Trump says US struck Iran and sank ships in the Strait of Hormuz
President Trump says the U.S. has sunk several ships in the Strait of Hormuz and is carrying out intermittent strikes…
World News
Global economic and financial news — Federal Reserve decisions, geopolitical events, trade policy and macroeconomic data that move financial markets worldwide.
US and allies push IAEA board to report Iran to UN Security Council, diplomats say
The United States and Britain, France and Germany are pushing other members of the U.N. nuclear watchdog's board to report…
Trump threatens to halt trade with deficit countries unless Fed cuts rates
President Trump escalated his feud with the Federal Reserve, warning he will halt trade with countries the US runs a…
EU joins U.S. sanctions campaign against Iran as South Korea weighs Hormuz military role
The European Union has formally joined the U.S.-led "Operation Economic Outcast" sanctions campaign against Iran, while South Korea weighs sending…
Chinese banks fund US Treasury buying spree with dollar deposits
China's biggest state banks lifted dollar deposit rates above 3% in June, pulling in enough dollars to fund a fresh…
