Global money market funds saw massive inflows in the week ending April 2 as investors grew cautious over U.S. President Donald Trump’s aggressive trade policies, which are heightening fears of a global slowdown and prompting some economists to revise their…

NEW YORK -Volatility measures across global financial markets jumped on Friday and Wall Street’s top “fear gauge” soared to an eight-month high as China imposed fresh tariffs on all U.S. goods in response to President Donald Trump’s sweeping levies. The…

UK shares fell sharply on Friday and are poised to end the week with substantial losses, as recession fears intensified after China retaliated against U.S. President Donald Trump’s announcement of sweeping tariffs. As of 1110 GMT, the blue-chip FTSE 100…

Wall Street fell sharply for a second straight session on Friday, pushing the Nasdaq toward a bear market, after China imposed fresh tariffs on all U.S. goods in response to the Trump administration’s sweeping levies, escalating a global trade war….

The U.S. dollar rose against major currencies such as the euro and yen on Friday after Federal Reserve Chairman Jerome Powell acknowledged the repercussions of larger-than-expected U.S. tariffs and signaled a cautious tone on future easing. Powell said tariffs increased…

Wall Street nosedived again on Friday, pushing the Nasdaq toward a bear market, after China imposed fresh tariffs on all U.S. goods in response to the Trump administration’s sweeping levies, escalating a global trade war. Losses in the S&P 500…

LAHNAU, Germany – After 25 years of building industrial equipment in the United States, German engineering firm WIWA faces a dilemma that could completely reshape its transatlantic operations after President Donald Trump implemented sweeping duties on foreign imports. Though it…

OTTAWA -Canada’s total employment fell and the unemployment rate ticked up in March, data showed on Friday, as the uncertainty around tariffs and their subsequent implementation forced companies to pause hiring and spurred some layoffs. The country shed a net…

WASHINGTON -President Donald Trump’s new tariffs are “larger than expected” and the economic fallout including higher inflation and slower growth likely will be as well, Federal Reserve Chair Jerome Powell said on Friday in remarks that pointed to the potentially…

PARIS – The European Union should not respond to U.S. President Donald Trump’s reciprocal tariffs with exactly the same counter-measures as it would impact EU consumers, French Finance Minister Eric Lombard said on Friday. Trump on Wednesday unveiled sweeping tariffs…

MEXICO CITY – Mexican President Claudia Sheinbaum said on Thursday that dialogue and cooperation remain ongoing with the United States, after U.S. President Donald Trump unveiled sweeping new tariffs that did not include Mexico. She added during a press conference…

WASHINGTON- The U.S. services sector slowed to a nine-month low in March, backing expectations that economic growth likely braked sharply in the first quarter amid uncertainty caused by import tariffs. The Institute for Supply Management (ISM) said on Thursday that…

U.S. Agriculture Secretary Brooke Rollins said on Fox News on Thursday the Trump administration is “months away” from making a decision about whether to make payments to farmers to offset any impact from tariffs. President Donald Trump on Wednesday announced…

U.S. tech heavyweights, banks and oil majors extended losses on Friday after Beijing retaliated with additional duties of 34% on U.S. goods, amplifying investor concerns over an escalating global trade war that has stoked fears of a recession. Beijing’s tariffs…

BERLIN – U.S. President Donald Trump will buckle under pressure from Germany and Europe in an escalating trade war, German Economy Minister Robert Habeck said on Thursday. “That is what I see, that Donald Trump buckles under pressure, corrects his…

JERUSALEM – Israeli Finance Minister Bezalel Smotrich said on Thursday he was convening ministry officials to formulate a course of action to protect Israel’s economy in the wake of President Donald Trump’s decision to impose tariffs on exports. As part…

Countries across the world, including some of America’s closest allies, condemned President Donald Trump’s announcement of reciprocal tariffs and some pledged counter-measures while hoping the White House would be open to negotiations. China urged the United States to immediately cancel…

SEOUL -South Korea’s acting President Han Duck-soo ordered emergency support measures for businesses that will be impacted by the imposition of U.S. tariffs, including automobiles, the industry ministry said on Thursday. U.S. President Donald Trump has unveiled global reciprocal tariffs…

BRASILIA – The Brazilian government said on Wednesday it is evaluating all the possible actions in response to the United States’ decision to impose 10% tariffs on imports from Latin America’s No. 1 economy. “The Brazilian government is evaluating all…

PARIS – Sales of French wine and spirits are expected to slide at least 20% after U.S. President Donald Trump announced global tariffs, Gabriel Picard, chairman of French wine and spirits exporters industry group FEVS said on BFM TV on…

TOKYO – Japan’s jobless rate in February fell to 2.4% from 2.5% in January, government data showed on Tuesday. Economists’ median forecast was for 2.5%. The jobs-to-applicants ratio also dipped to 1.24 in February from 1.26 in January. The median…

NEW YORK – Making sense of the forces driving global markets Today’s Key Market Moves * The S&P 500 ends up 0.55% at 5,611.51 * The 10-year U.S. Treasury note yield falls 3.3 basispoints to 4.222% * The euro falls…

WASHINGTON – U.S. President Donald Trump’s push for sweeping tariffs is creating great uncertainty and denting confidence but is not likely to trigger a near-term recession, International Monetary Fund Managing Director Kristalina Georgieva said on Monday. “We are not seeing…

NEW YORK -As Wall Street draws the curtain on a tumultuous quarter in which stocks logged a record high before tumbling into correction, investors are faced with a mountain of policy uncertainty that clouds the outlook for coming quarters. The…

BUENOS AIRES – Argentina’s mining exports reached a historic high in January and February this year, outdoing the prior record from the same period a decade ago by 13%, the mining ministry reported on Monday. The first two months of…

WASHINGTON -The U.S. Treasury Department’s Office of the Comptroller of the Currency withdrew principles providing guidance to banks for climate-related financial risk, the financial regulator said on Monday. Since taking office on January 20, President Donald Trump has announced withdrawal…

NEW YORK – New York Federal Reserve President John Williams said on Monday that monetary policy is “well positioned” for what the economy might do this year, as he acknowledged there are risks that inflation could once again heat up….

BOGOTA – Colombia’s central bank held the benchmark interest rate at 9.5% on Monday, surprising the market, which expected policymakers to resume cuts to borrowing costs despite inflation pressures and a difficult fiscal situation. The decision was backed by a…

European shares fell on Monday, as cautious investors fled risky bets after U.S. President Donald Trump said that tariffs would target all countries, fuelling fears of a global economic slowdown. The pan-European STOXX 600 index fell 1.2%, as of 0709…