Economy

Equities turn around on renewed Middle East hopes, oil pares gains 

MSCI's global equities gauge gained modestly on Thursday while the dollar lost ground and oil's rally narrowed, after Israel sought

SiFive raises $400 million from Atreides, Nvidia for data-center chip technology 

American Airlines, Alaska Air hike checked baggage fees amid soaring fuel prices

American Airlines and Alaska Air said on Thursday they are hiking checked baggage fees, as carriers seek to pass on soaring jet fuel costs linked to escalating tensions in the

OpenAI pauses UK data centre project over regulation, costs

ChatGPT-maker OpenAI is pausing its main data centre project in Britain over an unfavourable regulatory environment and high energy costs, dealing a blow to the

USTR's Greer sees no changes in data rules that bar Chinese vehicles from US

U.S.

CarMax settles with activist Starboard with two new board appointments

CarMax said on Thursday it would add Bill Cobb and Jim Kessler to its board in connection with its 2026 annual shareholder meeting, after activist investor Starboard Value pushed

StubHub to pay $10 million to settle FTC ticket price case

StubHub Holdings on Thursday agreed to pay $10 million to settle U.S.

Trading Day: Ceasefire sends stocks higher

U.S. stocks rallied on Thursday, with the S&P 500 and Nasdaq clocking their seventh daily gain, as investors shrugged off a rise in oil prices

US-Iran ceasefire: what we know

Here is what we know following Tuesday evening's dramatic reversal by U.S. President Donald Trump of his threats to attack Iran's civilian infrastructure. 

USA Rare Earth considers building French magnet plant

USA Rare Earth is considering building a magnet plant in France, its CEO said on Thursday, after agreeing to pay 40 million euros ($47 million) for a stake

Trump says Iran should not charge fees to tankers going through Strait of Hormuz

President Donald Trump said on Thursday Iran should not charge fees to tankers going through the Strait of Hormuz, which has been blockaded since the

How a retired cranberry bog helped change the game for wetland restoration

The largest restored wetlands in Massachusetts now cover hundreds of acres of what used to be cranberry farms

World Bank could mobilize at least $20 billion in post-war support, Bloomberg news reports

The World Bank Group could mobilize $20 billion to $25 billion in rapid financing to countries grappling with the economic fallout of the war in Iran, Bloomberg News reported on

Wall Street ends higher as Middle East peace talks lift sentiment

U.S. stocks advanced on Thursday, as ongoing negotiations toward a peaceful resolution to the six-week Middle East conflict helped ease

Israel seeks Lebanon talks after bombardments threaten Iran truce

Israeli Prime Minister Benjamin Netanyahu said on Thursday he is seeking direct talks

Fitch cuts FS KKR Capital rating to junk territory as asset quality weakens

Fitch Ratings on Thursday downgraded its rating on a private credit fund jointly run by Future Standard and KKR to junk territory, citing continued deterioration in its asset

Banker's payments to big names in Brasilia stoke election tensions

A Brazilian banker arrested last month on fraud allegations had paid millions to powerful figures across the political spectrum,

Senate committee delays Fed nominee's hearing, Punchbowl reports

The U.S. Senate Banking Committee is no longer planning to hold a confirmation hearing for Kevin Warsh, U.S.

Venezuela approves mining law to encourage foreign investment

Venezuela's ruling party-controlled National Assembly on Thursday approved a mining law expected to open the sector to private and

US PCE inflation picks up in February; consumer spending solid

U.S. inflation increased as expected in February and likely rose further in March amid the war with Iran, a trend that is expected to discourage the Federal Reserve

SpaceX posted nearly $5 billion loss in 2025, The Information reports

Elon Musk's IPO-bound SpaceX posted a loss of nearly $5 billion in 2025 on revenue of more than $18.5 billion, The Information reported on Thursday, citing sources.

South Korean central bank stands pat as Middle East war fuels inflation, growth risks

South Korea's central bank kept its policy interest rate steady on Friday, maintaining a cautious stance as the conflict in Iran threatens to heat up domestic inflation and

US Republicans block bid to rein in Trump Iran war powers

U.S.

Ecuador raises tariffs on Colombia to 100% from 50% as tensions escalate

Ecuador's government on Thursday said it was raising tariffs on imports from its larger neighbor Colombia to 100% from a prior level of 50%,

Trump says he’ll fire Powell next month if he stays in his role at the Fed

Trump says he’ll fire Powell next month if he stays in his role at the Fed

UK's Starmer says Iran conflict shows Britain must take a new path

Prime Minister Keir Starmer on Thursday said the Iran war must become a turning point for Britain after two decades of crises, and he promised to

Russian diplomat: Moscow will not abandon Cuba, help with energy

Russia will never abandon or betray Cuba and plans to help the Communist island tackle energy issues linked to a U.S. embargo, a Russian deputy foreign minister was quoted as

BOJ will set policy with eye on scale, length of Iran war shock, deputy governor says

Bank of Japan Deputy Governor Ryozo Himino said on Friday the central bank will guide monetary policy with an eye on the scale and length of the economic shock caused by

China sees first producer inflation in over three years

China's factory-gate prices in March turned positive for the first time in more than three years, official data showed on Friday, pointing to rising import cost pressures

Japan rules out major domestic risks from private credit for now

Japanese Finance Minister Satsuki Katayama said on Friday private credit does not pose a major issue domestically at present but noted risks linked to

Japan wholesale inflation jumps, BOJ vows vigilance to stagflation risk

Japanese wholesale inflation jumped in March and the central bank's deputy governor called for vigilance to the risk of stagflation, highlighting mounting

Apple to shutter its first unionized US store in Maryland

Apple said on Thursday that it will shut down its retail store in Towson, Maryland, the first of its U.S. locations where retail employees successfully unionized in 2022.

Asia Pacific faces weaker growth and higher inflation from Middle East crisis, ADB warns  

Growth in developing Asia and the Pacific is expected to slow this year as the conflict in the Middle East disrupts trade and energy markets, the Asian Development Bank

Pakistan's high-stakes Iran peace bid is fraught with risk

Pakistan is under huge pressure to pull off what some diplomats regard as mission impossible: broker a peace deal between Iran and the

South Korea holds rates steady as Iran war fans inflation, growth risks

South Korea's central bank kept its policy interest rate steady on Friday and warned of a highly uncertain path ahead as a broadening conflict

Saudi Arabia says attacks cut oil output and East-West Pipeline flow

Attacks on Saudi energy facilities have cut the kingdom's oil production capacity by around 600,000 barrels per day and

US Justice Department opens probe into NFL over anticompetitive practices, source says

The U.S.

'That is not the agreement we have!'

A look at the day ahead in European and global markets from Gregor Stuart Hunter The U.S.-Iran ceasefire agreed this week looks increasingly strained as Israeli attacks on Lebanon brought retaliation

China's factories snap years-long deflation spell on Iran war price shock

China's factory-gate prices rose for the first time in more than three years in March, in an early sign that the war in Iran is feeding cost pressures into the world’s

German inflation confirmed at 2.8% in March

German inflation accelerated to 2.8% in March, according to federal statistics office data released on Friday, confirming preliminary figures.

Ukraine faces months of diplomatic and military pressure, Zelenskiy says

President Volodymyr Zelenskiy said the spring and summer months would be difficult for Ukraine as it would face pressure on the battlefield and also

Chinese foreign minister tells North Korean minister Pyongyang is making strides despite US 'oppression'

China's Foreign Minister Wang Yi said North Korea has made remarkable accomplishments despite conspiracies by the United States and Western forces to oppress and isolate

Myanmar's new president sees challenges ahead, eyes ASEAN detente

Myanmar's new President Min Aung Hlaing said on Friday his government has many challenges to overcome and seeks to improve the country's international standing, including

Polls - please ignore, test test test test

Voters in Hungary could deliver a boon to bond investors, while Peru's weekend

Thailand will introduce support measures to ease impact of high oil prices, minister says 

Thailand's government will approve a package of support measures to mitigate the impact of higher oil prices, the finance minister said on Friday, but he warned that the

Eyes on Islamabad

It's all about the Iran war once again, with weekend ceasefire talks being the main event, but the coming days will also give early indications of the fallout for big companies

Taiwan sees only warships and warplanes as China talks peace with opposition

Taiwanese officials are tracking what they view as a worrying rise in Chinese naval activity and military pressure against the island, even

Australia, Singapore leaders pledge closer energy ties to tackle global supply shock

Australian Prime Minister Anthony Albanese held talks in Singapore on Friday with counterpart Lawrence Wong, in which they vowed

TSMC's first-quarter revenue surges as AI interest propels sales beyond market forecasts

TSMC, the world's largest contract chipmaker, on Friday reported a 35% surge in first-quarter

Daimler Truck Q1 unit sales decline on weak North America demand

Daimler Truck, one of the world's largest truckmakers, on Friday reported a 9% decline in first-quarter group unit sales, weighed down by a sharp slowdown in North America.

