China’s anti-lockdown protests shake stocks and oil

China's anti-lockdown protests shake stocks and oil

China announces record new local COVID cases Commodities sold off amid demand concerns Dollar slips against yen, Swiss franc NEW YORK/ LONDON, Nov 28 (Reuters) – US stocks tracked a decline in equities worldwide and oil was sold off on Monday as rare protests in major Chinese cities against the country’s strict zero-COVID curbs fueled … Read more

Investors batten down ahead of Fed minutes, Eurozone recession fears grow

Investors batten down ahead of Fed minutes, Eurozone recession fears grow

Fed minutes awaited US Thanksgiving public holiday on Thursday Stock eke out slim gains globally Euro zone economic data points to recession China hit by rising COVID-19 infections LONDON, Nov 23 (Reuters) – Global shares were little changed on Wednesday as investors kept their eyes peeled for the minutes of a Federal Reserve meeting that … Read more

Shares cautious, US yield curve deep in recession territory

Asia shares mixed on Fed warning, China hopes

https://tmsnrt.rs/2zpUAr4 Markets choppy after Fed warnings on rates US yield curve most inverted since 1981 Dollar runs into fresh selling, but off week’s lows SYDNEY, Nov 18 (Reuters) – Asian shares were in a cautious mood on Friday after US Federal Reserve officials fired more warning shots on interest rates, while rising coronavirus cases in … Read more

Asian stocks shaken by blast in Poland; dollar gains

Asia shares mixed on Fed warning, China hopes

HONG KONG, Nov 16 (Reuters) – Asian stocks dropped and the dollar gained on Wednesday after a blast in Poland that Ukraine and Polish authorities said was caused by a Russian-made missile. Worries over a potential ratcheting up of geopolitical tensions spurred a drop of 1% in MSCI’s broadest index of Asia-Pacific shares outside Japan … Read more

Asia shares mixed on Fed warning, China hopes

Asia shares mixed on Fed warning, China hopes

https://tmsnrt.rs/2zpUAr4 Fed’s Waller plays down CPI as just one number Beijing lays out property support, COVID steps Biden to meet Xi at G20 meeting SYDNEY, Nov 14 (Reuters) – Asian share markets were mixed on Monday as a top US central banker warned investors against getting carried away over one inflation number, while Chinese stocks … Read more

FTX’s Bankman-Fried scrambles for funds after Binance deal collapse

FTX's Bankman-Fried scrambles for funds after Binance deal collapse

HONG KONG/SINGAPORE/NEW YORK, Nov 10 (Reuters) – FTX Chief Executive Sam Bankman-Fried on Thursday launched an urgent push to raise funds to save his firm as the crypto exchange looks to plug a reported $8 billion hole in its finances, according to tweets and a memo to employees. Bankman-Fried said he was in talks with … Read more

Exclusive: Behind FTX’s fall, battling billionaires and a failed bid to save crypto

Exclusive: Behind FTX's fall, battling billionaires and a failed bid to save crypto

Nov 10 (Reuters) – (This story contains language some readers may find offensive in paragraph 2) On Tuesday morning, Sam Bankman-Fried, owner of cryptocurrency exchange FTX, caught his employees off-guard with a somber message. “I’m sorry,” he told them. “I fucked up.” The reason for the mea culpa: His announcement half an hour earlier that … Read more

Cryptocurrencies fall after FTX-Binance turmoil spooks investors

Cryptocurrencies fall after FTX-Binance turmoil spooks investors

SINGAPORE/LONDON, Nov 9 (Reuters) – Cryptocurrencies saw a second day of sharp declines on Wednesday, as investors continued to fret about the stability of the sector and the financial health of major exchange FTX despite plans for a rescue deal from bigger rival Binance . Crypto giant Binance signed a nonbinding agreement on Tuesday to … Read more

Sterling falls as BoE expects recession, US futures up

Sterling falls as BoE expects recession, US futures up

Bank of England hikes rates by 50 basis points BoE expects recession throughout 2023 Fed official: 50bp hike in Sept “reasonable” Oil stabilized after hitting six-month low Lufthansa returns to operating profit LONDON, Aug 4 (Reuters) – Sterling fell on Thursday after the Bank of England followed its counterparts in the United States and euro … Read more

World stocks eye best month since late 2020, dollar slips

World stocks eye best month since late 2020, dollar slips

MSCI World index up 0.3%; nearly 6% for the month Dollar down 0.5% against a basket of major peers Markets bet US slowdown to temper rate tightening LONDON/SINGAPORE, July 29 (Reuters) – Global stocks rose on Friday, on course for their best month since late 2020 as traders bet a weakening US economy could slow … Read more