REUTERS NEWS SCHEDULE AT 6 A.M. GMT/ 2 P.M. SGT

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

USA-FED/

Fed likely to hike rates, hint at pause in tightening cycle

WASHINGTON, May 3 (Reuters) – The Federal Reserve is expected on Wednesday to raise interest rates and perhaps signal a pause in its 14-month tightening cycle, as policymakers balance the need to slow inflation against a pressing set of risks ranging from bank failures to the possibility of a U.S. debt default as soon as next month.

UKRAINE-CRISIS/

Ukraine says Dnipro hit by Russian strikes but most drones destroyed

Russia launched a third nightly round of attacks on Kyiv in six days, authorities in the Ukrainian capital said on Wednesday, with a drone hitting a building in the Dnipropetrovsk region as Moscow steps up attacks on its neighbour.

U.S.

USA-DEBT/

US Senate Republicans, Democrats squabble over debt ceiling as deadline nears

WASHINGTON, May 2 (Reuters) – Top U.S. Senate Republicans on Tuesday called on President Joe Biden to accept their party’s debt-ceiling package or make a counter-offer, while a top Democrat said the Senate might try to advance a “clean” debt-ceiling hike next week.

USA-ABORTION/

North Carolina Republicans reach agreement on 12-week abortion ban

Republican lawmakers in North Carolina said on Tuesday they had reached agreement on a plan to limit most abortions to the first trimester of pregnancy, a sharp drop from the state’s current limit of 20 weeks gestation.

BUSINESS

REGIONAL BANKS-STOCKS/

PacWest, Western Alliance shares tumble as US regional bank fears persist

Shares of U.S. regional banks PacWest Bancorp and Western Alliance Bank plunged on Tuesday as the demise of First Republic Bank triggered investor concerns about the financial health of other mid-sized lenders.

BNP PARIBAS-RESULTS/

France’s BNP Paribas doubles profits in Q1 with Bank of the West sale

PARIS, May 3 (Reuters) – BNP Paribas, the euro zone’s biggest bank, saw profit more than double in the first quarter from a year earlier, bolstered by gains from its much-anticipated sale of its U.S. retail division while revenue beat estimates.

ENTERTAINMENT

TELEVISION-WRITERS/

‘Plagiarism machines’: Hollywood writers and studios battle over the future of AI

LOS ANGELES, May 3 (Reuters) – Hollywood writers have for decades penned sci-fi scripts featuring machines taking over the world. Now, they are fighting to make sure robots do not take their jobs.

BRITAIN-ROYALS/

King Charles’ coronation will be an economic boost, Buckingham Palace says

LONDON, May 3 (Reuters) – The coronation ceremony for King Charles on Saturday will be the most glorious display of pageantry seen in Britain for a generation and will provide an economic boost to the nation, its organiser and Buckingham Palace have said.

SPORTS

TENNIS-MADRID/

Sabalenka moves into Madrid semis, Medvedev and Zverev ousted

Zhang Zhizhen made history at the Madrid Open as he stunned American Taylor Fritz on Tuesday to become the first Chinese player to reach an ATP Masters 1000 quarter-final.

SOCCER-ENGLAND-ARS-CHE/

Arsenal return to top of the league with 3-1 win over sorry Chelsea

LONDON, May 2 (Reuters) – Arsenal returned to the top of the Premier League on Tuesday with a 3-1 win over a woeful Chelsea, set on their way by two goals from Martin Odegaard, but the title is still Manchester City’s to lose having played two games less than the leaders.

UPCOMING

BUSINESS / ECONOMICS

INDONESIA-INVESTMENT/ (PIX)

Interview with Indonesia’s Investment Minister Bahlil Lahadalia

Interview with Indonesia’s Investment Minister Bahlil Lahadalia on government’s plans to reach the goal of more investments on processing industry, especially on natural resources.

3 May 02:30 ET / 06:30 GMT

LLOYDS-RESULTS/

Lloyds Banking Group publishes Q1 earnings

Britain’s biggest domestic bank Lloyds reports first quarter earnings, amid investor unease about the outlook for banks and the wider UK economy.

3 May 03:00 ET / 07:00 GMT

MALAYSIA-5G/

Malaysia’s communications minister holds press conference on 5G rollout

Malaysia’s communications minister Fahmi Fadzil holds a press conference on the country’s 5G rollout, which has seen repeated setbacks over concerns that a single government-run network would result in a nationalised monopoly. Reuters reported last month that Malaysia plans to introduce a second 5G network from next year.

3 May 03:00 ET / 07:00 GMT

NVIDIA-CHINA/ (PIX)

China’s AI industry barely slowed by US chip export rules

U.S. export controls imposed last year on advanced computing chips used to create artificial-intelligence systems similar to ChatGPT are having only minimal effects on China’s tech sector. Nvidia Corp has made a slowed-down chip for the Chinese market to comply with the rules, and Chinese tech giant Tencent Holdings estimates that the chip will cut the time it takes to train its largest AI system by more than half, from 11 days to four days.

