Here are the top stories and upcoming coverage plans for Reuters text service as of 6 a.m. GMT/2 p.m. SGT. For a full schedule of news and events, go to our editorial calendar on Reuters Connect.
TOP STORIES
GLOBAL
UKRAINE-CRISIS/
Russian strikes kill two in Ukraine, damage dozens of buildings
PAVLOHRAD, Ukraine, May 1 (Reuters) - Russia unleashed a fresh volley of missiles on Ukraine overnight in a city in the east, killing two people, setting off huge blazes and damaging dozens of homes and other buildings.
ADB-MEETING/
Japan, South Korea resume finance dialogue amid geopolitical tensions
INCHEON, South Korea, May 2 (Reuters) - Japan and South Korea held their first finance leaders' meeting in seven years on Tuesday and agreed to resume regular dialogue, as tensions in the region and slowing growth prod them to increase co-operation and mend strained relations.
U.S.
FIRST REPUBLIC-FDIC/
Regulators seize First Republic Bank, sell assets to JPMorgan
Regulators seized First Republic Bank and sold its assets to JPMorgan Chase & Co on Monday, in a deal to resolve the largest U.S. bank failure since the 2008 financial crisis and draw a line under a lingering banking turmoil.
USA-DEBT/
US may default on June 1 without debt ceiling hike; Biden, McCarthy to meet
WASHINGTON, May 1 (Reuters) - U.S. President Joe Biden on Monday summoned the four top congressional leaders to the White House next week after the Treasury warned the government could run short of cash to pay its bills by June.
BUSINESS
ASIA-ECONOMY/
IMF raises Asia's economic forecast on China recovery, warns of risks
The International Monetary Fund (IMF) raised Asia's economic forecast on Tuesday as China's recovery underpinned growth, but warned of risks from persistent inflation and global market volatility driven by Western banking-sector woes.
AUSTRALIA-ECONOMY/
Australia central bank stuns with 25-bps hike, warns more might be needed
SYDNEY, May 2 (Reuters) - Australia's central bank on Tuesday stunned markets by raising its cash rate 25 basis points when traders had looked for an extended pause, saying inflation was way too high and warned that even further tightening may be needed to bring it to heel.
ENTERTAINMENT
TELEVISION-WRITERS/
Hollywood writers to strike as streaming shift upends TV business
LOS ANGELES, May 1 (Reuters) - Thousands of film and television writers will go on strike starting Tuesday, throwing Hollywood into turmoil as the entertainment business grapples with seismic changes triggered by the global streaming TV boom.
PEOPLE-GORDON LIGHTFOOT/
Canadian singer-songwriter Gordon Lightfoot dies at 84
Canadian musician Gordon Lightfoot, the prolific singer-songwriter known for such folk-pop hits as "If You Could Read My Mind" and "The Wreck of the Edmund Fitzgerald," died on Monday in a Toronto hospital.
SPORTS
SOCCER-ENGLAND-LEI-EVE/
Leicester and Everton slug out draw in relegation battle
LEICESTER, England, May 1 (Reuters) - Leicester City and Everton remain deep in relegation trouble after slugging out a 2-2 draw in a gripping basement battle at a raucous King Power Stadium on Monday.
TENNIS-DJOKOVIC/
Djokovic able to play at US Open as vaccine mandate set to end
World number one Novak Djokovic will be able to compete at the U.S. Open this year after the U.S. government said on Monday it will end its COVID-19 vaccination requirements for international travellers on May 11.
UPCOMING EVENTS
BUSINESS / ECONOMICS
AUTOS-MERCEDES/ELECTRIC (TV)
In race for efficient EVs, Mercedes taps F1 team to keep up with Tesla
Mercedes-Benz has plugged its Formula One team into the engineering process to build vastly more efficient mass-market electric vehicles (EVs) and slash product lead times by 25% or more to jump start its effort to keep pace with Tesla.
2 May 02:00 ET / 06:00 GMT
ZIMMER BIOMET-RESULTS/
Zimmer Biomet Holdings Inc Q1 earnings
Zimmer Biomet Holdings Inc is scheduled to report first quarter earnings before markets open on Tuesday. Investors and analysts will focus on any changes to its full year forecast and comments on the medical device maker's new surgical robot and smart knee implant.
