Countries across the world, including some of America’s closest allies, condemned President Donald Trump’s announcement of reciprocal tariffs and some pledged counter-measures while hoping the White House would be open to negotiations. China urged the United States to immediately cancel…

SEOUL -South Korea’s acting President Han Duck-soo ordered emergency support measures for businesses that will be impacted by the imposition of U.S. tariffs, including automobiles, the industry ministry said on Thursday. U.S. President Donald Trump has unveiled global reciprocal tariffs…

BRASILIA – The Brazilian government said on Wednesday it is evaluating all the possible actions in response to the United States’ decision to impose 10% tariffs on imports from Latin America’s No. 1 economy. “The Brazilian government is evaluating all…

PARIS – Sales of French wine and spirits are expected to slide at least 20% after U.S. President Donald Trump announced global tariffs, Gabriel Picard, chairman of French wine and spirits exporters industry group FEVS said on BFM TV on…

TOKYO – Japan’s jobless rate in February fell to 2.4% from 2.5% in January, government data showed on Tuesday. Economists’ median forecast was for 2.5%. The jobs-to-applicants ratio also dipped to 1.24 in February from 1.26 in January. The median…

NEW YORK – Making sense of the forces driving global markets Today’s Key Market Moves * The S&P 500 ends up 0.55% at 5,611.51 * The 10-year U.S. Treasury note yield falls 3.3 basispoints to 4.222% * The euro falls…

WASHINGTON – U.S. President Donald Trump’s push for sweeping tariffs is creating great uncertainty and denting confidence but is not likely to trigger a near-term recession, International Monetary Fund Managing Director Kristalina Georgieva said on Monday. “We are not seeing…

NEW YORK -As Wall Street draws the curtain on a tumultuous quarter in which stocks logged a record high before tumbling into correction, investors are faced with a mountain of policy uncertainty that clouds the outlook for coming quarters. The…

BUENOS AIRES – Argentina’s mining exports reached a historic high in January and February this year, outdoing the prior record from the same period a decade ago by 13%, the mining ministry reported on Monday. The first two months of…

WASHINGTON -The U.S. Treasury Department’s Office of the Comptroller of the Currency withdrew principles providing guidance to banks for climate-related financial risk, the financial regulator said on Monday. Since taking office on January 20, President Donald Trump has announced withdrawal…

NEW YORK – New York Federal Reserve President John Williams said on Monday that monetary policy is “well positioned” for what the economy might do this year, as he acknowledged there are risks that inflation could once again heat up….

BOGOTA – Colombia’s central bank held the benchmark interest rate at 9.5% on Monday, surprising the market, which expected policymakers to resume cuts to borrowing costs despite inflation pressures and a difficult fiscal situation. The decision was backed by a…

European shares fell on Monday, as cautious investors fled risky bets after U.S. President Donald Trump said that tariffs would target all countries, fuelling fears of a global economic slowdown. The pan-European STOXX 600 index fell 1.2%, as of 0709…

German retail sales in February exceeded expectations but a rise in import prices indicated a looming inflation surge, potentially dampening consumer spending, according to data published on Monday. Retail sales rose by 0.8% compared with the previous month, data showed…

BRASILIA- Brazil’s central bank’s monetary policy director said on Monday that policymakers “strongly believe” that long-term unachored inflation expectations are due to concerns over potential fiscal surprises. Speaking at an event hosted by Itau BBA, Nilton David also said the…

LONDON – Ukraine’s dollar bonds and GDP warrant slid more than 1 cent on Monday as hopes for ceasefire proposals with Russia from U.S. President Donald Trump appeared to falter. The GDP warrant shed 1.29 cents to be bid at…

BANGKOK – The ratio of household debt to gross domestic product in Thailand dropped slightly to 88.4% at the end of the final quarter of 2024 from a revised 88.9% at the end of the third quarter, central bank data…

NEW YORK/LONDON -Global equity markets were lower and safe-haven gold hit a fresh record high on Monday after U.S. President Donald Trump said tariffs would essentially cover all countries, stoking worries a global trade war could lead to a recession….

NEW YORK -The safe-haven Japanese yen rose on Monday, but was slightly softer against the dollar as uncertainty around U.S. tariffs kept traders mostly on the sidelines waiting for clarity on President Donald Trump’s trade policies. The yen has been…

TOKYO – Japanese banks may need to offer business turnaround support to companies hit by tariffs imposed by the administration of U.S. President Donald Trump, the head of the country’s banking lobby said. Many large Japanese firms, including major exporters…

MOSCOW – The Russian rouble is seen weakening back to the level of around 100 to the U.S. dollar in one year from now, following a rally at the start of this year, a Reuters poll of 18 economists showed…

WELLINGTON- New Zealand’s central bank said on Monday it would undertake an evidence-based review of its capital regime, assessing it against the settings in other countries in a bid to boost competition in the banking sector. “We have heard the…

British business confidence held steady this month, matching February’s six-month high and adding to tentative signs of an uptick in the economy in early 2025, a survey showed on Monday. The Lloyds Bank Business Barometer stayed at 49% in March,…

LONDON – UK job vacancies saw the fastest month-on-month growth in three years in February, according to data published on Monday that contrasted with a largely gloomy outlook for the economy. Job search company Adzuna said the 3.7% increase from…

SEOUL – South Korea’s factory output rose in February, government data showed on Monday, beating market expectations. Industrial production rose 1.0% in February from a month earlier on a seasonally adjusted basis, compared with a dip of 2.8% in January…

Global equity funds attracted large inflows in the week through March 26 when equity markets initially rebounded on optimism that President Donald Trump’s administration would apply tariffs more selectively rather than impose broad trade restrictions. Investors purchased global equity funds…

BEIJING -China will take resolute countermeasures if the United States harm the country’s interests with its upcoming reciprocal tariffs, a social media account affiliated with Chinese state broadcaster CCTV said on Friday. If the U.S. wants to discuss cooperation with…