News
Important Only
Other
Trump starts Gulf visit seeking big economic deals
Trump arrives in Riyadh on Tuesday morningFour day swing to Saudi Arabia, Qatar, UAE focused on dealmakingTrump says he might go to Turkey for possible Putin-Zelenskiy meeting, no decision madeBy Gram Slattery and Pesha Magid RIYADH, May 13 - U.S. President Donald Trump will arrive in Saudi Arabi...Reuters
Tue, May 13
Cryptocurrencies
Cardano Price Forecast: ADA bulls show signs of exhaustion as holders take profits
Cardano (ADA) price appears to be losing bullish momentum after a strong rally last week. At the time of writing on Tuesday, it is slipping 3.59%, trading at around $0.78. The decline suggests holders may be locking in profits following ADA’s 19% surge.
Fxstreet
Tue, May 13
Other
Mexico's Pemex says it responded to Norway wealth fund, but divestment recommendation upheld
MEXICO CITY, May 12 (Reuters) - Mexican state oil company Pemex said on Monday that it responded in a timely manner to requests for information from Norway’s wealth fund, but the fund's ethics watchdog maintained its recommendation to withdraw investments.Norway's wealth fund, the world'...Reuters
Tue, May 13
Forex
EUR/USD maintains position above 1.1100 ahead of US inflation data
EUR/USD opened with a bullish gap on Tuesday during the Asian session, trading near the 1.1110 level after suffering losses of over 2.5% in the previous session. The pair faced challenges as the US Dollar (USD) strengthened on the back of progress in the United States (US)-China trade negotiations.
Fxstreet
Tue, May 13
Commodities
Norway oil workers reach wage deal
OSLO, May 13 (Reuters) - Wage talks between Norwegian oil firms and two labour unions resulted in a deal on Tuesday, industry and union officials said.The Lederne union and Styrke both came to an agreement with companies, industry group Offshore Norway said, while a third union, Safe, will be encomp...Reuters
Tue, May 13
Commodities
India proposes counter duties against US, notice to WTO shows
NEW DELHI, May 13 (Reuters) - India has told the World Trade Organisation (WTO) that it proposes to levy duties on some products made in the U.S. and shipped to India, to counter Washington's tariffs on steel and aluminium products produced in Asia's No.3 economy.Reuters
Tue, May 13
Cryptocurrencies
Ethereum Gains Momentum Amid Flat Funding Rates – Is This A Healthy Uptrend?
Ethereum (ETH) has surged over 40% in the past two weeks, trading in the mid-$2,000 range at the time of writing. Notably, several key indicators suggest that the ongoing ETH rally is being driven more by spot market demand than leveraged trading – an encouraging sign of a potentially sustaina...NewsBTC
Tue, May 13
Cryptocurrencies
Bitcoin Dominates $882M Weekly Crypto Inflows While Sui Quietly Overtakes Solana
Crypto investment products continued to attract capital for the fourth consecutive week, according to the latest weekly report from CoinShares, a European-based asset manager focused on digital assets. The data revealed that inflows totaled $882 million globally last week, bringing year-to-date figu...Bitcoinist
Tue, May 13
Commodities
PRESS DIGEST - Wall Street Journal - May 13
May 13 (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.- Amazon AMZN.O has partnered with FedEx FDX.N to deliver large packages, expanding its third-party delivery network, following UPS's deci...Reuters
Tue, May 13
Cryptocurrencies
Ethereum Price Dips: Healthy Cooldown or Warning Sign of Bigger Trouble?
Ethereum price extended its increase above the $2,500 zone. ETH is now correcting gains and might revisit the $2,350 support zone. Ethereum started a downside correction from the $2,600 resistance. The price is trading above $2,400 and the 100-hourly Simple Moving Average. There was a break below a ...NewsBTC
Tue, May 13
Commodities
GRAINS-Soybean futures stabilise on US-China trade war truce; wheat dips on USDA report
By Ella Cao and Lewis Jackson BEIJING, May 13 (Reuters) - Chicago soybean futures eased on Tuesday, after hitting a three-month high in the previous session following a temporary truce in the U.S.-China trade war and a bullish U.S. Department of Agriculture report.The most-active CBOT soybean con...Reuters
Tue, May 13
Economic Indicator
China’s Presi. Xi: Tariff and trade wars produce no winners
Speaking at the opening ceremony of the fourth ministerial meeting of the China-CELAC (Community of Latin American and Caribbean States) Forum in Beijing on Tuesday, Chinese President Xi Jinping said that “tariff and trade wars produce no winners.”
Fxstreet
Tue, May 13
Other
US Proxy Advisory Firm Glass Lewis Recommended Opposing The Proposal For Merger With Welcia Holdings Through A Share Exchange At Tsuruha Holdings' Annual General Meeting On May 26, Nikkei Says
May 13 (Reuters) - Welcia Holdings Co Ltd 3141.T:US PROXY ADVISORY FIRM GLASS LEWIS RECOMMENDED OPPOSING THE PROPOSAL FOR MERGER WITH WELCIA HOLDINGS THROUGH A SHARE EXCHANGE AT TSURUHA HOLDINGS' ANNUAL GENERAL MEETING ON MAY 26, NIKKEI SAYSSource text: [ID:]Reuters
Tue, May 13
Commodities
WTI moves below $61.50, downside seems limited due to easing of US-China trade tensions
West Texas Intermediate (WTI) Oil price paused its three-day winning streak, trading around $61.40 per barrel during Asian hours on Tuesday. Despite this pullback, Oil prices remain underpinned by optimism following progress in the United States (US)-China trade negotiations.
Fxstreet
Tue, May 13
Other
INSIGHT-China's AI-powered humanoid robots aim to transform manufacturing
China's humanoid robots aim to boost economic growth, manufacturing edgeAdvances in AI help to make humanoid robots economically valuableGovernment subsidies, funds support humanoid robot developmentRobots' rise spurs talk of AI unemployment insuranceBy Brenda Goh, Eduardo Baptista, Qiaoyi L...Reuters
Tue, May 13
Other
China, Latin America trade exceeded $500 billion in 2024
BEIJING, May 13 (Reuters) - Trade between China and Latin America exceeded $500 billion for the first time last year, China's President Xi Jinping said on Tuesday.Xi told Latin American and Caribbean officials it was a great pleasure to have "old and new" friends gather, in his speech de...Reuters
Tue, May 13
