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SAO PAULO – An application by the United States’ National Coffee Association (NCA) to get coffee exempted from tariffs imposed by U.S. President Donald Trump has been well received, the NCA’s CEO Bill Murray said during an industry event in…
BERLIN -The German economy could suffer “a slight recession” in 2025, Bundesbank President Joachim Nagel told Reuters on Wednesday, contracting for a third consecutive year for the first time. The German government has cut its economic forecast for this year…
BERLIN – The German government cut its economic forecast for this year and now foresees stagnation instead of 0.3% growth, a source told Reuters on Tuesday, confirming a report by the Handelsblatt newspaper. For 2026, the government now expects growth…
SAO PAULO – Brazil’s 2025/26 coffee crop is forecast to decline by between 3% to 6.4% versus the previous cycle, mostly due to dry weather in 2024, according to two estimates published by different banks on Tuesday. Following a crop…
NEW YORK -U.S. stocks climbed more than 2% on Tuesday after the previous day’s selloff, while the dollar edged higher even as investors continued to assess U.S. President Donald Trump’s criticism of the Federal Reserve chair. U.S. Treasury long-term yields…
MADRID -Spanish Prime Minister Pedro Sanchez said on Tuesday his government will meet NATO’s target of 2% of gross domestic product (GDP) on defence spending this year, long before its previous self-imposed deadline of 2029. He announced a plan to…
BERLIN -The German government foresees inflation falling to 2% this year and then to 1.9% next year, a source told Reuters on Tuesday.
TOKYO -Chinese Premier Li Qiang has sent a letter to Japanese Prime Minister Shigeru Ishiba calling for a coordinated response to U.S. President Donald Trump’s tariff measures, Japan’s Kyodo news agency reported on Tuesday. The letter, sent via the Chinese…
WASHINGTON -President Donald Trump said on Thursday he believes Federal Reserve chair Jerome Powell will leave his job if Trump asks him to do so, although the U.S. central bank chief himself has said he would not leave if asked…
LOS ANGELES -The U.S. Trade office will this week announce its plan for levying port fees on China-linked ships as part of President Donald Trump’s effort to revive domestic shipbuilding and counter China’s dominance on the high seas. The proposed…
President Donald Trump on Thursday said he expects to make a trade deal with China, though he offered no specifics or indications of how talks would get underway with the two superpowers at an apparent impasse. “Oh we’re going to…
LONDON – Traders saw the all-clear on Thursday from the European Central Bank to bet on even steeper interest rate cuts ahead, confident the central bank will ease policy further if trade tensions dent a fragile economy. The ECB cut…
China’s leader Xi Jinping urged Cambodia to “resist protectionism,” as he arrived in Phnom Penh on Thursday at the end of a three-nation tour of Southeast Asia, as U.S. tariffs threatened the economies of both countries. Cambodia is a major…
NEW YORK -Oil prices rose to the highest in two weeks on Thursday, supported by hopes for a trade deal between the United States and the European Union and new U.S. sanctions to curb Iranian oil exports, which continued to…
BOSTON/LONDON -Most stocks and the dollar ticked up on Thursday as traders took some heart from trade talks between the U.S. and Japan, though the positive mood was curbed by Federal Reserve Chair Jerome Powell saying the Fed would be…
The S&P 500 and the Nasdaq rose on Thursday on the final trading day of the week, with focus on U.S.-Japan tariff talks, while a slump in UnitedHealth’s shares following a forecast cut by the insurer weighed on the Dow….
KYIV -Ukraine’s central bank kept its key interest rate unchanged at 15.5% on Thursday and said it expected consumer price inflation to start declining this summer. It warned, however, that global trade disputes as well as wartime challenges would limit…
MADRID – China wants to deal with the European Union as a partner instead of a rival, its ambassador to Spain said, amid shifting geopolitics and Washington’s new trade policy which he described as unilateral economic abuse. Yao Jing told…
European shares slipped on Wednesday after a strong start to the week, as concerns over corporate profits deepened following news that Nvidia would shoulder billions in charges due to U.S. export curbs to China. Adding to tech woes, ASML, the…
BEIJING – China’s economy is expected to have slowed in the first quarter in the face of a prolonged property downturn, as policymakers brace for the impact of hefty U.S. tariffs that analysts say pose the biggest risk to the…
U.S. Treasury Secretary Scott Bessent in an interview with Yahoo Finance on Tuesday dismissed concerns over China weaponizing its Treasuries despite bond market volatility and added there was no risk of China potentially using its robust Treasury pile to inflict…
HOUSTON – Oil prices rose more than $1 a barrel on Wednesday on concerns about global supplies after Washington issued new sanctions targeting Chinese importers of Iranian oil. Brent crude futures rose $1.06, or 1.64%, to $65.73 a barrel by…
BEIJING – Property investment in China fell 9.9% in the first three months of 2025 from a year earlier, after dropping 9.8% in the January-February period, official data showed on Wednesday. Property sales by floor area were down 3.0% in…
SHANGHAI -Global investment banks are lowering their projections for China’s economic growth this year as U.S. President Donald Trump’s aggressive tariffs are expected to take a toll on the world’s second-largest economy. Some of the banks had upgraded their forecasts…
BEIJING – China’s industrial output in March rose 7.7% from a year earlier, quickening from 5.9% growth in the January-February period, official data showed on Wednesday, as the world’s second-largest economy braced for the impact of hefty U.S. trade tariffs….
BEIJING – China’s crude steel output in March climbed 4.6% from the prior year, incentivised by higher margins and robust exports. The world’s largest steel producer manufactured 92.84 million metric tons of crude steel last month, data from the National…
FRANKFURT – The euro zone’s current account surplus narrowed in February as a higher services surplus was not big enough to offset a rise in goods imports, European Central Bank data showed on Wednesday. The currency bloc’s seasonally adjusted balance…
BEIJING -China’s new home prices were unchanged in March from the prior month, as demand continued to remain soft despite the government’s extensive policy support to boost confidence in the fragile property sector. The flat outcome in March was a…
WASHINGTON – U.S. President Donald Trump is open to making a trade deal with China but Beijing should make the first move, White House press secretary Karoline Leavitt said on Tuesday, citing a statement from the president earlier in the…
NEW YORK -U.S. stocks ended slightly lower on Tuesday as tariff uncertainty stayed high and shares of consumer and healthcare companies eased, while upbeat results from banks provided some support. Shares of Bank of America and Citigroup rose following their…