Indonesia Minister says Musk to Consider Offer to Build EV Battery Plant in Country

DENPASAR, Indonesia, May 20 Reuters Indonesia39;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 TSLA.O, opens new tab met with President Joko Widodo on Monday. Musk was not immediately available for comment after minister Luhut Pandjaitan made his […]
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Chinese Developers Shares Wobble as Support Measures Disappoint

HONG KONG, May 20 Reuters Shares of Chinese developers wobbled on Monday as investors fretted that China39;s historic steps to stabilise its crisishit property sector fell short of what is required to foster a sustainable turnaround in demand and confidence. Hong Kong39;s Hang Seng Mainland Properties Index was flat by late morning, after dropping more than 2 earlier […]
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US Stock Settlement Switch Faces Early Resilience Test

NEW YORKLONDON, May 20 Reuters Participants in the United States39; multitrilliondollar securities markets face an early test of their ability to cope with regulatory reforms to speed up trade settlement, as a major index rebalance scheduled to occur just days after the planned switch risks causing a spike in failed trades. Starting May 28, U.S. […]
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Dollar Calm as Traders Await Clues on US Rate Path

SINGAPORE, May 20 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 signs of cooling. The Japanese yen was flat at 155.74 per dollar, with traders on alert for any signs of government […]
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Metals, Stocks Surge as Rate Cut Expectations Firm

Gold, copper hit records; silver leaps JGB yields strike decade highs Global shares hover just below peaks SINGAPORE, May 20 Reuters Asian shares hit two year highs while copper and gold struck records on Monday as investors wagered on interest rate cuts around the corner and China stepping up efforts to steady its ailing property […]
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Aussie Casino Star Soars on Hard Rock Groups Interest

Star shares jump around 21 Star confirms Hard Rock a potential buyer Co needs to engage entire base to ensure takeover successful analyst May 20 Reuters Star Entertainment on Monday confirmed it had received approaches for potential transactions from parties, including a group of investors consisting of Hard Rock Hotels and Casinos, as the troubled Australian […]
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