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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
Stocks
Australia's Optiscan Imaging gains on Mayo clinic collaboration progress
** Optiscan Imaging OIL.AX rises 6.82% to A$0.1175; marks biggest percentage gain since April 17** Imaging technologies maker and Mayo Clinic have come together to advance the development of a digital endomicroscopic imaging system for use in robotic surgery** Co says development plan on track and p...Reuters
Tue, May 13
Other
FBI ordered to prioritize immigration, as DOJ scales back white collar cases
Field offices tell FBI agents to scale up on immigration enforcement and deprioritize white collar casesCriminal Division issues new guidance to prosecutors that narrows the scope of white collar enforcement effortsProsecutors told to consider whether corporate misconduct warrants federal prosecutio...Reuters
Tue, May 13
Forex
Japan's finance minister wants to discuss forex with Bessent at G7
By Makiko Yamazaki TOKYO, May 13 (Reuters) - Japanese Finance Minister Katsunobu Kato said on Tuesday that he would seek to meet U.S. Treasury Secretary Scott Bessent on the sidelines of the G7 meetings in Canada next week to discuss foreign exchange."I'm making preparations to attend the...Reuters
Tue, May 13
Cryptocurrencies
Bitcoin Price Pulls Back to Support: Opportunity or Warning Sign?
Bitcoin price started a fresh surge above the $102,500 zone. BTC is now correcting gains and trading below the $103,500 resistance zone. Bitcoin started a strong increase above the $102,500 resistance zone. The price is trading below $104,000 and the 100 hourly Simple moving average. There was a bre...NewsBTC
Tue, May 13
Commodities
Hong Kong's CK Hutchison assures legal compliance in ports deal
May 12 (Reuters) - Hong Kong's CK Hutchison 0001.HK said late on Monday that its closely monitored ports deal would strictly adhere to all required compliance standards and would never be executed illegally."This transaction would never be carried out under any illegal or non-compliant circu...Reuters
Tue, May 13
Stocks
GLOBAL MARKETS-Asian markets cheer as pause in US-China trade war boosts risk appetite
US-China agreement to pause tariffs lifts risk sentimentSafe havens suffer as dollar surges Traders lower wagers on Fed rate cuts this yearBy Ankur Banerjee and Rocky Swift TOKYO, May 13 (Reuters) - Asian stocks joined the global rally and the U.S. dollar held on to most of its gains on Tuesday a...Reuters
Tue, May 13
Other
PRESS DIGEST- Financial Times - May 13
May 13 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.Headlines- Proxy adviser ISS backs Elliott in fight against Phillips 66- Perplexity nears second fundraising in six months at $14 billion valuatio...Reuters
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