EU and US near critical minerals deal to combat Chinese control, Bloomberg News reports

The European Union and Washington are closing in on an agreement to coordinate on producing and securing critical minerals, Bloomberg News reported on Friday. 

US consumer inflation expected to have surged in March amid Iran war

U.S. consumer prices likely recorded their biggest increase in nearly four years in March as the war with Iran boosted oil prices and the pass-

It's Tax Day. Treasury says 53 million filers used new Trump tax breaks before the deadline

The tax filing deadline for most Americans is Wednesday, and President Donald Trump's administration is highlighting the impacts of Republicans' massive tax and spending law

US labor market holds steady; inflation firmer before Iran war

New applications for U.S. unemployment benefits increased moderately last week, showing no signs of labor market deterioration and potentially giving

Apple leads smartphone market even as overall shipments decline, Counterpoint says

IPhone-maker Apple led global smartphone shipments in the first quarter of 2026, growing 5% year-on-year, even as overall shipments fell due to a shortage of memory components,

Porsche deliveries tumble further in first quarter

Porsche AG's deliveries slumped further in the first three months of 2026, with sharp declines in key markets China and the United States, as loses its shine across.

Shippers weigh unusual routes as high air cargo rates, ocean gridlock persist

Some shippers caught between high jet fuel prices and congestion in vital Middle East waterways are now looking for

US pushes to renew ties with Peru ahead of uncertain election

As Peru heads into the first round of its presidential election on Sunday, Washington is mounting its most assertive push in years to

Sodexo cuts 2026 targets as new CEO gears to tackle long-standing issues

French food caterer Sodexo slashed its annual sales and profitability targets on Friday, citing execution challenges and its management's review of contracts and

Warburg Pincus, Munich Re arm team up to invest in Europe's defence sector

U.S. private equity firm Warburg Pincus has launched an investment platform focused on Europe's defence and security sector, with MEAG, the asset manager of reinsurer Munich Re,

Indonesia's Prabowo calls for criminal charges against firms resisting forest crackdown

Indonesian President Prabowo Subianto ordered prosecutors on Friday to file criminal charges against companies that refuse to cooperate with a task force he launched to

Back from the brink?

By Anna Szymanski April 10 -   Everything Mike Dolan and the ROI team are excited to read, watch and listen to over the weekend. From the Editor Hello Morning Bid readers!

Kremlin says Putin envoy's US visit does not mean Ukraine talks have resumed

The Kremlin said on Friday that a visit to the United States by Russian President Vladimir Putin's special investment envoy did not mean that negotiations on a possible

World Food Programme warns Lebanon facing food security crisis due to Iran war

Lebanon is facing a food security crisis due to Israel's offensive against militant group Hezbollah, which has disrupted supplies of goods and pushed

Global equity fund inflows surge on Middle East ceasefire boost

Global equity fund inflows nearly doubled in the week through April 8 as a two-week Middle East ceasefire raised hopes of a resumption of shipments through the Strait of Hormuz.

Snap unit to use Qualcomm chips for upcoming AI smart glasses

Specs, the Snap smart glasses unit formed early this year, will use Qualcomm chips for its upcoming devices under a multi-year deal announced on Friday, marking its first major

U.S. equity fund inflows surge on optimism over Mideast ceasefire

U.S. investors ramped up purchases of equity funds in the week to April 8, as hopes for a two-week Middle East ceasefire boosted expectations for a reopening of the Strait of

Ukraine, Russia move towards potential peace deal, Bloomberg reports

Ukraine and Russia are moving towards a potential deal to end the war, Bloomberg News reported on Friday, citing the top aide to Ukrainian President Volodymyr Zelenskiy.

Fed's Daly says oil shock means getting inflation down takes longer

San Francisco Federal Reserve President Mary Daly said the U.S. economy is fundamentally solid, the labor market has steadied, and monetary policy is in a "good

Lithium bulls set to gatecrash Chile's copper party

Chile is set to break with precedent and open its annual global copper gathering next week with a day of panels devoted

USTR: China involvement in Iran would complicate matters

U.S.

Lufthansa strike disrupts tens of thousands of passengers as City Airlines secures pay deal

Tens of thousands of passengers faced travel disruption across Germany on Friday as cabin crew at Lufthansa and its regional unit Lufthansa CityLine staged a day-long

Wall St futures gain after March inflation data

U.S. stock index futures gained slightly on Friday after March inflation data calmed some concerns over the inflationary fallout of the Middle East conflict on the U.S. economy.

Traders keep bets the fed will stay on hold all 2026

Traders on Friday kept bets the Federal Reserve will leave interest rates on hold through the end of 2026 after the Labor Department reported consumer prices surged in March, as

S&P 500, Nasdaq open higher after inflation data; Mideast in focus

The S&P 500 and the Nasdaq opened higher on Friday after March inflation data largely aligned with expectations despite persistent pressures from the Iran war, while investors

March inflation report, first to show impact of war, is in line with expectations

U.S. consumer prices rose 3.3% from a year ago in March, data showed, giving investors a first glimpse of the impact on prices of the U.S.-Israeli war against Iran.

Canada's March employment posts modest increase, jobless rate unchanged

Canada's job growth remained subdued in March while the unemployment rate held steady at 6.7% from the prior month, data showed on Friday, signaling

Glencore buys 45% stake in South Carolina aluminium recycling plant

Glencore on Friday said it acquired a 45% stake in an aluminium recycling and remelting plant near Charleston, South Carolina, strengthening the London-listed miner's position in

Brazil annual inflation accelerates in March on fuel price pressures

Brazil's 12-month inflation rose more than expected in March, official data showed on Friday, driven by higher transportation costs, particularly gasoline prices, amid

Can the US and Iran bridge their differences in talks?

The U.S. and Iran are set to hold peace talks in Pakistan, which has been mediating, but remain deeply divided on key issues, even though President Donald Trump has said proposals

Ukrainians and Russians doubt 32-hour Easter truce will lead to lasting peace

Ukrainian officials urged Russia on Friday to extend a ceasefire it announced for Orthodox Easter this weekend and restart talks to end the war, but people on the streets of

US consumer sentiment dives to a record low in April amid Iran war

U.S. consumer sentiment plunged to a record low in early April and consumers anticipated a surge in inflation in the next 12 months, a survey showed on Friday.

US factory orders unchanged in February for second straight month

New orders for U.S. factory goods were unchanged for a second straight month in February as weak demand for commercial aircraft offset gains elsewhere.

Spat over oil price relief exposes strains in Germany's coalition

Germany's economy minister on Friday proposed higher tax breaks to commuters but dismissed proposals by the government's junior

Outflows from leveraged loan funds jump as investors shun credit risk

U.S. leveraged loan funds are suffering heavy outflows this year as investors grow more cautious about credit risk while broader concerns mount over

Dolce & Gabbana co-founder Stefano Gabbana resigns as chair, keeps creative role

Dolce & Gabbana said on Friday its co-founder Stefano Gabbana stepped down from his roles at the Italian fashion house and its controlling holding company with effect from

Middle East war spotlights Florida's fuel supply vulnerability

Florida residents have paid significantly more than the nationwide average for gasoline and diesel in recent weeks as the U.S.-Israeli war with Iran

YouTube raises subscription prices in US for the first time in 3 years

YouTube on Friday raised subscription prices in the United States, with increases of up to $4 set to take effect from the next billing cycle.

Ads for GLP-1 drugs are flooding the internet – here’s how to know if it’s safe to buy them online

The thriving market in online, counterfeit GLP-1 drugs that do not meet FDA criteria poses serious risks to consumers.

Estonia says detaining Russia's tankers in Baltic Sea is too risky

NATO member Estonia will refrain from detaining Russia's "shadow fleet" vessels in the Baltic Sea, worried that seizing oil tankers

US utility stocks are off to their best start since 2019. Can they keep it up?

U.S. utility stocks marked their strongest start to the year since 2019, benefiting from an investor retreat from riskier assets during the Iran war and

Big Tech puts financial heft behind next-gen nuclear power as AI demand surges

Big Tech is reshaping the funding landscape for new nuclear technologies as it seeks to bolster electricity supply for power-hungry AI data centers, inking deals

Brazil and US launch joint action to fight organized crime

The Brazilian government on Friday announced a joint initiative with the U.S. to combat organized crime, involving the integration of data from Brazil's

Whirlpool to invest over $60 million in Ohio plant 

Whirlpool said on Friday it will invest over $60 million in an Ohio factory to produce parts for its washers and dryers.

