Economy

Progressive Democrat wins New Jersey special election to succeed Mikie Sherrill

By Nolan D.

Ukraine PM says she feels more confident of US support after visit to Washington

Ukrainian Prime Minister Yulia Svyrydenko left the United States on Thursday buoyed by what she called positive talks with top U.S. officials,

Airline adding bunk beds for economy travelers but bans snacks, smells and cuddling

Air New Zealand will soon add triple-tier bunk beds for economy travelers to have a chance to sleep on long-haul flights

Panama Canal downplays report of $4 million 'line-jumping' auction payment amid higher traffic

The Panama Canal Authority on Thursday downplayed a report that an LPG vessel paid $4 million to jump the transit queue, saying the result reflected temporary market

BOJ chief avoids hints of April rate hike, shattering hawkish market bets

Bank of Japan Governor Kazuo Ueda steered clear of signalling a rate hike was on the cards this month, instead highlighting the country's low real

IMF, World Bank say they are resuming dealings with Venezuela

The International Monetary Fund and the World Bank said on Thursday they had resumed dealings with Venezuela, which had been paused since 2019.

Trump tries economic reset as Republicans fret over high gas prices

U.S.

Sony to get up to $380 million image sensor factory Japan subsidy

The Japanese government will provide subsidies of up to 60 billion yen ($380 million) to Sony for an image sensor plant in the western Japanese prefecture of Kumamoto,

OpenAI to spend more than $20 billion on Cerebras chips, receive stake, The Information reports

OpenAI has agreed to pay chip startup Cerebras more than $20 billion over the next three years to use servers powered by the company's chips, under a deal that could also give the

Less than a year after being fired, former FEMA chief is set to be reinstalled by Trump

Less than a year after being fired, former FEMA chief is set to be reinstalled by Trump

Lawmakers gathered quietly to talk about AI. Angst and fears of 'destruction' followed

Lawmakers on Capitol Hill conducted a roundtable with leading AI executives and academics to discuss the potential transformative impacts of the technology on American society

The Latest: A 10-day ceasefire agreed on by Israel and Lebanon has gone into effect

A 10-day ceasefire announced by U.S. President Donald Trump and agreed on by Lebanon and Israel has started

A 10-day ceasefire agreed on by Israel and Lebanon goes into effect

A 10-day ceasefire announced by U.S. President Donald Trump and agreed on by Lebanon and Israel has started

Democrat Analilia Mejia will win House special election in New Jersey, further narrowing GOP majority

Democrat Analilia Mejia will win House special election in New Jersey, further narrowing GOP majority

Federal officials order flight cuts at Chicago O'Hare to reduce airport delays

About 300 flights per day must be cut from the schedule at Chicago O’Hare International Airport on the busiest days this summer in an effort to reduce flight delays, The U.S. Department of Transportation and Federal Aviation Administration order said Thursday the airlines scheduled more flights than O'Hare could handle, so the government told the airlines to make cuts

A vaccine standoff and other key moments from RFK Jr.'s first congressional hearing in months

Health Secretary Robert F. Kennedy Jr. defended a more than 12% proposed cut to his department's budget and dodged arrows from angry Democrats as he kicked off an expected sprint of seven hearings in Congress over the next seven days

NiSource signs long-term power deal with Alphabet, expands Amazon agreement

U.S. utility NiSource said on Thursday it had signed a long-term energy supply agreement with a unit of Alphabet to support a large data center in northern Indiana.

California gasoline stocks fall to record lows as Hormuz disruption bites

California’s gasoline inventories have declined to record lows as fuel prices have surged nationwide on the back of the war on Iran, and analysts warn that

US to delay weapons deliveries to some European countries due to Iran war, sources say

U.S. officials have informed some European counterparts that some previously contracted weapons deliveries are likely to be delayed

Fuel surge threatens Spirit Airlines bankruptcy exit, raises liquidation risk

Spirit Airlines' bankruptcy exit plan is under renewed pressure after a sharp rise in jet fuel

Israel and Lebanon begin ceasefire, Trump says Iran may meet US over weekend

A 10-day ceasefire between Lebanon and Israel went into effect on Thursday and President Donald Trump said the next meeting

Haiti hunger crisis deepens as almost 6 million face acute food insecurity

Nearly 6 million people in Haiti are expected to face acute food insecurity in the coming months, underscoring how gang violence, mass displacement and economic

Trump administration restores funding to Manhattan subway project after NY sues

The Trump administration has agreed to resume funding a key Manhattan subway project after New York officials sued

Final size of interest rate calibration in Brazil is open, official says

Brazil's central bank is cautious amid uncertainties over the potential duration and consequences of the U.S.-Israeli conflict with Iran, and the final size of its interest rate

Bangladesh needs to replenish capital in banks and private sector, finance minister says

Bangladesh Finance Minister Amir Khosru said on Thursday his country needs to erase a capital deficit in its banks and private sector for any reforms to take

Euro zone inflation surges past ECB target on oil shock

Euro zone inflation soared past the European Central Bank's 2% target this month as surging oil and gas costs drove up headline

Carlyle to buy majority stake in MAI Capital at over $2.8 billion valuation

MAI Capital Management said on Tuesday that funds managed by investment firm Carlyle Group will buy a majority stake in a deal valuing the wealth management firm at more than $2.8

Mongolia names new prime minister following stalemate in parliament

Mongolia's parliament on Monday confirmed Uchral Nyam-Osor as the nation's third prime minister in nine months, following his predecessor's resignation last week over

Canada reports modest economic growth in January

The Canadian economy eked out modest growth in January, with monthly gross domestic product rising slightly as strength in most goods-producing

Wall St opens higher on Mideast de-escalation hopes; monthly losses loom

Wall Street's main indexes opened higher on Tuesday, as markets welcomed a report signaling potential de-escalation in the Middle East conflict that has set the S&P 500 and the

Countries need to step up on Strait of Hormuz, says Hegseth

The United States has done the lion's share of the work in making Iran less of a threat and other countries now need to step up to reopen the critical

US lawmakers press SEC's top official over enforcement director's exit

Top U.S.

Pricier fuel hits Tokyo cherry blossom river cruises ​

A few dozen tourists hopped onto a small cruise boat in Tokyo to admire the cherry blossoms lining the Meguro River -- a seasonal

Why is Unilever hiving off its food business?

Unilever said on Tuesday it will merge its food business with spice maker McCormick in the second-largest food transaction in history, a deal that will

US single-family home prices rise moderately in January, FHFA says

U.S. single-family house prices increased moderately in January, but rising mortgage rates as the war in the Middle East drags on could sideline potential first-time

At least 25 sanctioned Russian ships pass through UK waters after boarding threat

More than two dozen ships sanctioned for being part of Russia's so-called shadow fleet have passed through UK waters since Prime Minister

Trump urges countries seeking oil to go to Strait of Hormuz and 'just take it'

President Donald Trump on Tuesday urged countries that did not help in the U.S.-Israeli strikes on Iran to buy American oil and go to the Strait of Hormuz and "just

Ukrainian drones strike Russia's Ust-Luga port again, sources say oil terminal hit

Ukrainian drones on Tuesday struck Russia's Baltic Sea port of Ust-Luga for the fifth time in 10 days, and industry sources told Reuters an oil loading terminal was hit,

Cholula sauce maker McCormick beats quarterly sales estimates on steady demand

McCormick, which is set to merge with Unilever's food business, beat first-quarter sales estimates on Tuesday, helped by resilient demand for its seasonings and condiments. 

Canadian GDP up 0.1% in January, most likely up 0.2% in February

The Canadian economy grew by 0.1% in January as gains in mining, quarrying, and oil and gas extraction more than offset a contraction in manufacturing, Statistics Canada

Markets in Q1: Everything everywhere all at once

The start to the year has have left investors with a serious case of whiplash with the eruption of war in Iran triggering a record jump in oil prices, major

Bangladesh considers partial online classes amid energy crisis

Bangladesh is considering introducing partial online classes in schools as part of austerity measures to ease pressure from the global energy crisis and domestic

Unilever and McCormick agree to food business deal

Unilever has agreed to separate its food unit, home to Knorr and Hellmann's, and merge it with spice maker McCormick in a cash-and-stock deal valuing the British firm's food

Russia's Lavrov says regime change plans in Iran and Venezuela were about oil

Russian Foreign Minister Sergei Lavrov said on Tuesday that U.S. plans to unfurl regime change in Iran and Venezuela were aimed at gaining more control over oil and gas

German institutes cut 2026, 2027 growth forecasts, raise inflation outlook, sources say

Germany's leading economic institutes cut their economic growth forecasts for this year and next and sharply raised their inflation forecasts in response to the Iran

Amazon, Delta team up for in-flight Wi-Fi, challenging Musk's Starlink

Amazon's Leo satellite internet unit signed a deal with Delta Air Lines to provide in-flight Wi-Fi on 500 of the airline's planes starting in 2028

March is the cruellest month

By Mike Dolan March 31 - What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets The turbulent first quarter of 2026 ends with a dull thud, as the Iran war

Italy's population stops shrinking after 12 years, thanks to migration

Italy's population has stabilised after 12 years of decline, with immigration almost entirely offsetting a shrinking number of births, while life

NHTSA opens probe into about 75,000 Nissan Frontier trucks over fuel leak concerns

The National Highway Traffic Safety Administration on Tuesday launched a probe into about 75,300 model-year 2006 Nissan Frontier pickup trucks due to concerns about potential fuel

Lebanese officials had 'good' meeting with IMF, finance minister says

Lebanese Finance Minister Yassine Jaber on Thursday said his government had good meetings this week with the International Monetary Fund and remained

Land management company EagleRock discloses revenue rise in US IPO filing

Land management company EagleRock Land reported higher annual revenue in paperwork filed on Thursday for a U.S. initial public offering, positioning itself as a rare energy

FAA clamps down on airline turf war at Chicago O'Hare with summer flight cap

The U.S.

G7 finance chiefs say it is urgent to limit Middle East war's cost to global economy

Finance chiefs of the Group of Seven nations on Thursday said it was urgent to limit the cost to the global economy of an enduring Middle East war and "reaffirmed the

ECB policymakers play down April rate hike chances

European Central Bank policymakers played down the chance of a rate hike as soon as this month, arguing that more data will be needed and the precise

Valero partially restarts Port Arthur, Texas refinery after blast, sources say

Valero Energy Corp has partially restarted its 380,000 barrel-per-day Port Arthur, Texas refinery following a March 23 explosion and fire, said two people

Netflix co-founder Hastings exits as streaming pioneer hunts for growth

Netflix Chairman Reed Hastings is quitting the streaming service he co-founded 29 years ago.

Trading Day: Nasdaq notches 12-day winning streak as Middle East peace talks progress

By Stephen Culp April 16 - Wall Street moved higher on Thursday, as traders assessed ongoing Middle East peace negotiations and parsed a mixed bag of corporate earnings.

German automaker Mercedes-Benz to invest $4 billion in Alabama SUV plant

German automaker Mercedes-Benz said on Tuesday it will invest $4 billion at its Alabama plant through 2030 to boost SUV production as it seeks to address

Zelenskiy says he will ask US to relay Easter energy truce offer to Russia

Ukrainian President Volodymyr Zelenskiy said on Tuesday he would ask U.S. mediators to pass Kyiv's offer of an Easter ceasefire for

TikTok seeks Brazil fintech license to offer credit

Social media platform TikTok, controlled by China's ByteDance, is seeking approval from the Brazilian central bank to operate as a lending and payments

US consumer confidence rises,  but job openings and hiring drop sharply

U.S. consumer confidence unexpectedly edged up in March, but households remained downbeat on the labor market and anticipated higher inflation over

Warren Buffett will not commit to more donations to Gates Foundation

Warren Buffett on Tuesday declined to commit to continuing his annual multibillion-dollar donations to the Gates Foundation, following the recent release of

Volvo leans on Chinese parent Geely to survive in tough car market

Volvo Cars' only way to survive as competition intensifies is by cooperating with Geely's other car

Fed's Schmid warns against complacency on inflation

Kansas City Federal Reserve President Jeff Schmid on Tuesday warned against assuming higher energy prices will have only a transitory effect on inflation, given that inflation was

Trump administration prepares final lending rule to narrow civil rights protections

The U.S. federal watchdog agency for consumer finance expects to finalize new regulations proposed in November that would narrow key civil-rights-

Israel to destroy 'all houses' near Lebanon border, defence minister says

Israel will destroy all homes in Lebanese villages near the border and 600,000 people who fled the south will not be allowed home until northern Israel

California AI order requires firms seeking state contracts to have safeguards against abuse

California Governor Gavin Newsom signed an executive order on Monday that requires firms seeking contracts with the state to provide safeguards against AI misuse, including the

European shares snap eight-month winning streak as Mideast conflict weighs

European stocks ended Tuesday with their steepest monthly decline in nearly four years, underscoring the degree to which the Middle East conflict

Absences fall sharply after US airport security workers finally get paid

The Transportation Security Administration said absences among the nation's 50,000 security officers fell sharply on Monday as workers were paid

S&P 500 heads for worst quarter since 2022 as Iran war, rate worries rattle Wall Street

The broad U.S. equity index is closing out its worst quarter in four years, reflecting an investor retreat driven in large part by inflation fears,

EU may revive 2022 energy crisis measures in response to Iran war

The European Union is considering reviving energy crisis measures it used in 2022 when Russia slashed gas deliveries, to address the unfolding disruption

European power companies plot US expansion despite past struggles

Several major European power companies are laying out big plans to expand in the United States, as the lure of explosive electricity

Chinese securities regulators targeted for graft as China woos global capital

China is stepping up a years-long anti-corruption drive against securities regulatory officials as Beijing works to improve the image of its

JPMorgan to increase small-business lending, hire more credit officers

JPMorgan Chase is planning a significant increase in loans to small businesses in coming years as part of a plan aimed at boosting growth in local U.S

WTO cannot address trade imbalances, but US not ready to exit, Greer says

The World Trade Organization is unable to deal with the core challenges of the global trading system, but the U.S. is not ready to leave the body, U.S.