2 May 02:30 ET / 06:30 GMT
AMERISOURCEBERGE-RESULTS/
AmerisourceBergen to report second-quarter earnings
AmerisourceBergen Corp is expected to report second-quarter earnings on Tuesday before markets open. Investors will likely focus on any additional commentary regarding diversification of its specialty platform, including the most recent acquisition of minority stake in OneOncology.
2 May 02:30 ET / 06:30 GMT
USA-ECONOMY/LABOR (PIX) (GRAPHIC)
Perfect storm in Minnesota labor market is worrying harbinger for the Fed
Demand for Daikin Applied Americas Inc's climate control equipment is soaring, and worker recruitment is in hyperdrive, with hiring trips to women's shelters and immigrant support groups and an open door for applicants with no high school degree and no manufacturing experience.
2 May 06:00 ET / 10:00 GMT
USA-DEBT/BIDEN-CONGRESS
Biden travel, Congress recess to squeeze debt limit timeline even more
For months, the U.S. crisis over the debt limit has been a political abstraction. Not anymore.If the U.S. government really is set to run out of money to pay some of its bills by June 1, U.S. President Joe Biden and Republicans have just seven working days to craft a deal.
2 May 06:00 ET / 10:00 GMT
DUPONT DE-RESULTS/
Q1 2023 Dupont De Nemours Inc Earnings Release
DuPont de Nemours Inc is expected to post lower first-quarter profit as the chemicals and materilas maker navigated subdued demand and cost pressure. Investors would be looking for comments around full year outlook and "forever chemical" trial.
2 May 06:00 ET / 10:00 GMT
PFIZER-RESULTS/
Pfizer reports first-quarter earnings
Pfizer Inc is set to report first quarter earnings before markets open. Investors will watch out for the COVID-19 products sales during the quarter and any changes to the drugmaker's full-year outlook. Focus will also be on comments around any updates on the Seagen acquisition and anticipated product launches for 2023.
2 May 06:45 ET / 10:45 GMT
UBER-RESULTS/
Uber Technologies Inc to report Q1 earnings
Uber Technologies is expected to report a rise in first-quarter revenue, gaining from post-COVID re-openings and return of passenger traffic.
2 May 07:00 ET / 11:00 GMT
MOLSON COORS-RESULTS/
Molson Coors Beverage Co Q1 2023 Earnings
Coors Light parent Molson Coors Beverage Co is expected to report a rise in first-quarter revenue, benefitting from resilient demand for its mainstream and economical beers. Investors will watch for the management’s comments on annual outlook as well as the impact of inflation-driven higher costs of materials, energy, and transportation on its margins.
2 May 07:00 ET / 11:00 GMT
AERCAP-RESULTS/
AerCap Q1 results
First quarter results and updated outlook from world's largest aircraft lessor
2 May 07:00 ET / 11:00 GMT
INCYTE-RESULTS/
Incyte Corp Q1 2023 Earnings
Incyte scheduled to report first quarter earnings before markets open on Tuesday. Investors and analysts will focus on any changes to its full year forecast and comments on sales of its skin treatment, Opzelura and blood disorder drug, Jakafi
2 May 07:00 ET / 11:00 GMT
SYSCO-RESULTS/
Q3 2023 Sysco Corp Earnings Release
Food distributor Sysco Corporation is expected to post a fall in quarterly revenue, hurt by softer demand for its seafood and imported foods as consumers grapple with rising prices. Investors will be watching for company's forecast, comments on current demand trends amid threats of a recession, inventory mix, higher costs and inflation.
2 May 08:00 ET / 12:00 GMT
PFIZER-RESULTS/ (PIX)
Q1 2023 Pfizer Inc Earnings Release
Estimated time. Expected before market open (BMO).
2 May 08:30 ET / 12:30 GMT
REP FIRST BANCP-RESULTS/
Q4 2022 Republic First Bancorp Inc Earnings Release
Estimated time. Expected before market open (BMO).
2 May 08:30 ET / 12:30 GMT
THOMSONREUTERS-RESULTS/ (PIX)
Q1 2023 Thomson Reuters Corp Earnings Release
Estimated time. Expected before market open (BMO).
