U.S. Treasury Secretary Scott Bessent met with BlackRock Inc executive Rick Rieder in New York on Friday, as the Trump administration continued its search for a new chair for the Federal Reserve, a source familiar with the matter said. Bessent has now spoken with four of the 11 candidates on the administration's list of candidates to replace Fed chair Jerome Powell, whose term expires in May, the source said. Bloomberg first reported Bessent's meeting with Rieder, BlackRock's CIO of fixed income, and called him a rising contender for the post. The two met for two hours and discussed...
President Donald Trump will impose tariffs at the rate he threatened last month on trading partners that do not negotiate in "good faith" on deals, Treasury Secretary Scott Bessent said in television interviews on Sunday. He did not say what would constitute "good faith" negotiations or clarify the timing to announce any decisions to return a country to the various rates Trump initially imposed on April 2. Trump has repeatedly reversed course since then, notably on April 9, when he lowered his tariff rates on most imported goods to 10% for 90 days to give negotiators time to hash out deals...
Waktu terus berjalan bagi UE untuk mencapai kesepakatan dengan Washington dan menghindari guncangan tarif, tetapi Capital Economics memperingatkan bahwa peluang untuk mencapai terobosan sangat kecil karena defisit perdagangan yang besar dan perpecahan internal blok tersebut mengaburkan pembicaraan. Taruhannya tinggi: jika pembicaraan gagal menghasilkan kesepakatan sebelum batas waktu 9 Juli, hampir semua ekspor UE ke AS—sekitar 70% dari total pengiriman—akan dikenakan pungutan sebesar 20%, naik dari 10% saat ini. "Kami menduga kesepakatan AS-UE tidak akan segera terjadi. AS mungkin kurang...
China has emerged as the top customer for Canadian oil shipped on the expanded Trans Mountain pipeline, ship tracking data showed, as a U.S. trade war has shifted crude flows in the year since the pipeline started operating. China's new interest in Canadian oil comes as U.S. President Donald Trump's trade war has strained relations between longtime allies Washington and Ottawa. It also reflects the impact of U.S. sanctions on crude from countries like Russia and Venezuela. Canada is the world's fourth-largest oil producer, but its main oil-producing province of Alberta is landlocked with...
The University of Michigan's gauge of consumer sentiment fell slightly to 50.8 in a preliminary reading in May from 52.2 in the prior month. It was the fifth straight monthly decline. Inflation expectations have edged higher. Economists surveyed by the Wall Street Journal had forecast sentiment rising to 53.5. This is a breaking story. Check back here for updates. Source: Bloomberg
U.S. President Donald Trump said on Friday he was returning to Washington after wrapping up his Gulf tour. "Let's see what happens with Russia and Ukraine," he said, referring to Russia-Ukraine talks taking place in Turkey. Trump said he will meet Russian President Vladimir Putin "as soon as we can set it up". Russian and Ukrainian negotiators will meet in Istanbul on Friday for their first peace talks in more than three years as both sides come under pressure from U.S. President Donald Trump to end Europe's deadliest conflict since World War Two. The encounter at the Dolmabahce Palace...
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...