How food shaped Unilever for nearly a century

Unilever said on Tuesday it will merge its food business with spice maker McCormick in what would be the second-largest food transaction in history, creating a company worth

Unilever works council warns of union action if workers are not protected in McCormick deal

Unilever's European works council is worried about job losses from the company's food merger with McCormick, warning that it was stoking uncertainty and

Brazil's Lula announces Alckmin as running mate for 2026 election

Brazilian President Luiz Inacio Lula da Silva said on Tuesday that Vice President Geraldo Alckmin will again be his running mate in an October election,

KKR plans to privatise Japan's Taiyo Holdings with $3.3 billion tender offer

Global investment firm KKR said on Tuesday that an entity owned by its investment funds seeks to make a tender offer to buy all shares of Japanese chemical manufacturer Taiyo

Lebanon bracing for long-term displacement crisis amid funding crunch, minister says

Lebanon is preparing for the possibility that hundreds of thousands displaced by Israeli strikes and evacuation orders will not return home

Tether cuts two gold traders hired three months ago, source says

Tether has let go two senior precious metals traders it hired from HSBC only three months ago, a source with direct knowledge of the matter told Reuters on Tuesday.

GM idles Detroit EV plant, temporarily laying off 1,300 workers

General Motors is idling a Detroit electric vehicle plant until April 13, extending downtime that began on March 16, the company said

Ireland to offer new personal savings account from 2027, finance minister says

Ireland plans to offer a new personal savings and investment scheme from next year to encourage people to invest some of the 170 billion euros ($196 billion) earning

Nvidia bets $2 billion on Marvell as rising AI adoption fuels competition

Nvidia has invested $2 billion in Marvell Technology as part of efforts to make it easier for customers to use the custom artificial

German chancellor clarifies Syrian refugee comments after backlash

German Chancellor Friedrich Merz clarified on Tuesday comments he made about the return of Syrian refugees to their homeland after economists and politicians warned that a

US job openings fall in February; hiring lowest since pandemic

U.S. job openings fell more than expected in February and hiring dropped to the lowest level in nearly six years, government data showed on Tuesday.

Millions of bad loans hobble Greece's economic recovery, IMF official says

Millions of unprocessed bad loans from last decade's debt crisis are slowing Greece's economic growth and stymying the rebound

US appeals court upholds decision to dismiss Boeing criminal case

A U.S. appeals court on Tuesday upheld a ruling by a lower court to approve the Justice Department decision to dismiss a criminal case against

Novo Nordisk to launch discounted Wegovy subscriptions for self-pay patients in US

Novo Nordisk will launch a discounted subscription plan for U.S.

AI-led selloff in contract research firms may be misjudging disruption risk

Shares of contract research organizations have tumbled on fears that advances in artificial intelligence could allow drugmakers to take

Hungary foreign minister discussed EU sanctions with Russia in leaked audio

Hungary's foreign minister and his Russian counterpart discussed EU sanctions in an audio clip released by an investigative news outlet on Tuesday, days

Indonesian forest loss surges by 66% in 2025, driven by Prabowo's self-sufficiency drive, report shows

Forest loss in Indonesia surged by 66% in 2025, hitting its highest rate in eight years as a result of weak environmental

Analysts cut Russia's economic growth forecast for 2026: Reuters poll

The Russian economy will grow by 0.8% this year, down from a forecast of 1% a month ago, according to a Reuters poll of 16 analysts on Tuesday, echoing an earlier

Unilever, McCormick strike deal to create $65 billion food giant

Unilever will merge its food business with spice maker McCormick, it said on Tuesday, creating a company worth around $65 billion in

US strips citizenship from couple in trade theft case, part of Trump immigration push

President Donald Trump's administration is revoking the U.S. citizenship of a California couple who emigrated from China and pleaded guilty to

Colombia central bank raises rates to 11.25%, government withdraws from board

Colombia's central bank raised the benchmark interest rate on Tuesday for a second consecutive policy meeting, to 11.25%, while the

WTI, June Brent crude futures settle down on reports that Iran may be ready to end war

Brent futures for June delivery settled down more than $3 on Tuesday following unconfirmed media reports that Iran's president said the country was

AT&T signs deal worth $2 billion to upgrade emergency cellular network

AT&T has reached a deal to invest about $1 billion to improve the Commerce Department's FirstNet and deliver $1 billion in cost savings for the program via reduced rates, a U.S

Global equities rebound on de-escalation hopes, ending a weak month

Global equity and bond markets jumped on Tuesday on speculation of a potential de-escalation in the Middle East conflict

Q1 ends with a BANG!

Wall Street closed a tumultuous first quarter with a bang on Tuesday as hopes of de-escalation in the Middle East powered stocks to their best

Beyond Meat misses quarterly results estimates on persistent demand struggles

Faux meat maker Beyond Meat missed Wall Street estimates for fourth-quarter sales and posted a larger-than-expected operating loss on Tuesday due to sluggish demand for its higher

NY Fed appoints Citi CEO Jane Fraser to Federal Advisory Council

The Federal Reserve Bank of New York said on Tuesday it has appointed Jane Fraser, chief executive of Citigroup, to the Federal Reserve Board of Governors' Advisory Council.

Elon Musk must face class action over late disclosure of Twitter stake, judge rules

A federal judge on Tuesday said former Twitter investors who accused Elon Musk of defrauding them by waiting too long to disclose his initial 

World Bank approves $2 billion loan for Turkey's new railway project

The World Bank on Tuesday approved a loan of $2 billion to Turkey for a new railway line across the Bosphorus in what would be the nation's largest foreign-financed railway

US says Iran war at decisive moment, Tehran threatens US businesses in region

U.S.

Syria will stay out of Iran conflict unless it faces aggression, president says

Syrian President Ahmed al-Sharaa said on Tuesday that his country will stay out of the U.S.-Israeli war against Iran unless Syria is subject to aggression and has no diplomatic

US customs agency says tariff refund system progressing, but payments may take up to 45 days

The U.S. customs agency said on Tuesday it was making progress in setting up a streamlined process for refunding some $166 billion in tariff

Maradona's former home is transformed into a soup kitchen in Argentina

Every week, hundreds of people line up to fill a plastic container with food in an unlikely place: the humble home where

US exempts Gulf of Mexico drillers from endangered species rules

A committee of senior officials in President Donald Trump's administration voted on Tuesday to exempt the Gulf of Mexico oil and gas industry from a federal law

Drugmakers delay some European launches with a wary eye on Trump's pricing policies

Drugmakers are delaying launches of some new medicines in Europe as the industry grapples with U.S. pressure and

Activist investor Irenic swoops in on Snap with new stake, shares surge

Activist investor Irenic Capital Management said on Tuesday that technology company Snap could be worth at least five times as much as today's valuation but

Monzo to close US business to focus on UK and Europe

British mobile bank Monzo said on Tuesday it is exiting the United States, describing the move as a strategic decision to focus on expanding in the UK and Europe.

China's new home prices rise in March; big cities see seasonal pickup, private survey shows

China's new home prices edged up in March, reversing a decline in the previous month, supported by a seasonal pickup in demand in major cities, a private survey showed on

Japan business mood, inflation expectations rise but Iran war clouds outlook

Japan saw the business mood improve and corporate inflation expectations heighten in the three months to March, a closely watched survey showed, helping the

Asia barters for scarce energy as Iran crisis throttles supplies

Indonesia's leader visited Tokyo this week in Asia's latest flurry of fuel bartering efforts to

South Korea chip boom powers export growth to four-decade high

South Korea's exports beat forecasts in March, surging at their fastest pace in nearly four decades on an AI-driven chip boom, but supply risks from the Middle

China, Pakistan call for Iran peace talks, normal navigation in Strait of Hormuz

China and Pakistan on Tuesday called for an immediate ceasefire in the Gulf and the wider Middle East, urging the swift launch of peace talks and the restoration of normal

China's factory activity expands but price pressures intensify, private PMI shows

China's manufacturing sector expanded in March for a fourth straight month as output and new orders continued to grow, but rising price pressures sharply intensified, a

China set to extend fuel export ban with small exemptions, sources say

China is poised to extend its ban on refined fuel exports into April, five industry sources with knowledge of the matter said, though

Dollar drops on Iran war de-escalation hopes

The dollar fell on Tuesday on

Republican senator proposes to widen US ban on Chinese autos

Republican Senator Bernie Moreno said on Tuesday he will introduce legislation next month to toughen a U.S. government ban on Chinese

Argentina designates Iran's IRGC a terrorist organization, aligning with US

Argentina has designated Iran's Islamic Revolutionary Guard Corps (IRGC) as a terrorist organization, its presidential office said in a statement on Tuesday,

Sequoia Capital names veteran Doug Leone as chairman

Sequoia Capital has named former senior steward Doug Leone as chairman, partners at the storied Silicon Valley venture capital firm said in X posts on Tuesday.  

Japan's factory growth slows in March as Iran war weighs, PMI shows

Japan's factory activity expanded at a slower pace in March as growth in output, orders and manufacturers' confidence cooled and cost pressures hit a 19-month high due to

South Korea factory activity expands at strongest pace in over 4 years, PMI shows

South Korea's factory activity expanded at the strongest pace in more than four years in March, led by semiconductor demand and new product launches, even as the Middle East

SpaceX lines up 21 banks for mega IPO, code-named project Apex

(In paragraph 6, inserts dropped word "active") By Echo Wang March 31 - SpaceX is working with at least 21 banks on its blockbuster initial public offering, people familiar with the matter said on

IMF reaches loan deals with Papua New Guinea to unlock $216 million

The International Monetary Fund (IMF) said on Tuesday it had reached staff-level loan agreements to give Papua New Guinea access to about $216 million, once approved.

UK pay body sees potential 3.7% rise for minimum wage in 2027

Britain's minimum wage may need to rise by around 3.7% next year to 13.18 pounds ($17.38) an hour to keep up with the likely rise in average earnings, the

Unilever and McCormick investors find $65 billion food deal hard to swallow

Unilever and McCormick shareholders found the reality of their planned $65 billion food deal hard to

Anthropic to sign deal with Australia on AI safety and economic data tracking

Anthropic said on Wednesday it would sign an agreement to share its economic index data with the Australian government to help track artificial intelligence adoption across

Wall Street soars as traders bet on potential war off-ramp

Wall Street ended sharply higher on Tuesday, lifted by speculation about a potential de-escalation in the Middle East conflict that has sent

US pump prices hit $4 a gallon as Iran war wreaks havoc on global energy supply

U.S. average gasoline prices rose above $4 a gallon on Monday for the first time in more than three years, capping the sharpest monthly rise

Trump says U.S. strongly considering NATO exit, Telegraph newspaper says

U.S.

Nike forecasts surprise sales drop as China weakness hurts turnaround efforts

By Savyata Mishra and Nicholas P.

South Korea and Indonesia discuss energy security, sign agreements on minerals and tech

South Korean President Lee Jae Myung held talks on Wednesday with Indonesian leader Prabowo Subianto, discussing energy security and agreeing

New BP CEO Meg O'Neill starts off by promising consistency, staff note shows

BP's new CEO Meg O'Neill began her stint on Wednesday by offering consistency while accelerating the group's performance, a year

PE firm Arcline walks away from bid for UK's Senior as other suitors circle

The field of suitors for British aerospace and defence supplier Senior Plc narrowed after private equity firm Arcline Investment Management dropped out of buyout talks on Wednesday

UK factories see biggest month-on-month jump in costs since 1992, PMI shows

British factory cost pressures soared in March and delivery delays - due to ships avoiding the Strait of Hormuz - were the longest since mid-2022, according to a survey

Euro zone economy may already be on ECB's 'adverse' path, policymaker warns

The euro zone economy may already be on the "adverse" path outlined by the European Central Bank and inflation could become entrenched quicker than in

World does not need a crisis over Taiwan, opposition leader says ahead of China trip

At a time of international turbulence the world does not need a crisis over Taiwan, the leader of the island's largest opposition party said on Wednesday ahead of a

German manufacturing expands in March despite Iran war supply strains, PMI shows

Germany's manufacturing sector expanded in March at its fastest pace since May 2022 as output and new orders grew despite supply disruptions tied to the Iran war, a survey

French manufacturing stagnates in March as Middle East conflict hits orders -final PMI

French manufacturing activity showed little sign of expansion in March, a monthly business survey showed on Wednesday, as the impact of the U.S-Israeli-led war on Iran

Rubio says US can see 'finish line' on Iran war

U.S.

Rubio says Venezuela will ultimately need transition phase, free elections

U.S.

North Korea-linked hack hits largely invisible software that powers online services

Hackers linked to North Korea breached behind-the-scenes software that runs many common online functions in an effort to steal login information that could enable

Oracle begins layoffs affecting thousands, CNBC reports

Cloud computing firm Oracle is laying off thousands of employees, CNBC reported on Tuesday, citing two people familiar with the matter.

