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US, China hail 'constructive' Geneva trade talks, details due Monday
GENEVA, May 11 (Reuters) - The U.S. and China ended high-stakes trade talks on a positive note on Sunday, with U.S. officials touting a "deal" to reduce the U.S. trade deficit, while Chinese officials said the sides had reached "important consensus" and agreed to launch another new economic dialogueReuters
Mon, May 12
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PRESS DIGEST- Financial Times - May 12
May 11 (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- Migrants will have to spend decade in UK before applying to stay- Donald Trump has shaken Europe out of 'lethargic' habits, say...Reuters
Mon, May 12
Stocks
Stocks, dollar gain on US-China trade talks, detail needed
SYDNEY, May 12 (Reuters) - Wall Street stock futures jumped and the dollar firmed against safe haven peers on Monday as signs of progress in U.S.-China trade talks boosted hopes a global recession might be avoided, though details of any deal were still to come.Reuters
Mon, May 12
Other
US' Bessent hails 'substantial progress' in trade talks with China
GENEVA, May 11 (Reuters) - U.S. Treasury Secretary Scott Bessent said on Sunday that there had been "substantial progress" in talks between his team and that of Chinese Vice Premier He Lifeng in Geneva on defusing a trade war between the world's two largest economies.Bessent said he woul...Reuters
Mon, May 12
Other
Trump to sign executive order to cut prices of medicine to match other countries
WASHINGTON, May 11 (Reuters) - U.S. President Donald Trump said on Sunday he would sign an executive order to cut prescription prices to the level paid by other high-income countries, an amount he put at 30% to 80% less.Reuters
Mon, May 12
Forex
FOREX-Dollar gains versus yen on US-China trade optimism; Kiwi climbs
By Rocky Swift TOKYO, May 12 (Reuters) - The dollar climbed in early Asian trade on Monday after weekend talks between the United States and China eased concerns of a trade war between the world's two biggest economies while global hot spots appeared to cool.The greenback, Treasuries and equi...Reuters
Mon, May 12
Other
China's CATL to raise at least $4 billion in Hong Kong listing
More than 20 cornerstone investors subscribed for $2.62 billion worth of sharesCATL's shares to start trading on Hong Kong Stock Exchange on May 20Maximum offer price of HK$263 per shareBy Scott Murdoch May 12 (Reuters) - Chinese battery manufacturer CATL 300750.SZ aims to raise at least HK$3...Reuters
Sun, May 11
Stocks
Citi, Morningstar hike PT on Australia's Macquarie post results
** Citi upgrades Macquarie Group MQG.AX to "neutral" from "sell"; hikes PT to A$200 from A$177** MQG's 5.5% jump in FY profit in line with Citi estimate** Brokerage sees co benefitting from its balanced assets portfolio allocation, potential to improve its Return on Equity from r...Reuters
Sun, May 11
Other
OpenAI negotiates with Microsoft for new funding and future IPO, FT reports
May 11 (Reuters) - OpenAI and Microsoft MSFT.O are rewriting terms of their multibillion-dollar partnership in a negotiation designed to allow the ChatGPT maker to launch a future IPO, while protecting the software giant's access to cutting-edge AI models, the Financial Times reported on Sunday....Reuters
Sun, May 11
Forex
AUD/USD gathers strength above 0.6400 amid optimism in US-China trade talks
The AUD/USD pair edges higher to around 0.6420 during the early Asian session on Monday. Optimism in US-China trade negotiations in Geneva, Switzerland, boosts the Australian Dollar (USD) against the Greenback.
Fxstreet
Sun, May 11
Other
Hamas says it will release Israeli-American hostage Edan Alexander
Hamas seeks ceasefire, humanitarian aid with Alexander's releaseQatar and Egypt see release as step towards ceasefire talksTrump's envoy calls release a positive step forwardBy Samia Nakhoul and Nidal al-Mughrabi CAIRO, May 11 (Reuters) - Israeli-American hostage Edan Alexander will soon ...Reuters
Sun, May 11
Commodities
CORRECTED-Trump 'starting to doubt' that Ukraine will reach deal with Russia
May 11 (Reuters) - U.S. President Donald Trump said on Sunday that he was "starting to doubt" that Ukraine will reach a ceasefire deal with Russia, and he urged Ukraine to meet with Russian officials in Turkey on Thursday to negotiate."I'm starting to doubt that Ukraine will make a d...Reuters
Sun, May 11
