By Herbert Lash NEW YORK (Reuters) – U.S. Treasury yields jumped and global equity markets tanked on Thursday, erasing the prior day’s rally on Wall Street, as investors worried aggressive central bank policies around the world to tamp down inflation could easily shackle growth. The rout on Wall Street snuffed a rally in European stocks. …
Stocks tumble on inflation fears, Treasury yields jump Read More »
(Reuters) – The Chinese and Russian central banks will discuss the use and promotion of their respective national payment systems in both countries, Beijing’s envoy to Moscow told the TASS news agency in an interview published on Thursday. “Regarding the promotion and use of the Mir and China UnionPay national payment systems in both countries, …
Chinese, Russian cenbanks to discuss use of national payment systems Read More »
By Karen Brettell NEW YORK (Reuters) – The dollar hit a 20-year high against a basket of currencies on Thursday as a sharp stocks selloff boosted demand for the safe-haven currency and as the Federal Reserve was seen as tightening monetary policy more than peers. Stocks tumbled on Thursday as investors fretted the Fed might …
Dollar index hits 20-year high, sterling tumbles on dovish BoE Read More »
By Scott DiSavino NEW YORK (Reuters) -Oil prices edged up on Thursday on supply worries after the European Union (EU) laid out plans for new sanctions against Russia including an embargo on crude. Pressure from a stronger dollar and a drop in global stock markets, however, kept oil prices in check. Brent futures rose 76 …
Oil edges up on supply jitters as EU plans Russian oil ban Read More »
By Tom Polansek CHICAGO (Reuters) -Fertilizer maker CF Industries Holdings expects a roughly $2 billion price tag for a U.S. plant it plans to build with Mitsui & Co to produce low-carbon ammonia for fuel, Chief Executive Tony Will said on Thursday. The project, announced this week, aims to meet rising global demand for clean …
CF Industries sees $2 billion price tag for U.S. low-carbon ammonia plant Read More »
LONDON (Reuters) -State-owned Development Bank of Kazakhstan JSC (DBK) sold on Thursday the first dollar-bond in the Commonwealth of Independent States (CIS) region since Russia’s invasion of Ukraine on Feb. 24. The investment grade-rated bank issued $500 million in three year dollar-denominated bonds with a coupon of 5.75% – a touch below the final price …
Kazakh development bank sells first CIS dollar bond since Ukraine war Read More »
(Reuters) – The United States is moving towards imposing new sanctions on Chinese video surveillance company Hikvision, the Financial Times reported on Wednesday, citing four people familiar with the talks. The potential sanctions would be administered by the U.S. Treasury Department, which publishes a Specially Designated Nationals (SDN) list that prohibits American companies or citizens …
U.S. considers imposing sanctions on China’s Hikvision – FT Read More »
SHENZHEN, China (Reuters) -European businesses in China are increasingly looking to shift their investments to other markets due to the country’s strict COVID-19 containment measures and supply chain disruptions, the European Chamber of Commerce in China said on Thursday. A member survey found that almost a quarter of respondents were considering moving current or planned …
China’s COVID controls makes EU firms consider shifting investments – chamber Read More »
LONDON (Reuters) – Prime Minister Fumio Kishida on Thursday said Japan’s economy would continue to see robust growth and told an audience in London that its shift to an upgraded version of capitalism meant investors could back the “powerhouse” with confidence. “Japan is a buy”, he told the audience. He told the audience at the …
“Japan is a buy,” PM Kishida tells City of London Read More »
By Alasdair Pal and Uditha Jayasinghe BOGAWANTALAWA, Sri Lanka (Reuters) – On a lush plantation in Sri Lanka, Arulappan Ideijody deftly plucks the tips of each tea bush, throwing them over her shoulder into an open basket on her back. After a month of picking more than 18 kg (40 lb) of such tea leaves …
Sri Lankan tea pickers’ dreams shattered by economic crisis Read More »