April fools rush in

A look at the day ahead in European and global markets from Gregor Stuart Hunter: De-escalation hopes for the Iran war are spurring a rally in stocks and bonds, but - drawing attention to today's date

Qantas, American Airlines get interim Australia nod for trans-Pacific tie-up

Australia's competition regulator said on Wednesday it has granted interim authorisation to Qantas and American Airlines to continue cooperating on trans-Pacific routes linking

Trump will personally go to Supreme Court for birthright citizenship case

U.S.

War-driven US dollar rebound to fade as broad safe-haven appeal erodes: Reuters poll

The dollar's modest rebound since the U.S.-Israeli war on Iran started a little over a month ago will fade as its safe-haven appeal erodes, according

Coca-Cola plans to invest $1 billion in South Africa through 2030

Coca-Cola and its two authorized bottlers, Coca-Cola Beverages South Africa and Coca-Cola Peninsula Beverages, will invest 17.6 billion rand ($1.05 billion) in South

Mega IPOs set to test US market depth despite volatility

Companies raised the most through share sales in the first quarter since 2021, and mega-IPOs from Space

Factory input costs soar worldwide as Iran war snarls up supply chains

Factories across the world faced soaring input costs and supply chain disruptions in March due to the Iran war as underlying tepid

Former German finance minister Joerg Kukies to join Morgan Stanley

Joerg Kukies, a former German finance minister, will take a role at Morgan Stanley, the U.S. bank said on Wednesday, marking a return to the senior ranks of banking

Australian leader urges using public transport, says war's effects will last months

Australian Prime Minister Anthony Albanese warned the economic shocks of the war in the Middle East would be felt for months and

EU fines on US companies are biggest source of friction, State Department official says

A senior U.S.

Finding the 'off ramp'

By Mike Dolan April 1 - What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets “Off ramp” seems to be the word of the week surrounding the Iran war - and the

EU announces a further $2.3 million in humanitarian aid for Cuba

The European Commission has released a further 2 million euros ($2.3 million) in aid for Cuba, it said on Wednesday, to tackle what it described as worsening humanitarian

Stronger polls buy Flavio Bolsonaro time on economic team as Brazil race heats up

Rising public support for Brazilian opposition Senator Flavio Bolsonaro's presidential run has allowed him to put

Apple's 50-year journey from garage to tech titan

In early 1976 in California, Steve Wozniak had just completed the design of a computer circuit board he intended to share with fellow hobbyists at a

New BOJ board member warns of stagflation risk from Iran war

Japan may face stagflation risks from the Iran war that would be challenging to deal with using monetary policy, new Bank of Japan board member Toichiro

Euro zone factories see jump in input costs, supply snags, survey shows

Euro zone manufacturers faced soaring input costs and supply chain disruptions in March due to the Iran war, even as underlying tepid demand threatened to undermine the

Europe risks recession if oil jumps over $150, ECB's Stournaras says

Europe could face recession if the Iran conflict drags on and oil prices jump over $150 per barrel, European Central Bank policymaker Yannis Stournaras told Greek radio on

Race to launch weight-loss pill heats up as Lilly wins US approval

Eli Lilly on Wednesday became the second company to gain approval for a weight-loss pill, as the multibillion-dollar market shifts toward more convenient oral therapies.

UK's Starmer calls for closer Europe ties as Iran war strains US relations

Prime Minister Keir Starmer said on Wednesday that the global instability caused by the Iran war means Britain should pivot to focusing

Wall St opens higher as Iran war resolution hopes lift sentiment

Wall Street's main indexes opened higher on Wednesday, building onto their biggest one-day jump in nearly a year in the previous session, following President Donald Trump's comment

Record megadeals in first quarter set the pace for global M&A gains

Turbulence linked to the war in Iran and swings in valuations have yet to deter corporate deal-making as

US private payrolls increase steadily in March, ADP says

U.S. private payrolls increased steadily in March, the ADP's national employment report showed on Wednesday.

Fed's Barkin: Households, firms still see oil shock through a "short-term lens"

Businesses continue to act as if high oil prices will prove only a short-term disruption, with little evidence yet it has caused consumers to pull

German institutes cut growth forecast as Iran war drives inflation higher

Germany's leading economic institutes cut their growth forecasts for this year and next on Wednesday and sharply raised their projections for inflation as

A war meant to break Iran could leave Tehran stronger, and Gulf exposed

If President Donald Trump ends the war with Iran without a deal, he risks leaving Tehran with a stranglehold over Middle East energy supplies and Gulf Arab

Trump bets his tax cuts will please Las Vegas voters on his swing West

President Donald Trump is betting that the tax cuts he signed into law last year will resonate with voters in Las Vegas

Trump’s top regulator for prediction markets pledges crackdown on insider trading

Trump’s top regulator for prediction markets pledges crackdown on insider trading

Sen. Warren calls for greater transparency into Federal Reserve nominee's financial holdings

President Donald Trump’s nominee to run the Federal Reserve, Kevin Warsh, is likely to face tough questions about his vast financial holdings at a hearing next week by the Senate Banking Committee

US urges nations to back 'trade over aid' plan as UN warns against privatizing assistance

The U.S. is urging other nations to back a “trade over aid” initiative at the United Nations as part of the Trump administration’s broader shift away from donor-focused development assistance and toward greater private investment

Cuban leader, marking Bay of Pigs anniversary, vows to defeat US forces if attacked again

Cuban leader, marking Bay of Pigs anniversary, vows to defeat US forces if attacked again

Wall Street sets another record after US stocks tick higher

The U.S. stock market ticked upward to another record high

New York loses nearly $74 million for not revoking 33,000 illegal licenses for immigrant truckers

New York will lose more than $73.5 million in federal money because the Transportation Department says that state has refused to revoke nearly 33,000 questionable commercial driver’s licenses for immigrants since an audit uncovered problems last year

USTR's Greer says offshoring, rules of origin on agenda for Mexico trade talks

U.S. businesses continue to offshore operations to Mexico despite the revamped regional trade pact that was meant to stymie that activity, U.S.

Fed's Miran may scale back rate-cut outlook again due to 'less favorable' inflation developments

Federal Reserve Governor Stephen Miran, by far the U.S. central bank's most aggressive advocate for fast and immediate interest rate cuts, said on

Trump weighs appointing Michael Murray to lead antitrust at DOJ, Bloomberg News reports

The White House is considering appointing attorney Michael Murray to lead antitrust enforcement at the U.S.

Pirelli raises prices as part of Middle East crisis mitigation plan

Italian premium tyremaker Pirelli said on Thursday it had activated a "mitigation plan" to limit the effects of the ongoing Middle East crisis, which includes price

France's Villeroy says central bank independence is prerequisite for successful monetary policy

Central bank independence is a prerequisite for successful monetary policy, Bank of France Governor Francois Villeroy de Galhau said on Thursday.

Germany unlikely to slip into recession, Bundesbank chief says

Bundesbank President Joachim Nagel said on Thursday that the oil price shock due to the Iran war will take a toll on the German economy but is

US companies that jumped ship to tech, AI businesses over the years

Sneaker company Allbirds' pivot to AI computing has revived a Wall Street trend in recent years: smaller companies leaning into tech-focused

FBI under Trump ramps up probe of ex-CIA chief Brennan over Russia report, sources say

The FBI plans to question roughly a half-dozen witnesses in its criminal inquiry into ex-CIA Director John Brennan over a U.S.

Bank of England says it is testing AI risks to financial system

The Bank of England is testing the risks to the financial system caused by AI by conducting scenario analysis and simulations, the central bank said in a letter published by

Codelco, Anglo pursue twin environmental approvals for shared Chile copper pit

Chilean copper producer Codelco and global miner Anglo American plan to submit separate environmental studies to regulators for their planned shared

Lufthansa grounds planes, Nigerian carriers threaten to stop flying as Iran war strains show

Governments and airlines are sounding increasingly urgent alarms about diminishing jet fuel

Arxis surges in Nasdaq debut, signals strong demand for aerospace IPOs

Aerospace and defense parts maker Arxis' shares surged nearly 36% in their Nasdaq debut on Thursday, signaling growing appetite for defense and industrial listings

World Bank plans up to $2 billion guarantee to help Argentina refinance debt

The World Bank Group said on Thursday it is working on a guarantee of up to $2 billion to help refinance “a relevant portion of Argentina’s debt.”

Trump's energy leaders to hold call with CEOs on Iran war, source says

The heads of the U.S.

Airflow products maker Madison Air valued at $15.7 billion as shares rise on NYSE debut

Madison Air Solutions secured a valuation of $15.65 billion after its shares jumped 18.5% in their debut on Thursday, signaling solid

Stock market bulls see signs rally could endure after S&P 500 back at highs 

U.S. stocks have rebounded to record highs after the Iran war-driven selloff and there are signs under the market's surface that suggest the rally

US imposes sanctions on Nicaraguan officials linked to gold sector

The U.S.

US Senate narrowly overturns Minnesota mining ban, sending bill to Trump

The U.S.

S&P 500, Nasdaq edge up to new records with Middle East hopes in focus

The benchmark S&P 500 and the tech-heavy Nasdaq rose modestly to record closing highs for a second straight day on Thursday on optimism that the

Kennedy says US health agency has 72,000 staff, up from 62,000 after DOGE cuts

U.S. Secretary of Health and Human Services Robert F.

US law enforcement raids offices of Houston fuel trader Ikon Midstream

U.S. authorities have raided the offices of Ikon Midstream, a Houston fuel trader whose diesel

With US aid slashed, Nigerian HIV volunteers went door‑to‑door to keep patients alive

(Afrocab corrects total number of patients returned to treatment to 3,356 from around 1,000 in paragraph 17. Figure includes 1,095 patients aged under 24 years.)

Stocks hit record following Israel-Lebanon ceasefire, oil rallies

Global stocks rallied to a fresh record on Thursday as the announcement of a ceasefire between Israel and Lebanon boosted sentiment,

Trump admin presents new plan to slash two thirds of consumer watchdog workforce

President Donald Trump's administration has developed a fresh plan to slash the workforce at the U.S.

US business inventories unexpectedly fall in January

U.S. business inventories unexpectedly fell in January amid a large decline in stocks at wholesalers, suggesting inventory investment could weigh on economic growth in

REalloys, U.S. Critical Materials sign MoU to build domestic rare earth supply chain

Rare earths developers REalloys and U.S.

Huawei posts 2.2% growth in annual revenue

China's Huawei Technologies reported on Tuesday 2.2% growth in 2025 revenue, as its core businesses of infrastructure network and consumer

Russian oil tanker begins discharging cargo in Cuba's Matanzas terminal

A Russian-flagged tanker carrying some 700,000 barrels of crude docked in Cuba's Matanzas oil terminal on Tuesday, shipping data showed, marking

Investor Artisan Partners backs Unilever's plan to sell food unit 

Artisan Partners, which has a history of driving strategic change at consumer companies, welcomed Unilever's decision on Tuesday to merge its food business

US manufacturing sector grows in March; supplier delivery performance deteriorates

U.S. manufacturing activity picked up in March, though a measure of prices paid by factories for inputs jumped to the highest level in nearly four years and suppliers

Hospitals overwhelmed and communities destroyed: Lebanon reels from Israel’s unprecedented attacks

Hospitals overwhelmed and communities destroyed: Lebanon reels from Israel’s unprecedented attacks

Mega IPOs loom on Wall Street as Elon Musk's SpaceX confidentially files paperwork

Elon Musk's SpaceX has moved closer to going public with its confidential filing, a person familiar with the matter told Reuters on Wednesday, as the billionaire's rocket-and-

Shell in advanced talks with Venezuela for more gas areas, sources say

Shell is in advanced talks with Venezuela's government to develop four large areas near Trinidad and Tobago, in two of the South

Insider trading in prediction markets is among CFTC priorities, top cop says

The U.S.

Tesla Q1 deliveries seen rebounding nearly 10% from year-ago slump

Tesla's first-quarter deliveries are expected to climb nearly 10% from a year-earlier slump, when a major backlash against Elon Musk's far-right political rhetoric weighed heavily

US nicotine pouch fast-track scheme slowed by worries over youth, new users

Popular nicotine pouch products have yet to be cleared for sale in the United States despite a fast-track Food and Drug

E*Trade in talks to lead SpaceX IPO share sale to small investors in US, sources say

Morgan Stanley's E*Trade is in talks with SpaceX to take the lead in selling the rocket maker's shares to everyday U.S. investors in its

Christians in Lebanon's south fear expanding war will reach their towns

Thousands of Christians still living in a cluster of towns along Lebanon's southern border say they are trapped and terrified after an Israeli

McCormick bets on flavor in $65 billion Unilever tie-up amid shifting tastes

McCormick's merger with Unilever's food business to create a $65 billion sauce-and-spice giant is a bet that access to rising global demand for flavor-rich,

'They took everything away': Mom's SNAP benefits canceled after losing child support

'They took everything away': Mom's SNAP benefits canceled after losing child support

EU seeks lifting of Greek lawmakers' immunity over farm aid fraud

The European Chief Prosecutor on Wednesday asked Greece to lift the immunity of 11 lawmakers to allow an investigation into their role in a farm aid fraud scandal which has

US Gulf Coast tanker market tightens as Asia seeks to replace lost supply

Oil tanker availability along the U.S.

Intel to buy back Apollo stake in Ireland factory for $14.2 billion

Intel said it would spend $14.2 billion to buy back the 49% stake it had sold to Apollo Global Management in its Ireland manufacturing facility, taking full ownership of the plant

Cleveland Fed data shows war impacting headline inflation data

By Michael S.