After years of war with Russia, Ukraine's farmers are hit by Iran conflict

Mykola Maliienko, who farms the rich, black soil of central Ukraine and exports crops

Space analytics firm HawkEye's revenue jumped 74% in 2025, US IPO filing shows

Space analytics company HawkEye 360 recorded a 74% jump in revenue in 2025 while also swinging to a profit, its filing for a U.S. initial public offering

STOXX 600 gains for a third week with focus on Middle East peace talks

European equities edged higher on Friday, notching up a third straight week of gains as cautious optimism ahead of U.S.-Iran weekend talks

US judge extends temporary order halting Nexstar, Tegna merger

A U.S. judge on Friday extended an order temporarily freezing Nexstar's acquisition of rival broadcast station owner Tegna for another week as he

Polls in Hungary and Peru next in key election year for world markets

Voters in Hungary could deliver a boon to bond investors, while

Impactive aims to replace WEX CEO on board in proxy fight, sources say

Impactive Capital is urging WEX shareholders to replace the information management services company's long-serving CEO on its board of directors

Fed will need to explain why current inflation jump differs from 2022 surge

When surging U.S. inflation peaked in June of 2022, driven by rising prices for energy but also for food, shelter, vehicles, and a host of other

USA Rare Earth CEO defends Trump administration investment as congressional questions swirl

USA Rare Earth shareholders should not be concerned by the terms of the U.S.

U.S. Democrats keep pressure on Trump regulators over 'suspicious' trades

Two Democratic U.S. senators have called on the federal commodities markets watchdog to investigate lucrative recent trading activity on oil markets since March 23

How has Hungary changed during Orban's 16 years in power?

Hungarian Prime Minister Viktor Orban and his Fidesz party face their first closely contested election on April 12 after four consecutive landslide victories since 2010.

US consumer inflation hot in March amid record surge in gasoline prices

U.S. consumer prices increased by the most in nearly four years in March as the war with Iran led to a record surge in the cost of gasoline and

The unconventional logic behind SpaceX's $1.75 trillion price tag

Wall Street is reaching for some unusual yardsticks to price Elon Musk's SpaceX.

White House opted against televised address about Iran ceasefire, US officials say

The White House considered but decided against a national televised address by President Donald Trump on Tuesday about his ceasefire

Colombia gov't to propose $4.4 billion tax reform to congress, as end of session nears

Colombia's leftist government will propose a $4.39 billion tax reform to congress in the coming days, Finance Minister German Avila said on Friday, though the bill is

South Africa unveils draft AI policy, proposes new institutions and incentives

South Africa on Friday unveiled a draft national AI policy, seeking public comment on sweeping proposals to regulate and accelerate AI adoption.

Ceasefire sends dollar toward weekly drop with US-Iran talks in focus

The dollar slipped on Friday, putting it on track for its largest weekly drop since January, as investors sold safe-haven assets on the assumption that

Americans give record-low marks to economy, in ominous sign for Republicans

Americans are souring on the U.S. economy to a degree never before seen, with the stiffest inflation in four years exacerbating the political risk for

Oil ends lower ahead of U.S.-Iran ceasefire talks, posts steepest weekly loss since 2022

Oil futures settled lower on Friday and posted their biggest weekly decline since 2022 ahead of talks between Iran and the U.S. aimed at securing a

US March budget deficit rises slightly to $164 billion as Iran war outlays lag

The U.S. federal government's March budget deficit rose $4 billion or 2% to $164 billion from a year ago as new individual and corporate tax breaks

Proxy adviser Glass Lewis recommends Warner Bros shareholders vote for Paramount deal

Independent proxy advisory firm Glass Lewis recommended Warner Bros Discovery shareholders to vote in favor of the company's $110 billion deal to combine with Paramount Skydance. 

Colombia raises Ecuador tariffs to 100% as trade tensions escalate

Colombia will raise tariffs on neighboring Ecuador to 100% from 30%, Colombia's trade ministry said on Friday, matching Ecuador's measure from a day earlier amid an

Vance, Bessent questioned tech giants on AI security before Anthropic's Mythos release, CNBC reports

U.S.

Lebanon heads to historic Israel talks with few hopes except to staunch bloodshed

Lebanon's President Joseph Aoun has called for historic direct talks with longtime foe Israel since war erupted a month ago - a month in

Bessent, Powell warned bank CEOs about Anthropic model risks, sources say

U.S.

Equities mixed, oil dips in cautious trade ahead of US-Iran talks

Equities were mixed on Friday and oil prices dipped as investors anxiously awaited U.S.-Iran talks scheduled for the weekend,

China's top diplomat meets North Korea's Kim, calls for closer coordination

China and North Korea should further enhance communication and coordination in major international and regional affairs, China's foreign minister said in a meeting with

US trade court challenges Trump's basis for 10% global tariffs

A panel of trade court judges challenged the legality of President Donald Trump's 10% tax on most imports, suggesting a large trade deficit might not

Wall Street creates new credit-default swap index to bet against private credit

S&P Dow Jones Indices is launching a new credit-default swap index linked to the private credit market, giving investors a tool to bet against a sector that has faced turbulence

Crypto giant Kraken's Fed payment account sparks concerns about risks

Crypto giant Kraken's landmark Federal Reserve master account comes with restrictions aimed at mitigating risks, but it - and others likely to

Fitch's outlook cut on Turkey flags growing economic strain

Credit rating agency Fitch revised Turkey's outlook to "stable" from "positive", citing a sharp erosion in foreign exchange reserves due to heavy intervention to support the lira

Trump says US will have Strait of Hormuz 'open fairly soon'

President Donald Trump told reporters on Friday that the U.S. will have the Strait of Hormuz "open fairly soon" but did not elaborate

Wall St ends mixed, notches weekly gains as investors parse Middle East negotiations

U.S. stocks closed mixed on Friday, with investors pressing pause as they headed into the weekend and kept an eye on ongoing Middle

Trump's peace board faces cash crunch, stalling Gaza plan, sources say

Donald Trump's Board of Peace has received only a tiny fraction of the $17 billion pledged for Gaza, preventing the U.S.

Iranian delegation lands in Islamabad ahead of 'make-or-break' talks

Iran's negotiating team arrived in Islamabad on Friday for peace talks with the

IMF retains floor for precautionary balances at SDR 20 billion

The International Monetary Fund said on Friday its executive board has agreed to retain the current floor for precautionary balances, which consist of general and

Snapchat owner cuts 16% of global staff in latest round of job cuts

Snap Inc., the owner of Snapchat, is cutting about 16% of its global workforce, which means around 1,000 jobs

Fed asks about US banks' exposure to private credit firms, Bloomberg reports

The Federal Reserve is asking major U.S. banks for details about their exposure to private credit following a surge in redemptions from the funds and a rise in troubled loans in

What the Trump tax breaks giveth, the gasoline pump taketh away

U.S.

US DHS calls furloughed staff back to work despite shutdown

The U.S.

Rio Tinto's US boron assets draw interest from bidders, Bloomberg News reports

Rio Tinto's U.S. assets that produce the critical mineral boron have drawn interest from more than a dozen potential bidders and could be valued as much as $2 billion, Bloomberg

US blockade of Iran will be major military endeavor, experts say

A U.S. naval blockade of Iran is a major, open-ended military endeavor that could trigger fresh retaliation from Tehran and put tremendous strain on an

Middle East war to cut growth, deliver cascading impact, World Bank chief says

The war in the Middle East will have a cascading impact on the global economy, even if a ceasefire announced by U.S.

US plane carrying team for talks with Iran lands in Islamabad, two Pakistani sources say

A U.S. government plane carrying top U.S. officials landed in the Pakistani capital Islamabad on Saturday for peace talks with Iran, two Pakistani sources told Reuters.

Japan approves additional $4 billion for chipmaker Rapidus

Japan's industry ministry said on Saturday it has approved an additional 631.5 billion yen ($3.96 billion) to accelerate research and development at chipmaker Rapidus.

San Francisco taqueria El Faro looks to sell, saying their rent has nearly doubled

San Francisco taqueria El Faro looks to sell, saying their rent has nearly doubled

Indonesia President Prabowo to visit Russia, meet Putin, minister says

Indonesian President Prabowo Subianto will depart to Russia in the coming days and is expected to meet President Vladimir Putin during the visit, Indonesia's foreign

What are the main talking points at the US-Iran negotiations in Pakistan?

