NEW YORK (Reuters) -Major U.S. stock indexes sank on Monday after U.S. President Donald Trump declined to predict whether his tariff policies could lead to a recession, roiling investor sentiment. The Nasdaq Composite closed down more than 4% after confirming last week that its retreat from December’s record high was a correction. The S&P 500 …
Wall Street selloff deepens as Trump sparks recession concerns Read More »
By Chibuike Oguh, Yadarisa Shabong and Ankur Banerjee NEW YORK (Reuters) -The U.S. dollar weakened against the yen on Monday as investors worried about a probable U.S. economic slowdown and a persistent selloff on Wall Street that has been battered by continued policy uncertainty surrounding the Trump administration’s trade policy. The greenback, however, rose against …
Dollar weakens against the Japanese yen amid tariff worries Read More »
(Reuters) – Beacon Roofing Supply is negotiating a potential $11 billion buyout from billionaire Brad Jacobs-run QXO, in a complete reversal after it rebuffed an earlier offer and adopted a poison pill to stave off a hostile takeover attempt. The companies confirmed on Monday they are in discussions about a combination in which QXO would …
Beacon Roofing reverses course on QXO’s takeover attempt, weighs $11 billion offer Read More »
(Reuters) -The British benchmark index fell to a near five-week low on Monday, tracking a global equity selloff as worries about economic growth and uncertainties around U.S. tariffs continued to keep investors on edge. The blue-chip FTSE 100 fell 0.9%, its fifth straight session of declines, and closed at its lowest since February 4. The …
Tariff fears drag FTSE 100 to more than one-month low Read More »
By Steven Scheer JERUSALEM (Reuters) – Bank of Israel policymakers are cautiously optimistic that inflation will ease later in 2025 in the wake of uncertainty stemming from the effects of Israel’s war against Palestinian militant group Hamas in Gaza. In minutes of the February 24 rates decision, all five members of the central bank’s monetary …
Bank of Israel stays cautiously optimistic on inflation, rates outlook Read More »
By Ateeq Shariff (Reuters) – Major stock markets in the Gulf fell in early trade on Monday as U.S. import tariffs sparked concerns over global economic growth, causing investors to shy away from riskier assets. U.S. President Donald Trump, in a Fox News interview on Sunday, declined to predict whether his tariffs on China, Canada …
Major Gulf markets ease on global trade war concerns Read More »
By Indradip Ghosh, Gabriel Burin and Mumal Rathore (Reuters) -Risks to the Mexican, Canadian and American economies are piling up amid a chaotic implementation of U.S. tariffs that has created deep uncertainties for businesses and decision-makers, according to Reuters polls of economists taken this week. U.S. inflation risks, which were already rising, have worsened, leaving …
Recession risks rise for all three North American economies over US tariff chaos Read More »
By Ariba Shahid KARACHI (Reuters) -Pakistan’s central bank unexpectedly halted its easing cycle on Monday, keeping its key policy rate at 12%, saying there could still be price risks including from an escalation in global tariffs even though inflation was falling for now. The central bank had slashed rates by 1,000 bps from an all …
Pakistan unexpectedly halts easing cycle, keeping key interest rate at 12% Read More »
(Reuters) -Japanese investors increased bond purchases in February due to a fall in yields overseas, but retreated from foreign equities on concerns over U.S. President Donald Trump’s tariffs plans and the potential impact on global growth from trade distortions. Investors bought a net 3.45 trillion yen ($23.44 billion) in overseas bonds last month, marking the …
Japanese investors boost bond holdings, sell foreign stocks in February Read More »
By Maria Martinez BERLIN (Reuters) -German industrial output rose in January but exports plunged, showing the challenges facing the incoming government in reviving the euro zone’s largest economy in a time of geopolitical uncertainty. German exports fell by 2.5% in January compared with the previous month, data from the federal statistics office showed on Monday. …
German industrial production rises, but exports fall Read More »