'Long live the movies': Paramount's David Ellison makes big promises to theater owners at CinemaCon

Paramount Skydance CEO David Ellison has promised to release 30 movies a year between Paramount and Warner Bros

US farmers to plant less corn as Iran war spikes fertilizer prices

U.S. farmers plan to plant less corn and more soybeans in 2026 than last year, the U.S.

Tesla March car registrations soar in key European markets, showing changing trend

New registrations of Tesla cars tripled in France during March to just shy of a two-year-old record high, and more than

California, states seek $10.3 million for helping block Kroger-Albertsons merger  

California and a group of states are seeking $10.3 million in fees and costs for helping block the Kroger-Albertsons merger, a bid that would refill the state's

SpaceX will host analyst day on April 21, source says

Rocket company SpaceX will host an analyst day on April 21, and will offer analysts a visit to its "Macrohard" xAI datacenter in Memphis, Tennessee two

From filing to first trade: Inside the US IPO process

Elon Musk's SpaceX confidentially filed for what could be a record-breaking U.S. listing, a person familiar with the matter told Reuters on Wednesday, spotlighting

SpaceX's business and finances: rockets, satellite communications and budding AI

SpaceX is gearing up for a stock market debut that could value it at more than $1.75 trillion, as the Elon Musk-led company reaches for the stars in what could be the

The road to SpaceX's juggernaut IPO

Elon Musk's SpaceX has confidentially filed for its hotly anticipated U.S. initial public offering, a person familiar with the matter told Reuters on Wednesday, taking space

SpaceX seen as make-or-break test for mega IPOs

The global IPO market has needed a win for years and Elon Musk's SpaceX could be the breakthrough.

SpaceX IPO buzz lifts aerospace shares on spillover bets

Shares of aerospace companies jumped on Wednesday as mounting anticipation of a blockbuster IPO from Elon Musk's SpaceX stirred hopes that the industry could see a renewed wave of

Franklin Templeton to acquire CoinFund spinoff to expand crypto push

Investment manager Franklin Templeton said on Wednesday it had agreed to acquire cryptocurrency investment unit 250 Digital, spun out of venture firm CoinFund, as it steps up its

ChatGPT maker OpenAI shifts its focus to business users amid Anthropic pressure

OpenAI executives say they will introduce a new artificial intelligence model for “high-value professional work” as the company faces heightened competition with rival Anthropic in attracting corporate customers to adopt AI assistants in their workplaces

US financial advisors brace for growing array of risks in second quarter

Investment advisors say a buildup of problems is weighing on clients, who are entering the second quarter of the year struggling with

IEA, IMF and World Bank to coordinate response to Middle East war's impact

The heads of the International Energy Agency, International Monetary Fund, and World Bank on Wednesday said they will form a coordination group

SpaceX’s orbital data centers could face same hurdles as Microsoft’s abandoned undersea project

SpaceX on Wednesday filed for an IPO that Elon Musk says will bankroll an effort to turn the rocket maker into an AI powerhouse, launching up to 1 million

Fed's Musalem sees no imminent need to change monetary policy stance

St.

US mortgage rates jump to 6.57%, highest since August, MBA says

The interest rate on the most popular U.S. home loan jumped last week to its highest level since August, as rising oil prices fueled inflation fears and drove up

Unilever CEO Fernandez returns to his roots with health and beauty makeover

As a senior Unilever executive in Brazil some 15 years ago, Fernando Fernandez made a bold gamble on hair care and

Bank of England's Bailey says investors should not count on UK rate hikes

Bank of England Governor Andrew Bailey said on Wednesday that markets were still getting ahead of themselves by pricing in interest rate

Bank of Canada says it will rely on judgment more than usual for rate decisions

The Bank of Canada's governing council has agreed it will have to rely on its own judgment more than usual on rate decisions, given

US retail sales strong in February; rising gasoline prices will hurt spending

U.S. retail sales increased by the most in seven months in February as motor vehicle purchases rebounded and temperatures warmed up, but surging

Europe's STOXX 600 jumps over 2% on Middle East de-escalation hopes

European stocks extended their rally on Wednesday, with the STOXX 600 notching its biggest three-day advance in nearly a year after

Major cases involving Trump at the US Supreme Court

The U.S.

Automakers plan billions in US investments but seek clear trade rules

Global automakers plan billions of dollars in new U.S. investments to boost production and avoid President Donald Trump's tariffs, but

Trading Day: April fool of hope

Stocks rose on Wednesday and oil and the dollar fell on continued optimism that de-escalation in the Middle East is imminent. U.S.

SpaceX files for IPO, sources say, offering investors stake in Musk's space ambitions

Elon Musk's SpaceX has confidentially filed for a U.S. initial public offering, two people familiar with the matter told Reuters on

World shares rally, oil prices fall on war de-escalation hopes

Global stocks rallied and oil futures retreated on Wednesday on hopes of a de-escalation in the Iran war.

Microsoft, Chevron and Engine No. 1 sign exclusive deal for power supply

Microsoft, Chevron and investment fund Engine No. 1 have entered into an exclusivity agreement for power generation and supply, the three companies said on Tuesday.

US trade panel to probe Roku, Hisense streaming and display imports for patent violations

The U.S.

Oil slides after Trump says US will end its war on Iran soon

Oil prices settled lower on Wednesday after President Donald Trump said that the U.S. would end its war on Iran fairly soon.

Nike's turnaround put to test as Middle East conflict poses new risks

Nike's months-long turnaround under CEO Elliott Hill faces fresh pressure as the Middle East conflict adds to the sportswear maker's

Hasbro investigates cybersecurity incident, takes some systems offline

Toymaker Hasbro said on Wednesday it was investigating a cybersecurity incident after identifying unauthorized access to its network on March 28, with help from third-party

Venezuela's Rodriguez readies Citgo board takeover, sources say

Venezuelan interim President Delcy Rodriguez's administration is getting ready to take over the boards of state oil firm

Trump administration cannot alter homelessness funding conditions, US court rules

A federal appeals court on Wednesday refused to allow the Trump administration to impose new restrictions on billions of dollars in grant funding used to

Bahrain's Hormuz resolution runs into fresh obstacles at UN

Bahrain's effort to secure a U.N. resolution to authorise "all necessary means" to protect commercial shipping in and around the Strait of Hormuz

A New York vintner raids U.S. wine cellars to skirt Trump's tariffs

New York wine retailer Chris Leon has a novel strategy to avoid the steep tariffs that have been slapped on imported wines from

US Senate aims to pass Homeland Security bill Thursday to end shutdown, source says

The Republican-controlled U.S.

Related Digital nears $16 billion financing for Oracle data center, source says

Data center developer Related Digital is closing in on $16 billion of financing for an Oracle data center in Michigan, a source familiar with the matter said on Wednesday. 

Dollar falls against Swiss franc and euro as Middle East ceasefire hopes rise

The dollar fell against major currencies including the Swiss franc and euro for the second straight session on Wednesday amid growing signs of a possible

Colombia government rift with central bank clouds future rate decisions, analysts say

Colombia faces mounting uncertainty after the government's decision to withdraw from the central bank's board cast doubt on future decisions following a

Trump administration readies new tariffs on select drugmakers, Bloomberg News reports

The Trump administration is set to announce tariffs as soon as Thursday on drugmakers that have not struck deals guaranteeing low prices in the U.S., Bloomberg News reported on

Iran war knocks UK business confidence, survey shows

British business confidence has fallen as the Iran war exacerbates worries among employers about costs, according to a survey of accountants that chimed with similar

Wall Street ends higher on speculation about end to Iran war

Wall Street ended higher on Wednesday, with strong gains in Alphabet and other heavyweights, after U.S.

KKR caps redemptions at one of its private credit funds

KKR's non-traded business development company, KKR FS Income Trust, limited redemptions after requests for withdrawals surged, according to a letter to shareholders.

Two-thirds of Americans want quick end to Iran war even if goals unachieved, Reuters/Ipsos poll finds

Two-thirds of Americans believe that the U.S. should work to end its involvement in the Iran war quickly, even if that means not achieving the goals set out by the

Luxon appoints Penk to lead New Zealand defence in Wellington reshuffle

New Zealand Prime Minister Christopher Luxon on Thursday appointed Chris Penk as defence minister in a Cabinet reshuffle, handing a former naval officer responsibility

GM, Toyota report lower quarterly sales in US amid affordability concerns

Top automakers General Motors and Toyota reported lower first-quarter sales in the U.S. on Wednesday, as economic uncertainty, high borrowing costs

Lilly's weight-loss pill wins US approval, sets up next battle with rival Novo Nordisk

The U.S.

Taiwan military says budget delay threatens $2.4 billion in weapons buying, training

A delay in approving Taiwan's budget this year threatens T$78 billion ($2.44 billion) in weapons procurement, maintenance and training, a senior defence ministry official

Australia to offer businesses $693 million in cheap loans to ease fuel cost pressure

Australia will provide up to A$1 billion ($693 million) in interest-free loans to critical businesses, including transport operators and fertiliser producers,

Europe has 'maybe 6 weeks of jet fuel left,' energy agency head warns

The head of the International Energy Agency has warned that Europe has about six weeks of jet fuel left

Investor reactions to Trump's speech on Iran war

U.S.

Iran war puts Middle East Dubai oil benchmark under stress as prices soar

The halting of oil exports through the Strait of Hormuz has left the Dubai Middle East benchmark, the price used to

Vietnam's infrastructure push to boost growth and deficit, S&P Ratings says

Vietnam is forecast to remain Asia's fastest-growing nation after India through 2028, supported by exports and infrastructure investments, although heavy public spending may

Mexico's foreign minister leaves post for health reasons

Mexican Foreign Minister Juan Ramon de la Fuente will leave his post due to health reasons and be replaced by Roberto Velasco,

South Korea March inflation undershoots forecasts but risks skewed higher

South Korea's inflation picked up less than expected in March as the government capped fuel prices, but policymakers and economists warned that risks remain

Australian job vacancies rise 2.7% in February quarter

Job vacancies in Australia rebounded to their highest in more than a year in the February quarter, data showed on Thursday, led by gains in the construction, retail and

Auto industry group calls for scrapping US gas tax, adopting vehicle fee

The head of a group representing nearly all major automakers on Wednesday called for scrapping the U.S. government's 18.4-cent per gallon tax on gasoline and

Trump says US has plenty of jet fuel for Europe, market disagrees

President Donald Trump this week told countries struggling to get jet fuel due to Iran's blockade of the Strait of Hormuz to buy from the U.S., but

Bahamas heads for early election on May 12

Voters will head to the polls in the Bahamas for an early election on May 12, the prime minister said on Wednesday, as the Caribbean nation battles affordability

US Treasury to meet with insurance regulators to discuss private credit markets

The U.S.

AI is a gold mine for spammers and scammers, but Google is using it as a tool to fight back

Artificial intelligence is playing a big role in creating online spam and scams — but also in combatting it

Tracking the fate of the dollar a year on from 'Liberation Day'

A year on from U.S.

Myanmar parliament to hold vote to elect president on Friday, house speaker says

Myanmar's parliament will hold a bicameral vote to elect a president on Friday, house speaker Aung Lin Dwe said on Thursday, with the country's former military chief and junta

Prime-time disappointment

A look at the day ahead in European and global markets from Ankur Banerjee In a 19 minute prime-time address, U.S.

Trump touts gains against Iran but gives no timeline to end war

U.S.

Takeaways from Trump's speech on Iran

President Donald Trump staunchly defended his handling of the month-old U.S.-Israeli war on Iran in a prime-time address on

India central bank's fresh FX curbs trap banks in trades once seen low risk

Indian banks are set to face heightened uncertainty on Thursday after the central bank's curbs on corporate activity made it costlier for

US military will target Iran-linked ships worldwide, broadening scope beyond blockade

The U.S. military has widened its efforts beyond the blockade of Iran’s ports

Trump says Iran war's core objectives near completion

The United States will carry out aggressive strikes on Iran over the next two to three weeks and is

From international outcast to mediator in Iran war, Pakistan's remarkable makeover

A diplomatic outcast a year ago, Pakistan has become a trusted regional partner and a mediator between the U.S. and Iran to end the war in the Middle East, a

Indonesia earthquake damages buildings, but tsunami alerts have been lifted

A magnitude 7.6 earthquake struck in Indonesia's Northern Molucca Sea on Thursday, killing one person, damaging buildings and triggering tsunami waves, authorities and

Swiss inflation hits one-year high as fuel prices rise

Swiss inflation rose to its highest level in a year in March, government data showed on Thursday, albeit less than expected, as the country absorbed higher

India factory activity cooled in March with oil costs rising amid Middle East turmoil, PMI shows

India's manufacturing sector grew at its slowest pace in nearly four years in March as the war in the Middle East stoked uncertainty, disrupted supply chains and dented

China says it supports law-abiding transnational deals after reports of Meta deal review

The Chinese government supports companies with transnational operations and technology cooperation deals according to needs and the law, commerce ministry spokesperson He

BOJ may be overlooking real risk from Iran war, says ex-central bank official

Japan's economy may face supply shocks and slumping demand from the Iran war, a risk the central bank may be overlooking by focusing on inflationary

Light at last for Hong Kong's Central office market after 7-year slump

Hong Kong's Grade-A office market in the city's financial core is finally hitting a floor after nearly seven years of decline, buoyed by a roaring capital

US lifts sanctions on Venezuela acting president, opening door for assets control

The U.S. on Wednesday removed sanctions against Venezuelan interim President Delcy Rodriguez, according to the Treasury Department website, less than three months after

South Korea's Lee urges prompt passage of $17 billion extra budget amid Middle East energy crisis

South Korean President Lee Jae Myung on Thursday urged parliament to promptly pass a 26.2 trillion won ($17.3 billion) supplementary budget to shore up the economy amid "the

Global central banks mostly on hold as war muddies economic outlook

Major central banks pointed to uncertainty linked to the war in the Middle East as they largely kept interest rates steady in March,

Australia hits gambling advertising, advocates say not hard enough

Australia said it would ban gambling advertisements featuring celebrities and limit online gambling advertisements to internet users over

Automakers unveil new EVs for US market despite sales downturn

Major automakers unveiled new electric vehicles at the New York Auto Show on Wednesday, despite lagging consumer demand and a sharp

Australian growers shift to less fertiliser-intensive crops as Iran war costs surge

Australian farmers are expected to favour less nitrogen-intensive crops such as barley over wheat and canola in the upcoming season, as surging

Amazon eyes $9 billion Globalstar deal to rival SpaceX's Starlink, FT reports

Amazon is in talks to buy satellite telecom group Globalstar as it ramps up efforts to build its own low-earth-orbit satellite business to rival SpaceX's Starlink, the Financial

On birthright citizenship, Trump's restrictive immigration agenda hits a rare roadblock

President Donald Trump took the short trip from the White House to the U.S.

