Renewed tensions between the United States and Russia have resurfaced following an incident involving an oil tanker, sparking market concerns about potential disruptions to global energy supplies. Washington's move, associated with tightening oversight and enforcement of sanctions on Russian oil shipments, is viewed by Moscow as provocative and could worsen relations between the two countries. Russia views these actions as an attempt by the United States to suppress Russian energy exports and strengthen its dominance in the global oil market. Meanwhile, Washington argues that these measures...
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...
Barclays no longer expects the U.S. economy to slip into a recession later this year and has revised up its growth forecasts, given signs of a de-escalation in U.S.-China trade tensions, the bank said in a note released late Thursday. Barclays said it now expects the U.S. economy to grow 0.5% this year and 1.6% next year, up from previous forecasts of -0.3% and 1.5%, respectively. Reduced uncertainty and an improved economic backdrop also led Barclays to lift its euro area growth expectations. It now forecasts flat economic growth this year, compared to a 0.2% contraction...
Donald Trump's tariffs on China are likely to remain at levels that are expected to severely restrict Chinese exports to the U.S. after a 90-day truce, analysts and investors say, suggesting Beijing may have to endure further economic pain despite active talks. U.S. levies on Chinese goods imposed this year are likely to remain at 30% through the end of 2025, according to a Bloomberg survey. While much lower than before this week's thaw, the current tariffs are high enough to wipe out 70% of China's shipments to the world's largest economy in the medium term, according to Bloomberg...
Federal Reserve Chair Jerome Powell said Thursday that longer-term interest rates are likely to be higher as the economy changes and policy is in flux. In remarks that focused on the central bank's policy framework review, last done in the summer of 2020, Powell noted that conditions have changed significantly over the past five years. During the period, the Fed witnessed a period of surging inflation, pushing it to historically aggressive interest rate hikes. Powell said that even with longer-term inflation expectations largely in line with the Fed's 2% target, the era of near-zero rates...
Staff from the Trump administration have been hard at work on Thursday, pushing a raft of announcements on a wide range of investment projects with the United Arab Emirates (UAE) that President Trump has been pursuing hard since taking office in January. As is usual for announcements from several faces of the White House team, specific details remain thin, and it remains unclear what kind of timeline these announced projects are expected to take, or how they'll even be accomplished. According to the US Commerce Department, the United Arab Emirates and the US government have agreed on an "AI...
Asian stock markets fell in unison on Thursday, following Wall Street's decline. A brief rally in tech stocks led by Nvidia quickly faded, prompting investors to turn away from riskier assets like...
European stock indices closed marginally lower on Wednesday as equities took a breather from their recent strong momentum, while investors continued to assess the outlook for the ECB's policy this...
The upcoming Supreme Court ruling on the legality of President Donald Trump's massive tariffs, which rocked markets in April, is one of the next major tests for US stocks and bonds.
Equity markets...