grip on the peso, the central bank said on Friday, a major policy move for the South American nation ahead of a $20 billion IMF…

Meta Platforms will add former Republican official Dina Powell McCormick and fintech firm Stripe’s CEO Patrick Collison to its board, effective April 15, the social media company said on Friday. The Facebook parent said in a regulatory filing that it…

SINGAPORE – In just a week, the dollar has gone from a safe haven to investors’ whipping boy as U.S. President Donald Trump’s chaotic tariffs on friend and foe alike undermine decades of trust in the world’s reserve currency. The…

TAIPEI -Taiwan officials held their first tariff talks with U.S. officials on Friday, with both sides looking forward to further discussions soon, the island’s government said on Saturday. While Taiwan, a major semiconductor producer facing tariffs of 32%, complained they…

SEOUL/HANOI – When Samsung Electronics chairman Jay Y. Lee met Vietnam’s prime minister in July, he had a simple message to convey. “Vietnam’s success is Samsung’s success, and Vietnam’s development is Samsung’s development,” Lee told Pham Minh Chinh, pledging long-term…

WASHINGTON – U.S. consumer sentiment deteriorated sharply in April and 12-month inflation expectations surged to the highest level since 1981 amid unease over escalating trade tensions that have roiled financial markets and raised the risk of a recession. The University…

WASHINGTON – The World Bank is poised to announce a $12 billion financing package for Argentina on Friday, supplementing the International Monetary Fund’s expected approval of a $20 billion Argentina loan deal, a source with knowledge of the plan said….

European private equity firm CVC is exploring a $75 billion deal for private credit lender Golub Capital, the Financial Times reported on Friday, citing several people familiar with the situation. The private credit sector, which involves institutional lending to companies…

U.S. Defense Secretary Pete Hegseth has ordered the termination of IT services contracts, totally valued at $5.1 billion, with companies such as Accenture and Deloitte, a memo showed on Thursday. The pacts “represent non-essential spending on third party consultants” for…

BEIJING -China, Japan and South Korea finance and central bank officials met and discussed the impact of U.S. tariffs on the global and regional macroeconomic situation, China’s central bank said on Friday. The People’s Bank of China Deputy Governor Xuan…

Chinese property developer Country Garden said on Friday it had reached an agreement with a key bondholder group and was close to finalising negotiations with a group of bank creditors. The company defaulted on its offshore debt in late 2023…

Tesla on Thursday said it has launched a new version of Cybertruck in the United States, priced at $69,990. The new Cybertruck long-range variant is the cheapest among the three models it currently has in the U.S., Tesla’s website shows.

Oil prices fell on Friday and were set to drop for a second week on concerns prolonged trade war between the United States and China, the world’s largest economies, will crush crude consumption as their dispute curtails economic growth. Brent…

TOKYO – Warren Buffett’s Berkshire Hathaway has priced a 6-tranche yen denominated bond totalling 90 billion yen ($626.70 million), according to a term sheet reviewed by Reuters. The sale comes as debt deals are being shelved because of the fallout…

BEIJING/WASHINGTON – A week of turmoil unleashed by U.S. President Donald Trump’s tariffs showed little sign of easing on Friday, with markets again tumbling and foreign leaders trying to work out how to respond to a dismantling of the world…

Gold breached the key $3,200/oz level for the first time to scale a new peak on Friday, fuelled by a weaker dollar and an escalating trade war that sent investors rushing toward safe-haven assets. Spot gold rose 1.3% at $3,216.48…

Alphabet’s Google on Thursday laid off hundreds of employees in its platforms and devices unit, which works on the Android software, Pixel phones and the Chrome browser, The Information reported on Friday, citing a person with direct knowledge of the…

PARIS – French President Emmanuel Macron said on Friday that U.S. President Donald Trump’s decision this week for a 90-day suspension on tariffs he had imposed on countries gave room for only a ‘fragile pause’. “The partial suspension of American…

MONTREAL/CHICAGO – Cars, consumer goods, and industrial equipment have been delayed at ports, stuck on rail cars, and languished in warehouses at times over the last few months due to the White House’s on-again, off-again tariff policy. Planes and their…

BEIJING – China’s exports likely picked up pace in March, as factories rushed out shipments ahead of U.S. President Donald Trump’s sweeping tariffs this month, though the broadening trade war with the United States has darkened the economic outlook. Trade…

GENEVA – A former World Trade Organization boss has said the future terms of global trade, rocked by U.S. President Donald Trump’s sweeping protectionist tariffs, could be decided outside the 30-year-old international watchdog unless it reforms itself fast. The speech…

BEIJING -Beijing on Friday increased its tariffs on U.S. imports to 125%, hitting back against U.S. President Donald Trump’s decision to hike duties on Chinese goods to 145%, raising the stakes in a trade war that threatens to up-end global…

SINGAPORE -As Donald Trump’s grand plan to redefine global trade whipsaws the U.S. dollar, investors who hold tens of trillions’ worth assets in the currency may for the first time in decades be seeking ways to protect the value of…

U.S. stock index futures fell on Friday after China increased its tariffs on U.S. imports to 125%, escalating a trade war that could disrupt global trade and trigger an economic downturn. China’s move comes after U.S. President Donald Trump on…

BEIJING – U.S. chipmakers which outsource manufacturing will be exempt from China’s retaliatory tariffs on U.S. imports, according to a notice by the main Chinese semiconductor association on Friday. Given the highly specialized and multi-country nature of chip supply chains,…

BERLIN – In the Barbie movie, the iconic doll faces a pivotal decision: opt for her trademark but impractical sky-high stilettos or embrace the down-to-earth comfort of the quintessentially German Birkenstock sandal? Now, however, Barbie may have another consideration: price….

NEW YORK -Profits at major U.S. banks beat forecasts in the first quarter as stock trading jumped, but executives warned on Friday that sweeping tariffs could fuel risks and weigh on economic growth. Equity traders at JPMorgan Chase and Morgan…

BANGKOK – Thailand will cut tariffs on imports of corn from the United States, but volumes still need to be finalised, the finance minister said on Friday. The country is among those in Southeast Asia hardest hit by U.S. President…