Tesla's China-made EV sales rise for second straight quarter

Tesla's China-made electric vehicle sales rose for a second consecutive quarter, holding up despite intensifying competition as the U.S. automaker broadened its focus

UK firms report biggest jump in price expectations in nearly two years, BoE survey shows

British companies expect to raise prices more quickly in the coming 12 months as they respond to a surge in energy prices due to the Iran war, cut jobs and

Fed's Williams says war is already driving up inflation pressures

By Michael S.

QVC prepares for bankruptcy protection in the era of influencers, TikTok and Temu

The owner of home shopping network pioneer QVC _ which for years garnered the attention of millions of TV viewers looking for a deal on baubles and housewares, is planning to file for Chapter 11 bankruptcy protection

Santa Cruz County groups plan straw bale tiny home village to address housing crisis

Santa Cruz County groups plan straw bale tiny home village to address housing crisis

White House offers no hint of Iran war cost as it seeks military funding surge

By Nolan D.

South Korea, Vietnam leaders to meet in Hanoi next week, sources say

Vietnam's president To Lam is set to meet his South Korean counterpart

Gucci-owner’s new strategy looks half dressed

(The author is a Reuters Breakingviews columnist. The opinions expressed are her own.)

Japan views private credit as a policy pillar despite overseas market turmoil

Japan's financial regulator sees private credit as a potential key pillar of its new strategy to meet rising corporate funding demand

Brazilian payments firm Ebanx makes Southeast Asia push

Brazilian cross-border payments company Ebanx said it is expanding global operations, with a focus on Southeast Asia, strengthening its footprint

IMF warns of Asia's vulnerability to war-induced energy shock

Asia is more vulnerable to an energy shock than other regions because of its heavy reliance on Middle East fuel, an International Monetary Fund

ECB yet to see big second-round inflation impacts from energy price surge, policymaker Kazaks says

The European Central Bank cannot take an April 30 interest rate hike off the table just yet, even if energy prices are not far from the baseline

Stellantis, Microsoft sign five-year partnership for AI push

Stellantis and Microsoft said on Thursday they agreed to a five‑year strategic partnership to co-develop artificial intelligence (AI), cybersecurity and engineering

Israel's El Al to buy up to 12 more Boeing 787s for $1.5 billion

El Al Israel Airlines said on Thursday it would buy up to 12 more 787 Dreamliner aircraft from Boeing in a deal worth $1.5 billion, taking advantage of

U.S. Bancorp profit jumps on interest income, fee revenue boost

U.S. Bancorp reported a 13.6% jump in first-quarter profit on Thursday, driven by higher interest income and fee revenue.

Boeing hiring more than 100 factory workers a week to boost output, replace retirees

Boeing is hiring around 100 to 140 factory workers a week, the highest pace since 2024, as the U.S. jetmaker replaces retirees and

US senators reassure Taiwan on weapons approvals in coming weeks

The United States will likely approve pending weapons sales to Taiwan in coming weeks, a bipartisan group of senators assured Taiwanese lawmakers in

Mercedes investors warn luxury focus could hamper China recovery

Investors pressed Mercedes-Benz on its recovery plans for China on Thursday, warning that a luxury-focused strategy could hurt the German

South Africa's Malema faces political crisis after jail sentence in firearm case

Julius Malema, a polarizing figure in South African politics, faces an uncertain political future after being sentenced to five years

Iran war exposes weakened state of Britain's armed forces

The Iran war has left Britain's armed forces exposed, heaping pressure on Prime Minister Keir Starmer to act on his promises to invest

European corporate earnings set for meagre growth, barring energy majors

European blue-chip companies are set to deliver meagre profit growth in the first quarter, the latest forecasts showed on Thursday, though energy majors are

Cuba's president says island does not wish for US aggression but ready to fight if needed

Cuban President Miguel Díaz-Canel says that while Cuba does not want military aggression from the United States, his country is prepared to fight should it happen

Russia looks for a way out of its sharpest economic contraction in three years

Russia's top officials have outlined numerous proposals to President Vladimir Putin on how to kick-start the war

IMF urges Japan to raise rates, keep fiscal stimulus targeted

Japan should gradually raise interest rates and keep any fiscal stimulus targeted given robust domestic demand and steady wage gains, a senior

ECB is good starting position to deal with inflation shock, Schnabel says

The European Central Bank entered the current inflation shock in a strong position as the bloc managed to resolve many of its economic and financial imbalances over

LIV Golf season continues as planned for now, but questions remain over funding future

LIV Golf season continues as planned for now, but questions remain over funding future

Wall Street indexes open higher as Mideast diplomacy hopes, earnings lift sentiment

Wall Street's main indexes opened higher on Thursday on rising hopes that the worst of the Middle East conflict had passed, while a wave of solid earnings allayed concerns about

US manufacturing output dips in March

U.S. factory production unexpectedly fell in March after two straight months of solid gains, weighed down by decreases in the output of motor vehicles and a range of

TPG invests $100 million in student mobility company Zum

Private equity firm TPG has made a $100 million investment in Zum, in a deal that values the student transportation company at around $1.7 billion

Starlink user growth accelerates as SpaceX eyes public market debut, report says

Starlink, the satellite internet unit of Elon Musk's SpaceX, is seeing a surge in global user growth and app downloads, market research firm Apptopia said in a report,

Charles Schwab posts record quarterly profit, set to launch spot crypto trading

Brokerage Charles Schwab on Thursday posted record first-quarter profit on the back of robust client growth and trading activity and said it would roll out spot crypto trading in

AmEx to buy Altman-backed Hyper in push for AI-powered expense tools

Credit card giant American Express said on Thursday it would buy Hyper, an artificial intelligence-focused expense management startup backed by OpenAI Chief Executive Sam Altman.

Spain calls for joint EU debt issuance to cut costs

Spanish Finance Minister Carlos Cuerpo called on Thursday for more joint EU debt issuance, arguing the lower cost of borrowing that would follow would save taxpayers'

German government halves 2026 growth forecast to 0.5% amid Iran war, source says

The German government has halved its growth forecast for 2026 and has also cut its growth prediction for 2027, while raising its inflation projections, a

IMF says Senegal loan talks positive, more deliberation on debt needed

The International Monetary Fund has held positive discussions with Senegal this week on a potential new loan program, but more time and analysis are needed to come up

Weak dividend tax revenue puts Lula’s plan to the test in Brazil

Brazil's new tax on dividends has raised only a fraction of the revenue expected this year, according to unpublished tax data reviewed by Reuters,

Gucci can no longer treat China like a 'trash bin', Kering CEO says

Kering's biggest brand Gucci must rebuild its position in China after years of complacency when it treated the market as a place for easy growth

US military: 'locked and loaded' to strike Iran's power plants, energy industry if ordered

The U.S. naval blockade of Iran is just an example of "polite" behavior during the ongoing ceasefire and U.S. forces are ready to strike

Meta to raise Quest VR headset prices in US on rising component costs

Meta Platforms said on Thursday it would increase the prices of its virtual reality headsets from April 19 in the United States due to rising costs of memory chips.

Calm judgment will prevail over haste at ECB, Rehn says

The European Central Bank still has a chance to look past the current inflation shock and calm judgment must prevail over haste, Finnish central bank chief Olli Rehn

Myseum takes flight after Allbirds in fresh AI rebrand wave 

A day after footwear maker Allbirds rose 582% on its plan to "pivot its business to AI compute infrastructure," social media firm Myseum was up 146% early on

US dollar gains on technical rally; US-Iran peace hopes cap safe-haven demand

The U.S. dollar climbed against major currencies on Thursday, retracing some of its recent losses on a technical recovery, as investors

Abbott trims 2026 profit forecast on Exact deal hit, shares fall

Abbott cut its annual profit forecast on Thursday due to an impact from its $23 billion acquisition of cancer test maker Exact Sciences,

CVS distribution center workers plan to go on strike

More than 500 CVS Health drivers and warehouse workers at the healthcare conglomerate's Fredericksburg, Virginia distribution center have voted to authorize a

Fed chair nominee Warsh's disclosures don't comply with Senate ethics rules, Senator Warren says

U.S.

US SEC seeks comment on contentious trading database

The U.S.

Leftist Sanchez vies with far-right former mayor for spot in Peru's runoff vote

Leftist congressman Roberto Sanchez and far-right former Lima Mayor Rafael Lopez Aliaga were neck-to-neck on Thursday in the race to face conservative Keiko

Oil prices rise on doubts US-Iran peace talks will ease Hormuz disruption

Oil prices rose on Thursday on skepticism that forthcoming peace talks between the U.S. and Iran would be able to resolve disruptions

US weekly jobless claims fall; manufacturing production retreats in March

New applications for U.S. unemployment benefits fell more than expected last week, suggesting labor market conditions remained stable, though

Schroders shareholders approve $13.4 billion sale to Nuveen

Schroders shareholders on Thursday approved a 9.9 billion pound ($13.4 billion) sale of the British asset manager to U.S. rival Nuveen, confirming the end of independence

Trump administration to lobby allies to support 'trade over aid' push, cable shows

President Donald Trump's administration has instructed U.S. diplomats worldwide to lobby countries to back a "trade over aid" declaration at the

ECB wary of premature hike at March meeting, accounts show

European Central Bank policymakers were wary of raising interest rates prematurely when they met last month amid growing fears of a new energy-driven surge in euro zone

Spring housing market stalls as war, high mortgage rates keep buyers sidelined

Spring housing market stalls as war, high mortgage rates keep buyers sidelined

Russian oil output cuts are unavoidable as drone attacks shrink exports, sources say

Russian oil output cuts are imminent because Ukraine's strikes on port infrastructure, pipelines and refineries have reduced export capability by 1 million barrels per day, or a

No Easter truce

By Mike Dolan April 2 - What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets Market hopes that President Trump might signal an immediate end to the Iran

Goldman Sachs completes Innovator Capital acquisition, lifting ETF assets to $90 billion

Goldman Sachs said on Thursday it has completed the acquisition of active exchange-traded fund provider Innovator Capital Management, expanding the Wall Street bank's presence in

At village pub in Orban's heartland, Hungary's vote plays out over pints

Sandor Toth has been running his pub in a small village in the hilly northeast of Hungary for 43 years, witnessing the

Serbian president invites parties for talks as anti-government protests continue

Serbia's President Aleksandar Vucic will begin talks on Friday as part of what he has billed as a way to lift the country out of a political crisis but which critics have

KKR raises $23 billion for North America private equity fund

Investment firm KKR said on Thursday it had raised $23 billion for its North America-focused private equity fund, the largest such fund the firm has devoted to the region.

US defense stocks see no Iran war lift after early surge

U.S. defense stocks have declined even as the Iran war drags on, indicating that the typical "buy-on-conflict" trade had

Logan sketches path to shrink size of Fed balance sheet

By Michael S.

Canada's February trade deficit surges to a six-month high on gold imports

Canada's merchandise trade deficit came in much wider than expected in February, data showed on Thursday, as a surge in gold purchases abroad pushed

Wall Street sees multi-billion dollar debut for Lilly's obesity pill despite Novo lead

Eli Lilly's newly approved weight-loss pill is expected to generate billions in sales as soon as this year, with analysts betting it will quickly narrow Novo

Russia's Primorsk oil terminal lost 40% of storage to drone attacks, satellite images show

Russia's Baltic Sea port of Primorsk, one of country's largest export gateways, lost at least 40% of its storage facilities in Ukrainian drone attacks last month, U.S. commercial

Russia will ask US and Israel to cease fire while it evacuates staff from Iranian nuclear plant, RIA reports

Russia will ask the United States and Israel to ensure a ceasefire while it evacuates more Russian staff from the Bushehr nuclear power plant in Iran, RIA news agency

McDonald's launches under $3 menu items and $4 breakfast deals in US

McDonald's said on Thursday it was introducing menu items priced at $3 or less and offering a $4 breakfast meal deal in the U.S., as restaurants aim to attract price-conscious

Wall St opens lower after Trump's comments dent Iran resolution hopes

Wall Street's main indexes opened lower on Thursday, in the last session of a holiday-truncated week, after President Donald Trump signaled more aggressive attacks on Iran,

US trade deficit widens in February as imports offset record exports

The U.S. trade deficit widened in February as a rebound in imports offset strong growth in exports, which increased to a record high, potentially keeping trade on track

BP names Carol Howle as deputy CEO, to oversee portfolio review, strategy

BP named Carol Howle as deputy chief executive on Thursday and said she would oversee the company's ongoing portfolio review and strategy development.

