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Cryptocurrencies
Singapore advises against tit-for-tat tariffs as economy faces technical recession risk
Asian economies need to stay agile and avoid tit-for-tat tariff retaliation, a deputy managing director of the Monetary Authority of Singapore said on Friday. At the meeting, Robinson, who is also a MAS chief economist, said retaliatory tariffs shift supply negatively. Reuters reported that he warned they would worsen the growth-inflation trade-off and complicate monetary […]Cryptopolitan
Fri, May 23
Commodities
TECHNICALS-CBOT soybeans may retrace to $10.63
For more technical analyses, please click SINGAPORE, May 23 (Reuters) - The CBOT soybean July contract SN25 may retrace to $10.63 per bushel, following its failure to break resistance at $10.73-3/4.The barrier is identified as the 61.8% projection level of a wave c from $10.45-3/4. Partly due to thi...Reuters
Fri, May 23
Other
PRESS DIGEST- New York Times business news - May 23
May 23 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.- OpenAI unveiled plans on Thursday to build a massive computing complex in the United Arab Emirates, the new facility is part of a ...Reuters
Fri, May 23
Cryptocurrencies
XRP Price Rising: Bulls Eye $2.50 With Bullish Tailwinds In Play
XRP price started a consolidation phase above the $2.40 zone. The price is now rising and might aim for an upside break above $2.50. XRP price started a decent increase above the $2.40 zone. The price is now trading above $2.420 and the 100-hourly Simple Moving Average. There was a break above a key...NewsBTC
Fri, May 23
Stocks
EMERGING MARKETS-Asian currencies rally for sixth-straight week as US fiscal concerns mount
Malaysia's ringgit and Indonesia's rupiah lead weekly gains among Asia FXTaiwan dollar set for eighth-straight week of gainsAsian equities rally on FridayBy Rishav Chatterjee May 23 (Reuters) - Emerging Asian currencies rose on Friday, on track for a sixth consecutive weekly gain, as fadi...Reuters
Fri, May 23
Stocks
EMERGING MARKETS-Asian currencies rally for sixth-straight week as US fiscal concerns mount
Malaysia's ringgit and Indonesia's rupiah lead weekly gains among Asia FXTaiwan dollar set for eighth-straight week of gainsAsian equities rally on FridayBy Rishav Chatterjee May 23 (Reuters) - Emerging Asian currencies rose on Friday, on track for a sixth consecutive weekly gain, as fadi...Reuters
Fri, May 23
Other
Trump pushes EU to cut tariffs or face extra duties, FT reports
May 23 (Reuters) - U.S. President Donald Trump's trade negotiators are pushing the EU to make unilateral tariff reductions on U.S. goods, saying without concessions the bloc will not progress in talks to avoid additional 20% "reciprocal" duties, the Financial Times reported on Friday.Reu...Reuters
Fri, May 23
Other
US judge blocks Trump's mass layoffs in blow to government overhaul
Judge extends block on Trump's mass federal layoffsAdministration appealed to Supreme Court on earlier rulingLayoffs part of Trump's plan to cut federal spending, rolesBy Daniel Wiessner May 22 (Reuters) - A federal judge extended on Thursday a temporary block on a bid by President Donald...Reuters
Fri, May 23
Cryptocurrencies
Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – Bulls set sights on $120K BTC, $3K ETH, and $3 XRP
Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) continue to show signs of strength heading into the weekend, with bullish sentiment lifting prices. BTC is holding steady above $111,000 as traders eye the long-awaited $120,000 milestone.
Commodities
Murban crude prices drop as OPEC+ raises output, prompting surge in volumes to Asia
Asian buyers flock to Murban as ample supply depress pricesCheap Murban to squeeze Asia's demand for U.S. WTIMurban becomes cheapest among grades used to assess Platts Dubai benchmarkRecord 20 Murban cargoes delivered in Platts window in May so farBy Siyi Liu and Florence Tan SINGAPORE, May 2...Reuters
Fri, May 23
Cryptocurrencies
Trump pulls in rich crypto whales globally for meme coin dinner
Crypto investors from around the world funneled $148 million into Trump’s meme coin for a private dinner held Thursday at his Virginia country club. The invite-only event took place at Trump National Golf Club in Sterling, just outside Washington, with Trump flying in by Marine One. Dozens of wealthy holders of the $TRUMP coin arrived […]Cryptopolitan
Fri, May 23
Stocks
Japan's Nikkei climbs on lower US yields, softer yen
TOKYO, May 23 (Reuters) - Japan's Nikkei share average climbed on Friday, supported by falling U.S. Treasury yields and a weaker yen, although the index is on track to break its four-week winning streak.The Nikkei .N225 was up 0.8% at 37,280.84 by the midday break, but has lost 1.25% so far this...
Reuters
Fri, May 23
Stocks
South Korean shares flat on US policy, bond market caution
SEOUL, May 23 (Reuters) - Round-up of South Korean financial markets:South Korean shares were flat on Friday, weighed by caution over U.S. President Donald Trump's tax-cut bill and remarks from a South Korean minister that officials are monitoring the domestic impact of U.S. bond market volatility.Reuters
Fri, May 23
Commodities
Murban crude prices drop as OPEC+ raises output, prompting surge in volumes to Asia
SINGAPORE, May 23 (Reuters) - Spot premiums for Murban crude have hit six-month lows on surging supply as the United Arab Emirates ramps up output following OPEC+'s decision to accelerate production hikes and compete head-on with U.S. shale oil, traders and analysts said.
Reuters
Fri, May 23
Other
Japan PM Ishiba says he spoke with Trump over phone
TOKYO, May 23 (Reuters) - Japan's Prime Minister Shigeru Ishiba said on Friday he held a 45-minute phone call with U.S. President Donald Trump to discuss tariffs, diplomacy and security issues.The two exchanged hopes for an in-person meeting during the Group of Seven (G7) leader's summit sch...Reuters
Fri, May 23
Stocks
RPT-COLUMN-Dollar sliding fast, but pace can't last: McGeever
By Jamie McGeeverORLANDO, Florida, May 22 (Reuters) - There are plenty of fundamental economic reasons to hold a long term negative view on the U.S. dollar, but the selling and bearish sentiment currently smothering the greenback may be overdone.The dollar has lost 5% of its value against a basket o...Reuters
Fri, May 23
