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China's industrial profit growth quickens even as Iran war heightens risks

China's industrial profit growth quickens even as Iran war heightens risks

BEIJING, April 27 (Reuters) - Profits at China's industrial firms grew at their quickest pace in half a year last month, adding to broader signs of an uneven economic recovery in the first quarter as policymakers brace for the impact of the Middle East war.

Iran war disrupts the circuit board supply chain, raises costs for tech firms

Iran war disrupts the circuit board supply chain, raises costs for tech firms

By Che Pan, Liam Mo and Hyunjoo Jin BEIJING/SEOUL, April 27 (Rtrs) - The conflict in the Middle East has disrupted supplies of crucial raw materials and pushed up prices of the printed circuit boards (PCB) used in almost all electronic devices, from smartphones and computers to AI servers, industry

Nations meet to discuss fossil fuel exit as Iran war drives up prices

Nations meet to discuss fossil fuel exit as Iran war drives up prices

By Kate Abnett BRUSSELS, April 27 (Reuters) - Around 60 governments, including Brazil, Germany, Canada and Nigeria, will hold the first international meeting this week to discuss phasing out fossil fuels, as the Iran war upends global oil and gas markets and sends prices soaring.

Analysis-Under cover of trade truce with Trump, China expands economic pressure toolkit

Analysis-Under cover of trade truce with Trump, China expands economic pressure toolkit

By Mei Mei Chu BEIJING, April 27 (Reuters) - When U.S. President Donald Trump met Chinese President Xi Jinping last October, he rated the summit a "12 out of 10," and the White House said China would "effectively eliminate" rare earth export controls and cease retaliation against U.S. firms.

Dollar advances as US-Iran talks suffer setback

Dollar advances as US-Iran talks suffer setback

By Ankur Banerjee SINGAPORE, April 27 (Reuters) - The U.S. dollar started Monday's session on the front foot as dimming hopes of a deal to end the Middle East war sapped the mood, keeping the Japanese yen pinned near the crucial 160 level ahead of the Bank of Japan's policy decision later in the

Trading Day: Tech in a world of its own

Trading Day: Tech in a world of its own

By Jamie McGeever ORLANDO, Florida, April 27 (Reuters) - Oil prices rose again on Monday on the lack of any sign that the Strait of Hormuz will reopen soon, but that didn't prevent the S&P 500 and Nasdaq from eking out new highs, as investors awaited a raft of earnings and central bank meetings this

Bank of Japan set to keep rates steady as Iran war clouds outlook

Bank of Japan set to keep rates steady as Iran war clouds outlook

By Leika Kihara TOKYO, April 28 (Reuters) - The Bank of Japan is widely expected to hold off raising interest rates on Tuesday, but drop hawkish signals to leave itself scope to push up borrowing costs in coming months to counter inflationary pressure from the Middle East conflict.

Japan's record bull run under threat as Mideast war clouds earnings season

Japan's record bull run under threat as Mideast war clouds earnings season

By Satoshi Sugiyama TOKYO, April 27 (Reuters) - As Japanese companies begin earnings season with rosy reports of results past, investors are watching out for signs of the Middle East conflict upending business forecasts and derailing what has been a world-beating bull run in shares.

Toyota sales fall for second month in March on Middle East slump, RAV4 model change

Toyota sales fall for second month in March on Middle East slump, RAV4 model change

TOKYO, April 27 (Reuters) - Toyota Motor said on Monday global vehicle sales fell for a second successive month in March, as a sharp drop in the Middle East and a model changeover for its popular RAV4 sport utility vehicle weighed on deliveries.

President Trump's Economic Strategy Targets Iran with Blockade and Sanctions

President Trump's Economic Strategy Targets Iran with Blockade and Sanctions

President Trump has initiated a comprehensive economic strategy aimed at pressuring Iran through a combination of a naval blockade and financial sanctions. This approach is part of an ongoing economic and psychological war of attrition between the United States and Iran, with each side attempting to force the other into diplomatic negotiations. The U.S. strategy includes a naval blockade to prevent Iran from exporting oil and a freeze on cryptocurrency accounts linked to the Iranian Revolutionary Guards. This economic warfare is designed to weaken Iran's regime without directly impacting its civilian population. Meanwhile, Israel is observing the situation closely, preparing for potential escalations in the region.

Euro zone banks tighten access to credit as Iran war bites: ECB survey

Euro zone banks tighten access to credit as Iran war bites: ECB survey

FRANKFURT, April 28 (Reuters) - Euro zone banks tightened access to credit in the three months to March and expect to continue doing so this quarter as the war in Iran pushes up energy prices and funding costs, a European Central Bank survey showed on Tuesday.

China and Russia Condemn U.S.-Israel Military Actions Against Iran, Call for Ceasefire

China and Russia Condemn U.S.-Israel Military Actions Against Iran, Call for Ceasefire

China and Russia have issued strong condemnations of the military actions taken by the United States and Israel against Iran, which began in February 2026. Both countries have criticized the strikes as violations of international law and have called for an immediate cessation of hostilities. The conflict has resulted in significant casualties and damage to civilian infrastructure in Iran and neighboring Gulf states. China and Russia have emphasized the need for a return to diplomatic negotiations and have expressed concerns about the potential for the conflict to escalate further, affecting regional stability and global economic conditions. The two nations have also highlighted the importance of respecting Iran's sovereignty and have criticized the U.S. and Israel for their unilateral actions without U.N. Security Council authorization.