REUTERS NEWS SCHEDULE AT 10:00 a.m. GMT/2:00 a.m. ET

Author Logo | Wed, 24 May 2023 10:00:14 GMT

Here are the top stories and upcoming coverage plans for Reuters text service as of 10:00 a.m. GMT/2:00 a.m. ET. For a full schedule of news and events, go to our editorial calendar on Reuters Connect.

TOP STORIES

GLOBAL

BRITAIN-ECONOMY/INFLATION

UK inflation falls by less than expected, heaping pressure on BoE

LONDON, May 24 (Reuters) – Britain’s stubbornly high inflation rate fell by less than expected last month and a closely watched measure of core price rises surged to a 31-year high, according to official data that raised the chances of more interest rate hikes.

CHINA-RUSSIA/

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Russia, China seal economic pacts despite Western disapproval

BEIJING, May 23 (Reuters) – Russia’s prime minister signed a set of agreements with China on Wednesday during a trip to Beijing, describing bilateral ties at an unprecedented high, despite disapproval from the West of their relationship as the war in Ukraine dragged on.

U.S.

MICRON TECH-CHINA/USA-HOUSE

US lawmaker demands action against Chinese chip firm CXMT after Micron

WASHINGTON, May 23 (Reuters) – The U.S. Commerce Department should put trade curbs on Chinese memory chip maker Changxin Memory Technologies (CXMT) after Beijing earlier this week banned the sale of some chips by U.S.-based Micron Technology Inc, the chair of the U.S. House of Representatives’ committee on China said on Tuesday.

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USA-ABORTION/SOUTH CAROLINA

South Carolina lawmakers pass six-week abortion ban, send to governor

South Carolina lawmakers on Tuesday passed a ban on most abortions after fetal cardiac activity begins, around six weeks.

BUSINESS

M&S-RESULTS/

M&S says strategy ‘beginning to deliver’ as dividend set to resume

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LONDON, May 24 (Reuters) – Marks & Spencer expects its profit for the current financial year to be higher than previously thought as its so far successful turnaround plan helps to offset higher labour and energy costs.

BRITAIN-BANKS/CMA

Deutsche, Citi admit anti-competitive bond market activity in UK probe

LONDON, May 24 (Reuters) – Deutsche Bank and Citigroup admitted anti-competitive activity by exchanging sensitive information on UK government bonds between 2009 and 2013, Britain’s anti-trust watchdog said, as it provisionally found five banks in breach of competition rules.

SPORTS

ITALY-ANTITRUST/SOCCER

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Italy’s soccer association probed over amateur youth tournaments

ROME, May 24 (Reuters) – The Italian soccer association (FIGC) is facing an investigation by the country’s antitrust authority in a dispute over the running of youth tournaments, the authority said on Wednesday.

SOCCER-ENGLAND-EVE/

Everton seeking another emotional last-day escape

LONDON, May 24 (Reuters) – Everton go into their final-day fixture at home to Bournemouth on Sunday with their proud 69-year presence in the top flight of English football depending on a repeat of the two last-day escapes of the 1990s that are part of the club’s folklore.

UPCOMING

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ARTS / CULTURE / ENTERTAINMENT

FILMFESTIVAL-CANNES/ (PIX) (TV)

Cannes Film Festival 2023

Photocalls, news conferences and red carpet during the 76th Cannes Film Festival

May 25

BUSINESS / ECONOMICS

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KOHLS-RESULTS/

Kohl’s Corp Q1 2024 Earnings

Kohl’s Corp is expected to post a decline in first-quarter net sales on Wednesday, as price-conscious customers cut down spending on non-essential items. Investors will look out for comments on the company’s annual forecast, margin pressure from excess inventory, headwinds from cost inflation and its price actions as well as any benefit from easing freight costs.

24 May 07:00 ET / 11:00 GMT

ABERCROMBIE-RESULTS/

Abercrombie & Fitch Co Q1 2023 Earnings

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Abercrombie & Fitch is expected to post an increase in first-quarter revenue helped by steady demand for its product assortments even as inflation pinches household budgets. Investors will watch out for comments on consumer spending, impact from inflation, margin recovery and any forecast update that the apparel maker provides.

