Asian currencies inch lower, focus on U.S. healthcare vote

By Masayuki Kitano

SINGAPORE  - Most Asian currencies were steady to slightly lower on Friday, ahead of a U.S. vote on a healthcare bill that is seen as a gauge of the Trump administration's ability to implement its policy goals.

U.S. President Donald Trump's struggles to secure passage of the bill have stirred renewed concern about possible del

How a border tax could divide Boeing and its suppliers

By Alwyn Scott

SEATTLE - A U.S. tax overhaul proposed by Republican leaders in Congress would deepen divisions between big manufacturers like Boeing Co and the thousands of smaller companies that supply them, according to suppliers and tax and trade experts.

U.S. automakers and other manufacturers that rely on imported components also would be affected by th

Dollar, world stocks inch up as US healthcare vote back on

By Wayne Cole

SYDNEY  - The dollar recouped a little lost ground on Friday amid signs a delayed vote on President Donald Trump's healthcare bill would go ahead later in the day, though it remained unclear whether it would pass.

Investors regard the vote as test for the Trump presidency that could show whether it can muster the backing needed to push

Donald Trump preparing orders to review trade deals, procurement - officials

By David Lawder and David Shepardson

WASHINGTON  - The Trump administration is preparing new executive orders to re-examine all 14 U.S. free trade agreements and review government procurement policies to aid American companies, two administration officials said.

The North American Free Trade Agreement (NAFTA) with Mexico and Canada will top the list of

Insight: As Trump targets energy rules, oil companies downplay their impact

BOSTON - President Donald Trump’s White House has said his plans to slash environmental regulations will trigger a new energy boom and help the United States drill its way to independence from foreign oil.

But the top U.S. oil and gas companies have been telling their shareholders that regulations have little impact on their business, according to a Reuters revi

European shares slip as investors stay cautious over Trump plans

MILAN - European shares fell in early trade on Thursday as investors assessed the risks to Donald Trump's stimulus plans, just before a vote in the U.S. Congress on his healthcare bill.

By 0822 GMT, the pan-European STOXX 600 index was down 0.1 percent, following slight losses in the previous session. Britain's FTSE fell 0.2 percent.

The U.S. vote, w

Taiwan unveils US$29 billion stimulus amid uncertainty over U.S., China

By Faith Hung and Jeanny Kao

TAIPEI  - Taiwan announced a T$882.4 billion ($29 billion) stimulus package on Thursday to boost its export-driven economy in the face of uncertainty from its two largest trading partners, the United States and China.

Taiwan's trade-reliant economy is showing signs of recovery, but it is highly vulnerable to protectionis

Gold below 3-week peak as dollar recovers; Donald Trump policy in focus

By Sethuraman N R

 Gold prices on Thursday held below a 3-week peak hit in the prior session, as the dollar recovered from seven-week lows and markets looked to see if U.S. President Donald Trump could push through a healthcare bill.

Spot gold was down 0.2 percent at $1,246.51 per ounce at 0353 GMT. On Wednesday, it touched its strongest since Feb. 28 at $1,251.26.

U.S. shares recover after downturn; gold rallies

By Sam Forgione

NEW YORK  - U.S. shares recovered from five-week lows on Wednesday following a downturn on concerns over potential delays to President Donald Trump's pro-growth policies, while European shares ended lower and safe-haven gold, U.S. Treasuries, and the yen rallied on those worries.

The benchmark U.S. S&P 500 stock index notched its

Asia stocks rise, but gains for dollar, oil capped by jitters

By Nichola Saminather

SINGAPORE  - Asian stocks edged up on Thursday, while the dollar's gains were limited as U.S. President Donald Trump's struggle to push through a healthcare reform bill raised doubts over whether he can win support for pro-growth economic policy measures.

European markets are poised for a stronger start, with financial spre

India tries to fix Iran trade payments as Trump hardens line

By Nidhi Verma and Manoj Kumar

NEW DELHI  - India is exploring setting up a new payments mechanism for trade with Iran, after its old sanctions workaround broke down, as state banks remain fearful of handling payments from Tehran in case the United States imposes a fresh financial embargo.

U.S. President Donald Trump has denounced an agreement between I

Gold hits 3-week peak as investors shun equities on Donald Trump worries

By Sethuraman N R

Gold prices rose to a three-week high on Wednesday as risk-averse investors dumped equities amid a weaker dollar and sought safe havens on growing doubts about U.S. President Donald Trump's economic agenda.

Spot gold had risen 0.3 percent to $1,247.56 per ounce by 0644 GMT, after touching a three-week peak of $1,248.47.

U.S. gold futures were

Asian stocks slide as fresh Trump jitters damage risk sentiment

By Saikat Chatterjee

HONG KONG  - Asian stocks posted their biggest drop in two weeks on Wednesday as growing doubts about Donald Trump's economic growth agenda prompted investors to dump risky assets and rush to safe havens such as gold and government debt.