Top U.S. and Iranian officials gathered in the Pakistani capital Islamabad on Saturday to hold talks that seek to end their war https://www.reuters.com/world/iran/ in the Middle

Crash-and-grab burglars use Jeep to steal ATM from Chicago gas station

Crash-and-grab burglars use Jeep to steal ATM from Chicago gas station

Americans weigh in on the Iran war, gas prices and their fears

After six weeks of a war with Iran https://www.reuters.com/world/iran/ that has jolted energy https://

Ukraine can play useful role in Strait of Hormuz, Britain says

Ukraine can play a useful role in international efforts to secure the Strait of Hormuz, Britain's armed services minister said, praising its drone technology

Irish police move to break blockade of oil refinery by protesters angry at fuel prices

Irish police took action to clear protesters blockading the country's only oil refinery on Saturday after a senior government minister said protests over surging fuel

Trump says empty oil tankers heading to U.S. to load up with oil, gas

U.S. President Donald Trump said on Saturday that many tanker ships are en route to the United States to transport oil and gas to other countries.

US military 'setting conditions' to clear mines from Strait of Hormuz

The U.S. military said on Saturday that it had started “setting conditions" for clearing mines in the Strait of Hormuz, with two U.S. warships passing through the key

Czech, Slovak leaders back ally Orban ahead of Hungary vote

Czech and Slovak leaders backed Prime Minister Viktor Orban on Saturday on the eve of Hungary's parliamentary election, saying he was the best choice for the country's

Chinese investment in Brazil pivots from power dams to ice cream, courting consumers

For Chinese ice cream and beverage chain Mixue, which already has more stores than Starbucks or McDonald's, a cheerful snowman mascot on Sao

Veteran negotiator Roelf Meyer appointed as South Africa's ambassador to the US

South African President Cyril Ramaphosa has appointed Roelf Meyer as the country's ambassador to the United States

US intelligence indicates China preparing weapons shipment to Iran, CNN reports

U.S. intelligence indicates China is  preparing to deliver new air defense systems to Iran  within the next few weeks,  CNN reported late on Friday, citing three  people familiar

Costa Rica receives first group of deported migrants under third-country agreement with US

Costa Rica on Saturday received the first group of migrants from other countries deported from the United States under an agreement signed in March

BOJ policy to boost yen could be an option to curb inflation, Japanese minister says

Bank of Japan monetary policy could be an option to tame rising prices by boosting the yen, Japan's trade minister said on Sunday, as the central bank weighs raising

South Korea close to securing oil supplies from Kazakhstan, minister says

South Korea is close to securing crude oil supplies from Kazakhstan, the industry minister said on

Saudi Arabia restores full capacity on East-West oil pipeline to 7 million bpd after attacks

Saudi Arabia has restored full oil pumping capacity through the East-West pipeline L1N40S100 to about seven million barrels per day, it said on Sunday, days after providing

Iran aims to restore majority of refining capability within two months, oil ministry official says

Iran expects to restore most damaged refining and distribution facilities to 70–80% of their pre-attack capacity within one to two months, a senior oil official said, as

Economic shock of Middle East war to cast shadow over IMF, World Bank meetings

Top finance officials from around the world will convene in Washington this week under the shadow of the war in the Middle East, which has delivered a

China's Chery looking to expand car production in Europe, top executives say

Chery is looking to expand car production in Europe through partnerships with other automakers allowing it to use existing factories, top executives at the Chinese carmaker

Philippines says any energy deals with China must respect its sovereignty

The Philippines said on Sunday that any decision to pursue oil and gas cooperation with China would be made strictly in line with its constitution and respect its

IMF sees global oil shortfall this year and warns Iran war could tip world into recession

IMF sees global oil shortfall this year and warns Iran war could tip world into recession

Australia PM Albanese to visit Brunei, Malaysia to shore up fuel supply

Australian Prime Minister Anthony Albanese will visit Brunei and Malaysia this week, continuing diplomatic efforts to secure fuel supplies from Asian allies after

US earnings season set to test war-rattled stocks

Investors will seek evidence in the coming week that the U.S. corporate profit engine is humming along, and whether threats to that upbeat business

Dollar jumps as failed US/Iran peace talks spark fresh safe-haven push

The dollar jumped against other major currencies in thin trading late on Sunday, as investors sought the relative safety of the U.S. currency after

Trump says gas prices may remain high through November midterm election

U.S.

‘Remigration’ and Russian lessons: German far-right party promises radical measures if elected

‘Remigration’ and Russian lessons: German far-right party promises radical measures if elected

Iran's Guards will view military vessels approaching strait as ceasefire breach

Iran's Revolutionary Guards said on Sunday that any military vessels attempting to approach the Strait of Hormuz will be considered a violation of the two-week U.S.

Irish police clear blockades as Dublin acts to soften fuel price blow

Irish police on Sunday cleared tractors and trucks that had been blocking traffic and blockading oil infrastructure across the country during a wave of

Trump promised peace in the Middle East. In Dearborn, Michigan, it feels farther away

Dearborn, Michigan, home to the nation's largest Arab American community, is grappling with ongoing crises

US military to block ships from Iranian ports after talks yield no agreement

President Donald Trump said on Sunday the U.S.

US FTC in settlement talks with ad companies in boycott probe, WSJ reports

The U.S.

Orban ousted after 16 years as Hungarians flock to pro-EU rival

Prime Minister Viktor Orban, a key opponent of European Union efforts to help Ukraine fend off Russia's invasion, lost power after 16 years on Sunday

Hungary opposition's landslide win heralds reforms, thaw in EU ties

Peter Magyar's landslide victory in Sunday's Hungarian election has handed his centre-right Tisza party a sweeping mandate that

Oil whiplash: Iran war shock to flip market to deficit in 2026, analysts say

The sharp hit to global oil production from the Iran war is poised to flip the oil market into a supply deficit this year, analysts say, a huge

Spanish premier Sanchez heads for fourth China visit, risks annoying Trump

Spanish Prime Minister Pedro Sanchez begins his fourth visit to China in as many years on Monday, underlining his determination to steer an independent course that has

Third Point won't run proxy fight at CoStar, exits position, letter says

Billionaire investor Daniel Loeb's hedge fund Third Point will not pursue a proxy fight at real estate data company CoStar Group and sold its

GFL nears deal to buy Secure Waste for over $4.3 billion, Bloomberg News reports

Waste management company GFL Environmental is nearing a deal to acquire Canada's Secure Waste Infrastructure in a deal valued at over C$6 billion ($4.33 billion), Bloomberg News

Bank of Korea governor nominee vows to respond to excessive won weakness

The Bank of Korea's governor nominee said it would be necessary to respond properly if the won fell excessively, in written remarks he submitted on Monday to parliament

Protracted Iran war narrows BOJ's rate hike options

Once seen as a strong possibility, a Bank of Japan rate hike in April is turning into a fainter prospect as fading hopes of an end to the Middle East

TSMC likely to book fourth straight quarter of record profit on insatiable AI demand

TSMC, the world's largest manufacturer of advanced artificial intelligence chips, will likely notch up a fourth consecutive quarter of

US Democrats cheer defeat of Trump ally Orban in Hungary

U.S.

Haiti declares three days of national mourning for 25 killed in stampede

Haiti declared three days of national mourning on Sunday, a day after a deadly stampede killed 25 people during an annual celebration thronged by students and

Taiwan government should lead engagement with China on new measures, senior official says

Taiwan's engagement with China on looser controls proposed by Beijing for trade and tourism should be led by the government rather than private party-to-party contacts, a

Markets falling out of love with Italian debt as Meloni's problems mount

Italy's economic vulnerabilities are being laid bare by war in the Middle East, with Rome's heavy reliance on imported energy and the threat of rising

Oil surges on US blockade of Iran

A look at the day ahead in European and global markets from Tom Westbrook Oil futures jumped back over $100 at the open in Asia on Monday, the dollar fell and stocks were down as U.S.-Iran talks

South Korea and Poland to upgrade ties as Tusk calls Seoul key ally after US

South Korean President Lee Jae Myung and Polish Prime Minister Donald Tusk agreed on Monday to upgrade ties to a comprehensive strategic partnership, with the leaders

Benin finance minister expected to coast to presidential election win

Benin's finance minister Romuald Wadagni was expected to coast to victory in a presidential election on Sunday, buoyed by strong economic growth and the absence of a

Iran war leaves crisis-scarred countries counting the cost

Sanoj Weeratunge thought this would finally be the year his tour firm put Sri Lanka's spate of crises

Slovakia's Fico ready to cooperate with Hungary's new prime minister

Slovak Prime Minister Robert Fico congratulated Hungary's incoming leader, Peter Magyar, on Monday, offering "intensive cooperation", while expressing gratitude to outgoing Prime

Millions of people in Sudan surviving on one meal a day as food crisis deepens, NGOs say

Millions of people in Sudan are surviving on just one meal a day, as the country's food crisis deepens and threatens to spread, according to a report

Chinese AI startup StepFun to unwind offshore structure to pave way for IPO, sources say

Chinese AI agent StepFun is unwinding its offshore incorporation structure to pave the way for a planned Hong Kong initial public offering, three sources said, as

World Bank chief sounds alarm about looming jobs crisis even after war ends

The Middle East war will dominate global finance officials' talks this week in Washington, but World Bank President Ajay Banga is sounding the alarm

UK fintech firm Wise's quarterly cross-border volumes surge ahead of Nasdaq debut

British fintech group Wise said on Monday cross-border transaction volumes rose 26% in the fourth quarter to 49.4 billion pounds ($66.2 billion), reinforcing its expectation that

China poised for Q1 GDP growth rebound but Iran war dims 2026 outlook: Reuters poll

China's economy likely regained some momentum in the first quarter on solid exports, but growth is expected to cool over the rest of 2026 as the Middle East

China's exports set to lose momentum as Iran war undercuts AI-driven boom

China's export engine likely slowed in March as

Traders see clear path to higher-for-longer ECB rates 

Money market traders expect the European Central Bank to lean hawkish, keeping rates higher for longer and offering little prospect of easing even in the medium

Argentina credit stress deepens as inflation and utility costs hit households

Gonzalo Martinez, a 37-year-old teacher, hopes that one day when he opens his bank account, he'll have no more debt looming over him.

