Ingredion (NYSE:INGR) reported a weaker-than-expected first quarter of 2026, as operational problems at its Argo facility weighed heavily on results in its Food & Industrial Ingredients U.S. Canada segment, while its Texture & Healthful Solutions business continued to post volume
Ingredion (NYSE:INGR) reported a weaker-than-expected first quarter of 2026, as operational problems at its Argo facility weighed heavily on results in its Food & Industrial Ingredients U.S. Canada segment, while its Texture & Healthful Solutions business continued to post volume
Bearish yen positions have seen a significant reduction after Japanese authorities intervened to support the currency, underscoring how official action is unwinding a crowded trade. Leveraged funds trimmed net short yen positions in the week through May 5, according to Commodity Futures Trading Commission data. They now hold net short positions of 61,340 contracts, worth about $4.9 billion — the s...
Bearish yen positions have seen a significant reduction after Japanese authorities intervened to support the currency, underscoring how official action is unwinding a crowded trade. Leveraged funds trimmed net short yen positions in the week through May 5, according to Commodity Futures Trading Commission data. They now hold net short positions of 61,340 contracts, worth about $4.9 billion — the smallest in a month. Asset managers also cut short positions by 13,839 contracts to 10,653. “Intervention risk and strong official warnings made it unattractive to chase weakness near 160,” said Stefan Rittner , senior portfolio manager at Allianz Global Investors, who is neutral on dollar-yen. Still, “persistent structural headwinds limit the case for a sustained yen rebound despite the cheap valuation,” and further intervention risk should rise again if dollar-yen approaches prior levels. The pullback followed multiple rounds of intervention by Japanese authorities starting April 30 and through the Golden Week holiday, totaling as much as about ¥10 trillion , according to a Bloomberg analysis of Bank of Japan accounts. While refraining from confirming the intervention, Japan’s top currency official Atsushi Mimura said authorities are prepared to respond on all fronts to speculative moves, adding that the International Monetary Fund rules don’t limit how often intervention can be conducted. The yen touched a 10-week high of 155.04 per dollar on Wednesday before paring gains. While intervention has forced a shakeout in yen shorts, it has done little to change the underlying narrative, analysts say . That raises the risk of renewed bearish positioning and further intervention if the currency drifts back toward 160 per greenback. Japan’s currency fell as much as 0.2% to 157.06 yen per dollar on Monday.
US President Donald Trump will pay a state visit China from May 13 to 15, at the invitation of President Xi Jinping, the foreign ministry in Beijing said on Monday. It will be the first visit to China by a US president in almost nine years and comes at a time of heightened tensions between the two countries over a range of issues. It also coincides with the fragile US-Iran ceasefire and the blocka...
US President Donald Trump will pay a state visit China from May 13 to 15, at the invitation of President Xi Jinping, the foreign ministry in Beijing said on Monday. It will be the first visit to China by a US president in almost nine years and comes at a time of heightened tensions between the two countries over a range of issues. It also coincides with the fragile US-Iran ceasefire and the blockade of the Strait of Hormuz, which is pushing up energy costs and weighing on the global...
(RTTNews) - The China stock market on Friday ended the four-day winning streak in which it had advanced more than 100 points or 2.5 percent. The Shanghai Composite Index now sits just beneath the 4,180-point plateau and it's expected to open to the upside on Monday.
(RTTNews) - The China stock market on Friday ended the four-day winning streak in which it had advanced more than 100 points or 2.5 percent. The Shanghai Composite Index now sits just beneath the 4,180-point plateau and it's expected to open to the upside on Monday.
Two of the main electric-vehicle stocks haven't had a great start to 2026. Year to date, shares of Tesla (NASDAQ: TSLA) are down about 13%, while Rivian Automotive (NASDAQ: RIVN) is off roughly 24% -- including a sharp drop on Friday after the smaller automaker's first-quarter earnings report. But could sentiment toward these two stocks improve? Now's a good time to look at both stocks, as each co...
Two of the main electric-vehicle stocks haven't had a great start to 2026. Year to date, shares of Tesla (NASDAQ: TSLA) are down about 13%, while Rivian Automotive (NASDAQ: RIVN) is off roughly 24% -- including a sharp drop on Friday after the smaller automaker's first-quarter earnings report. But could sentiment toward these two stocks improve? Now's a good time to look at both stocks, as each company has now delivered fresh first-quarter results. Additionally, with both stocks trading well below where they started the year, this is a good time to figure out which is the better growth stock to buy now. Image source: Tesla. Continue reading
Thailand’s former prime minister Thaksin Shinawatra was released from prison on parole on Monday, raising the prospect of a return to the spotlight for the political heavyweight. The 76-year-old telecoms billionaire has been serving a one-year prison sentence for corruption since September. He is required to wear an electronic monitor until his probation ends in four months. His hair closely cropp...
Thailand’s former prime minister Thaksin Shinawatra was released from prison on parole on Monday, raising the prospect of a return to the spotlight for the political heavyweight. The 76-year-old telecoms billionaire has been serving a one-year prison sentence for corruption since September. He is required to wear an electronic monitor until his probation ends in four months. His hair closely cropped and in a simple white shirt, Thaksin walked out of prison around 7.40am and was immediately...
Cigarette butts will be considered “strong evidence” of a possible breach under a proposed construction site smoking ban, Hong Kong’s labour chief has said, even as he sought to reassure contractors that preventive measures could shield them from the maximum HK$400,000 (US$51,070) fine. Secretary for Labour and Welfare Chris Sun Yuk-Han revealed further details about the ban in an interview with t...
Cigarette butts will be considered “strong evidence” of a possible breach under a proposed construction site smoking ban, Hong Kong’s labour chief has said, even as he sought to reassure contractors that preventive measures could shield them from the maximum HK$400,000 (US$51,070) fine. Secretary for Labour and Welfare Chris Sun Yuk-Han revealed further details about the ban in an interview with the South China Morning Post held amid an inquiry into the deadly Wang Fuk Court blaze, which heard...