By Selena Li HONG KONG (Reuters) – China has been looking at allowing Western firms such as Citadel Securities and Jane Street to act as market makers in its rapidly growing exchange-traded fund (ETF) sector, two people with direct knowledge of the matter said. Over the last two years, Chinese authorities have issued more licences…
By Akash Sriram (Reuters) -U.S. federal budget cuts have started to have some early impact on space startups after funding for such companies dropped 12.5% in the first quarter, according to investment firm Seraphim Space. Elon Musk-led Department of Government Efficiency and the Trump administration have been delaying or cancelling contracts across its agencies to…
By Rae Wee SINGAPORE (Reuters) – In just a week, the dollar has gone from a safe haven to investors’ whipping boy as U.S. President Donald Trump’s chaotic tariffs on friend and foe alike undermine decades of trust in the world’s reserve currency. The sudden loss of confidence was nowhere more stark than in the…
By Olivia Le Poidevin GENEVA (Reuters) – Sweeping tariffs on imports imposed by U.S. President Donald Trump and countermeasures could have a “catastrophic” impact on developing countries, hitting even harder than foreign aid cuts, the director of the United Nations trade agency said on Friday. Global trade could shrink by 3-7% and global gross domestic…
WASHINGTON (Reuters) – An American Airlines plane carrying several members of Congress at Reagan Washington National Airport was struck on the taxiway by the wingtip of another American Airlines airplane, the Federal Aviation Administration said Thursday. American Airlines Flight 5490 — a Bombardier CRJ 900 headed to Charleston, South Carolina — struck American Flight 4522…
(Reuters) – U.S. President Donald Trump’s rollback of some of the steep tariffs he has imposed has done little to lower the average import duty rate from the elevated levels to which his wave of levies had driven them, researchers from Yale University said on Thursday. Trump on Wednesday unveiled a 90-day pause on the…
By Patrick Wingrove (Reuters) -Swiss drugmaker Novartis said on Thursday it plans to spend $23 billion to build and expand 10 facilities in the U.S., as it grapples with renewed threats of drug import duties from the Trump administration. Novartis said it plans to build six new manufacturing plants, some of which will make raw…
By Brijesh Patel and Anmol Choubey (Reuters) – Gold prices jumped nearly 3% to an all-time high on Thursday, as a drop in the dollar and an escalating trade war between the U.S. and China drove investors towards the safe-haven allure of the precious metal. Spot gold climbed 2.6% to $3,160.82 an ounce at 01:54…
Exclusive Early Insight for Traders & Investors Ready to Get Ahead You’re seeing this before Wall Street reacts. While most investors wait for the headlines to hit tomorrow morning, you’re getting an early look at the key events and data poised to move the markets in the next 48 to 72 hours. Use this advantage…
(Reuters) -Traders on Wednesday sharply trimmed their earlier bets on a May start to Federal Reserve rate cuts after U.S. President Donald Trump said on Truth Social he was further increasing tariffs on China but pausing for 90 days the big tariff increases he had announced last week for most other countries. Traders now see…
