Economy

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

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 Lee Jae Myung in Hanoi next week, five people familiar with the matter said.

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

Pernod CFO says talks with Brown-Forman are "ongoing"

Pernod Ricard's talks to merge with U.S. rival Brown-Forman are continuing, Pernod Ricard's finance chief said on Thursday.

Bank of England's Bailey says 'not going to rush' judgements on rate rises, BBC reports

The Bank of England was "not going to rush to judgements" on interest rate rises, Governor Andrew Bailey told BBC News, as global central banks contend with an energy

EQT restarts sale of contact lens maker Ginko in at least $1 billion deal, sources say

Private equity firm EQT is restarting the sale process for the mainland Chinese business of contact lens maker Ginko International, targeting a valuation of

German banks examine risks of Anthropic's Mythos with authorities

German banks and national authorities are examining risks around Anthropic's new artificial intelligence model, an official said on Thursday, amid concerns

US judge rejects Trump administration bid to block Hawaii climate lawsuit

A federal judge on Wednesday dismissed a Trump administration lawsuit seeking to stop Hawaii from suing fossil fuel companies in state court over climate change,

Dollar steady as traders weigh escalating Iran war against ceasefire hopes

The U.S. dollar was steady on Monday, while the yen flirted with the crucial 160 per dollar level, as investors took stock of the escalating Iran war, with

European shares muted with Middle East developments, corporate results in focus

European shares were little changed on Thursday as markets weighed progress toward a potential resolution to the Middle East conflict, while

Peruvian markets stumble as Castillo-backed leftist gains ground

Peruvian markets have reacted nervously as left-wing congressman Roberto Sanchez gains ground in a tight presidential race, reigniting

South Korean President Lee to make state visits to India and Vietnam

South Korean President Lee Jae Myung will make a state visit to India, the first by a South Korean leader in eight years, before heading to Vietnam, a presidential adviser

UK economy surged ahead of Iran war, but energy shock to test resilience

Britain's economy put on a burst of growth in February, suggesting it was in slightly better shape before the start of the Iran war than many economists had

Can Iran legally impose tolls on the Strait of Hormuz?

Tehran has sought to tighten its grip over the Strait of Hormuz by charging tolls on vessels to ensure safe passage, in conjunction with Iran's Islamic

Hedge funds on track for best monthly returns in over a decade, Goldman says

Hedge funds are on track for their best monthly performance in more than

Samsung asks court to block illegal strike activities by unions

Samsung Electronics asked a court on Thursday to block its South Korean labour unions engaging in illegal activities during strike, a spokesperson said, as a wage dispute

German car buyers keen on Chinese EV maker BYD in first quarter, data shows

Chinese car brands such as BYD are gaining traction among German consumers who are increasingly looking to buy electric cars amid rising

Relaxation of US day-trading rules opens door to YOLO trading, higher risk

A regulatory move allowing smaller, everyday investors to engage in more day trading

Fed leadership transition on shaky ground as clock ticks on Powell's term

The prospect of a smooth-and-on-time transition to U.S.

US ESG shareholder resolutions plunge in face of Republican pressure, report says

Shareholders have filed 184 proposals promoting environmental, social and governance themes at U.S. companies so far this proxy season, a new study found, about

US will punish fraud and insider trading, derivatives regulator tells Congress

Washington's top derivatives regulator on Thursday sought to reassure lawmakers the U.S. will punish fraud as concern mounts on Capitol Hill that

Pernod Ricard says Iran war to hit full-year sales despite Q3 pickup

Pernod Ricard warned on Thursday that full-year net sales will fall due to a decline in tourism in the Middle East amid the Iran war, even as it

Wall Street bank earnings in five charts as volatile markets take center stage

Major U.S. banks delivered a split picture this week, as Middle East-linked market volatility lifted trading in the first quarter but clouded dealmaking prospects.

Brazil's Lula assails Trump threats, says leaders should seek respect

Brazil's President Luiz Inacio Lula da Silva delivered a blunt critique of U.S.

Starlink outage hit drone tests, exposing Pentagon’s growing reliance on SpaceX

Last August, U.S. Navy officials carrying out a test of unmanned vessels realized they had hit a single point of failure: Starlink.

BNY's profit rises on strong fees, interest income growth​

BNY reported a rise in first-quarter profit on Thursday, as the world's largest custodian bank was helped by strong fee income and higher values

Google should allow third-party search engines access to data, EU says

The European Commission has proposed that Google allow third-party search engines to access its search data, including that of artificial intelligence chatbots with

Iran war brings US close to net crude exporter for first time since World War Two

The U.S. nearly turned into a net crude exporter last week for the first time since World War Two as shipments surged close to

TSMC lifts revenue forecast, pledges more capital spending to meet AI chip demand

TSMC raised its annual revenue forecast on Thursday and said it was stepping up capital spending this year as the world's

Strong ASML, TSMC forecasts signal AI spending boom is intact

Strong forecasts from ASML and TSMC this week point to another quarter of hefty spending by American cloud-computing giants as they race

Six-week roundtrip

What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets After a dreary, war-filled six weeks, global stocks are once again

Kering CEO pledges to double profit margins and revive Gucci brand​

Kering CEO Luca de Meo pledged to more than double the luxury group's operating profit margin and boost the appeal of its flagship brand Gucci

Travelers profit rises on stronger underwriting, lower catastrophe losses

Property and casualty insurance giant Travelers reported a jump in first-quarter profit, buoyed by robust underwriting gains and lower catastrophe losses than a

PepsiCo's bet on price cuts, brand refreshes pays off; flags Iran war cost risks

PepsiCo's price cuts for salty snacks in the U.S. and resilient demand for diet sodas helped it top Wall Street estimates, providing a buffer against growing

Bulgaria's pro-Russian former president leads election race on anti-graft ticket

In a grassy valley in rural southern Bulgaria, farmer Nikolay Vasiliev is desperate for change.

JPMorgan's Dimon warns Iran war may drive inflation and interest rates higher

JPMorgan Chase CEO Jamie Dimon warned on Monday that the war in Iran risks oil and commodity price shocks that could keep inflation sticky and push

US to raise Medicare Advantage payments to insurers by 2.48% in 2027, insurance stocks surge

The U.S. government said on Monday it would raise payments to private insurers offering Medicare Advantage plans to older adults in 2027 by

OpenAI urges California, Delaware to investigate Musk's 'anti-competitive behavior’

OpenAI urged the California and Delaware attorneys general to consider investigating Elon Musk and his associates' "improper and anti-competitive behavior", ahead of a trial

Brazil's free cooking gas program threatened by energy price spike ahead of election

Surging energy prices could scupper a popular Brazilian program that provides free cooking gas to around 50 million people,

Trump proposes to cut 9,400 TSA workers, $1.5 billion from budget

The White House is proposing to cut more than 9,400 workers and just over $1.5 billion from the 60,000-employee Transportation Security

Equities gain, oil settles higher as investors watch US-Iran standoff

U.S. equity indexes closed modestly higher and U.S. oil futures settled above $112 per barrel on Monday as investors

FAA proposes to hire 2,300 air traffic controllers in budget request

The Federal Aviation Administration said Monday it is proposing to hire 2,300 air traffic controller trainees as it works to address a persistent

Japan February household spending falls 1.8% year-on-year

Japanese household spending in February fell 1.8% from a year earlier, internal affairs ministry data showed on Tuesday, versus the median market forecast for a 0.7% fall.

UN expected to vote on watered-down Hormuz resolution on Tuesday

The U.N.

Air NZ hikes fares, cuts flights as fuel costs more than double on Iran war

Air New Zealand said on Tuesday it would slash flights across May and June as well as hike fares, as the Iran war disrupts global air travel and sends jet fuel costs higher.

Broadcom signs long-term deal to develop Google’s custom AI chips

Broadcom said on Monday it has signed a long-term agreement with Google to develop and supply future generations of custom artificial intelligence chips and other components for

Trump's shipping waiver does not boost oil flows within US; fuel exports soar

U.S.

Phillips 66 faces $900 million loss as Iran crisis lifts oil prices

U.S. refiner Phillips 66 said on Monday its first-quarter results were hit by a sharp increase in commodity prices, leaving it with nearly $900 million in

US crude premiums climb to record levels as Asia, Europe compete for supply

Spot premiums for U.S.

China's Xi urges faster development of new energy system as Middle East war continues

Chinese President Xi Jinping has called for accelerated planning and construction of a new energy system to safeguard the country's

Wall St ends higher as investors parse US-Iran negotiations, threats

U.S. stocks advanced on Monday as investors looked for signs of progress toward a U.S.-Iran ceasefire deal and evaluated President Donald Trump's

A breakthrough deal or a crude awakening?

A look at the day ahead in European and global markets from Ankur Banerjee: Markets are holding their collective breath as optimism over a possible deal to open the Strait of Hormuz clashes with the

Iran rejects ceasefire as Trump ramps up threats ahead of deadline

Iran said on Monday it wanted a lasting end to the war with the U.S. and Israel, and pushed back against pressure to reopen the Strait of Hormuz, while U.S.

Chinese pigs fed new menu as Beijing weans farmers off US soy

At the edge of one of the many pig farms spread across the vast, unbroken floodplains of Taizhou, a two-hour drive northwest of

China targets Taiwan's chip prowess to evade global 'containment', Taipei government says

China is targeting Taiwan to obtain its advanced chip manufacturing technology and talent as a way of breaking through international "containment" of the country, according

Vietnam's top leader To Lam consolidates power, gets China-style mandate

Vietnam's lawmakers unanimously elected Communist Party Secretary General To Lam as the country's state president for the

Democrats see a chance to win back Latino voters in southern Florida

Republicans’ longstanding support among voters of Cuban and Venezuelan descent in South Florida, a cornerstone of the party’s regional success over the

South Africa private sector returns to growth but Iran war clouds outlook, PMI shows

South Africa's private sector returned to growth in March as faster output and hiring outweighed a slump in export orders and business confidence linked to the U.S.-

Samsung flags eightfold jump in quarterly profit as AI chip demand pumps prices

Samsung Electronics on Tuesday projected its first-quarter earnings would exceed its entire profit for last year, beating expectations as

Iraq could restore oil exports to pre-war level within a week if Hormuz reopens, Basra Oil chief says

Iraq could restore crude oil exports to around 3.4 million barrels per day within a week provided the Iran war ends and the Strait of Hormuz reopens,

Spain services sector grows but costs soar, confidence weakens amid war, PMI shows

Spain's services sector expanded faster in March but demand softened, costs rose at the fastest pace in nearly three years and confidence weakened amid the war in the

LG Energy Solution flags Q1 operating loss on weak EV demand

South Korean battery maker LG Energy Solution (LGES) said on Tuesday it expects to post a first-quarter operating loss of 208 billion won ($138.16 million), as weaker demand

SpaceX lays out IPO details, targets early June roadshow, sources say

SpaceX outlined details of its highly anticipated IPO at a meeting with its team of bankers Monday night, telling them it plans to earmark a large portion of

Italy service sector contracts for first time in 16 months, survey shows

Italy's service sector contracted in March for the first time in 16 months, a business survey showed on Tuesday, as domestic and foreign demand declined and costs surged in

Vietnam's top leader To Lam wins state presidency, gets China-style mandate

Vietnam's lawmakers on Tuesday unanimously elected Communist Party Secretary General To Lam as the country's state

Kenya private sector activity shrinks for first time since August 2025

Kenya's private sector activity contracted in March for the first time since August, partly due to the war in the Middle East, with only the wholesale and retail sectors

German service sector growth slows to seven-month low, PMI shows

Business activity growth in Germany's service sector abruptly lost momentum in March as demand weakened amid fallout from the war in the Middle East, a survey showed on

Euro zone growth slows to nine-month low on surging costs, PMI shows

The euro zone's private sector expansion weakened sharply in March as the Middle East war drove up energy costs and disrupted supply chains, with overall demand - a key

Deal, delay or strike? Investors on edge as Trump's Iran deadline nears

Global markets have entered a period of heightened uncertainty ahead of a deadline set by U.S.

