News
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Dollar steadies near 5-month low, struggles to shake off growth concerns
TOKYO, March 18 (Reuters) - The U.S. dollar steadied above a five-month trough against major peers on Tuesday as investors awaited the latest economic projections from the Federal Reserve amid concerns about the impact of intensifying global trade tensions.Reuters
Tue, Mar 18
Foreign CEOs to flock to China for key summit, Xi meeting, sources say
Top foreign CEOs to attend annual China Development Forum in BeijingMajor attendees include Qualcomm, FedEx, Siemens, BMW, Saudi Aramco, Rio Tinto, Citadel: draft agendaNotable increase in European CEOs attending this year's summitBy Laurie Chen BEIJING, March 17 (Reuters) - Dozens of foreign...Reuters
Tue, Mar 18
Alibaba HK shares rally amid increased focus on AI
Investing.com-- Alibaba’s (NYSE:BABA) Hong Kong shares rose sharply on Tuesday amid increasing optimism over the e-commerce giant’s AI prospects, with a report suggesting that it had shifted internal priorities further towards the technology.
Investing.com
Tue, Mar 18
EUR/GBP holds position above 0.8400 ahead of German spending plan vote
EUR/GBP remains largely unchanged for the second consecutive session, hovering around 0.8410 during Asian trading hours on Tuesday. The currency cross maintains its position as the Euro remains stable from traders’ optimism ahead of the crucial German spending plan vote due later in the day.
Fxstreet
Tue, Mar 18
Baidu stock swells after ERNIE AI model announcements
Investing.com -- On Monday, Chinese tech giant Baidu Inc (NASDAQ:BIDU)’s stock rose over 8% after the company announced the launch of two advanced AI models: native multimodal model ERNIE 4.5 and reasoning model ERNIE X1. Additionally, Baidu made its ERNIE Bot free to consumers ahead of the...Investing.com
Tue, Mar 18
Gold price climbs further beyond $3,000, fresh all-time peak and counting
Gold price (XAU/USD) scales higher for the second straight day – also marking its fifth day of a positive move in the previous six – and hits a fresh record high, around the $3,010 region during the Asian session on Tuesday. Against the backdrop of the uncertainty over US President Donald Trump’s...
Fxstreet
Tue, Mar 18
China's yuan steadies on signs domestic demand picking up
SHANGHAI, March 18 (Reuters) - China's yuan held steady against the struggling dollar on Tuesday, buoyed by encouraging domestic economic data and fresh stimulus to support consumption. However, worries over a possible escalation of trade disputes with the United States continued to weigh on sen...
Reuters
Tue, Mar 18
Toronto excludes Tesla from EV incentive due to US trade war
TORONTO, March 17 (Reuters) - Toronto is no longer providing financial incentives for Tesla TSLA.O vehicles purchased as taxis or ride shares due to trade tensions with the United States, the city's mayor, Olivia Chow, said on Monday.Reuters
Tue, Mar 18
US Commerce department bureaus ban China's DeepSeek on government devices, sources say
March 17 (Reuters) - U.S. Commerce department bureaus informed staffers in recent weeks that Chinese artificial intelligence model DeepSeek is banned on their government devices, according to a message seen by Reuters and two people familiar with the matter.Reuters
Tue, Mar 18
US President Donald Trump says will speak with Putin to discuss ending Ukraine war
US President Donald Trump said he would talk to Russia's Vladimir Putin early Tuesday about ending the Ukraine war, with territorial concessions by Kyiv and control of the Zaporizhzhia nuclear power plant likely to feature prominently in the talks, per Reuters.Fxstreet
Tue, Mar 18
Trump nominates Federal Reserve Governor Bowman as vice chair for supervision
WASHINGTON, March 17 (Reuters) - U.S. President Donald Trump nominated Federal Reserve Governor Michelle Bowman to the central bank's top regulatory post as vice chair for supervision where she is expected to oversee an agenda of relaxed rule-writing and bank oversight.Reuters
Tue, Mar 18
Oil prices tick up on US attack on Houthis, China economic hopes
US vows to hit Houthis until shipping attacks stop China retail sales pick up China's crude oil throughput rose 2.1% in January, FebruaryTrump to speak to Putin on Tuesday about Ukraine war By Arathy Somasekhar HOUSTON, March 17 (Reuters) - Oil prices rose slightly on Monday after the United ...Reuters
Mon, Mar 17
Li Auto stock downgraded at two firms after fourth-quarter results
Investing.com -- Li Auto Inc (HK:2015) (NASDAQ:LI) stock received downgrades at investment banks Nomura and Macquarie, with both firms raising concerns about the automaker's near-term growth prospects following its latest financial results and guidance.Investing.com
Mon, Mar 17
Goldman sees double trouble for U.S. exceptionalism
Investing.com -- Goldman Sachs analysts warned of two major shifts in global markets that are challenging the long-standing narrative of U.S. exceptionalism.In a note Monday, the investment bank said the combination of "a sharp re-rating lower of US growth" and "a sharp re-rating higher in the...
