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PRESS DIGEST-British Business - May 20
May 20 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories, and does not vouch for their accuracy.The Times- A legal stalemate over how much money Mike Lynch's estate may have to pay Hewlett Packard HPE.N, in one of th...Reuters
Tue, May 20
Other
Japan’s Kato hints at plans to speak with US Treasury Secretary Scott Bessent on FX this week
Japan’s Finance Minister Shunichi Kato said on Tuesday that he expects any talks with US Treasury Secretary Scott Bessent this week to be based on this understanding of foreign exchange.Fxstreet
Tue, May 20
Forex
Australian Dollar remains subdued following PBoC’s Interest Rate Decision, RBA eyed
The Australian Dollar (AUD) dips against the US Dollar (USD) on Tuesday, following a gain of over 0.50% in the previous session. The AUD/USD pair remains under pressure after the People's Bank of China (PBoC) announced its Interest Rate Decision.
Fxstreet
Tue, May 20
Other
Thailand says wants fair trading relationship with U.S.
BANGKOK, May 20 (Reuters) - Thailand is committed to creating a fair relationship in trade and investment with the United States and expects more collaboration with the U.S. in the energy sector, Finance Minister Pichai Chunhavajira said on Tuesday.Reuters
Tue, May 20
Other
PRESS DIGEST- Financial Times - May 20
May 20 (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- UK and EU agree post-Brexit reset at showpiece summit- EY accused of 'serious' failings in audits of collapsed NMC Health- Diag...Reuters
Tue, May 20
Forex
Japan-US to base talks on past FX agreement, Kato says
TOKYO, May 20 (Reuters) - Japanese Finance Minister Katsunobu Kato said on Tuesday he expects any bilateral meeting with U.S. Treasury Secretary Scott Bessent on exchange rates to be based on their shared view that excessive currency volatility was undesirable."In our previous meeting, we confir...
Reuters
Tue, May 20
Cryptocurrencies
Bitcoin Price Breakout Looms: Charts Signal Run Toward New ATH
Bitcoin price started a fresh increase and cleared the $106,000 zone. BTC is now rising and might aim for another increase toward $110,000 Bitcoin started a fresh upward move from the $102,000 zone. The price is trading above $105,500 and the 100 hourly Simple moving average. There is a short-term b...NewsBTC
Tue, May 20
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 center it has announced with Nvidia NVDA.O will be built in phases and is targeted to have 100 megawatts of power. Foxconn Chairman Young Liu was sp...Reuters
Tue, May 20
Stocks
Japan's Nikkei rises on resilient Wall Street, pause in yen rally
TOKYO, May 20 (Reuters) - Japan's Nikkei share average rose on Tuesday, with a pause in the yen's rally supporting automakers and other exporters, while resilience on Wall Street despite the U.S. sovereign downgrade buoyed overall sentiment.Reuters
Tue, May 20
Commodities
METALS-London copper edges lower as tariff uncertainty lingers
NEW DELHI, May 20 (Reuters) - Copper prices in London were slightly lower on Tuesday amid fading enthusiasm over the 90-day tariff truce between the U.S. and China, the top consumer of the metal.Benchmark copper CMCU3 on the London Metal Exchange (LME) was down 0.3% at $9,499.5 a metric ton as of 02...Reuters
Tue, May 20
Commodities
PRECIOUS-Gold eases as Russia-Ukraine ceasefire optimism curbs safe-haven demand
Trump says Russia-Ukraine to start immediate talks on ceasefireFed officials take cautious view on U.S. markets amid downgradeSeveral Fed officials scheduled to speak later in the dayBy Anushree Mukherjee.
Reuters
Tue, May 20
Stocks
HK-listed 3SBio hits 7-year peak on Pfizer licensing deal
** Shares of Chinese biopharmaceutical products developer 3SBio Inc 1530.HK jump as much as 51.7% to HK$22, highest since June 2018** Set for biggest one-day pct rise since listing in 2015; top pct gainer on Hang Seng Biotech Index .HSHKBIO and healthcare index .HSCIH, which are up 2.7% and 2.6%** P...Reuters
Tue, May 20
Other
US launches unit to target DEI policies at colleges with civil fraud probes
By Sarah N. LynchWASHINGTON, May 19 (Reuters) - The United States announced on Monday the formation of a new unit that will crack down on federally-funded universities that have diversity, equity and inclusion policies using a civil anti-fraud law, the Justice Department said in a memo.The creation ...Reuters
Tue, May 20
Stocks
GLOBAL MARKETS-Asian stocks rise as traders weigh US debt, trade deals
Investors shrug off Moody's US credit downgrade Dollar drifts as selloff in Treasuries easeEyes on RBA policy decision; rate cut expected By Ankur Banerjee and Johann M Cherian SINGAPORE, May 20 (Reuters) - Asian stocks rose on Tuesday while U.S. Treasury yields steadied allowing a bit of a b...Reuters
Tue, May 20
Forex
Australia's Opposition coalition splits as National Party pulls back
The Australian Dollar (AUD) is losing further ground across its major rivals, undermined by the latest political turmoil in Australia. However, traders remain cautious ahead of the Reserve Bank of Australia (RBA) policy announcement due later at 4.30 GMT.Fxstreet
Tue, May 20
Other
Nike cuts some jobs in technology division
May 19 (Reuters) - Sportswear retailer Nike NKE.N is laying off some of its employees in its technology division, a company representative told Reuters on Monday. Nike will shift some of that work to third-party vendors, the representative said in an email, adding that the changes were announce...Reuters
Tue, May 20
Other
Ryman Hospitality Properties Says It Upsizes Offering To 2.6 Million Shares At $96.20 Per Share
May 19 (Reuters) - Ryman Hospitality Properties Inc RHP.N:RYMAN HOSPITALITY PROPERTIES, INC. ANNOUNCES UPSIZING AND PRICING OF COMMON STOCK OFFERINGRYMAN HOSPITALITY PROPERTIES INC - UPSIZES OFFERING TO 2.6 MILLION SHARES AT $96.20/SHARERYMAN HOSPITALITY PROPERTIES INC - OFFERING EXPECTED TO CLOSE O...Reuters
Tue, May 20