IEA chief: current oil and gas crisis worse than 1973, 1979, 2022 together

The current oil and gas crisis triggered by the blockade of the Strait of

France's services sector contracts in March as Middle East war hits demand, PMI shows

France's services sector contracted further in March as client spending weakened due to the war in the Middle East and caution among businesses in the run-up to last month's

Vietnam's top leader To Lam expands power, new PM elected

Vietnam's lawmakers on Tuesday unanimously elected Communist Party Secretary General To Lam as the country's state

Japan sees weakening economic momentum, early signs of war-induced pain

An index measuring the health of Japan's economy slid in February, government data showed on Tuesday, highlighting a soft spot in the economy even before it

Depressed tech valuations could offer entry point for investors, Goldman Sachs says

Technology stocks, including those from the United States, are looking cheap following a prolonged period of underperformance, creating a potential entry point for investors,

Toronto home sales snap losing streak as lower prices entice buyers

Greater Toronto Area home sales rose for the first time in six months in March in a sign that reduced prices have lured more homebuyers into the market,

UK services firms report surge in costs, fading optimism as Iran war takes toll

Businesses in Britain's services sector reported the biggest month-on-month jump in costs in March since 2021, driven by higher energy and transportation

India's RBI seen looking past muted overnight rates, avoid liquidity drain, bankers say

India's central bank is likely to allow overnight interbank rates to stay near the floor of the policy corridor for longer and refrain from draining

Middle East war means 'all roads' lead to higher prices, slower growth, IMF chief says

The war in the Middle East will lead to higher inflation and slower global growth, the head of the International Monetary Fund told Reuters on Monday,

Airline pilots must be given final say on flying in war zones, aviators' group says

Pilots must be given a "final and non-negotiable" say allowing them to refuse to fly over or within conflict zones without influence from commercial

UBS lowers 2026 S&P 500 target on Middle East conflict risks

April 7 - UBS Global Wealth Management trimmed its S&P 500 index target for 2026, pointing to sustained higher oil prices amid the ongoing Middle East conflict that could pressure U.S. economic growth

Final countdown?

What matters in U.S. and global markets today By Anna Szymanski, Editor-in-Charge, Reuters Open Interest Markets are once again held in suspense as traders count

Some firms in Saudi extend work from home ahead of Iran ultimatum

Some Western and Saudi firms in Riyadh have extended work-from-home advisories this week, five people familiar with the matter said, amid concern over a looming U.S.-imposed

Iran sets preconditions for talks on lasting peace with U.S., senior official tells Reuters

Iran has set preconditions for talks on a lasting peace with the United States, a senior official told Reuters on Tuesday, including an immediate halt to strikes, guarantees

ASML shares fall on US Congress plan to further restrict China exports

Shares of computer chip equipment maker ASML dipped on Tuesday, the first trading day after U.S. lawmakers last week proposed a law that could further restrict the

Fed's Williams says Middle East war will drive up inflation - Bloomberg

By Michael S.

Puig, Estee Lauder founding families to meet for combination talks, source says

The founding families of the Spanish firm Puig, which owns such brands as Rabanne and Nina Ricci, and U.S. cosmetics giant Estee Lauder will meet this week in New York to

Wall St opens lower ahead of Trump's Iran deadline

Wall Street's main indexes opened lower open on Tuesday as investors assessed comments from the U.S. and Iran for any clues on where the conflict was headed, before President

Deere settles US right-to-repair lawsuit with $99 million fund, repair commitments

U.S. agriculture equipment maker Deere on Monday agreed to pay $99 million into a settlement fund for farms and farmers that are part of a class action over costs and access to

Oil surges on US blockade of Iran

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

Novo Nordisk launches higher-dose Wegovy in the United States

Novo Nordisk said on Tuesday that it has made a higher-dose version of its blockbuster weight-loss drug Wegovy available across the United States.

Russia says Middle East war disruption opens up new trade opportunities

Global supply disruptions caused by the war in the Middle East have opened up new trade opportunities for Russia, but price stability in the domestic market remains a

Philippine central bank warns of oil spike 'spillover effects' as inflation breaches target

The Philippines’ central bank warned on Tuesday of 'spillover effects' on consumer prices from sharp oil price increases, after the

US business spending on equipment on solid ground before Iran war

New orders for key U.S.-manufactured capital goods increased more than expected in February while shipments of those products rose solidly, suggesting

Vape makers turn to 'Made in America' credentials amid Trump's tariffs, crackdown

The U.S. vaping market, long dominated by Chinese imports, is seeing an uptick of "Made in America" products, in what some analysts and industry executives

Heads of IEA, IMF, World Bank to meet next Monday to discuss energy crisis

The leaders of the International Energy Agency, the International Monetary Fund and the World Bank will discuss the energy crisis triggered by the Iran war next Monday, IEA

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

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

Iran has attacked Saudi Arabia's Jubail petrochemical complex, IRGC says

Iran on Tuesday attacked Saudi Arabia's Jubail petrochemical complex, the heart of the kingdom's downstream sector, its Revolutionary Guards said, the latest evidence of Tehran's

Chile's peso leads LatAm FX losses as Mideast tensions pressure regional assets

Chile's peso, the worst-performing Latin American currency since the Middle East conflict began, led losses among regional currencies on Tuesday despite the

US lawmakers press Bessent on LNG ships that are taking tax credit

A group of Democratic U.S. senators on Tuesday pressed Treasury Secretary Scott Bessent on whether enormous tankers that ship liquefied natural gas

NY Fed March survey finds jump in near-term inflation expectations 

By Michael S.

Blockbuster SpaceX listing could suck the oxygen out of fragile IPO market

As Elon Musk's SpaceX closes in on a $75 billion IPO that could rewrite record books, concerns are mounting that others looking to list in 2026 may find it harder to

Key quotes from Vance and Orban's news conference

U.S.

Hot money increasingly dominates emerging markets financing, raising risks, IMF says

Emerging market nations now get the bulk of their foreign financing from the likes of hedge funds, pension funds and insurers, leaving them vulnerable to

India weighs austerity steps, sees no immediate risk to FY27 deficit goal, sources say

India

World Bank says Nigerian economy to grow in 2026 but Iran war lifts inflation

Nigeria's economy is resilient and set to grow in the first half of 2026 despite the Iran war, the World Bank said on

Ukraine lawmakers inch forward with IMF-linked bill for strained budget

Ukraine's parliament passed one of a handful of tax laws on Tuesday as part of reforms required by the International Monetary Fund, lawmakers said, with more

European shares decline as markets turn wary ahead of Trump's Iran deadline

European shares retreated on Tuesday, led by declines in defence and healthcare stocks, as investors turned cautious ahead of U.S.

Bourbon demand is down and tariffs aren't helping. But distillers keep building

Like many whiskey distillers, Heaven Hill Brands is rolling back bourbon production this year, as demand lags.

Can Iran charge fees for ships to transit the Strait of Hormuz?

Iran wants to charge fees for ships to pass through the Strait of Hormuz as part of its proposals to end the war with Israel and the United States after blocking most traffic

USTR Greer says US-Mexico-Canada pact talks may run past July 1 deadline

The Trump administration will try to resolve as many problems with the U.S.-Mexico-Canada trade agreement as it can before July 1, but negotiations to rebalance the

Intel joins Musk's Terafab AI chip project to power humanoid, data center goals

Intel said on Tuesday it will join Elon Musk's Terafab AI chip complex project with SpaceX and Tesla to make processors powering the tech billionaire's

World Bank's Banga sees some degree of lower growth, higher inflation due to war

World Bank President Ajay Banga said on Tuesday the war in the Middle East would result in some degree of slower growth in the global economy and

Energy facilities and shipping hit during US-Israeli war on Iran

The U.S.-Israeli war on Iran and Tehran's retaliatory attacks on Gulf neighbours have damaged major energy facilities and disrupted shipping through the Strait of Hormuz, which

Fed's Williams: FOMC leadership not in question amid slow Warsh confirmation

Federal Reserve Bank of New York President John Williams said on Tuesday that U.S.

Moody's cuts outlook on US BDCs to 'negative' on redemption pressure, rising leverage

Moody's Ratings on Tuesday revised its outlook on U.S. business development companies (BDCs) to negative from stable, citing rising redemption

Pakistan seeks two-week ceasefire, extension to Trump's deadline on Iran

Pakistan, a mediator between the U.S. and Iran, on Wednesday requested that U.S.

Goolsbee says stagflationary shock of Iran war puts Fed in a bind

Chicago Federal Reserve Bank President Austan Goolsbee said on Tuesday he is worried that the Iran war will drive inflation higher even as it slows the U.S. economy, putting the

Amazon strikes deal with USPS that maintains 80% of package volume

Amazon.com on Monday announced it reached a new agreement with the U.S.

Apple's foldable iPhone faces engineering snags, potential shipment delays, Nikkei Asia reports

Apple has been encountering setbacks in the engineering test phase of its first foldable iPhone, which could lead to delays in its mass production and product shipment schedule,

Bayer US head says tariffs will not affect its 2026 forecasts

A top Bayer AG executive said on Tuesday the German drugmaking and crop science company saw no need to adjust its 2026 forecasts because of tariffs on

Health insurers rise after US lifts 2027 Medicare Advantage payment rates

Shares of U.S. health insurers climbed on Tuesday after the government set Medicare Advantage payment rates above expectations, an increase that would result in

‘Everything will fall apart’: Republicans confront how to shift midterm strategy amid Iran war

‘Everything will fall apart’: Republicans confront how to shift midterm strategy amid Iran war

PIMCO weighs $14 billion debt deal for Oracle's Michigan data center, Bloomberg News reports

Pacific Investment Management Co. is in talks with the Bank of America to help provide roughly $14 billion of debt financing to build an Oracle data center in Michigan, Bloomberg

Brent settles down on economic worries, US crude up ahead of Trump deadline for Iran

Oil prices settled mixed on Tuesday, with Brent down on worries that high energy prices could slow economic growth, while U.S. crude closed at its

US short-term credit market shows early signs of stress as Iran war persists

A prolonged war in the Middle East is starting to ripple into U.S. short-term credit markets, where subtle strains are emerging that could

Reform UK threatens to deny visas to citizens of countries demanding reparations

Nigel Farage's Reform UK said on Tuesday it was proposing to deny visas to people from countries seeking amends for transatlantic slavery, a move swiftly

Physical oil prices hit record highs near $150 a barrel as Hormuz crisis worsens

By Alex Lawler LONDON, April 7 - European and Asian refiners are paying record high prices of near $150 a barrel for some crude oil grades, far exceeding prices for paper futures, highlighting the

Dollar holds firm ahead of Trump's Iran deadline

The U.S. dollar traded close to its highest levels in almost 11 months on Tuesday with investors pausing ahead of a U.S.-imposed deadline for Iran to reopen the

Mexico's headline inflation likely sped up in March while core index declined: Reuters poll

Mexico's headline inflation likely accelerated in March for the third straight month while core inflation likely declined, a Reuters poll showed on Tuesday, backing

Taiwan's chipmaker TSMC reports 58% jump in profit, warns about Iran war impacts

Taiwan’s chipmaker TSMC has reported a 58% jump in profit for the January-March quarter thanks to strong demand driven by the artificial intelligence boom even as the Iran war was driving up costs

US transportation secretary sees room for airline mergers

U.S.

