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U.S. stocks stumble amid bearish breadth/momentum setup

LIVE MARKETS-U.S. stocks stumble amid bearish breadth/momentum setup U.S. equity index futures modestly green: Nasdaq 100 up ~0.3% Apr Durable Goods > estimate Apr Durable Goods ex-transport > estimate Euro STOXX 600 index off ~0.6% Dollar, crude, bitcoin dip; gold gains U.S. 10-Year Treasury yield edges up to ~4.5% Welcome to the home for real-time coverage of markets brought to you by Reuters reporters.
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Canada March retail sales down 0.2%; seen up 0.7% in April

UPDATE 1-Canada March retail sales down 0.2%; seen up 0.7% in April Writes throughout OTTAWA, May 24 (Reuters) - C anada's retail sales contracted for a third consecutive month and dropped by 0.2% in March, data showed on Friday, led primarily by sales of furniture, home furnishings, electronics and appliances. For the quarter that ended March 31, retail sales were down 0.2%, Statistics Canada said.

Families of Marines killed in 2022 Osprey crash sue Bell Textron, Boeing, Rolls Royce -Axios

MEDIA-Families of Marines killed in 2022 Osprey crash sue Bell Textron, Boeing, Rolls Royce -Axios WASHINGTON, May 24 (Reuters) - -- Source link: https://tinyurl.com/rpc2zdfr -- Note: Reuters has not verified this story and does not vouch for its accuracy (Washington newsroom)
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Santander appoints head of new sovereign wealth fund business, sources say

Santander appopints head of new sovereign wealth fund business, sources say LONDON/MADRID, May 24 (Reuters) - Spanish bank Santander SAN.MC has appointed the head of its new sovereign wealth funds business as it looks to tap in to their growing activity in Europe, two sources with knowledge of the matter said. The new operation sits within Santander's corporate and investment banking unit, which Spain's largest lender is trying to expand.
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French finance minister says problems with India over global tax reform

French finance minister says problems with India over global tax reform STRESA, Italy, May 24 Reuters - French Finance Minister Bruno Le Maire said on Friday the first pillar of a global tax reform regarding how to share taxing rights on multinationals is facing problems, citing India as one country holding up the deal. "We have to fix the issues with India," Le Maire told reporters in Italy during a meeting of G7 finance ministers and central bankers.

Golar LNG Ltd <GLNG.OQ> expected to post earnings of 35 cents a share - Earnings Preview

Golar LNG Ltd expected to post earnings of 35 cents a share - Earnings Preview Golar LNG Ltd GLNG.OQ GLNG.O is expected to show a rise in quarterly revenue when it reports results on May 28 for the period ending March 31 2024 The Hamilton Bermuda-based company is expected to report a 7.1% increase in revenue to $79.19 million from $73.97 million a year ago, according to the mean estimate from 3 analysts, based on LSEG data.
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Ukraine central bank sets hryvnia rate at a new low of 40.12 per US dollar

Ukraine central bank sets hryvnia rate at a new low of 40.12 per US dollar KYIV, May 24 (Reuters) - Ukraine's central bank set its official hryvnia currency rate at a new low of 40.12 per U.S. dollar for May 27, it said on Friday. Demand for hard currency has been growing in recent weeks, traders said, after the central bank this month introduced its largest wartime currency liberalization measures to ease foreign exchange controls and soften restrictions on capital outflows.

EU industry chief urges US to pass new tech rules, foster shared digital market

UPDATE 1-EU industry chief urges US to pass new tech rules, foster shared digital market Adds context on AI regs in paragraphs 2-5, additional Breton comment in paragraph 6 By Martin Coulter PARIS, May 24 (Reuters) - The European Union's industry chief has called on the United States to pass new technology regulations, in the hopes of fostering a cohesive digital marketplace across the Atlantic.
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US core capital goods orders and shipments rebound in April

US core capital goods orders and shipments rebound in April WASHINGTON, May 24 (Reuters) - New orders for key U.S.-manufactured capital goods rebounded more than expected in April and shipments of these goods also increased, suggesting a pick up in business spending on equipment early in the second quarter. Non-defense capital goods orders excluding aircraft, a closely watched proxy for business spending plans, rose 0.3% last month after an upwardly revised 0.1% dip in March, the Commerce Depart

India's Torrent Pharma meets Q4 profit estimates on strong demand

India's Torrent Pharma meets Q4 profit estimates on strong demand BENGALURU, May 24 (Reuters) - Indian drugmaker Torrent Pharmaceuticals TORP.NS reported fourth-quarter profit in-line with expectations on Friday, driven by a strong domestic demand. Consolidated net profit for the company, which makes drugs for diabetes, pain management, cancer and infections, rose 56.5% to 4.49 billion rupees ($54 million) for the three months ended March 31. Analysts, on average, had expected a profit of 4.51 b
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ADNOC, Aramco considering bids for Shell's South Africa assets, Bloomberg News reports

