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SAO PAULO – Brazilian Finance Minister Fernando Haddad said Brazil and the U.S. are negotiating the terms of an understanding on tariffs. Haddad said on Sunday that he spoke to U.S. Treasury Secretary Scott Bessent “on behalf of the region,”…
The S&P 500 and the Nasdaq were lower on Monday after U.S. President Donald Trump rekindled worries about the fallout of a global trade war by introducing new tariffs, while focus remained on the Federal Reserve’s monetary policy decision later…
NEW YORK/ LONDON – MSCI’s global equities index was lower on Monday, oil prices fell on the prospect of production increases and Taiwan’s dollar hit its highest in nearly three years against the U.S. dollar, marking the start of a…
ISTANBUL -Turkey’s monthly inflation rate is expected to climb to 3.1% in April, driven by energy prices and lira depreciation following the imprisonment of President Tayyip Erdogan’s main political rival, a Reuters poll showed on Tuesday. The median estimate of…
United Parcel Service on Tuesday said it would slash 20,000 jobs and shut 73 facilities as part of a planned reduction in deliveries for Amazon.com, and as U.S. President Donald Trump’s tariffs roil global trade. A UPS spokesman said the…
WASHINGTON -U.S. House Republicans are proposing $15 billion in new funding for air traffic control reform and a new $200 fee on electric cars as part of wide-range tax reform bill under consideration. The House Transportation and Infrastructure Committee on…
NEW YORK -Wall Street fluctuated between gains and losses on Tuesday while crude and gold prices slid as investors juggled corporate earnings, signs of progress in President Donald Trump’s multi-front tariff negotiations, and generally downbeat economic data. All three major…
NEW YORK – Oil prices fell about 2% to a two-week low on Tuesday on expectations OPEC+ will boost output even as U.S. President Donald Trump’s on-again off-again trade tariffs could reduce global economic growth and demand for the fuel….
Morning Bid U.S. A look at the day ahead in U.S. and global markets from Mike Dolan The furious April for U.S. markets has calmed down a bit as the month draws to a close on Wednesday, and now its…
BEIJING -The vice head of China’s state planner said on Monday he was “fully confident” the world’s second-largest economy would achieve its economic growth target of around 5% for 2025, pledging new policies to be rolled out over the second…
SHANGHAI -China’s gold consumption fell 5.96% year-on-year to 290.492 tons in the first quarter of 2025 as high gold prices continued to curb demand for gold jewellery, the China Gold Association said on Monday. The rise in gold prices has…
BERLIN -Germany has asked the European Commission for an exemption from European Union borrowing limits in order to increase defence spending in the coming years, according to a letter from German Finance Minister Joerg Kukies seen by Reuters on Monday….
BRUSSELS – The European Commission has approved €321.2 million in restructuring aid granted by Germany for Condor under EU State aid rules, it said on a statement on Monday. The decision follows a May 2024 court ruling that annulled the…
SAO PAULO – An application by the United States’ National Coffee Association (NCA) to get coffee exempted from tariffs imposed by U.S. President Donald Trump has been well received, the NCA’s CEO Bill Murray said during an industry event in…
BERLIN -The German economy could suffer “a slight recession” in 2025, Bundesbank President Joachim Nagel told Reuters on Wednesday, contracting for a third consecutive year for the first time. The German government has cut its economic forecast for this year…
BERLIN – The German government cut its economic forecast for this year and now foresees stagnation instead of 0.3% growth, a source told Reuters on Tuesday, confirming a report by the Handelsblatt newspaper. For 2026, the government now expects growth…
SAO PAULO – Brazil’s 2025/26 coffee crop is forecast to decline by between 3% to 6.4% versus the previous cycle, mostly due to dry weather in 2024, according to two estimates published by different banks on Tuesday. Following a crop…
NEW YORK -U.S. stocks climbed more than 2% on Tuesday after the previous day’s selloff, while the dollar edged higher even as investors continued to assess U.S. President Donald Trump’s criticism of the Federal Reserve chair. U.S. Treasury long-term yields…
MADRID -Spanish Prime Minister Pedro Sanchez said on Tuesday his government will meet NATO’s target of 2% of gross domestic product (GDP) on defence spending this year, long before its previous self-imposed deadline of 2029. He announced a plan to…
BERLIN -The German government foresees inflation falling to 2% this year and then to 1.9% next year, a source told Reuters on Tuesday.
TOKYO -Chinese Premier Li Qiang has sent a letter to Japanese Prime Minister Shigeru Ishiba calling for a coordinated response to U.S. President Donald Trump’s tariff measures, Japan’s Kyodo news agency reported on Tuesday. The letter, sent via the Chinese…
WASHINGTON -President Donald Trump said on Thursday he believes Federal Reserve chair Jerome Powell will leave his job if Trump asks him to do so, although the U.S. central bank chief himself has said he would not leave if asked…
LOS ANGELES -The U.S. Trade office will this week announce its plan for levying port fees on China-linked ships as part of President Donald Trump’s effort to revive domestic shipbuilding and counter China’s dominance on the high seas. The proposed…
President Donald Trump on Thursday said he expects to make a trade deal with China, though he offered no specifics or indications of how talks would get underway with the two superpowers at an apparent impasse. “Oh we’re going to…
LONDON – Traders saw the all-clear on Thursday from the European Central Bank to bet on even steeper interest rate cuts ahead, confident the central bank will ease policy further if trade tensions dent a fragile economy. The ECB cut…
China’s leader Xi Jinping urged Cambodia to “resist protectionism,” as he arrived in Phnom Penh on Thursday at the end of a three-nation tour of Southeast Asia, as U.S. tariffs threatened the economies of both countries. Cambodia is a major…
NEW YORK -Oil prices rose to the highest in two weeks on Thursday, supported by hopes for a trade deal between the United States and the European Union and new U.S. sanctions to curb Iranian oil exports, which continued to…
BOSTON/LONDON -Most stocks and the dollar ticked up on Thursday as traders took some heart from trade talks between the U.S. and Japan, though the positive mood was curbed by Federal Reserve Chair Jerome Powell saying the Fed would be…
The S&P 500 and the Nasdaq rose on Thursday on the final trading day of the week, with focus on U.S.-Japan tariff talks, while a slump in UnitedHealth’s shares following a forecast cut by the insurer weighed on the Dow….
KYIV -Ukraine’s central bank kept its key interest rate unchanged at 15.5% on Thursday and said it expected consumer price inflation to start declining this summer. It warned, however, that global trade disputes as well as wartime challenges would limit…