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EU plans 2 euro fee for low-value parcels in setback for Shein, Temu
EU received 4.6 bln low-cost e-commerce packages in 2024, 91% from ChinaEU plans to phase out duty-free exemption for goods worth less than 150 eurosChina urges EU to maintain commitment to open trade BRUSSELS, May 21 (Reuters) - The European Union is set to propose a 2 euro ($2.27) handling fee ...
Wed, May 21
PRECIOUS-Gold at highest in more than a week on soft dollar
Dollar slips to its lowest level since May 7Palladium hits over three-month highBy Brijesh Patel May 21 (Reuters) - Gold prices rose to their highest in more than a week on Wednesday, supported by a weaker dollar and safe-haven demand as U.S. President Donald Trump failed to convince Republican h...
Wed, May 21
Xpeng forecasts upbeat quarterly revenue on strong EV deliveries
May 21 (Reuters) - China's XPeng XPEV.N on Wednesday forecast second-quarter revenue above Wall Street estimates, betting on growing demand for its lower-priced electric vehicles.U.S.-listed shares of the company rose 6.3% in premarket trading.
Wed, May 21
UnitedHealth falls after report it secretly paid nursing homes to reduce hospital transfers
May 21 (Reuters) - UnitedHealth UNH.N shares fell nearly 7% on Wednesday in premarket trading after a Guardian report that the healthcare conglomerate secretly paid nursing homes thousands in bonuses to help slash hospital transfers for ailing residents.
Wed, May 21
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UK inflation jumps in April, raising prospect of BoE rate cut delay
UK annual inflation rate hits 3.5% in AprilSurge is bigger than economists and Bank of England predictedHuge increase in Easter airfares pushes up services pricesInvestors push back Bank of England rate cut betsBy Andy Bruce and William Schomberg May 21 (Reuters) - Britain suffered a bigger-than-...
Wed, May 21
China, ASEAN complete negotiations on upgraded free trade deal
HONG KONG, May 21 (Reuters) - China and the Association of Southeast Asian Nations (ASEAN) have completed negotiations to further refine their free trade area to include the digital and green economy and other new industries, China's commerce ministry said on Wednesday.
Wed, May 21
Japan's super-long yields rise to all-time highs on fiscal, auction concerns
By Rocky SwiftTOKYO, May 21 (Reuters) - Yields on long-dated Japanese government bonds rose to new records on Wednesday in the wake of a poor auction result that cast doubt over debt sales looming in the weeks ahead. Super-long yields have been on the rise, following U.S. Treasury yields higher an...
Wed, May 21
FOCUS-Energy storage boom drives battery shift, leaving nickel, cobalt behind
Cheap LFP batteries drive rapid energy storage growth. Storage demand for grid transitions expanding exponentially. Trend likely to accelerate pivot away from nickel and cobalt.
Wed, May 21
South Korea vows more policy support, including for drugmakers, as US tariffs weigh
SEOUL, May 21 (Reuters) - South Korea pledged on Wednesday more support measures for key export industries such as biopharmaceuticals and autos, as U.S. President Donald Trump's sweeping tariffs weigh on the trade-reliant economy.
Wed, May 21
Taiwan's Foxconn says AI data centre with Nvidia to have 100 MW of power
TAIPEI, May 20 (Reuters) - Taiwan's Foxconn 2317.TW, the world's largest contract electronics maker, said on Tuesday an artificial intelligence centre it has announced with Nvidia NVDA.O will be built in phases and is targeted to have 100 megawatts of power.
Wed, May 21
Nvidia CEO praises Trump move to scrap some AI export curbs
TAIPEI, May 21 (Reuters) - U.S. export controls on artificial intelligence chips to China were "a failure" as they have cost American companies billions of dollars in lost sales, Nvidia NVDA.O Chief Executive Jensen Huang said on Wednesday.
Wed, May 21
Japan's exports slow, shipments to US fall as tariffs bite
April exports rise 2% yr/yr, matches forecastExport to US fall 1.8% yr/yr on drop in automobile shipmentsJapan's trade surplus with US rises for 4th straight monthData highlight risks to economy from US tariffsBy Leika Kihara TOKYO, May 21 (Reuters) - Japan's export growth slowed in April...
Wed, May 21
Japan's super-long bond get little relief after record yield surge
TOKYO, May 21 (Reuters) - Long-dated Japanese government bonds saw little relief on Wednesday after a poor auction result sent yields to record levels and as more debt sales loomed in the weeks ahead.
Wed, May 21
GRAINS-Wheat hits 4-week high on soft dollar, crop concerns, and short-covering
CANBERRA, May 21 (Reuters) - Chicago wheat futures climbed to a four-week high on Wednesday, supported by a soft dollar, concerns over northern hemisphere production and a bout of short-covering by speculators.
Wed, May 21
FOREX-Dollar on defensive as traders eye Trump tax bill, G7 currency talks
Trump failed to convince Republican holdouts who could block bill. Bessent to talk currencies with Japanese counterpart on G7 sidelines. "Sell America" investment theme continues to weigh on dollar
Wed, May 21
Wall Street stocks slip, rising US Treasury yields in focus
NEW YORK, May 20 (Reuters) - U.S. stocks fell on Tuesday, with the benchmark S&P 500 ending six straight sessions of gains, under pressure from rising Treasury yields, with the U.S. sovereign debt profile in focus.
Wed, May 21
Moody's downgrade ripples through bond market, causes worries for stocks
NEW YORK, May 20 (Reuters) - Moody's U.S. debt downgrade is raising concerns that investors could reevaluate their appetite for U.S. government bonds, with the potential for rising yields to put pressure on stocks that are trading at elevated valuations.
Wed, May 21
Google pushes AI upgrades, subscriptions at annual I/O developer event amid search challenges
MOUNTAIN VIEW, California, May 20 (Reuters) - Alphabet's GOOGL.O Google said on Tuesday it would put artificial intelligence into the hands of more Web surfers while teasing a $249.99-a-month subscription for its AI power users, its latest effort to fend off growing competition from startups like Op
Wed, May 21
Tesla rises as Musk promises at least five years as CEO
Electric vehicle maker Tesla's TSLA.O shares rise 1% to $344.91
Wed, May 21
Fed officials expect tariffs to boost prices; White House downplays risk
AMELIA ISLAND, Florida, May 20 (Reuters) - Federal Reserve officials said on Tuesday that higher prices are coming on the back of rising U.S. import tariffs and counseled patience before making any interest rate decisions before it is clear whether the inflation shock will be fleeting or more persis
Wed, May 21
