Gold ETFs drew largest inflow in three years in Q1, says WGC

LONDON (Reuters) – Physically backed gold exchange-traded funds (ETFs) registered the largest quarterly inflow in three years in January-March, 2025, data from the World Gold Council (WGC) showed on Tuesday. Investors seeking shelter from political and economic volatility were moving into gold ETFs, which store bullion for investors, in the first quarter. A global trade war, sparked by U.S. President Donald Trump, intensified earlier this month after he announced sweeping tariffs on most U.S. imports, … Read more…

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Trump threatens additional tariffs on China, terminates talks

WASHINGTON (Reuters) – U.S. President Donald Trump said on Monday he will impose an additional 50% tariff on China if Beijing does not withdraw its retaliatory tariffs on the United States. “Additionally, all talks with China concerning their requested meetings with us will be terminated! Negotiations with other countries, which have also requested meetings, will begin taking place immediately,” Trump said in a post on Truth Social. (Reporting by Katharine Jackson and Doina Chiacu; Editing … Read more…

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Chile regulator: copper prices have likely peaked as U.S.-China trade war looms

By Fabian Cambero SANTIAGO (Reuters) – Chile’s state copper commission Cochilco on Monday said that prices for the red metal have likely already peaked this year amid an escalating trade war, as U.S. President Donald Trump threatened to further increase tariffs on China. “Base metals, including copper, are likely to have peaked in 2025 as they will be negatively impacted by the trade dynamics between the U.S. and China,” Cochilco said in a statement. It … Read more…

BlackRock’s Fink says stocks could extend fall by 20% as CEOs see recession

By Tatiana Bautzer and Ross Kerber (Reuters) -BlackRock CEO Larry Fink said stock markets could extend their decline by 20% as the U.S. imposes steep tariffs, noting views among his peers that the economy is probably already in contraction. “Most CEOs I talk to would say we are probably in a recession right now,” Fink told the Economic Club of New York on Monday. The tariffs are poised to make many items more expensive in … Read more…

HSBC Asset Management’s UK CEO Stuart White leaving company

LONDON (Reuters) – HSBC Asset Management’s UK CEO Stuart White is leaving the company after more than 14 years at the banking giant, which had started a search for his replacement, a spokesperson told Reuters. “We can confirm that Stuart White is leaving HSBC Asset Management. We will conduct a search for his replacement,” a spokesperson said, adding that he was leaving to pursue other opportunities outside the group. White led HSBC Asset Management’s $200 … Read more…

Amazon shipping route for Brazilian soy disrupted by protests, poor roads

By Ana Mano SAO PAULO (Reuters) – Indigenous protests and poor roads have disrupted shipping of Brazil’s bumper soybean crop in recent days via the river port of Miritituba in the Amazon rainforest, worrying global companies including Cargill and Bunge which have important operations. Abiove, an association representing grain handlers, said on Friday road access to Miritituba has remained under partial or total blockade for two weeks, preventing the shipment of around 70,000 tons of … Read more…

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Exclusive-Aircraft supplier Howmet may halt orders if hit by Trump tariffs, letter says

By Allison Lampert and Tim Hepher (Reuters) – Howmet Aerospace, which supplies parts for planes built by Airbus and Boeing, may halt some shipments if they are impacted by tariffs announced by U.S. President Donald Trump, according to a letter seen by Reuters. Pittsburgh-based Howmet said in the letter to customers that it has declared a force majeure event, a legal practice that allows parties to a contract to avoid their obligations if hit by … Read more…

China to US: ‘Market has spoken’ after tariffs spur selloff

By Antoni Slodkowski BEIJING (Reuters) -China said on Saturday “the market has spoken” in rejecting U.S. President Donald Trump’s tariffs, and called on Washington for “equal-footed consultation” after global markets plunged in reaction to the trade levies that drew Chinese retaliation. State-run Xinhua news agency also published the Chinese government’s stance, saying the U.S. should “stop using tariffs as a weapon to suppress China’s economy and trade”. Hong Kong Financial Secretary Paul Chan told public … Read more…

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How Microsoft’s AI chief measures consumer inroads for Copilot

By Jeffrey Dastin REDMOND, Washington (Reuters) – As Microsoft CEOs past and present gathered here to celebrate the company’s 50th birthday, one leader said he is targeting a particular metric’s improvement to guide his strategy on artificial intelligence. Mustafa Suleyman, chief executive of Microsoft AI, said his consumer and research division is tracking the usual measures of adoption for the company’s AI assistant called Copilot. These include daily and weekly active users, distribution, and usage … Read more…

Musk and OpenAI jury trial to begin in spring next year

By Anna Tong OAKLAND (Reuters) – – Billionaire Elon Musk’s lawsuit against OpenAI will go to a jury trial in spring 2026, the federal judge presiding over the case decided on Friday.  Last month, OpenAI and Musk agreed to fast-track a trial over OpenAI’s for-profit shift, the latest turn in a grudge match between the world’s richest person and OpenAI CEO Sam Altman playing out publicly in court. The judge, Yvonne Gonzalez Rogers of the U.S. District … Read more…

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