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Commodities
TABLE-UAE's Fujairah oil inventory data for week ended May 19
May 21 (Reuters) - The Fujairah Oil Industry Zone published the following inventory data for oil products for the week ended May 19, according to industry information service S&P Global Commodity Insights.Volumes are in thousands of barrels. Figures in brackets represent the volume change from t...Reuters
Wed, May 21
Commodities
METALS-London copper rises on dollar weakness, China rate cut
NEW DELHI, May 21 (Reuters) - Copper prices in London rose on Wednesday, tracking weakness in the U.S. dollar and stimulus efforts from top consumer China, although gains were limited due to persisting uncertainty over economic growth from tariffs.Benchmark copper CMCU3 on the London Metal Exchange ...Reuters
Wed, May 21
Other
China, ASEAN complete negotiations on upgraded free trade deal
HONG KONG, May 21 (Reuters) - China and the Association of Southeast Asian Nations (ASEAN) have completed negotiations to further refine their free trade area to include the digital and green economy and other new industries, China's commerce ministry said on Wednesday.Reuters
Wed, May 21
Other
RPT-ANALYSIS-Trump-Putin call on war in Ukraine is another blow to Kyiv and its allies
Ukraine and allies disappointed by Trump-Putin call - diplomatsNo sign of immediate US pressure on Moscow to push for peaceEurope and Ukraine agree to tighten sanctions neverthelessPutin appears in no rush to end the war he startedRussia makes battlefield gains, US aid to Ukraine uncertainBy Tom Bal...Reuters
Wed, May 21
Other
Russia's MTS reports 88% drop in first-quarter net income
May 21 (Reuters) - Russia's largest mobile operator MTS MTSS.MM says:Q1 net income down 87.6% at 4.9 billion roubles ($60.79 million) owing to higher interest costs and the sale of its Armenian business in Q1 2024; Q1 revenue rose 8.8% to 175.5 billion roubles;Q1 operating income before deprecia...Reuters
Wed, May 21
Stocks
58% of Warren Buffett's $287 Billion Portfolio at Berkshire Hathaway Is Invested in Just 4 Unstoppable Stocks
For decades, no money manager has commanded the attention of Wall Street professionals and everyday investors quite like Berkshire Hathaway's (NYSE: BRK.A)(NYSE: BRK.B) Warren Buffett.This reverence derives from his jaw-dropping outperformance of the benchmark S&P 500 since becoming CEO 60 years ago...The Motley Fool
Wed, May 21
Other
Major exporters expect drop in trade volume after US tariff announcements: Allianz Trade
May 21 - (The Insurer) - Nearly 60% of exporters in major economies expect a negative impact from the U.S. government's "Liberation Day" tariff announcements, the latest Allianz Trade Global Survey has shown.The survey, which polled 4,500 companies across nine countries, found that 45% o...Reuters
Wed, May 21
Other
Japan's super-long yields rise to all-time highs on fiscal, auction concerns
By Rocky SwiftTOKYO, May 21 (Reuters) - Yields on long-dated Japanese government bonds rose to new records on Wednesday in the wake of a poor auction result that cast doubt over debt sales looming in the weeks ahead. Super-long yields have been on the rise, following U.S. Treasury yields higher an...Reuters
Wed, May 21
Commodities
PRECIOUS-Gold prices hit one-week high on weaker dollar, US fiscal concerns
Trump tax-cut bill faces rare overnight stress test with US House RepublicansDollar retreated to its lowest level since May 7Palladium hits over three-month high By Anushree Mukherjee May 21 (Reuters) - Gold prices rose nearly 1% on Wednesday, hitting their highest levels in more than a week, as ...Reuters
Wed, May 21
Cryptocurrencies
Ethereum Exchange Supply Drops To Record Low Of 4.9%
On-chain data shows the Ethereum Supply on Exchanges has plunged to a new all-time low as investors have continued to withdraw ETH. Ethereum Supply On Exchanges Has Continued Its Downtrend Recently In a new post on X, the on-chain analytics firm Santiment has discussed about the latest trend in the ...Bitcoinist
Wed, May 21
Cryptocurrencies
Binance Bitcoin Outflows and MVRV Ratio Point to Sustained Bullish Setup, Analyst Reveals
Bitcoin (BTC) has seen a slight retreat after reaching an intraday high of $106,704. At the time of writing, the asset trades at $104,686, reflecting a mere 0.4% increase in the last 24 hours. Despite this slight pullback, BTC remains within 3.8% of its all-time high of $109,000 set in January, indi...NewsBTC
Wed, May 21
Other
Google, Volvo Cars deepen partnership to develop Android software for vehicles
By Nick CareyMay 21 (Reuters) - Volvo Cars and Alphabet's Google said on Wednesday the Swedish carmaker was now the lead development partner for Android automotive software, which should give its buyers access to new versions long before they are available via car industry rivals."We're ...Reuters
Wed, May 21
Other
EU to review agreement with Israel over Gaza concerns, Kallas says
Diplomats said 17 out of the EU's 27 members backed the reviewInternational pressure on Israel has increased Israel foreign ministry rejects EU criticism BRUSSELS, May 20 (Reuters) - The European Union will review a pact governing its political and economic ties with Israel due to the "ca...Reuters
Wed, May 21
Stocks
Japan's Nikkei falls on profit-taking, yen; Mizuho climbs
By Rocky Swift TOKYO, May 21 (Reuters) - Japan's Nikkei share average fell on Wednesday as traders locked in recent gains and appreciation in the yen sapped demand for exporters. Tokio Marine Holdings 8766.T sank 2.6% and triggered a decline in insurance companies after forecasting a 12% drop...Reuters
Wed, May 21
Stocks
LIVE MARKETS-Before the bell: European futures down, MS upgrades banks
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.comBEFORE THE BELL: EUROPEAN FUTURES DOWN, MS UPGRADES BANKSEuropean shares were set for weaker start on Wednesday on fresh geopolitical c...Reuters
Wed, May 21
Stocks
UK Stocks-Factors to watch on May 21
May 21 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening lower on Wednesday, with futures FFIc1 down 0.32%. * MARKS & SPENCER'S: British retailer Marks & Spencer's MKS.L said a "highly sophisticated cyber" attack would cost it about 300 million pounds in opera...Reuters
Wed, May 21
Other
Tokio Marine mulls auto rate increases to stabilise domestic P&C profit
By Rebecca DelaneyMay 21 - (The Insurer) - Tokio Marine has said it is considering lifting rates in its domestic auto lines in a bid to offset rising vehicle repair costs and achieve its combined ratio target of 95% or below for the class.Speaking on a media call on Tuesday after the carrier publish...Reuters
Wed, May 21