Hyundai resuming new Palisade SUV sales after finalizing fix

Hyundai Motor said on Tuesday it is lifting a halt on sales of recalled 2026 Palisade SUVs after finalizing a fix for a power seat issue that

Modi is pushing to get more women into India's Parliament. That could have other consequences

India’s Parliament has opened debate on a landmark bill to reserve one-third of seats for women, a reform that could also trigger a sweeping redrawing of electoral boundaries and heighten political tensions

Australia boosts military spending as Iran war makes global impact

Australia's defense minster says the Iran war had greatly complicated the global strategic landscape and the country is significantly increasing its military spending

China says its economy is accelerating despite Iran war turmoil – for now

China says its economy is accelerating despite Iran war turmoil – for now

Ticketmaster and Live Nation hold illegal monopolies, US jury finds

Ticketmaster and its parent company Live Nation illegally monopolized U.S. live event markets, a New York jury found on Wednesday, after a trial on the company's

Could more cattle cause record beef prices to drop? Ranchers say it's not that simple

It’s never been so expensive for Americans to buy a steak or hamburger, but cutting those costs requires ranchers to raise more cattle, and that’s not an easy ask

China's economy grows at 5% in first quarter, shrugging off initial impact of Iran war

China’s economy accelerated in the first quarter of this year, expanding 5% from a year earlier as it largely shrugged off impacts from the Iran war so far

How Trump’s repeated efforts to fire Federal Reserve Chair Powell harm the economy – and make battling inflation harder

Politicians have long coveted control over monetary policy. Good economic governance requires that they don’t get it.

The 'becoming Chinese' meme shows China's soft power moment is here

Young Western social media users are embracing a “very Chinese time” of their lives, and China’s government is keen to use this moment to boost the country’s cultural influence worldwide

Jury finds that Ticketmaster and Live Nation had an anticompetitive monopoly over big concert venues

A jury has found that concert giant Live Nation and its Ticketmaster subsidiary engaged in an anticompetitive monopoly

New York City apartment building workers authorize a possible strike as contract talks stall

Thousands of New York City apartment building doorpersons, superintendents and other workers have approved a potential strike in the coming days

Arizona utility agrees not to cut off power for nonpayment when it’s 95 degrees Fahrenheit or above

Arizona’s largest utility has agreed not to cut off electrical service to customers for nonpayment while forecasted high temperatures are 95 degrees Fahrenheit (35 degrees Celsius) or above

Pakistani delegation meets in Tehran hoping for more US-Iran talks before ceasefire ends

Pakistan’s army chief is meeting with Iranian officials for talks in Tehran in the latest diplomatic move to ease tensions in the region and arrange a second round of negotiations between the United States and Iran

White House denies U.S. requested ceasefire, says new talks may happen in Pakistan

Reports that the White House has requested a ceasefire in the Iran war are wrong, press secretary Karoline Leavitt told reporters on Wednesday but added that

White House has no opinion on potential United Airlines deal for American Airlines

The Trump administration does not have an opinion on reports that United Airlines was considering merging with rival American Airlines, White House press secretary

Iran proposes letting ships exit safely through Oman side of Hormuz, source says

Iran could let ships sail freely through the Omani side of the Strait of Hormuz without risk of attack under proposals it has offered in

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

Oil prices held steady on Wednesday as ongoing worries about supply disruptions offset comments by U.S.

Sovereign borrowers launch platform to amplify voice in debt talks

A group of officials from developing economies launched on Wednesday the Borrowers' Platform, an effort backed by the United Nations to give

European buyers hold talks to ship Canadian LNG via Panama Canal to diversify supply

European buyers, including Germany's Uniper, are exploring the possibility of purchasing liquefied natural gas from Canada's Pacific coast and

Fed's Musalem says oil shock likely to keep core inflation near 3%, rates on hold for some time

High oil prices are likely to keep underlying inflation nearly a percentage point above the Federal Reserve's 2% target for the rest of this year, with the U.S.

Bessent supports IMF quota revamp, wants World Bank financing for critical minerals

U.S.

Trump threatens to fire Powell if he doesn't quit Fed board; ongoing probe clouds Warsh confirmation

President Donald Trump on Wednesday threatened to fire Federal Reserve Chair Jerome Powell from his separate seat on the U.S. central bank's Board

Permian-focused EagleRock plans rare US oil and gas IPO, sources say

EagleRock, a company that collects royalties and fees from oil and gas production on the land it controls in the Permian Basin, is

Jury finds Live Nation and Ticketmaster operated as a monopoly and overcharged fans

Jury finds Live Nation and Ticketmaster operated as a monopoly and overcharged fans

World Bank launches 'Water Forward' programme to tackle global water stress

The World Bank and other top development lenders launched a new global initiative dubbed Water Forward on Wednesday, aimed at improving secure water access for a billion

US probes suspicious oil trades made before Trump Iran pivots, source says

The U.S.

Iran war puts US companies in wait-and-see mode, Fed report says

U.S. businesses and households still adjusting to the Trump administration's tariff policies also are reeling from a surge in energy prices due to the Iran war, a

Instant View: S&P 500, Nasdaq notch fresh records, casting aside war fears

U.S. stock indexes returned to new highs on Wednesday, putting fears of economic disruption driven by the war with Iran in the rearview mirror.

Ford's advanced EV-and-tech chief to leave the company 

Doug Field, a Tesla and Apple veteran who has led Ford Motor's electric-vehicle and technology efforts for nearly five years, is leaving the automaker. 

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 its U.S. initial public offering.

Trading Day: S&P 500, Nasdaq nab all-time closing highs, buoyed by Middle East optimism

The S&P 500 and the Nasdaq both logged record closing highs on Wednesday as investors assessed developments in the U.S.-Iran conflict and turned their

Nasdaq sets record highs as investors return to tech stocks

The Nasdaq hit an intraday all-time high and closing record on Wednesday, its first since October, as investors returned to technology stocks, signaling a rebound in risk appetite

Nuclear reactor developer X‑Energy targets $7.5 billion valuation in US IPO

Amazon-backed X-Energy is targeting a valuation of up to $7.51 billion in its initial public offering in the United States, the nuclear reactor developer said on

Brazil central bank's caution has paid off amid rising uncertainties, director says

The approach currently adopted by Brazil's central bank of operating with caution amid rising uncertainties, which includes the U.S.-Israeli war on Iran, has paid off,

Trump-backed World Liberty Financial's early investors won’t be able to fully cash out until after Trump’s term

World Liberty Financial, the crypto venture co-founded by President Trump and his sons, released a new proposal

ECB in 'relatively favorable' policy position, Schnabel says

The European Central Bank is in a "relatively favorable" position on monetary policy after having successfully brought down inflation to 2% before the

Sazerac bids $15 billion for Jack Daniel's maker Brown-Forman, source says

U.S. spirits group Sazerac has offered to buy Brown-Forman for about $15 billion, a source familiar with the matter said on Wednesday, complicating Pernod

US optimistic of deal with Iran as it increases economic pressure

The Trump administration expressed optimism on Wednesday about reaching a deal to end the war

Popular NYC SantaCon charity fundraiser was more con than Claus, authorities say

Federal authorities say a SantaCon charity fundraiser that flooded New York City with inebriated young people in red and white Santa costumes every holiday season was a con

Iran war may boost inflation, but not expectations, per Dallas Fed research

An extended disruption of the world's oil trade from the Iran war could lift headline U.S. inflation to well over 4% by year-end, with even bigger increases possible

Banga defends World Bank's role on Trump's Board of Peace

The World Bank is seeking to play a constructive role in aiding Gaza's recovery from the two-year war between Israel and Palestinian militants in the

From falling U.S. wealth to Indian factory closures, oil shock raises global recession risk

Kevin Kelly is in a tough spot.

Panama authorizes First Quantum to process stockpiled material from shuttered copper mine

Panama's government formally approved on Tuesday for Canada's First Quantum Minerals to remove, process and export stockpiled ore at its shuttered

Trading Day: Trump's Iran deadline looms

Wall Street recovered earlier losses to end mostly flat on Tuesday, as traders awaited the deadline later in the evening that U.S.

Indian billionaire Gautam Adani will seek to dismiss US SEC fraud case

Gautam Adani, India's second richest person, will ask a U.S. judge to dismiss the Securities and Exchange Commission's civil fraud case stemming from

Gilead to buy Germany's Tubulis for up to $5 billion to boost cancer pipeline

Gilead said on Tuesday it would acquire Germany-based Tubulis GmbH for up to $5 billion, as it looks to strengthen its cancer drugs pipeline.

Inflation scars risk quickly lifting expectations; ECB must be ready to act: policymaker

Euro zone inflation expectations are at risk of rising more quickly than in the past and the European Central Bank must be ready to raise interest rates

Canada's Ivey PMI shows activity shrinking for first time in four months

Canadian economic activity contracted in March for the first time in four months as a measure of inflation pressures increased, Ivey Purchasing Managers Index (PMI) data

Fed's Jefferson sees risks to both employment, inflation

Federal Reserve Vice Chair Philip Jefferson on Tuesday reiterated his view that short-term borrowing costs are set appropriately to allow the central bank to respond

DHS says US could stop processing international travelers at some airports in 'sanctuary cities'

Homeland Security Secretary Markwayne Mullin said on Tuesday that customs officials could stop processing international travelers at

Stocks edge up, dollar falls as Trump's Iran deadline nears

Wall Street's main equity indexes managed tiny gains on Tuesday while the dollar lost ground and U.S.

UBS loses bid to limit liability for Nazi-linked crimes, US judge's ruling shows

A U.S. judge on Tuesday rejected UBS' bid to clarify a $1.25 billion settlement from 1999 of Holocaust-related litigation against Swiss banks by

Chicago jet fuel tops $5 a gallon, as refiner maintenance adds to war-related price surge

Chicago has become the most expensive U.S. jet fuel market, with prices topping $5 per gallon, as the disruptions caused by the Iran war have combined with

Brazil eyes new debt relief with federal guarantees for consumers

Brazil's government is preparing a new credit renegotiation program backed by federal guarantees to curb rising household debt, two sources with direct

Delta Air, Southwest Airlines hike checked baggage fees as jet fuel prices soar

Delta Air Lines and Southwest Airlines said on Tuesday they would raise fees for checked bags, as carriers seek to offset soaring jet fuel costs linked to escalating tensions in

Wall Street closes mixed, with signs of progress as Trump's Iran deadline draws near

U.S. stocks ended mixed on Tuesday amid signs of progress in negotiations as the minutes ticked down to President Donald Trump's

How one factory in China learned to live with Trump, tariffs and turmoil

U.S.

