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

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

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

Sixty feared dead in Ukraine school bombed by Russia, governor says

Sixty feared dead in Ukraine school bombed by Russia, governor says

Luhansk governor says Russia bombed school sheltering 90 Trapped civilians evacuated from Mariupol’s Azovstal plant G7 leaders to talk with Zelenskiy in show of unity KYIV, May 8 (Reuters) – As many as 60 people were feared to have been killed in the Russian bombing of a village school in the eastern Ukrainian region of … 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

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