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Disney earnings soar on resilient streaming, US parks revenue
Disney+ gains 1.4 million users, taking total to 126 millionDomestic parks & experience operating income up 13% Plans new theme park in Abu DhabiShares rise 5.8% in premarket tradingBy Lisa Richwine and Dawn Chmielewski LOS ANGELES, May 7 (Reuters) - In an earnings quarter teeming with uncert...
Wed, May 7
US tariffs, Europe slowdown reshape global solar panels trade
SINGAPORE, May 7 (Reuters) - Solar panel makers in Laos and Indonesia, mostly owned by Chinese firms, boosted their share in the U.S. market after steep tariffs hit exports from other Southeast Asian countries including Cambodia and Thailand, trade data showed.
Wed, May 7
Sterling drops versus dollar, focus on BoE, trade talks
May 7 (Reuters) - The pound lost ground versus a strengthening dollar on Wednesday but remained near its highest levels in over three years, ahead of a Bank of England policy meeting due on Thursday.Investors also focused on tariffs talks as U.S. Treasury Secretary Scott Bessent and chief trade...
Wed, May 7
BMW expects car tariffs to fall from July in upbeat take on trade war
Expects some tariffs to fall from H2In talks with various U.S. policymakers, CEO saysQ1 auto EBIT margin at 6.9% vs 6.3% in LSEG pollBMW shares up 1.3%Warns of 'notable' tariff impact in Q2 By Christoph Steitz and Nick CareyFRANKFURT/LONDON, May 7 (Reuters) - BMW BMWG.DE expects U.S. car tar...
Wed, May 7
EUROPE GAS-Prices rangebound after rising to one-week high
LONDON, May 7 (Reuters) - Dutch wholesale gas prices were trading in a narrow range on Wednesday morning after rising to their highest in a week the previous day.The benchmark Dutch front-month contract TRNLTTFMc1 inched down by 0.40 euro to 34.50 euros per megawatt hour (MWh) at 0719 GMT...
Wed, May 7
PRECIOUS-Gold slips on US-China trade talk hopes; Fed policy on tap
Chinese, U.S. officials to hold ice-breaker meeting in GenevaFed interest rate decision due later in the dayIndia strikes Pakistan over tourist killings; Pakistan says Indian jets downedBy Anushree Mukherjee May 7 (Reuters) - Gold prices dropped on Wednesday as optimism surrounding U.S.-China tra...
Wed, May 7
Euro zone bond yields stable ahead of Fed policy meeting
May 7 (Reuters) - Euro zone government bond yields were steady on Wednesday, with focus fixed on a U.S. Federal Reserve rate decision later in the day and a Bank of England meeting on Thursday.In early trade, Germany's 10-year bond yield, the euro area's benchmark, was up just 1 basis points at...
Wed, May 7
JGB yields track US peers higher as Japan reopens after holidays
TOKYO, May 7 (Reuters) - Japanese government bond yields rose on Wednesday, catching up with a climb in U.S. Treasury yields, as the local market reopened following a four-day weekend.The 10-year JGB yield JP10YTN=JBTC rose 1.5 basis points (bps) to 1.275% as of 0435 GMT, rising off a 3-1/2-week...
Wed, May 7
US futures bounce on China trade talks
SINGAPORE, May 7 (Reuters) - U.S. stock futures bounced and Asian currencies rose on Wednesday, as investors welcomed news of a meeting between top U.S. and Chinese trade officials, set for the weekend in Switzerland, as a chance to tone down the trade war."My sense is this will be about de-esca...
Wed, May 7
China c.bank cuts 7-day reverse repo rate, effective May 8
BEIJING, May 7 (Reuters) - China's central bank said on Wednesday it would lower the borrowing cost of its seven-day reverse repurchase agreements, as Beijing stepped up monetary easing to support the broad economy in the face of intensifying trade tensions with the United States. The People'...
Wed, May 7
S&P 500 futures rise on trade deal optimism
May 6 (Reuters) - U.S. stock futures rose late on Tuesday after it was announced that Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer would meet with China's top economic official later this week in Switzerland.S&P 500 and Nasdaq futures ...
Wed, May 7
Bessent, Greer to meet with Chinese officials in Switzerland this week
WASHINGTON, May 6 (Reuters) - U.S. Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer will meet with China's top economic official later this week in Switzerland, the two U.S. agencies said on Tuesday, marking an initial step in potential negotiations over President Do...
Wed, May 7
AMD forecasts $1.5 billion revenue hit from US curbs on China chip exports
May 6 (Reuters) - Advanced Micro Devices AMD.O on Tuesday forecast a $1.5 billion hit to revenue this year due to new U.S. curbs on chips, which require the company to obtain a license to ship advanced artificial-intelligence processors to China.
Wed, May 7
Equities close lower as tariff uncertainty weighs
NEW YORK, May 6 (Reuters) - U.S. stocks were lower for a second straight session on Tuesday as comments from U.S. President Donald Trump and Treasury Secretary Scott Bessent provided little clarity to the timeline for any trade deals.
Wed, May 7
Oil rises 3% on signs of more Europe and China demand, less US output
Brent, WTI rebound from Monday's close at four-year lowsChina spending increased during May Day holidayIsrael strikes Houthi targets in YemenEuropean Commission proposes more sanctions against RussiaUS crude, product inventories likely down last week -pollBy Scott DiSavino NEW YORK, May 6 (Re...
Tue, May 6
Qatar Airways set to order about 100 widebody jets from Boeing, Bloomberg News reports
May 6 (Reuters) - Qatar Airways is finalizing a deal to buy around 100 widebody jets from Boeing BA.N, with an option to buy as many more, Bloomberg News reported on Tuesday, citing people familiar with the matter.The deal is expected to be announced during U.S. President Donald Trump's Middle E...
Tue, May 6
US STOCKS-Wall St set for lower open on latest tariff threats, Ford's forecast pull
May 6 (Reuters) - U.S. stock index futures indicated a lower open on Tuesday after President Donald Trump's latest plans for pharma tariffs, further dampening investor sentiment amid subdued corporate earnings.
Tue, May 6
[Reuters Analysis] 'Asian crisis in reverse' as currencies soar on the dollar
SINGAPORE/SHANGHAI, May 6 (Reuters) - A wave of dollar selling in Asia is an ominous sign for the greenback as the world's export powerhouse starts to question a decades-long trend of investing its big trade surpluses in U.S. assets.
Tue, May 6
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Microsoft launches lower-priced AI laptops with Qualcomm chips
SAN FRANCISCO, May 6 (Reuters) - Microsoft MSFT.O on Tuesday said it will release a new laptop and tablet with chips from Qualcomm at lower prices than before, aiming to get new AI features to a broader set of customers.
Tue, May 6
Germany's Merz seeks election as chancellor in second vote after debacle
Merz is first would-be chancellor in postwar history to fail to win first-time backingHis conservatives have signed coalition with Social DemocratsMerz likely to succeed eventually, but with damaged credibilityBy Madeline Chambers and Sarah Marsh BERLIN, May 6 (Reuters) - Germany's parliament...
Tue, May 6
