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Oil posts weekly gain but remains under supply hike pressure
Brent, WTI rise after more than 2% drop in previous sessionBrent and WTI post second straight weekly gains Focus on Iran nuclear deal IEA hikes supply growth forecast, eyes surplus this year and next By Arathy Somasekhar HOUSTON, May 16 (Reuters) - Oil settled higher on Friday, notching a second ...
Fri, May 16
Microsoft makes Office-Teams offer to avert EU antitrust fine
BRUSSELS, May 16 (Reuters) - Microsoft MSFT.O has offered to make its Office product without Teams cheaper than when sold with Teams, EU antitrust regulators said on Friday, which could spare the company a big fine and ease tensions with the United States.
Fri, May 16
US STOCKS-Wall Street set to continue strong weekly showing as trade, inflation jitters ease
May 16 (Reuters) - Wall Street's main indexes were set to open higher on Friday, building on this week's gains fueled by a U.S.-China tariff truce and tamer inflation data, while a vote on President Donald Trump's sweeping tax legislation was also in focus.
Fri, May 16
Trump wraps up Gulf tour with AI and energy deals in UAE
AI deal is major win for Abu DhabiTrump wraps up Gulf tour focused on business dealsUAE commits to greater investments in US energy sectorBy Nayera Abdallah, Yousef Saba and Federico Maccioni DUBAI, May 16 (Reuters) - President Donald Trump said on Friday on his last stop on a Gulf tour focused o...
Fri, May 16
Sterling on track for fifth weekly rise versus euro, await UK-EU meeting
May 16 (Reuters) - Sterling was on track for its fifth straight weekly rise against the euro on Friday, while hovering near its highest levels since early April.
President Donald Trump's April 2 announcement of aggressive trade duties triggered a sharp but brief selloff in U.S. assets in the...
Fri, May 16
Japanese shares end flat on optimism for corporate outlook
TOKYO, May 16 (Reuters) - Japanese shares recouped early losses to end flat on Friday, as stronger-than-expected domestic earnings prompted investors to overlook a stronger yen and pour more money into stocks.
Fri, May 16
Gold set for worst week in 6 months as trade calm dents appeal
May 16 (Reuters) - Gold prices dropped on Friday and were poised for their steepest weekly decline in six months, as a stronger dollar and waning trade war concerns dampened its appeal as a safe-haven asset.Spot gold XAU= shed 0.6% to $3,221.19 an ounce as of 0624 GMT. Bullion has lost more than...
Fri, May 16
JGB yields fall tracking US peers, on weak economic data
TOKYO, May 16 (Reuters) - Japanese government bond yields fell on Friday, tracking sharp declines of U.S. Treasury yields overnight, and as weaker-than-expected economic data underpinned demand for bonds.
Fri, May 16
Turkey to hold meetings with Ukraine, Russia and U.S. in peace push
ISTANBUL, May 16 (Reuters) - Turkey will take part in two trilateral meetings on Friday in Istanbul as part of renewed diplomatic efforts to end the war in Ukraine, Turkish Foreign Ministry sources said.
Fri, May 16
Japan's economy shrinks more than expected as US tariff hit looms
TOKYO, May 16 (Reuters) - Japan's economy shrank for the first time in a year and at a faster pace than expected, data for the March quarter showed on Friday, underscoring the fragile nature of its recovery now under threat from U.S. President Donald Trump's trade policies.
Fri, May 16
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