AP Top Extended Financial Headlines at 10:20 p.m. EDT

Associated Press Finance

Tue, May 6, 2025, 9:00 PM

The Federal Reserve kept its key interest rate unchanged Wednesday, brushing off President Donald Trump’s demands to lower borrowing costs, and said that the risks of higher unemployment and higher inflation have risen

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CATL may offer less than 10% discount for $5 billion Hong Kong listing, sources say

HONG KONG (Reuters) -Prospective investors in CATL's upcoming $5 billion Hong Kong listing have been told the stock may be sold at a less than 10% discount to the Chinese battery maker's Shenzhen-listed shares, according to three sources with direct knowledge of the matter. CATL, whose automaker clients include Tesla and Stellantis, is meeting investors ahead of launching the book building for the deal next week that could be the largest new share sale in Hong Kong for four years. Investors are pushing CATL to price the Hong Kong shares at least 10% below the Shenzhen-traded stock, one of the sources and a fourth person told Reuters.

Reuters 22 hours ago
Trump tariffs ‘risk forcing Britons to delay retirement’

Tens of thousands of British workers will be forced to delay retirement or even go back to work because of the market turmoil triggered by Donald Trump’s trade war, experts have warned.

The Telegraph 21 hours ago
Dollar retains strength against peers after Fed rate decision

NEW YORK (Reuters) -The U.S. dollar remained slightly stronger against major currencies including the yen and the euro on Wednesday after the Federal Reserve left interest rates unchanged, in line with market expectations. The Fed kept its benchmark interest rate steady in the 4.25%-4.50% range, but said that the risks of higher inflation and unemployment had risen and that the U.S. economic outlook remains uncertain. "They were a little more hawkish than a lot of the market expected and they didn't really change or water down any of the views on inflation being above average or the jobs market selling at a low level," said Marvin Loh, senior global market strategist at State Street in Boston.

Reuters 23 hours ago
Major central banks' easing push slows to a trickle in April

The rush to cut interest rates at major central banks slowed to a trickle in April, as policymakers faced uncertainty on the outlook for economic growth and inflation in the wake of escalating trade tensions. Rate setters in Australia, Japan and Canada left benchmarks unchanged, while central banks in Sweden, Switzerland, Norway, Britain and the United States did not meet in April. In February, half of the G10 central banks cut interest rates.

Reuters 18 hours ago
New Hampshire just became the first state to establish a crypto reserve

New Hampshire is the first state to approve purchases of digital assets by its state treasurer. Bills have surfaced in other states but have lost steam.

Business Insider yesterday
Mitsubishi Motors signs MOU to outsource EV model development to Foxconn unit

TOKYO (Reuters) -Japanese automaker Mitsubishi Motors and Foxconn subsidiary Foxtron Vehicle Technologies have signed a memorandum of understanding for the supply of an electric vehicle model, the companies said on Wednesday. The EV model will be developed by Foxtron, manufactured in Taiwan by automaker Yulon and introduced in the Oceania region in the second half of 2026, Mitsubishi Motors said in a statement. "Mitsubishi Motors and Foxtron will proceed with discussions towards a definitive agreement," Mitsubishi Motors said.

Reuters 21 hours ago

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CATL may offer less than 10% discount for $5 billion Hong Kong listing, sources say

Trump tariffs ‘risk forcing Britons to delay retirement’

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Major central banks' easing push slows to a trickle in April

New Hampshire just became the first state to establish a crypto reserve

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