News
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Japan's Honda to scale back on electric vehicles, focus on hybrids
Now sees EVs accounting for 20%, not 30%, of sales by 2030Cuts planned investment in electrification and software by 30% To launch 13 next-generation hybrid models in the four years from 2027By Daniel Leussink TOKYO, May 20 (Reuters) - Honda Motor 7267.T said on Tuesday that it was scaling back i...Reuters
Tue, May 20
Japan's super-long bond yields soar to records as market frets about demand
TOKYO, May 20 (Reuters) - The longest-dated Japanese government bond yields soared to all-time highs on Tuesday, with worries about demand catalyzed by a poor 20-year debt auction, in a headache for the Bank of Japan as it attempts to exit from a decade of ultra-easy policy.Reuters
Tue, May 20
Thailand says wants fair trading relationship with U.S.
BANGKOK, May 20 (Reuters) - Thailand is committed to creating a fair relationship in trade and investment with the United States, the finance minister said on Tuesday as the Southeast Asian nation seeks talks with Washington to head off threatened tariffs.Thailand faces a 36% U.S. tariff if a reduct...Reuters
Tue, May 20
Microsoft Azure's AI Choice: Rather Elon Musk's Grok 3 Than Google or Anthropic
TradingKey - Microsoft (MSFT) announced on Monday at the Build 2025 developer conference that it has integrated xAI's Grok 3 and Grok 3 mini large models into the Azure AI Foundry platform, making them available to developers and enterprise customers.
TradingKey
Tue, May 20
Pound Sterling extends gains against US Dollar as hit from US debt downgrade lingers
The Pound Sterling (GBP) rises to near 1.3380 against the US Dollar (USD) during European trading hours on Tuesday. The GBP/USD pair gains for a second consecutive day as the US Dollar continues to suffer due to a one-notch downgrade in the United States (US) sovereign credit by Moody’s Rating.
Fxstreet
Tue, May 20
Japan's Nikkei closes flat as investors await fresh trade signals
TOKYO, May 20 (Reuters) - Japan's Nikkei share average ended flat on Tuesday, as support from a pause in the yen's rally lifted automakers and exporters, while investor sentiment remained cautious following U.S. sovereign downgrade by Moody's last week.Reuters
Tue, May 20
Australia's central bank cuts rates, open to more easing as global risks mount
Trump's tariffs impact Australia's economic outlookGovernor Bullock signals potential for further rate cutsSwaps imply 60% chance of another rate cut in JulyRBA sees inflation lower, unemployment higher due to trade tensionsBy Stella Qiu and Wayne Cole SYDNEY, May 20 (Reuters) - Australia...Reuters
Tue, May 20
Vietnam says second round of trade talks started in Washington
HANOI, May 20 (Reuters) - Vietnam and the United States have started a second round of trade negotiations in Washington, the Vietnamese government said on Tuesday as it seeks a deal to avoid a threatened 46% tariff rate that could weaken its export-driven growth model.Reuters
Tue, May 20
Japan's super-long bond yields soar to record highs on weak 20-year debt sale
TOKYO, May 20 (Reuters) - The longest-dated Japanese government bond yields soared to record highs on Tuesday as poor results at an auction of 20-year debt spurred worries about demand for so-called super-long securities.Reuters
Tue, May 20
GRAINS-Wheat inches higher but improved US crop weather limits gains
CANBERRA, May 20 (Reuters) - Chicago wheat futures edged higher on Tuesday amid concerns that frosts in Russia and dry conditions in China could damage output, but improved cropping conditions in the United States limited gains, holding prices near last week's five-year low.Reuters
Tue, May 20
Japan is sticking to demand for US to eliminate tariffs, trade envoy says
TOKYO, May 20 (Reuters) - Japan's top trade negotiator, Ryosei Akazawa, said on Tuesday there was no change to Tokyo's stance of demanding an elimination of U.S. tariffs in bilateral trade negotiations.Tokyo will not rush into clinching a trade deal if doing so risked hurting the country's interestReuters
Tue, May 20
Australian Dollar remains subdued following PBoC’s Interest Rate Decision, RBA eyed
The Australian Dollar (AUD) dips against the US Dollar (USD) on Tuesday, following a gain of over 0.50% in the previous session. The AUD/USD pair remains under pressure after the People's Bank of China (PBoC) announced its Interest Rate Decision.
Fxstreet
Tue, May 20
Japan-US to base talks on past FX agreement, Kato says
TOKYO, May 20 (Reuters) - Japanese Finance Minister Katsunobu Kato said on Tuesday he expects any bilateral meeting with U.S. Treasury Secretary Scott Bessent on exchange rates to be based on their shared view that excessive currency volatility was undesirable."In our previous meeting, we confir...Reuters
Tue, May 20
Japan's Nikkei rises on resilient Wall Street, pause in yen rally
TOKYO, May 20 (Reuters) - Japan's Nikkei share average rose on Tuesday, with a pause in the yen's rally supporting automakers and other exporters, while resilience on Wall Street despite the U.S. sovereign downgrade buoyed overall sentiment.Reuters
Tue, May 20
