Surging commodity stocks prop up European shares
(Reuters) - European shares inched up early on Monday but remained rangebound as gains in commodity-linked stocks were offset by uncertainty around the outlook for interest rates. The pan-European STOXX 600 index rose 0.1% by 0716 GMT, hovering bel...
9h ago
Japan manufacturers want stable FX from BOJ policy, survey shows
By Leika Kihara TOKYO (Reuters) - Japan's large manufacturers saw exchange rate stability as the biggest factor they wanted out of the central bank's monetary policy, a Bank of Japan survey showed on Monday. Many firms said they were no longer able...
11h ago
Analysis-US stock settlement switch faces early resilience test
By Laura Matthews and Sinead Cruise NEW YORK/LONDON (Reuters) - Participants in the United States' multitrillion-dollar securities markets face an early test of their ability to cope with regulatory reforms to speed up trade settlement, as a major ...
11h ago
Venture capital investment in crypto picks up after long decline
By Elizabeth Howcroft LONDON (Reuters) - Global venture capital investment in crypto companies rose to $2.4 billion in the first three months of 2024, data showed on Monday, in a tentative sign that investor interest is returning. Crypto venture ca...
11h ago
Venture capital funding in crypto rises to $2.4 billion, Pitchbook says
By Medha Singh (Reuters) - Crypto startup funding rose for a second straight quarter to hit $2.4 billion in the first three months of 2024, Pitchbook data showed, as expectations of lower interest rates and the debut of the first U.S. bitcoin spot ...
12h ago
Indonesia minister says Musk to consider offer to build EV battery plant in country
By Stefanno Sulaiman DENPASAR, Indonesia (Reuters) -Indonesia's coordinating minister of investment said that Elon Musk will consider an offer to build an electric vehicle battery plant in the country, after the CEO of Tesla met with President Joko Wid...
12h ago
Morning Bid: Metals zoom as investors wait on rates
A look at the day ahead in European and global markets from Tom Westbrook Copper and gold made record highs in Asia trade on Monday and silver surged over $30. The breakout gains were all the more noteworthy while bonds and currencies settled into rang...
12h ago
Thailand trims 2024 growth forecast despite strong Q1, as weak exports weigh
By Orathai Sriring and Kitiphong Thaichareon BANGKOK (Reuters) - Thailand trimmed its economic growth forecast for 2024 on Monday despite a better-than-expected expansion in the January-March quarter, saying exports were projected to increase at a ...
12h ago
China's exports to North Korea swing to growth in April
BEIJING (Reuters) - China's exports to North Korea in April rose at a marginal pace from a year earlier, reversing an annual decline in March, customs data showed on Monday, as Pyongyang affirmed its position to develop long-standing ties with Chin...
12h ago
Vietnam Deputy PM: economy facing mounting pressure
HANOI (Reuters) - Vietnam's economy is facing mounting pressure and the government will maintain policies that support growth, Deputy Prime Minister Le Minh Khai said on Monday. Khai said inflation is on the rise while credit growth remains weak, a...
14h ago
Most Chinese developers' shares fall despite latest support measures
HONG KONG (Reuters) - Shares of most major Chinese developers fell on Monday even after China announced "historic" steps to stabilise its crisis-hit property sector. Hong Kong's Hang Seng Mainland Properties Index dropped more than 2%, having gaine...
14h ago
China commerce ministry bans some US firms from import, export activities
BEIJING (Reuters) - China's Commerce Ministry said on Monday that it will prohibit some U.S. firms from importing and exporting activities related to China, including one selling arms to Taiwan, and forbid them from making new investments in China....
14h ago
Oil prices climb amid uncertainty over Iran president's fate
By Colleen Howe BEIJING (Reuters) - Oil prices rose in early Asian trading on Monday, adding to last week's gains as rescuers searched for Iran's president after a helicopter crash in the oil-producing nation and after the U.S. bought crude to help...
15h ago
China leaves benchmark LPRs unchanged, in line with expectations
SHANGHAI/SINGAPORE (Reuters) - China left benchmark lending rates unchanged at a monthly fixing on Monday, in line with market expectations. WHY IT'S IMPORTANT The steady monthly LPR fixings come after China announced "historic" steps last week to ...
15h ago
Elliott builds $1 billion-plus stake in Johnson Controls, Bloomberg reports
(Reuters) - Activist investor Elliott Investment Management has built a position worth over $1 billion in Johnson Controls International Plc, Bloomberg News reported on Sunday. The Bloomberg report also said that Elliott's intentions behind the sta...
15h ago
Asia shares touch two-year top as China plans property boost
By Tom Westbrook SINGAPORE (Reuters) - Asian shares started the week by rallying two-year highs on Monday, buoyed by China's strongest measures yet to address its property crisis and by expectations for global rate cuts within weeks, while the doll...
15h ago
Dollar steady as traders await clues on US rate path
By Ankur Banerjee SINGAPORE (Reuters) - The dollar was broadly steady on Monday as investors awaited further clues to help chart the U.S. interest rate path in the wake of cautious comments from Federal Reserve officials, even as inflation shows si...
15h ago
Australia's Star Entertainment gets potential deal offers
(Reuters) - Australian casino operator Star Entertainment Group said on Monday it had received unsolicited and non-binding interest from several external parties regarding potential take-control transactions. The Australian Financial Review had rep...
17h ago
Asking prices for UK homes hit record high, Rightmove says
LONDON (Reuters) - Prices of homes being put up for sale in Britain have hit record highs despite still expensive mortgage costs, but the pace of gains has slowed, according to data from property website Rightmove. The average asking price for resi...
18h ago
Japan and ASEAN plan joint strategy on auto production, Nikkei reports
(Reuters) - Japan and the Association of Southeast Asian Nations (ASEAN) plan to create their first joint strategy on automobile production and sales within the Southeast Asian bloc to counter China's increasing presence in the electric vehicle mar...
18h ago
Morning Bid: China clouds darken market mood
By Jamie McGeever (Reuters) - A look at the day ahead in Asian markets. Broadly speaking, the global backdrop for Asian markets is still bright, with investors confident that the Fed will soon cut U.S. interest rates keeping the dollar, bond yields...
19h ago
EQT in advanced talks to buy Keywords Studios for $2.8 billion
(Reuters) -European private equity group EQT is in advanced discussions to buy Dublin-based video game services company Keywords Studios for 2.2 billion pounds ($2.79 billion), the companies said in a statement. EQT is negotiating over a possible cash ...
May 19, 2024
U.S. regulators reconsider capital hike for big banks, WSJ reports
(Reuters) - The Federal Reserve and two other U.S. regulators are moving toward a new plan that would significantly reduce a nearly 20% mandated increase in capital for the country's biggest banks following lobbying efforts by industry CEOs like JP...
May 19, 2024
Musk arrives in Indonesia's Bali for planned Starlink launch
JAKARTA (Reuters) - Tycoon Elon Musk arrived on the Indonesian island of Bali on Sunday ahead of the planned launch of SpaceX's Starlink internet service, which the Indonesian government hopes will boost internet penetration and health services in ...
May 19, 2024
China launches anti-dumping probe into EU, US, Japan, Taiwan chemicals
BEIJING (Reuters) - China's commerce ministry launched an anti-dumping probe on Sunday into POM copolymers, a type of engineering chemicals, imported from the EU, U.S., Japan and Taiwan. The chemicals can partially replace metals such as copper and...
May 19, 2024