Investing.com
Mon, Mar 17
Intel rises after report on CEO's plans to overhaul manufacturing, AI operations
Shares of U.S. chipmaker Intel INTC.O rise 2% to $24.53 premarket. INTC's incoming CEO Lip-Bu Tan plans significant changes to chip manufacturing and AI strategies ahead of him taking charge on Tuesday, sources told Reuters. Tan's top priority is revamping manufacturing operations, plan...Reuters
Mon, Mar 17
Gold edges higher at start of eventful week
Gold’s price (XAU/USD) edges slightly higher and trades around $2,995 at the time of writing on Monday following Friday’s take-profit-led correction after hitting a fresh all-time high of $3,005. Traders are bracing for a rather eventful week with the German Bundestag set to vote on the defense...Fxstreet
Mon, Mar 17
EUR/USD: Likely to trade between 1.0845 and 1.0910 – UOB Group
Price movements in Euro (EUR) vs US Dollar (USD) are likely part of a range trading phase between 1.0845 and 1.0910. In the longer run, more than week-long rally is taking a pause; EUR is likely to consolidate in a 1.0680/1.0950 range for now, UOB Group's FX analysts Quek Ser Leang and Peter Chia no
Fxstreet
Mon, Mar 17
Will the Fed Rescue the Plunging U.S. Stocks? Can Powell Act—or Even Try—at the March Meeting?
TradingKey – The early days of Trump’s return to the White House have failed to deliver the "Make America Great Again" (MAGA) rally investors hoped for, instead pushing the S&P 500 into correction territory. As the Federal Reserve’s March policy meeting approaches, markets are pinning hopes on...
TradingKey
Mon, Mar 17
Corrections Not Bear Market: BofA Calls for Trump and the Fed’s Policies Moves
TradingKey – U.S. President Donald Trump’s trade war is eroding confidence in the stock market and dimming economic optimism. Bank of America contends that U.S. stocks are undergoing a “correction” rather than entering a bear market, as both Trump and the Federal Reserve may soon adjust their...
TradingKey
Mon, Mar 17
Bessent: Corrections Are Healthy, but Economic Outlook Might Be Uncertain
TradingKey – As the S&P 500 enters a technical correction, U.S. Treasury Secretary Scott Bessent has once again addressed market concerns, seeking to ease investor anxieties. With decades of Wall Street investment experience, Bessent argues that the current market pullback is a healthy development.
TradingKey
Mon, Mar 17
Tariffs might not happen but tequila is already paying the price
LONDON, March 17 (Reuters) - Even if U.S. President Donald Trump's tariffs on Mexico are not imposed, the threats and uncertainty caused by on and off-again levies have already cost the tequila sector money and could drive a temporary slowdown in sales, producers, investors and analysts told ReutersReuters
Mon, Mar 17