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…

BERLIN – The European Union and China have begun negotiations on the abolition of EU tariffs on imports of Chinese electric cars, German newspaper Handelsblatt reported on Thursday. EU trade commissioner Maros Sefcovic met China commerce minister Wang Wentao during…

Chinese tea chain Chagee said on Thursday it was targeting a valuation of up to $5.1 billion in its U.S. initial public offering, braving choppy market conditions. Market volatility stemming from uncertainty over U.S. trade policy has tempered IPO activity…

SYDNEY – Australia on Thursday declined Beijing’s proposal to work together to counter U.S. tariffs, saying instead it would continue to diversify its trade and lower its reliance on China, its largest trading partner. “We are not going to be…

Oil prices fell around 1% on Thursday as U.S. President Donald Trump ramped up a trade war with China, even as he announced a 90-day pause on tariffs aimed at other countries. Brent futures fell 73 cents, 1.1%, to $64.73…

WASHINGTON – President Donald Trump on Wednesday paused for 90 days many tariffs but is not halting 25% tariffs on automotive imports and looming tariffs on auto parts, drawing criticism from Michigan business and auto groups. The Detroit Regional Chamber…

U.S. shale firm Occidental Petroleum said on Wednesday the prices it received for oil and gas production during the first quarter were higher than in the preceding three months. Benchmark Brent crude prices averaged $74.98 a barrel during the first…

NEW YORK – Short interest on the Nasdaq rose 0.6% in late March, the exchange said on Wednesday. As of March 31, short interest climbed to about 15.754 billion shares, compared with 15.664 billion shares as of March 14. Investors…

NEW YORK/LONDON – Wall Street bosses are girding for Europe to sideline American investment banks in response to the tariff war unleashed by U.S. President Donald Trump, fearing client boycotts and in a worst-case scenario, even formal restrictions. More than…

WASHINGTON -U.S. President Donald Trump said on Wednesday that he does not want U.S. Steel Corp to go to Japan, suggesting he no longer supports Nippon Steel’s bid for the American steel producer. The comment appeared to contradict recent actions…

WASHINGTON – U.S. President Donald Trump on Wednesday abruptly paused part of his tariff assault on global trading partners, dialing back duty rates on goods from many countries for 90 days to allow room to negotiate lower trade barriers, even…

The Federal Reserve’s decision to dramatically decelerate the pace of its balance sheet drawdown last month garnered broad support from policymakers, although there was more internal opposition to the shift than first understood, minutes from the central bank’s latest meeting…

DAKAR – U.S. lawmakers have introduced legislation that could block International Monetary Fund support for some Central African countries, in an effort to guard billions of dollars that oil companies must set aside for environmental restoration. The bill highlights a…

BERLIN -Volkswagen said the uncertainty caused by U.S. President Donald Trump’s tariffs was among the factors leading its operating results to plunge to 2.8 billion euros ($3.07 billion) in the first quarter from 4.6 billion last year. Results at Europe’s…

Federal Reserve policymakers worry U.S. President Donald Trump’s trade policy could deal a blow to economic growth, but are signaling they won’t be quick to ride to the rescue with interest rate cuts because they expect increased tariffs to boost…

LONDON -U.S. President Donald Trump late on Tuesday reiterated he would impose tariffs on imports of pharmaceutical products that have long been spared from past trade disputes due to the potential for harm to patients. Trump excluded them from his…

NEW YORK – Wall Street surged after U.S. President Donald Trump announced a 90-day pause in tariffs unveiled last week that roiled markets and erased trillions of dollars from global stock markets. The policy changes also include a lowered overall…

Traders on Wednesday sharply trimmed their bets on Federal Reserve interest-rate cuts after U.S. President Donald Trump said he was further increasing tariffs on China but pausing for 90 days the big tariff increases he had announced last week for…

WASHINGTON -U.S. Treasury Secretary Scott Bessent on Wednesday said he thinks the Trump administration can reach tariff deals with U.S. allies as he prepares to lead negotiations with more than 70 countries in coming weeks, warning that moves to align…

U.S. Treasury investors were left bruised on Wednesday despite a temporary pause in U.S. tariffs, as some funds were forced to sell bonds in a dash for cash while others called into question the bonds’ status as the world’s safest…

Elon Musk’s xAI has nearly doubled gas turbines at its Tennessee data center, exceeding previously known figures and surpassing the number for which the company has submitted permits, according to a letter from community groups to the county’s health department….

U.S. refiners are not planning to make big-ticket investments to process more domestic crude and less oil from top suppliers Canada and Mexico, industry sources and analysts said, an obstacle to President Trump’s plan to boost oil output. Trump’s pledge…

The U.S. corporate bond market has shut again after opening for just one bond offering on Tuesday, as spreads in the week after President Donald Trump’s Liberation Day tariffs have widened the most since 2023’s regional banking crisis. Since Trump’s…

Traton reported a 10% drop in first-quarter deliveries and said the quarter’s operating will fall short of market expectations, Volkswagen’s trucks business said on Wednesday. The company said it sold 73,100 trucks and buses in the first quarter, compared with…

LONDON – Blackstone has said it has closed a 9.8 billion euro ($10.8 billion) European property fund, as it bets on signs of recovery for the sector despite deepening market turmoil. The fundraise for the Europe Real Estate Partners VII…

GENEVA -China told the World Trade Organization on Wednesday that the United States’ decision to impose what it has called reciprocal tariffs on Beijing threatens to further destabilise global trade. “The situation has dangerously escalated. …As one of the affected…

NEW YORK – JPMorgan Chase CEO Jamie Dimon said on Wednesday that sweeping tariffs imposed by U.S. President Donald Trump will probably lead to a recession and defaults by borrowers, he told Fox Business’ Mornings with Maria. “So long as…

HONG KONG – China began censoring some tariff-related content on social media on Wednesday after U.S. “reciprocal” tariffs on dozens of countries took effect, including massive 104% duties on Chinese goods, while posts criticising the U.S. were top hits. Hashtags…

SHAOXING, China – Chinese producers of plastic Christmas trees and other festive decorations say orders from U.S. clients, which are crucial for their business, should have started to come in by now. But because of surging import tariffs, they haven’t….

Elon Musk’s X has reached an agreement to resolve claims that live streaming service Twitch conspired with other companies and an advertising industry group to boycott the social media platform, causing it to lose ad revenue. In a court filing…