World stocks hovered near their highest levels in six weeks on Friday after a US trade deal with Britain fueled guarded optimism for progress in tariff talks with other countries. India on Friday offered to slash its tariff gap with the US to less than 4 per cent from nearly 13 per cent now, in ex
The S&P 500 hit its highest since early March on Monday as a crucial US-China agreement to slash tariffs put investors worldwide at ease after weeks of uncertainty around the future of global trade. The Dow Jones Industrial Average (.DJI) rose 2.51 to an over one-month peak at 09:45 a.m. ET, while
Saudi oil giant Aramco, a long-time cash cow for the kingdom, reported a 4.6 per cent drop in first-quarter profit on Sunday due to lower sales and higher operating costs as economic uncertainty hit crude markets. The world's top oil exporter reported net profit of 97.54 billion riyals ($26.01 bil
Warren Buffett's Berkshire Hathaway (BRKa.N), opens new tab on Saturday posted a lower operating profit in the first quarter, dented by insurance losses from wildfires and foreign currency changes, while its cash stake grew to a record $347.7 billion. Operating profit for the Omaha, Nebraska-based
Global stocks surged on Friday as signs of possible trade talks between the US and China lifted risk sentiment after lacklustre earning results from tech bellwethers Apple and Amazon fuelled worries about the impact of a global trade war. China said on Friday the United States has repeatedly expre
Global equity markets held at their best levels in over three weeks on Monday, reflecting some hopes that the worst of tariff pain is over, but confusion over U.S. trade policy lingered and trapped the dollar. European shares opened higher, U.S. stock futures were mixed and Asia
European stock markets edged lower on Tuesday, after US President Donald Trump's attack on the Federal Reserve chair sparked a selloff of US assets, putting fresh pressure on Treasuries, while gold hit a new record high. Trump stepped up his criticism of Fed Chair Jerome Powell for not cutting int
Asian shares were trading mixed amid global skepticism about US investments and President Donald Trump’s trade war. Trading was cautious in Asia, where the benchmark Nikkei 225 lost 0.3 per cent to 34,174.38. Australia's S&P/ASX 200 was virtually unchanged, inching up less than 0.1 per cent
Taiwan's top financial regulator said on Saturday it would extend temporary curbs on the short-selling of shares to help ensure stock market (.TWII) stability, and did not give an end date for when the restrictions might be lifted. The curbs were first imposed on April 6 after the United States im
Wall Street's main indexes slid on Wednesday, with chipmakers leading declines as Nvidia warned of steep charges from new US curbs on its chip exports to China, making it one of the biggest casualties of the trade war between the two countries. Global chip stocks took a battering as US President D
World markets won a reprieve on Tuesday after three days of heavy selling that wiped trillions of dollars off the value of shares, but the mood was cautious with a focus on whether Washington might negotiate on some of its aggressive tariffs. Asia stocks bounced off 1-1/2 year lows, European share
President Donald Trump's sweeping tariff plans hammered global financial markets and U.S. stocks braced for more turmoil on Monday, after he warned foreign governments they would have to pay "a lot of money" to lift the levies he called "medicine". Asian equity markets sank, Euro
Asian share markets and US stock futures tumbled on Monday as fears of a global trade war led investors to ramp up bets on the risk of recession and a US rate cut as early as May. Monday's rout extends a two-day selloff that wiped trillions of dollars from equity values after US President Donald T
