AFP

Tokyo led stocks higher Thursday as optimism over Japan-US trade talks offset Federal Reserve boss Jerome Powell’s warning that Donald Trump’s tariffs could force officials to choose between fighting inflation or unemployment.Investors are keeping a nervous eye on Washington for the next three months as governments scramble to cut deals to avert crippling tariffs unveiled …

Asian markets boosted by ‘Big Progress’ in Japan tariff talks Read More »

Concern over the economic fallout from US President Donald Trump’s global tariffs mounted Wednesday, with Fed Chair Jerome Powell’s warning of higher inflation sending stock markets tumbling.Trump remained upbeat, posting on social media that there’d been “Big Progress!” in talks with Japan on a trade deal.He is banking that his strategy, in which tariffs are …

Trump tariffs provoke growing economic uncertainty Read More »

Wall Street traders were back in sell-off mode Wednesday while the dollar fell further as downcast comments from Federal Reserve Chair Jerome Powell added to weakness in semiconductor giant Nvidia.After a relatively peaceful couple of days on markets following tariff-related volatility last week, investors were once again on the defensive. Gold, a safe-haven asset in …

US stocks fall with dollar as Powell warns on tariffs Read More »

The uncertainty kicked up by Donald Trump’s stop-start tariff rollout will undoubtedly hit growth, the president of the World Bank said Wednesday, ahead of next week’s semi-annual meeting of global financial leaders in Washington.”Uncertainty and volatility are undoubtedly contributing to a more cautious economic and business environment,” Ajay Banga told reporters, alluding to the market …

Global uncertainty will ‘certainly’ hit growth: World Bank president Read More »

Prime Minister Anthony Albanese promised on Wednesday to defend Australia’s interests in its trade tangle with the United States, in a televised debate ahead of May 3 national elections.US President Donald Trump’s 10 percent tariffs on close ally Australia have loomed large in the duel between 62-year-old Albanese and his hard-nosed conservative challenger, former policeman …

Australian PM vows not to bow to Trump on national interest Read More »