News
Important Only
Stocks
GLOBAL MARKETS-Asian shares cap strong week on soft note, bonds enjoy relief rally
Alibaba shares slump almost 7% after earnings miss Oil steadies after 2% drop on potential US-Iran nuclear dealDollar on back foot versus safe-haven currenciesBonds extend rally on soft US data By Stella Qiu SYDNEY, May 16 (Reuters) - Asian stocks were set to end a strong week on a softer note on...Reuters
Fri, May 16
Other
Swiss Re beats consensus with 86% P&C reinsurance combined ratio
By Scott VincentMay 16 - (The Insurer) - Swiss Re reported a first-quarter P&C reinsurance combined ratio of 86% on Friday, beating consensus by 2.5 percentage points. The group’s P&C reinsurance division reported natural catastrophe losses of $570 million for the quarter, below consensus ex...Reuters
Fri, May 16
Stocks
Reading International Inc reports results for the quarter ended March 31 - Earnings Summary
Reading International Inc RDI.OQ reported a quarterly adjusted loss of 21 cents per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of -59 cents. The lone analyst forecast for the quarter was for a loss of 41 cents per share. Revenue fel...Reuters
Fri, May 16
Stocks
Singtel sells 1.2% stake in India's Bharti Airtel for $1.54 billion
May 16 (Reuters) - Singapore Telecommunications STEL.SI said on Friday it had sold around 1.2% of its stake in India's Bharti Airtel BRTI.NS for S$2 billion ($1.54 billion), netting an estimated gain of S$1.4 billion.Pastel, a unit of Singtel, sold 71 million shares in Airtel at 1,814 rupees api...Reuters
Fri, May 16
Cryptocurrencies
Ethereum Goes Heavy On Defense With Trillion-Dollar Security Initiative
Ethereum’s nonprofit arm rolled out a major security drive on May 14. It aims to shore up wallets, smart contracts, and the network itself. The move comes as more money flows onto the blockchain, with a plan big enough to protect “trillions” in digital assets. Related Reading: Analysis: Saylor’s Bit...Bitcoinist
Fri, May 16
Economic Indicator
U.S. recession no longer likely after trade truce, says Barclays
LONDON, May 16 (Reuters) - Barclays no longer expects the U.S. economy to slip into a recession later this year and has revised up its growth forecasts, given signs of a de-escalation in U.S.-China trade tensions, the bank said in a note released late Thursday.Barclays said it now expects the U.S. e...Reuters
Fri, May 16
Stocks
LIVE MARKETS-Trade-driven rally ends the week with a whimper
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.comTRADE-DRIVEN RALLY ENDS THE WEEK WITH A WHIMPERThe week started with a bang but by Friday the risk-on rally - supercharged by a China-U...Reuters
Fri, May 16
Cryptocurrencies
DDC Enterprise Ltd adopts Bitcoin as strategic reserve asset, sets sights on 5,000 BTC over three years
DDC Enterprise Ltd (DDC) has officially joined the growing list of publicly traded companies embracing Bitcoin as a strategic reserve asset. In a shareholder letter released Thursday, the company outlined a long-term accumulation plan starting with an immediate purchase of 100 BTC.
Fxstreet
Fri, May 16
Forex
USD/CAD Price Forecast: Extends the range play below 200-day SMA, 1.4000 mark
The USD/CAD pair attracts some sellers for the second straight day on Friday, though it remains confined in a range held since the beginning of this week. Spot prices currently trade just below mid-1.3900s, down over 0.10% for the day amid a combination of negative factors.
Fxstreet
Fri, May 16
Forex
FOREX-Dollar tracks Treasury yields lower on benign US data
Dollar eases but on track for slight weekly gainSouth Korean won still choppy after sharp rises this weekJapan's economy shrinks as U.S. tariff hit loomsBy Rae Wee SINGAPORE, May 16 (Reuters) - The dollar fell in tandem with U.S. Treasury yields on Friday after downside surprises on U.S. econ...Reuters
Fri, May 16
Forex
USD/CHF extends downside below 0.8350 on soft inflation reports
The USD/CHF pair extends the decline to around 0.8340 during the early European session on Friday. Soft US producer prices and consumer inflation weigh on the US Dollar (USD). Later on Friday, investors will focus on the release of the Swiss Producer and Import Prices report for April.
Fxstreet
Fri, May 16
Economic Indicator
Japan's economy shrinks more than expected as US tariff hit looms
TOKYO, May 16 (Reuters) - Japan's economy shrank for the first time in a year and at a faster pace than expected, data for the March quarter showed on Friday, underscoring the fragile nature of its recovery now under threat from U.S. President Donald Trump's trade policies.Reuters
Fri, May 16
Other
APEC trade meeting hosted by South Korea adopts joint statement
SEOGWIPO, South Korea, May 16 (Reuters) - The annual Asia-Pacific Economic Cooperation (APEC) trade meeting taking place in South Korea adopted a joint statement on Friday, concluding two days of talks aimed at fostering multilateral cooperation.Reuters
Fri, May 16
Other
Taiwan president rallies the troops ahead of possible Chinese drills
By Ben Blanchard KAOHSIUNG, Taiwan, May 16 (Reuters) - Taiwan President Lai Ching-te offered his support and encouragement to the armed forces on Friday ahead of what the government has warned could be a new round of Chinese military exercises near the island from as early as next week.Taiwan can...Reuters
Fri, May 16
