News
Important Only
COLUMN-Cash is a tool, not a drag, for debt investors today: Fridson
By Marty Fridson May 12 - Holding high levels of cash is usually frowned upon by asset managers because of the ‘drag’ on portfolio returns, but in this uncertain environment, fixed income investors may be wise to consider doing just that. While U.S. investment grade and high yield indexes had re...Reuters
Mon, May 12
Eneos CFO No Direct Impact From U.S. Tariffs Was Factored Into Earnings Forecast For FY2025/26
May 12 (Reuters) - ENEOS Holdings Inc 5020.T:ENEOS CFO: TARGETING 90% REFINERY UTILIZATION IN FY2027/28, EXCLUDING SCHEDULED MAINTENANCEENEOS CFO: NO DIRECT IMPACT FROM U.S. TARIFFS WAS FACTORED INTO EARNINGS FORECAST FOR FY2025/26Reuters
Mon, May 12
JGB yields rise as US-China trade talks lift risk appetite
TOKYO, May 12 (Reuters) - Japanese government bond yields rose on Monday, as signs of progress in U.S.-China trade negotiations bolstered investors' risk appetite, prompting a sell-off in safe-haven assets. The 10-year JGB yield JP10YTN=JBTC touched 1.4%, its highest since April 10, and was last...Reuters
Mon, May 12
Poland's CCC quarterly profit rises 25% driven by cost discipline, beats forecast
May 12 (Reuters) - Polish footwear and fashion retailer CCC CCCP.WA reported a 25% rise in first-quarter core profit, driven by strong cost discipline that reduced its cost-to-revenue ratio by nearly 2 percentage points to 43.9% from 45.5% a year earlier. CCC's preliminary earnings before intere...Reuters
Mon, May 12
UniCredit Signs 10-Year MoU with Google Cloud To Accelerate Digital Transformation Across 13 Markets
May 12 (Reuters) - UniCredit SpA CRDI.MI:SIGNS MOU WITH GOOGLE CLOUD TO ACCELERATE BANK'S DIGITAL TRANSFORMATION ACROSS 13 MARKETSAGREEMENT HAS 10 YEAR DURATION, BANK TO DRAW ON GOOGLE CLOUD'S INFRASTRUCTURE, AI, DATA ANALYTICS SOLUTIONSUNICREDIT'S 13 BANKS TO PROGRESSIVELY TRANSITION TO...Reuters
Mon, May 12
Danone To Acquire Majority Stake In US-based Kate Farms
May 12 (Reuters) - Danone SA DANO.PA:DANONE AND KATE FARMS TO JOIN FORCES TO SERVE PEOPLE WITH HEALTH NEEDS ACROSS BOTH MEDICAL AND EVERYDAY NUTRITIONTO ACQUIRE MAJORITY STAKE IN KATE FARMSKATE FARMS MANAGEMENT TO RETAIN MINORITY STAKETRANSACTION SUBJECT TO REGULATORY APPROVALReuters
Mon, May 12
Danone acquires U.S. plant-based organic formula maker Kate Farms
By Abigail Summerville NEW YORK, May 12 (Reuters) - Danone DANO.PA said on Monday it has agreed to buy a majority stake in Kate Farms, a U.S. maker of plant-based organic drinks that will fit into the French food giant's specialized nutrition portfolio.Santa Barbara, California-based Kate Far...Reuters
Mon, May 12
Evonik beats core profit expectations in 1st quarter, confirms guidance
By Matthias Inverardi and Anastasiia Kozlova May 12 (Reuters) - German chemicals group Evonik Industries EVKn.DE reported first-quarter core profit above market expectations and confirmed its outlook for 2025 on Monday, aided by its shift towards high-margin growth businesses and cost discipline....Reuters
Mon, May 12
PRESS DIGEST - Wall Street Journal - May 12
May 12 (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.- Chinese battery giant CATL 300750.SZ plans to raise up to $4 billion in a Hong Kong IPO, the city's largest this year, after capturing o...Reuters
Mon, May 12
PRESS DIGEST- New York Times business news - May 12
May 12 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.- U.S. President Donald Trump will sign an executive order on Monday aimed at lowering some drug prices in the United States by alig...Reuters
Mon, May 12
HEDGE FLOW-Hedge funds re-enter Chinese equities on trade talk optimism, Morgan Stanley says
By Summer Zhen HONG KONG, May 12 (Reuters) - Hedge funds, especially U.S.-based ones, added bullish bets on Chinese stocks last week on hopes of progress in U.S.-China trade talks, according to Morgan Stanley. MSCI China Index .dMICN00000PUS and China's blue-chip CSI 300 .CSI300 rose 2.4% and...Reuters
Mon, May 12
Israel not committed to ceasefire with Hamas, only to safe corridor for release of Edan Alexander, Netanyahu says
May 12 (Reuters) - Prime Minister Benjamin Netanyahu said Israel did not commit to any ceasefire or prisoners' release with Hamas, but only to a safe corridor that would allow Israeli-American hostage Edan Alexander's release, a statement from Netanyahu's office said early on Monday.Alex...Reuters
Mon, May 12
INSIGHT-This US-owned factory in China made toys bound for Walmart. Tariffs put it on life support
Chinese factories face steep tariffs for goods destined for the USFor a US-owned toy factory in China, tariffs are an existential threatCEO could be forced to lay off employees in the US and ChinaBy Nicholas P. Brown May 11 (Reuters) - The emails started pouring in on April 9, the day President D...Reuters
Mon, May 12
Military officials of India, Pakistan to discuss next steps, India says, as ceasefire holds
By Aftab Ahmed and Shivam Patel JAMMU, India, May 12 (Reuters) - The military operations chiefs of India and Pakistan will discuss on Monday the next steps for the nuclear-armed neighbours after a ceasefire returns calm to the border, following their fiercest fighting in nearly three decades.Ther...Reuters
Mon, May 12
Japan's Ishiba open to more stimulus but rules out sales tax cut
By Leika KiharaTOKYO, May 12 (Reuters) - Japanese Prime Minister Shigeru Ishiba said on Monday the government was ready to take further steps to cushion the economic blow from higher U.S. tariffs, but signalled caution on cutting the country's consumption tax rate.Opposition and some ruling part...Reuters
Mon, May 12
South Korea's presidential campaigns kick off, focus on ailing economy
South Korea's presidential election campaigns beginContenders vow to revive struggling economyPolitical unity also priority in nation divided by marital law attemptBy Ju-min Park SEOUL, May 12 (Reuters) - Contenders for South Korea's presidency kicked off their campaigns on Monday, vowing...Reuters
Mon, May 12
Canadian miner Pan American Silver to acquire MAG Silver at valuation of about $2.1 billion
May 11 (Reuters) - Canadian miner Pan American Silver PAAS.TO will acquire MAG Silver Corp MAG.TO in a transaction which values the silver mining company at about $2.1 billion, the companies said on Sunday.The deal will give Pan American Silver access to a 44% interest that MAG has in the tier-one J...Reuters
Mon, May 12
Golf-New Zealander Fox makes his mark stateside on Mother's Day at Myrtle Beach
May 11 (Reuters) - New Zealander Ryan Fox sealed his first U.S. PGA Tour title in spectacular fashion on Sunday with a 50-foot chip-in from the fringe of the green to win the Myrtle Beach Classic and give his wife the perfect Mother's Day gift. Fox celebrated with his wife, Anneke Ryff, and two ...Reuters
Mon, May 12
