Currencies

Iran president warns of 'war situation' as sanctions resume

Iran greeted the re-imposition of U.S. sanctions on Monday with air defense drills and an acknowledgement from President Hassan Rouhani the nation faces a "war situation," raising Mideast tensions as America's maximalist approach to the Islamic Republic takes hold.

World stock markets rally on news of Trump-Xi talks

Asian shares advanced Friday after President Donald Trump and his Chinese counterpart Xi Jinping spoke by phone and the Chinese state media reported progress in resolving trade tensions between their two countries.

What's at stake as Italy plays chicken with markets, EU

Italy's government is playing a game of chicken with European authorities and financial markets over plans to spend big — and it's unclear whether the country can avoid a collision that would spread wreckage throughout Europe and the rest of the world.

Asian shares mostly lower despite US markets rally

Strong results from major companies including Microsoft, Visa and Comcast are sending U.S. stocks higher Thursday morning as the market found its footing after three weeks of steep declines.