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GLOBAL MARKETS-Stocks, dollar rally as Trump tariffs hit court roadblock
Asian stock markets : https://tmsnrt.rs/2zpUAr4S&P 500 futures climb 1.6%, Nikkei adds 1.7%U.S. court blocks April 2 tariffs, White House appealsDollar rises on safe haven currencies, gold slipsNvidia up after hours on earnings relief By Wayne Cole SYDNEY, May 29 (Reuters) - Asian shares and ...Reuters
Thu, May 29
BREAKINGVIEWS-Why the dollar’s wobble could be self-perpetuating
By Liam Proud LONDON, May 29 (Reuters Breakingviews) - Foreign currency hedging is not a topic that usually dominates the water-cooler chats on trading floors. Right now, however, it’s front of mind for many of the biggest players in financial markets. The U.S. dollar’s unusual moves in April, w...Reuters
Thu, May 29
Valuations, global growth risks keeping BofA cautious on India stocks near term
** BofA Global Research cautious on Indian equities for the near term on concerns over valuations and global growth risks** "Valuations seem full and markets are ignoring risks of likely slowing global growth," the brokerage said in a report** However, it remained optimistic on India's l...Reuters
Thu, May 29
INSTANT VIEW-Markets cheer court ruling to block Trump tariffs
SINGAPORE, May 29 (Reuters) - U.S. stock futures jumped and the dollar gained against safe-haven peers including the yen and Swiss franc on Thursday, after a U.S. federal court blocked President Donald Trump's "Liberation Day" tariffs from going into effect.The Trump administration has a...Reuters
Thu, May 29
INDIA STOCKS-IT stocks lead India's equity benchmarks higher after US tariff ruling
By Bharath Rajeswaran and Vivek Kumar M May 29 (Reuters) - Indian shares climbed on Thursday, led by information technology stocks, as investors cheered a U.S. trade court's decision to block most of President Donald Trump's proposed "Liberation Day" import duties.The Nifty 50 .NS...Reuters
Thu, May 29
MORNING BID EUROPE-Markets hope Trump tariffs stay 'unlawful'
May 29 (Reuters) - A look at the day ahead in European and global markets from Wayne ColeWho knew the three judges at the rather obscure United States Court of International Trade had the power to spark a rally in global stock markets and shove the dollar higher against its safe-haven peers?Early in...Reuters
Thu, May 29
Elon Musk leaving Trump administration, capping turbulent tenure
"Off-boarding will begin tonight,” White House official saysMusk oversaw sweeping staff cuts as a special government employee Musk has criticized Republican tax and budget billBy Nandita Bose, David Shepardson and Gram Slattery WASHINGTON, May 28 (Reuters) - Billionaire Tesla TSLA.O CEO Elon ...Reuters
Thu, May 29
EMERGING MARKETS-Asian currencies retreat as dollar strengthens on US tariff ruling
Malaysian ringgit, Thai baht down 0.4% eachThailand stocks rise 1.1%S.Korean shares at 9-month high after central bank cuts ratesU.S. court blocks April 2 tariffs; White House appealsBy Himanshi Akhand May 29 (Reuters) - Asian currencies traded lower on Thursday as the dollar strengthened after a...Reuters
Thu, May 29
EMERGING MARKETS-Asian currencies retreat as dollar strengthens on US tariff ruling
Malaysian ringgit, Thai baht down 0.4% eachThailand stocks rise 1.1%S.Korean shares at 9-month high after central bank cuts ratesU.S. court blocks April 2 tariffs; White House appealsBy Himanshi Akhand May 29 (Reuters) - Asian currencies traded lower on Thursday as the dollar strengthened after a...Reuters
Thu, May 29
INDIA STOCKS-Indian shares open higher after US court blocks Trump tariffs
May 29 (Reuters) - Indian shares opened higher on Thursday, tracking gains in Asian peers and Wall Street futures, as investors cheered a U.S. trade court's decision to block President Trump's across-the-board duties on imports from U.S. trading partners.The Nifty 50 .NSEI rose 0.29% to 24,8...Reuters
Thu, May 29
NVIDIA Q1 Beats Earnings for 10 Consecutive Quarters — Survived H20 Ban, But China Risks Remain
TradingKey - Despite the Trump administration’s new export ban on its China-specific H20 AI chip, NVIDIA (NVDA) delivered better-than-expected revenue and earnings in Q1 of fiscal 2026 — underscoring the strength of global demand for AI infrastructure. However, CEO Jensen Huang warned that...
