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GlobalWafers opens new US factory; plans additional $4 bln investment
By Wen-Yee Lee TAIPEI, May 16 (Reuters) - Taiwanese silicon wafer manufacturer GlobalWafers 6488.TWO said on Friday it would invest an additional $4 billion in the United States to meet growing customer demand there, as it officially opened its new $3.5 billion wafer facility in Texas."Our U....Reuters
Fri, May 16
Forex
RBNZ Survey: NZ two-year inflation expectations rise to 2.29% QoQ in Q1 2025
New Zealand's (NZ) inflation expectations accelerated on a 12-month and a two-year time frame for the second quarter of 2025, the Reserve Bank of New Zealand’s (RBNZ) latest monetary conditions survey showed on Friday.
Fxstreet
Fri, May 16
Cryptocurrencies
Ethereum Price Holding Strong — Signs Point to a New Upside Breakout
Ethereum price corrected gains and tested the $2,500 zone. ETH is now again rising and might soon aim for a move above the $2,600 zone. Ethereum started a correction from the $2,740 zone and tested $2,500. The price is trading above $2,520 and the 100-hourly Simple Moving Average. There is a key dec...NewsBTC
Fri, May 16
Cryptocurrencies
Dogecoin Price Targets Remain High As Bulls Eye New All-Time Highs
The Dogecoin price has officially broken free from its multi-month downtrend, with bulls now eyeing a major price surge to new all-time highs. Technical indicators and Dogecoin’s current price action are flashing bullish, supporting this optimistic outlook. Dogecoin Price Targets $1 ATH In a decisiv...Bitcoinist
Fri, May 16
Other
Thailand's trade proposal well received by United States, says ministry
BANGKOK, May 16 (Reuters) - Thailand's trade proposal to the United States was well received by the United States, the Commerce Ministry said on Friday.Thailand is seeking to negotiate over a steep 36% tariff on its goods exported to the United States, its biggest export market.Reuters
Fri, May 16
Commodities
PRESS DIGEST-British Business - May 16
May 16 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times- British's software services provider Wireless Logic's chief executive said that U.S. investment firm Gene...Reuters
Fri, May 16
Other
PRESS DIGEST- Financial Times - May 16
May 16 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.Headlines- BT to carve out new 'international' unit as group refocuses on UK- Aviva boss Amanda Blanc insists Direct Line takeover will no...Reuters
Fri, May 16
Cryptocurrencies
Bitcoin Price Looks Upward — Is the Next Leg Higher Starting?
Bitcoin price started a fresh increase and cleared the $103,500 zone. BTC is now consolidating and might aim to clear the $105,000 zone. Bitcoin started a fresh upward move from the $101,500 zone. The price is trading above $103,000 and the 100 hourly Simple moving average. There was a break above a...NewsBTC
Fri, May 16
Forex
USD/INR slumps as lower crude oil prices support Indian Rupee
The Indian Rupee (INR) recovers some lost ground, snapping the three-day losing streak on Friday. A fall in crude oil prices amid reports that the US and Iran are getting closer to a deal on the country’s nuclear program provides some support to the INR.Fxstreet
Fri, May 16
Other
New Zealand boosts movie production incentives after Trump's 100% tariff plan
By Renju Jose SYDNEY, May 16 (Reuters) - New Zealand will allocate more budget funds to give rebates to foreign studios for filming movies in the country - a move which follows U.S. President Donald Trump's announcement of 100% tariffs on films made outside the United States.New Zealand, wher...Reuters
Fri, May 16
Forex
Australia, NZ dollars steady after seesaw week, rate cuts loom
By Wayne Cole SYDNEY, May 16 (Reuters) - The Australian and New Zealand dollars were flat on Friday after a seesaw week that saw them spike on a U.S.-China tariff truce only to run into selling at major chart barriers, reinforcing recent ranges.The Aussie steadied at $0.6405 AUD=D3, having bounce...Reuters
Fri, May 16
Commodities
GRAINS-Chicago wheat set for first weekly gain in four on strong demand
BEIJING, May 16 (Reuters) - Chicago wheat futures edged higher on Friday, poised for their first weekly gain in four weeks, as low prices sparked renewed demand for U.S. wheat.Soybean futures are also on track for a weekly climb, supported by a temporary tariff pause between Beijing and Washington t...Reuters
Fri, May 16
Stocks
GLOBAL MARKETS-Asian shares set to end strong week on soft note, bonds enjoy relief rally
Alibaba shares slump almost 7% after earnings miss Oil steadies after 2% drop on potential US-Iran nuclear dealDollar on back foot versus safe-haven currenciesBonds extend rally on soft US data By Stella Qiu SYDNEY, May 16 (Reuters) - Asian stocks were ending a strong week on a softer note on Fri...Reuters
Fri, May 16
Cryptocurrencies
Ticking Clock To $200K: Bitwise CIO Predicts Bitcoin’s Price Explosion
Bitcoin hovered around $102,600 today after briefly touching $105,000. The dip didn’t shake everyone. Many still bet on a major rally. According to Bitwise CIO Matt Hougan in an interview yesterday, there’s a path for Bitcoin to hit $200,000 by December 31. He points to growing ETF inflows, more cor...NewsBTC
Fri, May 16
