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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
Other
Aixtron Q1 orders up 10%, EBIT down
By Ozan Ergenay April 30 (Reuters) - German chip systems manufacturer Aixtron AIXGn.DE on Wednesday reported a 10% increase in quarterly orders and confirmed its full-year guidance, saying the risks associated with the U.S. tariffs policy were "currently insignificant for the sector".The...Reuters
Wed, Apr 30
Economic Indicator
EUR/USD flat lines below 1.1400 mark ahead of Eurozone/US macro data
The EUR/USD pair recovers a few pips from the vicinity of the mix-1.1300s, or the Asian session low, though it lacks any follow-through amid a modest US Dollar (USD) uptick. Spot prices currently trade around the 1.1375 area and remain confined in a familiar range held over the past week or so.
Fxstreet
Wed, Apr 30
Economic Indicator
GBP/USD breaks below 1.3400 due to stronger US Dollar, BoE rate cut expectations
GBP/USD extends its decline for a second straight session, hovering near 1.3390 during Wednesday’s Asian trading. The pair is under pressure as the US Dollar strengthens on renewed optimism surrounding US-China trade developments.
Fxstreet
Wed, Apr 30
Forex
USD/CHF softens to near 0.6400 amid tariff uncertainty
The USD/CHF pair posts modest losses around 0.6410 during the early European session on Wednesday. The uncertainty surrounding trade policy continues to boost the safe-haven flows, supporting the Swiss Franc (CHF). The Swiss KOF Leading Indicator for April is due later on Wednesday.
Fxstreet
Wed, Apr 30
Other
Volkswagen says trade tensions, EV costs to weigh on profits
STUTTGART, Germany, April 30 (Reuters) - Volkswagen VOWG.DE expects its operative profit, net cash flow and net liquidity to land at the bottom end of annual forecasts, it said on Wednesday, citing growing trade barriers, rising competition and emissions regulations.Battery-electric car sales, which...Reuters
Wed, Apr 30
Other
Remy Cointreau's U.S. sales back to growth in Q4, China stays weak
PARIS, April 30 (Reuters) - French spirits group Remy Cointreau RCOP.PA reported a steeper-than-expected drop in fourth quarter revenue, as cognac sales in China remained weak while they returned to growth in the United States.The maker of Remy Martin cognac and Cointreau liqueur, which is implemen...Reuters
Wed, Apr 30
Forex
FOREX-Dollar steady but vulnerable as tariff worries take hold
Dollar lifts slightly after latest Trump tariff back-trackEuro set for strongest monthly performance since November 2022Yen steady ahead of BOJ policy decision Investors await US advance GDP data By Ankur Banerjee SINGAPORE, April 30 (Reuters) - The U.S. dollar inched higher on Wednesday but was ...Reuters
Wed, Apr 30
Other
Sensor maker ams OSRAM reports first quarter earnings above expectations
April 30 (Reuters) - Austrian sensor maker ams OSRAM AMS2.VI on Wednesday reported first-quarter core earnings ahead of market expectations, saying it successfully mitigated the primary costs of U.S. tariffs. Earnings before interest, tax, depreciation and amortization (EBITDA) rose to 135 millio...Reuters
Wed, Apr 30
Other
Samsung says trade turmoil raises chip business volatilities, may hit phone demand
Samsung's Q1 operating profit rises 1.2% to 6.7 trillion won Stockpiling of chips and phones ahead of U.S. tariffs helps lift earnings - analystsSamsung's mobile business profit 4.3 trillion won, highest in 4 years Chip profit down 42% to 1.1 trillion won By Hyunjoo Jin, Heekyong Yang and Jo...Reuters
Wed, Apr 30
Economic Indicator
China's factory activity falls sharply as Trump tariffs bite
Official manufacturing PMI falls faster than expectedNon-manufacturing activity growth slowsTrump tariffs call time on producers front-loading shipments By Joe Cash BEIJING, April 30 (Reuters) - China's factory activity contracted at the fastest pace in 16 months in April, a factory survey sh...Reuters
Wed, Apr 30
Cryptocurrencies
US tariff activity has slowed down China’s manufacturing industry
China’s factories hit the brakes in April as fresh U.S. tariffs cooled new orders and pushed manufacturers to cut jobs, a private survey showed Wednesday. Caixin and S&P Global April manufacturing purchasing managers’ index (PMI) slipped to 50.4 from March’s 51.2. The 50-point line separates growth from contraction. The result, the lowest since January, still […]Cryptopolitan
Wed, Apr 30
Commodities
PRESS DIGEST- Financial Times - April 30
April 30 (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- JP Morgan chief Jamie Dimon backs Rachel Reeves' 'pro-growth agenda'- KKR says Europe enjoying 'renaissance' aft...Reuters
Wed, Apr 30
Forex
Yields on shorter-dated JGBs slip on bets of BOJ not raising rates soon
TOKYO, April 30 (Reuters) - Yields on Japan's shorter-dated bonds inched down on Wednesday as investors bet the Bank of Japan will not raise its policy rate soon, as worries around tariffs cloud economic outlook.Reuters
Wed, Apr 30
Commodities
WTI falls to near $59.50 due to weakening global economic growth, Oil demand
West Texas Intermediate (WTI) Oil price continues its decline for a third consecutive session, trading near $59.50 per barrel during Asian hours on Wednesday. The downward pressure on Oil stems from growing fears over weakening global economic growth and fuel demand, largely triggered by US Presiden
Fxstreet
Wed, Apr 30
Other
China's Shenzhou-19 crewed spacecraft lands back in country's north
HONG KONG, April 30 (Reuters) - China's Shenzhou-19 crewed spacecraft landed in the north of the country on Wednesday, state broadcaster CCTV reported, after a one day delay due to weather conditions at the landing site.Reuters
Wed, Apr 30
Other
UBS 1Q profit tops expectations on tariff-driven volatility in markets
April 30 (Reuters) - Swiss bank UBS UBSG.S on Wednesday posted better than expected first-quarter net profit, helped by stronger earnings in trading driven by market turbulence in the wake of U.S. tariff turmoil, which it said could delay corporate deals.
Reuters
Wed, Apr 30
