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

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

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

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

Russian strikes pound Ukraine on eve of new EU sanctions

Russian strikes pound Ukraine on eve of new EU sanctions

Russians attack east, target rails, electric grid elsewhere First evacuees from steel plant reach Ukraine-held city West pledges weapons heavier to boost Ukraine defenses Biden urges Congress to approve aid ZAPORIZHZHIA, Ukraine, May 3 (Reuters) – Russian forces pounded targets in eastern Ukraine on Tuesday, unleashing rockets on a steel plant that is Ukraine’s last … Read more

Putin puts West on notice: Moscow can terminate exports and deals

Putin puts West on notice: Moscow can terminate exports and deals

Russian President Vladimir Putin delivers a speech during a meeting of the Council of Legislators at the Federal Assembly in Saint Petersburg, Russia April 27, 2022. Sputnik/Alexei Danichev/Kremlin via REUTERS Register now for FREE unlimited access to Reuters.com Register Putin begins Russia’s bite-back over Ukraine sanctions Gives wide powers to cut raw material, produce exports … Read more

EU energy ministers hold crisis talks after Russian gas cuts

EU energy ministers hold crisis talks after Russian gas cuts

BRUSSELS, May 2 (Reuters) – Energy ministers from European Union countries hold emergency talks on Monday, as the bloc strives for a united response to Moscow’s demand that European buyers pay for Russian gas in rubles or face their supply being cut off. Russia halted gas supplies to Bulgaria and Poland last week after they … Read more

Gas-guzzling German carmakers face uphill struggle to go green

Gas-guzzling German carmakers face uphill struggle to go green

BERLIN, April 29 (Reuters) – As Germany speeds up investment in renewables, the energy consumption of its carmakers reveals just how connecting the country’s most important industry is on fossil fuels, a Reuters analysis of environmental data shows. Their dependence lays bare the hurdles automakers face in transforming their own energy consumption while moving the … Read more

The rise and fall of Bill Hwang’s ‘house of cards’

The rise and fall of Bill Hwang's 'house of cards'

Sung Kook (Bill) Hwang, the founder and head of a private investment firm known as Archegos exits the Manhattan federal courthouse in New York City, US, April 27, 2022. REUTERS/Shannon/File Photo Register now for FREE unlimited access to Reuters.com Register WASHINGTON, April 28 (Reuters) – Bill Hwang spent 25 years building his career, but his … Read more