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1. CNN: Scientists discover new species of dinosaur 2. Reuters: China unveils new trade partnership with US 3. The Guardian: US and China forge new trade deal 4. BBC: Scientists uncover previously unknown species of dinosaur 5. ABC News: US and China agree to historic trade pact 6. Wall Street Journal: US and China sign landmark trade deal 7. The New York Times: US strikes new trade deal with China 8. Bloomberg: China and US sign new trade agreement 9. CNBC: Scientists find new species of dinosaur 10. Fox News: China and US ink new trade pact
Trump’s import tariff raise on steel and aluminum to 50% from 25% kicks in from today. It sets a challenging stage for the freshly elected South Korean president Lee Jae-myung. SK is a key steel exporter to the US and additionally faces an across-the-board Liberation Day 25% levy if trade talks with the US fail.
Palm oil prices in Malaysia have seen a slight decline, currently stabilizing just under MYR 3,930 per tonne. This follows an increase in the previous session due to expectations of rising inventory levels. According to a Reuters forecast, palm oil stocks rose for the third consecutive month in May, supported by a modest production recovery. Adding pressure on the market are declines in competing edible oils on the Chicago and Dalian exchanges. Palm oil has faced difficulty in recovering from the seven-month lows recorded in early May. This is due to factors such as favorable weather conditions, replanting activities, and improved practices among smallholder farmers, all of which are anticipated to boost production in the coming months. However, a limiting factor to the decline is the reported surge in demand from India, the largest palm oil importer, where imports reached a six-month peak in May following a previously subdued purchasing phase. To combat inflation and ensure adequate supply, India reduced import duties on crude edible oils, including palm oil, by half to 10% last week. On the export side, May saw robust performance, with cargo surveyors reporting shipment growth ranging from 13.2% to 17.9%.The material has been provided by InstaForex Company - www.instaforex.com
In April 2025, Slovenia experienced a trade deficit of EUR 446.5 million, a significant shift from the EUR 154.4 million surplus recorded in the same month of the previous year. This was the first deficit noted since December of the prior year, attributed to a decrease in exports and an increase in imports. On an annual basis, exports decreased by 2.4% to EUR 5,780.4 million, influenced by reduced shipments to both EU countries (-2.7%) and non-EU countries (-2.1%). In contrast, imports rose by 8% to EUR 6,226.8 million, with import activity from non-EU countries witnessing a substantial increase of 20.5%, even as imports from EU countries fell by 4.7%. From January to April, Slovenia managed to maintain a trade surplus of EUR 2,619.1 million.The material has been provided by InstaForex Company - www.instaforex.com
In April 2025, Finland's trade deficit significantly decreased to EUR 0.10 billion, improving from EUR 0.47 billion recorded in the same month the previous year, as per initial estimates. Exports declined by 3.3% year-over-year to EUR 6.1 billion, attributed primarily to an 11.2% reduction in shipments to non-EU countries. Conversely, this downturn was slightly offset by a 2.7% growth in exports to EU countries. Notably, export volumes surged mainly to Poland (38%), Sweden (12.2%), and Italy (7.7%). On the import side, there was an 8.7% drop to EUR 6.2 billion, driven chiefly by reduced acquisitions from both EU (8.4%) and non-EU countries (9%). However, imports rose prominently from Norway (124%), Spain (17.4%), and the US (1%).The material has been provided by InstaForex Company - www.instaforex.com
The S&P/ASX 200 Index showed minimal movement, closing at 8,539 on Thursday. Earlier gains were negated following the release of trade balance figures for April that fell short of expectations. This development has heightened concerns regarding the export sector's susceptibility to tariff impacts, more so than previously anticipated. Australia's trade surplus narrowed to AUD 5.41 billion, compared to expectations, and was down from March's revised AUD 6.89 billion. The shrinkage was attributed to a 2.4% decrease in exports and a 1.1% increase in imports. On the global stage, trade relations captured attention, with US President Trump describing dealings with President Xi as "extremely hard," despite prior indications of a potential dialogue between the two leaders this week. Meanwhile, China is considering a significant deal with Airbus, signaling a shift towards stronger ties with the EU. In the corporate sector, notable declines were recorded by CSL Limited (-1.3%), Macquarie Group (-0.4%), and Woodside Energy (-0.4%). Conversely, Lynas Rare Earths experienced an impressive 12.5% surge, reaching a two-year peak, after automakers cautioned that China's export restrictions could disrupt production.The material has been provided by InstaForex Company - www.instaforex.com