3 May 04:00 ET / 08:00 GMT

BUNGELTD-RESULTS/

Bunge Ltd releases Q1 2023 earnings

Global grain trader and processor Bunge Ltd will release first-quarter earnings results amid strong global demand for crops and supply concerns due to the ongoing war in Ukraine and an historic drought in Argentina. The company has said favorable market factors will support profits in 2023, but warned that it may struggle to repeat its record performance in 2022.

3 May 06:00 ET / 10:00 GMT

CVS HEALTH-RESULTS/ (PIX)

CVS Health Corp to report Q1 earnings

CVS Health Corp is scheduled to report its first quarter earnings on Wednesday. Investor focus is likely to be on demand for prescription drugs, insurance business and the management’s commentary on its acquisitions.

3 May 06:30 ET / 10:30 GMT

LOBLAW-RESULTS/

Loblaw Companies Ltd Q1 2023 Earnings

Canadian retailer Loblaw Cos Ltd is expected to report a rise in first-quarter revenue, benefitting by strong demand as consumers shopped more for groceries and medicines. Investors will watch for the management’s comments on annual outlook, and the impact of inflation-driven higher costs of production on its profit margins.

3 May 06:30 ET / 10:30 GMT

NISOURCE-RESULTS/

Q1 2023 NiSource Inc Earnings Release

NiSource Inc is expected to report an increase first-quarter profit on Wednesday as the electric and gas utility firm is likely to be helped by higher electricity demand. Analysts will be looking for comments around full year outlook.

3 May 06:30 ET / 10:30 GMT

ESTEE LAUDER-RESULTS/

Estee Lauder Companies Inc Q3 2023 Earnings

Estee Lauder is expected to post a decline in third-quarter revenue on Wednesday, hurt by a strong dollar, slow recovery in major market China and softening demand for its cosmetics and beauty products. Investors will lookout for comments on demand in China, excess inventory, supply chain disruptions, retail inventory orders and inflationary pressures on consumer spending.

3 May 06:45 ET / 10:45 GMT

YUM BRANDS-RESULTS/

Yum Brands Inc Q1 2023 Earnings

Yum Brands is expected to post a rise in quarterly same-store sales, boosted by steady demand at its Taco Bell chains with new menu items at KFC restaurants also bolstering business. Investors will be watching for the company’s comments on consumer behavior, margins and cost pressures, and plans on pricing.

3 May 07:00 ET / 11:00 GMT

KRAFT HEINZ-RESULTS/

Q1 2023 Kraft Heinz Co Earnings Release

Packaged foods maker Kraft Heinz is expected to post a rise in quarterly revenue helped by price hikes and resilient demand for its packaged meals and condiments. Investors will be watching for company’s forecast, comments on current demand trends amid threats of a recession, pricing, costs and inflation.

3 May 07:00 ET / 11:00 GMT

SPIRITAEROSYSTEMS-RESULTS/

Spirit AeroSytems shares Q1 results

Spirit AeroSystems is expected to disclose the financial fallout of an ongoing 737 MAX manufacturing issue when the company reports first quarter results on Wednesday.

3 May 07:30 ET / 11:30 GMT

BARRICK GOLD-RESULTS/

Q1 2023 Barrick Gold Corp Earnings Release

Gold miner Barrick is set to post quarterly results and answer likely questions around M&A potentials.

3 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).

3 May 08:30 ET / 12:30 GMT

BUNGELTD-RESULTS/ (PIX)

Q1 2023 Bunge Ltd Earnings Release

Estimated time. Expected before market open (BMO).

3 May 08:30 ET / 12:30 GMT

USA-TREASURY/ANNOUNCEMENT

US Treasury announces sales: 3- and 10-year notes, 30-year bonds

US Treasury announces sales: 3- and 10-year notes, 30-year bonds

3 May 11:00 ET / 15:00 GMT

USA-TREASURY/AUCTION

Treasury Dept. sells 17-week bills

Treasury Dept. sells 17-week bills

3 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.

3 May 12:00 ET / 16:00 GMT

WORLDBANK-BANGA/

World Bank board votes on Ajay Banga as lender’s next president

The World Bank’s executive board votes on the U.S. nomination of ex-Mastercard CEO Ajay Banga as the development lender’s next president on Wednesday, a decision that would usher in an Indian-born finance and development expert to scale up massive resources to fight climate change and other global crises.

3 May 12:00 ET / 16:00 GMT

USA-ECONOMY/FED (PIX) (TV)

United States-Fed policy decision

Fed Chair Jerome Powell holds news conference after release of U.S. Fed policy decision.

