China’s fiscal revenue decline slowed in the first three months this year as Beijing works to shore up its economy while weathering the storm from mounting U.S. tariffs. Fiscal revenue in the January-March period totaled 6.0 trillion yuan ($821.54 billion), […]
The Russian rouble strengthened past 81 to the U.S. dollar, supported by rising oil prices, reaching its highest level since June 28, 2024. At 0900 GMT the rouble was up 1.5% 80.90 to the U.S. currency in thin trade ahead […]
A heavy slate of U.S. company results in the coming week will test a stock market shaken by a U.S. trade policy overhaul that upended the outlook for the global economy and corporate America. Investors remain on edge after President […]
The Bank of Canada on Wednesday held its key policy rate at 2.75%, its first pause after seven consecutive cuts, and said the uncertainty around U.S. tariffs made it impossible to issue regular economic forecasts. Instead, the central bank produced […]
Gold surged to a fresh high on haven demand as the dollar fell and tech stocks slumped after US President Donald Trump ordered a probe that could open up a new front in the global trade war. Bullion gained as […]
European shares slipped on Wednesday after a strong start to the week, weighed down by chip supplier ASML’s warning that U.S. tariffs were increasing uncertainty around its outlook for 2025 and 2026. The pan-European STOXX 600 index fell 1.3%, as […]
Britain said on Tuesday it could keep the country’s last steel blast furnaces burning for at least the next few weeks after securing a delivery of fuel – the latest step in a last-gasp government scramble to save domestic virgin […]
Swiss construction chemicals maker Sika on Tuesday reported first-quarter sales that narrowly missed estimates and maintained its outlook for 2025, saying it was not directly affected by U.S. tariffs. But Sika, whose results give an insight into the health of […]
Wall Street share futures rallied in Asia on Monday after the White House exempted smartphones and computers from “reciprocal” U.S. tariffs, though gains were limited as President Donald Trump warned levies were still likely at some point. Indeed, Trump on […]
Though President Donald Trump has said his aggressive tariff strategy, unveiled this week, will make the markets “boom,” it has so far resulted in a rout, with U.S. equity markets suffering their worst week since March 2020 and more pain likely on the […]
