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US tariffs, Europe slowdown reshape global solar panels trade
SINGAPORE, May 7 (Reuters) - Solar panel makers in Laos and Indonesia, mostly owned by Chinese firms, boosted their share in the U.S. market after steep tariffs hit exports from other Southeast Asian countries including Cambodia and Thailand, trade data showed.Reuters
Wed, May 7
Mexican Peso steadies as markets await Powell's tone, tariff signals
The Mexican Peso (MXN) extends gains against the US Dollar (USD) on Wednesday, benefiting from renewed hopes of de-escalation in global trade tensions after positive developments between the United States and China.
Fxstreet
Wed, May 7
US Dollar resides near five-day low as traders gauge progress in trade talks, Fed policy
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, trades broadly flat on Wednesday at around 99.40 after printing a fresh five-day low on Tuesday.Fxstreet
Wed, May 7
ANALYSIS-Europe's costly military pensions complicate defence build-up
European countries hiking defence spending to meet NATO targetPension spending makes up close to 20% of some defence budgetsSome countries reach NATO spending target due to pensionsBy Leigh Thomas PARIS, May 7 (Reuters) - European nations want to spend big on artillery, missiles and drones, but c...Reuters
Wed, May 7
Sapphire flags longer road to recovery for Pizza Hut after quarterly sales miss
May 7 (Reuters) - Sapphire Foods India SAPI.NS, a franchisee of U.S.-based fast-food major Yum Brands YUM.N, said Pizza Hut's recovery in India would take longer, after the company reported quarterly revenue slightly below estimates on Wednesday.Indian operators of U.S. chains such as Pizza Hut,...Reuters
Wed, May 7
Gold tumbles as progress in US-China trade talks offsets India-Pakistan conflict
Gold (XAU/USD) drops by more than 1% on Wednesday to $3,391 at the time of writing, ahead of the Federal Reserve (Fed) rate decision and after statements from both China and the United States (US) confirmed that trade talks will kick off this weekend.
Fxstreet
Wed, May 7
Novo Nordisk's CFO sceptical Trump executive order on drug manufacturing can cut timelines
By Maggie Fick and Jacob Gronholt-Pedersen LONDON/COPENHAGEN, May 7 (Reuters) - Obesity drugmaker Novo Nordisk's CFO said on Wednesday he was sceptical that U.S. President Donald Trump's executive order to reduce the time it takes to approve pharmaceutical plants in the country will signi...Reuters
Wed, May 7
Tesla's China-made EV sales fall 6% y/y in April as woes deepen
BEIJING, May 7 (Reuters) - Tesla's TSLA.O China-made electric vehicle sales fell 6% in April from a year earlier, extending declines for a seventh month, as the U.S. automaker grapples with intense competition from its Chinese rivals and a tarnished image in Europe.Deliveries of China-made Model...Reuters
Wed, May 7
Tesla's China-made EV sales fall 6% y/y in April
BEIJING, May 7 (Reuters) - Tesla TSLA.O sold 58,459 China-made electric vehicles in April, down 6% from last year, data from the China Passenger Car Association showed on Wednesday.Deliveries of locally made Model 3 and Model Y vehicles slid 25.8% from the previous month.Tesla's Chinese rival BY...Reuters
Wed, May 7
U.S. Trade Deficit Surges to Record High: Trump's Tariff Short-term Pain or Strategic Failure?
TradingKey – Despite strong opposition from economists, U.S. President Donald Trump remains steadfast in his belief that raising tariffs will reduce the U.S. trade deficit. Ahead of the so-called "reciprocal tariffs" that took effect in April, American companies rushed to import goods ahead of the..TradingKey
Wed, May 7