Senate Republicans send Trump resolution to lift mining ban near Boundary Waters Canoe Area

Congressional Republicans are sending President Donald Trump a resolution for his signature that would lift a federal ban on mining near Minnesota's Boundary Waters Canoe Area Wilderness

Ford first-quarter US auto sales fall as affordability concerns weigh on demand

Ford Motor reported a near 9% drop in first-quarter U.S. sales on Thursday, as persistent affordability pressures prompt consumers to rethink big-ticket purchases.

Rising fuel prices test Milei's free‑market gamble as South America feels oil shock

The global surge in fuel prices is exposing how unevenly South America is positioned to absorb the shock, with

US fixed 30-year mortgage rate rises to 6.46% amid Iran war

The average rate on the most popular home-loan rate rose to its highest since early September, as the Iran war pushes up oil prices and fans inflation fears, lifting

Rivian beats quarterly delivery estimates as EV demand stabilizes

Rivian Automotive exceeded analysts' expectations for first-quarter vehicle deliveries, indicating stabilized demand for its SUVs and R1T pickup trucks

US private credit faces potentially higher defaults as software exposure weighs

The U.S. private credit industry is staring at a period of higher borrower defaults, several brokerages warned, exposing cracks in what had become

Trump speech unleashes more pain on US consumers with $5 gasoline, record diesel in sight

U.S.

Central banks' inflation mood puzzle: more judgment than science

The world's central bankers may be attempting the impossible: to get into the psyche of business executives, labour

Trump's fresh Iran threats give investors a risk-off reality check

U.S.

Tariff-struck companies exploring loans backed by refund claims​

Some tariff-whiplashed companies are exploring using refund claims as collateral for loans, in the latest example of creative

Fuel tanker that rerouted from Cuba now discharging in Venezuela, data and source say

A fuel tanker that according to ship tracking services loaded a Russia-origin cargo originally bound for Cuba began discharging on Thursday at an independently-owned terminal in

Tesla deliveries mark weakest quarter in a year, inventory swells

Tesla kicked off 2026 with its weakest quarterly deliveries in a year, missing Wall Street expectations as fading U.S. incentives and intensifying global

Netflix searches for franchises after losing out on Harry Potter

After losing its bid for Warner Bros

Trump to sign order to pay tens of thousands of DHS employees

U.S.

US labor market remains stable; trade deficit widens in February

New applications for U.S. unemployment benefits unexpectedly fell last week amid low layoffs, suggesting labor market conditions remained calm in

Trump to reduce steel, aluminum tariff rates for derivative products, sources say

The Trump administration plans to reshape its steel and aluminum tariff regime, keeping a 50% tariff for commodity steel and aluminum imports while reducing

Australia's regulator says ASX favoured shareholder returns over system resilience

The Australian Securities Exchange has an 'insular and defensive' culture that prioritised delivering higher shareholder returns over ensuring critical market

FTSE 100 closes higher after Britain's move to hold talks on Strait of Hormuz

London's FTSE 100 stock index closed higher on Thursday after Britain said it would host talks on reopening the Strait of Hormuz.

European shares trim losses on hopes of reopening of Strait of Hormuz

Europe's main stock index trimmed losses on renewed hopes of a reopening of the crucial Strait of Hormuz, even as U.S.

China calls for promoting Middle East ceasefire in talks with EU, Germany

China on Thursday repeated calls for a ceasefire in the Middle East and safe passage through the Strait of Hormuz in conversations with Western counterparts, widening its

Britain says 40 countries discuss reopening Strait of Hormuz after Iran blockade

About 40 countries on Thursday discussed joint action to reopen the Strait of Hormuz and stop Iran holding "the global

ECB's Villeroy says it is too soon to say when rates could rise

The European Central Bank's next interest rate move will very likely be an increase although it is still too early to say when it will start hiking, ECB policymaker Francois

Bank of America's $72.5 million settlement with Epstein accusers wins preliminary approval

A U.S. judge granted preliminary approval on Thursday to Bank of America's $72.5 million settlement with women who accused the bank of facilitating their

Hedge funds hammered by market turbulence triggered by Iran conflict 

Global hedge funds last month faced their worst monthly drawdowns in more than four years, according to several top Wall Street

Expelled from camp, Palestinian refugees now face Iranian rockets

The sight and sound of Iranian rockets arcing overhead have become near-daily for the Palestinian Ghanem family, expelled by the Israeli military

Amazon must negotiate with Staten Island warehouse workers, NLRB says

Amazon must negotiate with a labor union representing some 5,000 workers at a company warehouse on Staten Island, the National Labor Relations

Trump cuts US duty rates on steel, aluminum and copper derivative products

U.S.

SpaceX has held talks with Saudi fund for possible $5 billion investment in IPO, sources say

Billionaire Elon Musk’s SpaceX has had discussions with Saudi Arabia’s Public Investment Fund about PIF potentially taking an anchor stake

Starbucks expands weekly pay, adds more tips and bonuses for US baristas

Starbucks will move to weekly pay for all U.S. store workers and roll out a program that adds bonuses and expands tips, it said on Thursday, as concerns persist over its stalled

Coinbase gets conditional US approval for trust charter

Coinbase Global has received conditional approval from banking regulators for a national trust company charter, it said on Thursday, a move that could boost the top U.S.

Near-term oil prices hit record premium over later deliveries after Trump vows more attacks on Iran

U.S. crude oil futures for immediate delivery next month hit their largest-ever premium over the second-month contract on

Cubans take to bikes and electric tricycles to protest US sanctions

Cuban activists paraded on Thursday on bikes and electric tricycles along Havana's waterfront Malecon boulevard, accompanied by Cuban President Miguel Diaz

Dollar rises against peers on renewed concerns about Middle East conflict

The dollar rose sharply from two straight sessions of losses on Thursday after U.S.

Private credit jitters trigger caps on redemptions, tighter lending

Private credit market jitters have spilled onto Wall Street, with several funds capping withdrawals and some major U.S. banks tightening

Fed's Logan says US oil producers unlikely to provide near-term relief for consumers

By Michael S.

J.P. Morgan warns oil could top $150 if disruptions persist into mid‑May

Oil prices could spike to $120-$130 per barrel in the near term, with a risk of surging above $150 if supply flows through the Strait of Hormuz remain disrupted into mid-May, J.P.

Golden Dome, ships and missiles top Trump's $1.5 trillion fiscal 2027 defense wish list

U.S.

Regeneron says it expects to avoid new US pharma tariffs

Drugmaker Regeneron said on Thursday it expects to be excluded from a list of pharmaceutical companies that could face new tariffs from the U.S. government.

Fate of DHS funding uncertain as US Congress Republicans decide next steps

Federal funding for the U.S.

Blue Owl limits withdrawals from two funds after historic surge in redemption requests

Blue Owl told investors Thursday that it is limiting withdrawals from two of its funds after a historic level of redemption requests came in for the first

Broadcom taps Alphabet executive Amie Thuener as next CFO

U.S. chip designer Broadcom on Thursday named Alphabet executive Amie Thuener as its next finance chief, effective June 12, when incumbent Kirsten Spears retires.

Energy-price surge will work through economy slowly, Fed's Williams tells Fox Business

By Michael S.

China's detentions of Panama-flagged vessels raise concerns, Rubio says

Detentions of Panama-flagged vessels by China that followed a Panamanian court ruling raise serious concerns about efforts to

Starbucks closes China deal with Boyu, plans to expand stores

Starbucks has closed its deal with Boyu Capital to sell control of its China operations, the Seattle-based coffee company announced Thursday. 

Oil prices soar, and stocks end mixed in volatile trade

Oil prices surged on Thursday and equities markets around the world were mixed in volatile trade as traders weighed conflicting

Drugmakers face 100% tariff unless they cut prices or produce drugs in US

President Donald Trump signed an executive order on Thursday imposing 100% tariffs on branded pharmaceuticals imported into the U.S. unless

SpaceX targets more than $2 trillion valuation in IPO, Bloomberg News reports

Elon Musk's SpaceX boosted its target IPO valuation above $2 trillion, Bloomberg News reported on Thursday, citing people familiar with the matter, setting the stage for what could

Vendors stunned after Painted Tree Boutiques abruptly shut down across North Texas

Vendors stunned after Painted Tree Boutiques abruptly shut down across North Texas

China services activity growth cools in March, private PMI shows

Growth in China's services activity slowed in March from February's 33-month high, as softer demand and a decline in overseas orders weighed

Japan's services growth slows as Middle East war dents confidence, PMI shows

Japan's services sector grew at its weakest pace in three months in March, a private survey showed on Friday, as rising uncertainty over the Middle East war crushed business

A year after 'Liberation Day,' Trump sets new drug tariffs, adjusts metals duties

U.S.

World anxious to open Hormuz Strait while Trump and Iran trade threats

Dozens of countries sought ways to restart vital energy shipments through the Strait of Hormuz on Thursday after U.S.

US crude jumps more than 11%, Brent nearly 8% after Trump vows more attacks on Iran

U.S. oil prices settled more than 11% higher and Brent soared nearly 8% on Thursday in volatile

Brazil's Braskem boosted by petrochemical prices, but debt problem looms

Rising petrochemical prices have buoyed the long-term prospects for Brazil's Braskem, even as the company is racing against the clock to deal with

Wall Street ends mixed as worries linger before Good Friday break

U.S. stocks ended slightly mixed on Thursday after paring deeper losses, as diplomatic signals from the Middle East helped calm markets rattled

Global pharma companies that have publicly announced Trump drug pricing agreements

U.S.

Brazil's Embraer posts 47% increase in first-quarter deliveries

Brazilian planemaker Embraer delivered 44 aircraft in the first quarter, up 47% from the same period last year, it said in a securities filing on Thursday.

Oil giants show early interest in US Gulf deepwater field stake, sources say

European energy majors TotalEnergies and Shell are among companies eyeing a majority stake in one of the U.S.

Australians cancel Easter travel as worries mount over fuel crisis

Every Easter, Sydney retiree Elsa Ucak is one of the millions of Australians

Medvedev says Russia should drop its 'tolerant attitude' towards Ukraine's EU drive

Dmitry Medvedev, deputy chairman of Russia's powerful Security Council, said on Friday that Moscow should drop its "tolerant attitude" towards Ukraine's possible EU

Hyundai Motor flags export disruptions as Middle East conflict hits shipping

Hyundai Motor said on Friday that exports to Europe and North Africa, which typically transit through the Middle East, were being disrupted

BOJ keeps rate‑hike door open even as Iran war squeezes firms

The Bank of Japan will keep raising interest rates if its economic forecasts hold, a senior central bank official said, reinforcing a tightening bias even as

Russia's services sector contracts for first time in six months, PMI shows

Russia's services sector contracted in March for the first time in six months as demand softened and new orders broadly stalled, a business survey showed on Friday.

Planning commission approves Trump's White House ballroom project

U.S.

UAE non-oil private sector growth slows to near four-year low in March, PMI shows

The United Arab Emirates' non-oil private sector activity expanded at its weakest pace in nearly four years in March as the Middle East conflict hit demand and disrupted supply

US employment growth likely rebounded in March, war casting shadow over labor market

U.S. job growth likely rebounded in March as a strike by healthcare workers ended and temperatures warmed up, but downside risks to the labor market

Microsoft to invest $10 billion in Japan for AI and cyber defence expansion

Microsoft on Friday said it will invest 1.6 trillion yen ($10 billion) in Japan between 2026 and 2029 to expand artificial intelligence infrastructure and strengthen

Inspection finds 49 violations of detention standards at largest US migrant detention camp

An inspection found 49 violations of detention standards at the largest U.S. migrant detention camp, located in El Paso, Texas, which has faced

Trump threatens to strike Iran's bridges and electric power plants

U.S.

Moscow shoppers and travellers hit by payment system problem

A problem with payment systems sowed chaos on Friday for some Russian shoppers, forcing the turnstiles on the Moscow metro to allow people to enter without payment and even

No Strait talking here

It's disappointment once again for financial markets after U.S. President Donald Trump dashed hopes for a swift end to the Iran war.

North American farmers pinch pennies on farm machinery as profitless growing season approaches

Farm machinery salespeople are wrapping up a dismal season of farm shows across North America as farmers gear up for spring planting without much

Forget democracy, Burkina Faso military leader Traore says

Burkina Faso's military leader, who seized power in a coup in September 2022, told journalists that "people need to forget about democracy" and that "

US upends global supply program for malaria and HIV amid warnings of gaps 

The U.S. is upending the way it delivers medical supplies for diseases such as HIV and malaria to lower-income countries,

US jobs report for March is stronger than expected, likely keeping Fed on sidelines

U.S. nonfarm payrolls expanded more than Wall Street anticipated last month and the jobless rate fell to 4.3%, bolstering expectations that the Federal Reserve will hold

Trump administration proposes expanding Chinese tech gear crackdown

The Federal Communications Commission on Friday proposed to ban the import of Chinese equipment from a group of manufacturers after previously

Vance to focus fraud efforts on Democratic states, Trump says

President Donald Trump on Friday said Vice President JD Vance will focus on investigating fraud in Democratic-run states in his new role as "fraud czar."