US SEC enforcement activity drops dramatically as agency 'resets'

Enforcement cases brought by the U.S.

Central banks' concern over rising geopolitical tensions surges, survey shows

Concerns among central banks about geopolitical tensions have surged dramatically this year and are now viewed as the top global risk, according to a new

Levi Strauss lifts annual forecasts as strong demand cushions tariff hit

Levi Strauss on Tuesday raised its annual sales and profit forecasts, banking on resilient demand for its denim across all categories and strength in its direct-

Harvard economist urges Japan PM Takaichi to respect central bank independence

Japan must respect central bank independence to prevent unwelcome rises in bond yields, former IMF chief economist Kenneth Rogoff told Prime Minister Sanae

Colombia's Petro calls for economic emergency, fresh financing law

Colombian President Gustavo Petro said on Tuesday evening that his government would submit an economic emergency decree and a new tax reform bill to Congress to balance the

Investor reactions to Trump agreeing to two-week ceasefire with Iran

U.S.

Vietnam's To Lam plans China visit next week after winning presidency, sources say

Vietnam's top leader To Lam is planning a visit to China next week to meet his counterpart Xi Jinping, three people briefed on the

Bank of Korea to hold rates at 2.50% as war-driven uncertainty persists: Reuters poll

The Bank of Korea will keep its key interest rate unchanged at 2.50% on Thursday and for the rest of the year, a Reuters poll forecast, as policymakers assess the impact

New Zealand holds rates, warns of 'decisive' move if Iran war fuels inflation

New Zealand's central bank kept its policy rate at 2.25% on Wednesday for a second meeting, buying time to assess the fallout from the

Trump says US will help with traffic buildup in Strait of Hormuz

U.S. President Donald Trump said on Wednesday the United States will help with the buildup of shipping traffic in the Strait of Hormuz. 

Islanders promo raises funds for ex-NYPD officer convicted of manslaughter, angering victim's family

The New York Islanders are facing criticism for promoting a fundraiser for a former New York City police sergeant who was convicted of manslaughter

Two weeks to breathe

A look at the day ahead in European and global markets from Ankur Banerjee A sparkling relief rally across assets will greet Europe after U.S.

Trump says US won 'total and complete victory' after ceasefire deal with Iran, AFP reports

U.S. President Donald Trump told AFP on Tuesday that the United States had won a "total and complete victory" after agreeing to a two-week ceasefire deal with Iran.

Trump agrees to two-week Iran ceasefire, drops threat to destroy 'whole civilization'

U.S.

China's Xi urges demand‑driven growth in services sector

China's President Xi Jinping has called for a demand-driven approach coupled with reform and technological empowerment to develop the service sector, the official Xinhua

Historians, watchdog group sue Trump to preserve White House records

A U.S. historians' organization and a government transparency group are suing President Donald Trump to force his administration to comply with a

Italy discovers 'silver housing' as traditional elder care buckles

As Italians live longer and traditional family care weakens, growing numbers of sprightly seniors are tempted by new

Trump's threat to Iran shocks global leaders, unnerves some Republicans

U.S.

From dropping bombs to pressuring banks: US pivots to economic warfare on Iran

The Trump administration is setting the stage to shift its war campaign toward a more economically focused effort aimed at choking Tehran into submission rather than relying on bombs alone

UK house prices dropped in March as Iran war weighed on outlook, Halifax said

British house prices slid unexpectedly last month as economic uncertainty stemming from the Iran war hurt buyer demand, mortgage lender Halifax said on Wednesday.

Benin finance minister Wadagni seeks his own mandate in election

Benin Finance Minister Romuald Wadagni is expected to make the leap from behind-the-scenes technocrat to head of state on

Stellantis in advanced talks to develop Opel EV with China's Leapmotor, sources say

Stellantis is in advanced talks with Leapmotor to jointly develop an Opel-branded electric SUV that would use the Chinese automaker's technology and be produced at

India central bank holds rates as Mideast crisis fans growth, inflation risks

The Reserve Bank of India kept its key policy rate unchanged on Wednesday while warning of lower growth and higher inflation as the Middle

Trump will pursue stability with China's Xi in May meeting, USTR Greer says

The U.S. economic and trade relationship with China is stable and President Donald Trump will aim to keep it that way in a meeting next

Spanish prime minister to make fourth trip to China in as many years

Spanish Prime Minister Pedro Sanchez will make his fourth trip to China in as many years this month, as had been widely expected, as Madrid seeks to build on its

Maersk cautious on Strait of Hormuz shipping despite US-Iran ceasefire

Maersk said on Wednesday the two-week ceasefire agreed between the U.S. and Iran could open some opportunities for vessels in the Strait of Hormuz, but did not yet

China and Russia veto UN resolution on protecting Hormuz shipping

China and Russia on Tuesday vetoed a U.N. resolution encouraging states to coordinate efforts to protect commercial shipping in the Strait of Hormuz, calling

Germany's February industrial orders up, albeit far below forecasts

German industrial orders climbed in February from a month earlier but fell far short of expectations, underscoring less-than-robust business conditions for the

Global banks scale back China rate-cut calls, see policy rate on hold this year

Major global investment banks now expect China to keep official interest rates steady this year, scaling back earlier rate-cut calls, as the impact from the Middle East

South Korea to push for the release of ships in the Strait of Hormuz

South Korea's presidential Blue House said on Wednesday that the government would do its best to ensure the country's ships can pass through the Strait of Hormuz as soon as

UK builders report biggest leap in cost inflation on record, PMI shows

British construction firms reported the biggest rise in cost inflation from one month to the next on record in March and the Iran war also hit new orders and confidence in

Soaring costs, fuel shortage fears drive Pakistan to electric motorbikes

Days after Iran effectively blocked shipping through the Strait of Hormuz following the start of U.S. and Israeli

Taiwan opposition leader pledges reconciliation at memorial for founding father in China

Taiwan opposition leader Cheng Li-wun pledged on Wednesday to channel the spirit of her party's founder Sun Yat-sen and seek

Major reaction to news of Iran ceasefire

The U.S. and Iran have confirmed a two-week ceasefire following mediation by Pakistan. U.S.

CK Hutchison's Panama unit to seek arbitration over Maersk ports takeover

Hong Kong-based conglomerate CK Hutchison's Panama business said it would seek arbitration over Maersk's takeover of two strategic ports near the Panama Canal, which

Ukraine renews attacks on Russian energy sites - what has been hit?

Ukraine has increased attacks on Russian energy facilities in recent weeks as peace talks have failed to make progress.

Fed minutes of March meeting could flesh out how policymakers view war risks to economy

U.S.

France plans 36 billion euro boost to rearmament, nuclear deterrent expansion

France plans to add a further 36 billion euros ($39 billion) to its defence spending between now and 2030 under an updated military planning law that expands

Peru election: Who are the leading presidential contenders?

Peruvians will go to the polls on April 12 to elect a new president and members of Congress, following years of political upheaval, impeachments and corruption scandals that

US mortgage rates edge down to 6.51%, MBA says

The interest rate on the most popular U.S. home loan ticked down last week for the first time since the start of the Iran war, but not enough to rejuvenate a housing market that's

Grab to lean on scale, AI to navigate rising fuel costs, CEO says

Southeast Asia's top ride-hailing and delivery firm Grab believes artificial intelligence-led products and services will

Big relief rally, for now

(Corrects error in byline field) April 8 - A look at the day ahead in U.S. and global markets from Alun John Markets exhaled on Wednesday after news of a two-week ceasefire between the U.S. and Iran,

Volatility-linked funds put March US stock selling spree in the rearview mirror

The heaviest stock selling by volatility-linked funds appears to have largely run its course last month, potentially setting up U.S. indexes for

Sport-Women's elite sports revenues to reach $3 billion in 2026, Deloitte says

Global revenues in women's elite sports will reach at least $3 billion for the first time in 2026, marking an increase of 25% compared to last year, Deloitte said in a report on

Italy rules out sending ships to patrol Hormuz Strait without U.N. mandate

Italy will not send any ships to help police the Hormuz Strait area following a ceasefire between the United States and Iran unless it is authorised by the

Indian billionaire Gautam Adani to seek dismissal of US SEC fraud case by April 30

Adani Green Energy on Wednesday said group chair Gautam Adani and his nephew Sagar Adani plan to seek dismissal of a civil suit stemming from an alleged bribery scheme filed by the

Turkish intelligence played a role securing U.S.-Iran ceasefire, media says

Turkey’s intelligence agency played a key role in diplomatic efforts leading to a two-week ceasefire between the United States and Iran, Turkish media reported on Wednesday

Ackman's UMG bid sees analysts split on Bolloré's next move

Market analysts are split over whether Universal Music Group's top stakeholders will support billionaire Bill Ackman's Pershing Square

Shell flags lower gas output, capital outflow amid Iran conflict but sees oil trading boost

Shell said on Wednesday that weaker first-quarter gas output and a hit to short-term liquidity would be offset partly by stronger oil

Developing countries in Europe, Central Asia face slowdown, World Bank says

Emerging and developing economies in Europe and Central Asia face a sharp slowdown this year under a scenario of a large but temporary rise in energy prices from the

World Bank expects stronger exports to lift Western Balkans growth to average 3.1% in 2026-27

Economic growth for six Western Balkans countries is projected to increase to 3.1% on average in 2026 and 2027 on stronger exports and public investment after a slowdown

World Bank says South Asia growth to slow to 6.3% in 2026 amid Middle East conflict

South Asia's growth is expected to slow to 6.3% in 2026 from 7.0% in 2025 as the conflict in the Middle-East and disruptions in global energy markets

Wars impose deep and prolonged economic costs on countries, IMF research finds

Wars cause large and persistent economic losses in countries where fighting takes place, with output declining by roughly 7% over five years on average

Levi Strauss shares rise as pricey denim sales smooth over tariff hit

Levi Strauss' shares jumped about 10% on Wednesday as investors cheered its strongest quarterly revenue growth in nearly four years, with confidence growing in

Iran's shattered economy means any success in war may be fleeting

Iranian authorities see the truce with the United States and Israel as a strategic victory, but they emerge battered and isolated with an

Wall Street opens higher after US-Iran ceasefire

Wall Street's main indexes opened higher on Wednesday after the U.S. and Iran agreed to a two-week ceasefire, sending crude prices lower on expectations that energy supplies

Moody's cuts Blue Owl fund's outlook on surging redemption requests

Moody's Ratings cut its outlook on a $36-billion Blue Owl non-traded fund to "negative" from "stable" on Tuesday, citing redemption requests that were significantly higher than at

Automakers did not strongly seek aluminium tariff relief, White House official says

Ford Motor and other U.S. automakers have not made a strong request for relief from aluminium tariffs despite supply disruptions caused by fires at a key supplier, a White House

Asian stocks exodus fuels largest emerging market outflows since 2020, IIF data shows

Foreign investors pulled $70.3 billion from emerging market assets in March, the biggest outflow since the pandemic rout in March 2020, data from a global

Samsung Electronics' shareholder Shinhan Bank launches $2.1 billion share sale - term sheet

Samsung Electronics shareholder Shinhan Bank launched a sale of about $2.1 billion worth of shares in the South Korean company,

How the math works on a $1.75 trillion SpaceX valuation

Elon Musk’s SpaceX is seeking a $1.75 trillion valuation in its forthcoming initial public offering.

