JP Morgan see gold prices crossing $4,000/oz by Q2 2026
JP Morgan sees gold prices crossing the $4,000 per ounce milestone next year, following increased recession probabilities amid boosted U.S. tariffs and an ongoing U.S.-China trade war, the bank said in a note on Tuesday. The bank now expects gold…
German government forecasts economic stagnation in 2025, source says
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…
Carney says if all goes to plan, he could balance Canada budget in 4 or 5 years
TROIS-RIVIERES, Quebec – Canada Prime Minister Mark Carney on Tuesday said if his Liberals won an April 28 election and all went to plan, it would be realistic to expect the budget to return to surplus in four or five…
Brazil’s 2025/26 coffee output forecast to decline by up to 6.4%
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…
China retreats from US private equity investments, FT reports
China’s state-backed funds are pulling back from investing in the funds of U.S.-headquartered private capital firms amid an escalating trade war between the world’s two biggest economies, the Financial Times reported on Monday. Some of the Chinese funds are also…
US stocks fall 3%, dollar slides; Trump’s attacks on Fed chair worry investors
NEW YORK -Major U.S. stock indexes were down more than 3% each and the dollar index slid to a three-year low on Monday as U.S. President Donald Trump’s continued attacks on the Federal Reserve chair and the bank’s monetary policy…
Trump visa cuts and tariff hikes turn Chinese students away from American Dream
BEIJING -When 25-year-old biology student Yao’s PhD program enrollment was deferred due to funding cuts at her U.S. university, she joined a growing list of Chinese students exploring other destinations. Visa revocations and university funding cuts by the administration of…
Stocks jump, dollar inches up; investors assess Trump comments on Fed chief
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…
Trump must give some Venezuelan migrants 21 days’ notice before deportations, judge rules
A federal judge in Colorado directed President Donald Trump’s administration on Tuesday to give Venezuelan migrants detained in that state notice 21 days in advance before any deportations under a law historically used only in wartime, and to inform them…
China sanctions US congress members, officials and NGO heads
BEIJING – China has imposed sanctions on some U.S. congress members, government officials as well as heads of non-governmental organisations for “egregious behaviour on Hong Kong-related issues”, its foreign ministry said on Monday. The sanctions come in response to the…
Analysis-Nintendo faces trade war test with Switch 2 launch
TOKYO -Nintendo’s Switch became a source of much-needed escapism during pandemic restrictions. Now, the Japanese video game company faces the harsh reality of a brutal trade war as it launches its successor device. The Switch 2 is set to debut…
Kremlin says U.S. position ruling out NATO membership for Ukraine gives satisfaction
MOSCOW -The Kremlin said on Monday that the position of U.S. President Donald Trump’s administration on ruling out NATO membership for Ukraine gave Moscow satisfaction, but declined to comment on Trump’s hopes for deal this week. U.S. envoy General Keith…
Israeli military releases details in review of Gaza aid worker killings
JERUSALEM – The Israeli military on Sunday released details from their review of the killing of 15 emergency workers in Gaza last month, which said there had been “several professional failures, breaches of orders, and a failure to fully report…
Venezuelan migrants seek further deportation protections after Supreme Court ruling
Venezuelan migrants will seek to bolster their protections against deportation under a wartime law this week, after the Supreme Court temporarily blocked the Trump administration from deporting a group of migrants with an emergency ruling over the weekend. At a…
Carney appeals for support in Quebec, promises protection from Trump
TROIS-RIVIERES, Quebec – Canadian Prime Minister Mark Carney took his election campaign to Quebec on Tuesday, saying only he could protect the predominantly French-speaking province from U.S. President Donald Trump. Polls show the ruling Liberals have a narrow lead over…
Climate non-profits anticipate fight with Trump over tax status
WASHINGTON -U.S. non-profit organizations that focus on climate change are getting ready to fight a possible move by the Trump administration to revoke their tax exemptions as soon as this week. Groups that work on climate change have been circulating…
China opposes any deals between US, other nations at its expense
BEIJING – China respects all parties resolving economic and trade differences with the United States through consultation on an equal footing, but it will firmly oppose any party striking a deal at China’s expense, its Commerce Ministry said on Monday….
