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

BoE flags risk of recession and 10% inflation as it raises rates again

A man wearing a protective face mask walks past the Bank of England (BoE), after the BoE became the world’s first major central bank to raise rates since the coronavirus disease (COVID-19) pandemic, in London, Britain, December 16, 2021 REUTERS / Toby Melville Register now for FREE unlimited access to Reuters.com Register Central bank sees … 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

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

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

Stocks slip, bonds hit as bets on Fed action rise

The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, February 28, 2022. REUTERS / Staff Register now for FREE unlimited access to Reuters.com Register US treasury yields hit multi-year highs Dollar at its strongest in nearly two years Fed minutes eyed as bets on big rate hike increase … Read more

US stops Russian bond payments, raising risk of default

FILE PHOTO: A view shows a Russian ruble coin and a US dollar banknote in this picture illustration taken October 26, 2018. REUTERS / Maxim Shemetov / File Photo Register now for FREE unlimited access to Reuters.com Register NEW YORK / WASHINGTON, April 5 (Reuters) – The United States stopped the Russian government on Monday … Read more

Orban scores crushing victory as Ukraine war solidifies support

War in Ukraine has upset campaign Hungarians voted amid inflation surge, with economy set to slow Orban’s Fidesz on track to win two-thirds of parliament seats Far-right Our Homeland party likely to get into parliament BUDAPEST, April 3 (Reuters) – Hungary’s nationalist Prime Minister Viktor Orban looked set for a fourth consecutive win in Sunday’s … Read more

Biden says budget targets Trump’s ‘fiscal mess,’ raises taxes on wealthy

WASHINGTON, March 28 (Reuters) – US President Joe Biden on Monday submitted a $ 5.79 trillion budget plan to Congress that calls for a record of peacetime military spending and further aid to Ukraine, while raising taxes for billionaires and companies and lowering government deficits. The budget proposal for the fiscal year starting Oct. 1, … Read more

Putin wants ‘unfriendly’ countries to pay for Russian gas in rubles

LONDON, March 23 (Reuters) – Russia will seek payment in rubles for gas sold to “unfriendly” countries, President Vladimir Putin said on Wednesday, and European gas prices soared on concerns the move would exacerbate the region’s energy crunch. European nations and the United States have imposed heavy sanctions on Russia since Moscow sent troops into … Read more