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Trading Day: AI beats Iran impasse

Trading Day: AI beats Iran impasse

By Jamie McGeever ORLANDO, Florida, May 11 (Reuters) - U.S. and world stocks touched new highs on Monday, as artificial intelligence fever continued to outweigh the prolonged U.S.-Iran impasse.
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Families of two Americans jailed in China urge Trump to seek release

Families of two Americans jailed in China urge Trump to seek release

By Antoni Slodkowski BEIJING, May 11 (Reuters) - The families of two Americans imprisoned in China for more than a decade are urging President Donald Trump to seek their release during his summit with Chinese leader Xi Jinping this week.
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Trump to sign orders to boost beef imports, rebuild cattle herd, White House says

Trump to sign orders to boost beef imports, rebuild cattle herd, White House says

By David Lawder and Tom Polansek CHICAGO, May 11 (Reuters) - U.S. President Donald Trump is set to sign executive orders on Monday to allow increased beef imports into the U.S. and to support renewal of the U.S. cattle herd in an effort to address high beef prices, a White House official said.
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Morning Bid: 11 weeks and counting

Morning Bid: 11 weeks and counting

By Mike Dolan May 11 (Reuters) - What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets The Iran conflict is entering its 11th week - more than twice the length of time indicated by President Donald Trump when he first ordered strikes on Iran - and there’s
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US senators urge Trump to 'stand strong' on shipbuilding in talks with Xi

US senators urge Trump to 'stand strong' on shipbuilding in talks with Xi

By Andrea Shalal WASHINGTON, May 11 (Reuters) - A bipartisan group of U.S. senators on Monday urged President Donald Trump to hold fast to trade remedies proposed by his administration to rebuild U.S. shipbuilding and not offer concessions when he meets with Chinese President Xi Jinping.
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What to know about Trump-Xi summit with trade, Taiwan and Iran on the agenda

What to know about Trump-Xi summit with trade, Taiwan and Iran on the agenda

Presidents Xi Jinping and Donald Trump are preparing for a summit, with both China and the U.S. emphasizing stable ties
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Share futures ease, dollar gains as Gulf talks teeter

Share futures ease, dollar gains as Gulf talks teeter

By Wayne Cole SYDNEY, May 11 (Reuters) - Share futures slipped and the dollar climbed in Asia on Monday on signs that talks between the United States and Iran were deadlocked, leaving the vital Strait of Hormuz all but shut and sending oil prices higher.
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Taiwan 'confident' in US ties ahead of Trump visit to China

Taiwan 'confident' in US ties ahead of Trump visit to China

TAIPEI, May 11 (Reuters) - Taiwan is "confident" in the stable development of its ties with the U.S. and Washington has repeatedly said its policy towards the island will not change, Foreign Minister Lin Chia-lung said on Monday of U.S. President Donald Trump's upcoming China trip.
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Oil prices rise after Trump rejects Iran's latest peace proposal, but US stocks hold steady

Oil prices rise after Trump rejects Iran's latest peace proposal, but US stocks hold steady

Oil prices are rising as the war with Iran threatens to drag on for longer, but the U.S. stock market is nevertheless holding near its record heights
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The Latest: Trump rejects Iran’s latest response to ceasefire proposal ahead of his trip to China

The Latest: Trump rejects Iran’s latest response to ceasefire proposal ahead of his trip to China

Iran and the United States reached an impasse again over how to end their war while their ceasefire grew increasingly shaky, with the two sides exchanging fire in recent days, ships and Gulf states being targeted, and fighting flaring between Israel and the Lebanese militant group Hezbollah
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China April exports rebound strongly, trade surplus widens ahead of Trump visit

China April exports rebound strongly, trade surplus widens ahead of Trump visit

By Joe Cash and Lewis Jackson LONDON/BEIJING, May 9 (Reuters) - China's export growth gathered pace in April as factories raced to meet a wave of orders from AI-related industries and other buyers seeking to stockpile components amid fears the Iran war could push global input costs even higher.
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China says exports jump 14.1% from a year ago ahead of Trump-Xi summit

China says exports jump 14.1% from a year ago ahead of Trump-Xi summit

China says exports have risen 14.1% in April from a year earlier, despite the Iran war and lingering impacts from higher U.S. tariffs