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Buffett to remain Berkshire chairman but shares fall after Abel named CEO
May 5 (Reuters) - Warren Buffett will stay on as chairman of Berkshire Hathaway BRKa.N after Vice Chairman Greg Abel takes over as chief executive officer, the conglomerate said on Monday.
May 6, 2025
Trump orders 100% tariff on foreign-made movies to save 'dying' Hollywood
Trump says authorizing agencies to start process of imposing tariff Commerce Secretary Lutnick posts on X: 'We're on it.'Trump says US movie industry dying a 'very fast death'Australia, New Zealand vow to support their film industriesShares in Disney, Paramount fall in early trad...
May 5, 2025
Dollar slips, Taiwan dollar surge draws eyes
SYDNEY/LONDON, May 5 (Reuters) - The U.S. dollar slipped again on Monday as a meteoric surge in its Taiwanese counterpart stoked speculation some Asian countries were prepared to engineer revaluations of their currencies to win U.S. trade concessions.
May 5, 2025
Gold rises more than 2% on dollar weakness, safe-haven demand
May 5(Reuters) - Gold prices rose more than 2% on Monday, helped by a weaker dollar and safe-haven inflows after new tariffs from U.S. President Donald Trump reignited worries about the effects of a global trade war.
May 5, 2025
RPT-COLUMN-Deep cuts or none at all? A gulf exists in Fed views: Mike Dolan
By Mike Dolan LONDON, May 5 (Reuters) - There are countless measures of elevated U.S. economic uncertainty right now, but the deep gulf in forecasts for Federal Reserve interest rates paints a particularly messy picture.Few if any expect the Fed to cut its main policy rate this week, despite rele...
May 5, 2025
Global economy already feeling drag from Trump tariffs
May 5 (Reuters) - U.S. President Donald Trump's tariffs are increasingly clogging up the wheels of a world economy which for decades were greased by predictable and relatively free trade.
May 5, 2025
Australia, New Zealand pledge support for film industry after Trump proposes tariffs
SYDNEY, May 5 (Reuters) - Australia and New Zealand vowed to advocate for their film industries on Monday after U.S. President Donald Trump announced a plan to impose 100% tariffs on foreign-made movies.
May 5, 2025
Taiwan central bank governor to hold news conference after currency surges
TAIPEI, May 5 (Reuters) - Taiwan central bank governor Yang Chin-long will hold a news conference on Monday afternoon about the domestic foreign exchange market, the bank said, after the Taiwan dollar surged against the U.S. dollar.The news conference will start at 4:30 p.m. (0830 GMT), the central
May 5, 2025
Gold gains on weaker dollar; traders brace for Fed rate decision
Fed's interest rate decision due this weekGold may trade in the $3,200-$3,350 range ahead of the Fed meeting, analyst saysDollar down 0.3% against its rivalsBy Anushree Mukherjee May 5(Reuters) - Gold firmed on Monday, supported by a softer dollar, as investors waited to see how U.S.-China tr...
May 5, 2025
Dollar under water as surge in Taiwan dollar spills over
SYDNEY, May 5 (Reuters) - The dollar was losing ground again on Monday as a meteoric surge in its Taiwanese counterpart spilled over elsewhere, fuelling speculation some Asian countries were prepared to engineer revaluations to win U.S. trade concessions.
May 5, 2025
Trump says he wants a fair trade deal with China
ABOARD AIR FORCE ONE, May 4 (Reuters) - U.S. President Donald Trump on Sunday said the U.S. was meeting with many countries, including China, on trade deals, and his main priority with China was to secure a fair trade deal.Trump told reporters aboard Air Force One that he had no plans to speak with
May 5, 2025
Wall St Week Ahead-Fed outlook in focus as US stocks rally picks up steam
NEW YORK, May 2 (Reuters) - The Federal Reserve meeting in the coming week is set to test the U.S. stock market's sharp rebound, with investors hoping the central bank is poised to resume lowering interest rates in the months ahead.
May 5, 2025
Gold gains on softer dollar, Fed decision awaited
May 5(Reuters) - Gold prices edged higher on Monday, helped by a weaker dollar, while investors awaited more clarity on trade policy between the U.S. and its trading partners, and looked forward to the Federal Reserve's policy decision due later this week.FUNDAMENTALS* Spot gold XAU= gained 0.2%...
May 5, 2025
Oil posts biggest weekly loss in a month ahead of OPEC+ meeting
Oil down 8% this week in steepest weekly decline since MarchOPEC+ moves up meeting to discuss June output plan to May 3Group to decide whether to accelerate or slow supply hikesSigns of trade-war de-escalation help check oil's declineBy Shariq Khan NEW YORK, May 2 (Reuters) - Oil prices fell ...
May 2, 2025
European data centre exposed stocks rise on Microsoft, Meta outlook
Shares in data centre-focused stocks in Europe rise, with analysts pointing to Microsoft's MSFT.O and Meta's META.O strong results and outlook
May 2, 2025
PRECIOUS-Gold rebounds from two-week low; US jobs data in focus
China evaluating US offer to negotiate tariffsUS non-farm payrolls report due at 1230 GMTChinese markets closed for Labour Day holiday from May 1-5 By Anushree Mukherjee and Anmol Choubey May 2 (Reuters) - Gold gained on Friday as investors rushed to buy the metal a day after its prices hit a two...
May 2, 2025
Stocks gain on signs of easing Sino-US trade tensions
Global stocks surged on Friday as signs of possible trade talks between the U.S. and China lifted risk sentiment after lacklustre earning results from tech bellwethers Apple and Amazon fuelled worries about the impact of a global trade war.
May 2, 2025
Japanese investors raise foreign stock holdings for sixth week on easing trade tensions
Japanese investors raised their foreign stock holdings for a sixth straight week as their sustained appetite for overseas equities was further bolstered by signs that the U.S. and China were willing to ease trade tensions.
May 2, 2025
Asian stocks rise on signs of easing Sino-US trade tensions
Asian stock markets and U.S. futures rose on Friday as signs of possible trade talks between the U.S. and China lifted risk sentiment after lacklustre earnings from tech bellwethers Apple and Amazon fuelled worries about the impact of tariffs.
May 2, 2025
INDIA STOCKS-Indian benchmark indexes may open higher on hopes of a US trade deal
India's equity benchmarks are set to open higher on Friday, with sentiment getting a boost after U.S. President Donald Trump said that he has a "potential" trade deal with New Delhi.
May 2, 2025
