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PRESS DIGEST- New York Times business news - May 12
May 12 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.- U.S. President Donald Trump will sign an executive order on Monday aimed at lowering some drug prices in the United States by alig...Reuters
Mon, May 12
Forex
FOREX-Dollar gains versus yen, franc on Sino-US trade optimism; yuan firms
Dollar rises after U.S.-China trade talks ease tensionsU.S. inflation and retail sales data may impact Fed expectationsIndia-Pakistan ceasefire, looming Ukraine-Russia talks calm tensionsBy Rocky Swift TOKYO, May 12 (Reuters) - The dollar climbed against its safe-haven counterparts on Monday afte...Reuters
Mon, May 12
Stocks
MORNING BID EUROPE-The devil's in the lack of detail
A look at the day ahead in European and global markets from Wayne Cole.Take your pick from "substantial progress", "constructive", "an important first step", "reached important consensus", "good news for the world", and easily the best: "As we say back in ...Reuters
Mon, May 12
Stocks
Indian pharma index bucks broader market gains on US tariff fears
** India's pharma stocks .NIPHARM down ~2%, only laggard among 13 major sub-indexes; market .NSEI, .BSESN up 2.4%** U.S. President Donald Trump says will sign executive order to cut prescription prices to the level paid by other high-income countries, an amount he put at 30% to 80% less** Vishal...Reuters
Mon, May 12
Other
HEDGE FLOW-Hedge funds re-enter Chinese equities on trade talk optimism, Morgan Stanley says
By Summer Zhen HONG KONG, May 12 (Reuters) - Hedge funds, especially U.S.-based ones, added bullish bets on Chinese stocks last week on hopes of progress in U.S.-China trade talks, according to Morgan Stanley. MSCI China Index .dMICN00000PUS and China's blue-chip CSI 300 .CSI300 rose 2.4% and...Reuters
Mon, May 12
Technical Analysis
Ripple Price Forecast: XRP turns green amid waning exchange inflows
Ripple (XRP) price continues its upward trajectory, trading at $2.40 on Monday, fuelled by a widespread bullish surge spearheaded by Bitcoin (BTC) breaking past the $100,000 mark last week. Multiple buy signals suggest that XRP can potentially extend the rally, targeting $3.00 in the coming days.
Fxstreet
Mon, May 12
Technical Analysis
US Dollar Index Price Forecast: Trades near 100.50, remains below channel’s upper boundary
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against a basket of six major currencies, is losing ground for the second successive session, trading near 100.60 during the Asian hours on Monday.Fxstreet
Mon, May 12
Cryptocurrencies
XRP Price Eyes Breakout: Can It Shatter Resistance and Reignite the Rally?
XRP price found support at $2.20 and started a fresh increase. The price is now gaining pace and might clear the $2.40 resistance zone. XRP price started a fresh increase above the $2.250 zone. The price is now trading above $2.30 and the 100-hourly Simple Moving Average. There is a short-term risin...NewsBTC
Mon, May 12
Other
Israel not committed to ceasefire with Hamas, only to safe corridor for release of Edan Alexander, Netanyahu says
May 12 (Reuters) - Prime Minister Benjamin Netanyahu said Israel did not commit to any ceasefire or prisoners' release with Hamas, but only to a safe corridor that would allow Israeli-American hostage Edan Alexander's release, a statement from Netanyahu's office said early on Monday.Alex...Reuters
Mon, May 12
Commodities
Traders rebrand Venezuelan oil for China as Brazilian, sources and tanker trackers say
China registered some 67,000 bpd of mixed bitumen imports from Brazil since July worth $1.2 blnShippers tamper with the tankers' signal to make them look like departing from BrazilApart from shortening voyages, the practice helps secure bank financing By Chen Aizhu SINGAPORE, May 12 (Reuters)...Reuters
Mon, May 12
Stocks
Indian pharma stocks drop as Trump to sign executive order to cut prices of medicines
May 12 (Reuters) - Indian pharmaceutical stocks .NIPHARM shed 1.3% on Monday, even as the broader markets rose, after U.S. President Donald Trump said 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.Eig...Reuters
Mon, May 12
Other
INSIGHT-This US-owned factory in China made toys bound for Walmart. Tariffs put it on life support
Chinese factories face steep tariffs for goods destined for the USFor a US-owned toy factory in China, tariffs are an existential threatCEO could be forced to lay off employees in the US and ChinaBy Nicholas P. Brown May 11 (Reuters) - The emails started pouring in on April 9, the day President D...Reuters
Mon, May 12
Other
Military officials of India, Pakistan to discuss next steps, India says, as ceasefire holds
By Aftab Ahmed and Shivam Patel JAMMU, India, May 12 (Reuters) - The military operations chiefs of India and Pakistan will discuss on Monday the next steps for the nuclear-armed neighbours after a ceasefire returns calm to the border, following their fiercest fighting in nearly three decades.Ther...Reuters
Mon, May 12
Economic Indicator
QUOTES-Stocks, dollar up as investors wait for details on Sino-US trade talks
SINGAPORE, May 12 (Reuters) - The United States 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." Wall Street stock futu...Reuters
Mon, May 12
Stocks
ARK ART: Exclusive Live Coverage of Art Basel Hong Kong by Noah N+ ----A Cloud-Based Art Extravaganza
XIAMEN, China, May 12, 2025 /PRNewswire/ -- Noah Holdings (HKEX: 6686, NYSE: NOAH) is set to launch a special live broadcast program for Art Basel Hong Kong through its ARK ART platform. The professional team from Noah N+ Art Center will guide viewers through the art scene, offering an immersive exp...PR Newswire
Mon, May 12
Technical Analysis
