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…

Traders on Friday continued to pull back from bets on aggressive Federal Reserve interest-rate cuts this year, as the closely-followed University of Michigan surveys of consumer sentiment showed confidence and inflation expectations deteriorating further in late March and early April….

JPMorgan Chase topped first-quarter profit estimates on record equities trading and higher fees from debt underwriting and advising on mergers, but the bank remained wary about a possible global recession this year. CEO Jamie Dimon, who warned this week of…

PARIS – Sales are brisk at the Villiers-Sur-Marne Harley-Davidson dealership outside Paris, where French bikers reckon they had better hurry if they want the American motorcycle of their dreams before trade war puts them out of reach. “It’s now or…

WASHINGTON – U.S. President Donald Trump is optimistic about reaching a trade deal with China, White House press secretary Karoline Leavitt said on Friday, amid an escalating trade war between the two economic giants that has battered markets. “The president…

DETROIT -A new analysis by the Center for Automotive Research has found that President Donald Trump’s 25% auto tariffs imposed in early April will increase costs by about $108 billion for automakers in the U.S. in 2025. The study, released…

NEW YORK -In the minutes before President Donald Trump’s social media post on Wednesday pausing tariffs sent the U.S. stock market rallying, some unidentified options traders placed bets worth millions of dollars that the market would rebound, data shows. The…

BEIJING/WASHINGTON -U.S. President Donald Trump’s stunning decision to pause the hefty duties he had just imposed on dozens of countries sent battered global stock markets surging on Thursday even as he ratcheted up a trade war with the world’s No….

WASHINGTON – U.S. consumer prices likely increased marginally in March, but inflation risks are tilted to the upside after President Donald Trump doubled down on tariffs on imported Chinese goods even as he lowered duties on other nations. The report…

Las Vegas  -Alphabet said on Wednesday it was still committed to spending some $75 billion this year to build out data center capacity despite turmoil over U.S. tariffs and sought to reassure investors that its AI plans were yielding good…

SINGAPORE -Global stocks rallied, the dollar found its footing and a manic bond selloff stabilised on Thursday after U.S. President Donald Trump said he would temporarily lower the hefty duties he had just imposed on dozens of countries. Following a…

LOS ANGELES – U.S. container imports rose 11% year over year in March, continuing this year’s outsized monthly gains, but U.S. President Donald Trump’s escalating tariffs are dimming the outlook for later this year, trade executives said. U.S. seaport imports…

LUCERNE, Switzerland -UBS Chairman Colm Kelleher on Thursday reiterated the Swiss bank’s intention to repurchase shares to the tune of $3 billion in 2025, despite looming capital rule changes and global economic uncertainty. The bank plans to repurchase $1 billion…

With markets crashing after U.S. President Donald Trump announced his latest tariffs, Citigroup’s banking head Viswas Raghavan called a global meeting of senior bankers on Monday and told them to get on the phone with their clients. Raghavan’s message was…

MADRID  – Deep-pocketed U.S. citizens paid the highest prices for Spanish property of all foreign buyers last year, while making the most purchases in some central and northern regions, data showed on Thursday, exacerbating a housing crisis in the country….

MILAN – Prada has struck a deal to buy smaller rival Versace from Capri Holdings in a move to unite two of the biggest names in Italian fashion. The deal has an enterprise value of $1.375 billion, Prada said on…

LONDON – A positive correlation between global oil benchmark Brent crude and U.S. equities has reemerged in 2025, reflecting concern about the slowing economy and the impact of U.S. President Donald Trump’s trade wars. Asset classes moving in tandem presents…

WASHINGTON – The United States is considering offers from 15 countries on tariff agreements and is close to deals with some of them, White House economic adviser Kevin Hassett said on Thursday after President Donald Trump lowered some of the…

SHENZHEN, China -Chinese companies that sell products on Amazon are preparing to hike prices for the U.S. or quit that market due to President Donald Trump’s unprecedented tariff hikes, sellers and the head of China’s largest e-commerce association said. Trump…

BRUSSELS – European Commission President Ursula von der Leyen on Thursday welcomed US President Donald Trump’s announcement of a pause in reciprocal tariffs. “Clear, predictable conditions are essential for trade and supply chains to function,” she said in a statement…

Kering shares jumped 10.8% in early Thursday trading after Italian newspaper Corriere della Sera reported that the luxury group was in talks to sell a building in Milan to a Qatari fund for more than 1.3 billion euros ($1.43 billion)….

Swiss drugmaker Novartis said on Thursday it plans to spend $23 billion to build and expand 10 facilities in the U.S., as it grapples with renewed threats of drug import duties from the Trump administration. Novartis said it plans to…

ABIDJAN – Ivory Coast, the world’s biggest cocoa producer, could take measures to make the product more expensive if tariffs proposed by U.S. President Donald Trump go into effect, the West African country’s agriculture minister said on Thursday. The Trump…

The EU is prepared to deploy its most powerful trade measures and may impose levies on U.S. digital companies if negotiations with U.S. President Donald Trump fail to end his tariff war against Europe, EU President Ursula von der Leyen…

BERLIN -BMW is considering adding shifts to its Spartanburg plant in South Carolina to boost output by up to 80,000 units, executives said on an analyst call on Thursday, as carmakers brainstorm ways to appease the Trump administration and ward…

Goldman Sachs on Thursday cut its estimate for automobile sales in the U.S. for this year by nearly 1 million units, as President Donald Trump’s tariffs make it more expensive to buy a vehicle. While Trump on Wednesday halted reciprocal…

SANTOS – Brazil’s Santos Port Authority, which administers the largest port in the Southern Hemisphere, said the draft of the port will be deepened to attract larger vessels in coming years. Speaking at the headquarters of the Santos Trade Association,…

Wall Street’s main indexes fell hard again on Thursday on concerns over the impact of high tariffs on the global economy, marking a U-turn from the previous session’s historic share gains when U.S. President Donald Trump moved to temporarily lower…

MEXICO CITY -Most of the Bank of Mexico’s five governing board members agreed that the risks associated with U.S. President Donald Trump’s tariffs will add uncertainty to the future path of inflation, minutes of its March 27 monetary policy decision…