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How Keir Starmer could be replaced as UK prime minister after Labour suffers local election drubbing

LONDON (AP) - U.K. Prime Minister Keir Starmer is facing a battle for his job after his Labour Party suffered a calamitous set of results in local elections last week that if repeated at a general election would see it comprehensively ejected from power. Despite ...
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AI rally pauses as Middle East ceasefire goes on ‘life support’

SINGAPORE, May 12 (Reuters) - Oil crept higher and the dollar rose on Tuesday as hopes faded for a deal to get ships moving through the Strait of Hormuz, while a red-hot chip rally in chip stocks cooled and traders waited on U.S. inflation ...
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Xi-Trump summit may yield farm deal, but China has limited soybean appetite

By Ella Cao, Trevor Hunnicutt and Naveen Thukral BEIJING/SINGAPORE, May 12 (Reuters) - China and the United States may reach a farm deal at their summit this week that expands Beijing's purchases of grains and meat, but market watchers said they did not expect major ...
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US consumer inflation expected to have increased further in April amid Iran war

By Lucia Mutikani WASHINGTON, May 12 (Reuters) - U.S. consumer prices likely rose at a solid pace for a second straight month in April, which would result in the largest annual increase in inflation in more than 2-1/2 years and further bolster expectations the Federal ...
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Asian shares trade mixed after Wall Street rally despite Iran war worries

TOKYO (AP) - Asian shares traded mixed early Tuesday as optimism encouraged by a record rally on Wall Street clashed with anxiety about surging oil prices and a possible AI bubble. Japan's benchmark Nikkei 225 added 0.7% to 62,881.03. South Korea's Kospi dropped 1.2% to ...
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In a trial pitting him against Elon Musk, nobody has more to lose than OpenAI CEO Sam Altman

OAKLAND, Calif. (AP) - In a trial featuring a clash between Elon Musk and OpenAI CEO Sam Altman, neither of the tech titans has emerged as an overly sympathetic character. But nobody has more to lose than Altman, who is expected to take the ...
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Emerging market investors shrug off Iran war shock, IIF data shows

By Marc Jones LONDON, May 11 (Reuters) - Global investors swung sharply back into emerging market assets in April, Institute of International Finance data showed on Monday, as markets recovered from Iran war-driven selloffs. Emerging market portfolio flows - the balance of bond and stock ...
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Wise set to make Nasdaq debut as company completes shift from London to New York

By Hannah Lang NEW YORK, NEW YORK, May 11 (Reuters) - Money transfer company Wise is set to debut on the Nasdaq on Monday, shifting its primary listing from London to New York as the fintech unicorn seeks expanded capital markets benefits and greater U.S. ...
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US home sales flat in April as lackluster spring homebuying season lurches forward

Sales of previously occupied U.S. homes were essentially flat in April, another lackluster showing for the housing market during what's traditionally its busiest time of the year. Existing home sales edged up 0.2% last month from March to a seasonally adjusted annual rate of 4.02 ...
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Share futures wobble, dollar gains as Iran talks teeter

By Wayne Cole SYDNEY, May 11 (Reuters) - The dollar climbed in Asia on Monday on signs that talks between the United States and Iran were deadlocked, leaving the vital Strait of Hormuz all but shut and sending oil prices higher. U.S. stock futures wobbled ...
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Dollar strengthens as Trump says Iran peace offer ‘unacceptable’

By Gregor Stuart Hunter SINGAPORE, May 11 (Reuters) - The dollar advanced against its major peers in early Asia trade on Monday, supported by strong U.S. jobs data released late last week and as the U.S.-Iran ceasefire hung by a thread, boosting demand for the ...
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Apollo in talks to sell $3 billion private credit fund, WSJ reports

May 10 (Reuters) - Apollo Global Management has held talks to sell MidCap Financial Investment, its publicly listed business development company focused on private credit, the Wall Street Journal reported on Sunday, citing people familiar with the matter. Apollo values the fund, known as MFIC, ...
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