News
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Trump tariffs reinstated during appeals process as federal courts consider filings
According to the United States (US) Court of Appeals for the Federal Circuit, federal judges need more time to weigh the filings that have been brought by both sides of the US Court of International Trade (USCIT) decision to suspend President Donald Trump's far-reaching tariffs.Fxstreet
Thu, May 29
TREASURIES-Yields drop in choppy trading after court blow to Trump tariffs
Yields decline on heightened trade policy uncertaintyData points to underlying US economic weaknessSeven-year auction meets strong demandBy Davide Barbuscia NEW YORK, May 29 (Reuters) - U.S. Treasury yields fell on Thursday on soft economic data and on the back of a court ruling blocking most of ...Reuters
Thu, May 29
Trump tariff setback could hasten US debt ceiling deadline, says Barclays
By Davide Barbuscia NEW YORK, May 29 (Reuters) - A court ruling blocking most of U.S. President Donald Trump's import duties could add uncertainty around when the government will no longer be able to pay all its obligations without raising the U.S. debt ceiling, Barclays analysts said.A U.S. ...Reuters
Thu, May 29
Trump personally told Fed Chair Powell it was a mistake to not lower rates, White House says
WASHINGTON, May 29 (Reuters) - President Donald Trump told Federal Reserve Chair Jerome Powell in a private meeting on Thursday that he was making a "mistake" by not lowering key interest rates, White House spokeswoman Karoline Leavitt said.Reuters
Thu, May 29
Fed's Goolsbee: US trade court ruling may extend tariff uncertainty
May 29 (Reuters) - A U.S. trade court ruling blocking some of the Trump administration's sweeping tariffs may not clear up the uncertainty that is holding back U.S. businesses, Federal Reserve Bank of Chicago President Austan Goolsbee said on Thursday, because the administration may find other ...Reuters
Thu, May 29
Nvidia discloses more China risks, but CEO praises Trump
Nvidia discloses risks from rules on Chinese vehicle tech, open-source AIHuang praises Trump's Middle East tour for boosting US tech leadershipNvidia forecasts $45 billion sales despite US-China trade tensionsShares of the company jump 4%By Stephen Nellis May 29 (Reuters) - Even as Nvidia rep...Reuters
Thu, May 29
Fed's Powell meets with Trump, reiterates that Fed decisions are based on data
According to a statement by the Federal Reserve (Fed), Fed Chair Jerome Powell met with United States (US) President Donald Trump on Thursday, where the head of the Fed reiterated that the Fed's decisions on monetary policy are based on trackable data from the US economy.Fxstreet
Thu, May 29
Spain's largest bank Santander explores stablecoin offering and retail crypto access
Santander, the largest bank in Spain, is expanding its business to include digital assets, with early-stage plans to issue stablecoins denominated in US Dollars (USD) and Euros (EUR). The offerings could extend retail access to cryptocurrencies through Openbank, Santander's digital bank.Fxstreet
Thu, May 29
US crude and fuel inventories fall, Nigerian crude imports jump, EIA says
By Liz Hampton and Georgina McCartneyDENVER, May 29 (Reuters) - U.S. crude and fuel inventories all fell last week, while crude imports from Nigeria hit their highest level in nearly six years, the Energy Information Administration said on Thursday.Crude inventories fell by 2.8 million barrels to 44...Reuters
Thu, May 29
RBC CEO Dave McKay Says Changes To Long Standing US, International Trade Policy Has Resulted In A Volatile And Uncertain Operating Environment
May 29 (Reuters) - Royal Bank of Canada RY.TO:RBC CEO DAVE MCKAY SAYS CHANGES TO LONG STANDING US AND INTERNATIONAL TRADE POLICY HAS RESULTED IN A VOLATILE AND UNCERTAIN OPERATING ENVIRONMENTRBC CEO MCKAY SPEAKING ON QUARTERLY CONFERENCE CALLRBC CEO MCKAY SAYS NOT PROJECTING RECESSION IN EITHER CANA...Reuters
Thu, May 29
Fed's Goolsbee: if tariffs are avoided, policy rate can come down
May 29 (Reuters) - Chicago Federal Reserve Bank President Austan Goolsbee on Thursday said he believes that if big tariffs could be avoided, either through trade deals or otherwise, the U.S. central bank could likely cut interest rates given the underlying strength of the economy and the direction o...Reuters
Thu, May 29
Fed's Goolsbee: if tariffs are avoided, policy rate can come down
May 29 (Reuters) - Chicago Federal Reserve Bank President Austan Goolsbee on Thursday said he believes that if big tariffs could be avoided, either through trade deals or otherwise, the central bank could likely cut interest rates, given the underlying strength of the economy and the direction of in...Reuters
Thu, May 29
Fed's Goolsbee: Rates could come down if tariffs are avoided by a deal or otherwise
Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee said on Thursday that they could return to a situation where interest rates could come down if tariffs are avoided by a deal of otherwise, per Reuters.Fxstreet
Thu, May 29
TREASURIES-Yields slip in choppy trading after court blow to Trump tariffs
Yields decline on heightened trade policy uncertaintyData points to underlying US economic weaknessSeven-year auction due later on Thursday By Davide Barbuscia NEW YORK, May 29 (Reuters) - U.S. Treasury yields slipped on Thursday on soft economic data and on the back of a court ruling blocking mo...Reuters
Thu, May 29
Turkish firms see promise and peril in sanctions-free Syria
Syria has huge needs for vast reconstruction effortTurkish exports to Syria up 37% in early 2025Challenges include banking and tax issuesSecurity concerns persist despite new Syrian governmentBy Ceyda Caglayan ISTANBUL, May 29 (Reuters) - Turkish companies see big opportunities in neighbouring Sy...Reuters
Thu, May 29
COLUMN-Trump tariff reprieve could create more risk in Treasury market: Klement
By Joachim KlementMay 29 - Investors worldwide woke up on Thursday to news that the U.S. Court of International Trade had ruled that U.S. President Donald Trump exceeded his authority with many of the tariffs announced since January. But this news isn’t as good as it may seem at first glance, especi...Reuters
Thu, May 29
