News
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Commodities
Ivory Coast cocoa grind down 7% y/y in April, exporters association says
ABIDJAN, May 27 (Reuters) - Ivory Coast's cocoa grind slipped 7% year-on-year in April to 38,169 metric tons, data from exporter association GEPEX showed on Tuesday.The total grind from the start of the 2024/25 season in October stood at 389,656 tons of beans by the end of April, down 0.2% from ...Reuters
Tue, May 27
Cryptocurrencies
Trump Media wants crypto as part of its future business model
Trump Media and Technology Group is now holding Bitcoin on its balance sheet. The company confirmed on Tuesday that it raised $2.5 billion from around 50 institutional investors and plans to put all of it into Bitcoin. That happened barely a day after publicly denying it was making a $3 billion investment. The deal includes […]Cryptopolitan
Tue, May 27
Other
Telus to invest over $50 billion in Canada over next five years
May 27 (Reuters) - Telus T.TO is investing more than C$70 billion ($50.88 billion) in Canada over the next five years to expand its network infrastructure in the country, the communications technology company said on Tuesday. ($1 = 1.3759 Canadian dollars)Reuters
Tue, May 27
Other
Protecdiv hires WTW's Puckett as EVP and public sector practice leader
By Isha MaratheMay 27 - (The Insurer) - Philadelphia-based Protecdiv has hired Tamika Puckett, former public sector division leader at WTW, as executive vice president and public sector practice leader. She will lead the development and execution of Protecdiv’s risk management strategies for public...Reuters
Tue, May 27
Other
DIARY-Political and General News Events from May 27
May 27 (Reuters) - For other diaries, please see:Political and General News POL/DIARYTop Economic Events M/DIARYEmerging Markets Economic Events EMRG/DIARYGovernment Debt Auctions D/DIARYU.S. Federal Reserve FED/DIARYToday in Washington WASH/DIARY ---------...Reuters
Tue, May 27
Other
King Charles expresses love for Canada, says it will remain 'strong and free'
OTTAWA, May 27 (Reuters) - King Charles, speaking during a symbolic visit to show support for Canada at a time it has faced U.S. annexation threats, on Tuesday expressed his love for Canada and said the country would remain "strong and free".Charles, Canada's head of state, is the first ...Reuters
Tue, May 27
Other
Thielen: Liberty Mutual has cyber growth ambitions but will put profitability first
By James ThalerMay 27 - (The Insurer) - Liberty Mutual has ambitions to build upon its top 15 position in the cyber market, with the company's incumbent position across P&C classes and account sizes meaning it can compete effectively, but underwriting profitability remains paramount, Patrick...Reuters
Tue, May 27
Economic Indicator
Brazil confident it can seal regional trade deals with EU, US despite bird flu
By Sybille de La Hamaide PARIS, May 27 (Reuters) - Brazil is negotiating with the European Union and the United States to limit bird flu-related trade restrictions to affected regions, Brazil's veterinary officer said on Tuesday, expressing strong confidence in reaching agreements.Brazil, the...Reuters
Tue, May 27
Cryptocurrencies
Stablecoin giant Circle targets $6.7 billion valuation in US IPO
Circle, shareholders seek as much as $624 millionCathie Wood's ARK set to buy up to $150 million of shares in IPOStablecoin giant had tried going public through SPAC deal previouslyBy Arasu Kannagi Basil and Pritam Biswas May 27 (Reuters) - Circle Internet said on Tuesday it was targeting a v...Reuters
Tue, May 27
Stocks
CANADA STOCKS-TSX hits record high as real estate stocks lead broad-based gains
By Sanchayaita Roy May 27 (Reuters) - Canada's main stock index touched a record high on Tuesday, led by gains in real estate shares, after U.S. President Donald Trump delayed his proposed tariffs on European Union imports.The S&P/TSX composite index .GSPTSE was up 0.7% at 26,254.39 poin...Reuters
