Washington: The dollar and equity markets tumbled Thursday after President Donald Trump’s latest tariffs salvo against countries worldwide, fanning a trade war that many fear will spark recession and ramp up inflation. The dollar slumped by as much as 2.6 percent versus the euro, its biggest intraday plunge in a decade, and suffered sharp losses … Read more
Washington: Markets worldwide fluctuated on Tuesday as investors braced for US President Donald Trump’s sweeping “Liberation Day” tariff announcements, hoping they would free businesses from the trade-policy uncertainty that has weighed on markets for weeks. President Trump is set to unveil “reciprocal tariffs”, aligning US duties with those of other nations, on Wednesday afternoon at … Read more
tokyo: Oil prices barely moved on Tuesday as investors weighed the impact of US tariffs on countries buying oil and gas from Venezuela against the effect of tariffs on industries such as automobiles on the global economy and oil demand. Brent crude futures were up 1 cent at $73.01 a barrel by 0121 GMT. US … Read more