News
Important Only
Forex
RPT-BREAKINGVIEWS-Taiwan insurers get a stern currency warning
By Robyn Mak HONG KONG, May 12 (Reuters Breakingviews) - The Taiwanese currency’s recent stunning rally against the U.S. dollar has highlighted a big risk in an unlikely area: the island’s insurers. The large swing against the greenback, if sustained, will hit earnings at Cathay Life and its peer...Reuters
Mon, May 12
Technical Analysis
Mexican Peso weakens as US-China trade deal lifts US Dollar demand
The Mexican Peso (MXN) is trading lower against the US Dollar (USD) during Monday’s European session, weighed down by rising demand for the Greenback following a breakthrough in US–China trade talks and ongoing Banco de Mexico (Banxico) policy easing.
Fxstreet
Mon, May 12
Other
Stellantis eyes November for start of hybrid Fiat 500 production
ROME, May 12 (Reuters) - Automaker Stellantis STLAM.MI aims to start producing the hybrid version of its Fiat 500 city car in November, it said on Monday.The model, built at the historic Mirafiori plant in Turin, is meant to revitalise the Fiat brand in Europe as well as to boost flagging production...Reuters
Mon, May 12
Economic Indicator
China hosts Latin American, Caribbean nations amid US trade war talks
China-CELAC Forum challenges US dominance in Latin AmericaChina aims to strengthen trade ties with Brazil, Latin AmericaChina resumes Brazilian soybean imports, explores Chilean lithium investmentsBy Liz Lee and Laurie Chen BEIJING, May 12 (Reuters) - China will host a summit that includes its ke...Reuters
Mon, May 12
Other
TIMELINE-U.S. presidential visits to Saudi Arabia in good and bad times
By Abdelhamid Mekawy, Menna AlaaElDin and Ahmed Tolba DUBAI, May 12 (Reuters) - Donald Trump visits Saudi Arabia this week, 80 years after President Franklin D. Roosevelt laid the foundations of longstanding Saudi-U.S. relations based on an ironclad arrangement - the kingdom pumps oil, and the su...Reuters
Mon, May 12
Other
As Trump heads to the Gulf, Israel asks where it stands
Trump set to visit Saudi Arabia, Qatar and UAEHe will not visit Israel during the tripSome Israelis wonder about state of Israel-U.S. tiesBy James Mackenzie JERUSALEM, May 12 (Reuters) - Israeli officials have put a brave face on U.S. President Donald Trump bypassing them on a Middle East trip th...Reuters
Mon, May 12
Stocks
Cannabis firm Organigram rises on Q2 profit, revenue jump
** U.S.-listed shares of pot firm Organigram OGI.TO, OGI.N rise 10.2% to $1.3 premarket** Company posts Q2 profit and a jump in revenue on higher international sales and contributions from its Motif acquisition** Company posts Q2 net income of $42.5 million compared with a loss of $27.1 million a ye...Reuters
Mon, May 12
Other
Morning News Call - Canada, May 12
To access a PDF version of this newsletter, please click hereYou can read Morning News Call Canada via TOPNEWS Canada page.If you would like to receive this newsletter through your email, please register at:https://solutions.lseg.com/MorningNewsCallEN-subscription-pageCOMPANIES REPORTING RESULTSMay ...Reuters
Mon, May 12
Stocks
Why I Own Joby Aviation Stock
The future of urban air mobility isn't a winner-take-all proposition -- it's an emerging market with room for multiple innovators to succeed. While I've frequently discussed my bullish position on Archer Aviation (NYSE: ACHR) as a top small-cap growth opportunity, my portfolio's exposure to electric...The Motley Fool
Mon, May 12
Stocks
LIVE MARKETS-Dusting off Ukraine ceasefire baskets
STOXX 600 up 1%US-China reach deal to slash tariffsMiners, luxury lead gainersS&P futures surge 3%Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.comDUSTING OFF UKRAINE CEASEFIRE BAS...Reuters
Mon, May 12
Stocks
Vertical Aerospace plans long-range hybrid air-taxi variant to widen market reach
May 12 (Reuters) - Vertical Aerospace M000.F said on Monday it is developing a long-range hybrid-electric variant of its air-taxi VX4, aiming to expand into commercial markets including defense and logistics.U.S.-listed shares of the British electric aircraft firm rose more than 6% before the bell.V...Reuters
Mon, May 12
Stocks
These High-Growth Stocks Were Down Over 50% This Year. Is It Time to Buy Them?
For investors that still have many years before retirement, growth stocks are one of the most efficient ways to increase their net worth. But the recent market sell-off is a good reminder that even the most promising companies can see their share prices fall in any given year.But investors should ne...The Motley Fool
Mon, May 12
Other
ADVISORY-Dated alert on NovaGold, Paulson Advisers buying 50% stake in Donlin Gold withdrawn
An alert on NovaGold and Paulson Advisers announcing agreement to acquire 50% stake in Donlin Gold for $1 billion has been withdrawn as the news was dated. For the story on the acquisition from April 22, click nL4N3R00SSSTORY_NUMBER:nFWN3RK0Y4STORY_TIME:[10:03:11 GMT]Reuters
Mon, May 12
Stocks
Furniture retailers rise as US, China reach tariff deal
** Shares of U.S. furniture retailers with exposure to China rise premarket as both the countries agree to temporarily pause tariffs for 90-days** The world's two biggest economies said tariffs would drop sharply with U.S. to cut tariffs on China to 30% from previous 145% and Chinese duties to f...Reuters
Mon, May 12
Commodities
Iran is preparing for Russian President Vladimir Putin to visit, Tehran says
MOSCOW, May 12 (Reuters) - Iran is preparing for a visit by Russian President Vladimir Putin, Iran's government spokesperson Fatemeh Mohajerani was quoted by Russia's state RIA news agency as saying on Monday."Putin's trip to Tehran is currently being worked out, preparations are und...Reuters
Mon, May 12
Stocks
NRG Energy rises on $12 billion deal with LS Power
** Shares of U.S. utility NRG Energy NRG.N rise 6.4% to $126.99 premarket** Company says it will acquire natural gas generation facilities and a virtual power plant from LS Power in a cash-and-stock deal valued at $12 billion** The deal includes $6.4 bln in cash, $2.8 bln in stock to LS Power and $...Reuters
Mon, May 12
Stocks
Somnigroup launches secondary offering, shares rise
** Shares of bedding firm Somnigroup SGI.N up 2.6% at $62.05 premarket after secondary offering launched ** Lexington, Kentucky-based co says ~15.4 mln shares to be offloaded by subsidiary of IBEX Topco B.V., former majority shareholder of Mattress Firm ** Netherlands-based IBEX divesting...Reuters
Mon, May 12
Other
Seagate Announces $400.0 Million Senior Unsecured Notes Offering
May 12 (Reuters) - Seagate Technology Holdings PLC STX.O:SEAGATE ANNOUNCES $400.0 MILLION SENIOR UNSECURED NOTES OFFERINGSEAGATE TECHNOLOGY HOLDINGS PLC - SEAGATE HDD CAYMAN ISSUES NOTICE FOR REDEMPTION OF 2027 NOTESReuters
Mon, May 12
