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Commodities
Gold price rebounds above $3,200 as US PPI and Retail Sales miss estimates
Gold prices recovered some ground earlier during the North American session after US economic data suggested that factory gate inflation continues to decelerate while consumer spending debilitated due to US tariffs. At the time of writing, the XAU/USD trades at $3,202, up by 0.82%.
Fxstreet
Thu, May 15
Economic Indicator
TREASURIES -US yields slip after weak producer prices, mixed retail sales
US producer prices fell on monthly basis in AprilUS April retail sales edge upUS factory output drops 0.4%US rate futures bet Fed will cut rates in SeptemberBy Tatiana Bautzer NEW YORK, May 15 (Reuters) - U.S. Treasury yields fell on Thursday after data showed some deceleration in the world'...Reuters
Thu, May 15
Other
US targets Iran-backed Hezbollah with new sanctions, Treasury Departments says
WASHINGTON, May 15 (Reuters) - The United States targeted two senior Hezbollah officials and two financial facilitators with new sanctions on Thursday for their role in coordinating financial transfers to the Iran-backed group, the Treasury Department said. The latest sanctions come as President ...Reuters
Thu, May 15
Other
REFILE-Stellantis chairman denies merger talks with Renault
ROME, May 15 (Reuters) - Stellantis STLAM.MI Chairman John Elkann on Thursday denied there was any truth to rumours that the company is in merger talks with fellow European automaker Renault RENA.PA."We are not discussing any merger," Elkann said at the FT Future of the Car Summit in London,...Reuters
Thu, May 15
Other
Erdogan tells Zelenskiy that Turkey to host him, Putin when they are ready
ANKARA, May 15 (Reuters) - President Tayyip Erdogan told Ukraine's Volodymyr Zelenskiy in Ankara on Thursday that Turkey was ready to host him and Russia's Vladimir Putin for peace talks "when they are ready", his office said. Erdogan met Zelenskiy in the Turkish capital after Putin ...Reuters
Thu, May 15
Other
Soccer-Start of FIFA Congress delayed as delegates wait for Infantino's arrival in Paraguay
By Javier LeiraASUNCION, May 15 (Reuters) - FIFA President Gianni Infantino's late arrival in Paraguay forced a two-hour delay to the start of the FIFA Congress on Thursday, sources told Reuters, following his Middle East trip accompanying Donald Trump on state visits. Media reports said Infanti...Reuters
Thu, May 15
Forex
FOREX-US dollar dips as retail sales growth slows in April
Retail sales growth slowsInitial jobless claims indicate stable labor marketPPI shows surprise dropBy Chuck Mikolajczak NEW YORK, May 15 (Reuters) - The U.S. dollar fell against the majority of its peers on Thursday after a flurry of economic data, including a gauge of consumer health that showed...Reuters
Thu, May 15
Economic Indicator
Alibaba misses revenue estimates as it fights for China e-commerce market dominance
Alibaba in battle with JD.com and Pinduoduo for market shareWill invest aggressively in instant commerce businessAlibaba's Cloud Intelligence Unit revenue up, driven by AI demand for AIBy Casey Hall and Deborah Mary Sophia May 15 (Reuters) - Alibaba 9988.HK posted quarterly revenue that misse...Reuters
Thu, May 15
Other
US and UAE have finalised technology framework agreement, source with knowledge says
DUBAI, May 15 (Reuters) - The United States and United Arab Emirates have finalised a technology framework agreement that is expected to be signed later on Thursday, a source with knowledge of the matter said.The agreement requires commitments on both sides to the security of technology, the source ...Reuters
Thu, May 15
Other
Wisconsin judge pleads not guilty to impeding immigrant's arrest
Judge Hannah Dugan pleads not guilty to obstruction, concealment chargesDugan seeking to have case dismissedTrump administration has vowed to investigate interference with immigration enforcementBy Andrew Goudsward MILWAUKEE, Wisconsin, May 15 (Reuters) - A Wisconsin judge pleaded not guilty on T...Reuters
Thu, May 15
Stocks
Walmart Inc reports results for the quarter ended April 30 - Earnings Summary
Walmart Inc WMT.N reported quarterly adjusted earnings of 61 cents per share for the quarter ended April 30, higher than the same quarter last year, when the company reported EPS of 60 cents. The mean expectation of thirty two analysts for the quarter was for earnings of 58 cents per share. Wall ...Reuters
Thu, May 15
Forex
USD/CAD edges up to near 1.4000 even as US Dollar underperforms
The USD/CAD pair ticks up to near the psychological level of 1.4000 during North American trading hours on Thursday. The Loonie pair trades higher despite the US Dollar (USD) trading lower following the release of the United States (US) Producer Price Index (PPI) data for April.
Fxstreet
Thu, May 15
Other
Phillips 66 trims portfolio with German and Austria retail sale amid Elliott pressure
May 15 (Reuters) - Phillips 66 PSX.N said on Thursday it will sell a 65% stake in its German and Austrian fuel retail business to a private equity-led consortium, valuing the unit at $2.8 billion, as the U.S. refiner moves to streamline its portfolio amid pressure from activist investor Elliott Inve...Reuters
Thu, May 15
Other
New England Indemnity Company startup gets A-minus PCA from AM Best
By David BullMay 15 - (The Insurer) - John Elias-led personal lines and small commercial insurance startup New England Indemnity Company (NEIC) has been assigned a preliminary credit assessment by AM Best, with a financial strength assessment of A-minus and a long-term issuer credit assessment of a-...Reuters
Thu, May 15
Stocks
Biohaven drops after FDA extends review period for genetic disease drug
** Shares of drugmaker Biohaven BHVN.N fall 15.3% to a near 2-year low of $16.58** Late on Wednesday, co said the US FDA extended the review period of the marketing application for its genetic disease drug, troriluzole, by three months** FDA's decision is now expected in fourth quarter of the ye...Reuters
Thu, May 15
Economic Indicator
US business inventories barely rise in March
WASHINGTON, May 15 (Reuters) - U.S. business inventories rose less than expected in March as robust sales growth at retailers depleted stocks there.Inventories gained 0.1% after rising 0.2% in February, the Commerce Department's Census Bureau said on Thursday. Economists polled by Reuters had fo...Reuters
Thu, May 15
