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Three fighter jets crashed in India's Jammu and Kashmir, local govt sources say
SRINAGAR, May 7 (Reuters) - Three fighter jets crashed in India's Jammu and Kashmir territory on Wednesday, four local government sources told Reuters, hours after India said it struck nine Pakistani "terrorist infrastructure" sites across the border.A Pakistani military spokesperson tol...Reuters
Wed, May 7
Stocks
GLOBAL MARKETS-Stocks rally on US-China talks, China rate cut
U.S.-China to discuss trade in SwitzerlandChina cuts interest rates, reserve requirementsHang Seng and U.S. futures jump; yuan slipsBy Tom Westbrook SINGAPORE, May 7 (Reuters) - U.S. stock futures and Chinese markets rose on Wednesday, as investors cheered news of a meeting between top U.S. and C...Reuters
Wed, May 7
Commodities
GRAINS-Chicago soy, corn and wheat futures gain on China-US trade optimism
By Ella Cao and Lewis Jackson BEIJING, May 7 (Reuters) - Chicago soybean and grain futures climbed on Wednesday, lifted by news of an upcoming meeting between the U.S. and Chinese officials in Switzerland that boosted hopes for easing trade tensions.U.S. Treasury Secretary Scott Bessent and chief...Reuters
Wed, May 7
Forex
RPT-COLUMN-Asia FX surge raises doubts about region's trade war arsenal: McGeever
By Jamie McGeeverORLANDO, Florida, May 6 (Reuters) - The Taiwan dollar's record rise in recent days has brought a regional conundrum into sharp focus: how much appreciation can Asian currencies countenance in the face of U.S. President Donald Trump's global trade war?Currency depreciation wo...Reuters
Wed, May 7
Other
UN chief concerned about Indian military actions in Pakistan, urges restraint
By David Brunnstrom and Kanishka Singh May 6 (Reuters) - United Nations Secretary-General Antonio Guterres was very concerned about Indian attacks in Pakistan and Pakistan-administered Kashmir, his spokesperson said on Tuesday while calling for maximum military restraint from both nuclear-armed A...Reuters
Wed, May 7
Commodities
China to impose anti-dumping measures on cypermethrin from India
BEIJING, May 7 (Reuters) - China's commerce ministry on Wednesday said it would impose anti-dumping duties ranging from 48.4% to 166.2% on cypermethrin originating from India for a period of five years effective immediately.The move follows an investigation that found the domestic industry had s...Reuters
Wed, May 7
Other
Tesla launches cheaper Model Y vehicle in the US
May 6 (Reuters) - Tesla TSLA.O launched a cheaper version of its Model Y vehicle in the United States on Tuesday.The new long range rear-wheel drive version costs about $44,990, before a $7,500 federal tax credit, the electric vehicle maker's website showed. Including the tax credit, the new veh...Reuters
Wed, May 7
Other
QUOTES-Trump, others react to Indian strikes in Pakistan after Kashmir attack
NEW DELHI, May 7 (Reuters) - India said it attacked Pakistan early on Wednesday following a deadly attack on tourists in Kashmir last month. Pakistan reported eight deaths and said it was responding to the Indian strikes.This is what global leaders have said about the latest hostilities between the ...Reuters
Wed, May 7
Commodities
Four people injured in fire at coal processing plant in Russia's Far East, officials say
May 7 (Reuters) - Four people were injured in a fire at a coal processing plant in far northeastern Russia, Russian officials and the Mechel mining company said early on Wednesday. Mechel MTLR.MM said in a statement that personnel were evacuated from the coal processing plant located in Neryungri in...Reuters
Wed, May 7
Commodities
PRESS DIGEST- Financial Times - May 7
May 7 (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- UK and India strike trade deal after three years of talks- UK closes in on US trade pact with lower tariff quotas for cars and steel- Cz...Reuters
Wed, May 7
Stocks
Ovintiv Inc reports results for the quarter ended March 31 - Earnings Summary
Ovintiv Inc OVV.N reported quarterly adjusted earnings of $1.42 per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of $1.43. The mean expectation of nineteen analysts for the quarter was for earnings of $1.05 per share. Wall Street expec...Reuters
Wed, May 7
Other
Motor racing-Piastri expresses sympathy for under-fire compatriot Doohan
SYDNEY, May 7 (Reuters) - Formula One championship leader Oscar Piastri has expressed his sympathy for fellow Australian Jack Doohan, the rookie driver who looks set to be dropped by the Alpine team before next week's Emilia Romagna Grand Prix.The resignation of Oliver Oakes and his replacement ...Reuters
Wed, May 7
Commodities
China to impose anti-dumping measures on cypermethrin from India
BEIJING, May 7 (Reuters) - China's commerce ministry on Wednesday said it will impose anti-dumping measures on cypermethrin originating from India for a period of five years effective immediately.The measures follow an investigation that found the domestic industry had suffered substantial damag...Reuters
Wed, May 7
Forex
FOREX-Dollar languishes ahead of Fed meeting, Asian currencies calmer
By Rocky Swift TOKYO, May 7 (Reuters) - The dollar steadied on Wednesday before a Federal Reserve meeting to determine policy for an uncertain economy and as major investors in Asia continued cashing out of U.S. assets.News that the United States and China are due to talk on Saturday eased conce...Reuters
Wed, May 7
Stocks
American Financial Group Inc reports results for the quarter ended March 31 - Earnings Summary
American Financial Group Inc AFG.N reported quarterly adjusted earnings of $1.81 per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of $2.76. The mean expectation of seven analysts for the quarter was for earnings of $2.03 per share. Wal...Reuters
Wed, May 7
Cryptocurrencies
Bitcoin Price Forecast: Key Scenarios For Tomorrow’s FOMC Decision
With the Federal Open Market Committee set to announce its May 7 policy decision, Bitcoin traders face a macro‑driven inflection point that could define price action into the summer. The Federal Reserve, under Chair Jerome Powell, is all but certain to keep the fed‑funds corridor at 4.25 to 4.50 per...NewsBTC
Wed, May 7
Cryptocurrencies
Bitcoin Price Bounces Back After Dip—Traders Eye Next Resistance Zone
Bitcoin price started a downside correction and tested the $94,000 zone. BTC is again rising and might aim for a move toward the $98,000 resistance. Bitcoin started a decent increase above the $95,500 resistance zone. The price is trading above $95,500 and the 100 hourly Simple moving average. There...NewsBTC
Wed, May 7
