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Stocks soar and oil prices plunge after US-Iran ceasefire

(NEW YORK) -- Stocks soared and oil prices plunged in early trading on Wednesday, just hours after the U.S. and Iran announced a two-week ceasefire.The Dow Jones Industrial average surged 1,215 points, or 2.6%, while the S&P 500 climbed 2.5%. The tech-heavy Nasdaq jumped ...
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Asian stocks exodus fuels largest emerging market outflows since 2020, IIF data shows

By Libby George LONDON, April 8 (Reuters) - Foreign investors pulled $70.3 billion from emerging market assets in March, the biggest outflow since the pandemic rout in March 2020, data from a global banking trade group showed on Wednesday. Outflows from emerging equities, especially in Asia, ...
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In an uncertain environment for corporate giving, Liberty Mutual Foundation launches $600M endowment

NEW YORK (AP) - Corporate foundations' philanthropic commitments were called into question this past year as tariff-driven uncertainty, rising costs and tax law changes prompted many companies to reconsider their charitable strategies. Nonprofits received a reassuring answer this week, however, from the century-old, Boston-based Liberty ...
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IATA chief says jet fuel supply could take months to recover after Hormuz reopening

SINGAPORE, April 8 (Reuters) - The head of a body representing global airlines said on Wednesday that even if Iran reopened the Strait of Hormuz it would take months for jet fuel supply to recover given disruptions to Middle East refining capacity. Oil fell ...
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Asian benchmarks jump after oil prices sink in response to the Iran ceasefire

TOKYO (AP) - Asian shares surged in Wednesday morning trading, as oil prices plunged after the U.S. and Iran agreed to a two-week ceasefire that includes the reopening of the Strait of Hormuz. Japan's benchmark Nikkei 225 gained 5.0% to 56,106.18 in early trading. ...
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China’s Xi urges demand-driven growth in services industry 

BEIJING, April 8 (Reuters) - China's President Xi Jinping has called for a demand-driven approach coupled with reform and technological empowerment to develop the service industry, the official Xinhua news agency reported on Wednesday. China will cultivate more "China service" brands and push production-oriented services ...
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Morning Bid: Two weeks to breathe

A look at the day ahead in European and global markets from Ankur Banerjee A sparkling relief rally across assets will greet Europe after U.S. President Donald Trump and Iran agreed to a two-week ceasefire that could pave the way for the crucial Strait of ...
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Panama authorizes First Quantum to remove material from closed copper mine

PANAMA CITY, April 7 (Reuters) - Panama's trade ministry has issued a resolution allowing First Quantum Minerals to remove material from its shuttered Cobre Panama mine out of the country. The ministry said in a statement this resolution aims to prevent environmental risks and protect ...
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Donald Trump Jr. criticizes the European Union during a trip to Bosnia

BANJA LUKA, Bosnia-Herzegovina (AP) - Donald Trump Jr. lashed out at the European Union on Tuesday, saying its liberal policies were discouraging investment and predicted a "major fracture" between the bloc's eastern and western member states. The eldest child of the U.S. president said ...
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Bridge over Panama Canal closed after a truck explosion kills 1 person

PANAMA CITY (AP) - The explosion of a fuel truck at the base of a bridge over the Panama Canal has left one person dead and prompted Panamanian authorities to close the span while firefighters investigate the accident and engineers assess the damage. The blast ...
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USTR Greer says US-Mexico-Canada pact talks may run past July 1 deadline

WASHINGTON, April 7 (Reuters) - The Trump administration will try to resolve as many problems with the U.S.-Mexico-Canada trade agreement as it can before July 1, but negotiations to rebalance the trade pact are likely to continue past that deadline, U.S. Trade Representative Jamieson ...
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Heads of IEA, IMF, World Bank to meet next Monday to discuss energy crisis

PARIS, April 7 (Reuters) - The leaders of the International Energy Agency, the International Monetary Fund and the World Bank will discuss the energy crisis triggered by the Iran war next Monday, IEA executive director Fatih Birol said on Tuesday. "This energy crisis calls for ...
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