2 May 08:30 ET / 12:30 GMT
RSTRNT BRND-RESULTS/
Restaurant Brands International Inc Q1 2023 Earnings
Restaurant Brands International Inc is expected to post a rise in first-quarter revenue on Tuesday, boosted by higher prices and strong demand at its Tim Hortons and Burger King chains. Investors will look out for comments on demand in China, raw material and labor costs as well as a shift in consumer spending.
2 May 08:30 ET / 12:30 GMT
USA-OIL/M&A (PIX)
US shale patch mergers for first quarter
U.S. oil and gas dealmaking slipped in the first quarter and average dollar value of mergers and acquisitons shriveled.
2 May 10:30 ET / 14:30 GMT
USA-TREASURY/ANNOUNCEMENT
Treasury Dept. announces weekly sales of 4-, 8- and 17-week bills
Treasury Dept. announces weekly sales of 4-, 8- and 17-week bills
2 May 11:00 ET / 15:00 GMT
USA-COMPANIES/TRANSCRIPTS
'Recession' talk tapers off on latest quarterly conference calls
While Wall Street frets that the Federal Reserve's aggressive interest rate hikes will tip the U.S. economy into a recession, discussions on recent quarterly conference calls hint that corporations and analysts have become a bit less concerned.
2 May 12:30 ET / 16:30 GMT
MATCH GRP-RESULTS/
Match Group Reports First Quarter Results
Match Group is set to report a marginal drop in quarterly revenue as a tough economy pinches consumers' wallets. Analysts will be looking for insights on how consumer spending is holding up.
2 May 16:00 ET / 20:00 GMT
AMD-RESULTS/
Advanced Micro Devices Inc Reports First Quarter Results
Advanced Micro Devices is expected to report a drop in quarterly revenue hurt by a slump in personal computer market and slowing data center business.
2 May 16:00 ET / 20:00 GMT
LIVENT-RESULTS/
Livent Corp quarterly results
U.S. lithium producer Livent Corp is set to post quarterly results.
2 May 16:00 ET / 20:00 GMT
FORD MOTOR-RESULTS/ (PIX)
Q1 2023 Ford Motor Co Earnings Release
2 May 16:05 ET / 20:05 GMT
SIMON PROP GRP-RESULTS/
Simon Property Group Inc Q1 2023 Earnings Release
U.S. mall operator Simon Property Group is expected to post a rise in first quarter revenue as tenant demand and occupancy trends remains stable. Investors will look out for comments from the company on impact from inflation, any shift in consumer spending, development activities and any forecast the company provides.
2 May 16:05 ET / 20:05 GMT
STARBUCKS-RESULTS/
Starbucks Corp Q2 2023 Earnings Release
Starbucks is expected to report a rise in quarterly same-store sales, as its new menu items and service improvements continue to draw Americans, while a recovery in China further boosts sales. The company's expectations for 2023, comments on margins, expansion plans and any updates on the unionization of its workers will be on top of investors' minds.
2 May 16:05 ET / 20:05 GMT
CLOROX-RESULTS/
Clorox Co Q3 2023 Earnings Release
Clorox Co is expected to post a rise in third quarter revenue banking on price hikes that helped it offset a slowdown in demand for its cleaning products and disinfectants. Investors will look out for comments on shift in consumer spending, impact from inflation, cost-saving initiatives, any further layoffs and any forecast that the company provides.
2 May 16:15 ET / 20:15 GMT
STARBUCKS-RESULTS/ (PIX)
Q2 2023 Starbucks Corp Earnings Release
Estimated time. Expected after market close (AMC).
2 May 19:00 ET / 23:00 GMT
CRIME / LAW / JUSTICE
UGANDA-LGBT/ (PIX) (TV)
Uganda lawmakers reconsider LGBT bill after president sought changes
Ugandan lawmakers will debate changes to a proposed anti-LGBT law after President Yoweri Museveni asked them to tone it down, including clarifying that it is not criminal to merely identify as gay. In March, members of parliament voted overwhelmingly to pass the legislation, which criminalises a broad range of homosexual activity and imposes stiff penalties, including in some cases the death penalty.
