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UAE to build biggest AI campus outside US in Trump deal, bypassing past China worries
DUBAI, May 15 (Reuters) - The United Arab Emirates and the United States have signed an agreement for the Gulf country to build the largest artificial intelligence campus outside the United States, a type of deal that previously faced restrictions over Washington's concerns that China could access t
Fri, May 16
US tariffs take centre stage at APEC trade gathering, joint statement in doubt
APEC meeting faces challenges over U.S. tariffs and WTO reforms. U.S. tariffs threaten Asia-Pacific trade growth, APEC warns. Greer's attendance raises stakes, prompts high-level meetings.
Thu, May 15
Oil prices settled down 2% on expectations for US-Iran nuclear deal
Trump says US close to securing Iran nuclear dealRussia's Putin does not meet Ukraine's Zelenskiy in Turkey US crude stockpiles rose unexpectedly last weekIEA slightly upgrades 2025 oil demand growth forecastBy Georgina McCartney LONDON, May 15 (Reuters) - Oil prices settled lower on Thur...
Thu, May 15
Walmart warns of higher prices, withholds second-quarter profit guidance
May 15 (Reuters) - Walmart U.S. comparable sales surpassed expectations in the first quarter, but the retailing giant known for affordable goods said the high costs of tariffs may mean it cannot keep from passing on higher prices to shoppers in the near-future.
Thu, May 15
Lower energy prices drag down European energy stocks
The European energy stock index .SXEP falls 1.67%, as lower oil prices drag down energy stocks. Oil prices slide 3% on Thursday, in anticipation of the US-Iran nuclear deal** The shares in SBM Offshore NV SBMO.AS are down 3.3% despite the Dutch company's in-line results
Thu, May 15
Japan to seek third round of US trade talks next week, sources say
TOKYO, May 15 (Reuters) - Japan's top trade negotiator, Ryosei Akazawa, could travel to Washington as soon as next week for a third round of trade talks with the U.S., two sources with knowledge of the plans told Reuters on Thursday.
Thu, May 15
[Reuters Analysis] Nissan is rolling out big cuts. Turning around sales will prove harder
TOKYO, May 15 (Reuters) - Nissan's 7201.T new chief executive Ivan Espinosa faces an uphill task turning around the troubled Japanese automaker with no guarantee it can reverse sliding top-line sales, analysts said, even as he moves to slash costs.
Thu, May 15
Japan's Nikkei falls for second day as strong yen weighs
TOKYO, May 15 (Reuters) - Japan's Nikkei share average dropped for a second day on Thursday, extending its retreat from a nearly three-month peak, as a stronger yen sent automaker shares sliding.The Nikkei .N225 sank 1.1% to 37,705.74 as of the midday recess, as the yen strengthened for a third...
Thu, May 15
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MORNING BID EUROPE-As euphoria ebbs, Powell on deck
The euphoria from this week's mix of market tailwinds appears to have run its course, with investors left searching for the next catalyst. That could come later in the day from U.S. retail sales and Walmart's earnings.
Thu, May 15
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METALS-Caution over US-China tariff truce drags metals lower
SHANGHAI, May 15 (Reuters) - Prices of most base metals in London edged lower on Thursday, as the U.S.-China tariff truce sparked caution amid uncertainty over various trade deals.
Benchmark copper CMCU3 on the London Metal Exchange (LME) fell 0.6% to $9,533 a metric ton on 0146 GMT.
Thu, May 15
China April bank lending tumbles more than expected amid trade war
BEIJING, May 14 (Reuters) - China's new bank loans tumbled more than expected in April as a protracted trade war with the United States further eroded the market's appetite during a typically slow month for loan demand.
Thu, May 15
Global shares gain, as US dollar steadies following recent steep plunge
NEW YORK/LONDON, May 14 (Reuters) - Global shares gained and major Wall Street indexes were mixed on Wednesday as trade tensions eased between the world's two largest economies, and the U.S. dollar steadied after recent losses.
Thu, May 15
US close to letting UAE import millions of Nvidia's AI chips, sources say
NEW YORK/DUBAI, May 14 (Reuters) - The U.S. has a preliminary agreement with the United Arab Emirates to allow it to import 500,000 of Nvidia's NVDA.O most advanced AI chips per year, starting in 2025, two sources familiar with the situation said, boosting the Emirates' construction of data centers
Thu, May 15
Aramco says has US tie-ups worth up to $90 billion amid Trump Gulf tour
DUBAI, May 14 (Reuters) - Saudi Aramco 2222.SE said on Wednesday it had signed 34 preliminary deals with major U.S. companies, potentially worth up to $90 billion in a push to deepen commercial ties with the United States on the back of President Donald Trump's visit to the kingdom.
Thu, May 15
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Fed policymakers on hold to seek clarity from the data, but the data are not cooperating
WASHINGTON, May 14 (Reuters) - Federal Reserve policymakers are leaving interest rates where they are while they try to assess how U.S. President Donald Trump's sweeping tariffs and ongoing trade negotiations will affect prices and the economy.
Thu, May 15
S&P 500 closes slightly higher, investors focus on trade, wait for data
May 14 (Reuters) - The S&P 500 closed slightly higher after flitting between gains and losses during Wednesday's session as investors waited for the next batch of economic data after a robust start to the week spurred by soft inflation data and a U.S.-China tariff truce.
Thu, May 15
Oil falls after US crude inventories rise
US crude inventories rose last week as imports jumped, EIA saysOPEC trims 2025 non-OPEC+ oil supply growth forecastAPI data shows crude stocks rose 4.3 million barrels last weekUS dollar rebounds from earlier declines By Nicole Jao NEW YORK, May 14 (Reuters) - Oil prices eased on Wednesday after ...
Wed, May 14
Nvidia supplier Foxconn cuts outlook due to currency appreciation
Q1 net profit rises 91% year on yearFoxconn confident on AI server demand, but tariffs cloud outlookFoxconn looking to expand EV footprint, no new projects announcedBy Wen-Yee Lee and Yimou Lee TAIPEI, May 14 (Reuters) - Taiwan's Foxconn 2317.TW, the world's largest contract electronics m...
Wed, May 14
Germany's Merck drops China surcharge on orders after US-China tariff deal
SHANGHAI, May 14 (Reuters) - German healthcare and materials group Merck KGaA MRCG.DE has dropped a surcharge on life sciences sector orders within China following the U.S.-China agreement to pause sky-high tariffs on each other, the company said Wednesday.
Wed, May 14
Tesla board explores new pay deal for CEO Elon Musk, FT reports
May 14 (Reuters) - Tesla's TSLA.O board has formed a special committee to review CEO Elon Musk's compensation, which could result in a new stock options package, the Financial Times reported on Wednesday.The two-member committee comprises Tesla board Chair Robyn Denholm and independent board...
Wed, May 14
