Reuters

Author Image

contributor

Reuters

Latest

Britain to bar consumers from borrowing to buy crypto under new regime

LONDON, May 2 (Reuters) - Britain is to restrict consumers' use of credit cards to buy crypto and their access to crypto lending products, the regulator said on Friday, a move aimed at improving protection as cryptoassets are regulated for the first time.

US dollar still down, but off lows, after better-than-expected jobs data

NEW YORK, May 2 (Reuters) - The U.S. dollar was down on Friday but trimmed some losses against the euro and yen after data showed the world's largest economy added more new jobs than expected last month, reflecting a labor market that remained on stable footing.The report reinforced expectations that the Federal Reserve will hold interest rates steady for the next few meetings and not cut them until probably the summer.

Fed gets no reason to rush on rate cuts from still-stable job market

May 2 (Reuters) - Federal Reserve policymakers on the alert for possible cracks in the labor market as businesses adjust to President Donald Trump's erratic trade policy got some reassurance on Friday that so far there's little weakness, and no reason to rush on rate cuts.

Wall St Week Ahead: Fed outlook in focus as US stocks rally picks up steam

NEW YORK, May 2 (Reuters) - The Federal Reserve meeting in the coming week is set to test the U.S. stock market's sharp rebound, with investors hoping the central bank is poised to resume lowering interest rates in the months ahead.During the rally, stocks have nearly erased the slump set off by President Donald Trump's sweeping tariffs. The S&P 500 (.SPX), was last down roughly 1% since April 2, when Trump's "Liberation Day" tariff announcement sent stocks plunging and led to some of the market's most volatile swings in 50 years.

Investors sell U.S. shares in past week flock to Japan, Europe, BofA note shows

LONDON, May 2 (Reuters) - Investors sold U.S. stocks in the week ending Wednesday and bought Japanese and European shares, BofA Global Research said on Friday.U.S. equities saw an $8.9 billion outflow in the week, BofA said in its regular round up of flows in and out of world markets that uses data from EPFR, but this follows large inflows.

US-Ukraine deal is heavy on symbolism, light on minerals: Andy Home

LONDON, May 2 (Reuters) - U.S President Donald Trump's minerals deal with Ukraine is a big symbolic win for both sides.

TSX futures rise on signs of US-China trade conflict easing

May 2 (Reuters) - Futures for Canada's main stock index surged on Friday, tracking gains in global equities as signs of potential trade talks between the U.S. and China lifted investor mood.June futures on the S&P/TSX index (.SXFcv1), were up 0.7% at 6:40 a.m. ET (1040 GMT).Beijing on Friday said it was "evaluating" an offer from Washington to hold talks over U.S. President Donald Trump's 145% tariffs on China, signaling that trade tensions between the world's two largest economies were easing.

Canada's Imperial Oil posts rise in quarterly profit on stronger refining margins

May 2 (Reuters) - Canadian oil producer Imperial Oil (IMO.TO), posted a rise in first-quarter profit on Friday, driven primarily by stronger margins in its refining and fuel sales business, sending its U.S.-listed shares up nearly 6% before the bell.Canadian producers have benefited from the completion of the Trans Mountain pipeline expansion project, which raised its capacity to 890,000 barrels per day. The pipeline offers producers the only export route to international markets bypassing the United States.

Stocks gain on signs that Sino-US trade tensions may be easing

LONDON/SINGAPORE, May 2 (Reuters) - Global stocks surged on Friday as signs of possible trade talks between the U.S. and China lifted risk sentiment after lacklustre earning results from tech bellwethers Apple and Amazon fuelled worries about the impact of a global trade war.China said on Friday the United States has repeatedly expressed its willingness to negotiate on tariffs and that Beijing's door is open for talks, in a move that could ease trade tensions that have roiled global markets.

US dollar rallies on continued trade deal optimism; yen slumps

NEW YORK, May 1 (Reuters) - The U.S. dollar continued to bounce back on Thursday on some technical buying after being oversold last month, with investors more optimistic about tariff deals between the United States and its trading partners.Volume was thinner than usual, as many international markets were closed on Thursday for the May Day holiday.

May 01, 2025 - 4:38 PM

US says minerals deal will strengthen Trump in talks with Russia

Kyiv and Washington on Thursday hailed a deal giving the United States preferential access to new Ukrainian minerals as a milestone which a top US official said would allow President Donald Trump to negotiate with Russia on a stronger basis.The Kremlin was silent on Wednesday’s agreement, but former Russian President Dmitry Medvedev said it meant Trump had “broken the Kyiv regime” because Ukraine would have to pay for US military aid with mineral resources.

