Reuters

contributor

Reuters

Latest

Crypto execs ask Congress to let stablecoins pay interest as bill set to advance

April 3 (Reuters) - Some influential cryptocurrency executives are making a last-minute pitch to Congress to allow interest to be paid on U.S. dollar-pegged tokens as part of popular legislation establishing a regulatory framework for stablecoins.That lobbying effort has been met with mixed reactions from lawmakers, and has also raised concerns from financial industry watchdogs who warn yield-bearing stablecoins could encourage consumers to move deposits into uninsured crypto accounts and out of the regulated banking system.

Apr 03, 2025 - 12:24 PM

With tariff details in hand, Fed now has to weigh inflation risks against blow to growth

WASHINGTON, April 3 (Reuters) - U.S. Federal Reserve officials who've said they needed more details before estimating the economic impact of President Donald Trump's trade plans got perhaps more than they bargained for on Wednesday when he unveiled sweeping tariffs analysts say could dramatically reshuffle the country's economic outlook.

Apr 03, 2025 - 12:15 PM

Euro, yen surge vs dollar as investors grapple with tariff aftermath

April 3 (Reuters) - The euro and the Japanese yen soared against the dollar on Thursday, as investors grappled with how U.S. President Donald Trump's far-reaching tariffs will impact global trade and economic growth.Investors continue to flock to safe-haven units such as the yen and Swiss franc as the dollar weakened to six-month lows against both those currencies.

Apr 03, 2025 - 12:12 PM

Gold eases after record high on knock-on effect of wider selloff

April 3 (Reuters) - Gold prices trimmed losses on Thursday after falling over 2% from an all-time high, as a wider market selloff triggered by U.S. President Donald Trump's import tariffs infected bullion traders.Spot gold fell 0.8% to $3,108.55 as of 11:27 a.m. EDT (1527 GMT) after earlier scaling a record high $3,167.57.U.S. gold futures fell 1.1% to $3,132.40.

Apr 03, 2025 - 11:52 AM

Trump's trade policies triggered largest Asian equity outflows in at least 15 years in Q1

April 3 (Reuters) - Foreign investors withdrew the largest amount of money from Asian equities in about 15 years in the quarter to March ahead of U.S. President Donald Trump's major tariffannouncement - and some say the region may see more selling as investors head for safe-haven assets.

Apr 03, 2025 - 11:47 AM

Trump stokes trade war as world reels from tariff shock

WASHINGTON/BEIJING/BRUSSELS, April 3 (Reuters) - President Donald Trump's move to impose sweeping tariffs on U.S. imports sparked threats of retaliation on Thursday, as companies and governments rushed to count the costs from an escalating trade war that threatens to shake up global alliances.

Apr 03, 2025 - 11:45 AM

US trade deficit narrows in February

WASHINGTON, April 3 (Reuters) - The U.S. trade deficit narrowed in February, but the level of imports remained elevated after businesses front-loaded goods to avoid higher prices from tariffs, keeping trade on track to be a drag on economic growth in the first quarter.The trade gap contracted 6.1% to $122.7 billion from a revised record $130.7 billion in January, the Commerce Department's Bureau of Economic Analysis (BEA) said on Thursday.Economists polled by Reuters had forecast the trade deficit

Apr 03, 2025 - 9:54 AM

US tech, retail stocks lead rout after Trump's tariff blow

April 3 (Reuters) - Megacap U.S. tech companies including Apple and retail giants Walmart and Nike led a global market meltdown as President Donald Trump's sweeping new tariffs heightened fears of a spike in costs across a wide swath of industries.The tariffs, which threaten to destabilize the world trade order and unsettle businesses, mark a sharp reversal from just a few months ago when hopes of business-friendly policies under the Trump administration pushed U.S. stocks to record highs.

Apr 03, 2025 - 9:47 AM

Investors stunned by Trump tariffs prepare for global growth shock

LONDON, April 3 (Reuters) - Big investors reeling from the shock of U.S. President Donald Trump's hefty new tariffs are pulling out their global recession playbooks and rushing to diversify away from battered Wall Street stocks and the dollar.

Apr 03, 2025 - 9:42 AM

Canada posts surprise trade deficit in February, exports still near record level

OTTAWA, April 3 (Reuters) - Canada unexpectedly swung into a trade deficit in February but both exports and imports stayed at near record levels, data showed on Thursday, as businesses kept building up inventories to offset some impacts of impending tariffs.

Apr 03, 2025 - 9:36 AM

Relatively lower tariff hit, slumping dollar helps rupee hold ground

MUMBAI, April 3 (Reuters) - The rupee closed modestly stronger on Thursday, aided by a broadly weaker dollar and inflows as markets grappled with the impact of sweeping U.S. reciprocal tariffs and their impact on global trade and growth dynamics.India is facing a relatively softer levy of 27% than regional peers such as China, Vietnam and Thailand, which also was a sentimental positive for the currency.

Apr 03, 2025 - 9:21 AM

Export-reliant central Europe weighs repercussions of Trump tariffs

PRAGUE/BUDAPEST, April 3 (Reuters) - Leaders in the Czech Republic and Poland signalled a readiness on Thursday to retaliate to new U.S. tariffs, while Hungary blamed Brussels for tensions with Washington, as central Europe began counting the likely costs of a trade war.

Apr 03, 2025 - 9:10 AM

Reuters

Latest

Dollar sinks as investors grapple with tariff aftermath

Wall Street sinks on fears Trump tariffs to trigger recession

Equity long/short hedge funds wipe out year gains in market rout

US produces most uranium since 2018, EIA says

Myanmar’s tin-rich Wa State delays mining resumption meeting after earthquake

TSX slumps to near three-week low as Trump's tariffs stir recession fears

Canadian dollar heads for biggest gain in two years after tariff reveal

US bank stocks sink as Trump's tariffs cloud dealmaking, loan demand

Crypto execs ask Congress to let stablecoins pay interest as bill set to advance

With tariff details in hand, Fed now has to weigh inflation risks against blow to growth

Euro, yen surge vs dollar as investors grapple with tariff aftermath

Gold eases after record high on knock-on effect of wider selloff

Trump's trade policies triggered largest Asian equity outflows in at least 15 years in Q1

Trump stokes trade war as world reels from tariff shock

US trade deficit narrows in February

US tech, retail stocks lead rout after Trump's tariff blow

Investors stunned by Trump tariffs prepare for global growth shock

Canada posts surprise trade deficit in February, exports still near record level

Relatively lower tariff hit, slumping dollar helps rupee hold ground

Export-reliant central Europe weighs repercussions of Trump tariffs

Reporters

Contributors