Trump says US will work closely with Iran, discuss sanctions

The United States will work closely with Iran and the two countries are discussing tariff and sanctions relief, U.S.

Brazil government to propose bill cutting working hours this week, says Lula

Brazilian President Luiz Inacio Lula da Silva said on Wednesday that the government will submit a bill to Congress this week aimed at reducing working hours.

TikTok to build a second billion-euro data centre in Finland

TikTok plans to invest 1 billion euros ($1.16 billion) to build a second data centre in Finland in less than a year as

'A lot of work to do' to reopen Strait of Hormuz, UK's Starmer says on Gulf trip

British Prime Minister Keir Starmer said on Wednesday there was still a lot of work to do to reopen the Strait of Hormuz following the U.S.-Iran ceasefire, speaking during

Aerospace parts maker Arxis targets $11.2 billion valuation in US IPO

Arxis is targeting a valuation of up to $11.2 billion in its U.S. initial public offering, the aerospace components maker said on Wednesday

General Motors recalls over 270,000 cars in US over rearview camera issue

General Motors is recalling 271,770 cars in the U.S. over an issue with the rearview camera, the U.S. National Highway Traffic Safety Administration (NHTSA) said on Wednesday. 

Exxon signals lower Q1 profit despite higher oil, gas revenue from Iran war price spikes

Exxon Mobil signaled on Wednesday that first quarter earnings could decline from the previous quarter, with an expected multi-billion dollar hit related to

The new Trump trades: how investors are navigating Iran shocks 

Investors are piecing together a new "Trump trade" playbook for navigating market

Japan business mood slumps, bankruptcies seen rising as Iran war lifts costs

The Japanese business mood worsened in March to levels not seen since the start of the Ukraine war in 2022, a government survey showed, a sign surging oil

Hungarian minister offered to send Russia EU document in leaked audio

Hungary's foreign minister offered to send his Russian counterpart a document about Ukraine's European Union accession, leaked recordings purported to show on Wednesday, in the

Global energy stocks plunge as US-Iran ceasefire hits oil

U.S. and European energy stocks slid on Wednesday, as a ceasefire to the Middle East conflict punctured the hefty war premium built into

Wealthy nations slashed development aid in 2025 for second year in row, debt group says

By Colleen Goko JOHANNESBURG, April 8 (Retuers) - Wealthy nations slashed their development aid in 2025, probably by record-breaking amounts, a debt group said, ahead of data set to be released on

Why the bond market won't bounce back to pre-war levels

Global bond markets may rebound after the U.S.-Iran truce but are unlikely to fully recover from the war-driven selloff because, even

US carmakers say proposed EU rules could block large pickup trucks from Europe

U.S. carmakers say rules under consideration by Brussels could keep full-size pickup trucks including the Ford F-150, the Chevy Silverado and the

FedEx trucking spinoff targets 2026 operating margin of 12%

FedEx Freight, the trucking company separating from the overnight delivery firm this summer, is expected to report an operating margin of 12%

Trump says US-Iran talks will be behind closed doors

U.S.

Protests over high fuel costs clog Dublin, other Irish cities for second day

Protesters calling for further government help to lower the cost of fuel clogged up busy thoroughfares and motorways with parked

Bangladesh seeks more fuel from India as neighbours repair ties

Bangladesh on Wednesday sought to increase fuel purchases from India, as foreign minister Khalilur Rahman made the new government's first ministerial visit to New

Citigroup says AI helps speed account openings and systems upgrades

Citigroup is using artificial intelligence to speed up account openings and the retirement of old software, the U.S. bank's head of technology, Tim

US bank profits to rise on deals, but Iran war fuels outlook uncertainty

Large U.S. banks are set to post higher quarterly earnings on strong interest income and investment banking fees, analyst estimates show, though investors will

IMF, World Bank and UN food agency say war is increasing food prices, insecurity

The World Bank, International Monetary Fund and the U.N.

Lufthansa cabin crew union calls one-day strike in Germany

Lufthansa faces a one-day strike this week, the airline's third labor disruption in two months.

Shippers seek clarity on Hormuz passage as Iran issues fresh warnings

Shippers on Wednesday said they needed more clarity on the terms of the U.S.-Iran ceasefire before resuming transit through the

Ex-Rio Tinto CEO's deep-sea mining firm to merge with Odyssey in $1 billion deal

A deep-sea mining firm led by former Rio Tinto CEO Tom Albanese will merge with Odyssey Marine Exploration in a $1 billion all-stock deal aimed at building one

Delta hits brakes on growth plans as fuel spike reshapes airline economics

Delta Air Lines on Wednesday pulled all planned capacity growth for the current quarter and forecast profit below Wall Street

Trump pushes for Strait of Hormuz reopening without tolls, White House says

President Donald Trump wants to see the Strait of Hormuz open up for oil tankers and other traffic without any limitations, including tolls, White

Traders place large $950 million bet on oil price falling hours ahead of ceasefire

Investors placed an approximately $950 million bet on oil prices falling just hours before the U.S. and Iran announced a

US SEC taps Gibson Dunn attorney to be new enforcement director

The U.S.

UN envoy in Iran to support 'durable' end to conflict

U.N.

Panama asks China for respect after ship detentions tied to ports ruling

Panama's top diplomat on Wednesday said a rise in inspections and detentions of Panama-flagged vessels in China stemmed from a

US pump prices to stay elevated despite US-Iran ceasefire deal, market observers say

U.S. consumers will continue to pay high prices to fill up their vehicles or purchase airplane tickets through the peak summer travel season, several

Fed's Daly says US economic fundamentals in a 'good place'

San Francisco Federal Reserve President Mary Daly on Wednesday said the U.S. economy is fundamentally in a "good place" despite sharply higher oil prices from the

Berkshire-owned PacifiCorp utility wins ruling that could reduce Oregon wildfire damages

An appeals court on Wednesday ruled in favor of Berkshire Hathaway's PacifiCorp unit over a series of Oregon wildfires in 2020, saying a trial judge erred in

Paraguay president taps Oscar Lovera as economy minister

Paraguay's President Santiago Pena on Wednesday appointed Oscar Lovera as the South American nation's new economy and finance minister, the government said in a statement

Canada's Carney on verge of majority government after another opposition member joins ruling Liberals

A Canadian opposition legislator defected to the ruling Liberal Party on Wednesday, leaving Prime Minister Mark Carney on the verge of a

Wall Street hits a record as S&P 500 continues its 2-week rally on hopes for an end to the Iran war

U.S. stocks have hit a record following their big rally over the last two weeks

Meta unveils first AI model from costly superintelligence team

Meta Platforms on Wednesday unveiled Muse Spark, the first artificial intelligence model from a costly team it assembled last year to catch up with

Dollar falls as US-Iran ceasefire sparks relief rally for risk assets

The dollar sank to its lowest level in a month against a basket of major currencies on Wednesday after the U.S. and Iran agreed to a two-week ceasefire

US banks could release $320 billion in capital with new draft rules, analysts say

Big U.S. banks may be able to release up to $320 billion in capital under revised draft rules unveiled by regulators last month, Morgan Stanley

Italy’s Serie A soccer league sounds out private equity for stake in overseas media unit, sources say

Italy’s Serie A soccer league has sounded out private equity investor interest for a minority stake in its international media

Indiana suspends gas tax for 30 days amid rising prices

Indiana on Wednesday became the second U.S. state to suspend its gas tax amid the ongoing U.S.-Israeli conflict with Iran. 

Southwest to fly wine for free in rare perk as airline fees rise

Southwest Airlines will fly wine for free from parts of the U.S.

Fed rate cut bets revived, a bit, by Iran war ceasefire

Federal Reserve policymakers may consider cutting interest rates later this year now that an agreement for a two-week ceasefire in the Iran conflict has eased

Mexico Senate confirms North America diplomat Velasco as foreign minister

Mexico's Senate confirmed Roberto Velasco, the current undersecretary for North America, to be the new foreign ministry, assuming the role at a pivotal

Fed minutes show growing openness to rate hikes at March meeting

A growing group of Federal Reserve policymakers felt last month that interest rate hikes might be needed to counter inflation that continued to

Stocks surge, oil dives below $100 as Iran ceasefire sparks relief rally

Oil futures sank below $100 a barrel while equity and bond prices rallied sharply on Wednesday after the United States

Trading Day: Markets gorge on huge TACO

World markets soared on Wednesday and oil had its biggest fall in five years, as investors gave a hearty welcome to the ceasefire in the Iran

Caterpillar CFO Andrew Bonfield to retire, names company veteran as successor

Caterpillar said on Wednesday that finance chief Andrew Bonfield will retire in October, and named company veteran Kyle Epley as his successor.

S&P and Nasdaq hit record highs, continuing remarkable recovery from war shock

S&P and Nasdaq hit record highs, continuing remarkable recovery from war shock

Allbirds, a former Wall Street darling fallen on hard times, looks to AI for its future

Allbirds, the eco-friendly shoe brand that was once a Wall Street darling and found its way onto the feet of tech CEOs and movie stars, is pivoting to artificial intelligence

European shares pull back as fragile US-Iran truce weighs on sentiment

European shares retreated on Thursday, after their strongest rally in over four years, as investors remained wary about a fragile U.S.-Iran

Senate committee delays Fed nominee's hearing, Punchbowl reports

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

US team heads to Iran talks in Pakistan with low expectations

A U.S. team led by Vice President JD Vance left for Islamabad on Friday for weekend talks with Iran, even as both sides accused each

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

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

Oil tankers steer clear of Hormuz ahead of US blockade

Two Iranian-linked tankers exited the Gulf on Monday as other vessels began avoiding the Strait of Hormuz after the U.S. said

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

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

China's vice commerce minister meets Ford executive, urges deeper market presence

China's Vice Commerce Minister Li Chenggang met a senior Ford executive in Beijing this week, urging the U.S. automaker to deepen its presence in the Chinese market,

Victory Giant's $2.2 billion Hong Kong listing seen pricing at top on demand, sources say

China's Victory Giant is expected to price its Hong Kong share offering at the top of a range at HK$209.88 per share, raising HK$17.5 billion ($2.2

Back to business

What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets Global stock markets are largely back near pre-war levels and Wall

Netflix to refocus on ads, content after failed Warner Bros bid

Investors will look for Netflix to emphasize content spending and ad business growth as key drivers when it reports quarterly earnings

Las Vegas business owners, drivers lament ongoing impact of high gas prices

Las Vegas business owners, drivers lament ongoing impact of high gas prices

Carmakers navigating the costly and tricky transition to battery storage systems

Carmakers and battery companies facing a weak U.S. market for electric vehicles are scrambling to repurpose battery factories

Trump's budget director defends White House plan for massive boost in military spending

President Donald Trump’s budget director is telling Congress that it'll take a massive upfront investment to ramp up U.S. weapons production and build more ships, planes and drones

Japan offers $10 billion support to help Asian neighbours secure oil

Japan said on Wednesday it would establish a financial framework worth about $10 billion to help Asian countries procure energy

Dollar sheds bulk of Iran war premium, but few expect a sharper drop

The U.S. dollar has given back most of the gains sparked by the Iran war, as a tentative ceasefire revived appetite for riskier currencies, but

Investors size up landmark new chapter for Hungary post-Orban

Investors are banking on a positive new chapter for Hungary as incoming Prime Minister Peter Magyar insists there is no time to waste following his

Silver faces sixth year of deficit with stock drawdown raising squeeze risks, research shows

The silver market is heading for a sixth year of structural deficit, with 762 million troy ounces drawn from stocks since 2021, raising the risk of a renewed liquidity

Trump backs government AI safeguards in banking system, acknowledges risks

U.S.

