Loonie edges up as Canada retaliates with tariffs on US goods
Canada's dollar inched higher after Ottawa announced retaliatory tariffs on $20 billion in US imports, escalating the trade conflict.
Economy
Brazil Campaigns Split on Cure for Soaring Long-Term Borrowing Costs
Brazil's presidential rivals offer opposing fixes for high long-term interest rates, with Lula's team backing bond buybacks and Bolsonaro's urging spending cuts.
Brazil's July Tax Revenue Hits Record High on Strong Corporate Collections
Brazil's federal tax revenue hit a record July high, rising 8.97% in real terms to 289.3 billion reais.
IMF Chief: Global Economy Weathers Energy Shock, Fiscal Strains Loom
IMF's Georgieva says the global economy has coped with the Gulf energy shock better than expected, but fiscal pressures and inflation risks remain.
Iran rejects new US sanctions as 'systematic bullying', hints at talks
Iran condemns fresh US sanctions as unlawful, while Oman and Tehran discuss a Hormuz shipping corridor and Pakistan relays messages.
Mexico's 'super peso' rally: A boon for some, a burden for exporters
Mexico's peso has surged nearly 20% since January, driven by a weak dollar and carry trades, but the strong currency is now pressuring exporters.
Putin signs decree allowing state takeover of drone-hit infrastructure
Russia's president has signed a decree permitting temporary state control of critical facilities if owners fail to protect them from drone attacks.
US New Home Sales Slump in July as Consumer Confidence Hits Seven-Month Low
US new home sales fell 10.5% in July to 607,000 units, the lowest since January. Consumer confidence also dipped to a seven-month low.
Canada Hits Back With Tariffs on $20 Billion of US Goods
Canada imposes retaliatory tariffs on $20 billion of US goods, matching Washington's duties dollar-for-dollar, and announces business support.
Gas queues grow in Tehran as US tightens sanctions, but leaders hold firm
US sanctions deepen Iran's fuel crisis, with long queues and inflation, but leaders resist and no protests emerge.
Canada Unveils Dollar-for-Dollar Tariffs on US Goods as Trade War Deepens
Canada will impose matching tariffs on hundreds of US goods starting Sept. 8, escalating the North American trade conflict.
Canada Announces Dollar-for-Dollar Tariffs on US Goods
Canada will impose matching tariffs on $20B of US goods from Sept 8, responding to Washington's 50% duties.
Brazil in Talks for Fertilizer Subsidies as Iran Conflict Hits Supply
Brazil's fertilizer industry seeks a 2 billion-real subsidy from the government to counter supply disruptions from the Iran war.
Canada Hits Back With Dollar-for-Dollar Tariffs on US Goods
Canada announces retaliatory tariffs on C$27.6 billion of US goods, effective September 8, and a C$7.5 billion support package for affected workers and industries.
Iraq's Dollar Dependence Makes It a Test Case for US Sanctions on Iran's Partners
US pressure on Iraq over Iran trade highlights how dollar dependence can be used to enforce sanctions on other partners.
US consumer confidence hits seven-month low in August
US consumer confidence fell to 89.4 in August, the lowest since January, as expectations for jobs and inflation worsened.
Russia weighs grain export duty removal as Black Sea shipments stall
Russia considers scrapping grain export duty and rerouting shipments after Ukrainian attacks halt Black Sea exports, pressuring farmers.
Hungary's central bank cuts rate for third time, signals more easing possible
Hungary's central bank cut its base rate by 25 bps to 5.5%, the third straight reduction, and left room for further easing.
US-Canada tariff standoff threatens North American trade pact
Fresh US tariffs on Canada escalate tensions, risking economic damage and the future of the USMCA trade pact.
Tehran Drivers Queue for Hours as Fuel Shortage Worsens
Tehran residents face long queues at gas stations due to a widening fuel supply-demand gap, with officials boosting distribution to ease the crunch.