Stocks rise, US yields slip as markets await Fed rate hike

NEW YORK / MILAN, May 3 (Reuters) – A gauge of global equity markets edged higher on Tuesday while 10-year US Treasury yields slid from the 3% level as investors remained cautious, expecting the Federal Reserve to hike rates by the most in a single day since 2000 to curb inflation. Feeding inflation worries, data … Read more

Setback for Shanghai’s COVID battle; Beijing focuses on mass testing

Shanghai reports 58 new cases outside quarantine areas Beijing testing millions Outbreak poses biggest test yet to Xi’s “zero-COVID” strategy SHANGHAI / BEIJING, May 2 (Reuters) – China’s commercial capital of Shanghai was dealt a blow on Monday as authorities reported 58 new COVID-19 cases outside areas under lockdown, while Beijing pressed on with testing … Read more

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 … Read more

‘Entry only. No exit: ‘Beijing sees more COVID closures as anger grows in Shanghai

Beijing closes more gyms, malls, cinemas to contain outbreak Delivery companies work overtime to supply residents “The virus is what’s hurting the economy” – health official BEIJING / SHANGHAI, April 29 (Reuters) – China’s capital Beijing closed more businesses and residential compounds on Friday, with authorities ramping up contact tracing to contain a COVID-19 outbreak, … Read more

Factbox: Companies sell their businesses in Russia

A woman entries to a Polish fashion retailer LPP brand Reserved shop in Warsaw, Poland, September 4, 2020. REUTERS / Kacper Pempel / File Photo Register now for FREE unlimited access to Reuters.com Register April 28 (Reuters) – Some Western companies have agreed to sell their Russian assets or hand them over to local managers … Read more

China’s capital sharpens COVID screening to prevent Shanghai-like chaos

Beijing to test most of its 22 million residents for COVID this week Beijing steps up precautions, curbs to avoid Shanghai lockdown Shanghai’s focus shifts to vaccination of the elderly BEIJING / SHANGHAI, April 28 (Reuters) – Beijing closed some schools and public spaces on Thursday, as most of the Chinese capital’s 22 million residents … Read more

Could key ingredients for life have arrived from space? Scientists say yes

Conceptual image of meteoroids delivering nucleobases – nitrogen-containing compounds crucial in forming DNA’s double-helix structure – to ancient Earth. The nucleobases are represented by structural diagrams with hydrogen atoms as white spheres, carbon as black, nitrogen as blue and oxygen as red. NASA Goddard / CI Lab / Dan Gallagher / Handout via REUTERS Register … Read more

Beijing to test 20 million for COVID in bid to avert Shanghai lockdown misery

Beijing expands mass testing to almost entire city Residents flock to supermarkets to stock up on food, supplies Frustration flares in Shanghai after a month in lockdown BEIJING / SHANGHAI, April 26 (Reuters) – Three-quarters of Beijing’s 22 million people lined up for COVID-19 tests on Tuesday as authorities in the Chinese capital raced to … Read more

Economic fears hit global equities, commods; Twitter lifts Wall St.

WASHINGTON / LONDON, April 25 (Reuters) – European stocks slid to a one-month low and commodity prices dropped on Monday on renewed concerns about rising interest rates and China’s sputtering economy, while Wall Street shares rose, reversing losses after Twitter agreed to be bought by billionaire Elon Musk. Fears over China’s COVID-19 outbreaks spooked investors … Read more

Shanghai fences up COVID-hit areas, fuelling fresh outcry

SHANGHAI, April 24 (Reuters) – Shanghai authorities battling an outbreak of COVID-19 have erected fences outside residential buildings, sparking fresh public outcry over a lockdown that has forced much of the city’s 25 million people indoors. Images of white hazmat suit-clad workers sealing entrances of housing blocks and closing off entire streets with roughly two … Read more