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Reuters - 12 minutes ago

New Zealand c.bank leaves cash rate unchanged but pushes out timeline for cuts

UPDATE 1-New Zealand c.bank leaves cash rate unchanged but pushes out timeline for cuts Adds detail throughout and market reaction By Lucy Craymer WELLINGTON, May 22 - New Zealand's central bank held its cash rate steady at 5.5% on Wednesday as expected, but lifted its forecast peak for rates and pushed out when it expects to start cutting rates until the third quarter of 2025, citing persistent inflation.

Reuters - 18 minutes ago

US on track to establish domestic rare earths supply chain for defence, official says

Reuters - 19 minutes ago

Copper weighed down by steady dollar, soft demand

Reuters - 22 minutes ago

Most Asian currencies flat; Philippine peso inches higher

Reuters - 30 minutes ago

Australia to ban knock-offs of popular weight-loss drugs Ozempic, Mounjaro

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Key notes ahead of Nvidia’s Q1 2025 earnings - Stock Markets

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Commodities' volatility jumps due to geopolitics – Volatility Watch

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How will the Eurozone PMIs impact ECB expectations? – Preview

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Fed rate expectations whipsawed by Fed speakers and the US CPI

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Reuters - 8 minutes ago

Indian bond yields seen flattish as traders eye government's next move

INDIA BONDS-Indian bond yields seen flattish as traders eye government's next move By Dharamraj Dhutia MUMBAI, May 22 (Reuters) - Indian government bond yields are seen little changed in early trades on Wednesday, as traders eye the next steps that the government could take to infuse cash in the system, after three attempts to buyback securities witnessed lukewarm interest.

Reuters - 12 minutes ago

New Zealand c.bank leaves cash rate unchanged but pushes out timeline for cuts

Reuters - 16 minutes ago

Fatal storms pummel Iowa, reducing parts of one town to rubble

Fatal storms pummel Iowa, reducing parts of one town to rubble By Brad Brooks and Steve Gorman May 21 (Reuters) - Severe thunderstorms, apparently spawning tornadoes, raked Iowa on Tuesday afternoon, leaving parts of one town in shambles, toppling several wind turbines and killing at least one person, according to authorities and local media. Video of the storm's aftermath aired by television station KCCI, a CBS affiliate in the state capital of Des Moines, showed several homes reduced to piles

Reuters - 18 minutes ago

After Singapore Airlines turbulence accident, flight crews urge buckling up

UPDATE 1-After Singapore Airlines turbulence accident, flight crews urge buckling up Adds comments from AccuWeather, ALPA in paragraphs 3 and 9 By Rajesh Kumar Singh CHICAGO, May 21 (Reuters) - Buckle up. That is the message from flight attendants and pilots following the severe turbulence encountered by a Singapore Airlines SIAL.SI flight on Tuesday that resulted in the death of one passenger and injured dozens of others.

Reuters - 18 minutes ago

US on track to establish domestic rare earths supply chain for defence, official says

UPDATE 1-US on track to establish domestic rare earths supply chain for defence, official says Adds CEO comments, context from paragraph 3 onwards By Melanie Burton PERTH, Australia, May 22 (Reuters) - The United States is on track to establish a domestic rare earths supply chain to meet its defence needs by 2027, a senior defence official said on Wednesday.

Reuters - 19 minutes ago

Copper weighed down by steady dollar, soft demand

METALS-Copper weighed down by steady dollar, soft demand BEIJING, May 22 (Reuters) - Copper prices trended lower on Wednesday on a steady U.S. dollar, softening demand and higher inventories in top consumer China. Three-month copper on the London Metal Exchange (LME) CMCU3 lost 0.5% to $10,802.50 per metric ton by 0214 GMT, cooling after a rally that pushed prices to a record high on Monday.

Reuters - 22 minutes ago

Australia's Starpharma rises on cost-cutting measures

BUZZ-Australia's Starpharma rises on cost-cutting measures ** Shares of Starpharma SPL.AX rise as much as 6.8% to A$0.118, set for best day since April 24, if gains hold ** Biopharmaceutical co says it is conducting a review of strategy and operations to increase revenue and reduce costs ** Adds it has implemented changes that are expected to reduc

Reuters - 22 minutes ago

Most Asian currencies flat; Philippine peso inches higher

EMERGING MARKETS-Most Asian currencies flat; Philippine peso inches higher May 22 (Reuters) - The following table shows rates for Asian currencies against the dollar at 0222 GMT CURRENCIES VS U.S. DOLLAR Currency Latest bid Previous day Pct Move Japan yen 156.240 156.15 -0.06 Sing dlr 1.346 1.347 +0.09 Taiwan dlr 32.265 32.294 +0.09 Korean won 1363

Reuters - 26 minutes ago

China's Nio, FAW Group to cooperate on battery charging, swapping

UPDATE 1-China's Nio, FAW Group to cooperate on battery charging, swapping Adds context from paragraph 4 BEIJING, May 22 (Reuters) - China's Nio 9866.HK and state-owned automaker FAW Group have signed a strategic cooperation agreement for battery charging and swapping, according to their official social media accounts on Wednesday. The companies will also deepen long-term cooperation in battery charging and swapping, including the establishment of battery technical standards, according to statem

Reuters - 28 minutes ago

Aussie banking stocks at more than 9-week high; Jarden sees FY25 earnings upside

BUZZ-Aussie banking stocks at more than 9-week high; Jarden sees FY25 earnings upside ** Shares of Australia's financials sub-index .AXFJ rise as much as 0.5% to hit their highest since April 2 ** Analysts at Jarden believe the first-half earnings from major banks support its constructive stance as margin pressures moderated and bad debts remained

Reuters - 28 minutes ago

South Korea presidential office says short-selling ban to stay

UPDATE 2-South Korea presidential office says short-selling ban to stay Adds confirmation from an official at the presidential office SEOUL, May 22 (Reuters) - South Korea has no plan to lift a ban on stock short-selling until it can put a system in place to stop big investment banks engaging in illicit trading practices , Yonhap news reported on Wednesday, citing a presidential official.

