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US and Russian officials have met in Turkey to discuss ways of normalizing the operations of their countries' embassies. Russia's state-run Tass news agency says the US and Russian diplomats held talks for five and a half hours at the Russian Consulate General in Istanbul on Thursday. The officials reportedly agreed to make it easier for diplomats to travel and receive visas. The agency also says the two sides discussed the need to resume direct air service between the countries. The Russian side is said to have mentioned that it...

NEW YORK — Wall Street shuddered, and a level of shock unseen since the outbreak of COVID-19 tore through financial markets worldwide Thursday on worries about the damage President Donald Trump’s newest set of tariffs could do to economies across continents, including his own.The S&P 500 sank 4.8%, more than in major markets across Asia and Europe, for its worst day since the pandemic crashed the economy in 2020. The Dow Jones Industrial Average dropped 1,679 points, or 4%, and the Nasdaq composite tumbled 6%.Related:D-FW Fortune 500s lose $49 billion...

As the market's US exceptionalism narrative wanes this year, there are two places investors may want to look to for returns.Amid trade uncertainty and dimming economic prospects, US markets have been rattled in 2025. The recent stock market correction has spurred talk that investors may be better off looking abroad than hoping for US equities to regain their footing. After years of underperformance, international stocks are suddenly in the spotlight as they surpass US peers.According to BlackRock, there are two markets in particular where investors should look to park some...

The real-estate frenzy sparked by the arrival of coronavirus pandemic in 2020 has had lasting effects on Palm Beach real estate. Here are some highlights.Video: Morning traffic enters Palm Beach over Flagler Memorial BridgeVideo: Early morning drivers enter Palm Beach across the Flagler Memorial Bridge February 13, 2025.Five years after the coronavirus pandemic arrived in Palm Beach, its boom-time effects on local real estate continue to resonate.Although the real estate frenzy has cooled a bit over the past two years, home prices in Palm Beach remain higher and the number...

(Bloomberg) -- India’s dollar stockpile had its biggest weekly gain in over three years, bolstered by the Reserve Bank of India’s currency swap operations last month.Foreign exchange reserves grew by $15.3 billion to nearly $654 billion in the week to March 7, data released on Thursday showed. That is the highest weekly gain since Aug. 27, 2021, according to Bloomberg-compiled data.This comes after the central bank injected $10 billion through a foreign-exchange swap auction on Feb. 28, stepping up efforts to ease a cash crunch in the financial system. The...

(Bloomberg) -- India’s dollar stockpile had its biggest weekly gain in over three years, bolstered by the Reserve Bank of India’s currency swap operations last month.Foreign exchange reserves grew by $15.3 billion to nearly $654 billion in the week to March 7, data released on Thursday showed. That is the highest weekly gain since Aug. 27, 2021, according to Bloomberg-compiled data.This comes after the central bank injected $10 billion through a foreign-exchange swap auction on Feb. 28, stepping up efforts to ease a cash crunch in the financial system. The...

The Mexican peso slumped after U.S. President Donald Trump imposed new import tariffs against the country, though other developing-nation currencies held their own amid concerns about the impact of the escalating trade war on growth in the world’s largest economy. The peso fell as much as 1% against the dollar, extending its decline to a fourth day and hitting the weakest level in a month after the 25% duties came into effect, together with levies on Canada and China. Investors are awaiting Mexico’s response, with President Claudia Sheinbaum expected to...

Japan was also in the firing line on Monday.The US president accused the country of currency manipulation, and hinted he might respond with tariffs. Trump said other countries are deliberately pushing down the value of their currencies to give their economies a competitive advantage. He singled out Japan and China. Trump said he had phoned Chinese President Xi Jinping and Japanese leaders. He said he told them that they can't continue to devalue their currencies against the dollar because it's unfair to the US. Trump said the easy solution for...

(Bloomberg) -- From China’s artificial-intelligence successes to Dubai’s immigrant-led boom and rising prospects of debt restructuring in Venezuela and Lebanon, the winning emerging-market trades of 2025 all help investors withstand President Donald Trump’s trade agenda. Such selective trades are protecting investors from the unpredictability of Trump’s second term because they aren’t reliant on exports to the US, interest-rate cuts or a weak dollar. While benchmark indexes across stocks, bonds and currencies in developing markets have had the best start in years, the end of February brought a selloff, triggered by yet another...