May 01, 2025 - 3:19 PM

Canadian dollar weakens but uptrend remains intact

TORONTO, May 1 (Reuters) - The Canadian dollar weakened against its U.S. counterpart on Thursday, giving back some of the previous month's sharp gains, as data showed the U.S. manufacturing sector deteriorating less than had been expected in a boost for the American currency.

May 01, 2025 - 3:17 PM

Sumitomo, Builders Vision back US rare earths startup Phoenix Tailings

Japan’s Sumitomo and impact investment fund Builders Vision have invested in US-based rare earths processing startup Phoenix Tailings, the latest move by manufacturers to boost production of the critical minerals outside of China.Rare earths are a group of 17 metals used to make magnets that turn power into motion for electric vehicles, cell phones and other electronics.

May 01, 2025 - 3:07 PM

Albemarle maintains 2025 outlook due to lithium tariff exemptions

Albemarle, the world’s largest producer of lithium for electric vehicle batteries, said on Wednesday it has not yet been affected by the flurry of tariffs bouncing around the global economy and would thus maintain its 2025 outlook.The Charlotte, North Carolina-based company, which operates across the Americas, Asia and Australia, kept its sales and earnings forecast for the year, noting that the lithium and some other critical minerals are for now exempt from tariffs that Washington aims to impose on trading partners.

May 01, 2025 - 2:55 PM

What are Ukraine’s critical minerals and what do we know about the deal with US?

Ukraine and the United States on Wednesday signed a deal heavily promoted by US President Donald Trump that will give the United States preferential access to new Ukrainian minerals deals and fund investment in Ukraine’s reconstruction.The following is an overview of the critical minerals, including rare earths, and other natural resources in Ukraine:

May 01, 2025 - 2:53 PM

FTSE 100 flat as investors assess mixed corporate earnings

May 1 (Reuters) - Britain's benchmark stocks index (.FTSE), ended flat on Thursday, as investors assessed a mixed bag of corporate earnings, amid hopes of easing trade tensions between the U.S. and China.Rolls-Royce (RR.L), was among the top performers on the blue-chip FTSE 100 index, up 1.7% after the jet engine maker said it could offset global tariffs to meet 2025 profit targets.The aerospace and defence (.FTNMX502010), index gained 1.1%.

May 01, 2025 - 2:47 PM

Wall Street jumps on tech boost, yen slides on BOJ gloom

NEW YORK, May 1 (Reuters) - Wall Street stocks rallied and gold prices slid on Thursday as solid earnings from big tech bolstered investor risk appetite.All three major U.S. stock indexes began the month in positive territory, with upbeat quarterly results from Meta Platforms (META.O), and Microsoft (MSFT.O), benefiting the Nasdaq most, sending the tech-laden index up 2.4%.The bellwether S&P 500 is on track to extend its gains to an eighth consecutive session, its longest winning streak since August 2024.

May 01, 2025 - 1:29 PM

Tariffs squeeze US manufacturing in April, lift input prices

WASHINGTON, May 1 (Reuters) - U.S. manufacturing contracted for a second straight month in April as tariffs on imported goods strained supply chains, keeping prices at the factory gate elevated and encouraging some firms to lay off workers.

May 01, 2025 - 1:24 PM

Bond market thinks Fed should cut rates, Treasury's Bessent says

WASHINGTON, May 1 (Reuters) - The bond market is sending a signal that the Federal Reserve should be cutting interest rates, U.S. Treasury Secretary Scott Bessent said on Thursday, noting that yields on 2-year Treasury notes were lower than central bank's policy rate.

May 01, 2025 - 12:24 PM

Nasdaq leads gains on Wall Street as Microsoft, Meta surge

May 1 (Reuters) - Wall Street's main indexes advanced on Thursday, led by gains on the tech-heavy Nasdaq, as strong quarterly results from heavyweights Microsoft and Meta pointed to a resilient outlook for the technology sector.Microsoft (MSFT.O), surged 8.8%, hitting its highest level since late January, after it forecast stronger-than-expected quarterly growth for its cloud-computing business Azure. The gains helped the stock surpass Apple (AAPL.O), to became the world's most valuable company.

May 01, 2025 - 11:59 AM

Reporters

Contributors