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S&P affirms Bermuda sovereign rating, cites ‘steady’ insurance performance
By Michael LoneyMay 15 - (The Insurer) - S&P Global Ratings has affirmed Bermuda’s A-plus long-term sovereign credit and senior unsecured debt ratings, highlighting the “steady” performance in its insurance industry and the “smooth” implementation of the new corporate income tax.The rating agenc...Reuters
Thu, May 15
India trade gap expands in April, data shows no rush to front-load exports
By Shivangi Acharya and Manoj Kumar NEW DELHI, May 15 (Reuters) - India's merchandise trade deficit was at its widest in five months in April, according to government data released on Thursday, as imports of petroleum products jumped, limiting the impact of an increase in exports to the Unit...Reuters
Thu, May 15
Euro zone bond yields fall, take cues from Treasuries
Euro zone bond yields lowerUS yields drop after soft dataEasing trade tensions remain in focusBy Lucy Raitano LONDON, May 15 (Reuters) - Euro zone bond yields fell on Thursday, taking cues from U.S. Treasuries as soft inflation, retail sales and factory data kept Federal Reserve rate cuts on the ...Reuters
Thu, May 15
TREASURIES -US yields slip after weak producer prices, mixed retail sales
US producer prices fell on monthly basis in AprilUS April retail sales edge upUS factory output drops 0.4%US rate futures bet Fed will cut rates in SeptemberBy Tatiana Bautzer NEW YORK, May 15 (Reuters) - U.S. Treasury yields fell on Thursday after data showed some deceleration in the world'...Reuters
Thu, May 15
Alibaba misses revenue estimates as it fights for China e-commerce market dominance
Alibaba in battle with JD.com and Pinduoduo for market shareWill invest aggressively in instant commerce businessAlibaba's Cloud Intelligence Unit revenue up, driven by AI demand for AIBy Casey Hall and Deborah Mary Sophia May 15 (Reuters) - Alibaba 9988.HK posted quarterly revenue that misse...Reuters
Thu, May 15
US business inventories barely rise in March
WASHINGTON, May 15 (Reuters) - U.S. business inventories rose less than expected in March as robust sales growth at retailers depleted stocks there.Inventories gained 0.1% after rising 0.2% in February, the Commerce Department's Census Bureau said on Thursday. Economists polled by Reuters had fo...Reuters
Thu, May 15
REFILE-US manufacturing output falls in April on weak auto production
WASHINGTON, May 15 (Reuters) - U.S. manufacturing production fell more than expected in April amid a sharp decline in motor vehicle output, and the sector could struggle to regain its footing in the second quarter because of tariffs.Factory output dropped 0.4% last month after an upwardly revised 0....Reuters
Thu, May 15
Small, aspirational Albania hosts giant European summit
Summit focuses on Ukraine war, EU accession talksAlbania faces logistical challenges hosting summitEU accession hindered by Albania's reputation, political issuesBy Fatos Bytyci and Edward McAllister TIRANA, May 15 (Reuters) - European leaders descend on Albania on Friday for a meeting sure t...Reuters
Thu, May 15
US producer prices unexpectedly fall in April
WASHINGTON, May 15 (Reuters) - U.S. producer prices unexpectedly fell in April as the cost of services declined by the most since 2009, pulled down by ebbing demand for air travel and hotel accommodation.The producer price index for final demand dropped 0.5% last month after an upwardly revised unch...Reuters
Thu, May 15
Canadian home sales edge lower in April, prices fall
TORONTO, May 15 (Reuters) - Canadian home sales fell 0.1% in April from March and were down 9.8% on an annual basis, data from the Canadian Real Estate Association showed on Thursday.The industry group's Home Price Index declined 1.2% on the month and was down 3.6% annually, while the national a...Reuters
Thu, May 15
TREASURIES -Yields fall after weak producer prices, retail sales data
NEW YORK, May 15 (Reuters) - U.S. Treasury yields slid after data showed a drop in producer prices last month and a mixed report on retail sales, suggesting that the Federal Reserve was on track to cut interest rates at least twice this year.Benchmark 10-year yields fell to session lows of 4.493% US...Reuters
Thu, May 15
Brazil retail sales hit record high in March
SAO PAULO, May 15 (Reuters) - Retail sales in Brazil rose 0.8% in March from February, reaching the highest level since the series started in 2000, government statistics agency IBGE said on Thursday. The third positive result in a row came in slightly below the 1.0% increase expected in a Reuters po...Reuters
Thu, May 15
Chile central bank kept rate unchanged at 5% but considered a cut, minutes show
May 15 (Reuters) - Chile's central bank said on Thursday that despite the unanimous decision to keep the benchmark interest rate on hold at 5%, its board members had also evaluated at 25 basis points cut. Minutes of its most recent meeting showed that the board members deemed it necessary to hav...Reuters
Thu, May 15
