China mourns former leader Jiang Zemin with bouquets, black front pages

China mourns former leader Jiang Zemin with bouquets, black front pages

BEIJING/SHANGHAI, Dec 1 (Reuters) – Chinese newspapers turned their front pages black on Thursday and flags were put at half mast in mourning for the death of former president Jiang Zemin, while well-wishers ugly piles of bouquets outside his childhood home. Jiang died in his home city of Shanghai just after noon on Wednesday of … Read more

Dow dips ahead of Powell speech; Nasdaq kept afloat by growth stocks

Dow dips ahead of Powell speech;  Nasdaq kept afloat by growth stocks

Tesla up as sales in China nearly double in November – data Fed Chair Powell’s speech at 1330 ET (1830 GMT) US private payrolls growth slows in November – ADP Down 0.47%, S&P off 0.13%, Nasdaq up 0.26% Nov 30 (Reuters) – Wall Street was mixed on Wednesday, with the Dow and S&P 500 down … Read more

Weapons industry booms as Eastern Europe arms Ukraine

Weapons industry booms as Eastern Europe arms Ukraine

E.Europe arms companies step up production for Ukraine Hope to find new markets as defense spends rise Can produce and service Soviet-era and NATO-standard weaponry Poland, Czechs among big suppliers of military aid to Kyiv Industry’s history stretches from 1800s and through Cold War PRAGUE/WARSAW, Nov 24 (Reuters) – Eastern Europe’s arms industry is churning … Read more

Wall Street rises as Fed signals slowdown in rate hikes

Wall Street rises as Fed signals slowdown in rate hikes

Growth stocks bounce as Treasury yields drop Tesla jumps as Citigroup upgrades Nordstrom falls on reduced profit forecast Dow Jones Industrial closed at highest level since April Dow up 0.28%, S&P 500 up 0.59%, Nasdaq up 0.99% Nov 23 (Reuters) – Wall Street’s main indexes ended Wednesday with solid gains after the Federal Reserve’s November … Read more

Explainer: What to expect as Malaysia’s split election leaves scramble to form govt

Explainer: What to expect as Malaysia's split election leaves scramble to form govt

KUALA LUMPUR, Nov 20 (Reuters) – Malaysia’s political leaders were scrambling to form a coalition government on Sunday after an election produced an unprecedented hung parliament, with no group able to claim a majority. Longtime opposition leader Anwar Ibrahim and former Prime Minister Muhyiddin Yassin each said they could form a government with support from … Read more

ECB begins great cash mop-up as banks repay 296 bln euros of loans

ECB begins great cash mop-up as banks repay 296 bln euros of loans

Repayment much lower than expected Key money-market rate falls after announcement Move seen as first step towards bond unwind FRANKFURT, Nov 18 (Reuters) – Euro zone banks are set to repay nearly 300 billion euros ($310 billion) in loans to the European Central Bank next week, the ECB said on Friday, the biggest cash withdrawal … Read more

APEC summit disrupted by North Korean ICBM test

APEC summit disrupted by North Korean ICBM test

North Korea tests missile as leaders gather for summit Thai pro-democracy protesters tussle with police Thai PM calls for change for sustainable future BANGKOK, Nov 18 (Reuters) – Several Asia-Pacific leaders gathered for an economic summit in the Thai capital broke away from their meeting on Friday to condemn North Korea after it test-fired an … Read more

Wall Street drops as hawkish Fed official comments weigh

Wall Street drops as hawkish Fed official comments weigh

Fed’s Bullard backs more rate hikes Data shows US labor market remains tight Cisco shares rise after co raises full-year outlook Macy’s jumps on profit forecast raise Indexes down: Dow 0.02%, S&P 0.31%, Nasdaq 0.35% Nov 17 (Reuters) – Wall Street’s main indexes ended modestly lower on Thursday in a choppy session as hawkish comments … Read more

Trump’s 2024 presidential bid a fresh wrinkle for markets

Trump's 2024 presidential bid a fresh wrinkle for markets

NEW YORK, Nov 16 (Reuters) – Former President Donald Trump’s entry on Tuesday into the 2024 presidential race confirmed the world’s “worst kept secret” and created another variable for markets that some investors say remains a low priority for now. Trump, who has mounted relentless attacks on the integrity of US voting since his 2020 … Read more

G20 summit deplores war in Ukraine ‘in strongest terms’

G20 summit deplores war in Ukraine 'in strongest terms'

G20 says ‘most members’ condemn war in Ukraine Threat of use of nuclear weapons ‘inadmissible’ -declaration Agreement to calibrate monetary tightening NUSA DUA, Indonesia, Nov 16 (Reuters) – Leaders of the Group of 20 (G20) nations deplored Russia’s aggression in Ukraine “in the strongest terms” on Wednesday and demanded its unconditional withdrawal in a declaration … Read more