LONDON (Reuters) – A stock market rout, historic in scale, has swept across the globe wiping more than $10 trillion off major markets, as concerns about the economic damage unleashed by U.S. President Donald Trump’s tariffs spiral. No corner of the world has been left unscathed by selling, with moves of a magnitude last seen …
Global markets are in meltdown: here’s how it looks in charts Read More »
By Sukriti Gupta, Medha Singh and Lisa Pauline Mattackal (Reuters) -European shares slumped in a volatile session on Monday, with the STOXX 600 closing at its lowest since January 2024, as U.S. President Donald Trump showed no signs of letting up in his aggressive trade war. The pan-European STOXX 600 dropped 4.5%, down for the …
European shares close at over 14-month low as trade war volatility grips markets Read More »
(Reuters) -Chief executives of some global banks, including JPMorgan Chase and Bank of America, on Sunday discussed over a call the fallout of the hefty tariffs unveiled by U.S. President Donald Trump, four sources familiar with the matter said. The call was convened by the Bank Policy Institute, a trade association of large U.S. lenders, …
CEOs of top banks discussed fallout of Trump tariff, sources say Read More »
LONDON (Reuters) -Apple is appealing against a British government order to create a “back door” to its encrypted cloud storage systems, the Investigatory Powers Tribunal (IPT) confirmed on Monday. The IPT said in a written ruling that it had refused the British government’s application that “the bare details of the case”, including who had brought …
Apple appealing against UK ‘back door’ order, tribunal confirms Read More »
COPENHAGEN (Reuters) – The European Union will seek to minimise the impact on outsider Norway from its trade conflict with the United States, European Commission president Ursula von der Leyen said on Monday – a relief for the Nordic country, which exports heavily to the EU. Fears of global escalation are growing after U.S. President …
EU to try to keep Norway out of its trade battle with US, von der Leyen says Read More »
By Tom Sims FRANKFURT (Reuters) – The German online brokers Trade Republic and ING said on Monday that they had suffered technical problems due to heavy trading but that the glitches had been resolved. The issue arose as stocks in Germany and elsewhere suffered big drops as investors grappled with the possibility of a recession …
German online brokers suffer technical glitches as stocks plunge Read More »
LONDON (Reuters) -Shell lowered its first-quarter liquefied natural gas (LNG) production outlook in a trading update on Monday, citing the impact of bad weather in Australia, before it publishes results on May 2. The British company guided for LNG output to reach between 6.4 million and 6.8 million metric tons, down from a previous forecast …
Shell lowers first-quarter LNG production outlook Read More »
By Tim Hepher and Joanna Plucinska LONDON (Reuters) -The outgoing boss of airBaltic said he had been caught by surprise by his sudden ouster on Monday and hit out at the Latvian government’s “nasty” handling of his departure, but hoped it would clear the air for the airline to pursue its growth strategy. Martin Gauss, …
Outgoing AirBaltic CEO hits out at ‘nasty’ handling of his ouster Read More »
LONDON (Reuters) – The London Bullion Market Association (LBMA) said on Monday that gold held in London vaults totalled 8,488 metric tons at the end of March, up 0.1% from the previous month, as outflows from London to New York slowed down after dislocation. The most active Comex gold futures’ premium over London spot prices …
Gold reserves in London vaults rise in March, says LBMA Read More »
By Dmitry Antonov, Vladimir Soldatkin and Guy Faulconbridge MOSCOW (Reuters) – The Kremlin said on Monday that Russia would do everything necessary to insulate the world’s second largest crude exporter from a global “economic storm” which has sown extreme turbulence in oil markets and raised concerns of a recession. Brent futures fell $1.61, or 2.5%, …
As oil plunges, Kremlin sees a global economic storm Read More »
