European Stocks Dip as Rate Uncertainty Weighs

Focus on Fed minutes, Nvidia earnings AstraZeneca on upbeat revenue forecast Saipem climbs on winning 3.7 bln contract May 21 Reuters European stocks inched lower on Tuesday, following losses in Asian equities, as calls from U.S. Federal Reserve officials for policy caution tempered investor enthusiasm about potential interest rate cuts this year. The panEuropean STOXX […]
Read More

Mixed U.S. Indices Paths, Dow Jones Dropped Heavily, Gold Reached 2,450 USDoz and Reversed, Crude Oil Lower, USD Stable, BTC Jumps

Previous Trading Days Events 20.05.2024 Winners vs Losers USDJPY steps up to the top of the winners list with 0.31 gains followed by EURJPY giving a hint that the JPY started to depreciate heavily. The dollar has also indeed strengthened. Silver remains at the top of the months list with nearly 19.5 gains. News Reports […]
Read More

Indias JSW Cement Plans 360M Factory to Meet Rising Demand

BENGALURU, May 21 Reuters India39;s JSW Cement said on Tuesday it will invest around 30 billion rupees 360.2 million to set up a cement factory in the northern state of Rajasthan, in a bid to meet surging demand for the key construction material. Indian cement makers are ramping up production amid higher government spending in infrastructure […]
Read More

Britain Seeks to Rein in Mastercard, Visa Fees on Retailers

LONDON, May 21 Reuters There is little evidence that big fee hikes imposed by U.S. duo Visa and Mastercard on retailers have led to a major improvement in service, Britain39;s Payment Systems Regulator said on Tuesday, flagging concerns competition was not working. Visa and Mastercard have long dominated the market for payment cards, spurring UK […]
Read More

Chinas JD.com Aims to Raise 1.5B in Convertible Bond Deal

SYDNEY May 21 Reuters Chinese online retailer JD.com is raising 1.5 billion via a convertible bond sale, according to the company39;s regulatory filings on Tuesday. The fiveyear putthree deal was launched after the Hong Kong trading session closed, and ahead of the stock39;s open in New York. The deal is being marketed with a zero to […]
Read More

Eli Lillys Diabetes Drug Tirzepatide Gets Approval in China

SHANGHAI, May 21 Reuters Eli Lilly said on Tuesday its diabetes drug tirzepatide has received approval from Chinese regulators, setting up intensifying competition with its Danish rival Novo Nordisk in the key Asian market. Novo Nordisk39;s popular diabetes drug Ozempic won approval from China in 2021 and the company saw sales of the weekly injection in the […]
Read More

Oil Prices Fall on Demand Fears over Feds Rates Path

May 21 Reuters Oil prices extended losses in Asia trade on Tuesday, with investors anticipating lingering U.S. inflation and higher interest rates to depress consumer and industrial demand. Brent crude futures fell 57 cents, or 0.68, to 83.14 a barrel by 0613 GMT. U.S. West Texas Intermediate crude WTI slipped 58 cents, or 0.73, to […]
Read More