United Airlines to introduce tiered fare categories for premium cabins

United Airlines said on Friday that it plans to introduce a new tiered fare structure in premium cabins starting this year.

Zelenskiy urges lawmakers to act as Ukraine funding hangs in balance

President Volodymyr Zelenskiy called on lawmakers to pass key legislation next week to avert a funding crisis, help Ukraine fight the war against Russia, and

India's 'Mounjaro brides': weight-loss injections become part of pre-wedding preparation

Soon-to-be brides and grooms seeking shortcuts to shed pounds before the big day have become the latest consumer target for weight-loss drugs in

World food price rise set to continue if Iran war lasts, FAO says

World food prices climbed in March to their highest level since September last year and could rise further if the Middle East conflict that pushed

French-owned CMA CGM container ship passes Strait of Hormuz, data shows

A container ship belonging to French shipping group CMA CGM has passed through the Strait of Hormuz, MarineTraffic vessel tracking

Trump says US can take Strait of Hormuz with more time

President Donald Trump on Friday said the U.S. can open the Strait of Hormuz with a little more time, as pressure mounts for his administration to find a quick resolution to a war

Dem senators query gov't watchdogs over well-timed Wall Street bets

Two Democratic U.S. senators on Thursday called on Wall Street's top regulator and a Defense Department watchdog to prevent and investigate possible insider trading by

US Interior Department to reduce staff through deferred resignation, early retirement

The U.S. Department of the Interior will offer employees new opportunities to leave the agency as part of a plan to improve efficiency, it said in a statement on Thursday.

Senators urge Trump to bar Chinese automakers from building cars in US

Three Democratic senators on Friday urged President Donald Trump to bar Chinese automakers from building vehicles in the United States and to

Congo in talks with US over third-country deportations, sources say

Democratic Republic of Congo is in talks with the Trump administration about receiving deportees from other

Musk asks SpaceX IPO banks to buy Grok AI subscriptions, NYT reports

Elon Musk is requiring banks and other advisers working on SpaceX’s planned IPO to buy subscriptions to Grok, his artificial intelligence chatbot, the New York Times reported on

US judge upholds block on subpoenas to Fed's Powell, teeing up likely appeal

A U.S. judge on Friday stood by his prior decision to block subpoenas issued in a criminal investigation into Federal Reserve Chair

US labor market posts largest jobs gain in 15 months, but clouds brewing from Iran war

U.S. job growth rebounded more than expected in March as a strike by healthcare workers ended and temperatures warmed up, but downside risks for the

Highs and lows from the US jobs report

U.S. employment growth snapped back in March after a hefty decline in February, and the jobless rate declined unexpectedly to 4.3%, but economists found the headline

SpaceX delays next Starship test launch by a month, Musk says

SpaceX CEO Elon Musk said on Friday that the company's next Starship test flight will take place in May and not April as originally scheduled.

Japan turns up FX heat as volatility rises, signals readiness to act

Japanese Finance Minister Satsuki Katayama on Friday put currency traders on notice, saying the government stands ready to act against

Italy's Meloni visits Saudi Arabia, Qatar and UAE amid Gulf tensions, energy worries

Italian Prime Minister Giorgia Meloni flew to Saudi Arabia on Friday for a previously unannounced trip that will also include meetings in

LIV Golf leader says the show will go on amid reports of Saudi funding uncertainty

The CEO of LIV Golf is seeking to quell speculation about the Saudi-funded league's financial status by saying the rest of the season will go on interrupted

Japanese, French and Omani vessels cross the Strait of Hormuz

Three Omani-operated tankers, a French-owned container ship and a Japanese-owned gas carrier have crossed the Strait of Hormuz

Consumer megadeals make a rare comeback in the first quarter

Two blockbuster mergers involving U.S. food companies, struck within 24 hours, gatecrashed the ranks of the biggest global transactions of the

Stronger, broader hiring could ease Fed job market worries

Hiring that strengthened and broadened in March will likely cement the U.S.

Italy's central bank cuts growth forecasts, lifts inflation estimates in blow to PM Meloni

The Italian economy will grow by 0.6% this year and 0.5% in 2027, the country's central bank said in a report on Friday, cutting its previous estimates

IMF urges BOJ to keep raising rates even as Iran war poses new risks

The International Monetary Fund urged the Bank of Japan to continue raising interest rates, even as the Middle East war posed "significant new risks" to the

Telegram's Durov says Russia triggered payment system problem by blocking VPNs

Telegram founder Pavel Durov said on Saturday Russia's attempt to block Virtual Private Networks triggered a problem with a domestic payment system, adding that tens of

Vietnam Q1 growth slows as costlier Middle East energy tests 2026 target

Vietnam's economy slowed in the first quarter from the three months prior, data showed on Saturday, as heavy exposure to Middle Eastern oil

Stick to Easter travel, Australians told, though hundreds of petrol stations dry

Australians were urged to maintain their travel plans for Easter weekend although hundreds of petrol stations, mostly in rural areas, were without power on Saturday, as the Iran

Trump issues executive order to bolster college sports rules

U.S.

Lucid misses first-quarter vehicle delivery estimates on supplier disruptions

Lucid Group missed expectations for first-quarter vehicle deliveries on Friday, hurt by a temporary sales halt and recall tied to an unauthorized supplier change.

White House says Trump orders back pay from shutdown to all homeland security employees

U.S.

UN Hormuz vote now expected next week; China opposes authorization of force

The U.N.

US intelligence warns Iran unlikely to ease Hormuz Strait chokehold soon, sources say

Recent U.S. intelligence reports warn that Iran is unlikely to open the Strait of Hormuz any time soon because its grip

Trump proposes to begin privatizing TSA screening operations

President Donald Trump on Friday proposed to begin privatizing airport security operations handled by the Transportation Security Administration, in an effort to save

Cambodian parliament passes landmark cybercrime law after scam centre scrutiny

Cambodia's parliament on Friday passed the first law dedicated to targeting scam centres accused of bilking international victims out of billions of

Russian oil terminals under attack unable to accept shipments for second week, sources say

Russia's Baltic oil export hubs at Ust-Luga and Primorsk remain unable to handle shipments after a series of Ukrainian drone attacks, prompting the country's refineries to find

Five EU countries call for windfall tax on energy companies

Five European Union countries are calling for a windfall tax on energy companies' profits in reaction to rising fuel prices due to the Iran war, according

Slovak PM says EU should drop sanctions on Russian oil and gas to boost energy security

The European Union should end sanctions on Russian oil and gas imports, take steps to restore Druzhba oil pipeline flows and end the war in Ukraine to tackle the energy

ISS recommends vote against BP board's move to scrap some climate reporting

Influential proxy adviser Institutional Shareholder Services (ISS) has recommended a vote against the BP board's move to revoke some previous company-

Taiwan says it has assurances over LNG supplies from 'major' country

Taiwan has received supply assurances from the energy minister of a "major" liquefied natural gas-producing country, the island's economy minister said on Saturday,

India makes first Iranian oil buy in seven years with no payment problems

Indian refiners have purchased Iranian oil amid the Middle East conflict that has disrupted supplies through the Strait of Hormuz, the oil ministry said on Saturday.

Inflation in focus for markets jostled by Middle East war signals

A fresh read on inflation and initial company results next week could start to show the Middle East war's effects on the U.S. economy and corporate

Turkish policymakers defend steps; investors see rate hike possible

Turkey's central bank chief and finance minister have told investors they are confident in the steps taken to address the fallout from the

Congo says it will receive third-country deportees under new deal with US

Democratic Republic of Congo will receive third-country nationals deported from the United States under a new deal with the Trump administration, the government in

Foxconn first-quarter revenue jumps, company cautions on geopolitics

Taiwan's Foxconn, the world's largest contract electronics maker, reported a 29.7% on-year rise in first-quarter revenue on strong demand for artificial intelligence

High-stakes US special forces mission rescues airman from Iran after F-15 crash

U.S. forces staged the audacious rescue of an airman behind enemy lines after

Saudi Arabia's non-oil business activity shrinks in March amid conflict, PMI shows

Saudi Arabia's non-oil private sector activity contracted in March for the first time since August 2020, as the war in the Middle East snarled up supply chains, a business survey

War weighs on Egypt's private sector as PMI hits near two-year low in March

Egypt's non-oil private sector deteriorated at its sharpest pace in almost two years in March, as the Middle East war drove up costs and dampened client demand, a closely watched

South Korea asks Gulf nations for steady energy supply, safety of Korean vessels

South Korean Finance Minister Koo Yun-cheol met with envoys from Gulf countries to shore up energy security and the safety of Korean vessels near the Strait of Hormuz, the

Trump, Israel pressure Iran ahead of deadline as hunt goes on for missing US crew member

U.S.

Paramount in talks for Gulf backing in Warner takeover, WSJ reports

Paramount Skydance is in talks to secure signed equity commitments of almost $24 billion from three sovereign wealth funds led by Saudi Arabia to help back its takeover of Warner

Trump's trade war with China in focus ahead of May summit

U.S.

Trump proposes "historic" defense spending budget, eyes 10% cut to other federal programs

President Donald Trump on Friday requested a 10% cut in non-

Samsung Elec likely to report stupendous surge in quarterly profit to record level

Samsung Electronics, benefiting from red-hot chip prices stoked by the AI boom, is expected to book a six-fold jump in operating profit for January-March - a

Russian Baltic port resumes crude loading after attacks, Bloomberg News reports

Russia's key Baltic port of Ust-Luga resumed crude loading after days of disruptions amid multiple Ukrainian drone attacks in the region, Bloomberg News reported on Sunday.

Trump, on Easter, threatens 'hell' on Iran's infrastructure if Strait remains blocked

U.S.

Soccer-Ex-player Cuellar backs Mexico to break 'fifth-game' curse, warns of immigration hurdles

Former international Leonardo Cuellar, who wore Mexico's green jersey at the 1978 World Cup, says this is the year

Trump gives Iran until Tuesday night to open Strait of Hormuz, WSJ reports

U.S.

PepsiCo's sales jump after it cuts prices

PepsiCo’s price cuts and some new products improved demand for its snacks in the first quarter

Global equity funds draw second weekly inflow amid war de-escalation hopes

Investors bought global equity funds worth a net $15.02 billion in the March 26-April 1 period, logging a second straight week of inflows, on hopes that the U.S.-Israeli war with

North Korea distancing itself from Iran to leave door open for US talks, Seoul says

North Korea appears to be distancing itself from longtime partner Iran and carefully managing its public messaging to preserve the possibility of a new relationship with the

Ukraine, Syria agree to cooperate on security, Zelenskiy says

Ukraine and Syria pledged greater security cooperation in talks on Sunday, President Volodymyr Zelenskiy said as Kyiv seeks to promote its military expertise across the region

BOJ warns of economic hit from Middle East conflict

The Bank of Japan said surging oil costs and supply disruptions brought about by the Middle East conflict could hurt the economy, signalling caution over

Iran, U.S. receive plan to end hostilities, immediate ceasefire; source says

Iran and the United States have received a plan to end hostilities that could come into effect on Monday and reopen the Strait of Hormuz, a source aware of the proposals said on

UAE says the use of Hormuz must be guaranteed in any US-Iran deal

UAE official Anwar Gargash said any settlement of the U.S.-Iran war must guarantee access through the Strait of Hormuz, warning that a

India seen holding rates as 'Goldilocks' phase gives way to stress

India’s central bank is expected to keep interest rates on hold on Wednesday as policymakers assess the fallout from the war in Iran, which threatens the

India's services growth slows to 14-month low as Middle East war hits demand, PMI shows

India's services sector grew at its weakest pace in 14 months in March as the Middle East war dampened domestic demand, a survey showed on Monday, though overseas orders

South Korea's Lee says country must balance risk as Hormuz disruptions threaten oil supplies

South Korea must accept a degree of risk in importing crude oil from the Middle East amid blockages of the Strait of Hormuz, President Lee Jae Myung said on Monday.

Younger Hungarian voters spurn Orban, some say they will leave if he is re-elected

As Hungary heads towards a pivotal election, voters who came of age under Prime Minister Viktor Orban

US equity funds see a second successive weekly inflow

U.S. equity funds witnessed substantial inflows in the seven days to April 1 as worries over the Middle East war eased temporarily after President Donald Trump indicated that the

Kremlin says the whole Middle East is 'on fire'

The Kremlin on Monday said that the Iran war was escalating in both geography and economic impact, and that the whole Middle East region was "on fire" due to the U.S. and

Private credit sector stresses could be catastrophic, but not just yet

Some investors think private credit is a tempest in a teapot. Others think it is about to spark a new financial crisis.

Wells Fargo no longer expects Fed rate cuts in 2026 as Iran war drags on

Wells Fargo Investment Institute said on Monday it no longer expects the U.S.

