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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
Stocks
Australia's Grand Gulf Energy rises on Sage Potash collaboration for US project
** Shares of Grand Gulf Energy GGE.AX rise 33.3% to A$0.004** Stock hit its highest level since October 24, 2024** The oil and gas explorer signs a memorandum of understanding with potash developer Sage Potash SAGE.V to collaborate on exploration activities within an area of mutual interest at Red H...Reuters
Tue, May 13
Forex
Australia, New Zealand dollars gain on crosses as US, China reach tariff truce
SYDNEY, May 13 (Reuters) - The Australian and New Zealand dollars dipped on Tuesday as their U.S. counterpart benefited from a truce in the trade war between Washington and Beijing, yet they fared much better on safe havens as risk sentiment improved. Local surveys showed Australian business ...Reuters
Tue, May 13
Other
US convenes Newark airport task force, fast-tracks telecom fix
FAA convening emergency task force on Newark telecom outagesTrump administration blames Biden for not doing more to address telecom issuesTransportation Department says more airports could suffer issues like NewarkBy David Shepardson WASHINGTON, May 12 (Reuters) - The Trump administration said on...Reuters
Tue, May 13
Forex
USD/JPY falls to near 148.00 despite persistent uncertainty over BoJ’s policy outlook
USD/JPY pulls back after registering more than 2% gains in the previous session, trading around 147.90 during the Asian hours on Tuesday. The pair depreciates as the Japanese Yen (JPY) gains ground despite a persistent uncertainty over the Bank of Japan’s (BoJ) interest rate outlook.
Fxstreet
Tue, May 13
Other
Denka Co Ltd - Announcement Concerning Recording Of Extraordinary Losses Of A U.S. Subsidiary And Of Suspension Of Chloroprene Rubber Production
May 13 (Reuters) - Denka Co Ltd 4061.T:DENKA CO LTD - ANNOUNCEMENT CONCERNING RECORDING OF EXTRAORDINARY LOSSES OF A U.S. SUBSIDIARY AND OF SUSPENSION OF CHLOROPRENE RUBBER PRODUCTIONDENKA CO LTD - WILL RECORD AN EXTRAORDINARY LOSS OF APPROXIMATELY 16.1 BILLION YEN, AS AN IMPAIRMENT LOSS ON NONCURRE...Reuters
Tue, May 13
Forex
BOJ expects wages, prices to keep rising, deputy governor Uchida says
TOKYO, May 13 (Reuters) - Bank of Japan Deputy Governor Shinichi Uchida said on Tuesday companies are likely to keep raising wages and prices even as uncertainty over U.S. tariff policy weighs on the economy."Japan's underlying inflation, and medium- to long-term inflation expectations, are ...Reuters
Tue, May 13
Cryptocurrencies
Dogecoin Price Could Reach $1.05 As Early As June – Analyst
After several weeks of consolidation, Dogecoin has again started to climb, with its price almost doubling in a 30-day timeframe. This sudden rally comes behind a wider inflow into the crypto market, with many bullish indicators now surfacing on Dogecoin’s price chart. For a coin that has mostl...Bitcoinist
Tue, May 13
Other
Soccer-River Plate ease into Argentine quarters after 3-0 win over Barracas
May 12 (Reuters) - River Plate secured their place in the quarter-finals of the Argentine Apertura tournament on Monday with a 3-0 home win over Barracas Central at the Mas Monumental stadium.Paulo Diaz gave River an early advantage when he fired home from close range in the 12th minute and they do...Reuters
Tue, May 13
Cryptocurrencies
Bitcoin’s $104,000 Peak Sparks High-Stakes Short Positions – Details
Bitcoin continued its climb past $104,000 on Monday, and that rally has tempted some big traders to bet against it. A few high-stakes short positions now sit on the brink of collapse. These trades carry skinny margins for error and show just how risky huge margin bets can be when price momentum stay...NewsBTC
Tue, May 13
