U.S. President Donald Trump may seek separate talks with Canada and Mexico in a bid to get individual trade deals with the two countries, White House economic adviser Larry Kudlow said on Tuesday. "He is very seriously contemplating kind of a shift in the NAFTA negotiations. His...

A senior aide to U.S. President Donald Trump described trade frictions with Canada on Sunday as a "family quarrel," and brushed aside concerns expressed by Canadian Prime Minister Justin Trudeau. "I think he's overreacting," White House economic adviser Larry Kudlow said of Trudeau on...

French oil major Total has two months to seek exemption from U.S. sanctions after Washington's withdrawal from the international nuclear deal, Iran's oil minister told state news agency SHANA on Wednesday. The minister, Bijan Zanganeh, added that failure to secure an exemption would...

Turkey's central bank said Monday it would complete moves to simplify monetary policy, sparking a strong rally in the country's currency. "A decision has been made to finalize the simplification process regarding the operational framework of the monetary policy," the bank said in a...

After the embattled Turkish lira weakened against the US dollar this week, Turks remain troubled over the economy despite the government's reassurances. The lira's drama worsened on Wednesday when Japanese investors sold Turkish assets, after comments by President Recep Tayyip Erdogan...

Turkey's currency, the lira, has fallen to a record low against the dollar amid concerns about an outflow of investor capital and the country's ability to manage the situation. The lira dropped to over 4.80 per dollar on Wednesday, down some 5 percent since Tuesday. The Turkish...

US Treasury Secretary Steven Mnuchin confirmed Sunday that Washington and Beijing had agreed to back off from imposing tariffs on each other, a day after reaching an accord on slashing the American trade deficit with China. "We have made very meaningful progress and we agreed on a...

Russia's Economy Ministry said Friday that the United States has refused to discuss its steel and aluminium tariffs with Russia within the framework of the World Trade Organization (WTO), Interfax news agency reported. The ministry also plans to inform the WTO that it may introduce...

BMW is expanding a recall of vehicles in Britain, which it launched last week, by 88,000 cars to a total of 390,000, in the wake of a BBC investigation which found that some vehicles could cut out completely while being driven. "BMW has chosen to expand on its existing battery connector...

 German authorities said Friday they had ordered 19,000 Porsche SUVs recalled over emissions cheating, saying a total of 60,000 manipulated vehicles had been identified worldwide. "Illegal 'defeat devices' were identified" in some 4,000 Cayenne and 15,000 Macan cars sold by the...

German Environment Minister Svenja Schulze urged carmakers to speed up technical refits of diesel cars to improve air quality after the European Commission said Thursday it was taking Germany to court for breaching air targets. "If we are to survive in court, we need more and faster...

HSBC Holdings PLC is set to reaffirm its position in Saudi Arabia with the takeover of Royal Bank of Scotland Group PLC’s local venture as lenders bet on the kingdom’s ambitious plans to transform its economy. In the country’s first bank merger in almost 20 years, HSBC affiliate Saudi British...

Turkey's lira slid to a record low and bond yields briefly touched their highest in at least eight years on Tuesday, after President Recep Tayyip Erdogan said he plans to take greater control of the economy after elections next month. Erdogan's comments, in an interview with Bloomberg...

Yemen's Aden refinery is seeking 150,000 tons of oil products for the local market in two separate tenders, the state news agency SABA said Sunday. The refinery is seeking 30,000 tons of unleaded petrol and 30,000 tons of diesel in its first tender, as fuel supplies ran low because of...

(Reuters) - A U.S. appeals court on Friday revived a leading business group’s challenge to a Seattle law, the first of its kind, that would allow drivers for ride-hailing services such as Uber Technologies Inc UBER.UL and Lyft to unionize. The San Francisco-based 9th U.S. Circuit Court...

There is a risk of crude oil prices hitting $100 per barrel next year due to tightening of supply and demand balance in global oil market, investment banking giant Bank of America Merrill Lynch said in a report Thursday. Oil prices have been rising in the past few weeks due to worries...

Saudi Arabia will supply Sudan with millions of tonnes of oil for the next five years to help it tackle a growing energy crisis, the African country's oil minister said Monday. Sudan has been hit with an acute fuel crisis for weeks now, sending black market prices surging in Khartoum as...

Air France's share price dived Monday after its CEO quit and the French government warned that the country's flagship carrier might collapse. A new strike Monday over wage demands, meanwhile, prompted the cancellation of about 15 percent of Air France flights worldwide. The number of...

Libya's Foreign Minister Mohammad Taher Siala discussed the conflict in his country with the secretary of Russia's security council on Thursday in Moscow, the council said. Siala and Nikolai Patrushev also discussed counter-terrorism measures, the statement said.

Turkey's inflation rate edged up to almost 11 percent in April, official statistics showed Thursday, adding to fears that the economy is overheating less than two months ahead of elections. Consumer prices rose 10.85 percent in April from the same month the year earlier, the Turkish...