Finance news

Trade MEPs back Turnberry tariff deal with US

European Parliament moves towards lowering tariffs on US products

US-Iran Talks On or Off? Conflicting Messages Deepen Confusion

Trump dismissed the stalled US-Iran peace talks as 'very boring' and claimed he 'couldn't care less' if negotiations had ended. Yet, just an hour later, he described discussions as continuing 'at a rapid pace,' adding to confusion over the status of diplomacy between Washington and Tehran. submitted by /u/Aware_Apartment_8959 [link] [comments]

US general’s ‘dagger’ remark tests South Korea’s China balancing act

A top US general’s description of South Korea as a “dagger in the heart of Asia” aimed at China has laid bare the differences in how Washington and Seoul view their alliance and Beijing. US Forces Korea commander General Xavier Brunson made the blunt remark in a podcast interview hosted by the US Army War College on May 22, drawing a backlash both from Beijing and from Seoul itself. South Korea’s presidential office said on Saturday that it was “aware” of Brunson’s remarks and that close...

US trade: Trump reduces tariffs on certain metal products

In order to stimulate US industry again, Trump is defusing his tariff policy. The measures apply until the end of 2027 and are intended to promote investment.

Financial investor: Blackstone raises $13.1 billion for Asia funds

The US financial investor has set a new in-house record with its third Asia buyout fund. Blackstone wants to use the capital to invest in India, Japan and AI infrastructure.

Denmark’s prime minister secures third term after marathon talks

Denmark’s Social Democratic leader ⁠Mette Frederiksen said on Monday ⁠she has agreed to form a centre-left coalition government, maintaining her grip on power amid a crisis in ties with US President Donald Trump over the future of Greenland. The deal to form a minority cabinet gives Frederiksen a third ‌consecutive term as prime minister, ending months of uncertainty after a March election in which 12 parties won seats in the Danish parliament. “I have been to see His Majesty the King and...

+++ USA +++: Trump is probably stopping the controversial compensation fund

Protests in front of the US deportation center +++ USA kills alleged drug smugglers on the high seas again +++ Billions in damage feared due to stop of international flights +++ The news blog.

+++ US tariff policy +++: Trump reduces tariffs on certain metal products

EU agrees on full implementation of customs deal with USA +++ US appeals court reinstates Trump's global tariffs for the time being +++ The news blog.

Oil just surged after CENTCOM struck Iran, is anyone actually positioned for this or did everyone get washed out on the dip?

Vance's comments on May 28 fueled optimism around a potential US-Iran deal, helping push oil lower as traders priced in de-escalation and a possible reopening of Hormuz. But renewed military action and uncertainty around negotiations have since reversed part of that move. Brent is back around $95 and WTI near $92 after a sharp rebound from last week's lows. The market keeps swinging between "deal incoming" and "conflict escalating" narratives, and that uncertainty is now driving oil more than fu

Why oil-hungry Asia ignores risks linked to Russia’s ‘dark fleet’

Asia’s fuel needs may take priority over the strategic risks of relying on oil from heavily sanctioned Russia, according to experts. Currently, there is little political appetite to treat the surge of Moscow’s crude flowing eastward through a “dark fleet” of tankers as a potential security issue. The US-Israeli war on Iran has caused the price of Brent crude – the benchmark measure – to spike to above US$100 since March, although talks with Washington have seen the price soften in recent days to

Artificial intelligence: Florida sues ChatGPT developer OpenAI

The US state of Florida is breaking new legal ground with a lawsuit against the AI ​​company OpenAI. He accuses her of promising ChatGPT users security even though the software is dangerous.

Japan startup takes nonalcoholic fermented 'super drink' to US

Senators blast Trump for allowing AI chips to be sent to overseas units of Chinese firms

Democratic Senators Elizabeth Warren and Andy Kim on Monday slammed the Trump administration for potentially allowing advanced American AI chips to ‌be sent to overseas units of Chinese firms, and called on Commerce Secretary Howard Lutnick to testify to Congress on the issue, according to a statement. In a surprise move, the Department of ⁠Commerce, which oversees US exports, on Sunday issued guidance to ‌close a potential loophole that may have led companies to export the world’s most advanced

Philippines’ bet on shaky investment pledges from the US risks China’s ire

“You have absolutely no idea of what you’re talking about. The whole point of Pax Silica is to partner with countries who are good at doing different things because everyone wins from a secure supply chain,” wrote US Undersecretary of State for Economic Affairs Jacob Helberg on a social media website in response to an online critic of the US strategic initiative with the Philippines. The spirited exchange came after Manila’s reported rejection of a request to extend diplomatic immunity to US...

Trump’s US$1.8 billion ‘weaponisation’ fund is on hold, sources say

US President Donald Trump’s US$1.8 billion ⁠fund to compensate victims of alleged government “weaponisation” has been put on hold, two sources familiar with the plan said on Monday. The fund emerged from a legal settlement between Trump and the ‌Justice Department to resolve an unprecedented lawsuit in which the president had sued the Internal Revenue Service for US$10 billion over the alleged mishandling of his tax records. The US$1.776 billion was meant to pay people who said they had been the

Middle East conflict: Netanyahu continues to threaten attacks on Hezbollah targets

First, US President Trump announced a halt to mutual attacks by Israel and the Hezbollah militia in Lebanon. Just a few hours later, Netanyahu threatened to attack Beirut again.

