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Bank of Korea sees auto, steel, chip exports falling when tariffs hit
SEOUL, May 29 (Reuters) - South Korea's exports of automobiles, steel and semiconductors are expected to fall as the impact of U.S. President Donald Trump's tariffs take effect later this year, the central bank said on Thursday.Weaker car exports will drag down South Korea's exports by 0...Reuters
Thu, May 29
Stocks
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
Other
WEF founder Klaus Schwab files criminal complaint against whistleblowers, FT reports
May 29 (Reuters) - The World Economic Forum (WEF) founder Klaus Schwab has filed a criminal complaint against the whistleblowers who had anonymously alleged misconduct by him, the Financial Times reported on Thursday, citing an interview with Schwab.The World Economic Forum had launched an investiga...Reuters
Thu, May 29
Commodities
Silver Price Forecast: XAG/USD hovers around nine-day EMA near $33.00
Silver price (XAG/USD) halts its two-day losing streak, trading around $33.20 per troy ounce during the Asian hours on Thursday. Technical analysis of the daily chart indicates a neutral bias, as the price of the precious metal consolidates within a rectangular pattern.
Fxstreet
Thu, May 29
Other
Hanoi bans The Economist's printed issue with Vietnam's top leader on cover, say distributor sources
The Economist described Communist party leader Lam as a "hard man"Coverage sparked large debate on Vietnam's social mediaOne-party state routinely censors media and cultural works Telegram messaging app faces block in Vietnam May 29 (Reuters) - The Economist's latest printed editi...Reuters
Thu, May 29
Commodities
Global aluminium producer slashes premium offer to Japan buyers, say sources
Offer down 20% from Q2 levelWeak sentiment from U.S. tariffs and higher Asia supply drive lower offer Buyers expect $100-$110/T premium By Yuka Obayashi TOKYO, May 29 (Reuters) - A global aluminium producer has offered Japanese buyers a premium of $145 per metric ton for July-September primary ...Reuters
Thu, May 29
Other
UK seeks to speed up implementation of US trade deal, FT reports
May 29 (Reuters) - Britain will hold talks with the United States next week to try to speed up implementation of a trade pact between the two sides, the Financial Times reported on Thursday.U.S. President Donald Trump and British Prime Minister Keir Starmer on May 8 announced a limited bilateral tra...Reuters
Thu, May 29
Stocks
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
Forex
Yuan slips to one-week low after US court blocks Trump's tariffs
SHANGHAI, May 29 (Reuters) - China's yuan fell to one-week low against the U.S. dollar on Thursday, tracking declines in other Asian currencies, after a court blocked President Donald Trump from imposing his "Liberation Day" import tariffs.The spot yuan CNY=CFXS slumped to 7.2109 per dol...Reuters
Thu, May 29
Other
BREAKINGVIEWS-Wild market swings are good reason to take stock: podcast
By Aimee Donnellan, Jonathan Guilford LONDON/NEW YORK, May 29 (Reuters Breakingviews) - Follow on Apple or Spotify. Listen on the Reuters app. Read the episode transcript. Listen to the podcast Amid the tariff volatility, shares of companies from Burberry to Hasbro have gyrated wh...Reuters
Thu, May 29
Forex
South Korea delivers dovish cut ahead of snap election
BOK cuts base rate to 2.50% as widely expectedFour of seven board members see room for near-term cuts South Korea to elect new leader on June 3By Cynthia Kim and Jihoon Lee SEOUL, May 29 (Reuters) - South Korea's central bank cut interest rates for a fourth time in its current easing cycle on...Reuters
Thu, May 29
Cryptocurrencies
Bitcoin Short And Long-Term Holder Realized Prices Climb – Sign Of A Healthy Bull Market?
Bitcoin is approaching what many analysts believe to be the final and most explosive phase of this bull cycle. After a strong rally over the past two months, BTC is now consolidating just below the critical $112,000 resistance level—a key psychological and technical barrier that, once broken, could ...Bitcoinist
Thu, May 29
Cryptocurrencies
Bitcoin Surges With Low Retail Interest – Is A Second Wave Coming?
Recently, Bitcoin (BTC) achieved a new all-time high (ATH) of $111,980 on Binance crypto exchange, surpassing its previous ATH of $108,786 recorded in January 2025. However, this rally is missing a crucial element that has historically fuelled sustained bull markets – retail investor participa...NewsBTC
Thu, May 29
Stocks
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
Stocks
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
Stocks
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
Cryptocurrencies
XRP Price Targets Recovery — Signs of Strength Emerging
XRP price started a fresh decline below the $2.320 zone. The price is now correcting losses and might aim for a move above the $2.350 resistance. XRP price started a fresh decline below the $2.300 zone. The price is now trading below $2.320 and the 100-hourly Simple Moving Average. There was a break...NewsBTC
Thu, May 29
Stocks
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...
TradingKey
Thu, May 29
Other
Foxconn to soon announce second Japanese auto partner, chairman says
TAIPEI, May 29 (Reuters) - Taiwan's Foxconn 2317.TW will soon announce a second Japanese auto partner, Chairman Young Liu said on Thursday, as the company best known as Apple's main iPhone maker continues its diversification push. "There are two Japanese automakers; one has already be...Reuters
Thu, May 29
Cryptocurrencies
Top 3 Gainers SPX, UNI, and TON: Altcoins record double-digit surge, ignoring Bitcoin’s pullback
The altcoins market sustains the uptrend momentum, with decentralized finance (DeFi) and meme coins leading the way, despite the short-term volatility in Bitcoin (BTC), signaling a chance of a new altseason.Fxstreet
Thu, May 29
