News
Important Only
Japan's bond yields jump after poor outcome of 20-year debt auction
By Kevin BucklandTOKYO, May 20 (Reuters) - Japanese government bond yields jumped on Tuesday as investors sold the securities after poor results at an auction of 20-year bonds spurred worries about demand for super-long debt.The 10-year JGB yield JP10YTN=JBTC vaulted 4.5 basis points (bps) to 1.525%...Reuters
Tue, May 20
Bank Leumi Le Israel BM Says Q1 Net Income Of NIS 2.4 Billion ($646 Million)
May 20 (Reuters) - Bank Leumi Le Israel BM LUMI.TA:CONSISTENT WITH THE STRATEGIC PLAN PRESENTED AT THE BEGINNING OF THE YEAR: LEUMI CONTINUES TO SHOW HIGH DOUBLE-DIGIT RETURNS - AND A NET INCOME OF NIS 2.4 BILLION ($646 MILLION) IN THE FIRST QUARTER OF 2025BANK LEUMI LE ISRAEL BM - Q1 EARNINGS PER S...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 interest
Reuters
Tue, May 20
Thai cabinet approves $4.7 bln funding to counter U.S. tariff impact
BANGKOK, May 20 (Reuters) - Thailand's cabinet on Tuesday approved funding of 157 billion baht ($4.7 billion) for measures to counter the impact of U.S. tariffs on the economy, a government spokesperson said.On Monday, the finance minister said the next phases of a cash handout scheme would be d...Reuters
Tue, May 20
Japan's Honda to scale back on electric vehicles, concentrate on hybrids
TOKYO, May 20 (Reuters) - Honda Motor 7267.T said on Tuesday that it was scaling back its investment in electric vehicles given slowing demand and would be focusing on capturing growing demand for hybrids with new models.CEO Toshihiro Mibe told a press conference the automaker has lowered its planne...Reuters
Tue, May 20
New Jersey congresswoman faces assault charge over scuffle outside immigration jail
U.S. Representative LaMonica McIver calls charge 'purely political'U.S. attorney behind case was private lawyer for TrumpTrespassing charge against Newark mayor to be dismissedBy Sarah N. Lynch and Steve GormanWASHINGTON, May 19 (Reuters) - The U.S. attorney for New Jersey said on Monday she...Reuters
Tue, May 20
MediaTek to tape out 2nm chip at TSMC in Sept, MediaTek CEO says
TAIPEI, May 20 (Reuters) - Taiwan's chip designer MediaTek 2454.TW plans to tape out its new 2 nanometer chip at foundry TSMC in September 2025, MediaTek's CEO Rick Tsai said on Tuesday at the Computex forum in Taipei.Reuters
Tue, May 20
US terminates $60 million in Harvard grants over alleged antisemitism
May 19 (Reuters) - The U.S. Department of Health and Human Services said on Monday that it was terminating $60 million in federal grants to Harvard University saying the Ivy League institution failed to address antisemitic harassment and ethnic discrimination on campus. U.S. President Donald Trum...Reuters
Tue, May 20
US terminates $60 million in Harvard grants over alleged antisemitism
May 20 (Reuters) - The U.S. Department of Health and Human Services said on Monday that it is terminating $60 million in federal grants to Harvard University due to its "failure to address anti-Semitic harassment and race discrimination."Reuters
Tue, May 20
PRESS DIGEST-British Business - May 20
May 20 (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- A legal stalemate over how much money Mike Lynch's estate may have to pay Hewlett Packard HPE.N, in one of th...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 and expects more collaboration with the U.S. in the energy sector, Finance Minister Pichai Chunhavajira said on Tuesday.Reuters
Tue, May 20
PRESS DIGEST- Financial Times - May 20
May 20 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.Headlines- UK and EU agree post-Brexit reset at showpiece summit- EY accused of 'serious' failings in audits of collapsed NMC Health- Diag...Reuters
Tue, May 20
Taiwan's Foxconn says AI data centre with Nvidia to have 100 MW of power
TAIPEI, May 20 (Reuters) - Taiwan's Foxconn 2317.TW, the world's largest contract electronics maker, said on Tuesday an artificial intelligence center it has announced with Nvidia NVDA.O will be built in phases and is targeted to have 100 megawatts of power. Foxconn Chairman Young Liu was sp...Reuters
Tue, May 20
US launches unit to target DEI policies at colleges with civil fraud probes
By Sarah N. LynchWASHINGTON, May 19 (Reuters) - The United States announced on Monday the formation of a new unit that will crack down on federally-funded universities that have diversity, equity and inclusion policies using a civil anti-fraud law, the Justice Department said in a memo.The creation ...Reuters
Tue, May 20
Nike cuts some jobs in technology division
May 19 (Reuters) - Sportswear retailer Nike NKE.N is laying off some of its employees in its technology division, a company representative told Reuters on Monday. Nike will shift some of that work to third-party vendors, the representative said in an email, adding that the changes were announce...Reuters
Tue, May 20
Ryman Hospitality Properties Says It Upsizes Offering To 2.6 Million Shares At $96.20 Per Share
May 19 (Reuters) - Ryman Hospitality Properties Inc RHP.N:RYMAN HOSPITALITY PROPERTIES, INC. ANNOUNCES UPSIZING AND PRICING OF COMMON STOCK OFFERINGRYMAN HOSPITALITY PROPERTIES INC - UPSIZES OFFERING TO 2.6 MILLION SHARES AT $96.20/SHARERYMAN HOSPITALITY PROPERTIES INC - OFFERING EXPECTED TO CLOSE O...Reuters
Tue, May 20
On anniversary of taking office, Taiwan president reiterates willingness to talk to China
TAIPEI, May 20 (Reuters) - Taiwan President Lai Ching-te on Tuesday reiterated his willingness to talk to China, as he marked one year since taking office.Lai told reporters at the presidential office that he sought peace, but that Taiwan also needs to continue strengthening its defences.Reuters
Tue, May 20
