Poland rejected on Friday a suggestion by Donald Trump that Russian drone incursions into its airspace could have been a mistake, a rare contradiction of the U.S. president from one of Washington's closest European allies. Poland, backed by aircraft from other NATO, shot down drones that had violated its airspace on Wednesday, the first time a member of the Western military alliance is known to have fired during Russia's war in Ukraine. Russia said its forces had been attacking Ukraine at the time and that it had not intended to hit any targets in Poland. Trump told reporters in Washington...
Initial jobless claims in the United States were unchanged from the previous week at 229,000 on the period ending May 10th, aligned with market expectations, to hold the decline form the two-month-high of 241,000 from the last week of April. In the meantime, outstanding claims edged slightly higher to 1,881,000 in the first week of May, slightly below market expectations of 1,990,000. The result continued to reflect a resilient labor market when compared to historical levels, aligned with the assessment by Federal Reserve Chairman Powell in the central bank's latest decision. In the...
U.S President Donald Trump said on Thursday that India had offered the U.S a trade deal that proposed "no tariffs". New Delhi is seeking to clinch a trade deal with the U.S. within the 90-day pause announced by Trump on April 9 on tariff hikes for major trading partners, which had included a 26% tariff on India. "It is very hard to sell in India, and they are offering us a deal where basically they are willing to literally charge us no tariffs," Trump said in a meeting with executives in Doha. The United States is India's largest trading partner, with bilateral trade totalling some $129...
U.S. President Donald Trump said on Thursday that the United States was getting very close to securing a nuclear deal with Iran, and Tehran had "sort of" agreed to the terms. "We're in very serious negotiations with Iran for long-term peace," Trump said on a tour of the Gulf, according to a shared pool report by AFP. "We're getting close to maybe doing a deal without having to do this... there (are) two steps to doing this, there is a very, very nice step and there is the violent step, but I don't want to do it the second way," he said. An Iranian source familiar with the negotiations...
Japan's top trade negotiator, Ryosei Akazawa, could travel to Washington as early as next week for a third round of trade talks with the U.S., two sources familiar with the plans told Reuters on Thursday. The date of his visit is still uncertain and will depend on how much progress the two countries can make in narrowing differences in staff-level talks, one of the sources said on condition of anonymity because he was not authorized to speak publicly. Japan is considering a package of proposals to gain U.S. concessions that could include increased imports of U.S. corn and soybeans,...
The world got a taste of an effective U.S.-China trade embargo, and after a breakthrough on Monday with lowered tariffs, there's no going back. China now has the "mutual respect" it has long craved from the U.S. U.S. Treasury Secretary Scott Bessent told CNBC's Joe Kernen that "there is a sense of mutual respect" during the talks, a point that U.S. Trade Representative Jamieson Greer also emphasized in his remarks to the press on Monday. That's in stark contrast to how the first high-level bilateral meeting under the Biden administration kicked off with an exchange of insults in Alaska,...
Asia-Pacific markets traded higher, tracking Wall Street gains overnight.
Japan's benchmark Nikkei 225 rose 0.41% after hitting a fresh record high on Thursday, while the Topix added 0.61%. South...
Both the STOXX 50 and STOXX 600 hovered around the flatline on Friday, as investors adopted a cautious stance ahead of further developments in trade talks between US President Trump and Chinese...
Poland rejected on Friday a suggestion by Donald Trump that Russian drone incursions into its airspace could have been a mistake, a rare contradiction of the U.S. president from one of Washington's...