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Thu, May 29
China's EDA firms jump on report US restricts chip design software sales
** Shares of Chinese electronic design automation (EDA) firms jump on report U.S. is restricting chip design software sales to China** Shanghai-listed Primarius Technologies 688206.SS soars 20% to 27.77 yuan, highest since April 14** Shenzhen-listed Semitronix Corp 301095.SZ jumps 19% to 56.25 yuan,...Reuters
Thu, May 29
Nikkei rises as US court halts Trump's tariffs, chip stocks rally
TOKYO, May 29 (Reuters) - Japan's Nikkei share average rose to a more than two-week high on Thursday after a U.S. court blocked President Donald Trump's tariffs from going into effect, while a rally in chip-related stocks also lifted the index.As of 0223 GMT, the Nikkei rose 1.7% to 38,347.0...Reuters
Thu, May 29
INDIA STOCKS-India's equity benchmarks eye positive open after US court blocks Trump tariffs
May 29 (Reuters) - India's benchmark indexes are poised for a positive open on Thursday, tracking gains in broader Asian peers and Wall Street futures, as investors cheered a U.S. federal court's decision to block President Trump's proposed "Liberation Day" tariffs.Gift Nifty fu...Reuters
Thu, May 29
South Korean shares climb to 9-month high on rate cut, US tariff ruling
KOSPI rises, foreigners net buyersKorean won weakens against dollarSouth Korea benchmark bond yield steady SEOUL, May 29 (Reuters) - Round-up of South Korean financial markets:** South Korean shares climbed more than 1% on Thursday to their highest levels in nine months, as investors...Reuters
Thu, May 29
Agoda and Tourism Malaysia Join Forces to Elevate Malaysia's Global Tourism Appeal for Visit Malaysia 2026
KUALA LUMPUR, Malaysia, May 29, 2025 /PRNewswire/ -- Digital travel platform Agoda and Tourism Malaysia have entered into a strategic collaboration to position Malaysia as a top travel destination in Southeast Asia, aligning with the national campaign for Visit Malaysia 2026 (VM2026). This partnersh...PR Newswire
Thu, May 29
GLOBAL MARKETS-Stocks, dollar rally as Trump tariffs hit court hurdle
Asian stock markets : https://tmsnrt.rs/2zpUAr4S&P 500 futures climb 1.6%, Nikkei adds 1.7%U.S. court blocks April 2 tariffs, White House appealsDollar rises on safe haven currencies, gold slipsNvidia up after hours on earnings relief By Wayne Cole SYDNEY, May 29 (Reuters) - Asian shares and ...Reuters
Thu, May 29
Decant Index Expands Infrastructure for $1.7 Trillion Collectables Market
LONDON, UK - May 29, 2025 - (SeaPRwire) - Decant Index, a digital marketplace and platform under the Decant Group, is scaling operations to serve the global $1.7 trillion collectables market, focusing on investment-grade spirits and wine.With more than $126 million in assets under storage and over 44,000 users, the platform provides retail and high-net-worth investors with structured access to fine wine and spirits. Users can build and manage portfolios digitally while having bonded storage, full insurance, and selling options, including marketplace listings or private sales.The company's infrastructure includes Decant Bond, a bonded warehouse located in Alloa, Scotland. The facility features internal climate controls, HMRC auditing, and end-to-end asset custody for fine wine and spirits holdings."Our goal is to provide a reliable platform for accessing and managing physical collectables," said Alistair Moncrieff, CEO of Decant Group. "We've built a system that allows users to treat spirits as assets while maintaining transparency and long-term value."Entry-level investment on Decant Index starts at $2,500. Some assets listed on the platform are exempt from UK capital gains tax, due to their classification as wasting assets. Since its launch, the platform has facilitated more than 1,618 exits and returned over $6.1 million to clients.In addition to spirits, Decant Index recently launched the Wine Cellar Plan, a subscription-based wine investment program starting at $330 per month. Subscribers receive curated selections, bonded storage and digital tracking. The plan complements the company's broader objective to simplify participation in collectables investing.The company also plans to expand in the United States, where super-premium American Bourbon brands recorded a 17.8 percent sales increase in 2023, according to the Distilled Spirits Council.Soon to launch fully into the market, House of Decant is Decant Group's dedicated e-commerce platform - luxury retail, reimagined.It offers a curated, concierge-led experience with fast delivery, flexible subscriptions, and a home for both heritage labels and emerging brands."We're building a platform that redefines how premium wine and spirits are