China’s SAIC plans to build first EU car plant in Spain’s Galicia

China’s SAIC Motor plans to set ⁠up a car ⁠factory in Spain’s ⁠northwestern region of Galicia that would be its first production facility in the European Union, the regional government said on Monday. Galicia’s leader Alfonso Rueda said his administration ‌had given strategic priority to the project, with an initial investment envisaged at around €200 million (US$232 million). The project, which includes a logistics hub, still requires the central government’s approval for foreign direct...

Crude Surges on Iran Tensions

Brent and WTI rallied after reports Iran may halt US negotiations.

US targeting of Brazilian gangs is an attempt to sway election there, experts say

The US decision to classify two Brazilian gangs as terrorist organisations is a political one aimed at boosting an ally of US President Donald Trump, the son of former Brazilian president Jair Bolsonaro, politicians and analysts say. The gangs join eight other Latin American organised crime groups designated by the US as foreign terrorist organisations. But unlike the rest, they do not operate in the United States. The listing of First Capital Command, known as PCC, and Red Command, or CV,...

Wall Street: US stock markets turn positive – AI rally supports tech stocks

According to Iran, negotiations have been stopped for the time being. Trump, on the other hand, reports that talks are “continuing quickly”. The price of oil has now jumped over seven percent.

Pentagon policy illegally banned transgender troops from military, appeal court rules

A Pentagon policy illegally banned transgender troops from military service, a divided panel of federal appeal court judges ruled on Monday in another legal setback for US President Donald Trump’s sweeping agenda. The majority opinion – by a three-judge panel from the US Court of Appeals for the District of Colombia circuit – held that the Trump administration’s policy was designed to exclude people from the military based on their gender identity. The ban will remain in effect for now. The US..

US to drastically slash number of embassies in Africa that can process visas

The US State Department plans to drastically slash the number of US embassies and consulates in Africa that can process visas for foreigners seeking to go to the United States. The almost 50 US embassies and consulates that are processing visa applications will be reduced to 20 in the coming weeks, according to three US officials and an internal memo obtained by Associated Press. There is not yet a set date for the change, but it is expected in June, according to the officials, who were not...

ISM industrial sentiment: US industry remains on track for growth in May

Despite the Iran war, the ISM index climbed to its highest level in four years. The prices remain high. This can affect the interest rates.

Iran threatens Israel attack as Hezbollah Lebanon strikes escalate - World News - News - Daily Express US

submitted by /u/Background-Day-4957 [link] [comments]

US and China hold ‘candid’ maritime military safety talks in Hawaii

The Chinese and US militaries held working group talks on maritime military safety in Hawaii on Thursday and Friday, both sides have announced, in the latest effort by the two geopolitical rivals to keep military-to-military communication channels open. The meeting marked the first military communication between Beijing and Washington since last month’s high-profile summit between Chinese President Xi Jinping and US President Donald Trump in Beijing. A brief statement published by the People’s..

Trump says Israel to dial back fighting in Lebanon after Iran threatens to end peace talks

Efforts to negotiate an end to the Middle East war appeared mired in uncertainty on Monday, with Iran-linked media reporting that Tehran had suspended contact with Washington over Israel’s expanding offensive in Lebanon even as US President Donald Trump insisted talks were continuing “at a rapid pace” and claimed to have helped broker a halt to fighting between Israel and Hezbollah. The conflicting accounts highlighted the fragile state of negotiations aimed at ending more than three months of..

Fans furious at Travis Scott’s 20-minute Istanbul debut set

US rapper Travis Scott angered fans in Istanbul after a performance that barely lasted 20 minutes, with the audience booing as he left the stage early on Monday, footage on social media showed. On his first tour of Turkey, the 35-year-old hip-hop star made his Istanbul debut late on Sunday and was to hold another event in the western Izmir resort on Monday. The Istanbul event was billed as “a performance that goes beyond a classic concert” with a limited audience of just 2,500 fans, according to

Japan's Fujikura to bring US fiber-optic cable plant online by 2030: CEO

"Oil prices surge on reports that Iran has cut off communication with US" - Y!Finance

Link (to Yahoo Finance). Frankly, this doesn't surprise me in the least; although there has been talk of ongoing negotiations, I have no idea if those were face-to-face someplace, or just two strong-willed old men texting demands at each other. For discussion: what does someone smarter than I am, think this week's actions and consequences will actually be? (Example: I'm not smart enough to invest in oil or futures etc ... is anyone here really doing that? Howzit going for you?) submitted by /u/D

Wall Street: US stock markets are hardly changed - oil prices jump over seven percent

Iran has stopped negotiations for the time being. The price of oil then rises sharply - but the ongoing AI rally can support tech stocks.