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Commodities
US farmers say Brazil still has edge in China's soybean market despite trade truce
US and China slash tariffs in 90-day trade truceFarmers worry about Beijing's remaining duty on US soyUS farmers face competition for sales from BrazilBy Tom Polansek CHICAGO, May 13 (Reuters) - A surprising tariff pause between Beijing and Washington will not help U.S. farmers gain soy sales...Reuters
Tue, May 13
Other
As fire truck prices hit $2 million, US firefighters demand an antitrust probe
Prices have doubled in 10 years, union saysSome cities wait years for new trucksGroups also call for study of equipment, partsBy Jody GodoyMay 13 (Reuters) - The largest firefighters' labor union in the U.S. is demanding antitrust authorities investigate the companies that make fire trucks, sayi...Reuters
Tue, May 13
Stocks
DIARY-Federal Reserve Events
***Denotes a new entry. -------------------------------------------------------- Federal Open Market Committee (FOMC) MEETING DATES: 2025June 17-18 (second day: statement released 1400 EDT/1800 GMT; news conference expected 1430 EDT/1830 GMT)July 29-30 (second day: statement released 1400 EDT/18...Reuters
Tue, May 13
Other
ANALYSIS-Tesla's refresh to best-selling Model Y SUV starts on rocky road
Attractive financing deals soon after rollout show weak demand Short wait times for customers show demand less than supplyAnalysts blame rising competition, backlash against Musk's politics Slow kickoff piles pressure on Tesla to launch cheaper modelsBy Abhirup Roy SAN FRANCISCO, May 13 (Reut...Reuters
Tue, May 13
Other
ANALYSIS-United Airlines bears brunt of Newark airport chaos
United faces financial hit from Newark disruptions, CEO saysFAA proposes flight cuts at Newark to ease congestionUnited uses larger jets to offset reduced flight numbersFormer CEO Munoz calls United's exit from JFK a mistake By Rajesh Kumar Singh CHICAGO, May 13 (Reuters) - United Airlines UA...Reuters
Tue, May 13
Forex
RPT-COLUMN-'Tariff Laffer Curve' reins in trade agenda: Mike Dolan
By Mike Dolan LONDON, May 13 (Reuters) - An irony about the ludicrously steep import tariffs U.S. President Donald Trump imposed on China last month is that they made no sense as taxes - at least if you believe one of the canons of Republican tax policy.The rapid reduction of those bilateral impo...Reuters
Tue, May 13
Economic Indicator
US small business sentiment declines further in April
WASHINGTON, May 13 (Reuters) - U.S. small-business confidence fell for a fourth straight month in April, with the share of owners reporting job openings declining to the lowest level in more than four years, potentially hinting at a significant labor market slowdown.The National Federation of Indepe...Reuters
Tue, May 13
Commodities
Oil prices benefit from easing of trade conflict – Commerzbank
The surprising announcement of a significant reduction in reciprocal tariffs between the US and China led to a sharp rise in oil prices yesterday. Brent rose by up to 4% to more than $66 per barrel, WTI to $63.6 per barrel, Commerzbank's commodity analyst Carsten Fritsch notes.
Fxstreet
Tue, May 13
Other
German defence minister pushes for fresh Russia sanctions, aid for Kyiv
BERLIN, May 13 (Reuters) - The West must increase its sanctions on Russia as well as its military support to Ukraine after Russia did not agree to an immediate ceasefire on Monday, German Defence Minister Boris Pistorius said on Tuesday."There needs to be further steps as regards sanctions as we...Reuters
Tue, May 13
Other
Is Putin going to talks in Turkey? Kremlin declines comment
MOSCOW, May 13 (Reuters) - Russia will announce who is attending the proposed peace talks in Turkey when President Vladimir Putin sees fit to, the Kremlin said on Tuesday, and it declined to comment on questions about whether or not Putin would attend himself. Putin on Sunday proposed direct talks w...Reuters
Tue, May 13
Stocks
JD.Com down after first-quarter results
** U.S.-listed shares of Chinese online retailer JD.Com 9618.HK fall 1.53% to $35.50 in premarket trading, amid broader market weakness following a strong rally on Monday** Co posts Q1 revenue of 301.08 billion yuan ($41.81 billion) vs analysts' estimates of 289.22 billion yuan, according to dat...Reuters
Tue, May 13
Other
Russia rejects 'biased' UN ruling on downed Malaysian airliner
MOSCOW, May 13 (Reuters) - The Kremlin on Tuesday rejected as "biased" a ruling by the U.N. aviation council that Russia was responsible for the downing of a Malaysian airliner over Ukraine in 2017 that killed all 298 passengers and crew.Kremlin spokesman Dmitry Peskov said Russia was not pa...Reuters
Tue, May 13
Commodities
Idemitsu Cfo: U.s. Tariffs Are Expected To Reduce Our Profits By 40 Billion Yen In Fy2025/26
May 13 (Reuters) - Idemitsu Kosan Co Ltd 5019.T:IDEMITSU CFO: U.S. TARIFFS ARE EXPECTED TO REDUCE OUR PROFITS BY 40 BILLION YEN IN FY2025/26IDEMITSU PRESIDENT: WE ARE CONTINUING TALKS WITH OTHER SPONSORS AND VIETNAMESE GOVERNMENT TO REDUCE INTEREST BURDEN ON NGHI SON REFINERY PROJECT IN VIETNAMIDEMI...Reuters
Tue, May 13
Stocks
Roger Federer-backed On up after raising annual sales forecast
** Shares of Roger Federer-backed On Holding ONON.N up ~3% at $52.91 premarket** Co raises annual sales forecast as promotions and new launches drive demand** Expects fiscal 2025 net sales to grow at least 28% on a constant currency basis, compared with prior forecast of 27% rise** Co's first-qu...Reuters
Tue, May 13
Stocks
Tencent Music rises on upbeat quarterly revenue
** Tencent Music's U.S.-listed shares 1698.HK, TME.N rise about 1.8% to $14.60 in premarket trading** Company reports first quarter revenue increase of 8.7% to 7.36 billion yuan, beating analysts' estimates of 7.27 billion yuan, according to data compiled by LSEG** TME is benefiting from ris...Reuters
Tue, May 13
Economic Indicator
CNY: Still facing the threat of deflation – Commerzbank
The latest inflation figures were published in China over the weekend, reporting on price developments in April. Consumer prices rose by 0.1% month-on-month, but the annual price change remained negative for the third consecutive month at -0.1%.
Fxstreet
Tue, May 13
Other
WHO warns of permanent impact of hunger on a generation of Gazans
GENEVA, May 13 (Reuters) - Malnutrition rates are rising in Gaza and hunger could have lasting impacts on "an entire generation", the World Health Organisation's representative for the Occupied Palestinian Territory said on Tuesday.Rik Peeperkorn said he had seen children in clinics who ...Reuters
Tue, May 13
Stocks
3 Key Takeaways From Washington's Latest Cryptocurrency Hearing
There have been a lot of cryptocurrency hearings and events in Washington over the years. Particularly in recent months, as the administration works to make good on its ambitions to make the U.S. the crypto capital of the world. With bipartisan support for a clear crypto regulatory framework and key...The Motley Fool
Tue, May 13