Pope Francis has died, Vatican says in video statement
VATICAN CITY -Pope Francis, the first Latin American leader of the Roman Catholic Church, has died, the Vatican said in a video statement on Monday, ending an often turbulent reign marked by division and tension as he sought to overhaul…
Israeli strike south of Beirut kills commander in Sunni Islamist group, statement says
BEIRUT – An Israeli drone strike south of the Lebanese capital killed a top commander from militant group Jama’a Islamiya, the group said in a statement on Tuesday. There was no immediate comment from the Israeli military. The strike on…
3M cuts 2025 profit forecast amid trade tensions
U.S. industrial conglomerate 3M Co cut its forecast for 2025 profit on Tuesday as tariff tensions mount. Global trade tensions have heightened since China imposed a 125% tariff on U.S. imports, retaliating against President Donald Trump’s decision to raise tariffs…
GE Aerospace posts higher first-quarter profit on maintenance demand
GE Aerospace reported a higher first-quarter profit on Tuesday, as a persistent shortage of new aircraft pushes airlines to keep older jets in service, driving strong demand for high-margin aftermarket parts and services. The jet engine maker kept its 2025…
US stock futures rebound after selloff; corporate earnings in focus
U.S. stock index futures rose on Tuesday, bouncing back after equities tumbled in the previous session, when President Donald Trump’s criticism of Federal Reserve Chair Jerome Powell rattled investors. All three major indexes ended Monday’s session down more than 2%…
Spain vows to meet NATO spending goal of 2% GDP in 2025
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…
For US Catholics, Pope Francis’ tenure defined by growing divisions
NEW YORK -When Pope Francis visited the United States in 2015, cheering crowds of Catholics and non-Catholics turned out in New York, Washington, and Philadelphia to greet him, lifting hopes that the U.S. church was about to enter a new,…
Kremlin: Putin willing to discuss Zelenskiy’s call for halt to attacks on civilian infrastructure
MOSCOW – Russia is ready to consider a proposal by Ukrainian President Volodymyr Zelenskiy for a halt to attacks by both sides on each other’s civilian infrastructure, the Kremlin said on Tuesday. Kremlin spokesman Dmitry Peskov said it was a…
India, US can work together for a win-win partnership, VP Vance says
JAIPUR, India -President Donald Trump wants both the United States and India to grow and the two countries can work together across sectors including trade, defence and energy for a win-win partnership, U.S. Vice President JD Vance said on Tuesday….
Russia is ramping up hybrid attacks against Europe, Dutch intelligence says
THE HAGUE -Russia is increasing its hybrid attacks aimed at undermining society in the Netherlands and its European allies, and Russian hackers have already targeted the Dutch public service, Dutch military intelligence agency MIVD said on Tuesday. “We see the…
Israel steps up Gaza strikes; polio vaccination halted by blockade
CAIRO – The Israeli military launched one of the biggest waves of strikes in Gaza for weeks on Tuesday, residents said, and health officials issued a new warning that healthcare faced total collapse from Israel’s blockade of all supplies. Gaza’s…
Barrick Gold to sell Alaska mine stake to John Paulson, NovaGold for $1.1 billion
Canada’s Barrick Gold said on Tuesday it will exit the Donlin Gold Project in Alaska by selling its 50% stake to billionaire John Paulson and NovaGold Resources for up to $1.1 billion. Paulson and NovaGold will acquire 80% and 20%,…
German government sees inflation falling to 2% this year, says source
BERLIN -The German government foresees inflation falling to 2% this year and then to 1.9% next year, a source told Reuters on Tuesday.