U.S. companies and their backers seize on window to sell stock
NEW YORK, March 7 (Reuters) – Sales of shares in publicly listed U.S. companies had their strongest showing last week in more than a year, as companies and some of their shareholders, such as private equity firms, capitalized on the risk appetite of stock market investors.Stock sales reached $4.97 billion in the United States last […]
China says must advance relations with Russia as world becomes more turbulent
BEIJING, March 7 (Reuters) – China must advance its relations with Russia as the world becomes more turbulent, Foreign Minister Qin Gang said on Tuesday.Speaking to reporters at an annual parliamentary session in Beijing, Qin said the close interactions between both leaders – President Xi Jinping and President Vladimir Putin – provided the anchor for […]
China’s trade with Russia surges at double-digit pace in Jan-Feb
BEIJING, March 7 (Reuters) – China’s exports and imports with Russia surged at a double-digit pace in January-February from a year earlier, customs data showed on Tuesday, as China said it had to advance relations with its northern neighbour in an increasingly turbulent world.China’s exports to Russia jumped 19.8% in the first two months, to […]
Weak euro zone data point to cracks in recovery as inflation lingers
Bloc’s retail sales rebounded only feebly in JanuaryConstruction still contracted, sector’s PMI showedSurprise fall in morale in March’s Sentix indexExpect more ECB rate hikes after March, says LaneBig nations’ inflation rose in Feb, data showed last weekFRANKFURT, March 6 (Reuters) – The euro zone’s economic recovery is tentative and fragile, several indicators suggested on Monday, […]
BIS urges central banks to ‘get the job done’
LONDON, Feb 27 (Reuters) – Central banks need to “get the job done” when it comes to getting inflation back under control, the Bank for International Settlements has said, urging them to avoid the mistakes of the 1970’s by declaring victory too early.The BIS, dubbed the bank for central banks, said it was vital authorities […]
China lethal aid to Russia would come at real cost, U.S. says
WASHINGTON, Feb 26 (Reuters) – China has not moved toward providing lethal aid that would help Russia in its invasion of Ukraine and the United States has made clear behind closed doors that such a move would have serious consequences, White House national security adviser Jake Sullivan said on Sunday.”Beijing will have to make its […]
United States tells citizens: Leave Russia immediately
MOSCOW, Feb 13 (Reuters) – The United States has told its citizens to leave Russia immediately due to the war in Ukraine and the risk of arbitrary arrest or harassment by Russian law enforcement agencies.”U.S. citizens residing or travelling in Russia should depart immediately,” the U.S. embassy in Moscow said. “Exercise increased caution due to […]
Morning Bid: Powell confesses ‘This time it’s different’
A look at the day ahead in U.S. and global markets from Mike Dolan.Jerome Powell calmed the horses, a bit.In attempting to parse last week’s blockbuster January jobs report, the Federal Reserve Chair on Tuesday reprised his take from last Wednesday’s policy meeting – essentially that another couple of Fed rate hikes were probably needed […]
Russians bought record number of gold bars in 2022, data shows
This content was produced in Russia, where the law restricts coverage of Russian military operations in Ukraine.MOSCOW, Feb 3 (Reuters) – Russians bought an all-time record number of gold bars in 2022, finance ministry data showed on Friday, as tax cuts on precious metals encouraged people to stock up on bullion as a safe asset.Moscow […]
Morning bid: Markets go all in for disinflation
SYDNEY, Feb 2 (Reuters) – A look at the day ahead in European and global markets from Wayne Cole.Push back? What push back? The main theme ahead of the Fed announcement was that Chair Jerome Powell would definitely, totally, absolutely push back against the recent rapid easing in market conditions given inflation was still sky […]