Audi Q1 deliveries fall 6.1% on weak demand in China and North America

Volkswagen's premium brand Audi on Monday said its first-quarter deliveries fell 6.1%, weighed down by weaker demand in China and North America.

Japan panel members urge multi-year budget framework for critical investments

Private-sector members of Japan's key economic advisory panel proposed a new multi-year budget framework on Monday to ensure stable funding for

Ghana says France is open to engaging on slavery reparations

Ghana said France was open to having discussions with a coalition of countries that are calling for reparations for transatlantic slavery, following a meeting

ASEAN foreign ministers urge US and Iran to push for permanent resolution

ASEAN foreign ministers called on Monday for the United States and Iran to continue negotiating a permanent end to their conflict, and to implement the ceasefire fully and

Peru election marred by delays as conservatives lead early count

Polling station delays and early uncertainty over the runoff contenders marked Peru’s general election on Sunday, as voters chose a new

Hedge funds rush into bullish stocks bets ahead of weekend US-Iran talks, Goldman note says

Hedge funds last week piled into bets that stocks would rise, on expectations of a ceasefire in Iran, said two Goldman Sachs client notes on Saturday and

Morgan Stanley maintains oil price forecasts and predicts slow recovery in supply

Morgan Stanley left its Brent crude oil price forecasts unchanged on Monday, at $110 a barrel for the second quarter of 2026 and $100 a barrel in the third quarter, falling to $80

Blockade takes its toll

By Mike Dolan April 13 - What matters in U.S. and global markets today By Mike Dolan https://www.reuters.com/authors/mike-dolan/, Editor-at-Large, Finance and Markets Oil prices zoomed back above

China March new loans jumps less than expected, no sign of fresh policy easing

New bank lending in China jumped less than expected in March, while broad money and financing growth remained sufficient to support

BOJ highlights market volatility, economic hit from Middle East conflict

Bank of Japan Governor Kazuo Ueda said on Monday uncertainty over the Middle East conflict was keeping markets unstable and could hurt factory output,

Turkey says NATO should reset ties with Trump at next summit, prepare for future

Turkey said on Monday that NATO allies should use their July summit in Ankara to reset ties with U.S.

China says Strait of Hormuz blockade against global interests, urges restraint

China said a blockade of the Strait of Hormuz would go against the international community's interests and urged calm and restraint by all sides.

Ackman's $64 billion Universal bet hinges on power broker Bollore

Bill Ackman's first call before launching his $64 billion bid for Universal Music Group nL6N40Q0JZ this week was to French billionaire Vincent Bollore,

Russia calls for joint food reserves with BRICS to counter Middle East crisis risks

Russia, the world's largest wheat exporter, should create joint food reserves with fellow BRICS members and former Soviet neighbours to counter the risks

ECB rate rise will depend on effects of oil price surge, De Guindos says

Any European Central Bank rate rise will depend on how a war-fuelled surge in the cost of crude oil and some chemicals impacts other prices, ECB Vice President Luis de

Volkswagen's first-quarter deliveries drop 4% on weak China, US

Volkswagen reported a 4% fall in global deliveries in the first three months of 2026, as weak demand in China and the U.S. weighed on the German automaker.

Iran denies charging toll for Indian tankers transiting Hormuz strait

Indian tankers that have transited through the Strait of Hormuz did not pay tolls to Iran, Tehran’s ambassador to New Delhi said on Monday, after U.S.

Baker Hughes to sell Waygate unit to Hexagon for about $1.45 billion

Baker Hughes said on Monday it will sell its unit, Waygate Technologies, to Sweden-based Hexagon for about $1.45 billion in cash, as the

Spanish premier urges China to take bigger role in multipolar order

Spanish Prime Minister Pedro Sanchez on Monday said China should take on a more substantial role with issues including climate change, security, defense and the fight

EU's von der Leyen compares Orban defeat to Hungary's anti-Soviet uprising

April 13 - EU Commission President Ursula von der Leyen hailed Hungary's election https://www.reuters.com/world/hungary/elections/ as "a victory for fundamental freedoms", and compared the ousting of

Traton truck deliveries fall 6% in first quarter as US weakness persists

German truck manufacturer Traton reported a 6% drop in vehicle sales for the first quarter of 2026 on Monday, driven by a 21% decline in its U.S.-based International Motors brand.

Argentina's inflation to cool less than expected, still on track for 9-year low in 2026: Reuters poll

Argentina's consumer price inflation is set to cool this year by less than previously expected even as economic growth expectations have remained

OPEC lowers second-quarter global oil demand forecast on Iran war

OPEC on Monday lowered its forecast for world oil demand in the second quarter by 500,000 barrels per day, the producer group's monthly oil report showed in

Wall St subdued at open as failed US-Iran talks unsettle investors

Wall Street's main indexes opened lower on Monday after weekend talks between the U.S. and Iran failed to deliver a deal nL6N40V09S to end the war, threatening a nascent recovery

Bill Ackman kicks off roadshow for combined IPO of Pershing Square, new fund

Bill Ackman's Pershing Square kicked off a roadshow for the U.S. initial public offerings of the billionaire investor's management company

India's inflation rises modestly in March, but Mideast war risks loom

India's retail inflation rose modestly to 3.4% in March, government data showed on Monday, amid worries that a prolonged

Medical scans and chips: the hidden fallout of the Iran war for China

Medical scans and chips: the hidden fallout of the Iran war for China

No signs of major default cycle in private credit, Ares CEO says

Private credit defaults are relatively contained, with most of the stress in the sector being liquidity- and rate-driven, the head of Ares Management Corp

Hungary's Magyar will talk to MOL leadership, focus on fuel supplies

Hungary’s election-winner Peter Magyar said on Wednesday he would need to hold talks with the leadership of oil company MOL, adding that ensuring fuel security would be

ASML lifts 2026 forecast as surging AI chip demand boosts new orders

ASML, the world's largest supplier of chipmaking tools, on Wednesday reported stronger-than-expected first-quarter earnings and

Hermes, Kering shares sink as Iran war knocks luxury revival

French group Hermes led a slump in luxury shares on Wednesday after weak sales showed the war in Iran was weighing on demand in the Middle East and tourism in Europe

European equities dip as investors track Mideast updates, corporate earnings

European shares slipped on Wednesday as the evolving situation in the Middle East kept investors cautious, while they also assessed a range of

Kering shares slide after Gucci sales disappoint

Kering shares plunged as much as 10% on Wednesday after first-quarter sales at its Italian flagship brand Gucci dropped more than expected, underlining the challenges

China weighs curbs on exports of solar manufacturing equipment to US

Chinese officials have held initial talks with providers of equipment to make solar panels as they consider limiting exports of the most advanced technology

Ukraine broaches 'stolen' Russian grain cargo on call with Israel

Ukrainian Foreign Minister Andrii Sybiha held a call with his Israeli counterpart Gideon Sa'ar to discuss a Russian vessel carrying what he described as grain stolen from Ukraine

Countries pledge nearly $1.8 billion to ease Sudan hunger crisis

An international conference to raise funding commitments for Sudan has produced pledges of more than 1.5 billion euros ($1.77 billion)

UK to probe Paramount-Warner Bros deal in coming weeks, competition watchdog says

Britain's antitrust watchdog is expected to launch an investigation into Paramount Skydance's planned $110 billion acquisition of Warner Bros Discovery in "the coming weeks," a

Iran war weighs on global economy as IMF meeting starts

Alarm over the impact of the Iran war on the global economy grew on Monday with more countries announcing emergency support measures to combat rising energy

