News
Important Only
Forex
INDIA RUPEE-Fed comments weigh on dollar, set stage for slight rupee upside
By Nimesh Vora MUMBAI, May 21 (Reuters) - The Indian rupee is set to open marginally higher on Wednesday, buoyed by a decline in the U.S. dollar after Federal Reserve officials adopted a cautious tone on the U.S. economic outlook.The 1-month non-deliverable forward indicated an open in the 85.56...Reuters
Wed, May 21
Commodities
PRESS DIGEST- Financial Times - May 21
May 21 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.Headlines- Shell faces shareholder pushback over gas strategy- Thames Water freezes executives' 'retention payments' after backlash- D...Reuters
Wed, May 21
Cryptocurrencies
US lawmakers question SEC Chair Atkins over President Trump's meme coin ties with Justin Sun
The Securities and Exchange Commission (SEC) Chair Paul Atkins sat with House of Representatives members at Tuesday's House Appropriations Committee hearing to discuss the agency's stance on President Donald Trump's affiliated meme coin launches and the Trump family ties with Justin Sun.Fxstreet
Wed, May 21
Cryptocurrencies
Bitcoin Price Builds Base — Consolidates Gains Ahead of Potential ATH Breakouts
Bitcoin price started a fresh increase and cleared the $106,500 zone. BTC is now consolidating and might aim for another increase toward $110,000 Bitcoin started a fresh upward move from the $105,000 zone. The price is trading above $106,000 and the 100 hourly Simple moving average. There was a brea...NewsBTC
Wed, May 21
Economic Indicator
Japan's exports slow, shipments to US fall as tariffs bite
April exports rise 2% yr/yr, matches forecastExport to US fall 1.8% yr/yr on drop in automobile shipmentsJapan's trade surplus with US rises for 4th straight monthData highlight risks to economy from US tariffsBy Leika Kihara TOKYO, May 21 (Reuters) - Japan's export growth slowed in April...Reuters
Wed, May 21
Other
China calls US chip controls ‘bullying,’ violation of international law
Investing.com-- China’s ministry of commerce on Wednesday accused the U.S. of abusing export controls and using them to suppress China, after Washington issued new restrictions on advanced Chinese comInvesting.com
Wed, May 21
Other
US Justice Department investigating former New York governor Cuomo, sources say
By Sarah N. Lynch and Daniel Trotta WASHINGTON, May 20 (Reuters) - The U.S. Justice Department is investigating Democrat Andrew Cuomo, a leading candidate for mayor of New York City, over Republican allegations that he lied to Congress about what he did as New York governor during the coronavirus...Reuters
Wed, May 21
Other
Toyota debuts new software system in revamped RAV4
TOKYO, May 21 (Reuters) - Toyota 7203.T unveiled its latest RAV4 on Wednesday and said the compact sport utility vehicle would be its first model to feature its Arene software development platform."The RAV4 marks a start in our journey in building software-defined vehicles," Simon Humphries,...Reuters
Wed, May 21
Commodities
METALS-London copper edges higher on dollar weakness, China rate cut
NEW DELHI, May 21 (Reuters) - Copper prices in London were slightly higher on Wednesday, tracking some 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 high tariffs.Benchmark copper CMCU3 on ...Reuters
Wed, May 21
Forex
Australia, NZ dollars edge up, bonds celebrate RBA's dovish turn
By Wayne Cole SYDNEY, May 21 (Reuters) - The Australian and New Zealand dollars regained some ground on Wednesday as economic worries undermined their U.S. counterpart, while bonds basked in the afterglow of a surprisingly dovish cut in domestic interest rates.Markets have priced in an extra easi...Reuters
Wed, May 21
Other
Two top aides to Mexico City mayor shot dead by motorbike killers
Killing shocks Mexico's relatively secure capital cityPolitical violence in country often linked to drug cartelsSecurity experts suggest organized crime involvement in attackMayor vows no impunity for killersBy Diego Oré and Aida Pelaez-Fernandez MEXICO CITY, May 20 (Reuters) - Two top aides ...Reuters
Wed, May 21
Economic Indicator
Mexican Economy Minister Ebrard: Mexico’s US auto exports to benefit from tariff discounts
Mexican Economy Minister Marcelo Ebrard said late Tuesday that cars assembled in Mexico and exported to the United States (US) will be levied an average tariff of 15%, not 25%, clarifying that they will avail additional discounts that local products benefit from.
Fxstreet
Wed, May 21
Stocks
GLOBAL MARKETS-Asian stocks edge up as US trade deals, fiscal health in focus
Treasury yields remain elevated but dollar under pressure Japanese bonds in focus after steep selloff on TuesdayCrude prices jump after report of Israel preparing strike on Iran nuclear facilitiesBy Johann M Cherian May 21 (Reuters) - Asian equities edged higher on Wednesday, with risk appetite c...Reuters
Wed, May 21
Other
Procap Acquisition Prices $220,000,000 Initial Public Offering at $10 Per Share
May 20 (Reuters) - ProCap Acquisition Corp PCAPU.O:PROCAP ACQUISITION CORP ANNOUNCES THE PRICING OF UPSIZED $220,000,000 INITIAL PUBLIC OFFERINGPROCAP ACQUISITION CORP - PRICES UPSIZED $220 MILLION IPOPROCAP ACQUISITION CORP: PRICING OF ITS UPSIZED INITIAL PUBLIC OFFERING OF 22,000,000 UNITS AT A PR...Reuters
Wed, May 21
Other
Mexico's US auto exports to benefit from tariff discounts, minister says
By Natalia Siniawski and Diego OréMEXICO CITY, May 20 (Reuters) - Mexican Economy Minister Marcelo Ebrard said on Tuesday that cars assembled in Mexico and exported to the United States will face an average tariff of 15%, not 25%, citing additional discounts that local products benefit from."It&...Reuters
Wed, May 21
