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By Suzanne McGee and Nupur Anand (Reuters) – Individual investors have been working the phones for advice in the wake of U.S. President Donald Trump’s sweeping tariff announcements which have sparked fears of a recession. Among the most nervous are those approaching retirement, as the market slide wreaks havoc with portfolios.  Still, despite the trillions …

Individual investors flood advisers with calls, but stay in the market Read More »

By David Lawder and Pete Schroeder WASHINGTON (Reuters) – U.S. Treasury Secretary Scott Bessent said on Wednesday his department will play a greater role in banking regulation to better balance costs and benefits and ensure that lenders can finance growth in the U.S. economy. In prepared remarks to an American Bankers Association conference, Bessent called …

Bessent says US Treasury to take stronger role in bank regulation, easing undue burdens Read More »

FRANKFURT (Reuters) – The European Central Bank is ready to preserve financial stability in case of further market turmoil but the sector, including hedge funds, appears well prepared for the recent rout, ECB policymakers said on Wednesday. Since U.S. President Donald Trump announced a raft of tariffs last week, stocks have fallen sharply, the dollar …

ECB policymakers pledge market stability but see big growth hit Read More »

By David Thomas, Mike Scarcella and Sara Merken (Reuters) – Former top legal executives at large companies including Microsoft, Intel and Eli Lilly submitted a legal brief on Tuesday accusing U.S. President Donald Trump of undermining the rule of law and threatening American businesses with his executive orders targeting law firms. The 67 mostly former …

Former top lawyers at major companies decry Trump orders against law firms Read More »

NEW DELHI (Reuters) – India is considering measures such as extending interest subsidies on bank loans and offering incentives to help exporters to diversify amid rising global uncertainty after the U.S. tariff hikes, two government sources said. A 26% tariff on Indian exports – alongside even steeper duties on some other countries like China – …

India weighs export support measures amid U.S. tariff hike, say government sources Read More »

LONDON (Reuters) -Global markets were took a beating again on Wednesday as U.S. President Donald Trump’s eye-watering 104% tariffs on China took effect, and a savage selloff in U.S. bonds sparked fears that foreign funds were fleeing U.S. assets. U.S. Treasuries extended losses in a sign investors are dumping even their safest assets and the …

Market meltdown as U.S. tariffs kick in, bonds at the epicentre Read More »