NEW YORK/LONDON -The dollar weakened against major currencies on Friday as the back-and-forth over import tariffs shook investor confidence in the greenback as a safe haven, sending it to its lowest level in a decade against the Swiss franc and…

LIMA -Newly implemented U.S. tariffs will have a moderate impact on Peru’s economy, the chief economist of the Andean nation’s central bank said on Friday. Peru, a major exporter of metals and agricultural commodities to the United States, now faces…

NEW YORK -U.S. Treasury yields were higher on Friday, with 10-year yields on track for their biggest weekly increase in decades as the global trade war raged on, while the U.S. dollar fell to its lowest in a decade against…

SINGAPORE/LONDON – The pain, said Shuntaro Takeuchi, was 10 out of 10. Not in the portfolio of Japanese stocks he runs out of San Francisco, California, but in his appendix. It would have to come out, just as his colleagues…

WASHINGTON – U.S. consumer sentiment deteriorated sharply in April and 12-month inflation expectations surged to the highest level since 1981 amid unease over escalating trade tensions that have roiled financial markets and raised the risk of a recession. The University…

WASHINGTON -Soaring consumer inflation expectations, driven to a level not seen since the early 1980s, coupled with jittery markets and rising U.S. Treasury yields on Friday amplified the Federal Reserve’s dilemma in determining whether the economy is facing a new…

St. Louis Federal Reserve President Alberto Musalem said on Friday he’s closely watching whether a rise in short-term inflation expectations seeps into longer-term expectations, a development that could make fighting inflation a much harder job and reduce the U.S. central…

WASHINGTON – More than one hundred Chinese citizens fighting for the Russian military against Ukraine are mercenaries who do not appear to have a direct link to China’s government, two U.S. officials familiar with American intelligence and a former Western…

WASHINGTON – U.S. and Ukrainian officials met on Friday on a U.S. proposal to gain access to Ukraine’s mineral wealth, a source with knowledge of the matter said, adding that prospects for a breakthrough were scant given the meeting’s “antagonistic”…

WASHINGTON – The World Bank is poised to announce a $12 billion financing package for Argentina on Friday, supplementing the International Monetary Fund’s expected approval of a $20 billion Argentina loan deal, a source with knowledge of the plan said….

European private equity firm CVC is exploring a $75 billion deal for private credit lender Golub Capital, the Financial Times reported on Friday, citing several people familiar with the situation. The private credit sector, which involves institutional lending to companies…

Southern California Edison (SCE), a subsidiary of utility Edison International, said on Friday it had submitted an initial plan to rebuild the areas within its service territory that were devastated by the Los Angeles wildfires in January. The preliminary plan…

U.S. Defense Secretary Pete Hegseth has ordered the termination of IT services contracts, totally valued at $5.1 billion, with companies such as Accenture and Deloitte, a memo showed on Thursday. The pacts “represent non-essential spending on third party consultants” for…

A U.S. judge on Thursday allowed the Trump administration to go ahead with a plan to make immigrants illegally living in or entering the United States register with the federal government or face fines or imprisonment. U.S. District Judge Trevor…

WASHINGTON -The U.S. Supreme Court directed President Donald Trump’s administration on Thursday to facilitate the return to the United States of a Salvadoran man who the government has acknowledged was deported in error to El Salvador. The court’s decision came…

U.S. Federal Deposit Insurance Corporation is looking for ways to cut staffing by an additional 20% as part of Elon Musk’s Department of Government Efficiency cost-cutting, Bloomberg News reported on Thursday, citing people familiar with the matter. Reuters earlier in…

U.S. President Donald Trump on Thursday threatened Mexico with sanctions and tariffs in a dispute over water sharing between the two countries, accusing Mexico of breaking an 81-year-old treaty and “stealing the water from Texas Farmers.” Under the 1944 treaty,…

WASHINGTON -The top Democrat on the U.S. Senate’s intelligence committee on Thursday said he suspected a task force formed by Director of National Intelligence Tulsi Gabbard was pursuing a “witch hunt” for intelligence officers it deems disloyal to President Donald…

BEIJING -China, Japan and South Korea finance and central bank officials met and discussed the impact of U.S. tariffs on the global and regional macroeconomic situation, China’s central bank said on Friday. The People’s Bank of China Deputy Governor Xuan…

Chinese property developer Country Garden said on Friday it had reached an agreement with a key bondholder group and was close to finalising negotiations with a group of bank creditors. The company defaulted on its offshore debt in late 2023…

Tesla on Thursday said it has launched a new version of Cybertruck in the United States, priced at $69,990. The new Cybertruck long-range variant is the cheapest among the three models it currently has in the U.S., Tesla’s website shows.

Oil prices fell on Friday and were set to drop for a second week on concerns prolonged trade war between the United States and China, the world’s largest economies, will crush crude consumption as their dispute curtails economic growth. Brent…

TOKYO – Warren Buffett’s Berkshire Hathaway has priced a 6-tranche yen denominated bond totalling 90 billion yen ($626.70 million), according to a term sheet reviewed by Reuters. The sale comes as debt deals are being shelved because of the fallout…

BEIJING/WASHINGTON – A week of turmoil unleashed by U.S. President Donald Trump’s tariffs showed little sign of easing on Friday, with markets again tumbling and foreign leaders trying to work out how to respond to a dismantling of the world…

Gold breached the key $3,200/oz level for the first time to scale a new peak on Friday, fuelled by a weaker dollar and an escalating trade war that sent investors rushing toward safe-haven assets. Spot gold rose 1.3% at $3,216.48…

BEIJING -Chinese President Xi Jinping will embark on a three-nation Southeast Asia tour next week in his first overseas trip this year to consolidate ties with some of China’s closest neighbours as trade tensions with the United States escalate. Xi…

WASHINGTON – U.S. President Donald Trump said on Thursday that he would love to get a deal with China to end an escalating trade war. Trump made the comments during a Cabinet meeting opened to press. U.S. Treasury Secretary Scott…

Alphabet’s Google on Thursday laid off hundreds of employees in its platforms and devices unit, which works on the Android software, Pixel phones and the Chrome browser, The Information reported on Friday, citing a person with direct knowledge of the…