Bezos-backed EV firm Slate Auto raises $650 million

Electric vehicle company Slate Auto on Monday said it has raised $650 million in a Series C funding round, as the Jeff Bezos-backed firm gears up to deliver its first vehicles

Hungary vote removes Ukraine's staunchest foe in EU

Ukraine welcomed with relief on Monday the defeat

Venezuela hopes to lure back international miners, but it's a risky business

Venezuela's https://www.reuters.com/world/venezuela/ effort to attract foreign investors to develop its gold, iron and

Euro zone bond yields rise as markets up ECB rate hike bets

Euro zone government bond yields edged up towards recent peaks on Monday after the U.S. and Iran failed to secure a deal to end the war https:/

Meta poised to surpass Google in digital ad revenue for first time, report says

Meta Platforms is projected to surpass Alphabet's Google in digital advertising revenue globally by the end of 2026, and dethrone the search-engine behemoth in

Emerging economies in focus at IMF World Bank meetings

Global financial policy makers gather in Washington for the International Monetary Fund and World Bank Group Spring Meetings this week against the backdrop of yet another

McDonald's to add refreshers, crafted sodas to US menus

McDonald's will add refreshers and crafted sodas to its menu in the United States starting this month, the company told

European equities tick lower as failed US-Iran talks weigh on sentiment

European shares dipped on Monday as expectations of a swift resolution to the Middle East conflict dimmed following the breakdown nL6N40V09S of

US existing home sales hit nine-month low in March, rising mortgage rates cloud outlook

U.S. existing home sales fell to a nine-month low in March amid tight inventory and growing concerns over the labor market, and a recent increase in

Dutch regulator to seek EU approval for Tesla's self-driving software

Dutch vehicle authority RDW has notified the European Commission of its plan to seek European Union-wide approval for Tesla's full self-driving

Colombia to control hippo population through euthanasia

Colombia will launch a plan in the second half of 2026 to control its invasive hippopotamus population, including euthanizing an initial 80 animals, Environment Minister

LVMH reports sales hit from Iran war in blow to hopes for luxury revival

French luxury giant LVMH said the Iran war shaved at least 1% off its total group sales in the last quarter due to lower spending in the Gulf region, and

JBS reaches deal with US meatpacking workers who went on strike

JBS employees ratified a two-year labor agreement with the world's largest meatpacker after a three-week strike disrupted operations at a massive

Middle East war drives up Codelco copper costs in Chile

Price surges due to the Middle East war have raised costs for the world's top-producing copper miner Codelco, yet the Chilean state-run firm is still

Oil prices jump 4% on US blockade of Iran after talks break down

Oil prices climbed about 4% on Monday after the U.S. military began a blockade nL6N40V09S of ships leaving Iran's ports, drawing threatened retaliation

US details bounds of Hormuz blockade as at least two ships turn around

The U.S. military on Monday detailed the boundaries of its Strait of Hormuz blockade, saying it would extend east to the

NY Fed says paper loss on bond holdings shrank last year

By Michael S.

Middle East war to boost Ukraine inflation, central bank chief says

Higher oil prices caused by the war in the Middle East https://www.reuters.com/world/iran/ could raise inflation rates in Ukraine by

FedEx CFO John Dietrich to step down

FedEx said on Monday Chief Financial Officer John Dietrich would step down, effective June 1, after the parcel firm completes the spinoff of FedEx Freight into a publicly traded

Fed chief nominee Warsh clears one hurdle for Senate hearing, CNBC reports

Federal Reserve chair nominee Kevin Warsh nL6N3YV0Q5 has submitted required paperwork to the U.S.

Trump nominates Pimco executive Erin Browne to lead international affairs at Treasury department

U.S.

Why are some ships going through the Strait of Hormuz during a blockade?

Why are some ships going through the Strait of Hormuz during a blockade?

Virgin Australia flags higher fuel costs amid the Mideast conflict

(Corrects to remove dated reference to Virgin adjusting airfare in paragraph 1. The company announced those measures on March 20.)

French inflation rises to 2.0% in March

Consumer prices in France rose 2.0% year-on-year in March, statistics office INSEE said on Wednesday, slightly above analysts' expectations and a preliminary reading of a 1.9%

Oil prices edge up as Hormuz shipping constraints counter US-Iran peace hopes

Oil prices edged up about 1% on Wednesday as the market focused more on Middle East supply disruptions than on comments by U.S.

Russia ready to help China with energy ahead of Putin's visit, foreign minister says

Russia is ready to increase energy supplies to China ahead of an expected visit by President Vladimir Putin, Russian news agencies quoted Foreign Minister Sergei

Foreign investors grow more wary of India as FX curbs hit bonds, earnings risks haunt equities

India's foreign exchange restrictions have made it costlier and more complex for overseas investors to hedge against

From Boston to Denver, US drivers cut back as Iran war pushes fuel costs higher

(In April 11 story, deletes reference to CFO in third paragraph from bottom and attributes information on pawn-loan transactions to EZCORP.)

Opposition candidate concedes defeat to Wadagni in Benin presidential race

The sole opposition candidate in Benin's presidential election, Paul Hounkpe, has conceded defeat to Finance Minister Romuald Wadagni following the vote in the West

BlackRock upgrades US stocks on resilient earnings, contained Middle East risks

BlackRock Investment Institute upgraded U.S. equities on Monday, joining other Wall Street brokerages in arguing that resilient corporate earnings, particularly in the technology

French central bank sees first quarter growth of 0.3%

France's economy grew marginally faster in the first quarter as some businesses rushed to place orders ahead of expected price rises following the outbreak of war in the

Conagra Brands names Smucker executive John Brase as new CEO

Conagra Brands on Monday named J.M.

AI-boosted hacks with Anthropic’s Mythos could have dire consequences for banks

Anthropic's Mythos, a new AI model the company and cybersecurity experts warn could supercharge complex cyberattacks, poses significant challenges

US IPO hopefuls forge ahead with listing plans amid market swings

A slew of companies across sectors, from biotech to real ‌estate investment trust, launched IPO roadshows on Monday, as issuers

Dollar fades as oil retreats from highs with US blockade in effect

The dollar eased from earlier highs on Monday and was on pace for a sixth straight daily decline after peace talks between the U.S. and Iran broke

Manulife Investment Management eyes Cellnex Swiss business, sources say

Spain's Cellnex is in talks to sell its stake in its Swiss unit to Toronto-listed Manulife Financial Corporation's investment

Uber faces second driver sexual assault trial following $8.5 million verdict

After a key setback in the first trial of its kind before a federal jury, Uber is expected to return to court on Tuesday to face a second woman's claims that

Luxury brands face profit squeeze as Iran conflict shrinks UAE mall sales, sources say

(Corrects 14th paragraph to make clear that damage to the Burj Al Arab hotel was caused by debris after an interception; changes headline to clarify that story is about UAE malls, not just Dubai Mall)

Trump orders DoorDash to White House, trying to sell his tip tax cut

President Donald Trump had McDonald's food delivered to the Oval Office on Monday in a bid to promote his lowering of taxes on tips, and handed the driver what

Financial Stability Board chair warns of stability "triple whammy" as funding conditions tighten

The global financial system has so far absorbed the economic shock caused by the Iran war, partly thanks to post-2008 crisis reforms, but rising funding costs may

Goldman Sachs beats profit estimates, weak fixed income trading drags down shares

Goldman Sachs beat expectations for quarterly profit on Monday, driven by strength in dealmaking and equities trading, but the U.S.

Xi calls China-Russia ties 'precious' in current international context

Chinese President Xi Jinping has praised the stability and certainty of China-Russia relations, calling them precious in the face of an international landscape intertwined with changes and chaos

Wall Street indexes gain as investors hold out hope for US-Iran resolution

The S&P 500 and the Nasdaq composite indexes rallied more than 1% on Monday as investors appeared

Chevron agrees to asset swap in Venezuela to focus on heavy oil projects

Chevron signed two key agreements on Monday to expand operations at Venezuela's vast Orinoco Belt, including

Surging petrol prices drive record EV sales in Europe in March

High petrol prices in Europe steered car buyers towards EVs in a record-beating March, and led to the first month of global EV sales growth this year, data by

Singapore Q1 GDP up 4.6% y/y, preliminary data shows, below expectations

Singapore's economy grew by 4.6% in the first quarter from a year earlier, preliminary government data showed on Tuesday.

United CEO Kirby raised potential tie-up with American in Trump meeting

United Airlines CEO Scott Kirby raised the potential of merging with American Airlines in a meeting with U.S.