Tue, May 27
Commodities
Oklo, South Korea's KHNP enter into agreement to develop Aurora nuclear facility
May 27 (Reuters) - Nuclear technology company Oklo OKLO.N said on Tuesday it has signed a memorandum of understanding (MOU) with South Korea's nuclear power plant operator Korea Hydro & Nuclear Power (KHNP) to develop Oklo's planned Aurora powerhouse.Shares of Oklo were up 1.9% at $49.71...Reuters
Tue, May 27
Stocks
EMERGING MARKETS-Latam assets rise; Brazil's stocks jump after inflation data
Latam stocks up 1.6%, FX up 0.1%Argentina plans $1 bln bond that pays out in pesosBrazil's inflation rose 0.36% in the month to mid-MayBy Pranav Kashyap May 27 (Reuters) - Most Latin American assets advanced on Tuesday, with Brazil's benchmark stock index near record highs, while the Arge...Reuters
Tue, May 27
Other
US-backed Gaza aid group says demand on Tuesday led to action to avoid casualties
UNITED NATIONS, May 27 (Reuters) - The U.S.-backed Gaza Humanitarian Foundation said the volume of people seeking aid at its distribution site was so great at one point on Tuesday that its team had to pull back to allow people to "take aid safely and dissipate" and to avoid casualties.It als...Reuters
Tue, May 27
Other
TSMC still evaluating ASML's 'High-NA' as Intel eyes future use
By Nathan Vifflin AMSTERDAM, May 27 (Reuters) - Taiwan Semiconductor Manufacturing Co (2330.TW), the world's largest contract chipmaker, is still assessing when it will use ASML's cutting-edge high numerical aperture (NA) machines for its future process nodes, an executive said on Tuesday...Reuters
Tue, May 27
Economic Indicator
TREASURIES-Long-term yields dip as Japan's possible bond shift eases supply worries
Japan mulls cut to long-dated bond issuanceEuro area bond yields drop after weak French inflation dataOrders for durable goods drop less than anticipatedTwo-year auction on deck later on TuesdayBy Davide Barbuscia NEW YORK, May 27 (Reuters) - U.S. Treasury yields were lower on Tuesday as concerns...Reuters
Tue, May 27
Cryptocurrencies
Why Holding Bitcoin Feels 90% Like Hell And 10% Like Heaven—Analyst
Bitcoin’s price saw a wild swing last week, briefly rising above $111,800 on May 23 before dropping to $109,600 today. Despite the sudden dip, the world’s largest cryptocurrency ended the week near $110,000, trading at $109,770 at last check. While short-term volatility continues to rattle some nerv...NewsBTC
Tue, May 27
Cryptocurrencies
Bitcoin (BTC) Price Targets $125000 Next, But Ethereum (ETH) and This Cheap Altcoin Under $0.05 Could Surprise First
As Bitcoin (BTC) eyes a meteoric rise toward $125,000, crypto investors are also keeping a close watch on Ethereum (ETH), currently priced around $2,551, for its groundbreaking role in decentralized finance and NFTs. While these giants capture the spotlight, savvy traders are turning their attention to cheaper altcoin Mutuum Finance (MUTM) which is rapidly gaining […]Cryptopolitan
Tue, May 27
Other
Auto File-The trade war rollercoaster returns
By Victoria Waldersee, Autos Correspondent, BerlinGreetings from Berlin!It seems the rollercoaster ride of tariff announcements and about-turns has returned. Coming back to my inbox after a three-day news reprieve from Friday to Sunday, I found a flurry of e-mails and expressions of panic at the pos...Reuters
Tue, May 27
Other
US Supreme Court spurns Native American challenge to Rio Tinto's Arizona copper project
Trump administration seeks to allow the mine's developmentJustice Gorsuch compares outcome to demolishing a cathedral Local mayor welcomes mining project as "an economic boon"By Nate Raymond, Ernest Scheyder May 27 (Reuters) - The U.S. Supreme Court declined on Tuesday to hear a Nativ...Reuters
Tue, May 27
