Market Briefing As we begin a critical stretch in the second full week of May, traders are navigating a landscape shaped by mixed economic signals and renewed volatility. Inflation remains sticky, with the spotlight firmly on Wednesday’s CPI release. Earnings season is winding down but still delivering market-moving moments, especially in retail and tech. Meanwhile,…
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By Krishna N. Das and Charlotte Greenfield NEW DELHI/ISLAMABAD (Reuters) -India and Pakistan have stepped back from the brink of all-out war, with a nudge from the U.S., but New Delhi’s aspirations as a global diplomatic power now face a key test after President Donald Trump offered to mediate on the dispute over Kashmir, analysts…
By Emma Farge and John Revill GENEVA (Reuters) -U.S. Treasury Secretary Scott Bessent on Sunday reported “substantial progress” in U.S. talks with China’s top economic officials to de-escalate a damaging trade war, but offered no details of an agreement reached as two days of negotiations wrapped up in Geneva. Bessent told reporters that details would…
(Reuters) -OpenAI and Microsoft are rewriting the terms of their multibillion-dollar partnership in a high-stakes negotiation designed to allow the ChatGPT maker to launch a future IPO, while protecting the software giant’s access to cutting-edge AI models, the Financial Times reported on Sunday. A critical issue is how much equity in OpenAI’s new for-profit business…
(Reuters) – Ukrainian President Volodymyr Zelenskiy responded guardedly on Sunday to a proposal from Russian President Vladimir Putin of rapid direct talks aimed at ending the war, saying Kyiv was willing to talk but only after Moscow agreed to a ceasefire. Putin made his proposal in a 1:30 a.m. (2230 GMT Saturday) televised statement from…
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By Michael Hogan, Peter Hobson and Gus Trompiz HAMBURG/CANBERRA/PARIS (Reuters) -Chinese buyers bought between 400,000 and 500,000 metric tons of wheat from Australia and Canada in recent weeks, traders said, as heat threatens to damage crops in China’s agricultural heartlands. China is the world’s top wheat grower and also imports large amounts of grain when…
(Reuters) -The European Central Bank should stop cutting borrowing costs as turmoil in the global economy is fuelling price pressures and inflation was at risk of exceeding the bank’s 2% target in the medium term, ECB board member Isabel Schnabel said on Friday. The ECB cut interest rates seven times in the past year as…
(Reuters) -Google has agreed to pay $1.375 billion in a settlement in principle reached with the state of Texas over allegations the company violated users’ data privacy, Texas Attorney General Ken Paxton said on Friday. The agreement settles two lawsuits that covered three products for allegedly violating Texas consumer protection laws. “In Texas, Big Tech…
