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

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

‘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

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

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

Oil prices fall 5% after IMF cuts growth outlook

Storage tanks are seen at Marathon Petroleum’s Los Angeles Refinery, which processes domestic & imported crude oil into California Air Resources Board (CARB), gasoline, diesel fuel, and other petroleum products, in Carson, California, US, March 11, 2022. Picture taken with a drone. REUTERS / Bing Guan Register now for FREE unlimited access to Reuters.com Register … 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