Trump has begun another trade war. Here's a timeline of how we got here
Canada's leader laments lost friendship with US in town that sheltered stranded Americans after 9/11
Chinese EV giant BYD's fourth-quarter profit leaps 73%
You're an American in another land? Prepare to talk about the why and how of Trump 2.0
Chalk talk: Star power, top teams and No. 5 seeds headline the women's March Madness Sweet 16
Purdue returns to Sweet 16 with 76-62 win over McNeese in March Madness
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Fed's Harker says rate cuts this year still possible, amid data quality worries
By Michael S.
June 06, 2025interest rates
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US payrolls growth slows in May, unemployment rate steady
U.S. job growth slowed in May, while the unemployment rate held steady, potentially giving the Federal Reserve a buffer to delay the resumption of interest
June 06, 2025
Business|Economy|Europe|World
ECB's Stournaras: Another rate cut dependent on economy weakening further
If the European economy weakens further then the European Central Bank might cut interest rates again, policymaker Yannis Stournaras told Bloomberg TV in an interview on Friday,
June 06, 2025
Asia|Business|Economy|Finance|Stock Markets|World
Japan's April household spending unexpectedly falls
Japanese household spending unexpectedly fell in April, government data showed on Friday, as consumers tightened their purse strings in the face of higher prices.
June 05, 2025
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Wall Street stocks end down as Tesla slumps 14% on Trump-Musk feud
Wall Street's stock indexes ended lower on Thursday in choppy trade as a slump in Tesla shares offset news of progress in
June 05, 2025
Business|Economy|Finance
Fed policymakers flag inflation concerns, a view that argues against rate cuts
By Ann Saphir and Michael S.
June 05, 2025
Business|Economy|Finance|Stock Markets
US stocks slip as Wall Street makes its final moves ahead of Friday’s jobs report
U.S. stocks drifted lower as financial markets locked in their final moves before a highly anticipated update coming Friday about the U.S. job market
June 05, 2025
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Fed's Schmid: uncomfortable with looking through tariff-driven price push
Kansas City Federal Reserve Bank President Jeff Schmid on Thursday expressed concern that tariffs could rekindle inflation, saying upward price pressure could be apparent in coming months
June 05, 2025
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Fed's Harker says its time for caution on monetary policy amid uncertainty
By Michael S.
June 05, 2025
Business|Economy|Europe|Finance|World
ECB cuts rates again but hints at pause
The European Central Bank cut interest rates as expected on Thursday but hinted at a pause in its year-long easing cycle after inflation
June 04, 2025
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Bank of Canada: some firms see less chance of a worst-case tariffs scenario
Canadian firms and industry associations affected by trade tensions are less worried about a worst-case scenario involving U.S.
June 05, 2025
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Weekly jobless claims hit seven-month high; imports post record decline
The number of Americans filing new applications for unemployment benefits increased to a seven-month high last week, pointing to softening labor market
June 05, 2025
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Lagarde's statement after ECB policy meeting
Following is the text of European Central Bank President Christine Lagarde's statement after the bank's policy meeting on Thursday: Link to statement on ECB website: Good afternoon, the
January 30, 2025
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ECB to cut, Fed hopes up
What matters in U.S. and global markets today It was the bond market's turn to rally over the past 24 hours, with a stream of soft U.S. economic readings lifting hopes
June 05, 2025
Arts|Australia|Business|Economy|Finance
Australian household spending rises meagre 0.1% in April
Australian household spending rose only marginally in April, data showed on Thursday, a further sign consumption was still lagging income growth despite a drop in borrowing rates and
June 05, 2025
Business|Economy|Finance
Bank of Canada holds key rate steady but says a future cut is possible
The Bank of Canada on Wednesday held its key benchmark rate at 2.75%, citing the need to probe the effects of U.S. trade policy, but said
June 04, 2025
Business|Economy|Environment|Finance|World
Sales of multi-million dollar bungalows in Singapore shrink in first quarter, figures show
Singapore in the first quarter of this year sold only two plush "good class" bungalows, according to data compiled by a real estate group, its lowest quarterly
June 04, 2025
Australia|Business|Economy|World
Australia's muted Q1 economic growth signals need for more stimulus
Australia's economy barely grew in the first quarter as consumers stayed stubbornly frugal and government spending, the engine of activity last year,
June 04, 2025
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South Korea May inflation weakest in 5 months, below forecast
South Korea's consumer inflation slowed in May to the weakest pace in five months, government data showed on Wednesday, coming in below market expectations.
June 03, 2025
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BOJ chief voices confidence economy can withstand US tariff hit
Bank of Japan Governor Kazuo Ueda said the country's economy can withstand the hit from U.S. tariffs and sustain a cycle of rising inflation accompanied by wage growth
June 03, 2025
Business|Economy|World
Russia's economy minister calls for 'timely' rate cut to boost growth
Russia's economy minister Maxim Reshetnikov said on Tuesday that the central bank should ease monetary policy in a timely manner in order to achieve growth of 3%, a target set by
June 03, 2025
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Fed's Bostic says current uncertainty calls for patience on rate policy
By Michael S.
June 03, 2025
Business|Economy|Finance|World
Australia central bank says higher US tariffs a drag on global economy
Australia's central bank said on Tuesday that higher U.S. tariffs would drag on the global economy and put near-term downward pressures on prices of traded goods, though the exact
June 03, 2025
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BoE's Bailey sticks with 'careful' rate cut view as uncertainty deepens
Bank of England Governor Andrew Bailey said on Tuesday he was sticking with a "gradual and careful" approach to cutting interest rates as global
June 03, 2025
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BoE's Bailey sees rate path shrouded increasingly by uncertainty
Bank of England Governor Andrew Bailey said the path for interest rates was now shrouded in more uncertainty than before because of global trade policy turmoil.
