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Hong Kong's freight forwarding industry hit by trade war, SCMP reports
HONG KONG, May 6 (Reuters) - Hong Kong's freight forwarding industry is reeling from the U.S.-China trade war with 41% of container capacity from the city to North America's west coast cancelled for the week starting May 12, the South China Morning Post reported. Hong Kong, a global shipping...Reuters
Tue, May 6
Other
Stars shine in tailored looks at Met Ball celebration of Black style
Black-and-white looks dominate the carpet Met Gala raises funds for NY art museum Diana Ross, Pharrell Williams, Zendaya among attendees By Ben Kellerman NEW YORK, May 5 (Reuters) - Singer Rihanna revealed her third pregnancy, Pharrell Williams sported a jacket with 15,000 pearls and musician...Reuters
Tue, May 6
Commodities
GRAINS-Chicago soybeans dip as traders track Sino-US trade talks
BEIJING, May 6 (Reuters) - Chicago soybean futures fell on Tuesday as traders weighed U.S.-China trade developments, and concerns that President Donald Trump's proposed EPA funding cuts could reduce biofuel demand. The most-active soybean contract on the Chicago Board of Trade (CBOT) Sv1 slipped...Reuters
Tue, May 6
Forex
Australia, New Zealand currencies slip from recent highs as Taiwan dollar steadies
SYDNEY, May 6 (Reuters) - The Australian and New Zealand currencies slipped from their recent highs on Tuesday as a relentless rise in the Taiwanese dollar took a breather, with traders shifting their focus to the U.S. monetary policy meeting a day later. The Aussie AUD=D3 eased 0.3% to $0.6448, hav...Reuters
Tue, May 6
Commodities
Woodside targets another 20%-30% selldown of $17.5 billion Louisiana LNG project
By Christine Chen SYDNEY, May 6 (Reuters) - Woodside Energy WDS.AX, Australia's top natural gas producer, said on Tuesday it would seek to sell a further 20%-30% stake in Louisiana LNG, with interest growing in the $17.5 billion project since its final approval last week.Liz Westcott, chief o...Reuters
Tue, May 6
Stocks
GLOBAL MARKETS-Stocks drift, dollar steadies as focus shifts to Asian currencies
Stocks meander ahead of Fed policy decision Investor await trade deals between US and partnersAsian FX in the spotlight after Taiwan dollar's surge By Ankur Banerjee SINGAPORE, May 6 (Reuters) - Global stocks held tight ranges on Tuesday and the dollar clawed back some of its recent losses ag...Reuters
Tue, May 6
Other
CORRECTED-EXCLUSIVE-US lawmaker targets Nvidia chip smuggling to China with new bill
Legislation to track AI chips post-sale amid smuggling concernsBipartisan support for chip location verification technologyExperts say tech for location verification already exists in Nvidia chipsBy Stephen Nellis and Max A. Cherney SAN FRANCISCO, May 5 (Reuters) - A U.S. lawmaker plans to introd...Reuters
Tue, May 6
Forex
China's yuan jumps to 1-1/2 month high on hopes of thaw in Sino-US trade war
SHANGHAI, May 6 (Reuters) - China's yuan leapt to a 1-1/2-month high against the dollar on Tuesday, the first trading session after the holiday, underpinned by investor hopes of a trade deal between the world's two largest economies. The offshore counterpart, which remained open during the l...Reuters
Tue, May 6
Economic Indicator
Gold price jumps to two-week top as geopolitical risks underpin safe-haven assets
Gold price (XAU/USD) attracts some follow-through buyers for the second straight day and jumps to a nearly two-week high, around the $3,381-3,382 area during the Asian session on Tuesday.
Fxstreet
Tue, May 6
Cryptocurrencies
Bitcoin Price Faces Stiff Resistance: Is Another Drop on the Horizon?
Bitcoin price started a downside correction below the $96,500 zone. BTC is now trading below $95,000 and struggling to start a fresh increase. Bitcoin started a fresh decline below the $95,500 zone. The price is trading below $95,500 and the 100 hourly Simple moving average. There is a connecting be...NewsBTC
Tue, May 6
Stocks
Palantir Investors Just Got Spectacular News From CEO Alex Karp
After an unrelenting run that spanned more than two years and resulted in stock price gains of more than 1,000%, Palantir Technologies (NASDAQ: PLTR) is taking a well-deserved breather. The company got its start designing artificial intelligence (AI) solutions for the U.S. defense and intelligence i...The Motley Fool
Tue, May 6
Economic Indicator
Chinese travellers spend 8% more over May Day holiday than a year ago
BEIJING, May 6 (Reuters) - Chinese travellers spent 180.27 billion yuan ($24.92 billion) during the May Day holiday, one of China's longest breaks, a rise of 8% from last year, government data showed on Tuesday.Spending over the five-day holiday, which ended on Monday, is an important marker of ...Reuters
Tue, May 6
Other
US appeals court rejects Trump bid to revoke thousands of migrants' status
1st Circuit rejects Trump administration request for stayLower-court judge halted decision to cut short parole for thousands of migrantsMigrants hailed from Cuba, Haiti, Nicaragua and VenezuelaBy Nate Raymond BOSTON, May 5 (Reuters) - A federal appeals court rejected on Monday a request by U.S. P...Reuters
Tue, May 6
Stocks
BREAKINGVIEWS-China’s economy sails into dense trade war fog
By Hudson Lockett HONG KONG, May 6 (Reuters Breakingviews) - Donald Trump is not alone in his capacity to ignore reality: last week, Zhao Chenxin, vice chair of the National Development and Reform Commission, said Beijing was “fully confident” in hitting its yearly growth target of about 5%. That...Reuters
Tue, May 6
Other
Explosions heard in Sudanese city of Port Sudan, Reuters witness reports
May 6 (Reuters) - Explosions were heard in the Sudanese city of Port Sudan early on Tuesday, a Reuters witness reported, adding that the reason and the exact place of the explosions were unclear.During the ongoing civil war in Sudan, Port Sudan has become home to the country's primary airport, a...Reuters
Tue, May 6
Other
US judge orders North Carolina to certify Democrat winner of court election
Federal judge orders results certified in North Carolina Supreme Court raceDemocrats accused Republican candidate of seeking to overturn electionBy Nate Raymond May 5 (Reuters) - A federal judge ordered North Carolina's election board on Monday to not throw out any ballots cast by voters in N...Reuters
Tue, May 6
Stocks
Warren Buffett Announces Resignation as CEO! Berkshire Stock Plummets Over 5%, Sparking Market Concerns!
Warren Buffett's resignation as CEO of Berkshire Hathaway has led to a sharp drop in the company's stock price, falling over 5%, causing concerns in the market over the company’s future and outlook.TradingKey
Tue, May 6
Cryptocurrencies
Ethereum Holders Stay Committed Despite Unrealized Losses – Signs Of An Incoming Rally?
According to a recent CryptoQuant Quicktake post, Ethereum (ETH) accumulation addresses are continuing to stack ETH despite mounting unrealized losses. In the analysis, CryptoQuant contributor Carmelo Aleman noted that these addresses have increased their exposure to ETH, even as the asset trades we...NewsBTC
Tue, May 6
