06:17 AM EST, 03/05/2025 (MT Newswires) -- President Donald Trump urged Congress to repeal the $52 billion CHIPS Act, calling it wasteful government spending, multiple outlets reported Wednesday, citing Trump's speech to Congress. Trump told House Speaker Mike Johnson to repeal the program and redirect any remaining funds toward debt reduction or other uses, media reports said. The legislation has...

06:18 AM EST, 03/05/2025 (MT Newswires) -- Commerzbank in its European Sunrise note of Wednesday highlighted: Markets: German bond Buxl future slumps 3pts after German announcements, remains under pressure in Asia as United States Treasuries soften after President Donald Trump's speech in Congress. S&P falls to pre-election level, e-minis trade sideways in Asia. The US dollar under pressure with EUR...

06:19 AM EST, 03/05/2025 (MT Newswires) -- The Trump administration is preparing an executive order to revive US shipbuilding and reduce China's control over the global maritime industry, the Wall Street Journal reported late Tuesday, citing a review of a draft summary of the order. The order reportedly includes 18 measures, such as imposing fees on Chinese-built ships and cranes...

GENEVA (Reuters) - Canada has requested consultations with the United States on unjustified tariffs at the World Trade Organization, Canada's ambassador to the WTO in Geneva said on Wednesday. The U.S. decision leaves us with no choice but to respond to protect Canadian interests, Ambassador Nadia Theodore said in a statement posted on LinkedIn. A WTO spokesperson confirmed the receipt...