3 May 14:00 ET / 18:00 GMT

ALBEMARLE-RESULTS/

Q1 2023 Albemarle Corp Earnings Release

U.S. lithium producer Albemarle Corp is set to post quarterly results amid concerns about Chile’s lithium nationalization plans and its own bid for Australia’s Liontown.

3 May 16:00 ET / 20:00 GMT

QUALCOMM-RESULTS/ (PIX)

Qualcomm Inc Reports Second Quarter Results

Qualcomm Inc is expected to report a decline in quarterly revenue hurt by weak smartphone demand.

3 May 16:00 ET / 20:00 GMT

ETSY-RESULTS/

ETSY Inc Q1 2023 Earnings Release

Etsy Inc is expected to post a jump in first-quarter revenue benefiting from steady demand for bags, party products and personalized gifts on its online marketplace. Investors will look out for comments on shift in consumer spending, impact from inflation, and any forecast the company provides.

3 May 16:05 ET / 20:05 GMT

POLITICS / INTERNATIONAL AFFAIRS

CLIMATE-CHANGE/GERMANY CONFERENCE (PIX) (TV)

Germany’s Scholz attends international Climate Conference in Berlin

German Chancellor Olaf Scholz is expected to speak at the “Petersberg Climate Conference” in preparation for the COP28 meeting in late November in the UAE.

3 May 03:00 ET / 07:00 GMT

CLIMATE-CHANGE/GERMANY CONFERENCE HABECK (PIX) (TV)

EVENT CANCELLED – Germany’s Habeck speaks to reporters at Berlin Petersberg Climate Conference

German Climate and Economy Minister Robert Habeck speaks to reporters as he arrives for the Petersberg Climate Conference.

3 May 03:00 ET / 07:00 GMT

UN-GUTERRES/ (PIX) (TV)

UN chief holds press briefing while meeting body’s executive board in Kenya

United Nations Secretary-General Antonio Guterres will brief the press at the annual meeting of the international body’s executive board in Kenya’s capital Nairobi.

3 May 05:30 ET / 09:30 GMT

AUSTRIA-POLITICS/

Weekly Austrian cabinet meeting

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

3 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.

3 May 07:00 ET / 11:00 GMT

CLIMATE-CHANGE/GERMANY CONFERENCE COP28 (PIX) (TV)

Germany’s Baerbock, UAE’s Al Jaber speak to reporters at Berlin Climate Conference

German Foreign Minister Annalena Baerbock and the UAE’s designated COP28 president, Sultan Al Jaber speak to reporters.

3 May 07:45 ET / 11:45 GMT

CLIMATE-CHANGE/GERMANY CONFERENCE SCHOLZ (PIX) (TV)

Germany’s Scholz attends, may address Berlin Climate Conference

German Chancellor Olaf Scholz attends the Petersberg Climate Conference, a preparation for the COP28 meeting in the UAE in late November.

3 May 08:30 ET / 12:30 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.

3 May 12:00 ET / 16:00 GMT

FRANCE-POLITICS/

France’s constitutional council decides on idea to hold citizens’ vote on pension issue

France’s constitutional council is set to publish its decision on a request to hold a citizens’ referendum about the future of France’s pension system after months of hefty protests and strike action against President Emmanuel Macron’s decision to raise the legal retirement age to 64 from 62.

3 May 12:00 ET / 16:00 GMT

SCIENCE / TECHNOLOGY

SPACE-EXPLORATION/SPACEX (PIX)

ANALYSIS-SpaceX has few alternatives if lawsuit upends Musk’s Texas launch plans

Elon Musk-led SpaceX has few alternative options for test-launching its giant Starship spacecraft in the near term if a newly filed lawsuit disrupts the breakneck speed of development at its remote Texas launch site, legal and industry experts say.

3 May 06:00 ET / 10:00 GMT

CRIME / LAW / JUSTICE

EU-CORRUPTION/ (TV)

After Qatargate, EU executive proposes stepping up fight against corruption

EU executive proposes tougher anti-corruption drive including harmonising definitions of graft-related crimes and connected punishment across the 27-nation bloc, as well as new sanctions regime for corrupt foreigners. The proposal needs to be approved by all member states, as well as the European Parliament, to become EU law. It comes after the European Parliament was rocked by one of the biggest corruption scandals to hit the EU, with a deputy head of the chamber being stripped of her role late last year over accusations of accepting bribes from World Cup host Qatar.

3 May 07:00 ET / 11:00 GMT

ARTS / CULTURE / ENTERTAINMENT

TELEVISION-WRITERS/ (TV)

Hollywood writers go on strike for the first time in 15 years. Hollywood film and TV writers go on strike after not reaching a deal with studios on a new contract

3 May 12:00 ET / 16:00 GMT

(c) Copyright Thomson Reuters 2023. Click For Restrictions – https://agency.reuters.com/en/copyright.html