UPDATE 1-ADNOC, Aramco considering bids for Shell's South Africa assets, Bloomberg News reports Adds details and background from paragraph 3 May 24 (Reuters) - Abu Dhabi National Oil Co (ADNOC) and Saudi Aramco 2223.SE are among companies weighing bids for oil major Shell's SHEL.L downstream assets in South Africa, Bloomberg News reported on Friday, citing people familiar with the matter.
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Hasbro And Christian P. Cocks, Chief Executive Officer, Entered Into An Amended And Restated Employment Agreement

BRIEF-Hasbro And Christian P. Cocks, Chief Executive Officer, Entered Into An Amended And Restated Employment Agreement May 24 (Reuters) - Hasbro Inc HAS.O : HASBRO INC - CO AND CHRISTIAN P. COCKS, CHIEF EXECUTIVE OFFICER, ENTERED INTO AN AMENDED AND RESTATED EMPLOYMENT AGREEMENT HASBRO INC - AMENDED EMPLOYMENT AGREEMENT EXTENDS THE TERM OF COCKS��
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Kazakh oil flow to Germany seen intact with Druzhba issue resolved, sources say

Kazakh oil flow to Germany seen intact with Druzhba issue resolved, sources say By Marek Strzelecki and Riham Alkousaa WARSAW, May 24 (Reuters) - Pipeline operators in Poland and Russia agreed on a solution that will allow Kazakh oil transit to Germany to continue, removing a risk that it would stop in June, sources familiar with the matter told Reuters.
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Dollar holds firm as traders trim US rate cut bets

FOREX-Dollar holds firm as traders trim US rate cut bets Updates prices at 1202 GMT By Tom Westbrook and Amanda Cooper SINGAPORE/LONDON, May 24 (Reuters) - The dollar was set for its largest weekly rise in a month-and-a-half on Friday as surprisingly strong U.S. economic data has left markets on edge about the outlook for U.S. inflation and interest rates.
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G7 needs common response to China trade threat, Italian chair says

RPT-G7 needs common response to China trade threat, Italian chair says Repeats to link to snaps, no change to text STRESA, Italy, May 24 (Reuters) - G7 countries need to find a common approach to China's growing export strength, Italian Economy Minister Giancarlo Giorgetti said on Friday. "There must not be competition within the G7" in response to China, the minister told reporters.

Vodafone CEO's Total Pay At 4.4 Mln Stg For FY2024

BRIEF-Vodafone CEO's Total Pay At 4.4 Mln Stg For FY2024 May 24 (Reuters) - Vodafone Group PLC VOD.L : VODAFONE CEO TOTAL PAY OF 4.4 MILLION STG FOR FY2024 - ANNUAL REPORT Source text for Eikon: ID:nRSX8800Pa Further company coverage: VOD.L
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India's Bosch posts Q4 profit rise on higher demand

India's Bosch posts Q4 profit rise on higher demand BENGALURU, May 24 (Reuters) - Bosch BOSH.NS , the Indian arm of German automotive supplier Robert Bosch GmbH, reported a 41.5% climb in fourth-quarter profit on Friday, helped by better demand for its automotive products and consumer goods. Net profit rose to 5.65 billion rupees ($67.99 million) in the quarter ended March 31 from 3.99 billion rupees a year earlier for the company, which makes auto parts and accessories for cars, two wheelers an

No sign of foul play in Iran president's deadly helicopter crash, early report says

No sign of foul play in Iran president's deadly helicopter crash, early report says DUBAI, May 24 (Reuters) - A preliminary report by Iran's military said no evidence of foul play or attack had been found so far during investigations into the helicopter crash that killed President Ebrahim Raisi, state media reported on Friday. Raisi , a hardliner who had been seen as a potential successor to Supreme Leader Ayatollah Ali Khamenei, was killed when his helicopter came down in poor weather in mounta

US equity funds see massive weekly inflows on rate cut expectations

US equity funds see massive weekly inflows on rate cut expectations May 24 (Reuters) - U.S. equity funds secured substantial inflows in the week ended May 22, buoyed by expectations that the U.S. Federal Reserve might cut interest rates due to signs of slowing inflation, alongside optimism from robust corporate earnings growth. According to LSEG Lipper data, investors pumped $9.9 billion into U.S.
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Buckle falls after Q1 results miss

BUZZ-Buckle falls after Q1 results miss ** Shares of clothing and accessories retailer Buckle BKE.N down 1.8% at $35.81 premarket ** Co reports Q1 diluted EPS of 69 cents vs est. of 74 cents - LSEG data ** Co reports Q1 sales of $262.5 mln, also missing est. of $263.6 mln ** YTD, stock is down 18.6% Reporting by Jaiveer Singh Shekhawat in Bengaluru



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