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Alibaba's HK shares fall on report of US concern over company's AI on iPhones
** Hong Kong shares of Chinese e-commerce giant Alibaba 9988.HK fall 4.8% to HK$117.5, their lowest since April 30
Mon, May 19
Wall St Week Ahead-Retailers set to give tariff view as US stock market roars back
NEW YORK, May 16 (Reuters) - A batch of U.S. retail earnings reports in the coming week is set to shed more light on the economic fallout from the shifting tariff backdrop and test the stock market's sharp rebound.
Mon, May 19
PRECIOUS-Gold rises as dollar slips, Trump tariff threats fuel safe-haven demand
May 19 (Reuters) - Gold prices rose more than 1% on Monday as the dollar weakened and as U.S. Treasury Secretary Scott Bessent reaffirmed President Donald Trump's tariff threats, boosting safe-haven demand amid renewed trade tensions.
Mon, May 19
Container ship owners swamped as US-China trade detente revives demand
LOS ANGELES/HONG KONG, May 16 (Reuters) - Container ship bookings for China-to-U.S. cargo have surged since the countries declared a 90-day truce on punitive tit-for-tat tariffs last weekend, operators said, spawning traffic jams at Chinese ports and factories that could take weeks to clear.
Mon, May 19
Trump administration is concerned by deal to put Alibaba's AI on iPhones, NYT reports
May 17 (Reuters) - The White House and congressional officials have been scrutinizing Apple's AAPL.O plan to strike a deal with Alibaba 9988.HK to make the Chinese company's AI available on iPhones in China, The New York Times reported on Saturday.U.S. authorities were concerned that the dea...
Mon, May 19
Trump tells Walmart to 'eat the tariffs' instead of raising prices
WASHINGTON, May 17 (Reuters) - U.S. President Donald Trump said on Saturday that Walmartshould "eat the tariffs" instead of blaming duties imposed by his administration on imported goods for the retailer's increased prices.
Mon, May 19
Trump pushes US Federal Reserve for rate cuts, criticizes Powell
WASHINGTON, May 17 (Reuters) - President Donald Trump on Saturday said in a social media post the U.S. Federal Reserve should cut rates "sooner, rather than later."
Mon, May 19
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[Reuters Analysis] Moody's downgrade intensifies investor worry about US fiscal path
NEW YORK, May 18 (Reuters) - A U.S. sovereign downgrade by Moody's has exacerbated investor worries about a looming debt time-bomb that could spur bond market vigilantes who want to see more fiscal restraint from Washington.
Mon, May 19
US seeks long-term trade negotiations with EU, says Vance
ROME, May 18 (Reuters) - U.S. Vice President JD Vance met European Commission President Ursula von der Leyen and Italian Prime Minister Giorgia Meloni on Sunday, and said he hoped their encounter would help move forward trade talks between the EU and the United States.
Mon, May 19
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
Tariff cuts ease mass China layoffs threat, but job market pain persists
BEIJING, May 16 (Reuters) - Chinese worker Liu Shengzun lost two jobs in just one month as U.S. import tariffs shot up to triple digits in April, forcing a Guangdong lighting products factory, and then a footwear maker, to reduce output.
Fri, May 16
