May 13 2025, 06:52 Gold steadied after a sharp selloff as a major de-escalation in US-China trade tensions hurt demand for safe-haven assets. Bullion traded near $3,237 an ounce — after falling 2.7% on Monday — with investors betting on a recovery in stocks and riskier assets. The world’s largest economies agreed to a temporary…
May 13 2025, 05:24 Oil prices rose about 1.5% to settle at a two-week high on Monday, after the U.S. and China agreed to temporarily slash tariffs, raising hopes of an end to the trade war between the world’s two biggest economies. Brent crude futures rose $1.05, or 1.6%, to settle at $64.96 a barrel….
May 13 2025, 10:33 USD/JPY weakened after posting a more than 2% gain in the previous session, trading around 147.90 during Asian trading hours on Tuesday (5/13). The currency pair depreciated as the Japanese Yen (JPY) strengthened despite lingering uncertainty over the Bank of Japan (BOJ) interest rate outlook. BOJ Vice Governor Shinichi Uchida acknowledged…
May 8 2025, 15:41 Pakistan shot down 12 drones from India that violated its airspace, the military said on Thursday, a day after Indian strikes on multiple targets in the country fanned fears of a larger military conflict between the nuclear-armed neighbours. India sent Israeli Harop drones to multiple locations, including the two largest cities…
May 8 2025, 15:20 The British pound briefly jumped 0.5% to $1.3356 after reports suggested that President Trump would announce a US-UK trade deal later on Thursday. The pound initially rallied on the news, which followed a social media tease from Trump hinting at a “major trade deal,” later linked to the UK. The move…
May 8 2025, 15:26 The Hang Seng rose 84 points or 0.4% to close at 22,776 on Thursday, marking its sixth straight gain amid a rally in U.S. futures. Optimism was fueled by President Trump’s hint at a major trade deal with a “big, and highly respected country,” likely the UK, with more details later…
