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GLOBAL MARKETS-Stocks skid in Asia, bonds buckle as oil climbs
Nikkei slips, S&P futures down ahead of Nvidia resultsChina economic data disappoints, consumers not buying Oil prices gain on reports of drone attacks in GulfMounting inflation concerns keep bonds on back footBy Wayne Cole SYDNEY, May 18 (Reuters) - Asian share markets were on the skids on M...Reuters
9 hours ago
Commodities
China has agreed to address US concerns over rare earth shortages, says White House
By Lewis Jackson and Laurie Chen BEIJING, May 18 (Reuters) - China will address U.S. concerns about shortages of certain specialty rare earths caused by Beijing's export controls, the White House said on Sunday in a factsheet outlining the major deals agreed during a summit last week. China&#...Reuters
9 hours ago
Economic Indicator
Japanese Yen weakens as hawkish Fed bets drive USD higher
USD/JPY extends its gains for the sixth successive day, trading around 158.90 during the Asian hours on Monday. The US Dollar (USD) gains value against other currencies because the US Federal Reserve (Fed) is shifting toward a more aggressive stance on inflation.
Fxstreet
9 hours ago
Other
Military jets' crew members safely ejected after Idaho air show collision, Navy says
By Matt TracyWASHINGTON, May 17 (Reuters) - Four crew members involved in a mid-air collision of military jets at an air show ejected safely on Sunday outside Mountain Home Air Force Base in Idaho, the U.S. Navy said.Two E/A-18G Growler jets collided in mid-air 2 miles from the base during the two-d...Reuters
9 hours ago
Other
Keppel Activates 90-Day Plan To Drive M1 Efficiency With Cost Reductions And AI Automation
May 18 (Reuters) - Keppel Ltd KPLM.SI:ACTIVATES 90-DAY PLAN TO DRIVE M1 EFFICIENCY WITH COST REDUCTIONS AND AI AUTOMATIONREMOVES PROPOSED DIVESTMENT OF M1 STAKE FROM 2025 MONETISATION PLANSTARGETS MONETISATION OF S$2-S$3 BILLION NON-CORE ASSETS IN 2026TO DRIVE EFFICIENCY AT M1 TO IMPROVE RUN RATE EB...Reuters
9 hours ago
Economic Indicator
China's April industrial output, retail sales growth miss expectations
BEIJING, May 18 (Reuters) - China's industrial output grew 4.1% in April from a year earlier, slowing from the 5.7% pace in March, official data showed on Monday. The data released by the National Bureau of Statistics (NBS) missed expectations for a 5.9% increase in a Reuters poll.Retail sales, ...Reuters
9 hours ago
Economic Indicator
China's property investment extends decline in January-April
BEIJING, May 18 (Reuters) - Property investment in China fell 13.7% in the first four months compared with the same period last year following an 11.2% drop in the first quarter, official data showed on Monday.Property sales by floor area dropped 10.2% in the January-to-April period, after falling 1...Reuters
9 hours ago
Other
Suspects in custody after shooting spree in Austin, Texas, police say
May 17 (Reuters) - Two suspects were in custody on Sunday while another person remained at large after a dozen shootings this weekend in Austin, Texas, police said. In a press conference, Austin Police Chief Lisa Davis said two suspects, a 15-year-old male and a 17-year-old male, were in custody aft...Reuters
9 hours ago
Other
South Korea court accepts Samsung injunction against union threatening strike, Yonhap says
SEOUL, May 18 (Reuters) - A South Korean court partially accepted Samsung Electronics' 005930.KS injunction request against the company's union, which has threatened a strike, the Yonhap news agency said on Monday. The court said Samsung's business should maintain a normal level, Yonhap ...Reuters
9 hours ago
Forex
British Pound seems vulnerable near 1.3300 vs USD on Iran tensions, UK political turmoil
The GBP/USD pair adds to last week's heavy losses and remains under some selling pressure for the fifth consecutive day on Monday. Spot prices drop to the 1.3300 mark, or the lowest level since April 8, during the Asian session and seem vulnerable amid a broadly firmer US Dollar (USD).
Fxstreet
9 hours ago
Economic Indicator
China new home prices fall at slowest monthly pace in a year in April
BEIJING, May 18 (Reuters) - China's new home prices extended their decline in April, but fell at the slowest monthly pace in a year, official data showed on Monday, offering an early sign of improvement even as housing demand remained subdued despite efforts by cities across the country to boost...Reuters
9 hours ago
Stocks
24H | Big Tech, Crypto Stocks Drop as Iran War Remains Stuck in Stalemate
Big tech stocks dropped in overnight trading, after the market’s rally stalled last week as oil prices rose sharply amid the impasse in the war with Iran.Tesla and Nvidia fell 2%; Meta, Amazon, and Alphabet fell 1%.Crypto stocks also fell in overnight trading. Strategy fell 5%; Circle, MARA Holdings...Tiger News
9 hours ago
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