News
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Trump signs executive order to encourage US drug manufacturing
May 5 (Reuters) - U.S. President Donald Trump signed an executive order on Monday that aims to reduce the time it takes to approve pharmaceutical plants in the country, as part of new regulations to encourage domestic manufacturing.The order directs the U.S. Food and Drug Administration to streamlinReuters
Tue, May 6
Oil ends at four-year lows as OPEC+ accelerates output hikes
NEW YORK/LONDON, May 5 (Reuters) - Oil fell by more than $1 a barrel on Monday to settle at over four-year lows as an OPEC+ decision to expedite its output hikes stoked fears about rising global supply at a time when the demand outlook is uncertain.
Reuters
Tue, May 6
US Dollar Index approaches 100 as Taiwan Dollar surge triggers spillover, Bessent words
The US Dollar Index (DXY), which measures the value of the US Dollar against a basket of currencies, posted mild gains on Monday as the Taiwan Dollar surged over 5%. The move sparked a broader rally in Asian currencies amid speculation of FX conversions by exporters.Fxstreet
Tue, May 6
Trump orders 100% tariff on foreign-made movies to save 'dying' Hollywood
Trump says authorizing agencies to start process of imposing tariff Commerce Secretary Lutnick posts on X: 'We're on it.'Trump says US movie industry dying a 'very fast death'Australia, New Zealand vow to support their film industriesShares in Disney, Paramount fall in early trad...Reuters
Mon, May 5
Dollar slips, Taiwan dollar surge draws eyes
SYDNEY/LONDON, May 5 (Reuters) - The U.S. dollar slipped again on Monday as a meteoric surge in its Taiwanese counterpart stoked speculation some Asian countries were prepared to engineer revaluations of their currencies to win U.S. trade concessions.Reuters
Mon, May 5
RPT-COLUMN-Deep cuts or none at all? A gulf exists in Fed views: Mike Dolan
By Mike Dolan LONDON, May 5 (Reuters) - There are countless measures of elevated U.S. economic uncertainty right now, but the deep gulf in forecasts for Federal Reserve interest rates paints a particularly messy picture.Few if any expect the Fed to cut its main policy rate this week, despite rele...Reuters
Mon, May 5
Australia, New Zealand pledge support for film industry after Trump proposes tariffs
SYDNEY, May 5 (Reuters) - Australia and New Zealand vowed to advocate for their film industries on Monday after U.S. President Donald Trump announced a plan to impose 100% tariffs on foreign-made movies.Reuters
Mon, May 5
Taiwan central bank governor to hold news conference after currency surges
TAIPEI, May 5 (Reuters) - Taiwan central bank governor Yang Chin-long will hold a news conference on Monday afternoon about the domestic foreign exchange market, the bank said, after the Taiwan dollar surged against the U.S. dollar.The news conference will start at 4:30 p.m. (0830 GMT), the centralReuters
Mon, May 5
Gold gains on weaker dollar; traders brace for Fed rate decision
Fed's interest rate decision due this weekGold may trade in the $3,200-$3,350 range ahead of the Fed meeting, analyst saysDollar down 0.3% against its rivalsBy Anushree Mukherjee May 5(Reuters) - Gold firmed on Monday, supported by a softer dollar, as investors waited to see how U.S.-China tr...
Reuters
Mon, May 5
Japan denies using its $1 trillion in US Treasuries as a trade threat
Japan has denied any plan to threaten the United States with the sale of over $1 trillion in US Treasuries during trade talks, Finance Minister Katsunobu Kato said on Sunday in Milan. The denial came two days after Kato appeared on national television suggesting the holdings could be used as a negotCryptopolitan
Mon, May 5
US Presi. Trump: ‘At some point, I’m going to lower tariffs’ on China
Speaking over the weekend on tariffs announced on Chinese imports, US President Donald Trump said that “At some point, I’m going to lower them, because otherwise, you could never do business with them, and they want to do business very much.”Fxstreet
Mon, May 5
Dollar under water as surge in Taiwan dollar spills over
SYDNEY, May 5 (Reuters) - The dollar was losing ground again on Monday as a meteoric surge in its Taiwanese counterpart spilled over elsewhere, fuelling speculation some Asian countries were prepared to engineer revaluations to win U.S. trade concessions.Reuters
Mon, May 5
Trump says he wants a fair trade deal with China
ABOARD AIR FORCE ONE, May 4 (Reuters) - U.S. President Donald Trump on Sunday said the U.S. was meeting with many countries, including China, on trade deals, and his main priority with China was to secure a fair trade deal.Trump told reporters aboard Air Force One that he had no plans to speak withReuters
Mon, May 5
Wall St Week Ahead-Fed outlook in focus as US stocks rally picks up steam
NEW YORK, May 2 (Reuters) - The Federal Reserve meeting in the coming week is set to test the U.S. stock market's sharp rebound, with investors hoping the central bank is poised to resume lowering interest rates in the months ahead.Reuters
Mon, May 5
Gold gains on softer dollar, Fed decision awaited
May 5(Reuters) - Gold prices edged higher on Monday, helped by a weaker dollar, while investors awaited more clarity on trade policy between the U.S. and its trading partners, and looked forward to the Federal Reserve's policy decision due later this week.FUNDAMENTALS* Spot gold XAU= gained 0.2%...Reuters
Mon, May 5
