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Investors were nervously awaiting the open of U.S. trading after Wall Street’s selloff last week following the Trump administration’s tariffs announcement, anticipating another week of turbulence as other nations react. In the two days following Trump’s Wednesday tariff announcement, the…
ABUJA – Nigeria’s central bank has sold nearly $200 million to support the naira currency after President Donald Trump’s tariffs sent shockwaves through global markets, the bank said on Sunday. The Central Bank of Nigeria (CBN) said a decline in…
WASHINGTON -A U.S. Senate “vote-a-rama” marathon session headed into the early hours of Saturday, with the aim of eventually handing Republican President Donald Trump sweeping legislation to cut taxes and reduce spending over staunch Democratic opposition. Republicans and Democrats considered…
LONDON – British Prime Minister Keir Starmer said on Saturday he was ready to step in to help “shelter” the country’s businesses from the fallout from U.S. President Donald Trump’s new tariff policies, mooting state intervention for the worst-affected industries….
PARIS – France could see a 0.5 percentage point reduction in gross domestic product growth as a result of U.S. President Donald Trump’s tariff policies, Prime Minister Francois Bayrou said in an interview on Saturday. “Trump’s policies could cost us…
J.P.Morgan ratcheted up its odds for a U.S. and global recession to 60%, as brokerages scrambled to revise their forecast models with tariff distress threatening to sap business confidence and slow down global growth. The Trump administration imposed tariffs on…
WASHINGTON – The U.S. Energy Department has identified thousands of staffers it has deemed as non-essential, including at its office that manages the country’s nuclear weapons arsenal, who would not be protected in a second round of cuts, an Associated…
LONDON -Global markets have been sucked into a downdraft after U.S. President Donald Trump’s sweeping tariffs, setting investors’ go-to warning lights flickering but not yet flashing red. S&P 500 companies have shed $5 trillion in stock market value, an all-time…
LONDON/CHICAGO -Oil prices plunged nearly 8% on Friday to the lowest level since 2021, while copper, soybeans and other commodities also fell as China retaliated against U.S. President Donald Trump’s aggressive tariffs. Safe-haven gold was down for a second day,…
The tech-heavy Nasdaq Composite index confirmed on Friday that it is in a bear market, as it has fallen 22.7% from its Dec. 16 record close, as investors fled riskier assets on fears that tariffs imposed by President Donald Trump…
Canada’s commodity-linked main stock index ended more than 10% below its January 30 record closing high on Friday, confirming a correction, as China’s move to retaliate against U.S. trade tariffs spooked investors globally. The Toronto Stock Exchange’s S&P/TSX composite index…
BEIJING/SINGAPORE -China’s retaliation on Friday against new U.S. tariffs is poised to accelerate Beijing’s move towards alternative suppliers for agricultural goods including Brazil, a shift that began during the trade war of U.S. President Donald Trump’s first term. Beijing unveiled…
NEW YORK -Global stock markets and oil prices tumbled again on Friday as China struck back against U.S. President Donald Trump’s tariffs and worries mounted about a prolonged global trade war. The Nasdaq Composite was headed toward a bear market,…
LONDON -In times of market panic investors tend to rush to the safety of the dollar, but when stocks swooned in response to U.S. tariffs this week, they ran away from it. Investors say it’s a sign that the greenback’s…
Global money market funds saw massive inflows in the week ending April 2 as investors grew cautious over U.S. President Donald Trump’s aggressive trade policies, which are heightening fears of a global slowdown and prompting some economists to revise their…
NEW YORK -Volatility measures across global financial markets jumped on Friday and Wall Street’s top “fear gauge” soared to an eight-month high as China imposed fresh tariffs on all U.S. goods in response to President Donald Trump’s sweeping levies. The…
UK shares fell sharply on Friday and are poised to end the week with substantial losses, as recession fears intensified after China retaliated against U.S. President Donald Trump’s announcement of sweeping tariffs. As of 1110 GMT, the blue-chip FTSE 100…
Wall Street fell sharply for a second straight session on Friday, pushing the Nasdaq toward a bear market, after China imposed fresh tariffs on all U.S. goods in response to the Trump administration’s sweeping levies, escalating a global trade war….
The U.S. dollar rose against major currencies such as the euro and yen on Friday after Federal Reserve Chairman Jerome Powell acknowledged the repercussions of larger-than-expected U.S. tariffs and signaled a cautious tone on future easing. Powell said tariffs increased…
Wall Street nosedived again on Friday, pushing the Nasdaq toward a bear market, after China imposed fresh tariffs on all U.S. goods in response to the Trump administration’s sweeping levies, escalating a global trade war. Losses in the S&P 500…
LAHNAU, Germany – After 25 years of building industrial equipment in the United States, German engineering firm WIWA faces a dilemma that could completely reshape its transatlantic operations after President Donald Trump implemented sweeping duties on foreign imports. Though it…
OTTAWA -Canada’s total employment fell and the unemployment rate ticked up in March, data showed on Friday, as the uncertainty around tariffs and their subsequent implementation forced companies to pause hiring and spurred some layoffs. The country shed a net…
WASHINGTON -President Donald Trump’s new tariffs are “larger than expected” and the economic fallout including higher inflation and slower growth likely will be as well, Federal Reserve Chair Jerome Powell said on Friday in remarks that pointed to the potentially…
PARIS – The European Union should not respond to U.S. President Donald Trump’s reciprocal tariffs with exactly the same counter-measures as it would impact EU consumers, French Finance Minister Eric Lombard said on Friday. Trump on Wednesday unveiled sweeping tariffs…
MEXICO CITY – Mexican President Claudia Sheinbaum said on Thursday that dialogue and cooperation remain ongoing with the United States, after U.S. President Donald Trump unveiled sweeping new tariffs that did not include Mexico. She added during a press conference…
WASHINGTON- The U.S. services sector slowed to a nine-month low in March, backing expectations that economic growth likely braked sharply in the first quarter amid uncertainty caused by import tariffs. The Institute for Supply Management (ISM) said on Thursday that…
U.S. Agriculture Secretary Brooke Rollins said on Fox News on Thursday the Trump administration is “months away” from making a decision about whether to make payments to farmers to offset any impact from tariffs. President Donald Trump on Wednesday announced…
U.S. tech heavyweights, banks and oil majors extended losses on Friday after Beijing retaliated with additional duties of 34% on U.S. goods, amplifying investor concerns over an escalating global trade war that has stoked fears of a recession. Beijing’s tariffs…
BERLIN – U.S. President Donald Trump will buckle under pressure from Germany and Europe in an escalating trade war, German Economy Minister Robert Habeck said on Thursday. “That is what I see, that Donald Trump buckles under pressure, corrects his…
JERUSALEM – Israeli Finance Minister Bezalel Smotrich said on Thursday he was convening ministry officials to formulate a course of action to protect Israel’s economy in the wake of President Donald Trump’s decision to impose tariffs on exports. As part…