NEW YORK – A violent U.S. Treasury selloff, evoking the COVID-era “dash for cash,” has reignited fears of fragility in the world’s biggest bond market. The $29-trillion Treasury market had surged in recent weeks as investors dumped stocks for the…

LONDON – A British lawmaker has introduced a private member’s bill that would set new rules around debt restructurings in a push to speed up negotiations for poor countries struggling with unsustainable debt. Bambos Charalambous, who introduced the bill late…

MADRID – The impact of U.S. tariffs on Spain will lead the Bank of Spain to revise down its growth forecasts, Spain’s central bank governor and European Central Bank’s policymaker Jose Luis Escriva said on Wednesday.

The interest rate for the most popular U.S. home loan dropped to 6.61% last week, the lowest rate since October, giving a boost to mortgage applications even as global stocks tumbled in the wake of President Donald Trump’s decision to…

LONDON – Investors are dumping U.S. assets they usually favour in times of turmoil as fear over the economic impact of U.S. President Donald Trump’s reciprocal tariffs shakes confidence in traditional safe-havens. The dollar and U.S. Treasuries have taken a…

European shares fell on Wednesday as steep U.S. reciprocal tariffs kicked in, exacerbating fears over the economic damage caused by the trade war that even spread to the bond market. The pan-European STOXX 600 slumped 2.5% at 0711 GMT, as…

NEW YORK – Major stock indexes fell on Tuesday as the trade war between the United States and China intensified, while oil prices and the U.S. dollar also eased. The United States said 104% duties on imports from China will…

WASHINGTON -U.S. Trade Representative Jamieson Greer told U.S. senators on Tuesday that President Donald Trump’s administration will not change tactics on tariffs in the near term and warned that some pain for businesses will be necessary to bring home manufacturing…

SINGAPORE – Oil prices dropped to their lowest in more than four years in early trade on Wednesday on looming demand concerns fuelled by an escalating tariff war between the U.S. and China, the world’s two biggest economies, and a…

NEW YORK/LONDON -The Euro gained on Tuesday following reports that German political parties had agreed to form a coalition, while the U.S. dollar weakened against major currencies and China’s offshore yuan hit a record low. Germany’s conservatives under chancellor-in-waiting Friedrich…

SECAUCUS, New Jersey – Pushing a shopping cart down the aisle of a Walmart Supercenter, Thomas Jennings, 53, loaded up on juices, condiments and whatever he could think of. “I’m buying double of whatever – beans, canned goods, flour, you…

Wall Street’s main indexes flitted between red and green on Tuesday afternoon after rallying sharply in the morning as investors’ hopes ebbed for U.S. delays or concessions on tariffs ahead of a midnight deadline. After stocks tumbled at their fastest…

WASHINGTON – U.S. tariff negotiations are the result of calls from other countries not sliding financial markets and China’s escalation is a big mistake, U.S. Treasury Secretary Scott Bessent said on Tuesday. “I think it was a big mistake, this…

TOKYO -Japanese Prime Minister Shigeru Ishiba said on Monday he told U.S. President Donald Trump in a telephone call that his tariff policies are extremely disappointing and urged him to rethink. “I’ve told the President that Japan has been the…

The S&P 500 and the Dow closed lower on Monday after a roller coaster session, with investors worried about an economic slowdown and rising inflation as U.S. President Donald Trump dug in his heels on tariffs, warning he could further…

OTTAWA – The probability of a U.S. recession has risen significantly thanks to President Donald Trump’s tariffs and that will have a major negative effect on the Canadian economy, Prime Minister Mark Carney said on Monday. Carney also told a…

WASHINGTON – U.S. Trade Representative Jamieson Greer will tell the Senate Finance Committee on Tuesday that nearly 50 countries have approached him to discuss new sweeping tariffs imposed by President Donald Trump. “Several of these countries, such as Argentina, Vietnam,…

ATHENS  – Greece’s economy can withstand the new challenges that U.S. tariffs pose, Prime Minister Kyriakos Mitsotakis said on Monday, as the country awaits a unified European Union stance on the matter. U.S. President Donald Trump’s sweeping tariff plans hammered global…

European shares plunged to a 16-month low on Monday as investors grappled with the possibility of a recession after sweeping tariffs announced by United States last week. U.S. President Donald Trump showed no sign of backing away from the tariff…

WASHINGTON – U.S. President Donald Trump said on Monday he will impose an additional 50% tariff on China if Beijing does not withdraw its retaliatory tariffs on the United States. “Additionally, all talks with China concerning their requested meetings with…

MEXICO CITY  – Mexico’s President Claudia Sheinbaum said on Monday that her government would like to avoid imposing reciprocal tariffs on the U.S. after President Donald Trump’s sweeping tariff plans, though she said it could not be ruled out. Trump…

WELLINGTON – New Zealand said on Monday it would boost defence spending by NZ$9 billion ($5 billion) over the next four years and aim to nearly double spending as a proportion of GDP to 2% in the next 8 years….

SHANGHAI  -Hong Kong and Chinese stocks dived on Monday as markets around the world crumbled in the face of a widening global trade war and fears it will unleash a deep recession. Hong Kong’s Hang Seng index slumped more than…

MADRID – Spanish Economy Minister Carlos Cuerpo said on Monday he would push the European Union to approve aid for industries hit by US tariffs at a meeting of EU finance ministers to be held that day. Spain on Thursday…

WASHINGTON – Israeli Prime Minister Benjamin Netanyahu will seek to limit the sting of tariffs imposed on his country when he meets U.S. President Donald Trump on Monday, a visit likely to be closely watched by world leaders as global…

DETROIT  – U.S. and Canada auto sales could decline by 1.8 million vehicles this year and be stagnant over the next decade if the global trade war escalates, a Detroit-area automotive advisory firm forecasts. If the current tariffs stay in…

NAIROBI – Kenya is among those exporters hoping a smaller Trump tariff blow vis-a-vis competitors might help them emerge as winners in the nascent global trade war, but translating the disparity into an advantage will be an uphill struggle. As…

TOKYO -Japanese Prime Minister Shigeru Ishiba said on Monday the government will continue to ask U.S. President Donald Trump to lower tariffs against Japan, but acknowledged results “won’t come overnight.” “As such, the government must take all available means” to…

SYDNEY -Asian markets faced more turmoil on Monday as fears of a global trade war saw Wall Street futures plunge, while investors wagered the mounting risk of recession could see U.S. rates cut as early as May. S&P 500 futures…

U.S. stock futures opened sharply lower late on Sunday, suggesting a continuation of the two-day selloff that wiped trillions from equity values after the Trump administration’s tariffs announcement last week. COMMENTS: ROBERT PAVLIK, SENIOR PORTFOLIO MANAGER, DAKOTA WEALTH, FAIRFIELD, CONNECTICUT:…