discovered, purchased, and enjoyed - tailored for the expectations of the modern luxury consumer," says Chris Seddon, Managing Director of Decant Group.Shop with House of Decant here.About Decant IndexDecant Group is a leading provider of alternative investments with specialized platforms including Decant Index and House of Decant, which collectively manage over $126 million in assets and serve more than 40,000 members globally. The company has pioneered technological innovations in fine wine and spirits investing, earning recognition for its transparent approach to traditionally exclusive markets. With dedicated bonded warehousing facilities and a team of certified wine specialists, Decant Group offers comprehensive services from acquisition through storage to eventual exit strategies across its investment platforms.Contact InformationDecant Indexhttps://decantindex.com/support@decantindex.com0330 818 8559105 Piccadilly, Mayfair, London, W1J 7NJ29/05/2025 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.comEQS
Thu, May 29
Decant Index Expands Infrastructure for $1.7 Trillion Collectables Market
LONDON, UK - May 29, 2025 - (SeaPRwire) - Decant Index, a digital marketplace and platform under the Decant Group, is scaling operations to serve the global $1.7 trillion collectables market, focusing on investment-grade spirits and wine.With more than $126 million in assets under storage and over 44,000 users, the platform provides retail and high-net-worth investors with structured access to fine wine and spirits. Users can build and manage portfolios digitally while having bonded storage, full insurance, and selling options, including marketplace listings or private sales.The company's infrastructure includes Decant Bond, a bonded warehouse located in Alloa, Scotland. The facility features internal climate controls, HMRC auditing, and end-to-end asset custody for fine wine and spirits holdings."Our goal is to provide a reliable platform for accessing and managing physical collectables," said Alistair Moncrieff, CEO of Decant Group. "We've built a system that allows users to treat spirits as assets while maintaining transparency and long-term value."Entry-level investment on Decant Index starts at $2,500. Some assets listed on the platform are exempt from UK capital gains tax, due to their classification as wasting assets. Since its launch, the platform has facilitated more than 1,618 exits and returned over $6.1 million to clients.In addition to spirits, Decant Index recently launched the Wine Cellar Plan, a subscription-based wine investment program starting at $330 per month. Subscribers receive curated selections, bonded storage and digital tracking. The plan complements the company's broader objective to simplify participation in collectables investing.The company also plans to expand in the United States, where super-premium American Bourbon brands recorded a 17.8 percent sales increase in 2023, according to the Distilled Spirits Council.Soon to launch fully into the market, House of Decant is Decant Group's dedicated e-commerce platform - luxury retail, reimagined.It offers a curated, concierge-led experience with fast delivery, flexible subscriptions, and a home for both heritage labels and emerging brands."We're building a platform that redefines how premium wine and spirits are discovered, purchased, and enjoyed - tailored for the expectations of the modern luxury consumer," says Chris Seddon, Managing Director of Decant Group.Shop with House of Decant here.About Decant IndexDecant Group is a leading provider of alternative investments with specialized platforms including Decant Index and House of Decant, which collectively manage over $126 million in assets and serve more than 40,000 members globally. The company has pioneered technological innovations in fine wine and spirits investing, earning recognition for its transparent approach to traditionally exclusive markets. With dedicated bonded warehousing facilities and a team of certified wine specialists, Decant Group offers comprehensive services from acquisition through storage to eventual exit strategies across its investment platforms.Contact InformationDecant Indexhttps://decantindex.com/support@decantindex.com0330 818 8559105 Piccadilly, Mayfair, London, W1J 7NJ29/05/2025 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.comEQS
Thu, May 29
Stay a While: Agoda Unveils Asia's Top "Slow Travel" Destinations
HONG KONG, May 29, 2025 /PRNewswire/ -- Digital travel platform Agoda has revealed the top destinations in Asia to embrace the art of "slow travel", with Thailand's coastal city Rayong emerging as the top choice for travelers looking to hit the brakes and linger longer. ...PR Newswire
Thu, May 29
