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By Saikat Chatterjee LONDON (Reuters) – A market trends indicator by BofA Securities fell to zero for the first time since the pandemic-induced mayhem in financial markets in 2020, signalling extreme bearishness as investors dumped credit and crypto assets. Though U.S. stocks confirmed a bear market this week that began in January this year and …

Market positioning suggests more pain for equities despite rout – BofA Read More »

PARIS (Reuters) – The Gironde department around Bordeaux banned outdoor public events and those at indoor venues without air conditioning, a local official told public radio on Friday, as France is gripped by an early heat wave. Local prefect Fabienne Buccio told France Bleu radio that concerts and large gatherings, including some of the official …

Bordeaux region bans outdoor events as heat wave hits France Read More »

By Jesús Aguado MADRID (Reuters) -Spain’s Santander named Mexican-born Hector Grisi as its new chief executive officer to oversee the bank’s digital transformation and growth strategy when the whole industry is rattled by global economic uncertainty. Grisi, 55, who made the bank’s U.S. business its most profitable last year, will take the helm from January …

Santander appoints Grisi as new CEO to oversee growth, digital push Read More »

PARIS (Reuters) – Ukraine alone should decide whether or not to accept any territorial concessions towards Russia in view of ending the war, French President Emmanuel Macron told TF1 television in an interview as he visited Kyiv. “This is up to Ukraine to decide,” Macron said when asked what concessions, including on its territory, Ukraine …

France’s Macron says up to Ukraine to decide on potential territorial concessions Read More »

VATICAN CITY (Reuters) – Pope Francis has accepted a request by a Belgian bishop to not be made a cardinal because it might hurt the feelings of victims of sexual abuse, the Belgian bishops conference said on Thursday. The conference said the pope’s decision to name Luc Van Looy, the bishop emeritus of Ghent, a …

Belgian bishop turns down cardinal role over sexual abuse criticism Read More »

(Reuters) -Tesla Inc again raised prices for all its car models in the United States in response to persistent global supply-chain problems and soaring raw material costs. The electric carmaker increased its Model Y long-range price to $65,990 from $62,990, its website showed on Thursday, after delaying U.S. deliveries of some long-range models by up …

Tesla to charge more for cars in United States as inflation bites Read More »

By Simon Lewis IRPIN, Ukraine (Reuters) -The leaders of France, Germany, Italy and Romania walked amid the ruined buildings of the Ukrainian town of Irpin on Thursday in a show of support which the Kyiv government hopes will be followed by concrete action to help it in the war with Russia. Irpin, which had a …

German, French, Italian leaders in Irpin in show of support Read More »

By Davide Barbuscia NEW YORK (Reuters) – Investors’ faith in a soft landing for the U.S. economy is being heavily tested, as a jumbo-sized interest rate hike from the Federal Reserve stirs worries over recession and more volatile trading ahead. Analysts and investors said they believe a recession is more likely after the Fed at …

Analysis-Investors brace for recession, more market turmoil after Fed’s supersized hike Read More »