US Treasury asks private credit firms for data, Punchbowl News reports

The U.S.

China's Xi calls for strategic clarity, political security with Vietnam

China and Vietnam should maintain high strategic clarity and prioritise political security, Chinese President Xi Jinping told his

Robots, drones could slash global food delivery costs to $1 per order, Barclays says

Autonomous food delivery robots and drones could cut costs by several dollars to as low as $1 per order, a shift that could unlock billions of dollars in profits for

Tigers and rookie Kevin McGonigle agree to an $150 million, 8-year contract starting in 2027

Detroit Tigers rookie Kevin McGonigle has agreed to a $150 million, eight-year contract starting in 2027

Recruiter Robert Walters posts smaller fee drop as hiring improves

Recruitment firm Robert Walters on Wednesday posted a narrower drop in first-quarter net fees following double-digit quarterly declines for nearly three years,

Economic growth will be slower this quarter amid war, US Treasury chief says

U.S.

Australia to raise defence spending to 3% of GDP by 2033

Australia on Wednesday said it would raise defence spending to 3% of gross domestic product by 2033 from about 2% currently, in response to the most "

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

Japan's

Volkswagen's China boss warns of fierce competition in slowing market

Volkswagen is bracing for even tougher competition in China, where the world's largest car

India's trade deficit shrinks in March as US export surge offsets Mideast hit

India's merchandise trade deficit unexpectedly narrowed in March as a surge in exports to the U.S. helped cushion the impact of the

Regional Fed banks may be key front in battle for central bank's independence

San Francisco Federal Reserve President Mary Daly wasn't elected by popular vote, wasn't chosen by an elected official

Bank of America beats profit estimates as trading, investment banking shine

Bank of America beat estimates for first-quarter profit, as heightened market volatility pushed revenue from equities trading to a

Trump administration ends lease for consumer protection bureau's headquarters, records show

The U.S.

Fed's Hammack: Rates likely on hold 'for a good while' - CNBC

By Michael S.

Wall Street opens higher with earnings in focus

Wall Street's main indexes opened higher on Wednesday as investors assessed the latest developments in the Middle East and a raft of corporate earnings, while awaiting remarks

BYD shuns price war in South Africa to build EV brand

Chinese electric vehicle maker BYD is deliberately avoiding a price war in South Africa as competition ramps up in the continent's second biggest

PIMCO's investment chief doesn't see systemic risk from private credit

The private credit market does not pose a systemic risk to the wider financial system, bond giant PIMCO's group chief investment officer Daniel Ivascyn

US home builder sentiment drops to seven-month low in April, NAHB survey says

U.S. homebuilder sentiment deteriorated in April, hitting a seven-month low as the war with Iran led to higher prices for materials and mortgage rates as well as

UN development chief says $6 billion investment could save 32 million people from war-induced poverty

Investing just $6 billion into targeted cash payments or energy subsidies to offset energy prices sent soaring by the war in the

Snap to cut 1,000 jobs after activist pressure, bets on AI efficiency

Snap will lay off about 1,000 employees, including 16% of full-time staff, the company said on Wednesday, becoming the latest tech firm to shift toward leaner

American Eagle rallies again after launching second Sydney Sweeney campaign

American Eagle Outfitters shares jumped on Wednesday after the denim retailer unveiled a second campaign with "Euphoria" star Sydney Sweeney, a year after a viral and

US can't wait forever to bring down fiscal deficits, IMF says

The United States needs to reduce its fiscal deficit by about four percentage points of GDP from the current level of 7% and needs a robust, credible plan to do so,

Nutella maker Ferrero says it is undergoing EU inspections amid antitrust investigation

Nutella maker Ferrero said on Wednesday it is aware that European Commission officials are currently carrying out on-site inspections at its offices, following reports that

Pizza chains Papa John's and Pizza Hut edge closer to finding new owners, sources say

Two of America's most popular national pizza chains are edging closer to selling to new owners as stiff competition,

Standard Life strikes $2.7 billion deal to buy Aegon's UK arm

Standard Life has agreed to buy Dutch rival Aegon's UK business for 2 billion pounds ($2.7 billion), the companies said on Wednesday,

Jane Street signs $6 billion AI cloud deal with CoreWeave, boosts stake

Trading firm Jane Street has committed about $6 billion for CoreWeave's cloud services, marking the third major deal for the Nvidia-backed cloud company in a week and underscoring

Why is Sudan at war, and what is the impact?

The war in Sudan entered its fourth year on April 15 overshadowed by other regional and global turmoil, despite having created what the United Nations calls the world's worst

Allbirds shares jump over 400% on plans to pivot to AI from sneakers

Shares of Allbirds surged more than five-fold on Wednesday after the footwear maker said it was raising capital and pivoting towards AI computing infrastructure.

Germany is not taking part in the Iran war, but it is feeling its effects, Finance Minister says

Although Germany is not involved in the Iran war, the country is feeling its economic impact directly, German Finance Minister Lars Klingbeil said

Robinhood, Webull jump after US SEC approves removal of day-trading limit for smaller investors

Shares of retail trading platforms Robinhood and Webull surged on Wednesday after the U.S.

Big ad agencies settle US FTC probe into alleged boycott over political content

Three large advertising agencies settled a U.S.

S&P 500, Nasdaq push to closing records on optimism around Middle East talks, earnings 

On Wall Street, the benchmark S&P 500 and tech-heavy Nasdaq Composite rallied to record closing highs on Wednesday as investors were encouraged

US import prices increase below expectations; sharp rise anticipated due to Iran war

U.S. import prices increased less than expected in March, though the trend still pointed to firming imported inflationary pressures as the Middle

Leftist Sanchez in line for Peru runoff as vote count goes down to the wire

Leftist Peruvian congressman Roberto Sanchez shifted into second place in a presidential vote tally heading down to

Europe facing jet fuel crunch sees record inflows from US, Nigeria

Europe is seeing record inflows of jet fuel from the United States and Nigeria, data from Kpler and LSEG showed, as it seeks to shore up supplies due to

Bessent says he is optimistic Warsh will be Fed chair 'on time'

U.S.

Colombia court orders Petro government to return emergency funds

Colombia's Constitutional Court ordered President Gustavo Petro's government on Wednesday to return funds collected during an economic emergency that was declared

Morgan Stanley's profit beats estimates on record trading revenue, dealmaking boost

Morgan Stanley beat Wall Street expectations for first-quarter profit on Wednesday, as the investment bank benefited from a surge in

Dollar drifts as investors gauge odds for renewed US-Iran peace talks

The U.S. dollar edged lower on Wednesday and was fluctuating narrowly on either side of unchanged throughout the day as investors assessed the

UBS vows to fight for business model as Swiss capital debate heats up

UBS Chairman Colm Kelleher warned on Wednesday that proposed Swiss capital requirements threatened its business model and would do little to

Tax enforcement weakened after Trump job cuts, IRS data shows

The Trump administration dramatically reduced efforts to pursue tax cheats in 2025, government data shows, shedding tens of thousands of employees at

Wall Street still betting on 2026 deal boom, but Middle East unrest adds caution

Wall Street's biggest banks still expect 2026 to be a strong year for dealmaking, although turmoil in the Middle East

L3Harris announces $1.27 billion expansion project at Virginia site

L3Harris Technologies and Virginia Governor Abigail Spanberger said on Wednesday the defense supplier will invest $1.27 billion to further the solid rocket motor production

ECB policymakers see little evidence for now for April hike, sources say

European Central Bank policymakers are wary about raising interest rates as soon as this month as they have yet to see firm evidence that an energy-

Arizona town facing water issues as city implements severe restrictions

Arizona town facing water issues as city implements severe restrictions

Stocks hit records, oil steadies as Trump says Iran war 'close to over'

Wall Street's stock benchmark S&P 500 and tech-heavy Nasdaq closed at record highs as hopes for a cooling of U.S.-Iran tensions and strong earnings

Walmart redesigns its 'Great Value' private label brand

Walmart said on Wednesday it is redesigning its private-label brand "Great Value" as price-conscious shoppers increasingly opt for cheaper store-brand products.

PNC Financial raises annual interest income forecast after strong first-quarter loan growth

U.S. bank PNC Financial raised its annual interest income forecast on Wednesday after recording better-than-expected loan growth in the first quarter, as

Netherlands to spend nearly $300 million euros on drones for Ukraine

The Netherlands will spend 248 million euros ($293 million) on producing drones for Ukraine, Dutch Defence Minister Dilan Yesilgoz-Zegerius said on Wednesday.

Israel inflation eases to 1.9% but unlikely to entice rate cut amid Iran conflict

Israel's annual inflation rate moved back below 2% in March but the decline will likely have little impact on near-term interest rate decisions due to

Argentina reaches IMF staff deal, opening door to $1 billion in fresh funds

Argentina reached a staff-level agreement with the International Monetary Fund on the second review of its $20 billion program, the IMF said on Wednesday,

Two Sigma, D.E. Shaw join Wall Street push against US SEC's bid to relax quarterly reporting

Two Sigma Investments and D.E.

IMF chief says 12 or more countries seeking loans to cope with Middle East war energy shock

The International Monetary Fund expects at least a dozen countries to seek new loan programs to cope with surging energy prices and

Thailand yet to decide on whether it will lift internal debt ceiling - Finance Minister

Thailand has not yet decided whether it will increase its internal ceiling on a key debt ratio, Finance Minister Ekniti Nitithanprapas said on Wednesday.

S&P 500 closes at fresh record, recovering all losses since start of US-Iran war

The S&P 500 closed at a new record high Wednesday, its first since the U.S.-Iran conflict began, as hopes of a de-escalation in the war and robust earnings expectations drew

Morgan Stanley eyes capital relief as lobbying push pays off

Morgan Stanley's capital requirements will remain flat or fall modestly under an overhaul of the U.S. capital regime, its Chief Financial Officer

IMF cautions countries against broad fuel subsidies to deal with war-driven energy shock

The war in the Middle East has intensified strains on an already fragile global fiscal situation, with higher interest rates and rising energy prices

Finance ministers, stung by hit to economies, call for full Iran war ceasefire

Finance ministers from almost a dozen countries led by Britain called on the U.S., Israel and Iran to implement their ceasefire in full on

Ukraine's Zelenskyy pursues more arms deals with allies to defend itself against Russia

Ukrainian President Volodymyr Zelenskyy says his country's top priority is securing help to buy and build more air defense systems

OpenAI will reserve portion of IPO shares for retail investors, CFO tells CNBC

OpenAI plans to reserve a portion of its shares from an initial public offering for individual investors, CFO Sarah Friar told CNBC on Wednesday, as the ChatGPT maker gears up for

Walmart is repackaging its Great Value brand to reflect changing consumer habits

Walmart is redesigning the packaging of its Great Value products to make them more appealing to customers and to help shoppers spot nutritional information more quickly

Oil tumbles below $100 after Trump announces two-week ceasefire

Oil plummeted on Wednesday, falling below $100 a barrel, on hope of the Strait of Hormuz reopening after U.S.

