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Taiwan says it has concluded first 'substantive' tariff talks with US
TAIPEI, May 3 (Reuters) - Taiwan's government said on Saturday that it had concluded its first round of "substantive" tariff talks with the United States, describing the atmosphere as frank and cordial.A semiconductor powerhouse that runs a large trade surplus with the U.S., Taiwan had b...Reuters
Sat, May 3
Australians vote in national election with their sights on Trump, living costs
Labor leads in polls amid global uncertainty from Trump's tariffsAlbanese emphasises stable leadership, Dutton focuses on economic challengesVotes for minor parties and independents could influence election outcomePolls to close at 6 p.m., 0800-1000 GMT depending on time zoneBy Kirsty Needham an...Reuters
Sat, May 3
Spain must raise defence spending to 3% of GDP, says EU defence chief
MADRID, May 3 (Reuters) - Spain will have to raise defence spending to 3% of gross domestic product, the European defence commissioner said in a newspaper interview published on Saturday, as European countries bend to pressure from U.S. President Donald Trump to spend more. The 23 members of the Eur...Reuters
Sat, May 3
US, Japanese officials to start trade consultations, Treasury says; Japan said skeptical
US, Japan had 'frank and constructive' talks, Treasury saysUS negotiators were reluctant to lower levies, Nikkei reportsNext meeting expected in mid-May WASHINGTON/TOKYO May 2 (Reuters) - Top U.S. and Japanese officials agreed to start immediate working-level consultations after "fran...Reuters
Sat, May 3
Trump says US in transition period, downplays impact of short-term recession
WASHINGTON, May 2 (Reuters) - President Donald Trump said on Friday the U.S. was in a "transition period" and was going to do "fantastically" while downplaying the impact any short-term recession may have.When asked during an interview with NBC News whether it would be OK to have a r...Reuters
Fri, May 2
Top US, Japan officials agree to advance trade talks in Washington meeting
May 2 (Reuters) - Top U.S. and Japanese officials agreed to immediately start working-level consultations to build upon trade-related discussions held in a meeting in Washington, the U.S. Treasury Department said on Friday.The meeting, which took place on Thursday, included U.S. Treasury Secretary S...Reuters
Fri, May 2
Mexican Peso holds steady, poised for weekly losses
The Mexican Peso (MXN) remained firm against the US Dollar (USD), though it is poised to finish the week with losses of over 0.40% after economic data revealed in Mexico painted a gloomy economic outlook, despite the fact that the economy surprisingly grew in the first quarter of 2025.
Fxstreet
Fri, May 2
Trump proposes $163 billion cut to US budget that slashes domestic spending
Trump seeks big boost in homeland security spendingBudget plan aims to cut non-defense discretionary spending 23%Critics say budget cuts services needed by working AmericansBy Andrea Shalal, James Oliphant and Bo Erickson WASHINGTON, May 2 (Reuters) - U.S. President Donald Trump's administrat...Reuters
Fri, May 2
TREASURIES-Yields rise on solid jobs gains, rate cut bets pushed to July
Employers added 177,000 jobs in AprilTreasury to auction 3-, 10-, 30-year debt next weekTraders pus bets on next rate cut to JulyJapan says could use Treasury holdings in trade negotiationsBy Karen Brettell May 2 (Reuters) - U.S. Treasury yields rose to a one-week high on Friday after data showed...Reuters
Fri, May 2
Monero and Zcash hold steady despite EU's plan to ban privacy tokens by 2027
Monero (XMR) and Zcash (ZEC) saw a 5% and 3% gain, respectively, on Friday despite the European Union (EU) indicating plans to ban privacy tokens in its new anti-money laundering regulations (AMLR), set to take effect by 2027.Fxstreet
Fri, May 2
Dow Jones soars 600 points as NFP data calms recession fears, weekly gains top 3%
The Dow Jones Industrial Average (DJIA) rallied over 600 points, or over 1.65%, on Friday following a solid US jobs report that brushed aside fears that the largest economy in the world is tied into a recession.Fxstreet
Fri, May 2
WRAPUP 4-US labor market resilient ahead of tariff turbulence
Nonfarm payrolls increase by 177,000 jobs in AprilFebruary, March payrolls count revised down by 58,000 jobsUnemployment rate unchanged at 4.2%; labor force swellsAverage hourly earnings rise 0.2%; up 3.8% year-on-yearAverage workweek steady at an upwardly revised 34.3 hoursBy Lucia Mutikani WASH...Reuters
Fri, May 2