24 May 07:30 ET / 11:30 GMT

MEXICO-ECONOMY/INFLATION

Mexico-Inflation

Mexico’s statistics agency reports half-month inflation data for May after the country’s central bank paused interest rate hikes. Economists polled by Reuters foresee the headline index falling 0.19% in the period, while 12-month inflation is seen reaching 6.15%.

24 May 08:00 ET / 12:00 GMT

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REP FIRST BANCP-RESULTS/

Q4 2022 Republic First Bancorp Inc Earnings Release

Estimated time. Expected before market open (BMO).

24 May 08:30 ET / 12:30 GMT

USA-TREASURY/AUCTION

Treasury Dept. sells 17-week bills, 2-year FRNs

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Treasury Dept. sells 17-week bills, 2-year floating rate notes.

24 May 11:30 ET / 15:30 GMT

USA-AAR/LOADINGS

AAR issues weekly traffic of major railroads

Association of American Railroads issues its weekly traffic of major railroads data.

24 May 12:00 ET / 16:00 GMT

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USA-FED/WALLER

Federal Reserve Board Governor Waller speaks on economic outlook

Federal Reserve Board Governor Christopher Waller speaks on economic outlook before the University of California Santa Barbara conference: 2023 Santa Barbara County Economic Summit, in Santa Barbara, Calif.

24 May 12:10 ET / 16:10 GMT

AMERICANEAGLEOUTFITTERS-RESULTS/

American Eagle Outfitters Inc Q1 2023 Earnings

Apparel chain American Eagle Outfitters Inc is expected to report a rise in first-quarter sales benefitting from strong demand for its wide legs and cargo outfits. Investors will also watch for the management’s comments on annual outlook and the impact of higher distribution and warehousing costs on its margins amid falling product and freight costs.

24 May 16:15 ET / 20:15 GMT

NVIDIA-RESULTS/

NVIDIA Corp Reports First Quarter Results

Nvidia Corp is expected to report a decline in quarterly revenue hurt by a slowdown in demand for gadgets and a chip supply glut.

24 May 19:00 ET / 23:00 GMT

SINGAPORE-ECONOMY/GDP

Singapore releases Q1 GDP data

Singapore releases its final GDP data for the first quarter of 2023. Preliminary data released in April showed the economy of the Southeast Asian financial hub grew slower than expected in the first quarter. GDP was up 0.1% in the January to March period on a year-on-year basis.

25 May 20:00 ET / 00:00 GMT

TUNISIA-HARVEST/ (PIX) (TV)

Tunisian farmers watch their wheat wither

With a bad rain season, Tunisian farmers braced for little yield of their crops this spring, harvesting early to salvage some animal feed, with the state already struggling to afford wheat imports.

May 25

JAPAN-SRI LANKA/KISHIDA (PIX)

Japan PM Kishida to meet Sri Lanka president to discuss debt restructuring

During his stay in Japan, President Wickremesinghe plans to meet Premier Fumio Kishida and Finance Minister Shunichi Suzuki, to exchange views on, bilateral relations between Japan and Sri Lanka, and regional and international affairs as the international society is scrambling to help the Southern Pacific island nation restructure its debt. Furthermore, President Wickremesinghe is scheduled to attend the Nikkei Forum 28th Future of Asia.

May 25

GRAINS-ARGENTINA/EXCHANGE

Buenos Aires Grains Exchange publishes weekly crop forecast report

May 25

POLITICS / INTERNATIONAL AFFAIRS

AUSTRIA-POLITICS/

Weekly Austrian cabinet meeting

Ministers hold a news conference after Austria’s weekly cabinet meeting.

24 May 06:15 ET / 10:15 GMT

BRITAIN-POLITICS/PMQS (PIX) (TV)

PM takes questions in parliament

British Prime Minister Rishi Sunak takes questions in parliament.

24 May 07:00 ET / 11:00 GMT

FRANCE-POLITICS/BORNE

French PM to seek ban of parts of book on her private life in court hearing

A French court reviews a case brought forward by French Prime Minister Elisabeth Borne, who seeks to have some chapters in a book about her life banned in future editions. The book, called “La Secrete” (The Secretive One), was published on May 4 and mentions rumours about her alleged homosexuality, which she denies.

