News
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China's Xi calls for a stronger manufacturing industry, Xinhua reports
BEIJING, May 20 (Reuters) - Chinese President Xi Jinping called for continuous efforts to build a stronger manufacturing industry, the official Xinhua news agency reported on Tuesday. Xi stressed the need for the country to be self-reliant and to master core technologies on a visit to a bearings man...Reuters
Tue, May 20
Vietnam says PetroVietnam to increase crude oil purchases from ExxonMobil
HANOI, May 20 (Reuters) - Vietnam's finance ministry said on Tuesday that state-owned energy company PetroVietnam is looking to increase crude oil purchases from Exxon Mobil XOM.N, following a working visit with several Vietnamese firms to the United States.The ministry said it held talks with U...Reuters
Tue, May 20
Vietnam says second round of trade talks started in Washington
HANOI, May 20 (Reuters) - Vietnam's trade ministry said a second round of trade negotiations with the United States has started in Washington, with the Southeast Asian country hoping to avoid a threatened 46% tariff rate.The second round of talks began on Monday and will run until May 22, the mi...Reuters
Tue, May 20
China April soy imports from Brazil fall 22.2% vs year earlier
BEIJING, May 20 (Reuters) - China's soybean imports from Brazil fell 22.2% in April from a year earlier, data showed on Tuesday, as harvest delays, logistics issues and prolonged customs clearance disrupted shipments. China imported 4.60 million metric tons of the oilseed from Brazil last month,...Reuters
Tue, May 20
Fed officials take cautious view on US markets amid downgrade
NEW YORK, May 19 (Reuters) - U.S. Federal Reserve officials speaking on Monday took on cautiously the ramifications of the latest downgrade of the U.S. government’s credit rating and unsettled market conditions as they continued to navigate a very uncertain economic environment.Reuters
Tue, May 20
RBA expected to cut interest rate as focus turns to inflation, growth outlook
The Reserve Bank of Australia (RBA) is set to lower the Official Cash Rate (OCR) by 25 basis points (bps) to 3.85% from 4.1% after concluding its May monetary policy meeting on Tuesday. The decision will be announced at 04:30 GMT.Fxstreet
Mon, May 19
BoE's Dhingra says her rate decision signalled economic direction
LONDON, May 19 (Reuters) - Bank of England policymaker Swati Dhingra said on Monday her decision to vote for a half-point reduction in the central bank's recent interest rate decision was to make a statement on the direction of the British economy."I get to pick times when I want to be able ...Reuters
Mon, May 19
'Choose France' summit brings 20 billion euros of new investment
By Dominique Vidalon and Michel Rose PARIS, May 19 (Reuters) - This year's "Choose France" business summit is set to secure 20 billion euros ($22.47 billion) of new investment, French President Emmanuel Macron said, announcing projects in defence, energy and industry as well as in art...Reuters
Mon, May 19
JPMorgan expects dealmaking fees to drop, keeps CEO succession plans steady
Interest income outlook steady despite uncertainty, CFO saysAI-driven efficiency could reduce headcountBank open to acquisitions, but will be cautiousBy Nupur Anand and Niket Nishant NEW YORK, May 19 (Reuters) - JPMorgan Chase JPM.N shares slid after the bank told investors its investment bankin...Reuters
Mon, May 19
Fed's Bostic: I only see one rate cut this year, but could be more if trade talks pick up
Federal Reserve (Fed) Bank of Atlanta President Raphael Bostic hit newswires on Monday with his own rate cut forecast. According to Bostic, the Fed is on pace to do only a single quarter-point rate cut in 2025.Fxstreet
Mon, May 19
BoE's Dhingra: If the US Dollar goes up, we have to worry about rate dynamics and UK inflation
Bank of England (BoE) Monetary Policy Committee (MPC) member Dr. Swati Dhingra cautioned that the United Kingdom (UK) could be facing a rocky road on inflation, especially as knock-on effects from the Trump administration's tariff-heavy trade policies reverberate through the global economy.
Fxstreet
Mon, May 19
What to Watch in the Day Ahead - Tuesday, May 20
Home Depot is expected to post a rise in first-quarter revenue as solid demand from professional contractors offset a slowdown in spending on big-ticket renovation projects. Investors will look out for any comments on demand recovery, impact from Chinese tariffs and potential price hikes.JPMorgan Ch...Reuters
Mon, May 19
Fed's Kashkari says investor confidence key to government debt challenge
May 19 (Reuters) - Federal Reserve Bank of Minneapolis President Neel Kashkari said on Monday investor confidence is key to how the government navigates high levels of deficit spending. “Right now there's a question mark being raised about, what is the U.S. long-term competitive position going t...Reuters
Mon, May 19
SNB's Schlegel: Switzerland is not a currency manipulator except when it needs to be
Chairman of the Swiss National Bank (SNB) Martin Schlegel noted on Monday that uncertainty surrounding inflation has made it more difficult to actively manage foreign currency flows, noting that there are functionally no suitable alternatives for central banks to manage their holdings without US Tre
Fxstreet
Mon, May 19
