LONDON – Britain said on Sunday it will expand financing support for exporters by 20 billion pounds ($26 billion), including those affected by U.S. tariffs, in an effort to give them stability and certainty in what it described as a…

LONDON – British finance minister Rachel Reeves wrote in a column for the Observer due to be published on Sunday that she wants to achieve “an ambitious new relationship” with the European Union while still negotiating a trade deal with…

ROME -Credit ratings agency S&P Global upgraded Italy on Friday in a surprise move just days after Rome halved its economic growth forecast amid global market turmoil and said its huge public debt would rise this year and next. S&P…

Bank of England interest rate-setter Megan Greene said on Saturday it was unclear what U.S. President Donald Trump’s import tariffs would do to UK inflation with the unpredictable behaviour of the dollar adding to the puzzle. Higher barriers to trade…

In December 1958, Argentina, battling inflation and weak reserves, agreed a $75-million loan with the International Monetary Fund, its first deal with the Washington-based lender in a record 23 programs totalling $177 billion in agreed funds. On Friday, Argentina got…

BUENOS AIRES -Argentina’s central bank has announced a major overhaul to the country’s exchange rate policy, unleashing the peso and dismantling its years-long controls on the currency as the country reached a $20 billion IMF deal. The central bank announced…

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. The University of Michigan Surveys of Consumers on Friday said its Consumer Sentiment Index dropped…

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…

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…

LONDON -Britain’s economy grew at a monthly pace of 0.5% in February, figures from the Office for National Statistics showed on Friday, well above economists’ expectations in a Reuters poll for an expansion of 0.1%. Gross domestic product in February…

BERLIN – German inflation eased to 2.3% in March, the federal statistics office said on Friday, confirming preliminary data. German consumer prices, harmonised to compare with other European Union countries, had risen by 2.6% year-on-year in February.

European stocks rose on Friday at the end of a volatile week that was dominated by erratic changes in tariffs by the United States and its major trading partners that fuelled concerns over the economic ravages of a trade war….

New York Federal Reserve President John Williams said on Friday the Trump administration’s current trade policies will accelerate inflation this year, while adding that it’s critical for the U.S. central bank to prevent longer-run expectations of price pressures from becoming…

NEW YORK -Wall Street traders and investors have been sent to the brink over the past week by President Donald Trump’s tariff policy, scrambling to figure out strategies and calming clients as trillions were wiped off stock market values. A…

SEOUL -South Korea’s top trade envoy Cheong In-kyo said on Thursday that U.S. President Donald Trump’s tariff reprieve had provided room for negotiations, as the country seeks to reduce tariffs through talks. Cheong met U.S. Trade Representative Jamieson Greer about…

European shares surged on Thursday after U.S. President Donald Trump announced an immediate 90-day pause on tariffs for many trading partners, prompting a massive relief rally following a days-long market rout. The suspension of punishing tariffs on dozens of countries…

BERLIN – German economic institutes on Thursday cut their growth forecast for this year to 0.1% from the 0.8% expected in September, taking into consideration initial U.S. tariffs on steel, aluminium and cars, confirming an earlier Reuters report. Exports-dependent Germany…

TAIPEI – Taiwan’s exports rose more than expected in March to a record level as customers placed orders ahead of expectations of U.S. tariffs, with uncertainty over global trade policy clouding the outlook. Exports jumped 18.6% from the same month…

WASHINGTON – Minutes after President Donald Trump announced a 90-day pause on a tariff plan that triggered a stock market rout and global upheaval, U.S. Treasury Secretary Scott Bessent strode out of the White House to explain the abrupt turnabout….

OSLO – Norway’s $1.7 trillion sovereign wealth fund, the world’s largest, will remain calm in the face of turbulent times, upholding a long-term investment strategy that is widely agreed upon, the government said in a strategy update on Thursday. The…

KUALA LUMPUR – Planned U.S. tariffs could reduce Indonesia’s potential growth by 0.3 to 0.5 percentage points, but a 90-day pause in implementing the levies allows time to discuss solutions, Indonesia’s finance minister told Reuters on Thursday.  Minister Sri Mulyani…

NEW YORK/LONDON/PARIS – Investors are preparing to step up sales of their private credit holdings, as heightened market volatility unleashed by U.S. President Donald Trump’s trade wars forces them to find new ways to raise cash, fund managers and executives…

LONDON – U.S. President Donald Trump’s decision to pause the hefty duties he had said he would impose on dozens of countries one week ago followed turmoil in financial markets that included an acute selloff in the $29 trillion Treasury…