24 May 07:30 ET / 11:30 GMT

UKRAINE-CRISIS/NATO (TV)

NATO’s Stoltenberg speaks at Brussels Forum

NATO Secretary-General Jens Stoltenberg speaks at Brussels Forum organised by German Marshall Fund

24 May 08:45 ET / 12:45 GMT

USA-CHINA/CONGRESS

US congressional committee votes on China reports

U.S. House of Representatives Select Committee on the Chinese Communist Party holds business meeting to consider adopting committee reports related to Taiwan and China’s treatment of the Uyghur Muslim minority. Followed by press availability with the committee’s chairman, Republican Representative Mike Gallagher.

24 May 09:30 ET / 13:30 GMT

USA-DEFENSE/CONGRESS-CHINA

US congressional committee holds hearings on weapons exports, China

Assistant Secretary of State Jessica Lewis and Assistant Secretary of Defense Mara Karlin testify to the U.S. House Foreign Affairs Committee on Modernizing U.S. Arms Exports and a stronger AUKUS.

24 May 10:00 ET / 14:00 GMT

UKRAINE-CRISIS/NATO (TV)

NATO’s Stoltenberg meets Latvian PM Karins in Brussels

NATO Secretary-General Jens Stoltenberg receives Latvia’s Prime Minister Krisjanis Karins at NATO HQ in Brussels. There will be a press conference at 17.15 CEST

24 May 11:15 ET / 15:15 GMT

USA-MUTUALFUNDS/ICI (PIX) (TV)

ICI reports weekly fund flows

The Investment Company Institute reports weekly flows into mutual funds and exchange-traded funds.

24 May 12:00 ET / 16:00 GMT

FLORIDA-LGBT/PRIDE

Gay pride events in Florida follow legislation some view as anti-LGBTQ

Gay pride events in Florida this year are being embraced as declarations of resilience in the wake of Florida Gov. Ron DeSantis’ signing of several bills some view as anti-LGBTQ.

May 25

SPAIN-ELECTION/TOURISM (PIX)

Spain’s mass tourism in candidates’ crosshairs in election year

Mass tourism regulation has surfaced as a political hot-button topic in Spain, the world’s second most-visited country, as it prepares to hold regional and local elections on May 28 and tourism arrivals near pre-pandemic levels, foretelling a robust summer season where Spain’s streets and beaches will once again be packed with visitors

May 25

SCIENCE / TECHNOLOGY

SPACE-EUROPE/

Danish astronaut warns Europe to not fall behind in space

Europe is at risk of falling behind in the global space race and missing out on key technologies, Danish astronaut Andreas Mogensen said in an interview ahead of his second trip into space onboard Elon Musk’s next SpaceX mission in August.

24 May 07:00 ET / 11:00 GMT

SPACE-EXPLORATION/CHINA-SHENZHOU (TV)

China expected to launch Shenzhou-16 mission to space station

China is expected to launch the Shenzhou-16 mission in late May, sending three astronauts to the Chinese space station for an in-orbit crew rotation.

May 25

SOUTHKOREA-SPACE/ (TV)

South Korea launches homegrown space rocket Nuri

After a failure of the first attempt on Wednesday, South Korea conducts its third launch of its homegrown space rocket Nuri, which is loaded with multiple satellites. In its second attempt in June last year, South Korea managed to successfully launch its homegrown rocket and placed dummy satellites into orbit.

May 25

CRIME / LAW / JUSTICE

USA-JUSTICE/WHITECOLLAR

Conference on white collar crime featuring federal prosecutors

Department of Justice officials including criminal division chief Kenneth Polite and the head of the KleptoCapture task force targeting Russian oligarchs, Andrew Adams, will speak at a conference on white collar crime hosted by the New York City bar.

24 May 09:00 ET / 13:00 GMT

CONFLICTS / WAR / PEACE

MALAYSIA-DEFENCE/ (PIX) (TV)

Langkawi International Maritime and Aerospace Exhibition

Langkawi International Maritime and Aerospace (LIMA) exhibition 2023 takes place in Langkawi, Malaysia.’

May 25

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