Inflation challenge

Trump’s reciprocal tariffs will overturn decades of trade policy

President Donald Trump is taking a blowtorch to the rules that have governed world trade for decades. The “reciprocal’’ tariffs that he announced on Thursday are likely to create chaos...

Global stock markets wobble, gold shines as tariff uncertainty looms

US stock markets retreated and gold hit a fresh high Tuesday as traders kept a nervous eye on US President Donald Trump’s next tariff moves and worried about inflation and...

Gold races to record highs after Trump’s tariff threats

Gold climbed more than 1 per cent on Monday, as US President Donald Trump’s latest tariff plans heightened fears of a global trade war, fuelling demand for the safe-haven metal...

US job growth slows in January; unemployment rate at 4 per cent

US job growth slowed more than expected in January after robust gains in the prior two months, but a 4.0% unemployment rate probably will give the Federal Reserve cover to...

Stocks, dollar stumble as China quickly hits back at US tariffs

US stock futures and the dollar fell on Tuesday, while Hong Kong shares slipped from two-month highs, as the US and China went tit-for-tat on tariffs and raised the spectre...

Trump unleashes tariff war, sparks worry

United States President Donald Trump had imposed 25 per cent tariff on all imports from Mexico and Canada, and 10 per cent more on Chinese imports through executive orders by...

Wall Street nosedives as Trump’s tariffs hit stock markets globally

Worries about President Donald Trump’s tariffs are hurting US stocks on Monday as financial markets worldwide drop on concerns about a potential trade war.The S&P 500 was down 1.4% in...

Key US inflation measure posts largest monthly gain since April

US inflation increased by the most in eight months in December amid a surge in consumer spending, suggesting the Federal Reserve would probably be in no hurry to resume cutting...

US economy resilient despite moderation in growth

US economic growth slowed in the fourth quarter as a strike at Boeing depressed business investment in equipment, but consumer spending increased at its fastest pace in nearly two years,...