Brazil's Azul appoints ex-Embraer CFO Garcia in finance reshuffle

Brazilian airline Azul said on Monday that Chief Financial Officer Alex Malfitani will step down on April 20, with Embraer's Antonio Carlos Garcia set to assume the role

Striking JBS workers to return to Colorado plant on promise of talks

Workers of the world's largest meat company, JBS, agreed to return to work at a beef plant in Greely,

Neurocrine expands into metabolic diseases with $2.9 billion Soleno buyout

Neurocrine Biosciences will acquire rare-disease drugmaker Soleno Therapeutics for $2.9 billion in cash, the companies said on Monday, marking the neuroscience-

Canada's services economy shrinks as war delays client decision-making

Canada's services economy contracted for a fifth straight month in March as uncertainty related to the war in the Middle East contributed to a decline in new business and after

Goldman Sachs' private credit fund defies sector-wide spike in redemptions

Goldman Sachs' private credit fund disclosed on Monday that investors sought to repurchase just under 5% of shares in the first quarter, setting it

S&P 500, Nasdaq open higher as investors weigh Mideast resolution hopes

The S&P 500 and the Nasdaq opened higher on Monday after the indexes marked their biggest weekly jump in four months in the last session, while investors assessed prospects of an

UPS, Teamsters reach settlement that caps driver severance offers

United Parcel Service said on Sunday that it had reached an agreement with the International Brotherhood of Teamsters to cap severance offers at 7,500 drivers after a dispute over

Pope Leo XIV delivers stark words in Cameroon

Pope Leo has strong words for "those who manipulate religion... for their own military, economic and political gain."

Russian grain ship believed sunk in Ukrainian drone attack is found and towed to shore, TASS says

MOSCOW, April 6 - A Russian ship carrying wheat that was believed to have sunk in the Sea of Azov after a Ukrainian drone attack has been found and towed to shore, while the death toll from the attack

Iran rejects ceasefire in response to proposals and emphasises need for permanent end to war, IRNA says

Iran has conveyed its response to the U.S. proposal for ending the war to Pakistan, rejecting a ceasefire and emphasizing the necessity of a permanent end to the war, the

BlackRock files for Nasdaq-100 fund, expanding competition with Invesco

BlackRock has filed for an exchange-traded fund that will track the Nasdaq-100, in a challenge to Invesco's dominance in a market where only a handful of funds directly follow the

Larry Gies' Madison Air targets $13.2 billion valuation in US IPO

Ventilation and filtration systems provider Madison Air Solutions said on Monday it was targeting a valuation of up to $13.2 billion in its U.S. initial

NY Fed says March supply chain pressures highest since start of 2023

Supply chain pressures heated up in March to levels last seen at the start of 2023, data released by the Federal Reserve Bank of New York said on Monday.

Car site Edmunds tests a Chinese SUV, says it should worry US automakers

Popular car-shopping website Edmunds put a Chinese vehicle through a series of

Hormuz closure divides the fortunes of Middle Eastern oil states

The Strait of Hormuz's closure and the resulting surge in global oil prices have handed financial windfalls to Iran, Oman and Saudi Arabia,

White House says increased productivity means Fed can cut rates

White House economic adviser Kevin Hassett told CNBC on Monday that he believes a "supply shock" in the U.S. economy caused by capital spending and higher productivity from

As renaissance fairs become big business, can they retain their counterculture roots?

To what extent has the line between playful community space and commercial spectacle been blurred?

US service sector cools in March, inflation heating up amid Iran war

U.S. services sector growth slowed in March, while prices paid by businesses for inputs increased by the most in more than 13 years, an early

Oracle hires Schneider Electric's Maxson as CFO amid AI spending boom

Oracle on Monday named Hilary Maxson as its chief financial officer, tapping an executive with deep experience in infrastructure and energy as it ramps up

Latam currencies gain as markets balance Iran escalation and ceasefire chances

Most Latin American currencies advanced on Monday, while stocks were mixed after reports of progress on a ceasefire between the U.S. and Iran helped revive risk

National Healthcare Properties moves closer to public markets with US IPO filing

National Healthcare Properties made public its paperwork for a U.S. initial public offering on Monday, the latest real estate investment trust looking to tap public markets this

ECB's Stournaras says euro zone monetary policy will depend on size of energy disruption

European Central Bank policymaker Yannis Stournaras said on Monday that the appropriate euro zone monetary policy will depend on the size and nature of energy supply

Fed's Goolsbee, Hammack say inflation is flashing 'orange,' or worse

Cleveland Federal Reserve President Beth Hammack and Chicago Fed President Austan Goolsbee both see inflation as a far bigger problem than employment, underscoring

Investors press Amazon, Microsoft and Google on water, power use in US data centers

Ukraine missile maker targets 'game changer' air defence system by 2027

Fire Point, maker of Ukraine's Flamingo cruise missile, is in talks with European companies to launch a new air defence system by next year, a senior

Nvidia acquisition of SchedMD sparks worry among AI specialists about software access

By Max A.

Venezuela's government, opposition may cooperate to safeguard US assets

Venezuela's government and its political opposition are seeking to coordinate their legal defense of the oil-rich country's United States assets, after

Oil rises in choppy trade; US, Iran rhetoric heats up

Oil prices climbed in choppy trade on Monday, as the U.S. and Iran ratcheted up their rhetoric even as the two countries are engaging in indirect talks that could lead to

US ends probe into Tesla remote driving feature after software updates

The U.S.

US-Iran talks continuing, but strikes on Saudi Arabia may derail effort, say sources

Talks between the United States and Iran were at risk of being derailed following Tehran's attacks on Saudi Arabian industrial

The Dodgers shattered MLB's spending record at $515 million in 2025, 7 times the lowest payroll

The Dodgers shattered Major League Baseball’s spending record with a combined $515 million in payroll and luxury tax last year en route to their second straight World Series title, according to final figures compiled by the commissioner’s office, and Los Angeles is projected for the highest total again in 2026

US jobless claims fall last week as layoffs remain low despite global economic uncertainty

U.S. applications for unemployment benefits fell last week, remaining in the range of the past few years even as the war in Iran continues to threaten the global economy

NY jury finds Live Nation illegally monopolized ticketing markets, Bloomberg News reports

Live Nation illegally monopolized ticketing markets, a New York federal jury found Wednesday, Bloomberg News reported.

US warns that buyers of Iranian oil could be hit with sanctions 

The United States on Wednesday threatened to sanction buyers of Iranian oil and said it believed China would pause such

IMF says Bank of Japan can see through inflationary shock from Iran war

The Bank of Japan can see through inflationary pressures from the war in the Middle East as any second-round effects on broader prices will be limited,

Norway's sovereign wealth fund has no plans to reduce US assets, finance minister tells FT

Norway's $2.1 trillion sovereign wealth fund, the world's ​largest, does not intend to shed U.S. assets despite concerns over the Middle East war and mounting U.S. debt, Finance

HVAC firm Madison Air raises $2.2 billion in US IPO

Indoor air systems provider Madison Air Solutions said on Wednesday it had raised $2.23 billion in the biggest U.S. initial public offering so far this year.

British carmakers seek clarity on 'Made in EU' rule as trade risks grow

The UK's automotive industry group SMMT said on Thursday carmakers need clarity now on whether Britain will count as 'Made in EU' in the European

Mark Mobius, 'Indiana Jones of emerging markets,' dies at 89

Mark Mobius, widely credited as a pioneer in emerging markets investing, died on Wednesday at the age of 89, according to a statement on his

Foreigners boost US Treasury holdings to record highs in February

Foreign holdings of Treasuries climbed to a record high in February, data showed on Wednesday, rising for a second month in a sign of strong

Brazil to count 39% of court-ordered debt inside 2027 fiscal target

Brazil's government will count 39.4% of court-ordered debt payments due in 2027 within its fiscal target, budget guidelines submitted to Congress on Wednesday showed,

Ukraine official expects US-Ukrainian investment fund to approve second project in summer

Ukraine's deputy economy minister said on Wednesday he expects the Ukraine-U.S. joint reconstruction fund to approve a second investment project, likely in the energy

Aerospace parts maker Arxis raises $1.13 billion in US IPO

Aerospace parts maker Arxis said on Wednesday it raised $1.13 billion in its U.S. initial public offering after pricing shares at $28 each.

Australia's jobless rate stays low in March but Iran war risks loom

Australian employment rose broadly in line with expectations in March, while the jobless rate stayed low, but a war-driven global energy shock could test the labour

China's Q1 GDP grows 5.0% y/y, tops market forecast

China's economy grew 5.0% in the first quarter from a year earlier, official data showed on Thursday, beating analysts' expectations as policymakers brace for the fallout

Elliott takes stake in Japan's Daikin, calls for higher returns

Elliott Investment Management said on Thursday it has taken a stake in Daikin and thinks the manufacturer of air conditioners should improve margins and

US Senate Republicans back Trump military sales to Israel

The U.S.

S&P Global downgrades ASX after Australian regulator finds governance, risk failures

S&P Global Ratings on Thursday lowered its issuer credit rating for the Australian Securities Exchange to "A+/A-1" from "AA-/A-1+", two weeks after a local regulator flagged

Mamdani, Hochul propose tax on New York second homes worth more than $5 million

New York State Governor Kathy Hochul proposed on Wednesday a new tax on second homes worth

Goldman Sachs rates business hit by Iran war volatility, sources say

Goldman Sachs' rates business suffered losses on some positions towards the end of the last quarter as fixed-income market volatility due to the Iran war

Pentagon approaches automakers, manufacturers to boost weapons production, WSJ reports

Senior U.S. defense officials have held talks about producing weapons and other military supplies with top executives of companies including General Motors and Ford Motor, the

Thailand central bank cuts 2026 growth, says no limits to worst-case scenarios if war continues

Thailand faces slower growth this year due to the Iran war and there are almost "no limits" to worst-case economic scenarios if the conflict continues,

Foreign investors flee Thailand as Iran war, energy shock dash hope for economic revival

Foreign investors are selling Thai assets as an energy shock from the U.S.-Israeli war on Iran threatens to snuff out hopes for

More Japanese firms say no to rate hikes as Iran war clouds outlook: Reuters poll

The number of Japanese firms that do not want the Bank of Japan to raise interest rates has risen sharply since the start of the year as the Iran war

BOJ to hike rates by June as war-fuelled inflation risks mount: Reuters poll

The Bank of Japan will raise its benchmark rate to 1.00% by end-June, with nearly two-thirds of economists in a Reuters poll predicting the move, and a

European banks can withstand current shocks, watchdog head says

European lenders are resilient enough to absorb current financial and geopolitical shocks but need to prepare for future uncertainties including

Instant View: China's Q1 growth beats forecast as economy braces for fallout from Iran war

China's economy expanded 5% in the first quarter compared with a year earlier, according to official data on Thursday, surpassing analysts' expectations even as policymakers

Japan, US agree to strengthen communication on exchange rates

Japan and the U.S. agreed to strengthen communication on exchange rates, Japanese Finance Minister Satsuki Katayama said after her meeting with U.S.

China's new home prices extend decline despite improvement in major cities

China's new home prices extended their decline in March, official data showed on Thursday, although major cities showed some

Chile's Kast unveils slew of reforms including corporate tax rate cut

Chile's new president, Jose Antonio Kast, unveiled on Wednesday details of a long-awaited reform package that includes cuts to the corporate tax rate,

US-sanctioned supertankers enter Gulf despite blockade

A second U.S.-sanctioned supertanker has entered the Gulf via the Strait of Hormuz, shipping data showed, despite a U.S. blockade on vessels visiting

Musk's staff reaches out to suppliers for Terafab project, Bloomberg News reports

Elon Musk's staff have reached out to chip industry suppliers for his Terafab AI chip complex project with SpaceX and Tesla, Bloomberg News reported on Wednesday. 

ECB must be patient, even if adverse scenario may be materialising: policymaker

The euro zone economy may be moving towards the European Central Bank's adverse scenario but policymakers need to remain patient and not rush any

Malaysia's Petronas to supply excess fuel to Australia as leaders vow closer energy ties

Malaysia Prime Minister Anwar Ibrahim said on Thursday that state energy firm Petronas would give priority to providing Australia with its excess fuel

How surging bond yields add to Europe's fiscal headaches

European bond yields have jumped during the U.S.-Israeli war on Iran, pushing up government borrowing costs and adding to the pressure on the

ECB may not have rate-hike evidence by April 30 meeting, policymaker says

The European Central Bank may not have all the data this month to determine if interest rates will have to be raised to tame an inflation surge and the June meeting

Truce trades ramp up as Trump touts Israel-Lebanon talks

A look at the day ahead in European and global markets from Gregor Stuart Hunter Global equities are setting new records and the dollar is down for a ninth consecutive day to its weakest levels since

Nepal panel to probe property, assets of politicians and officials

Nepal's new government, led by rapper-turned politician Balendra Shah, has set up a panel to investigate the property and assets of past and present

China to retain ultra-long special bond tenors this year, sources say

China's finance ministry will keep this year's ultra-long special treasury bond issuance to 20-, 30- and 50-year maturities, the same as last year, people with knowledge of the

Circle CEO sees 'tremendous opportunity' for yuan-backed stablecoin

Circle Internet Group sees  "tremendous opportunity" for yuan-backed stablecoin as digital money becomes increasingly integrated into

China's Q1 economic rebound faces rough seas as Iran war jolts global outlook

China's economy picked up speed early in 2026, riding an export surge before the Iran war sent energy costs soaring and put global

TSMC Q1 profit jumps 58% to record, beats expectations

TSMC, the world's largest contract chipmaker, posted a 58% jump in first-quarter net profit on Thursday, beating market forecasts and hitting a record, as it benefits from

Australia refinery fire worsens fuel supply crunch amid Iran war

A fire at the largest of Australia's two oil refineries has hit petrol production, company and government officials said

Danish Refugee Council warns 4 million more face displacement as aid drops

Over 4 million people are set to be newly displaced around the world by the end of next year as donors step back from providing life-saving aid, the Danish Refugee Council

Middle East war feeding uncertainty over Swiss economic outlook, SNB minutes show

Uncertainty over the economic outlook for Switzerland has risen due to the conflict in the Middle East and global developments pose the main risk for inflation, minutes of