UK PM Johnson suffers heavy losses in London in local elections

Conservatives lose control of London councils Results seen as a test of Johnson’s popularity Bad performance will increase pressure on Johnson LONDON, May 6 (Reuters) – British Prime Minister Boris Johnson’s Conservative Party lost control of traditional strongholds in London and suffered losses elsewhere in local elections, early results on Friday showed, as voters punished … Read more

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

Wall Street closes sharply lower on Amazon slump, inflation worries

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, US, April 4, 2022. REUTERS / Brendan McDermid / File Photo Register now for FREE unlimited access to Reuters.com Register Amazon tumbles after results and outlook fall short Apple slips after flagging supply problems Monthly inflation surged by the … Read more

US business spending on equipment strong; house prices push higher

Core capital goods orders increase 1.0% in March Durable goods orders rebound 0.8% Consumer confidence dips in April New home sales drop 8.6% in March; house prices surge WASHINGTON, April 26 (Reuters) – New orders for US-made capital goods rebounded more than expected in March, suggesting that business spending on equipment ended the first quarter … 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

Russia says blast cripples Black Sea flagship, Ukraine claims missile strike

Moscow missile cruiser damaged after ammunition blew up Ukrainian official says vessel hit by missiles Zelenskiy warns of new Russian offensives to avenge defeats Fall of industrial area would give Russia control of port KYIV / LVIV, Ukraine, April 14 (Reuters) – Russia said on Thursday the flagship of its Black Sea fleet was seriously … Read more

Global shares pause on inflation view; oil steady on Ukraine

A broker looks at financial information on computer screens on the IG Index the trading floor in London, Britain February 6, 2018. REUTERS / Simon Dawson Register now for FREE unlimited access to Reuters.com Register MSCI World Index flat; Asia ex-Japan index up 0.6% Oil slips back on weak China, Japan data UK inflation hits … Read more