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African Development Bank to pick new head to confront U.S. funding cuts
AfDB kicks off annual meeting in AbidjanElection of new bank president to take place on ThursdayNew head to confront U.S. funding cuts, other challengesBy Duncan Miriri NAIROBI, May 26 (Reuters) - The African Development Bank will meet in Ivory Coast this week to pick a new president at a time wh...Reuters
Mon, May 26
Forex
EUR/USD strengthens above 1.1400 as Trump delayed 50% tariffs on EU to July 9
The EUR/USD pair gathers strength to near 1.1415 during the early European session on Monday. The Euro (EUR) edges higher against the Greenback as US President Donald Trump extends the deadline for 50% EU tariffs until July 9.
Fxstreet
Mon, May 26
Stocks
LIVE MARKETS-Europe rallies after the 'good' phone call
Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.comEUROPE RALLIES AFTER THE 'GOOD' PHONE CALL A look at the day ahead in European and global markets from Vidya Ranganathan...Reuters
Mon, May 26
Other
Gaza humanitarian group official resigns; cites lack of independence
Director resigns, citing lack of independenceGaza aid group vows to begin deliveries on MondayAid trickling into Gaza in recent days following blockadeBy Brad Brooks and Alexander Cornwell May 25 (Reuters) - The head of a U.S.-backed private humanitarian organization tasked with distributing aid ...Reuters
Mon, May 26
Commodities
Enel Unit Signs Swap Agreement With Gulf Pacific Power, To Increase U.S. Renewable Capacity By 285 MW
May 26 (Reuters) - Enel SpA ENEI.MI:SIGNS AGREEMENT THAT ALLOWS THE GROUP TO INCREASE CONSOLIDATED RENEWABLE CAPACITY IN THE US BY 285 MWUNIT ENEL GREEN POWER NORTH AMERICA HAS SIGNED SWAP AGREEMENT WITH GULF PACIFIC POWERAGREEMENT PROVIDES FOR NET CONSIDERATION OF ABOUT 50 MILLION US DOLLARS IN CAS...Reuters
Mon, May 26
Cryptocurrencies
Crypto markets edge higher as President Trump delays 50% tariff on EU goods to July 9
The cryptocurrency market is recovering modestly during Asian hours on Monday, supported by easing geopolitical tensions after US President Donald Trump announced a delay in the planned 50% tariff on European Union goods.
Cryptocurrencies
Chinese AI firms are thriving despite US chip restrictions
Tencent and Baidu, two of China’s top tech giants, say they have found ways to stay competitive in the global race for artificial intelligence even as the United States tightens controls on key semiconductors.Cryptopolitan
Mon, May 26
Other
TIMELINE-How Trump's trade war is upending global economy
May 26 (Reuters) - U.S. President Donald Trump's tariff decisions since he took office on January 20 have shocked financial markets and sent a wave of uncertainty through the global economy.Here is a timeline of the major developments: February 1 - Trump imposes 25% tariffs on Mexican and mo...Reuters
Mon, May 26
Cryptocurrencies
XRP Ledger Chosen By Dubai To Power Real Estate Tokenization
Dubai’s Land Department (DLD) has switched on the Middle East’s first government-backed tokenization of property title deeds, selecting the open-source XRP Ledger (XRPL) as the settlement layer for a pilot expected to reshape how domestic real-estate assets are bought, sold and financed. The live la...Bitcoinist
Mon, May 26
Stocks
China, Hong Kong stocks weaken as auto shares, Apple suppliers weigh
HONG KONG, May 26 (Reuters) - China and Hong Kong stocks retreated on Monday, with automobile and Apple suppliers leading the decline. ** At the midday break, the Shanghai Composite index .SSEC was down 0.3% at 3,338.42 points. China's blue-chip CSI300 index .CSI300 was down 0.7%.** In Hong Kong...
Forex
Asian currencies rise as US fiscal woes, policy shifts weigh on dollar
May 26 (Reuters) - Emerging Asian currencies firmed on Monday, aided by pressure on the dollar amid U.S. fiscal concerns, while risk appetite improved after U.S. President Donald Trump postponed his threat to impose 50% tariffs on EU goods by more than a month.Reuters
Mon, May 26
Other
OpenAI to open office in Seoul amid growing demand for ChatGPT
SEOUL, May 26 (Reuters) - OpenAI will set up its first office in Seoul and has established an entity in South Korea as demand in the country jumps for its ChatGPT service, the company said on Monday.South Korea has the largest number of paying ChatGPT subscribers after the United States...Reuters
Mon, May 26
Other
Russia says it downs 96 Ukrainian drones, some Moscow airports halt flights
MOSCOW, May 26 (Reuters) - Russia's defence ministry said on Monday that air defence systems had downed 96 Ukrainian drones, including six over Moscow region.Moscow's Domodedovo and Zhukovsky airports temporarily halted flights, Russia's aviation watchdog Rosaviatsia said.Reuters
Mon, May 26
Stocks
Angry Musk for Tesla Comeback? “Iron Man” Musk: 7x24 at Work and Sleeping in Factory Rooms
TradingKey - As CEO Elon Musk shifts his focus back from the U.S. Department of Government Efficiency (DOGE) to Tesla’s core businesses — including Autopilot development and robotics — Tesla shares have accelerated their rebound. After reaffirming that he will remain CEO for the next five years...
TradingKey
Mon, May 26
Other
Meet the people vying to lead Africa's top development bank
By Libby GeorgeLONDON, May 26 (Reuters) - Five candidates are running to become President of the African Development Bank in an election on Thursday during the lender's annual meeting in Abidjan, Ivory Coast.Tectonic shifts in global development finance with shrinking concessional funding, cuts ...Reuters
Mon, May 26
Stocks
FinVolution's BRAVOSHOPS to Boost 1,500 SMEs across Asia, Debuts at UN Global Compact BRI Action Platform Summit
JAKARTA, Indonesia, May 26, 2025 /PRNewswire/ -- FinVolution Group (NYSE: FINV), a leading fintech company, has launched its "BRAVOSHOPS" pilot initiative to support small and micro businesses across pan-Asian countries. The Company introduced the initiative at a summit held in Indonesia&n...PR Newswire
Mon, May 26
Forex
EUR/JPY Price Forecast: Climbs beyond mid-162.00s, bulls have the upper hand while above 200-day SMA
The EUR/JPY cross gains strong positive traction at the start of a new week and snaps a three-day losing streak to the 161.00 neighborhood, or a nearly one-month low set on Friday.
Fxstreet
Mon, May 26
Other
CORRECTED-Gaza Humanitarian Foundation director resigns, citing lack of independence
By Brad Brooks May 25 (Reuters) - The head of a U.S.-backed private humanitarian organization that is tasked with distributing aid in Gaza using an Israeli-initiated plan resigned on Sunday. Jake Wood, a former U.S. Marine and the executive director of the Gaza Humanitarian Foundation for the pas...Reuters
Mon, May 26
Forex
GBP/USD Price Forecast: Hits fresh 39-month highs near 1.3600
The GBP/USD pair extends its winning streak for the second successive session, trading around 1.3580 during Monday's Asian hours. The technical analysis of the daily chart suggests that a bullish bias prevails as the pair moves upwards within an ascending channel pattern.
Fxstreet
Mon, May 26
