News
Important Only
Economic Indicator
EXPLAINER-Third time lucky? South Africa needs to plug $4.1 billion budget hole
By Colleen Goko and Siyanda Mthethwa JOHANNESBURG, May 16 (Reuters) - Finance Minister Enoch Godongwana returns to parliament on May 21 for a third try at passing South Africa's budget, after disputes with coalition partners over plans to increase tax scuppered two previous attempts.Godongwan...Reuters
Fri, May 16
Other
Britain's audit on China relations to be released in June, sources say
Audit aligns with UK's strategic defence review, sources sayLabour government aims to boost economic ties with ChinaStarmer plans China visit amid diplomatic engagement effortsBy Laurie Chen and Joe Cash BEIJING, May 16 (Reuters) - Britain's long-awaited audit of relations with China is e...Reuters
Fri, May 16
Forex
EUR/JPY Price Forecast: Tests support zone near 162.50, ascending channel’s lower boundary
EUR/JPY extends its losing streak for the third successive session, trading around 162.80 during the Asian hours on Friday. Technical analysis of the daily chart shows the currency cross remains within an ascending channel, suggesting a bullish bias is in play.
Fxstreet
Fri, May 16
Economic Indicator
Taiwan meets with US for tariff talks in South Korea
TAIPEI, May 16 (Reuters) - The main Taiwan and U.S. trade representatives met in South Korea for trade negotiations, yielding optimism that further talks would lead to reduced U.S. tariffs on Taiwan exports, the island's Vice-Premier Cheng Li-chiun said on Friday. At a news conference marking Pr...Reuters
Fri, May 16
Economic Indicator
FACTBOX-Investment banks raise China's GDP forecast after tariff pause
SHANGHAI, May 16 (Reuters) - Global investment banks are raising their forecasts for China's economic growth this year, after Beijing and Washington agreed to a 90-day pause on tariffs, despite uncertainty around Sino-U.S. trade negotiations.The deal reached between the U.S. and China after bila...Reuters
Fri, May 16
Cryptocurrencies
PRESS DIGEST- New York Times business news - May 16
May 16 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.- The Securities and Exchanges Commission (SEC) is investigating whether Coinbase COIN.O misstated its user numbers, even after it d...Reuters
Fri, May 16
Cryptocurrencies
BNB Price Finds Its Footing — Can Bulls Ignite the Next Leg Up?
BNB price is consolidating above the $640 support zone. The price is now showing positive signs and might aim for more gains in the near term. BNB price is attempting to recover from the $640 support zone. The price is now trading above $655 and the 100-hourly simple moving average. There was a brea...NewsBTC
Fri, May 16
Other
NRC Group Says Q1 Revenue Of Nok 1,264 Million
May 16 (Reuters) - NRC Group ASA NRC.OL:NRC GROUP ASA - Q1 REVENUE OF NOK 1,264 MILLION (NOK 1,306 MILLION)NRC GROUP ASA - Q1 EBIT OF NOK -27 MILLION (NOK -99 MILLION, EBIT ADJUSTED. NOK -43 MILLION)NRC GROUP ASA - Q1 EBIT MARGIN OF -2.1% (-7.5%)NRC GROUP ASA - Q1 ORDER BACKLOG OF NOK 8,875 MILLION ...Reuters
Fri, May 16
Cryptocurrencies
This Late-Stage Bitcoin Bull Run Signal Hasn’t Shown Up Yet
On-chain data shows the Bitcoin Binary CDD is yet to reach the same peak as during the last few tops in the cryptocurrency’s price. 30-Day MA Of Bitcoin Binary CDD Is Currently Sitting Around 0.6 In a CryptoQuant Quicktake post, an analyst has talked about the latest trend in the Binary CDD fo...NewsBTC
Fri, May 16
Cryptocurrencies
Bitcoin Seeing 309,000 New Addresses Per Day: How Do XRP & Ethereum Compare?
Data shows the Bitcoin network is currently observing a high amount of adoption. Here’s how other major assets like XRP and Ethereum stack up. Bitcoin Is Observing High Daily Average Wallet Creation Right Now In a new post on X, the on-chain analytics firm Santiment has discussed about how the...Bitcoinist
Fri, May 16
Forex
ECB's Villeroy: Volatility reflects trade wars, not currency wars
PARIS, May 16 (Reuters) - European Central Bank policymaker Francois Villeroy de Galhau said economic and market volatility reflected trade wars rather than currency wars."Unfortunately, there is a risk of trade war, but a currency war would be a situation where each country is actively using it...Reuters
Fri, May 16
Other
China, US have ample room for cooperation, Chinese vice president says
BEIJING, May 16 (Reuters) - China and the United States share broad common interests and have ample room for cooperation, Chinese Vice President Han Zheng said on Friday in a meeting with Invesco's chairman Richard Wagoner in Beijing.Reuters
Fri, May 16
Commodities
PRESS DIGEST - Wall Street Journal - May 16
May 16 (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.- New Jersey's commuter rail engineers are on strike, following a yearslong battle over wages.- Retail giant Walmart WMT.N said it plans t...Reuters
Fri, May 16
Stocks
India's Bharti Airtel falls after stake sale by SingTel
** Bharti Airtel BRTI.NS down 2.7% to 1,816 rupees; among top losers on Nifty 50 .NSEI, which is trading 0.24% lower** Singapore Telecommunications STEL.SI said it sold 71 million shares of BRTI at a price of 1,814 rupees apiece - reflecting a 2.9% discount on Thursday's closing price **...Reuters
Fri, May 16
