Dollar gains, stocks retreat as inflation jitters return

Dollar gains, stocks retreat as inflation jitters return

NEW YORK/LONDON, May 18 (Reuters) – The dollar strengthened and global stocks retreated on Wednesday as concerns about economic growth and rising inflation soured sentiment, underscored by a 9% surge in British consumer prices and a greater-than-expected price acceleration in Canada. British inflation surged to its highest annual rate since 1982 as energy bills soared, … Read more

Shares rebound, Treasury yields rise on stronger data

Shares rebound, Treasury yields rise on stronger data

Blank prices are displayed in the stock quotation boards at the Tokyo Stock Exchange (TSE) after the TSE temporarily suspended all trading due to system problems in Tokyo, Japan October 1, 2020. REUTERS/Issei Kato/Files Register now for FREE unlimited access to Reuters.com Register NEW YORK, May 17 (Reuters) – A gauge of global equity markets … Read more

Backer of stricken TerraUSD says spent reserves trying to salvage dollar peg

Backer of stricken TerraUSD says spent reserves trying to salvage dollar peg

Representations of cryptocurrencies Bitcoin, Ethereum, DogeCoin, Ripple, Litecoin are placed on PC motherboard in this illustration taken, June 29, 2021. REUTERS/Dado Ruvic/Illustration/File Photo Register now for FREE unlimited access to Reuters.com Register ECB officials warn of risks from cryptocurrencies Luna Foundation Guard says reserves depleted to $90 million LFG says spent reserves trying to prop … Read more

UAE telecoms group e& buys 9.8% stake in Vodafone for $4.4 billion

UAE telecoms group e& buys 9.8% stake in Vodafone for $4.4 billion

The Vodafone logo is seen at the Mobile World Congress in Barcelona, ​​Spain, February 28, 2018. REUTERS/Sergio Perez/File Photo Register now for FREE unlimited access to Reuters.com Register DUBAI/LONDON, May 14 (Reuters) – United Arab Emirates-based telecoms company e& (ETISALAT.AD) has bought a 9.8% stake in Vodafone (VOD.L) for $4.4 billion, days after saying it … Read more

Crypto world stabilizes, bitcoin rallies after stablecoin slide

Crypto world stabilizes, bitcoin rallies after stablecoin slide

Bitcoin hits intra-day high above $30,000 TerraUSD collapse shakes crypto market Analysts say impact on traditional markets limited HONG KONG/LONDON/NEW YORK, May 13 (Reuters) – Cryptocurrencies steadied on Friday, with bitcoin recovering from a 16-month low after a volatile week dominated by the collapse in value of TerraUSD, a so-called stablecoin. Crypto assets have been … Read more

Shares hold up, yields drop before US inflation data

Shares hold up, yields drop before US inflation data

MILAN, May 11 (Reuters) – World shares rose on Wednesday and bond yields slipped further below recent peaks ahead of inflation data in the United States that will offer a guide to how aggressively the Federal Reserve will raise rates. European equities extended their bounce from two-month lows and US futures also gained before the … Read more

Ethiopia’s state telecom launches 5G services in capital

Ethiopia's state telecom launches 5G services in capital

ADDIS ABABA, May 9 (Reuters) – State-owned operator Ethio Telecom launched a 5G mobile phone service on Monday in a key step ahead of competition from new entrants in an industry that has been closed for international players. Next-generation 5G networks can provide data speeds at least 20 times faster than 4G and are seen … Read more

Stocks suffer renewed slide on growth fears, dollar extends rally

Stocks suffer renewed slide on growth fears, dollar extends rally

LONDON, May 9 (Reuters) – Stocks fell heavily again on Monday and the dollar rocketed to a new two-decade high as worries about higher interest rates and a tightened lockdown in Shanghai deepened investors’ fears that the global economy is rapidly heading for a slowdown. After a bruising session on Friday in which US stocks … Read more

Global scramble for metals thrusts Africa into mining spotlight

Global scramble for metals thrusts Africa into mining spotlight

A truck exits the mine after collecting ore from 516 meters below the surface at the Chibuluma copper mine in the Zambian copperbelt region. REUTERS/Rogan Ward Register now for FREE unlimited access to Reuters.com Register JOHANNESBURG, May 8 (Reuters) – The need to secure new sources of metals for the energy transition amid sanctions on … Read more

Shell posts record quarterly profit, lifted by energy price surge

Shell posts record quarterly profit, lifted by energy price surge

Shell adjust earnings hits $9.1 billion Results boosted by strong oil and gas trading Retains some exposure to Russia LONDON, May 5 (Reuters) – Shell (SHEL.L) on Thursday reported a record first-quarter profit of $9.13 billion, boosted by higher oil and gas prices, stellar refining profits and the strong performance of its trading division. The … Read more