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Stellantis suspends full-year forecasts due to U.S. tariff uncertainties
MILAN, April 30 (Reuters) - Stellantis STLAM.MI said on Wednesday it was suspending its guidance for a moderate recovery this year, after a profit drop in 2024, due to the uncertain impact of evolving U.S. tariff policies.In the first quarter, net revenues fell 14% year-on-year to 35.8 billion euros...Reuters
Wed, Apr 30
Economic Indicator
US GDP set to slow sharply in Q1 as focus turns to impact of Trump trade policies
The United States (US) Bureau of Economic Analysis (BEA) is set to publish its preliminary estimate of first-quarter Gross Domestic Product (GDP) on Wednesday, with analysts expecting the data to show annualized growth of just 0.4%, a sharp slowdown from the 2.4% pace recorded in the final quarter oFxstreet
Wed, Apr 30
Other
ANALYSIS-Troubled by Trump's tariffs, Volvo Cars' new CEO turns to Chinese owner Geely
Geely is 'a unique opportunity,' says new CEOAnalysts says collaboration on costs essentialCost-cutting plan and restructuring sent share price lower on TuesdayDismissed CEO showed reluctance to work with GeelyBy Marie Mannes, Nick Carey and Alessandro Parodi STOCKHOLM, April 30 (Reuters)...Reuters
Wed, Apr 30
Commodities
COLUMN-Don’t blame renewables for Spain’s power outage: Bousso
Spain and Portugal power outage raises challenges of new power systemBlackout linked to sharp and rapid drop in power, possibly from solar generationGovernments should invest in new storage and grid technologiesBy Ron Bousso LONDON, April 30 (Reuters) - While it may be tempting to blame the unpre...Reuters
Wed, Apr 30
Commodities
Gold investment hits three-year high in first quarter on trade turmoil, WGC says
WGC estimates demand from central banks down 21% y/y in Q1Total investment demand up 170% y/y, to highest since Q1, 2022Gold jewellery demand fell to lowest since the 2020 pandemicBy Polina Devitt LONDON, April 30 (Reuters) - Global gold demand including over-the-counter (OTC) trading rose by 1% ...Reuters
Wed, Apr 30
Commodities
Cheap fuel, strong revenues: Air France-KLM dodges Q1 tariff uncertainty
By Joanna PlucinskaLONDON, April 30 (Reuters) - Franco-Dutch airline group Air France-KLM AIRF.PA on Wednesday reported better than expected results as it saw strong revenues and a drop in jet fuel costs, despite worries about the knock-on impact from U.S. President Donald Trump's tariff threats...Reuters
Wed, Apr 30
Technical Analysis
Uniswap sell-off looms as whales move 19M UNI to Coinbase Prime
Uniswap (UNI) price extends gains by more than 1% to $5.35 at the time of writing on Wednesday. The uptick in UNI’s price comes amid heightened whale activity, with previously dormant addresses linked to the project making significant transfers to Coinbase Prime.
Fxstreet
Wed, Apr 30
Stocks
LIVE MARKETS-Data deluge rounds off turbulent April
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.com DATA DELUGE ROUNDS OFF TURBULENT APRIL There will be a raft of data for investors to pore over on Wednesday as they wind down a ro...Reuters
Wed, Apr 30
Cryptocurrencies
South Korean officials to discuss trade deals with the U.S. in Washington today
A team from South Korea’s Industry Ministry will leave for Washington on Wednesday, aiming for potential trade deals and to slow the impact of tariffs on Korean firms. The delegation plans “technical discussions” with staff at the office of the United States Trade Representative. Their goal is to win exemptions, or at least softer terms, […]Cryptopolitan
Wed, Apr 30
Other
Saudi Arabia's PIF starts selling 7-year sukuk, document shows
April 30 (Reuters) - Saudi Arabia's sovereign wealth fund, the Public Investment Fund (PIF), has begun accepting bids for the sale of benchmark-sized, dollar-denominated 7-year Islamic bonds, or sukuk, according to an arranging bank document seen by Reuters on Wednesday.The indicative price for ...Reuters
Wed, Apr 30
Stocks
GLOBAL MARKETS-Shares dither, oil slides as tariffs fan growth worries
Concerns over global growth outlook undermine market moodOil tumbles more than 1%China's factory activity falls sharply as Trump tariffs biteDollar set for worst month in over two yearsBy Rae Wee SINGAPORE, April 30 (Reuters) - Shares struggled for direction on Wednesday and oil prices slid a...Reuters
Wed, Apr 30
Other
German logistics group DHL posts higher earnings in Q1 but cautious on trade
BERLIN, April 30 (Reuters) - German logistics company DHL DHLn.DE on Wednesday posted higher sales and earnings in the first quarter, a period dominated by tensions over U.S. import tariffs that could both help and hinder the group's bottom line. Group revenues increased by 2.8% year on year t...Reuters
Wed, Apr 30
Cryptocurrencies
BNB Price Coils at Support — Bounce Looks Ready to Launch
BNB price is consolidating above the $595 support zone. The price is now consolidating near $600 and might aim for more gains in the near term. BNB price is attempting to recover from the $600 support zone. The price is now trading near $602 and the 100-hourly simple moving average. There is a key r...NewsBTC
Wed, Apr 30
Commodities
CORRECTED-Shanghai copper set to surge on dwindling stocks, traders say
SHANGHAI, April 30 (Reuters) - Copper inventories on the Shanghai Futures Exchange (ShFE) are expected to decline again this week, continuing the sharp drop and potentially triggering a price surge, according to four traders.The surge in the prices of ShFE copper, a key metal for China's vast ma...Reuters
Wed, Apr 30
Other
PRESS DIGEST-British Business - April 30
April 30 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.The Times- Mobico MCG.L, the parent of National Express, said CEO Ignacio Garat, is leaving after the company reported 793 ...Reuters
Wed, Apr 30
Other
'Never kneel': China taps Korean War and AI memes to hit back at Trump
China says "Won't kneel" to US tariffs in propaganda videoLikens yielding to Trump's tariffs to "drinking poison"Chinese internet uses sharing tariff memes on social mediaMessaging conveys yielding risks weakening China, Chinese official saysBy Joe Cash BEIJING, April 30 (...Reuters
Wed, Apr 30
