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

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

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

Explainer: Will Russia use nuclear weapons?

Explainer: Will Russia use nuclear weapons?

May 6 (Reuters) – At the start of Russia’s invasion of Ukraine, Russian President Vladimir Putin obliquely raised the possibility of a nuclear strike against anyone who intervened in the conflict. Below are some of the key issues surrounding the possibility – viewed as remote by many analysts and Western diplomats – that Putin might … Read more

UN Security Council, including Russia, expresses concern about Ukraine

UN Security Council, including Russia, expresses concern about Ukraine

Members of the United Nations Security Council sit during a meeting on the situation amid Russia’s invasion of Ukraine, at the United Nations Headquarters in Manhattan, New York City, New York, US, May 5, 2022. REUTERS/Shannon Stapleton Register now for FREE unlimited access to Reuters.com Register UNITED NATIONS, May 6 (Reuters) – The UN Security … Read more

Ukraine’s ‘finest hour’: UK’s Johnson invokes Churchill as he predicts Russia will lose

Ukraine's 'finest hour': UK's Johnson invokes Churchill as he predicts Russia will lose

UK PM Johnson says Ukraine will win Says Kyiv has exploded ‘myth of Putin’s invincibility’ He promises continued British support for Kyiv LONDON, May 3 (Reuters) – British Prime Minister Boris Johnson told Ukraine on Tuesday he believed he would defeat Russia and expose the “gigantic error” of the Kremlin’s invasion as he invoked Britain’s … 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

As Beijing tightens COVID curbs, hard-hit Shanghai sees signs of life

As Beijing tightens COVID curbs, hard-hit Shanghai sees signs of life

Beijing COVID outbreak enters 10th day Shanghai reports 2nd day of zero cases outside quarantine areas Shanghai starts to loosen curbs for some areas BEIJING/SHANGHAI, May 1 (Reuters) – The Chinese capital Beijing tightened COVID restrictions on Sunday as it battled an outbreak, while Shanghai let more of its 25 million residents venture out for … Read more