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PRESS DIGEST- Wall Street Journal - May 27
May 27 (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. - Starting May 28, Southwest Airlines LUV.N will charge $35 for the first checked bag and $45 for the second, ending its long-standing “b...Reuters
Tue, May 27
Other
Two dead, nine injured in Memorial Day shooting in Philadelphia, police say
May 27 (Reuters) - Two people were killed and nine others, including three teenagers, injured in a shooting at Philadelphia’s Fairmount Park on Memorial Day, police said on Tuesday.All the nine injured in the Monday night shooting are in stable condition. A male and a female, both adults, were the d...Reuters
Tue, May 27
Other
Japan's super-long bond yields slide on optimism over likely cut in MOF sales
TOKYO, May 27 (Reuters) - Yields on super-long Japanese government bonds (JGBs) fell sharply on Tuesday after Reuters reported the finance ministry may reduce the issuance of those bonds.The 30-year JGB yield JP30YTN=JBTC extended the declines, falling 12.5 basis points (bps) to 2.91%, its lowest...
Reuters
Tue, May 27
Forex
Dollar stutters as US tax bill stirs anxiety over debt; yen gains
TOKYO, May 27 (Reuters) - The dollar struggled on Tuesday to regain its footing as investor concerns over a sweeping tax and spending bill and its implications for the U.S. debt profile added to the recent erosion of confidence in American assets.
Forex
China's yuan slips as PBOC appears to reinforce currency stability via guidance fix
SHANGHAI, May 27 (Reuters) - China's yuan slipped against the dollar on Tuesday, as the central bank set a slightly weaker-than-expected midpoint fixing for the second day in a row, a signal that investors interpreted as an official intention to reinforce currency stability.
Reuters
Tue, May 27
Commodities
PRESS DIGEST-New York Times business news - May 27
May 27 (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.- Four former Volkswagen VOWG.DE executives, who were responsible for engine technology, were found guilty of fraud charges on Monda...Reuters
Tue, May 27
Commodities
PREVIEW-Sony to make case for finance arm spin-off in latest corporate transformation
Sony to hold investor day on Thursday setting out financial business strategyCompany took full control of financial unit just four years agoFocus on entertainment has received plaudits from investors By Sam Nussey TOKYO, May 27 Reuters) - Sony 6758.T will on Thursday lay out the growth strategy f...Reuters
Tue, May 27
Other
India to reinstate tax refund benefits for exporters from June to boost competitiveness
NEW DELHI, May 27 (Reuters) - India will restore benefits under a key scheme that reimburses exporters for embedded duties, taxes, and levies not covered by any other government refund programme in an effort to boost export competitiveness, the trade ministry said on Tuesday. The benefits under the ...Reuters
Tue, May 27
Indices
US Dollar Index Price Forecast: Hovers around 99.00, with a persistent bearish bias
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is retracing its recent losses from the previous session. The DXY is trading around 98.80 during the Asian hours on Tuesday.Fxstreet
Tue, May 27
Stocks
GLOBAL MARKETS-Shares mixed, dollar struggles on Trump's chaotic tariffs
Wall Street set for strong open after Monday's holidayInvestors' focus on Nvidia earnings, Fed speechesDollar headed for fifth-straight monthly declineBy Rae Wee SINGAPORE, May 27 (Reuters) - Shares were mixed on Tuesday as U.S. President Donald Trump's postponement of his threatened ...Reuters
Tue, May 27
Other
Southwest Airlines ends free baggage policy, to charge $35 for first bag
May 27 (Reuters) - Southwest Airlines LUV.N on Tuesday said it will charge $35 for one checked bag and $45 for the second, except for certain elite customers, bringing an end to the airline's free luggage policy.The move formalizes Southwest's March announcement when the airline said it woul...Reuters
Tue, May 27
Other
Israeli military says it intercepted two attacks launched from Yemen
May 27 (Reuters) - The Israeli military said on Tuesday it intercepted a missile and a projectile in separate launches from Yemen toward Israel. Yemen's Iran-aligned Houthis have continued to fire missiles at Israel in what they say is solidarity with Palestinians in Gaza, although they have ...Reuters
Tue, May 27
Cryptocurrencies
Dog-themed coins SHIB show bullish signs, DOGE faces resistance
Dogecoin (DOGE) and Shiba Inu (SHIB) are down roughly 1% at press time on Tuesday. While the dog-themed meme coins have consolidated for almost a week, Shiba Inu shows recovery signs in the derivatives market and technical charts as Dogecoin faces headwinds.
Fxstreet
Tue, May 27
Cryptocurrencies
Circle Sets The Record Straight: No Talks Of Sale To Coinbase Or Ripple
Circle, the issuer of the USDC stablecoin, has firmly denied reports suggesting it is engaged in informal discussions regarding a potential sale to either US-based crypto exchange Coinbase or blockchain payment company Ripple. This denial comes in light of a report from PYMNTS, which highlighted tha...Bitcoinist
Tue, May 27
Cryptocurrencies
Dogecoin Breakout Incoming? $3 Target On The Horizon—Analyst
Dogecoin has held steady above $0.22 since May 20 and climbed back after a brief dip. It hit $0.25 on May 23, then eased into the weekend. In the last 24 hours, the token is up 4.1%. Over a week, it’s up 5%, even though it slipped midweek. Related Reading: XRP ETF At 83% Approval Odds—Is The SEC Los...NewsBTC
Tue, May 27
Economic Indicator
World Bank cuts Kenya's 2025 growth forecast as private sector squeezed
By Duncan Miriri NAIROBI, May 27 (Reuters) - The World Bank has cut Kenya's growth forecast for this year by half a point from its initial prediction to 4.5%, it said on Tuesday, citing high levels of debt, high lending rates and a decline in private sector credit.Kenya, which is East Africa&...Reuters
Tue, May 27
