Global equities paused their record-breaking rally in Asian trading as investors braced for a flurry of earnings from megacap technology companies and policy announcements from major central banks this week. Asian sharesfell 0.4% and futures pointed to a weaker open for Europe. Japanese shares extended their drop as the yen gained. Contracts for the US…
Gold and silver continued to rally this week, despite a Friday tumble, amid renewed trade tensions between the world’s top economies. In China, credit growth slowed, dragged by government bond sales and sluggish loan demand among households and companies. In the US, private-sector gauges of inflation showed signs of tariffs boosting the prices of some…
Trump cabinet officials told a federal appeals court that ruling the president’s global tariffs illegal would seriously harm US foreign policy, with Treasury Secretary Scott Bessent warning of “dangerous diplomatic embarrassment.” The administration on Friday filed statements by Bessent, Commerce Secretary Howard Lutnick and Secretary of State Marco Rubio in the US Court of Appeals…
By Elisa Anzolin, Mimosa Spencer and Dominique Patton PARIS/MILAN (Reuters) -L’Oreal and a growing number of European fashion and cosmetics companies are exploring use of an obscure, decades-old U.S. customs clause known as the “First Sale” rule as a potential way to soften the impact of U.S. President Donald Trump‘s tariffs. While Trump and European…
PARIS (Reuters) -The French wine and spirits exporters’ federation FEVS said on Monday the trade deal struck between the European Union and the United States was expected to confirm duty-free trade in spirits. Since April, U.S. duties on EU spirits had been provisionally set at 10%. As far as wine was concerned, not everything has…