News
Important Only
US crude stocks rise with bigger imports, fuel inventories fall, EIA says
By Stephanie Kelly NEW YORK, May 14 (Reuters) - U.S. crude stocks rose as the nation imported more oil, while gasoline and distillate inventories fell last week ahead of summer driving season, the Energy Information Administration said on Wednesday.Crude inventories rose by 3.5 million barrels to...Reuters
Wed, May 14
US crude stocks rise, gasoline and distillate inventories fall - EIA
NEW YORK, May 14 (Reuters) - U.S. crude stocks rose while gasoline and distillate inventories fell last week, the Energy Information Administration said on Wednesday.Crude inventories rose by 3.5 million barrels to 441.8 million barrels in the week ended May 9, the EIA said, compared with analysts&#...Reuters
Wed, May 14
Environmental activism heats up as energy policies shift
By Rebecca DelaneyMay 9 - (The Insurer) – As policy changes begin to feed through from the ‘super-year’ of elections in 2024, the scope of environmental activism is evolving, with potential to impact a rising number of insurance classes.The movement was previously characterised by peaceful strikes o...Reuters
Wed, May 14
Domino's India operator posts higher profit on strong online sales, new stores
By Shivani TannaMay 14 (Reuters) - India's Jubilant FoodWorks JUBI.NS reported increased fourth-quarter profit and sales growth on Wednesday, as the Domino's Pizza franchisee benefited from strong online sales due to discounts and free deliveries, as well as new store additions.India's f...Reuters
Wed, May 14
Fed’s Jefferson: Tariffs could lead to higher inflation
Fed Vice Chair Philip Jefferson said that recent inflation numbers suggest the Fed is still making headway toward its 2% target. However, he cautioned that the outlook has become less certain, with the threat of new import tariffs potentially pushing prices higher.Fxstreet
Wed, May 14
Fed's Jefferson: Expect economy to slow, future inflation uncertain due to tariffs
By Howard SchneiderMay 14 (Reuters) - Recent inflation data point to continued progress toward meeting the U.S. Federal Reserve's 2% inflation goal, but the outlook is now uncertain due to the possibility new import taxes will drive prices higher, Fed Vice Chair Philip Jefferson said on Wednesda...Reuters
Wed, May 14
EUR a mid-performer in context of broad-based USD weakness – Scotiabank
The Euro (EUR) is entering Wednesday’s NA session with a decent 0.5% gain, a mid-performer among the G10 in the context of a broadly weaker US Dollar (USD), Scotiabank's Chief FX Strategist Shaun Osborne notes.
Fxstreet
Wed, May 14
EXCLUSIVE-Ketchup maker Kraft Heinz investing $3 billion upgrading US manufacturing
By Jessica DiNapoli NEW YORK, May 14 (Reuters) - Kraft Heinz KHC.O is spending $3 billion to upgrade its U.S. factories, its largest investment in its plants in a decade, even as executives say consumer sentiment is at its second-lowest point in 70 years, and it has cut sales and profit forecasts...Reuters
Wed, May 14
Bangladesh to receive $1.3 billion from IMF as reform deal reached
DHAKA, May 14 (Reuters) - The International Monetary Fund (IMF) is set to release $1.3 billion to Bangladesh in June, after completing a fourth review of its $4.7-billion loan programme and a key breakthrough in talks on exchange rate reforms, the finance ministry said.The funds, covering both the f...Reuters
Wed, May 14
NZD/USD: RBNZ to keep cutting in May – ING
Another 25bp rate cut by the Reserve Bank of New Zealand on 28 May seems likely. Markets are fully pricing it in, following the RBNZ’s previous indications that growth remains a major concern, ING's FX analysts Francesco Pesole and Chris Turner note.
Fxstreet
Wed, May 14
Fed's Goolsbee: Data still noisy as Fed waits to understand tariff impacts
WASHINGTON, May 14 (Reuters) - Data showing temperate consumer inflation in April does not necessarily reflect the impact of rising U.S. import tariffs, with the Federal Reserve still needing more data to discern the direction of prices and the economy, Chicago Fed President Austan Goolsbee said on...Reuters
Wed, May 14
RPT-Tariff uncertainty affecting global trade, investments, Germany says
BERLIN, May 14 (Reuters) - The German economy ministry said on Wednesday that uncertainty in trade and economic activity would remain elevated, citing the United States' unclear policy on tariffs.The uncertainty is affecting not just global trade, but is also having a negative impact on global p...Reuters
Wed, May 14
Japan economic panel urges $400 billion investment to boost SME productivity
By Makiko Yamazaki TOKYO, May 14 (Reuters) - Japanese Prime Minister Shigeru Ishiba's economic advisory panel recommended investment of $400 billion to boost productivity at smaller firms, a crucial segment in the government's quest to achieve wage growth well in excess of inflation. The...Reuters
Wed, May 14
Euro zone yields edge down after hitting multi-week highs, await US data
Euro area bond yields edge down after hitting fresh highsMarkets await key U.S. data on ThursdayInvestors cautious about U.S.-China trade talksECB's Villeroy sees another rate cut by summerItalian-German yield spread below 100 bpsBy Stefano Rebaudo May 14 (Reuters) - Euro zone yields retr...Reuters
Wed, May 14
BREAKINGVIEWS-US Congress will be reluctant trade war spoiler
By Gabriel Rubin WASHINGTON, May 14 (Reuters Breakingviews) - Donald Trump may have temporarily paused his trade war with China and other countries. But the extreme economic uncertainty unleashed by the president’s tariffs still raises the question of what, if anything, can stop his assault on gl...Reuters
Wed, May 14