2 May 03:00 ET / 07:00 GMT
USA-COURT/SENATE (PIX) (TV)
Senate panel examines US Supreme Court ethics as questions swirl
Ethics concerns relating to U.S. Supreme Court justices are scrutinized by Senate panel during hearing called after revelations about luxury trips and real estate transactions involving members of nation's top judicial body that were not disclosed to public or lawmakers.
2 May 10:00 ET / 14:00 GMT
POLITICS / INTERNATIONAL AFFAIRS
CLIMATE-CHANGE/GERMANY CONFERENCE BAERBOCK (TV)
Germany, UAE host Petersberg Climate Conference in Berlin
German Foreign Minister Annalena Baerbock and the designated COP 28 Climate Conference president, UAE's Sultan Al Jaber host a two-day "Petersberg Climate Conference" at Berlin's foreign ministry.
2 May 04:00 ET / 08:00 GMT
SUDAN-POLITICS/UN (TV)
U.N. agencies brief media on the situation in Sudan
U.N. agencies hold a bi-weekly briefing in Geneva on the humanitarian situation in Sudan as hundred people have been killed and thusands wounded since the fighting began on April 15.
2 May 04:30 ET / 08:30 GMT
CLIMATE-CHANGE/GERMANY CONFERENCE OPENING (TV)
UN's Guterres opens Berlin Petersberg Climate Conference
U.N. Secretary General Antonio Guterres delivers an opening statement via video link to the Petersberg Climate Conference before German Foreign Minister Annalena Baerbock takes the floor, followed by Egyptian counterpart Sameh Shoukry and the UAE’s designated COP28 president, Sultan Al Jaber.
2 May 04:30 ET / 08:30 GMT
BRITAIN-ROYALS/CORONATION-MEMORIES (PIX) (TV)
WIDER IMAGE - King Charles' coming coronation stirs memories of queen 70 years ago
People share their memories of the Queen’s Coronation as the nation prepares for the Coronation of the new King. Interviews and photographs of elderly people living in England that will share their stories of how they spent the day Britain’s Queen Elizabeth II was crowned in June 1953 and discuss how Britain has changed since, what King Charles will do for the country and how that will differ from his mother.
2 May 06:00 ET / 10:00 GMT
COLUMN-MILLER/RETIREMENT (PIX)
Inflation and the markets take a bite out of retirement confidence
The U.S. economy is in much better shape today than it was during the Great Recession. But persistent inflation and last year’s sharp stock market decline have shaken the confidence of American workers and retirees about their retirement prospects in a way not seen since 2008. That is the key finding of the 2023 Retirement Confidence Survey - the longest-running survey of its kind measuring worker and retiree confidence.
2 May 06:00 ET / 10:00 GMT
USA-DEBT/14TH AMENDMENT
Could Biden bypass Congress on the debt ceiling?
The divided U.S. Congress is running out of time to raise the federal government's $31.4 trillion debt ceiling, with the Treasury Department warning it could be unable to pay its bills by as soon as June 1. If Congress fails to act, some legal experts say Democratic President Joe Biden has another option to avert a crisis: invoke the 14th Amendment to the U.S. Constitution to ensure the United States can continue to pay its bills.
2 May 06:00 ET / 10:00 GMT
TURKEY-ELECTION/ERDOGAN
Turkey's Erdogan speaks at election rally and opening ceremony ahead of key votes on May 14
With less than two weeks to go to Turkey's elections, President Tayyip Erdogan holds an election rally in the southern province of Antalya. He also speaks at an opening ceremony for a dam and power station project in the central province of Konya (1400 GMT).
2 May 07:00 ET / 11:00 GMT
UN-RIGHTS/ (TV)
U.N. states to review human rights records of Mali
Mali will defend its record before the Geneva Human Rights Council where the role of Wagner in alleged violations is due to be raised. Minister of Justice Mamadou Kassogu due to speak for Mali.
2 May 08:30 ET / 12:30 GMT
DISASTERS / ACCIDENTS
NEW MEXICO-WILDFIRE/RECOVERY (PIX)
New Mexico rivers rage, fields dry after slow federal fire aid
New Mexico rivers are raging after higher-than-average snowpack but communities hit by the state's largest ever wildfire cannot get water to their fields and fear flooding after slow federal aid.
2 May 07:00 ET / 11:00 GMT
