News
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PRESS DIGEST - Wall Street Journal - May 16
May 16 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.- New Jersey's commuter rail engineers are on strike, following a yearslong battle over wages.- Retail giant Walmart WMT.N said it plans t...Reuters
Fri, May 16
BREAKINGVIEWS-Alibaba partly punctures China's AI hopes
By Robyn Mak HONG KONG, May 16 (Reuters Breakingviews) - After talking up the promises and opportunities of artificial intelligence, Alibaba 9988.HK boss Eddie Wu is struggling to deliver. The Chinese e-commerce group's shares plunged nearly 8% in New York following tepid quarterly earnings. ...Reuters
Fri, May 16
GRAINS-Chicago soybeans set for first weekly gain in three on demand prospects
BEIJING, May 16 (Reuters) - Chicago soybean futures are set for a weekly gain on Friday after two straight weeks of decline, as a China-U.S. tariff pause sparked hopes for increased Chinese demand, although uncertainty over the shape of a final trade deal lingered. Soybean contract Sv1 ...Reuters
Fri, May 16
Gold price stalls recovery from over one-month low near 200-period SMA on H4
Gold price (XAU/USD) struggles to capitalize on the previous day's strong recovery move from the $3,120 region, or the lowest level since April 10, and attracts some sellers during the Asian session on Friday.Fxstreet
Fri, May 16
METALS-Copper prices set for weekly gain on US-China trade optimism
By Hongmei LiSINGAPORE, May 16 (Reuters) - Copper prices inched higher on Friday and were on track to end the week in positive territory, supported by a China-U.S. tariff truce, although concerns over longer-term demand for the metal capped further gains.Asian stocks were poised for a strong week on...Reuters
Fri, May 16
PRESS DIGEST-British Business - May 16
May 16 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times- British's software services provider Wireless Logic's chief executive said that U.S. investment firm Gene...Reuters
Fri, May 16
GRAINS-Chicago wheat set for first weekly gain in four on strong demand
BEIJING, May 16 (Reuters) - Chicago wheat futures edged higher on Friday, poised for their first weekly gain in four weeks, as low prices sparked renewed demand for U.S. wheat.Soybean futures are also on track for a weekly climb, supported by a temporary tariff pause between Beijing and Washington t...Reuters
Fri, May 16
TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, May 16 (Reuters) - Contract Target Support/Resistance Brent oil $63.33/$62.77res $65.05/$65.69Palm oil (3rd month)3,808/3,784 ringgitres 3,871/3,887/3,909 ringgitWTI* $60.78/$60.20res $61.99/$62.65Spot gold$3,206/$3,176res $3,251/$3,286LME copper...Reuters
Fri, May 16
Brazil's Marfrig moves to cap takeover of BRF, combining as MBRF
By Ana Mano SAO PAULO, May 15 (Reuters) - Brazilian beef processor Marfrig MRFG3.SA announced on Thursday a plan to complete its takeover of poultry and pork processor BRF BRFS3.SA, while teasing plans to eventually list shares of the combined entity in the United States. The move caps a long-...Reuters
Fri, May 16
RPT-Vietnam to consider Vinspeed proposal to build high-speed railway
HANOI, May 16 (Reuters) - The Vietnamese government will consider a proposal from Vinspeed, a company established by billionaire Pham Nhat Vuong, to develop a high-speed railway running the length of the country, according to a government document.Lawmakers in the Southeast Asian industrial hub in N...Reuters
Fri, May 16
WTI declines below $61.50 amid hopes of US-Iran nuclear deal
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $61.20 during the Asian trading hours on Friday. The WTI price edges lower on expectations that the United States (US) and Iran may soon reach a deal over Tehran’s nuclear program.
Fxstreet
Fri, May 16
PRECIOUS-Gold set for worst week in six months as trade calm dents safe-haven appeal
May 16 (Reuters) - Gold prices eased on Friday and were on track for their steepest weekly decline in six months, as a stronger dollar and waning trade war concerns dampened its appeal as a safe-haven asset.Reuters
Fri, May 16
Oil prices heading for 1% weekly gain on U.S.-China trade detente
By Colleen Howe BEIJING, May 16 (Reuters) - Oil prices edged up on Friday following a sharp drop in the previous session, heading for a weekly gain of more than 1% as U.S.-China trade optimism outweighed the prospects of Iranian supply returning to the market.Brent crude LCOc1 futures rose 17 cen...Reuters
Fri, May 16
RPT-EXCLUSIVE-Shein to set up huge Vietnam warehouse in US tariff hedge, sources say
Fast-fashion giant to have first warehouse in VietnamIt is leasing facility near Ho Chi Minh City, sought more, sources sayChina's low-value shipments face US duties, Vietnam's remain duty-free for nowBy Francesco Guarascio and Casey Hall HANOI/SHANGHAI, May 15 (Reuters) - Fast-fashion on...Reuters
Fri, May 16
Syria and DP World ink $800 million deal for port development
CAIRO, May 16 (Reuters) - The Syrian government and DP World signed a memorandum of understanding (MoU) worth $800 million to develop Syria's port of Tartous, Syrian state news agency SANA said on Friday, after the lifting of U.S sanctions cleared the way for the deal. The deal to develop, manag...Reuters
Fri, May 16
Bayer seeks Roundup settlement, explores Monsanto bankruptcy, WSJ reports
May 15 (Reuters) - Bayer BAYGn.DE is preparing a plan to settle some of its mass lawsuits over Roundup weedkiller in Missouri, and may also seek bankruptcy for its Monsanto unit if the effort fails, the Wall Street Journal reported on Thursday, citing sources. The German pharmaceutical and biotechn...Reuters
Fri, May 16
Staff losses and low morale are derailing FEMA hurricane preparations, internal document says
Hurricane preparation 'has not been normal,' according to slide seen by ReutersFEMA head Richardson says agency is prepared for disasters in staff town hallRichardson says states will need to pay greater share of disaster response By Leah Douglas and Nathan Layne May 15 (Reuters) - The lo...Reuters
Thu, May 15
