Stocks extend bear market rebound as inflation worries subside

MILAN / TOKYO (Reuters) – Global stocks extended their rebound on Monday, benefiting from Wall Street’s strong close on Friday as off-peak oil prices helped improve sentiment and allay fears of persistent inflation. Strong morning gains in Europe and rebound in Asian markets after China eased further restrictions on COVID-19 pushed MSCI global stock indexes … Read more

Broken stocks found support as growth concerns weigh on commodities

Men wearing protective masks amid the outbreak of the coronavirus disease (COVID-19), use mobile phones in front of an electronic board displaying Japan’s Nikkei index outside a brokerage in Tokyo, Japan, June 16, 2022. REUTERS/Kim Kyung-Hoon Register now to get free unlimited access to Reuters.com Register SINGAPORE/TOkyo (Reuters) – Global stocks and bonds headed for … Read more

US meets with refineries on high pump prices; No plan yet – sources

US Energy Secretary Jennifer Granholm has expressed interest in a possible lifting of gasoline rules to combat smog to combat high pump prices and backed away from a plan to ban fuel exports during a wide-ranging meeting with refiners, two industry sources said. Thursday. With tensions rising between US President Joe Biden and Big Oil, … Read more

Saudi Crown Prince, Erdogan meets in Turkey with full normalization on the horizon

Ankara halts Khashoggi’s trial to cement ties An official says talks are going slowly over a potential foreign exchange swap line Erdogan faces tough elections with economic tension ANKARA (Reuters) – Saudi Crown Prince Mohammed bin Salman arrived in Turkey for the first time in years on Wednesday for talks with President Recep Tayyip Erdogan … Read more

Thousands walk out in Britain’s biggest rail strike in 30 years as Johnson vows to stay firm

More than 40,000 railway workers have left The government is under pressure due to the cost of living crisis Trade unions say strike could start ‘summer of discontent’ LONDON (Reuters) – Tens of thousands of workers walked out on the first day of Britain’s biggest rail strike in 30 years on Tuesday, as commuters faced … Read more

Wall Street ended but still down for the week as volatility rules

Standard & Poor’s suffers biggest weekly percentage drop since March 2020 Markets are closed on Monday for the Juneteenth holiday The Dow Jones is down 0.13%, the S&P 500 is up 0.22% and the Nasdaq is down 1.43%. (Reuters) – U.S. stocks closed modestly higher on Friday but still suffered their biggest weekly percentage decline … Read more

Analysis: Investors brace for recession, more market turmoil after massive Fed increase

Exterior photo of the Federal Reserve Board Marriner S. Eccles building in Washington, DC, US, June 14, 2022. REUTERS/Sarah Selbiger Register now to get free unlimited access to Reuters.com Register NEW YORK (Reuters) – Investors’ faith in a soft landing in the US economy is being severely tested as a massive interest rate hike by … Read more

Putin said on Friday that the sanctioned Kremlin is depriving Russia’s Davos of its elite

International Economic Forum June 15-18 in St. Petersburg There are no prominent Western figures in the “Russian Davos” because of the sanctions Putin delivers a grand speech June 17, talk to the media – assistant June 14 (Reuters) – Russia has for years hosted world leaders and business giants at its annual economic forum in … Read more

Global stocks near new lows in 2022 amid inflation fears

LONDON (Reuters) – Global stocks plunged towards 2022 lows and the Japanese yen fell to levels not seen in nearly a quarter of a century on Monday as sweltering inflation in the United States fueled fears of tougher policy tightening in a large region. Central Bank Week. The significantly higher-than-expected US CPI reading on Friday … Read more

Malaysian companies rejected applications due to lack of expatriate workers

KUALA LUMPUR (Reuters) – Malaysian companies from palm oil growers to semiconductor makers are rejecting orders and ditching billions in sales as a shortage of more than a million workers threatens the country’s economic recovery. Despite the lifting of the COVID-19 freeze on recruiting foreign workers in February, Malaysia has not seen a significant return … Read more