Prosecutors sought access to Federal Reserve building as Trump threatens to fire Powell

Federal prosecutors made an unannounced visit this week to a construction site at Federal Reserve headquarters that is the focus of an investigation into a $2.5 billion renovation project, according to two people familiar with the visit

World Bank trims Latin America growth estimate for 2026

The World Bank trimmed its estimate for economic growth in Latin America and the Caribbean for 2026, citing the region's long-standing structural

UK investment industry calls for clearer risk rules to encourage everyday investors

Britain’s financial regulator must amend rules governing how investment-risk warnings are presented or retail investors will continue to

Greek PM says tolls for ships to cross Hormuz would be unacceptable, a risk to freedom of navigation

Greek Prime Minister Kyriakos Mitsotakis said on Wednesday it would be unacceptable for ships to have to pay a fee to cross the Strait of Hormuz as Iran has suggested, and

US court declines to block Pentagon's Anthropic blacklisting for now

A Washington, D.C., federal appeals court on Wednesday declined to block the Pentagon's national security blacklisting of AI company Anthropic for now, a

Venezuela's Rodriguez announces 'responsible increase' to wages from May

Venezuela's Acting President Delcy Rodriguez said on Wednesday her government will make a "responsible increase" to workers' income on May 1, as her administration looks to

Disney plans to cut 1,000 jobs, WSJ reports

Walt Disney is planning to cut as many as 1,000 positions in the coming weeks, many of which will be made in the company's marketing department, the Wall Street Journal reported on

Wall Street ends sharply higher on US-Iran ceasefire

U.S. stocks closed sharply higher on Wednesday after a last-minute, two-week ceasefire agreement between the United States and Iran

BofA's trading desk avoided a single daily loss in Q1 amid market turmoil

Recent market volatility, partly due to the War in Iran, continues to boost Wall Street profits

Trump administration cannot nix legal status of 5,000 Ethiopians, US judge rules

A federal judge on Wednesday halted a move by U.S.

Foreign investors pour $18.65 billion into Japanese stocks on return after three weeks

Japanese stocks witnessed a huge influx of foreign funds in the week through April 4, a turnaround from three successive weeks of selling, with investor sentiment stabilizing ahead

Trump's abrupt Iran reversal exposes limits of his leverage

Donald Trump's dramatic climbdown from his chilling threat to wipe out Iran's civilization has exposed the limits

Singapore expected to tighten monetary policy as energy crisis fans inflation

Singapore is poised to tighten monetary policy at a review next week, with the Middle East war driving up energy prices, stoking inflation and darkening

BHP's incoming CEO met with Chinalco boss in China this week

BHP Group's incoming CEO, Brandon Craig, met with the chairman of Chinalco in Beijing this week and discussed further cooperation, the Chinese aluminium giant said on

Lawyer says guards beat and pepper-sprayed detainees at Florida's 'Alligator Alcatraz'

A lawyer says guards severely beat and pepper-sprayed detainees at a state-run immigration detention center known as “Alligator Alcatraz” in the Florida Everglades

UK to call for toll-free Strait of Hormuz, wants Lebanon in ceasefire deal

British Foreign Secretary Yvette Cooper will say on Thursday that shipping through the Strait of Hormuz, which carries around a fifth of the world's oil and gas, must be toll-free,

BOJ chief says Japan's financial conditions remain accommodative

Bank of Japan Governor Kazuo Ueda said on Thursday real interest rates are clearly negative and keeping the country's financial conditions accommodative.

Goldman Sachs lowers second-quarter 2026 oil price forecasts

Goldman Sachs trimmed its second‑quarter 2026 forecasts for Brent and U.S. crude to $90 and $87 a barrel, respectively, late on Wednesday, after the U.S. and Iran agreed on a two-

German exports rise more than expected in February

BERLIN, April 9 - German exports rose more than expected in February, increasing by 3.6% compared with the previous month, data from the federal statistics office showed on Thursday.

There's a Gulf between market hopes and reality

A look at the day ahead in European and global markets from Wayne Cole. It's the day after and reality is intruding into market hopes of peace and prosperity in the Middle East.

China's March bank lending seen surging on post-holiday rebound: Reuters poll

Chinese banks likely extended significantly more new loans in March than in February, according to a Reuters poll on Thursday, driven by improved

STOXX 600 logs best day in over 4 years as Iran truce fuels relief rally (April 8)

(Corrects headline and paragraph 2 in news item dated April 8 to say STOXX 600 posts biggest one-day gain in more than four years, not in a year.)

As ties warm, Vietnam's top leader schedules China visit

Vietnam's top leader To Lam will visit China next week, Chinese state news agency Xinhua said on Thursday, as ties between the two nations continue to warm.

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

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

Seven & i delays listing of North America business

Seven & i Holdings said on Thursday it has pushed back the timing of the listing of its North American operations to the financial year starting April 2027 or later, rather

German industrial output fall points to weak quarter, economists say

German industrial production fell unexpectedly in February, with economists saying the weakness pointed to disappointing first quarter for Europe's

Millions vote as India begins series of state elections

Millions of Indians queued to vote in local elections in two states on Thursday, kicking off four key contests this month amid a war in the Middle East that has

Lucky Strike maker BAT brings back former executive to fill CFO role

British American Tobacco named Dragos Constantinescu as its chief financial officer on Thursday, bringing back a former executive who had spent 16 years at the tobacco giant before

Glencore, Taiwan refiner book tankers to load Middle East oil after ceasefire

Commodities trader Glencore and Taiwan's state refiner CPC have chartered a tanker each to load Middle Eastern crude

Italy says EU should consider pausing budget rules if Iran crisis persists

European Union authorities should consider a temporary suspension of budget deficit rules if the U.S.-Israeli war against Iran flares up again, Prime Minister Giorgia Meloni

Japan's consumer mood worsens as Iran war clouds chance for April rate hike

Japan's consumer confidence worsened in March at a pace unseen since the COVID-19 pandemic in 2020, a government survey showed, swelling the toll on a

China hopes 'relevant parties' can grasp chance at peace in Iran war

China's foreign ministry said it hoped the "relevant parties can grasp this chance at peace and bring the region back to stability as soon as possible" after the U.S. and

Relief rally hits pause

A look at the day ahead in U.S. and global markets by Amanda Cooper Wednesday’s relief rally looked fragile heading into Thursday, as the recently agreed two‑week

Mercedes Q1 sales down in tough 'transition year' for China business

Mercedes-Benz reported a sales slump at the start of 2026 as the tough Chinese market continued to pressure the German premium carmaker during an overhaul of its model

India to grow at 6.6% in FY27, says World Bank; risks from West Asia crisis persist

India's expected economic growth of 6.6% for fiscal 2027 could face significant risks as the Iran war fans inflation

As Trump claims victory, Iran emerges bruised but powerful with leverage over Hormuz

Nearly six weeks of war in Iran have ended, for now, with President Donald Trump claiming victory, but the U.S.-Iran ceasefire locks in a harsh reality: an

Italy working to restore freedom of navigation in Hormuz, Meloni says

Italian Prime Minister Giorgia Meloni said on Thursday that restoring freedom of navigation in the Strait of Hormuz was of vital interest

Trump threatens 50% tariffs on countries supplying Iran with weapons

U.S.

US container imports down 1% in March, Descartes says

U.S. container import volumes fell 1.1% in March from last year, supply chain technology provider Descartes Systems Group said on Thursday.

China's car exports accelerate despite disruption from Mideast crisis

Car exports, an increasingly important source of growth for China's hyper-competitive auto sector, picked up pace in March despite shipment disruptions from the crisis in

Italy pledges emergency funds to reopen rail, motorway after landslide on key Adriatic corridor

Italy's government moved on Thursday to limit disruption from a major landslide that cut rail and motorway links along a key north-south transport corridor, declaring a state

Dubai’s DAE and Blackstone launch $1.6 billion annual aircraft leasing programme

Dubai Aerospace Enterprise and Blackstone Credit and Insurance have agreed to launch a joint aircraft leasing investment programme targeting annual deployment

Tesla is developing a new smaller, cheaper EV, sources say

Tesla is developing an all-new smaller, cheaper electric SUV, four people familiar with the matter told Reuters.

Gulf states eye cheap Ukrainian interceptor drone as Iranian attacks drain missile stocks

Gulf states including Saudi Arabia and the UAE are exploring a $2,500 Ukrainian-designed interceptor drone as a cheaper way to counter Iranian

Airline and travel industries see no immediate relief from Iran ceasefire

U.S.

IMF strikes staff-level deal with Sri Lanka on $700 million in funding

The International Monetary Fund reached a staff-level pact with Sri Lanka, which will unlock financing of about $700 million once approved, the lender said on

Over 1 million Sudanese refugees in Chad face drastic aid cuts, UN says

More than a million Sudanese refugees face drastic cuts in life-saving aid such as food and water unless donors fill a funding shortfall of over $400 million,

Uniqlo-owner Fast Retailing flags record year after strong quarter

The Japanese owner of clothing brand Uniqlo raised its full-year forecast on Thursday, flagging another record year, as international growth produced a

Iran war doubles Russia's main oil revenue to $9 billion in April, Reuters calculations show

Russia will see revenue from its biggest single oil tax double to $9 billion in April due to the oil and gas crisis triggered by the U.S. and Israeli attack on Iran,

Arm CEO Haas in line to lead much of parent SoftBank's international business, FT reports

Rene Haas, the CEO of chip designer Arm, is in line to lead much of parent SoftBank's international business while keeping his current role at Arm, the Financial Times reported on

Constellation Brands posts smaller‑than‑expected quarterly sales drop on steady Mexican beer demand

Corona beer maker Constellation Brands posted a smaller-than-expected drop in fourth-quarter sales on

US property purchases in Spain rise as Americans seek high-end homes

Home purchases in Spain by U.S. citizens rose 3% last year, even as total foreign purchases dipped, with real estate agents citing concerns over President

WHO says vaccinations save millions in Africa, but US aid cuts and Iran war threaten progress

The World Health Organization says vaccination programs across Africa have saved more than 50 million lives over the past five decades, but progress is slowing in some countries

Wall St futures little changed after inflation data

U.S. stock index futures were little changed on Thursday as investors assessed an in-line inflation reading and its impact on the Federal Reserve's monetary policy path.

Japan watchdog checks banks' private credit exposure amid global strains, source says

Japan's financial regulator has been conducting checks on private credit exposure at major financial institutions, a source told Reuters

Mitsui O.S.K. awaits safety clarity, government guidance to move vessels from the Gulf, CEO says

Japan's Mitsui O.S.K.

