News
Important Only
Forex
Yuan hits highest level since April 2 as China holds ground
HONG KONG, April 29 (Reuters) - China's yuan rose on Tuesday to its strongest level against the U.S. dollar in nearly a month, recovering from losses sustained after the U.S. announced hefty tariffs, as Beijing signalled a commitment to currency stability.
Reuters
Tue, Apr 29
Other
QUOTES-Reactions to Canada's election results
April 29 (Reuters) - Canada's ruling Liberals held on to power in elections on Monday, but fell short of the majority government Prime Minister Mark Carney wanted to help him negotiate over tariffs with U.S. President Donald Trump.Here are some reactions to the results: PRIME MINISTER MARK C...Reuters
Tue, Apr 29
Other
Novartis is seeking to have key products for U.S. manufactured there, CEO says
April 29 (Reuters) - The CEO of Novartis NOVN.S said on Tuesday that the Swiss drugmaker is investing in the United States to no longer rely on dedicated production capacity in Europe and other regions that would serve the U.S., its biggest market."We now want to ensure that 100% of the demand o...Reuters
Tue, Apr 29
Economic Indicator
Australia's surge in wine exports to China begins to slow
By Peter Hobson CANBERRA, April 29 (Reuters) - Australia's wine export boom to China that followed an improvement in relations between the two countries is showing signs of slowing, amid a broader global decline in the number of bottles headed to the world's second-largest economy.China i...Reuters
Tue, Apr 29
Other
Biofuel maker Neste expects limited impact from US tariffs
April 29 (Reuters) - Neste NESTE.HE expects U.S. tariffs will only have a limited impact on its business, the Finnish biofuel maker and oil refiner said on Tuesday as it posted a first quarter core profit roughly in line with expectations.Reuters
Tue, Apr 29
Stocks
GLOBAL MARKETS-Stocks drift, dollar steadies on US auto tariffs relief
US to soften auto tariffs; S&P 500 futures rise 0.1%Japan holiday thins currency tradeAdidas, General Motors among firms that will report earnings on Tuesday SINGAPORE, April 29 (Reuters) - Stocks and the dollar edged higher on Tuesday as U.S. President Donald Trump's administration respo...Reuters
Tue, Apr 29
Other
BP Continues To Expect Reported Upstream Production To Be Lower In 2025
April 29 (Reuters) - BP PLC BP.L:BP PLC - 1Q25 SEABP: EXPECT 2025 CAPITAL EXPENDITURE OF AROUND $14.5 BILLIONBP: FOR Q1, WE HAVE ANNOUNCED A DIVIDEND PER ORDINARY SHARE OF 8 CENTS AND A SHARE BUYBACK OF $750 MILLION.BP - 2025 CONTINUES TO EXPECT REPORTED UPSTREAM PRODUCTION TO BE LOWER AND UNDERLYI...Reuters
Tue, Apr 29
Forex
CORRECTED-FOREX-Dollar struggles to regain ground on US-China trade standoff
Dollar still weak as investors fret over Sino-U.S. trade warTrump set to reduce the impact of automotive tariffsCanadian dollar falls slightly in wake of election resultsBy Rae Wee SINGAPORE, April 29 (Reuters) - The dollar barely recouped its heavy losses on Tuesday as investors were no clearer ...Reuters
Tue, Apr 29
Commodities
Spain's grid operator says all substations working, meeting virtually all demand after Monday's blackout
MADRID, April 29 (Reuters) - Spanish electricity grid operator Red Electrica REDE.MC said it was able to supply 99.16% of the country's electricity demand early on Tuesday as the system gradually recovers from a nationwide blackout on Monday.All the country's substations were operating on Tu...Reuters
Tue, Apr 29
Commodities
AstraZeneca says may face further import tax fine from China
April 29 (Reuters) - AstraZeneca AZN.L on Tuesday said it had received an opinion from authorities in Shenzhen city of suspected unpaid import taxes of $1.6 million, adding that a fine of one to five times that amount may be levied if the company is found liable.Reuters
Tue, Apr 29
Other
NEWSMAKER-Mark Carney, crisis-fighting central banker, to lead Canada through US trade war
Liberal prime minister stressed crisis management skillsHe was first person to head two G7 central banksCarney's global experience contrasted with Conservative leader PoilievreBy David Ljunggren OTTAWA, April 29 (Reuters) - Prime Minister Mark Carney, whose Liberal Party won Canada's ...Reuters
Tue, Apr 29
Commodities
BP reports lower-than-expected profit of $1.38 billion
LONDON, April 29 (Reuters) - BP BP.L on Tuesday reported underlying replacement cost profit, the company's definition of net income, of $1.38 billion in the first quarter, below company-provided analyst expectations of $1.53 billion.Reuters
Tue, Apr 29
Other
BBVA's first quarter net profit up 22.7% from same period in 2024
MADRID, April 29 (Reuters) - Spain's BBVA BBVA.MC on Tuesday said its first quarter net profit rose 22.7% from the same period in 2024 thanks to a solid performance in Spain, where it aims to expand through an around 12 billion euro takeover bid for smaller rival Sabadell SABE.MC.The lender book...Reuters
Tue, Apr 29