June 03, 2025
Business|Economy|Europe|World
Swiss inflation turns negative, raising likelihood of negative interest rates
Swiss inflation turned negative in May, marking the first decline in consumer prices for more than four years and adding pressure on the Swiss National Bank to cut its
June 03, 2025
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BOJ's Ueda signals readiness to raise rates if growth re-accelerates
Bank of Japan Governor Kazuo Ueda said on Tuesday the central bank will raise interest rates once it is convinced enough that economic and price
June 03, 2025
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Australia central bank pondered outsized rate cut in May, decided to be predictable
Australia's central bank considered cutting interest rates by an outsized 50 basis points last month as "insurance" against global trade risks, but decided to go the
June 03, 2025
Australia|Business|Economy|World
Australia raises minimum wages by 3.5% as inflation eases
Australia's independent wage-setting body on Tuesday raised the national minimum wage by 3.5% effective July 1, a real wage increase for about 2.6
June 02, 2025
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Trading Day: Trade tension turns to tentative hope
TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist The new trading month got off to a cautious start on
June 02, 2025
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Bank of England's Mann says QT impact needs to be reconsidered
The Bank of England needs to pay closer attention to the impact of its quantitative tightening programme on monetary and financial conditions now that it is cutting
June 02, 2025
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Fed can be patient, ready to respond if needed: Logan
With the labor market stable, inflation running somewhat above target, and the outlook uncertain, the Federal Reserve is keeping a watchful eye on a broad range of data to judge what
June 02, 2025
Business|Economy|Europe|Finance
Polish central bank seen keeping rates steady on Wednesday: Reuters poll
The National Bank of Poland is expected to keep interest rates unchanged on Wednesday, after a downward adjustment in May, a Reuters poll showed, as wage dynamics
June 02, 2025
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Plot twist
U.S. jobs data, a European Central Bank meeting and big global oil producers all vie for investor attention this week. And as a new month begins, court rulings on U.S.
May 30, 2025
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Playing it smart: Five questions for the ECB
The European Central Bank is tipped to cut interest rates on Thursday, its eighth move this cycle, with traders sensing a pause will then
June 02, 2025
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BOJ sets aside maximum provision of losses for bond transactions
The Bank of Japan has set aside the maximum provision for losses on bond transactions, a spokesperson for the central bank said on Monday.
June 01, 2025
Business|Economy|Finance
How American consumers are feeling the squeeze, in 4 charts
How American consumers are feeling the squeeze, in 4 charts
June 01, 2025
Business|Economy|Finance|Stock Markets|US
Fed seen on hold amid cooler inflation, cautious consumer
Federal Reserve policymakers wary of cutting interest rates in the face of President Donald Trump's aggressive tariffs will likely stick to their wait-and-see stance amid
May 30, 2025
Business|Economy|Finance|World
Turkey's economy grew 2.0% in first quarter, below forecasts
Turkey's economy grew 2% in the first quarter of the year, official data showed on Friday, falling short of expectations amid a tight domestic
May 30, 2025
Business|Economy|Finance|World
BoE's Taylor dismisses inflation concerns, renews call for lower rates, FT reports
Bank of England policymaker Alan Taylor played down concerns about a recent surge in inflation in a newspaper interview published on Friday and renewed his call for lower interest rates in
May 30, 2025
Business|Economy|Finance|World
Australia retail sales slip in April as consumers stay frugal
Australian retail sales slipped unexpectedly in April as warm weather hit spending on winter clothing, data showed on Friday, while department stores suffered from a
May 30, 2025
Business|Economy|Finance
Fed's Goolsbee: if tariffs are avoided, policy rate can come down
Chicago Federal Reserve Bank President Austan Goolsbee on Thursday said he believes that if big tariffs could be avoided, either through trade deals or otherwise, the U.S. central bank
May 29, 2025
Business|Economy|Finance|World
US labor market showing cracks; corporate profits post largest drop since 2020
The number of Americans filing new applications for jobless benefits increased more than expected last week and the unemployment rate appeared to have picked up
May 29, 2025
Business|Economy|Finance
Average rate on a US 30-year mortgage rises to 6.89%, its highest level since early February
The average rate on a 30-year mortgage in the U.S. rose this week to its highest level since early February, further pushing up borrowing costs for homebuyers
May 29, 2025
Economy|Education|World
South Koreans turn out in record numbers for early voting as presidential hopefuls vow change
South Koreans turned out in record numbers for early voting on Thursday ahead of next week's snap presidential election, official data showed, as both leading candidates
May 29, 2025
Business|Economy|Finance|World
Mexico central bank slashes growth forecasts citing significant weakness
The Bank of Mexico slashed its growth forecasts for Mexico's economy this year and next year, citing sluggish domestic activity and uncertainty related to U.S
May 28, 2025
Business|Economy|Finance|Political|Stock Markets|World
Brazil's debt issuance cost rises to highest level in more than eight years
The average cost of Brazil's domestic debt issuance rose to the highest level in more than eight years, Treasury data showed on Wednesday, as elevated interest rates and persistent
May 28, 2025
Business|Economy|Finance|World
Brazil's central bank unlikely to cut rates before 2026, Itau says
Brazil's central bank is unlikely to have room to cut interest rates before next year, and even then the risk is tilted toward further delays, economists at Itau Unibanco, the country's
May 28, 2025