Equity markets across the region were a sea of red and the Australian dollar nursed heavy lo

China prepares to counter any U.S. trade penalties - sources

By Kevin Yao

BEIJING  - China's government has been seeking advice from its think-tanks and policy advisers on how to counter potential trade penalties from U.S. President Donald Trump, getting ready for the worst, even as they hope for business-like negotiations.

The policy advisers believe the Trump administration is most likely to impose higher t

CORRECTED - Global Economy Weekahead: Three votes down - now for the French

By Jeremy Gaunt

LONDON  - Americans angry with their lot elected the anti-establishment Donald Trump despite a U.S. economy running at an annual rate of around 3.5 percent and unemployment at a meagre 4.6 percent.

Britons believing they were being left hanging voted to leave the wealthy European Union trading bloc regardless of an economy gaining a rela

Analysis - G20 ministers give Mnuchin space to define Trump trade agenda

By David Lawder

BADEN BADEN, Germany  - Wary of their first official encounter with U.S. President Donald Trump's blustery trade agenda, the world's top finance officials were relieved to find new Treasury Secretary Steven Mnuchin polite and business-like over the weekend.

But they yielded ground to the newcomer's push for the Group of 20 ma

Donald Trump says North Korea 'behaving very badly,' China has done little to help

WASHINGTON, March 17  - U.S. President Donald Trump said on Friday North Korea is "behaving very badly" and China has done little to help, hours after Secretary of State Rex Tillerson said a U.S. policy of strategic patience with North Korea had ended.

"North Korea is behaving very badly. They have been 'playing' the United States for years

Global economy weekahead: Three votes down - now for the French

By Jeremy Gaunt

LONDON  - Americans angry with their lot elected the anti-establishment Donald Trump despite a U.S. economy running at an annual rate of around 3.5 percent and unemployment at a meagre 4.6 percent.

Britons believing they were being left hanging voted to leave the wealthy European Union trading bloc regardless of an economy gaining a rela

Indian drugmakers face squeeze in U.S. healthcare market

By Zeba Siddiqui

MUMBAI - India's small and medium-sized generic drugmakers say the threat of tougher rules and higher barriers for outsiders in the U.S. healthcare market will force many to find a niche or focus their expansion efforts on other countries.

India supplies nearly a third of medicines sold in the United States, the world's largest healt

Donald Trump's budget cuts to domestic, aid programs draw Republican scorn

By Richard Cowan and Roberta Rampton

WASHINGTON  - President Donald Trump's first budget outline, calling for a security-heavy realignment of federal spending, drew resistance on Thursday from his fellow Republicans in the U.S. Congress as many balked at proposed deep cuts to diplomatic and foreign aid programs.

Conservatives have plenty to like in

Trump budget would slice domestic programs, foreign aid

By Roberta Rampton and Richard Cowan

WASHINGTON - President Donald Trump on Thursday will offer the first details of his plans for deep cuts in domestic programs and foreign aid, releasing a budget outline that would boost military spending by $54 billion and seek cuts of the same size in non-defense programs.

Early drafts described by government officials

China's Anbang denies report of Kushner property investment

NEW YORK - China's Anbang Insurance Group said it is not investing in a flagship Manhattan office tower owned by the family of Jared Kushner, U.S. President Donald Trump's son-in-law and senior adviser.

Anbang Insurance Group was named in a Bloomberg report on Monday as a possible investor in a $4 billion deal to buy the 41-floor building located at 666 Fifth

Kushners set to get $400 million from Anbang on Manhattan tower - Bbg

A company owned by the family of Jared Kushner, U.S. President Donald Trump's son-in-law, stands to receive over $400 million from China's Anbang Insurance Group, that is investing in a Manhattan building owned by the Kushners, Bloomberg reported.

Details of the agreement are being circulated to attract additional investors, Bloomberg reported on Monday. 

The bu

Captains of German indusMerkel on Trump trip

By Georgina Prodhan

FRANKFURT - Bosses of German companies including engineering group Siemens and carmaker BMW will travel with Chancellor Angela Merkel to meet U.S. President Donald Trump this week, sources familiar with the matter told Reuters.

Faced with Trump's "America First" policy and threats to impose tariffs on imported goods, the cap

U.S. tourism sector faces squeeze of strong dollar, Donald Trump travel ban

By Maria Sheahan

BERLIN - The U.S. travel sector is bracing for a year in which a strong dollar and uncertainty over President Donald Trump's travel ban could deter visitors, industry representatives said at the world's biggest tourism trade fair in Berlin.

Trump on Monday signed a revised executive order banning citizens from six Muslim-majority nat