Reuters - 29 minutes ago

Xpeng's HK shares jump after Q1 results, upbeat Q2 delivery outlook

BUZZ-Xpeng's HK shares jump after Q1 results, upbeat Q2 delivery outlook ** Shares of Chinese EV maker Xpeng Inc 9868.HK jump 14.5% to HK$35.10, their biggest intraday pct gain since July 27, 2023 ** Stock hits the highest since May 7, and is biggest pct gainer in Hang Seng Tech Index .HSTECH , Hang Seng China Enterprises Index .HSCE and Hang Seng Composite Index .HSCI ** U.S.-listed shares XPEV.N up nearly 6% on Tuesday ** Xpeng forecast a rise in second-quarter deliveries as price cuts help th

Reuters - 30 minutes ago

Australia to ban knock-offs of popular weight-loss drugs Ozempic, Mounjaro

Australia to ban knock-offs of popular weight-loss drugs Ozempic, Mounjaro SYDNEY, May 22 (Reuters) - Australia said on Wednesday it will ban copies of drugs used for weight loss such as Ozempic and Mounjaro, arguing that so-called compounded versions are not rigorously tested and are potentially unsafe. Demand for Novo Nordisk's NOVOb.CO Ozempic and Eli Lilly's LLY.N Mounjaro has soared due to the diabetes drugs being used for their weight-loss effects.

Reuters - 32 minutes ago

Australia's DroneShield up on US government contract

BUZZ-Australia's DroneShield up on US government contract ** Shares of DroneShield rise as much as 9.55% to A$0.975, their highest level since May 14 ** Shares of the defense software co on track for its best day since April 17 ** Co says it received a repeat U.S. government order for A$5.7 million contract for several of co's C-UxS solutions ** St

Reuters - 34 minutes ago

Indonesia capital markets closed on May 23 and 24 for national holidays

ADVISORY-Indonesia capital markets closed on May 23 and 24 for national holidays JAKARTA, May 22 (Reuters) - Indonesia's capital markets will be closed for national holidays on Thursday, May 23, and Friday, May 24. Trading will resume on Monday, May 27. Reporting by Stefanno Sulaiman

Reuters - 34 minutes ago

Vietnam lawmakers elect top policeman as country's new president

UPDATE 1-Vietnam lawmakers elect top policeman as country's new president Updates with comment from Lam, details HANOI, May 22 (Reuters) - Vietnam's National Assembly on Wednesday elected its police minister To Lam as the country's new president, the biggest change so far in a major leadership reshuffle after an unusual spell of political turbulence in the one-party state.

Reuters - 35 minutes ago

Australian mining stocks hit 4-1/2-month high on improved China prospects

BUZZ-Australian mining stocks hit 4-1/2-month high on improved China prospects ** Australian mining stocks .AXMM rise as much as 0.7% to hit their highest level since Jan. 5 ** The sub-index on track for their best day since April 11, if gains hold ** Iron ore futures rose on Tuesday, as resilient demand and improved prospects in top consumer China continued to support the market IRONORE/ ** Shares of top miner BHP Group BHP.AX rise up to 0.7% to highest level since Feb.

Reuters - 36 minutes ago

Australia finds cases of avian influenza virus at farm near Melbourne

Australia finds cases of avian influenza virus at farm near Melbourne SYDNEY, May 22 (Reuters) - Australian health authorities have detected the presence of the avian influenza virus at an egg farm near Melbourne although further testing was needed to determine the exact type and nature of the disease, they said on Wednesday. Victoria state's agriculture department said it was investigating several poultry deaths at the property, which had been quarantined.

Reuters - 37 minutes ago

Australia's Telstra plunges as brokerages cut PT amid stiff competition

BUZZ-Australia's Telstra plunges as brokerages cut PT amid stiff competition Updates ** Shares of Australia's Telstra TLS.AX fall as much as 5% to A$3.39 to hit the lowest since May 2021 ** Analysts across brokerages reduce price targets on the telecommunications giant ** Telstra will be slashing over a tenth of its workforce by 2024-end and stoppi

Reuters - 39 minutes ago

Iron ore rises to three-month high on bullish demand outlook

Iron ore rises to three-month high on bullish demand outlook BEIJING, May 22 (Reuters) - Iron ore futures extended its rally to a more than three-month peak on Wednesday, fuelled by a bullish demand outlook buoyed by China's recent support on its property sector. The most-traded September iron ore contract on China's Dalian Commodity Exchange (DCE) DCIOcv1 was up 2.4% to 918 yuan ($126.83) a metric ton by 0152 GMT, its highest since Feb.

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