Colombia's Petro walks back 100% tariffs on Ecuadorean goods

Colombian President Gustavo Petro on Monday said his country would not impose 100% tariffs on imports from Ecuador, reversing an announcement nL1N40T0UH made last week by

Singapore tightens monetary policy as Iran war fuels inflation risks

Singapore's central bank tightened its monetary policy settings on Tuesday, flagging the risk that an Iran war-fuelled energy shock

Texas attorney general probes Lululemon over potential 'forever chemicals' in its activewear

Texas Attorney General Ken Paxton has launched an investigation into athleisure brand Lululemon over the potential presence of "forever chemicals" in its activewear, he said on

Protracted Hormuz crisis could trigger agrifood catastrophe, UN food agency says

A prolonged crisis in the Strait of Hormuz could trigger a global agrifood catastrophe by disrupting fertiliser and energy exports, driving up food prices and squeezing crop

Police fire tear gas as workers' protest in India's Noida turns violent

Police lobbed tear gas shells and used "minimum force" on Monday to quell a factory workers' protest in the Indian national capital's suburb of

US begins blockade of Iran's ports, Tehran threatens retaliation

The U.S. military began a blockade of Iran's ports on Monday, President Donald Trump said, and Tehran threatened to

What does a US naval blockade of Iran mean for oil flows?

The U.S. military began blocking shipping traffic in and out of Iran's ports, a move that would prevent roughly two million barrels of Iranian oil a day from entering the world's

Seeking shelter from war and stagflation? Take a look at China's bond market

Investors are scooping up Chinese debt, which has stood tall in sliding bond markets globally, betting that China's low

Rattled by Trump, US allies eye Japan's biggest arms opening since WW2

Japan's imminent easing of arms export rules has sparked strong interest from Warsaw to Manila, Reuters reporting found, as President Donald

Nestle chairman targets volume growth

Swiss food giant Nestle must grow its sales volumes again, Chairman Pablo Isla was quoted as saying in an interview on Wednesday, referring to an adjusted product

Xi assures Russia of China's friendship as ties grow with other nations

China and Russia must trust and support each other, deepen cooperation and defend each other's interests, President Xi Jinping said on Wednesday, assuring Moscow of

Stellantis first-quarter shipments up 12% year-on-year

Franco-Italian automaker Stellantis said on Wednesday its global shipments rose 12% year-on-year in the first quarter to an estimated 1.4 million vehicles, consolidating a

Japan naphtha-dependent firms flag supply issues despite government assurances

Japanese companies whose output is dependent on naphtha or naphtha-based products are halting orders or slashing production

As Trump attacks friends and foes, Americans are changing their minds about China

As Trump attacks friends and foes, Americans are changing their minds about China

China's largest trade fair opens as export growth slows

China's largest trade fair, held twice a year, opened on Wednesday in the southern city of Guangzhou, where more than 32,000 exhibitors are showcasing products over an

BlackRock urges investors to spread hedge fund bets amid market swings

BlackRock's hedge fund team is urging investors to spread their exposure across multiple hedge fund strategies, as AI-related and geopolitical disruption

Wall Street rallies, oil stays higher as investors hope for US-Iran resolution

Wall Street stocks rose and oil retreated from highs above $100 a barrel on Monday as the U.S. said it continued to engage with Tehran to make a deal even

RBA's Hauser not sure interest rates are at the right level to tame inflation

A top Australian central banker said on Monday he was not confident that interest rates were at the right level to tame inflation, but policymakers would now also need to monitor

Australian consumer sentiment slumps on Iran war worries

Australia's consumer sentiment slumped in April to its lowest in more than two years, a survey showed on Tuesday, as consumers seem to be unnerved by the impacts of the

Bank of Korea governor nominee positive about won-denominated stablecoins

The nominee to become the Bank of Korea's governor agreed to introduce won-denominated stablecoins, saying they would play a role in the currency ecosystem of the future,

Australian business, consumer confidence crashes on worries about fallout from Iran war

Australia's business and consumer confidence crashed as the Iran war unleashed a global oil shock that may tip the local economy into a recession, surveys

Japan finance minister asks trade minister to avoid remarks on BOJ policy

Japanese Finance Minister Satsuki Katayama said on Tuesday she and Prime Minister Sanae Takaichi had told the trade minister to avoid commenting on the Bank of Japan's

GSK sees blockbuster potential in targeted cancer therapy after promising early data

British drugmaker GSK's experimental targeted cancer drug Mo-rez has blockbuster potential, its head of oncology research has told reporters, after early

Korean AI chip startup DeepX prepares public share offering

South Korean AI chip startup DeepX said on Tuesday it is preparing to list its shares domestically, adding the firm is open to a possible U.S. listing after that.

Bessent says Fed should 'wait and see' before lowering rates, Semafor reports

The Federal Reserve should "wait and see" before deciding whether to lower interest rates amid the war in Iran, U.S.

OpenAI's $852 billion valuation faces investor scrutiny amid strategy shift, FT reports

OpenAI's $852 billion valuation is under scrutiny from some of its own backers as the company shifts its focus to the enterprise market to fend off competition from Anthropic, the

Hollywood stars sign open letter opposing Paramount-Warner Bros deal

Over 1,000 filmmakers, actors and industry professionals signed an open letter opposing Warner Bros Discovery's proposed $110 billion merger with

US, Iran leave door open to dialogue after tense Islamabad talks

After a sleepless and at times tense night in Islamabad, Iranian and U.S.

US officials underwhelmed by French far-right's plans for economy

U.S. officials who met leaders of France's far-right National Rally were underwhelmed by their economic plans, two diplomatic sources said, in a blow

After tackling Kering's debt problems, de Meo faces the Gucci challenge

Seven months into the job, Luca de Meo has bought himself time as CEO of Gucci owner Kering. This week he has to prove he knows how to use it.

ANZ expects Brent crude to end 2026 at $88/barrel on Middle East supply losses

ANZ said on Tuesday it expects Brent crude to trade above $90 per barrel in 2026 before ending the year at $88 due to a loss of supply from the Middle East conflict.

South Korea to start building Sejong presidential office in August 2027

South Korea will begin construction of a presidential office in the administrative city of Sejong in August next year, the presidential Blue House said on

China's export engine stutters as Iran war chills global demand

China's export engine slowed sharply in March as war in the Middle East triggered shocks to energy and transportation costs, hurting global demand and

Iran to allocate part of oil revenues for reconstruction after attacks, minister says

Iranian oil sales in recent weeks have been favourable and part of the revenue will be allocated to repairing damage to industry caused by wartime attacks, Iran's oil

Australia Inc starts to feel Iran war fallout, raising stagflation risk

Australia's corporates are starting to count the cost of the war in the Middle East, with profit warnings from two top companies and a crash in business

Price hikes, outlook cuts - What airlines are doing as fuel costs surge

A surge in jet fuel prices driven by the U.S.-Israeli war on Iran has upended the global aviation industry, forcing airlines to raise fares and revise their financial outlooks.

China's Xi says rule of law must be upheld for Middle East peace

The international rule of law must be upheld for peace and stability to prevail in the Middle East, China's President Xi Jinping said on Tuesday, in a rebuke

Under pressure: Tracking the pain in G7 government debt

The world's major economies have seen their debt levels surge in recent years, while ever-

Russian Foreign Minister Lavrov arrives in China for talks on Iran and Ukraine

Russian Foreign Minister Sergei Lavrov arrived in China on Tuesday for talks on the wars in Ukraine and Iran as well as bilateral ties.

Philippines seeks US extension on waiver to buy Russian oil

The Philippines' Secretary of Energy Sharon Garin on Tuesday said the country has asked the United States to extend a waiver to purchase Russian oil and petroleum products

Citigroup upgrades US equities as tech strength and earnings outlook soothe Mideast war woes

Citigroup has turned bullish on U.S. equities, joining a flurry of brokerages betting on resilient corporate earnings, attractive valuations following recent pullbacks, and the

United Airlines CEO pitched American Airlines tie-up in meeting with Trump, sources say

United Airlines CEO Scott Kirby pitched the potential for merging with American Airlines in a meeting nFWN40W13A

China Evergrande's billionaire boss falls from circles of power to fraud plea

Mingling with power brokers at centenary celebrations of the Chinese Communist Party on July 1, 2021, a beaming Hui Ka Yan betrayed no sign of the pressure

ECB seeks bigger say on banks' capital requirements

The European Central Bank urged European lawmakers on Tuesday to give it a bigger say on banks' overall capital requirements, including those set by national

Spain, China pledge closer ties in the face of threats to world order

Europe and China must forge closer ties to counter threats to multilateralism, Spanish Premier Pedro Sanchez said on Tuesday after meeting Chinese

China finance ministry to meet underwriters on special treasury bond issuance plan

China's finance ministry will meet government bond underwriters on Thursday, and the agenda is expected to cover this year's issuance of ultra-long special treasury

Nissan to trim global car lineup, boost use of AI driving tech

Nissan Motor plans to streamline its global automobile lineup by shedding low-performing models and deploy artificial intelligence driving technology

HSBC's Europe and Americas banking head Keefe departs

HSBC's head of banking in Europe and the Americas Gerry Keefe has resigned, becoming the latest senior banker to depart since the bank's global overhaul

Oil tankers transiting Strait of Hormuz since start of Iran war

The U.S. blockade on vessels entering or leaving Iranian ports adds to uncertainty over shipping through the Strait of Hormuz, which has been all-but

US prosecutors make surprise visit to Federal Reserve office

Prosecutors from U.S.

