News
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Stocks
BYD shares soar to record high; Citi hikes PT on export strength
Investing.com-- BYD Co Ltd (SZ:002594) (HK:1211) shares rose to a record high in Hong Kong trade on Wednesday, with Citi hiking its price target on the Chinese electric vehicle maker on the grounds that it was best positioned to benefit from stronger exports.Investing.com
Wed, May 21
Cryptocurrencies
$3.8 Billion In Capital Inflows Behind Ethereum’s Post-Pectra Surge, Data Shows
On-chain data shows Ethereum has seen a significant rise in its Realized Cap recently, signaling the incoming of capital into the asset. Ethereum Realized Cap Has Climbed To $244.6 Billion Recently In a new post on X, the on-chain analytics firm Glassnode has talked about how the trend in the Ethere...NewsBTC
Wed, May 21
Cryptocurrencies
Finding The Next Crypto To Explode 500% Like Ripple (XRP)? Here Are 2 Altcoins Going Viral
Ripple (XRP) has long been a crypto poster child for dramatic price surges. It is known to have exploded by over 500% in the past, fetching those who stuck with it gargantuan profits. But with its legal issue rearing its ugly head, XRP doesn’t look like replicating those meteoric rallies anytime soon. Instead, investors are […]Cryptopolitan
Wed, May 21
Cryptocurrencies
Cardano Kicks Off Independent Audit Of ADA Redemption
A third-party forensic review of the long-running Cardano (ADA) voucher redemption programme is finally in motion after Input Output Global (IOG) confirmed that the global law firm McDermott Will & Emery (MW&E) and the audit heavyweight BDO have been retained to “audit and prepare a public r...Bitcoinist
Wed, May 21
Other
Taiwan's Foxconn says AI data centre with Nvidia to have 100 MW of power
TAIPEI, May 20 (Reuters) - Taiwan's Foxconn 2317.TW, the world's largest contract electronics maker, said on Tuesday an artificial intelligence centre it has announced with Nvidia NVDA.O will be built in phases and is targeted to have 100 megawatts of power.
Reuters
Wed, May 21
Other
PRESS DIGEST - Wall Street Journal - May 21
May 21 (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.- Super Micro Computer SMCI.O plans to expand its server production capacity in the U.S. as global demand for artificial intelligence accelera...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 higher on Wednesday, with futures FFIc1 up 0.06%. * SHELL: Shell SHEL.L shareholders on Tuesday re-elected Chair Andrew Mackenzie and CEO Wael Sawan, who said when asked about a potential deal for rival BP BP.L that the bar for...Reuters
Wed, May 21
Other
Abu Dhabi's G42 And WWT Launch Forge42
May 21 (Reuters) - G42:G42 AND WORLD WIDE TECHNOLOGY (WWT)LAUNCH FORGE42 TO ACCELERATE “MADE IN EMIRATES” AI INNOVATION - STATEMENTFORGE42 DESIGNED TO SERVE AS A LAUNCHPAD WHERE CUTTING-EDGE AI IS DEVELOPED, TESTED, AND SCALEDAS A FULL-STACK AI ACCELERATOR, FORGE42 PROVIDES THE INFRASTRUCTURE COMPAN...Reuters
Wed, May 21
Other
Healthcare company ReproNovo raises $65 mln in financing round, led by Jeito Capital
May 21 (Reuters) - REPRONOVO: ReproNovo, a company dedicated to developing innovative treatments for reproductive medicine and women’s health, today announced the successful closing of a $65 million Series A financing round. The round was led by Jeito Capital, co-led by AXA IM Alts and founding inve...Reuters
Wed, May 21
Other
Russia downs 159 Ukrainian drones, defence ministry says
MOSCOW, May 21 (Reuters) - Russia's defence ministry said on Wednesday that air defences shot down 159 Ukrainian drones over Russian regions.The majority were over Russia's western regions but at least six were shot down over the Moscow region, which has a population of over 20 million, the ...Reuters
Wed, May 21
Cryptocurrencies
Cardano (ADA) In Focus: Can It Break This Barrier and Reclaim Momentum?
Cardano price started a fresh increase above the $0.7250 zone. ADA is now consolidating and facing hurdles near the $0.760 zone. ADA price started a decent increase above $0.7250 and $0.7320. The price is trading above $0.740 and the 100-hourly simple moving average. There is a key bearish trend lin...NewsBTC
Wed, May 21
Commodities
Flex LNG Q1 Adjusted EBITDA At $65.6 Mln
May 21 (Reuters) - FLEX LNG Ltd FLNG.OL:Q1 ADJUSTED EBITDA USD 65.6 MILLIONQ1 BASIC EPS USD 0.35Q1 NET INCOME USD 18.7 MILLIONQ1 REVENUE USD 88.4 MILLIONQ1 ADJUSTED NET INCOME USD 29.4 MILLIONDECLARES DIVIDEND FOR Q1 2025 OF $0.75 PER SHAREReuters
Wed, May 21
Other
Nvidia CEO praises Trump move to scrap some AI export curbs
TAIPEI, May 21 (Reuters) - U.S. export controls on artificial intelligence chips to China were "a failure" as they have cost American companies billions of dollars in lost sales, Nvidia NVDA.O Chief Executive Jensen Huang said on Wednesday.Reuters
Wed, May 21
Forex
USD/CHF drops to two-week low, eyes 0.8200 amid sustained USD selling bias
The USD/CHF pair continues to lose ground for the third successive day and drops to a two-week low, around the 0.8220-0.8215 region during the Asian session on Wednesday. Moreover, the fundamental backdrop suggests that the path of least resistance for spot prices remains to the downside.
Fxstreet
Wed, May 21
Stocks
Street View: Lower commodity prices, Novelis risks to weigh on Hindalco's Q1FY26
** Aluminum and copper miner Hindalco HALC.NS reported fourth-quarter profit ahead of analysts' estimates on Tuesday on higher commodity prices, which led to its upstream unit posting record core profit ** Prices of commodities "slightly on the lower side currently" due to global uncerta...Reuters
Wed, May 21
Stocks
BREAKINGVIEWS-Big earnings reactions dent public market’s appeal
By Aimee Donnellan LONDON, May 21 (Reuters Breakingviews) - Even a casual stock-market observer might have noticed some extreme share-price reactions to corporate earnings announcements of late. On the same day in late April, for example, software group ServiceNow NOW.N and toymaker Hasbro HAS.O...Reuters
Wed, May 21
Commodities
Turkey in nuclear plant talks with Candu, energy minister says
By Nevzat DevranogluSIRNAK, Turkey, May 21 (Reuters) - Turkey is in talks with Canada's Candu Energy and other companies regarding plans to build its second and third nuclear power plants, Turkish Energy Minister Alparslan Bayraktar said.Speaking to reporters during a visit to southeast Turkey o...Reuters
Wed, May 21
Commodities
Estimated 6 billion barrel shale oil reserve in southeast Turkey, minister says
By Nevzat Devranoglu SIRNAK, Turkey, May 21 (Reuters) - U.S. oil producer Continental Resources estimates there is a shale oil reserve of 6.1 billion barrels in Turkey's southeastern Diyarbakir Basin, the Turkish energy minister said.Continental Resources and Turkish national oil company TPAO...Reuters
Wed, May 21
