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Temu-owner PDD Holdings profit dives as it faces challenges at home and abroad
PDD faces intense local competition and global trade uncertaintyAnalysts cite tariffs and weak operating margin for profit divePDD invests 100 billion yuan to support merchants amid challengesBy Arsheeya Bajwa and Casey Hall May 27 (Reuters) - Chinese e-commerce firm PDD Holdings PDD.O saw first-...Reuters
Tue, May 27
Fed's Barkin flags economic caution as inflation and fiscal strain linger
Richmond Fed President Thomas Barkin highlighted persistent uncertainty in the US economy, pointing to muted business activity, fiscal drag, and inflation expectations weighing on sentiment. While consumer spending remains resilient for now, policymakers are closely watching the evolving data.Fxstreet
Tue, May 27
Fed's Barkin: Data hasn't shown the economy yet turning towards higher prices or joblessness - BBG
WASHINGTON, May 27 (Reuters) - Recent economic data has shown the U.S. economy largely on the same path as it was last year, Richmond Fed president Thomas Barkin said in comments on Bloomberg Television's Open Interest show."The published data shows an economy very much on the same trajector...Reuters
Tue, May 27
Temu-owner PDD Holdings profit dives as it faces challenges at home and abroad
PDD faces intense local competition and global trade uncertaintyAnalysts cite tariffs and weak operating margin for profit divePDD invests 100 billion yuan to support merchants amid challengesBy Arsheeya Bajwa and Casey Hall May 27 (Reuters) - Chinese e-commerce firm PDD Holdings PDD.O saw first-...Reuters
Tue, May 27
US Pres. Trump: EU has called to quickly establish meeting dates
"I was extremely satisfied with the 50% tariff allotment on the European Union, especially since they were slow walking (to put it mildly!), our negotiations with them," United States (US) President Donald Trump said in a post published on Truth Social on Tuesday.Fxstreet
Tue, May 27
Trump says EU call to set up trade meetings is positive
WASHINGTON, May 27 (Reuters) - U.S. President Donald Trump on Tuesday said the EU's move to set up trade meetings was positive and that he hoped Europe would "open up" to trade with the U.S."This is a positive event, and I hope that they will, FINALLY, like my same demand to China, o...Reuters
Tue, May 27
Brazil mid-month inflation decelerates in May amid tight monetary policy
SAO PAULO, May 27 (Reuters) - Inflation in Brazil decelerated more than expected in the month to mid-May, figures from government statistics agency IBGE showed on Tuesday. Consumer prices as measured by the IPCA-15 index rose 0.36% in the month to mid-May, down from 0.43% in the previous mo...Reuters
Tue, May 27
U.S. Steel to have majority-U.S. board after Nippon deal, Sen. McCormick tells CNBC
May 27 - U.S. Steel X.N will be led by an American chief executive and have a majority-U.S. board following its acquisition by Japan’s Nippon Steel 5401.T, Senator Dave McCormick said in a CNBC interview on Tuesday.Nippon will also grant the U.S. government a so-called golden share as part of the ag...Reuters
Tue, May 27
AfDB cuts Africa's 2025 growth forecast on trade tariffs uncertainty
NAIROBI, May 27 (Reuters) - Africa's economic output is expected to grow by 3.9% this year, the African Development Bank said in its annual African Economic Outlook report on Tuesday, quickening from last year's pace of 3.3%.However, this year's forecast - which covers economies of all i...Reuters
Tue, May 27
US core capital goods orders tumble in April
WASHINGTON, May 27 (Reuters) - New orders for key U.S.-manufactured capital goods fell in April, suggesting business spending on equipment weakened at the start of the second quarter.Non-defense capital goods orders excluding aircraft, a closely watched proxy for business spending plans, tumbled 1.3...Reuters
Tue, May 27
Swiss monthly gold imports from the U.S. hit highest since at least 2012
LONDON, May 27 (Reuters) - Gold imports to Switzerland from the United States jumped to the highest monthly level since at least 2012 in April after the exclusion of precious metals from U.S. import tariffs, Swiss customs data showed on Tuesday.Switzerland, the world's biggest bullion refining a...Reuters
Tue, May 27
ASEAN leaders agree tariff deals with US should not harm members
Anwar says ASEAN has to protect its turfSoutheast Asian countries among hardest hit by tariffsASEAN urges nationwide expansion of Myanmar ceasefireASEAN has consensus on Myanmar engagement, Anwar says By Danial Azhar KUALA LUMPUR, May 27 (Reuters) - Southeast Asian leaders reached an understandin...Reuters
Tue, May 27
Euro zone bond yields edge down on French inflation data, tariff concerns
By Stefano Rebaudo May 27 (Reuters) - Euro area bond yields dropped on Tuesday after French inflation data came in weaker than expected, while concerns about the potential adverse economic impact of U.S. tariffs persisted.Borrowing costs edged up on Monday as the U.S. backed away from its threat ...Reuters
Tue, May 27
Why this rise in US yields is so remarkable – Commerzbank
At the beginning of the year, yields were higher, and in the fall of 2023 they were even significantly higher. And at that time, no one questioned the stability of US public finances. US government bond yields and the value of the US dollar have been closely correlated to date.Fxstreet
Tue, May 27
