News
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Forex
Dollar under water as surge in Taiwan dollar spills over
SYDNEY, May 5 (Reuters) - The dollar was losing ground again on Monday as a meteoric surge in its Taiwanese counterpart spilled over elsewhere, fuelling speculation some Asian countries were prepared to engineer revaluations to win U.S. trade concessions.Reuters
Mon, May 5
Commodities
Barclays cuts 2025, 2026 Brent crude forecast as OPEC+ accelerates output hikes
May 5 (Reuters) - Barclays lowered its Brent oil price forecast by $4 per barrel to $66/bbl for 2025 and by $2 to $60/bbl for 2026, citing the decision by OPEC+ to accelerate oil production hikes."Tariff-related developments have certainly been a drag but the OPEC+ pivot has also been a signific...Reuters
Mon, May 5
Economic Indicator
USD/CAD steadies near 1.3800, downside appears due to a weaker US Dollar
USD/CAD is holding steady around the 1.3800 level during Monday’s Asian session, following a decline in the previous trading day. Upside momentum for the pair may be capped as the US Dollar (USD) faces pressure, potentially due to renewed trade tensions.
Fxstreet
Mon, May 5
Stocks
New Zealand's Smartpay hits 7-month high on new takeover offer
** New Zealand's Smartpay SPY.NZ rises as much as 25.4% to A$1.060, highest since October 4, 2024** Stock posts biggest intraday pct gain since March 17** Payment services provider gets fresh takeover offer, valuing co at NZ$290.3 mln ($173.6 mln)** Offer price of NZ$1.20/shr represents a 42% pr...Reuters
Mon, May 5
Other
Australia's re-elected PM Albanese says he had 'warm' talks with Trump on tariffs
Albanese says he will meet Trump 'some time in future'Trump calls Albanese 'friendly' and 'respectful'Albanese's Labor ahead in 85 seats in 150-seat lower house By Renju Jose and Peter Hobson SYDNEY/CANBERRA, May 5 (Reuters) - Australian Prime Minister Anthony Albanes...Reuters
Mon, May 5
Cryptocurrencies
Bitcoin Price Eases From Highs — Support Zone Still Intact
Bitcoin price started a downside correction from the $97,800 zone. BTC is now trading below $95,000 and testing the $93,500 support zone. Bitcoin remained supported above the $94,500 zone. The price is trading below $96,000 and the 100 hourly Simple moving average. There is a connecting bearish tren...NewsBTC
Mon, May 5
Economic Indicator
Japanese Yen remains on the front foot as geopolitical risks boost safe-haven assets
The Japanese Yen (JPY) trades with a mild positive bias against its American counterpart for the second straight day on Monday amid reviving safe-haven demand, though the uptick lacks bullish conviction.
Fxstreet
Mon, May 5
Stocks
Taboola Partners with Samsung to Power News Recommendations on More Samsung Devices Globally
HONG KONG, May 5, 2025 /PRNewswire/ -- Taboola (Nasdaq: TBLA) today announced it has reached a new partnership with Samsung to serve news recommendations on Samsung devices and news channels. Under this new multi-year relationship, Taboola will power news recommendations on Samsu...PR Newswire
Mon, May 5
Other
Trump orders the reopening of Alcatraz prison
SAN FRANCISCO, May 4 (Reuters) - U.S. President Donald Trump said on Sunday he was directing the Federal Bureau of Prisons to rebuild and reopen the infamous Alcatraz prison in the San Francisco Bay to "house America’s most ruthless and violent Offenders.""REBUILD, AND OPEN ALCATRAZ!"...Reuters
Mon, May 5
Other
Trump calls re-elected Australian PM Albanese 'friendly'
By Renju Jose SYDNEY, May 5 (Reuters) - U.S. President Donald Trump said on Monday he did not know anything about the weekend election in Australia, where the ruling Labor party decisively beat the conservatives, though he praised Prime Minister Anthony Albanese."I don't know anything abo...Reuters
Mon, May 5
Stocks
Berkshire Hathaway Inc reports results for the quarter ended March 31 - Earnings Summary
Berkshire Hathaway Inc BRKa.N reported quarterly adjusted earnings of $6,704.45 per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of $7,796.47. The mean expectation of three analysts for the quarter was for earnings of $7,213.87 per sha...Reuters
Mon, May 5
Other
RPT-Samsung fights $520 million India tax demand, points to Reliance practice
Samsung challenges $520 million tax demand over alleged import misclassificationSamsung says Reliance Jio imported similar equipment without tariffs until 2017Samsung claims tax authority rushed decision, denied fair hearingBy Aditya Kalra and Arpan Chaturvedi NEW DELHI, May 4 (Reuters) - Samsun...Reuters
Mon, May 5
Commodities
WTI tumbles below $56.00 as OPEC+ accelerates output hikes
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $55.75 during the Asian trading hours on Monday. The WTI price falls after the Organization of the Petroleum Exporting Countries and allies (OPEC+) agreed to surge production by 411,000 barrels per day in June.
Fxstreet
Mon, May 5
Stocks
Australia markets welcome political stability under Labor as Trump 2.0 risks mount
Australia markets take ruling Labor Party election win in strideLabor's win boosts fiscal policy flexibility amid global trade tensionsAussie dollar hits five-month peak on broadly weaker USDShare market falls on Westpac earnings miss SYDNEY, May 5 (Reuters) - Australian financial markets on...Reuters
Mon, May 5
Other
Motor racing-Stella suggests Norris should have waited to tackle Verstappen
By Matthew MajendieMIAMI, May 5 (Reuters) - Lando Norris should have waited to make his move on Max Verstappen at the Miami Grand Prix on Sunday rather than trying to get past immediately, according to McLaren team boss Andrea Stella.Norris started on the front row alongside Red Bull's polesitt...Reuters
Mon, May 5
Other
Motor racing-Russell keeps third place after Red Bull protest rejected
MIAMI, May 4 (Reuters) - George Russell kept third place for Mercedes at Sunday's Miami Grand Prix after Formula One stewards rejected a Red Bull protest. Red Bull's four times world champion Max Verstappen finished fourth in the race, 2.312 seconds behind Russell, after starti...Reuters
Mon, May 5
