News
Important Only
Commodities
Russian drone attack on Ukraine freight train injures driver, Ukrainian railways says
May 12 (Reuters) - A Russian drone attack on Monday on Ukraine's railway infrastructure in the Donetsk region injured a locomotive driver of a civilian freight train, Ukrainian Railways said."Truce proposals are being ignored, hostile attacks on railway infrastructure ... continue," Ukra...Reuters
Mon, May 12
Cryptocurrencies
Watch Dogecoin If You’re Into Big Moves, Analyst Says
Dogecoin (DOGE) may have faded from the spotlight recently, but according to one analyst, this very lack of attention could present a compelling opportunity. While the meme coin currently trades around the $0.22 mark, a sharp move could be brewing, one that the analyst asserts could catch the market...Bitcoinist
Mon, May 12
Other
Danone acquires U.S. plant-based organic formula maker Kate Farms
By Abigail Summerville NEW YORK, May 12 (Reuters) - Danone DANO.PA said on Monday it has agreed to buy a majority stake in Kate Farms, a U.S. maker of plant-based organic drinks that will fit into the French food giant's specialized nutrition portfolio.Santa Barbara, California-based Kate Far...Reuters
Mon, May 12
Stocks
BREAKINGVIEWS-Private credit’s mass appeal creates new risks
By Neil UnmackLONDON, May 12 (Reuters Breakingviews) - Advocates for private credit like to tout a key advantage over banks: locked-up money. Depositors at old-school lenders can flee in a panic, as Silicon Valley Bank found in 2023, exposing a mismatch between flighty funding and hard-to-sell inves...Reuters
Mon, May 12
Other
Evonik beats core profit expectations in 1st quarter, confirms guidance
By Matthias Inverardi and Anastasiia Kozlova May 12 (Reuters) - German chemicals group Evonik Industries EVKn.DE reported first-quarter core profit above market expectations and confirmed its outlook for 2025 on Monday, aided by its shift towards high-margin growth businesses and cost discipline....Reuters
Mon, May 12
Stocks
Australia's healthcare stocks drop as Trump plans executive order to cut prescription drug prices
** Australia's healthcare stocks .AXHJ down 1.1%** The sub-index down as much as 1.5%, its lowest level since April 28** "The weakness in healthcare is associated with rumours of drug price equalisation in the U.S., where they often pay a higher price than other markets," said Tim Bingha...Reuters
Mon, May 12
Stocks
Indian pharma stocks fall as Trump moves to cut U.S. drug prices
May 12 (Reuters) - Indian pharma stocks .NIPHARM fell 1.6% on Monday, bucking broader market gains, after U.S. President Trump said he would cut drug prices by 30%–80% to match other wealthy nations.Trump said he would sign an executive order on Monday to pursue "most favored nation" pricin...Reuters
Mon, May 12
Economic Indicator
China hosts Latin American, Caribbean nations amid US trade war talks
China-CELAC Forum challenges U.S. dominance in Latin AmericaChina aims to strengthen trade ties with Brazil, Latin AmericaChina resumes Brazilian soybean imports, explores Chilean lithium investmentsBy Liz Lee and Laurie Chen BEIJING, May 12 (Reuters) - China will host a summit that includes its ...Reuters
Mon, May 12
Other
PRESS DIGEST - Wall Street Journal - May 12
May 12 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.- Chinese battery giant CATL 300750.SZ plans to raise up to $4 billion in a Hong Kong IPO, the city's largest this year, after capturing o...Reuters
Mon, May 12
Other
PRESS DIGEST- New York Times business news - May 12
May 12 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.- U.S. President Donald Trump will sign an executive order on Monday aimed at lowering some drug prices in the United States by alig...Reuters
Mon, May 12
Forex
FOREX-Dollar gains versus yen, franc on Sino-US trade optimism; yuan firms
Dollar rises after U.S.-China trade talks ease tensionsU.S. inflation and retail sales data may impact Fed expectationsIndia-Pakistan ceasefire, looming Ukraine-Russia talks calm tensionsBy Rocky Swift TOKYO, May 12 (Reuters) - The dollar climbed against its safe-haven counterparts on Monday afte...Reuters
Mon, May 12
Stocks
MORNING BID EUROPE-The devil's in the lack of detail
A look at the day ahead in European and global markets from Wayne Cole.Take your pick from "substantial progress", "constructive", "an important first step", "reached important consensus", "good news for the world", and easily the best: "As we say back in ...Reuters
Mon, May 12
Stocks
Indian pharma index bucks broader market gains on US tariff fears
** India's pharma stocks .NIPHARM down ~2%, only laggard among 13 major sub-indexes; market .NSEI, .BSESN up 2.4%** U.S. President Donald Trump says will sign executive order to cut prescription prices to the level paid by other high-income countries, an amount he put at 30% to 80% less** Vishal...Reuters
Mon, May 12
Other
HEDGE FLOW-Hedge funds re-enter Chinese equities on trade talk optimism, Morgan Stanley says
By Summer Zhen HONG KONG, May 12 (Reuters) - Hedge funds, especially U.S.-based ones, added bullish bets on Chinese stocks last week on hopes of progress in U.S.-China trade talks, according to Morgan Stanley. MSCI China Index .dMICN00000PUS and China's blue-chip CSI 300 .CSI300 rose 2.4% and...Reuters
Mon, May 12
Technical Analysis
Ripple Price Forecast: XRP turns green amid waning exchange inflows
Ripple (XRP) price continues its upward trajectory, trading at $2.40 on Monday, fuelled by a widespread bullish surge spearheaded by Bitcoin (BTC) breaking past the $100,000 mark last week. Multiple buy signals suggest that XRP can potentially extend the rally, targeting $3.00 in the coming days.
Fxstreet
Mon, May 12