Incoming Bank of Korea chief signals potential for hawkish shift amid surging import costs

Incoming Bank of Korea Governor nominee Shin Hyun-song on Wednesday signaled the potential for tighter monetary policy, stating the central bank must respond if supply-side

Japan's decade-long march towards arms exports

Japan has spent the past decade steadily dismantling some of the world's toughest arms export restrictions as it steps back from the postwar

UBS CEO Ermotti may stay late into 2027 due to new rules, succession gap, sources say

Sergio Ermotti could stay as CEO well into the second half of 2027 to steer UBS through a regulatory overhaul and give the board more time

Uber commits $10 billion to robotaxis in strategy shift, FT says

Uber has committed more than $10 billion to buying thousands of autonomous vehicles and taking stakes in their developers, breaking from its asset-light "gig economy" business

Luxury brands book sales drop as Mideast war takes toll on airport shopping

From DFS to Avolta, duty-free stores selling premium perfumes and spirits to big spenders are feeling the

Stocks rise, blockade holds, talks may resume

A look at the day ahead in European and global markets from Gregor Stuart Hunter Global equities are nudging higher with fresh record highs within view, after U.S.

UK's Reeves 'frustrated and angry' over US Iran war strategy, Mirror reports

British finance minister Rachel Reeves said on Tuesday she was "very frustrated and angry" over what she said was the United States' failure to have a clear exit plan or

Trump's voting restrictions bill may fail, but parts live on in 23 states

The SAVE America Act looks set to die in Congress, but 23 mostly Republican-led U.S. states have recently changed their voting procedures to mirror key aspects of

Hungarian election winner Magyar vows democratic shift with eye on EU funds

Hungarian election https://www.reuters.com/world/hungary/elections/ winner Peter Magyar nL8N40V06U promised on

Italy's surprise rise in exports to US masks deep fragility to tariffs

Italy was the only major EU country whose exports to the United States grew last year despite Donald Trump's tariffs.

US small business sentiment falls to 11-month low in March

U.S. small-business sentiment dropped to an 11-month low in March as a surge in oil prices because of the war in Iran overshadowed the benefits from low taxes, a

Russian drones hit Ukrainian port, officials say

Russian drones attacked Ukraine's Izmail port in the southern Odesa region and struck two civilian foreign-flagged vessels overnight and early on Tuesday, Ukrainian officials said

Industry group cuts global steel demand forecast for 2026 due to Iran war

The World Steel Association on Tuesday cut its forecast for global crude steel demand this year, partly due to the Iran war slashing consumption in the

War-weary markets filter out noise

By Mike Dolan April 14 - What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets Markets are clinging to hopes that there will be an eventual breakthrough in

Hormuz mission talks to focus on sanctions, seafarer releases, shipping readiness – source

Diplomatic meetings led by France and Britain this week to discuss a potential future multinational mission will be structured around a series of working groups, ranging

BMW deliveries slide in Q1 as China, US weakness outweighs Europe growth

BMW reported a 3.5% drop in global deliveries for the first three months of 2026 on Tuesday, as weak demand in China and the U.S. weighed on the German premium carmaker's sales.

Malaysia brings home high-value art, including a Picasso, seized in 1MDB probe

Malaysia's anti-graft agency said on Tuesday it had successfully repatriated four high-value pieces of artwork, including a 1961 Pablo Picasso print, recovered in

BetMGM cuts 2026 revenue forecast as punters win big in sports betting

U.S. online gambling operator BetMGM cut its 2026 revenue outlook on Tuesday, citing a soft first quarter for its online sports betting business. 

LVMH shares fall after Iran war hits first-quarter sales

Shares in French luxury goods group LVMH fell as much as 3% on Tuesday after first-quarter sales were hit as the war in Iran dented spending by Middle Eastern

CarMax posts quarterly loss on goodwill charge, weak used-car demand

Used car retailer CarMax reported a fourth-quarter loss on Tuesday, hurt by a goodwill impairment charge and shrinking margins from used vehicles.

Jet fuel shock from Iran war worsens crisis for global airlines

Air travel's worst crisis in years lurched deeper on Tuesday as Qantas Airways warned of spiralling costs,

ASML investors bet on 'picks and shovels' of AI revolution

Investors in, Europe’s most valuable listed company, are betting the chip-equipment maker can raise financial forecasts when it

IMF expects pace of Japan's interest rate hikes to speed up slightly

The International Monetary Fund said on Tuesday it expected the Bank of Japan to raise interest rates gradually, but at a slightly faster pace than projected six

Euro zone faces big growth hit even if Iran war quickly resolved, IMF says

Euro zone growth will slow this year and inflation surge, forcing the European Central Bank to lift interest rates, even if the economic disruptions caused by the Iran

Cuba's top destinations deserted, without power or fuel under US sanctions

The sun is setting in Pálpite, a small town on the edge of Cuba's vast Zapata Swamp, when suddenly the road swarms with activity.

War is over for Wall Street: stocks, dollar and fear index unwind moves

As the conflict in the Middle East edges towards its eighth week, financial markets are starting to diverge.

Trump says Iran talks could resume over next two days, NY Post reports

U.S. President Donald Trump said on Tuesday that Iran talks could resume in Pakistan over the next two days, according to an interview with the New York Post.

US, Iran may resume talks this week despite port blockade

Talks to end the Iran war could resume in Pakistan over the next two days, U.S.

Korean AI chip startup DEEPX, Hyundai work on robots powered by generative AI

South Korean AI chip startup DEEPX will expand its partnership with Hyundai Motor Group to develop a computing platform for generative AI robots using its

A shipment of Austrian timber and its tortuous new route to Qatar

Until the Iran war, shipments of Austrian spruce timber to Qatar, where the wood is used to support concrete and make

Sanctioned China tanker turns back to Strait of Hormuz, day after Gulf exit

The U.S.-sanctioned tanker Rich Starry made its way back to the Strait of Hormuz on Wednesday after exiting the Gulf the day before

Federal agencies skirt Trump’s Anthropic ban to test its advanced AI model, Politico reports

Federal agencies and government officials are quietly sidestepping U.S. President Donald Trump’s ban on working with Anthropic, Politico reported on Tuesday.

Greenland appoints former PM Egede as foreign minister

Greenland's prime minister said on Tuesday he had appointed his predecessor Mute Egede as foreign minister

IMF cuts growth forecasts for Germany as Iran war pushes up inflation

The International Monetary Fund cut Germany's growth forecasts for this year and next on Tuesday, in its largest downgrade among big euro zone economies,

Global satellite internet companies at a glance

Amazon.com said on Tuesday it would buy satellite company Globalstar in an $11.57 billion deal, as it looks to take on bigger rival SpaceX's Starlink.

IMF's Middle East war scenarios on global growth: weaker, worse and really bad

The International Monetary Fund on Tuesday issued three scenarios for the global GDP growth path in 2026 and 2027 amid massive uncertainty over the war in the Middle East, with

States, insurers await needed details to implement new US Medicaid work rules

The Trump administration's new law that Americans must work or volunteer to qualify for Medicaid

IMF cuts Turkey 2026 economic growth forecast on weaker momentum, energy prices

The International Monetary Fund cut its economic growth forecast for Turkey to 3.4% from 4.2% for this year, citing weaker-than-expected activity in 2025 and the drag from

US solar and wind contract prices rose sharply in first quarter

U.S. solar and wind contract prices rose sharply in the first quarter as project developers faced tariffs, labor shortages and permitting challenges amid soaring demand for power

In India, $1 housekeepers spark a consumer, worker frenzy despite safety risks

At Indian startup Pronto's training hub, women hone their chopping and mopping skills while learning how to send SOS signals if they

Fed nominee Warsh's holdings include SpaceX, Polymarket, crypto and AI

Holdings in Elon Musk's SpaceX company and predictions platform Polymarket are among dozens of future-oriented assets that Federal Reserve chair

Global companies delay IPOs and slash dividends as Middle East conflict rattles markets

The Middle East conflict has significantly impacted global financial markets, affected logistics and hindered the supply of raw materials integral to a host of industries.

Wall St opens higher as Mideast de-escalation hopes lift sentiment

Wall Street's main indexes opened higher on Tuesday after reports of fresh efforts to ease the Middle East conflict boosted sentiment, with traders also assessing corporate