By Lewis Krauskopf NEW YORK (Reuters) -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 Donald Trump’s sweeping April 2 tariff announcement stunned markets …
Busy US earnings week confronts market grappling with tariff fallout Read More »
By Wa Lone TORONTO (Reuters) -Canadian Prime Minister Mark Carney’s campaign platform plans released on Saturday include tax cuts and new spending on infrastructure and defense, as he pledges a new economic order that is less reliant on the United States. Carney has campaigned on his experience managing crises while running the central bank of …
Carney pledges tax cuts, defense spending in Canada election platform Read More »
By Maya Gebeily and Timour Azhari DAMASCUS (Reuters) -The United Nations Development Programme is hoping to deliver $1.3 billion over three years to support war-ravaged Syria, including by rebuilding infrastructure and backing digital start-ups, its assistant secretary-general told Reuters. Abdallah Dardari told Reuters in Damascus that investing in Syria – hit hard by 14 years …
UN development arm plans for $1.3bln in help for Syria, top official says Read More »
MOSCOW (Reuters) – The Philippines granted access for Russian beef and beef offal to its market, authorising two Russian companies for imports, Russian agriculture watchdog said on Friday. The Philippines imported 1.17 million metric tons of meat last year, about a 10% increase compared with 2023, according to the Food and Agriculture Organization, with Brazil, …
Russia gains access to Philippines beef market, watchdog says Read More »
By Pete Schroeder WASHINGTON (Reuters) – The Federal Reserve kicked off a sweeping effort to overhaul its annual stress tests of large banks on Thursday, proposing to average results over two years in setting capital requirements. The central bank also proposed giving banks three more months to adjust to the capital requirements set by the …
Fed proposes averaging large bank stress test results to reduce volatility Read More »
By Ebru Tuncay SAPANCA, Turkey (Reuters) – Turkish Finance Minister Mehmet Simsek said on Friday that disinflation would continue despite some recent deterioration in expectations, adding that the government still sees inflation ending the year within its target range. His remarks come a day after the central bank delivered a surprise 350 basis-point rate hike …
Turkey’s Simsek says disinflation to continue, FX pass-through limited Read More »
KUALA LUMPUR (Reuters) – Malaysia’s economy grew 4.4% in the first quarter of 2025 from a year earlier and the country’s exports to the United States surged in March, data showed on Friday, as authorities warned that U.S. tariffs were creating uncertainty. The official advance GDP estimates showed the economy slowing from growth of 5% …
Malaysia’s economy grew 4.4% y/y in Q1, exports to U.S. surge in March Read More »
TOKYO (Reuters) – Bank of Japan Governor Kazuo Ueda said on Friday the central bank will keep raising interest rates if underlying inflation accelerates toward its 2% target, as it projects. But Ueda told parliament the BOJ will scrutinise “without pre-conception” whether the economy will move in line with its forecasts given uncertainty over the …
BOJ will keep raising rates if inflation on track, Governor Ueda says Read More »
(Reuters) – President Donald Trump on Thursday said he expects to make a trade deal with China, though he offered no specifics or indications of how talks would get underway with the two superpowers at an apparent impasse. “Oh we’re going to make a deal,” Trump said from the White House in response to a …
MEXICO CITY (Reuters) – The Mexican peso strengthened nearly 1% in international trading on Thursday after U.S. President Donald Trump and his Mexican counterpart, Claudia Sheinbaum, held a phone call they both dubbed “very productive.” The currency was trading at 19.74 per U.S. dollar before mid-day, reaching its strongest point since mid-October. Domestic trading in …
Mexico’s peso strengthens to six-month high on Trump-Sheinbaum call Read More »