OpenAI projects $2.5 billion in ad revenue this year, $100 billion by 2030, Axios reports

ChatGPT maker OpenAI expects to generate $2.5 billion in advertising revenue this year, with projections to reach $100 billion by 2030, Axios reported on Thursday, citing a source

Kia delays launch of software-focused cars, unveils big hike to investment plans

South Korea's Kia Corp said on Thursday it had delayed plans to build "software-defined vehicles" by about one year to 2028, and announced a

Brazil to release $1.37 billion from severance fund for 10 million workers, O Globo reports

Brazil's government will release 7 billion reais ($1.37 billion) from the workers' severance fund FTGS to benefit around 10 million workers, news outlet O Globo reported

BlackBerry forecasts upbeat quarterly revenue, says turnaround complete

BlackBerry on Thursday forecast first-quarter revenue above estimates, as the Canadian software company's turnaround gains traction on the back of strong demand

Polestar CEO talks up used-car market as higher fuel prices spur shift to cheaper EVs

Polestar CEO Michael Lohscheller said on Thursday used-car sales were exceeding those of new vehicles, as a jump in gasoline and diesel prices

After criticizing the pope, Trump slams Italy's Meloni over lack of support for Iran war

Italian Premier Giorgia Meloni's relationship with U.S. President Donald Trump appears strained

BBC will cut up to 2,000 jobs to reduce costs by about 10%

The BBC plans to cut up to 2,000 jobs to save 10% of its annual budget

‘Textbook blasphemy’: Notre Dame students surprised and dismayed by Trump’s feud with Pope Leo

‘Textbook blasphemy’: Notre Dame students surprised and dismayed by Trump’s feud with Pope Leo

White House confident Warsh will lead Fed in May

White House economic adviser Kevin Hassett said on Thursday that he was confident Kevin Warsh would start as Federal Reserve chairman in May and that he did not expect

Wall St opens muted over fragile Mideast truce; inflation data parsed

Wall Street's main indexes opened muted on Thursday after rallying in the previous session, as cracks emerged in the fragile Middle East ceasefire, while investors parsed through

US fourth-quarter GDP growth revised lower to a 0.5% rate

U.S. economic growth slowed more than previously estimated in the fourth quarter amid downgrades to business investment, including inventory accumulation, but corporate

Chevron sees Iran war oil boost, warns hedging to weigh

Chevron said on Thursday it expected first-quarter upstream earnings to rise between $1.6 billion and $2.2 billion from the previous quarter, fueled by higher oil

US faces demand to restore $350 million in federal funding to help power Puerto Rico

Nearly 200 organizations are urging the Trump administration and Puerto Rico’s governor to restore $350 million in federal funding that was meant to finance the installation of rooftop solar and battery systems for 12,000 low-income families across the U.S. territory

Chinese foreign minister visits Pyongyang to advance relations

Beijing stands ready to work with North Korea to further improve ties, Chinese Foreign Minister Wang Yi told his North Korean counterpart on Thursday during a visit to

Patients scramble to find estrogen patches as shortage worsens after US FDA champions use

A surge in demand since last year for estrogen patches to ease menopause symptoms has strained supplies and led to shortages, sparking a scramble

Drone maker AEVEX eyes $2.35 billion valuation in US IPO

Drone maker AEVEX said on Thursday it was targeting a valuation of up to $2.35 billion in its U.S. initial public offering, the latest defense firm looking

Whitestone REIT to be taken private by Ares in $1.7 billion deal

Whitestone REIT will be acquired by funds managed by Ares Management Corp in an all-cash deal, valuing the U.S. shopping center owner at about $1.7 billion, the

FedEx reaches tentative wage deal with pilots after years of talks

FedEx and a union representing more than 5,000 of its pilots reached a tentative deal on Wednesday, paving the way for wages increases after years of negotiations.

US wholesale inventories post biggest increase in 13 months

U.S. wholesale inventories increased by the most in 13 months in February, boosted by sharp rises in the stocks of professional and electrical equipment, government

Kremlin says Russia has right to defend itself from 'piracy' after report of warship escort near UK

The Kremlin said on Thursday that Russia had the right to defend itself from what it called piracy after a British newspaper reported that a Russian navy frigate had

UniCredit says control of Commerzbank would trigger bid for Poland's mBank

UniCredit said acquiring control of Commerzbank would obligate it to bid for the roughly 30% of Poland's mBank that Commerzbank does not already own,

US FAA proposes fining American, Southwest over alleged drug, alcohol violations

The U.S.

Cash-strapped US Postal Service suspends contributions to pension plan

The U.S.

Brazilian court removes BYD from list of firms linked to forced labor

A Brazilian court has issued an injunction removing Chinese automaker BYD from a government list of firms accused of employing workers in slavery-

Brazil eyes strict budget curbs and tax‑break limits in 2027, Mello says

Brazil will keep trimming its budget this year despite elections and will likely turn in 2027 to an unprecedented use of stricter

Meta, CoreWeave deepen AI cloud partnership with fresh $21 billion deal

Meta Platforms is deepening its CoreWeave partnership with a fresh $21 billion deal for additional cloud computing capacity, as it rushes to catch up with rivals

Allbirds shares soar on a very 2026 pivot to AI

Allbirds shares soar on a very 2026 pivot to AI

VW to stop making its top electric vehicle in the US 

Volkswagen said on Thursday it will end production of the ID.4 electric SUV out of its Tennessee plant this month, citing a challenging time for the U.S.

Iranian delegation to reach Islamabad Thursday, Iran's ambassador to Pakistan says

An Iranian delegation will arrive in Pakistani capital Islamabad on Thursday night for talks to resolve conflict with the U.S. and Israel, Iran's ambassador to Pakistan

Hungary's election could end Orban era and reshape its place in Europe

Viktor Orban, uniquely endorsed by both U.S.

Airbus delivers 60 aircrafts in March

Airbus delivered 60 aircrafts in March, bringing first-quarter deliveries to 114 jets, down 16% from the same point last year, the European planemaker said on Thursday.

Olympics-LA28 opens Olympic ticket sales globally after strong local presale

Ticket sales for the 2028 Los Angeles Olympics opened globally on Thursday after what organizers said was a record-setting first week of local presales,

US fertility rates drop to record low in 2025 as births fall

The U.S. fertility rate hit a record low last year, extending a nearly two-decade decline, provisional data from the Centers for Disease Control and Prevention

US software stocks slump on renewed AI disruption jitters

U.S. software shares tumbled on Thursday as fears over disruptions from advances in AI returned to the forefront following a recent update

Amazon CEO reveals AI revenue, dismisses spending doubts in annual letter

Amazon's AI services at its cloud-computing unit are generating annualized revenue of more than $15 billion, CEO Andy Jassy said, the first time the company

North American pension funds stick with private credit bets

Several big North American pension systems are standing by their private credit holdings even as the sector faces choppy waters, a sign of both the

IMF's Georgieva expects war to trigger demand for up to $50 billion in Fund support

International Monetary Fund chief Kristalina Georgieva on Thursday said the global lender expected near-term demand for IMF financial support to rise

Italy sees slower GDP growth due to high energy costs, economy minister says

Italy is preparing to cut its GDP growth estimates to factor in the negative impact of rising energy prices, Economy Minister Giancarlo

US spirits maker Sazerac explores deal with Jack Daniel's owner, WSJ reports

Privately held U.S.-based alcoholic beverage maker Sazerac is exploring a deal with Jack Daniel's maker Brown-Forman, the Wall Street Journal reported on Thursday, citing people

Amazon to stock Lilly's new weight-loss pill at US kiosks, offer same-day delivery

Amazon.com said on Thursday its pharmacy unit will stock Eli Lilly's new weight-loss pill at kiosks located at some of the company's primary care clinics

Central banks must balance energy inflation with demand softening, IMF's Georgieva says

Central bankers must be prepared to tighten monetary policy to avoid an inflationary spiral if war-driven energy price shocks are

American Airlines set to resume US flights to Venezuela as soon as April 30

American Airlines said on Thursday it aims to resume flights to Venezuela as soon as April 30 after winning approval from the U.S.

Carlyle's private credit flagship fund latest target of investor exodus

Investors have asked to pull more than 15% of their assets from Carlyle's flagship private credit interval fund, the group said in a

US ETF assets under management to more than double to $25 trillion by 2030, Citigroup says

Assets under management for U.S. exchange-traded funds could more than double to $25 trillion by the end of this decade, Citigroup said on Thursday, as

IMF's Georgieva says finalizing quota review would ensure 'scary' lending firepower

The International Monetary Fund needs to complete the 16th quota review approved in 2023 to ensure that it has "scary" financial

Iran war raises demand for US fuel, boosting Gulf Coast refining margins

U.S.

Mexico inflation spikes in March, fueling debate within divided central bank

A rift within Mexico's central bank over the future of interest rates was thrown into sharp relief on Thursday, as new

US spirits maker Sazerac explores deal with Jack Daniel's owner, source says

Privately held U.S. drinks maker Sazerac is exploring a deal for Brown‑Forman, according to a source familiar with the matter, potentially emerging as a

WrestleMania is back in Las Vegas after a big showing last year

As WWE gears up for WrestleMania this weekend, the biggest annual event for the professional wrestling organization, data shows that its appearance in Las Vegas last year had an economic impact worth hundreds of millions of dollars

Tesla's lower-cost EV plan seen boosting volume, risking margins

Tesla investors said the company's plan to develop a smaller, lower-cost EV, which was reported exclusively by Reuters, might boost volumes and address slowing

Bessent urges Congress to pass crypto regulation bill

U.S.

Russian special envoy Dmitriev in US, meeting Trump administration members, sources say

Russian President Vladimir Putin's special envoy Kirill Dmitriev is currently in the U.S. and is meeting members of U.S.

Paramount seals debt commitments backing Warner Bros deal

Paramount Skydance has syndicated its bridge loan facility and secured permanent financing from a group of banks for its planned $111 billion acquisition

McKinsey to contribute $125 million to Purdue bankruptcy over opioid sales advice

Consulting firm McKinsey & Co has agreed to contribute $125 million to Purdue Pharma's bankruptcy settlement, resolving potential legal claims over

White House says it warned staff against market bets amid Iran war

The White House warned staff against improperly leveraging their positions to place bets in futures markets in an email on March 24, a day after President Donald Trump ordered a

Dollar struggles to rebound as fragile US-Iran ceasefire keeps markets wary

A fragile calm reigned across currency markets on Thursday as traders kept their eyes fixed on whether the ceasefire between the U.S. and Iran would hold,

Panama president seeks to calm China tensions

Panamanian President Jose Raul Mulino on Thursday sought to calm tensions with China, striking a conciliatory tone a day after his foreign minister

US Postal Service seeks to hike stamp prices to 82 cents

The cash-strapped U.S.

US Treasury yield forecasts creep up, but strategists cling to benign inflation view: Reuters poll

U.S.

Oil pares gains to close up 1% as Israel plans peace talks with Lebanon

Oil prices closed up 1% but settled below $100 for the second straight session on Thursday in volatile trading as a fragile Middle East ceasefire held

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

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

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

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

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

OpenAI pauses UK data centre project over regulation, costs

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

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

U.S.

CarMax settles with activist Starboard with two new board appointments

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

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

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

Trading Day: Ceasefire sends stocks higher

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

US-Iran ceasefire: what we know

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

USA Rare Earth considers building French magnet plant

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

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

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

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

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

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

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

Wall Street ends higher as Middle East peace talks lift sentiment

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

Israel seeks Lebanon talks after bombardments threaten Iran truce

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

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

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

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

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

Venezuela approves mining law to encourage foreign investment

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

US PCE inflation picks up in February; consumer spending solid

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

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

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

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

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

US Republicans block bid to rein in Trump Iran war powers

U.S.

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

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

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

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

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

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

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

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

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

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

China sees first producer inflation in over three years

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

Japan rules out major domestic risks from private credit for now

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

Japan wholesale inflation jumps, BOJ vows vigilance to stagflation risk

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

Apple to shutter its first unionized US store in Maryland

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

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

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

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

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

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

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

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

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