Stock market rebound falters, UK inflation hits 40-year high

LONDON, May 18 (Reuters) – A rebound in equities petered out on Wednesday as concerns over the outlook for economic growth and rising inflation rattled sentiment, while a British inflation reading of 9 % highlighted just how much interest rates could rise. Asian stocks managed to post their fourth consecutive session of gains, but in … Read more

Analysis: White House weighs inflation against farmers in new biofuel mandates

May 16 (Reuters) – The White House is expected to announce in coming weeks how much biofuels like corn-based ethanol U.S. refiners must put into their fuel this year, a move that will force it to weigh up of consumer inflation against the support of the nation’s farmers. How the administration balances competing priorities could … Read more

Stock markets struggle as fears over the economy grow

LONDON, May 16 (Reuters) – European stocks fell on Monday and Wall Street was poised to open lower as investor sentiment struggled to recover from last week’s sell-off on fears. a slowdown in economic growth. Global stocks hit their lowest point in 18 months last week as investors worried that raising interest rates to counter … Read more

Shanghai aims to return to normal on June 1 as COVID lockdown hits economy

Shanghai aims to lift COVID lockdown on June 1 City residents frustrated with changing schedules China’s retail sales and industrial production plummet in April SHANGHAI/BEIJING, May 16 (Reuters) – Shanghai on Monday outlined plans for ending a painful COVID-19 lockdown that lasted more than six weeks, which has severely battered the Chinese economy, and returning … Read more

Russia Destroyed Satellite Internet in Ukraine – Western Officials

Russia Destroyed Satellite Internet in Ukraine - Western Officials

United States: a Russian hack aimed at disrupting Ukrainian communications UK: hack was ‘deliberate and malicious’ EU: Attack on Viasat caused “blind” blackouts Russia regularly denies carrying out cyberattacks NEWPORT, Wales, May 10 (Reuters) – Russia was behind a massive cyberattack on a satellite internet network that knocked tens of thousands of modems offline at … Read more

“Moles in the dark”: survival and escape from the Mariupol steel plant

ZAPORIZHZHIA, Ukraine, May 13 (Reuters) – Five stories below the besieged Azovstal steelworks, Ukrainian soldiers told Nataliya Babeush she had minutes to prepare to escape from the underground bunker she called home for more than two months. The 35-year-old grabbed just over a handful of children’s drawings: a few sketches of flowers and food that … Read more

Global stocks climb to 18-month low, but markets watch for recession

S&P futures up 1.13%, European stocks gain 0.96% MSCI Asia excluding Japan +1.8%, Nikkei +2.64% Concerns about inflation and policy tightening remain Dollar swings near 20-year highs on safe-haven demand LONDON/SHANGHAI, May 13 (Reuters) – Global stocks rose from 18-month lows a day earlier and the dollar fell from 20-year highs on Friday, although investors … Read more

Stocks plummet, dollar soars as fears of hard landing grow

A broker reacts while trading on his computer terminal at a securities brokerage firm in Mumbai, India February 1, 2020. REUTERS/Francis Mascarenhas Join now for FREE unlimited access to Register Global stocks fall to a year-and-a-half low, down almost 20% since the start of the year Europe opens 2% lower on US stock futures … Read more

EXCLUSIVE Facebook owner Meta tells hardware employees to prepare for cuts

Small figurines are seen in front of the Meta logo displayed in this illustration taken February 11, 2022. REUTERS/Dado Ruvic/Illustration Join now for FREE unlimited access to Register May 11 (Reuters) – Facebook owner Meta Platforms Inc (FB.O) is preparing cuts to its Reality Labs division, a unit at the center of the company’s … Read more

Stocks rise, yields edge lower after US inflation data

NEW YORK/MILAN, May 11 (Reuters) – The S&P 500 and Dow Jones gained ground on Wednesday and the dollar index fell after data showed U.S. inflation slowed year-on-year last month, giving investors some hope that the price surges will peak. US equity futures initially lost ground after underlying inflation, excluding items such as oil prices, … Read more