Stocks fall, oil slumps on recession fears

Pedestrians wait to cross a road at an intersection near a giant display of stock indexes in Shanghai, China, August 3, 2022. REUTERS/Aly Song Register now for FREE unlimited access to Reuters.com Register SINGAPORE, Aug. 16 (Reuters) – Asian markets struggled for direction on Tuesday, weighted by concerns over global growth after weak Chinese data … Read more

China to cancel holdings of US Treasuries for 7th month

American and Chinese flags are seen in front of a US dollar banknote featuring American founder Benjamin Franklin and a Chinese yuan banknote featuring late Chinese chairman Mao Zedong in this illustration photo, taken May 20, 2019. REUTERS/Jason Lee /Illustration Register now for FREE unlimited access to Reuters.com Register NEW YORK, Aug. 15 (Reuters) – … Read more

Exclusive: Europe looks to Musk’s SpaceX to bridge launch gap created by tensions in Russia

PARIS, Aug. 12 (Reuters) – The European Space Agency (ESA) has entered preliminary technical talks with Elon Musk’s SpaceX that could lead to the temporary use of its launch vehicles after the conflict in Ukraine blocked Western access to Russian Soyuz missiles. The privately held US competitor to Europe’s Arianespace has emerged as a key … Read more

The gaming industry’s fortunes are fading as spending pressures follow a pandemic

Aug 10 (Reuters) – Gaming companies are facing a slowdown in video game demand from pandemic highs, casting doubt on their ability to weather an economic downturn. Rising prices and a lack of hit titles have compounded problems for video game publishers Activision Blizzard Inc (ATVI.O) and Electronic Arts (EA.O) who are also dealing with … Read more

World stocks recover after US job sell-off

Euro STOXX gains 0.8% Wall Street is going to win Markets narrow chance of 75bp gain ahead of US CPI Dollar falls Oil down after previous gains LONDON, Aug. 8 (Reuters) – Global stock markets gained on Monday, recovering from losses caused by a strong US jobs report last week, which bolstered calls for sharp … Read more

Russia Bans Western Investors From Selling Banking And Key Energy Holdings

Russian President Vladimir Putin chairs a meeting on the development of the country’s metallurgical sector, via video link in the Kremlin in Moscow, Russia, Aug. 1, 2022. Sputnik/Pavel Byrkin/Kremlin via REUTERS Register now for FREE unlimited access to Reuters.com Register This content was produced in Russia, where the law limits coverage of Russian military operations … Read more

China’s car maker decline is a global warning

Stellantis CEO Carlos Tavares holds a press conference after a meeting with unions in Turin, Italy, March 31, 2022. REUTERS/Massimo Pinca Register now for FREE unlimited access to Reuters.com Register HONG KONG, Aug. 5 (Reuters Breakingviews) – Political meddling is just one of the problems facing western automakers in China. Stellaantis (STLA.MI), Chief Executive Carlos … Read more

US calls China’s military action against Taiwan unjustified, Pelosi. sanctions Pelosi

Taiwan plays away worries China organizes unprecedented military exercises around Taiwan Follows US House Speaker Pelosi’s visit to Taipei China says it will punish Pelosi for ‘cruel’ actions Pelosi, in Japan, joins Prime Minister Kishida in condemning China TAIPEI, Aug. 5 (Reuters) – China’s firing of missiles during military exercises around Taiwan was an unwarranted … Read more

Stocks rise faster than US jobs data

Asian equities for third week of gains in a row Taiwan leads Asian gains; US European stock futures up Treasury yield curve remains sharply inverted Oil is nearing six-month lows HONG KONG, Aug. 5 (Reuters) – Asian stocks gained Friday ahead of US jobs data that will provide another clue to the health of the … Read more

Pelosi praises Taiwan, says Asian travel wouldn’t change status quo

TOKYO, Aug. 5 (Reuters) – US House of Representatives Speaker Nancy Pelosi on Friday praised Taiwan, pledged US solidarity and said her Asia journey, which led to unprecedented military exercises by an angry China, was never about the changing the regional status quo. Pelosi and a congressional delegation were in Japan on the final leg … Read more