News
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PRECIOUS-Gold edges higher as geopolitical and economic concerns linger
March 17 (Reuters) - Gold firmed on Monday after touching a historic milestone last week, as geopolitical tensions, jitters about tariffs escalating trade frictions, and increased hopes of interest rate cuts from the Federal Reserve continued to fuel safe-haven demand. FUNDAMENTALS* Spot gold XA
Reuters
Mon, Mar 17
China's new home prices fall in February
BEIJING, March 17 (Reuters) - China's new home prices dropped 0.1% in February, official data showed on Monday, as demand in the crisis-stricken sector remains subdued despite the government's promises of more stimulus measures.The drop followed two months of relatively steady prices, accord...Reuters
Mon, Mar 17
Goldman lowers oil price views on slower demand growth, higher OPEC+ supply
March 17 (Reuters) - Goldman Sachs has lowered its December 2025 and average 2026 forecasts for Brent and WTI crude oil prices, citing slower oil demand growth prospects and expectations of higher OPEC+ supply, it said in a note dated on Sunday.The bank expects Brent LCoc1 at $71 per barrel in Decem
Reuters
Mon, Mar 17
Boeing lost trust of Americans, needs strict oversight, US official says
WASHINGTON/SEATTLE, March 14 (Reuters) - U.S. planemaker Boeing BA.N lost its way and also lost the trust of the American people after a January 2024 mid-air emergency involving a new Boeing 737 MAX and two fatal crashes in 2018 and 2019, Transportation Secretary Sean Duffy said Friday.Reuters
Mon, Mar 17
The US job market has never been as bad as it is right now
The US job market is collapsing, and the numbers prove it. More Americans are juggling multiple jobs than at any time in the last 15 years, and even a college degree isn’t enough to secure financial stability. A record 8.9 million people—5.4% of all employed workers—are working more than one job, acCryptopolitan
Mon, Mar 17
China's Baidu launches two new AI models as industry competition heats up
HONG KONG, March 16 (Reuters) - China's Baidu 9888.HK said on Sunday it has launched two new artificial intelligence models, the multimodal ERNIE 4.5 and a new reasoning-focused model called X1, as it vies to stand out in a fiercely competitive AI race.Chinese AI startup DeepSeek's roll-out ...Reuters
Mon, Mar 17
Brent crude opens week higher as US vows to keep attacking Houthis
SINGAPORE, March 17 (Reuters) - Brent crude futures LCoc1 opened the week higher, rising 0.6% in early Asian trade on Monday, after the United States vowed to keep attacking Yemen's Houthis until they end attacks on shipping.The airstrikes, which the Houthi-run health ministry said killed at lea...Reuters
Mon, Mar 17
US envoy says Trump and Putin to hold call on ceasefire deal soon
Donald Trump’s envoy Steve Witkoff said on Sunday that he expected the US President to speak with Russian President Vladimir Putin this week, saying that Putin “accepts the philosophy” of Trump’s ceasefire and peace terms, per the Guardian.Fxstreet
Mon, Mar 17
Euro zone stocks rally as German parties agree historic fiscal deal
LONDON, March 14 (Reuters) - European stock markets rallied on Friday as news of an agreement between German political parties on a historic debt deal added to optimism that has swept across the region, but analysts warned of the challenges ahead.
American Express rating raised at Baird following persistent market sell-off
Investing.com -- Baird analysts upgraded American Express (NYSE:AXP) to Neutral following a “persistent sell-off in the broader market” that has made it “difficult for us to remain pessimistic on AXP's high-quality franchise.”
Investing.com
Fri, Mar 14
Gold Prices Surpass $3,000 for First Time — Is the 2025 Target Obsolete?
TradingKey — Gold prices have breached the $3,000 per ounce milestone for the first time in history, driven by surging safe-haven demand amid escalating trade tensions sparked by former U.S. President Donald Trump’s tariff threats. Analysts highlight gold’s role as a hedge against the most severe...
Is Buffett Hoarding Cash and Rarely Selling Companies — A Sign of Deep Disappointment in U.S. Economy?
TradingKey — Amid lingering discussions about Berkshire Hathaway’s record trillion cash reserves fueling a shortage of quality assets, the conglomerate led by Warren Buffett is reportedly making a rare move to sell a subsidiary — a stark departure from its long-standing policy of almost never...TradingKey
Fri, Mar 14
US Commerce chief says tariffs on autos from all countries 'would be fair'
WASHINGTON, March 14 (Reuters) - U.S. Commerce Secretary Howard Lutnick on Friday signaled that next month's U.S. tariffs could be imposed on cars from all countries, including South Korea, Japan and Germany.Reuters
Fri, Mar 14
BMW CFO: 1-bln-euro figure is estimate of impact of newly imposed tariffs
BERLIN, March 14 (Reuters) - BMW's BMWG.DE chief financial officer said the 1-billion-euro ($1.09 billion) figure mentioned earlier on Friday by its CEO was an estimate of the impact of newly imposed tariffs but was not a formal provision in its books.Reuters
Fri, Mar 14
Coffee price shocks take about a year to feed through to consumers, UN report says
LONDON, March 14 (Reuters) - Raw coffee price shocks take about a year to feed through to consumers while the residual impact lasts at least four years, according to a report published on Friday by the United Nation's Food and Agriculture Organisation (FAO).Reuters
Fri, Mar 14
China, Russia back Iran as Trump presses Tehran for nuclear talks
China, Russia, Iran say talks should be based on mutual respectThey say 'unlawful' unilateral sanctions should be liftedChina, Russia urge respect for Iran's right to peaceful uses of nuclear energyBy Ryan Woo, Xiuhao Chen and Laurie Chen BEIJING, March 14 (Reuters) - China and Russia...Reuters
Fri, Mar 14
Electronics giant Foxconn forecasts strong Q1 revenue after profit miss
Foxconn sees strong revenue growth in Q1Q4 profit drops 13% and misses forecast on non-operating lossSays it now has more resilient supply chains to cope with trade warSays AI server would account for over 50% of its server revenue this yearBy Wen-Yee Lee and Yimou Lee TAIPEI, March 14 (Reuters) ...Reuters
Fri, Mar 14
Amid tariff risks, Vietnam signs energy deals with US, reviews duties to boost US imports
Vietnam working on lower duties on US farm, tech goods, LNGVietnam, US firms sign deals for Vietnam's energy importsVietnam's trade minister meets US trade rep in WashingtonVietnam is among top exporters to US, has huge trade surplusLarge US business mission to visit Vietnam next weekBy Fran...Reuters
Fri, Mar 14
