Swiss gold exports to the United States rocketed in March

Gold bars from the vault of a bank are seen in this illustration picture taken in Zurich, Switzerland, November 20, 2014. REUTERS/Arnd Wiegmann/File Photo Register now for FREE unlimited access to Reuters.com Register LONDON, April 26 (Reuters) – Swiss shipments of gold to the United States surged in March to their highest since May 2020, … Read more

Shares fragile, dollar soars on growth scare and Fed bets

World shares steady, earnings prop up Europe, US futures dip China stocks fall further as Beijing races to battle COVID Dollar hits fresh 2-year peak on China COVID fears, Fed bets Yuan above 1-year low after PBOC cuts FX reserve ratio Graphic: Global asset performance MILAN, April 26 (Reuters) – World shares steadied on Tuesday … Read more

Oil slumps 4% as Shanghai lockdowns stoke demand fears

Pump jacks operate at sunset in Midland, Texas US February 11, 2019. Picture taken February 11, 2019. REUTERS/Nick Oxford/File Photo Register now for FREE unlimited access to Reuters.com Register Shanghai COVID lockdowns drag into fourth week EU considers ‘smart sanctions’ on Russian oil -media US dollar hits two-year high on potential interest rate rise NEW … Read more

Higher inflation factors into review of tariffs on Chinese goods- White House

WASHINGTON, April 25 (Reuters) – The Biden administration is carefully studying the inflationary impact of tariffs imposed on China by former President Donald Trump’s administration given a surge in consumer prices, White House press secretary Jen Psaki said on Monday. PSAKI said she had no news on tariff reductions since US Trade Representative Katherine Tai … Read more

Graphic chip price drop raises questions on whether end of shortage is in sight

April 25 (Reuters) – A sharp drop in graphic chip prices could presage an unexpectedly quick ending to a global chip crunch that has crippled manufacturing from smartphones to cars, and the issue will be a central one for companies reporting results this week. As Intel (INTC.O), Qualcomm (QCOM.O) and others report, investors will weigh … Read more

Putin accuses West of ‘terror’, tells prosecutors to be tough

Russian President Vladimir Putin attends the Orthodox Easter service at the Cathedral of Christ the Savior in Moscow, Russia April 23, 2022. Picture taken April 23, 2022. Sputnik/Sergei Fadeichev/Pool via REUTERS Register now for FREE unlimited access to Reuters.com Register Putin says West is trying to destroy Russia from within Western-backed assassins tried to kill … Read more

Japan’s finance ministry official denies report Japan, US discussed joint FX intervention

Japan Yen and US Dollar notes are seen in this June 22, 2017 illustration photo. REUTERS/Thomas White/Illustration/File Photo Register now for FREE unlimited access to Reuters.com Register TOKYO, April 23 (Reuters) – A senior Japanese finance ministry official on Saturday denied a media report that Japan and the United States discussed coordinated currency intervention to … Read more

Shanghai’s economy slows as COVID deals blow to industry, retail

BEIJING, April 23 (Reuters) – The economy of Shanghai, China’s most populous city, slowed in the first quarter from the end of 2021, hurt by rare declines in industrial output and retail sales that were hammered by the country’s most serious COVID outbreak. Shanghai’s gross domestic product (GDP) grew 3.1% in the first quarter from … Read more

Gold marks weekly dip on looming rate hikes, dollar rally

Spot gold hits two-week trough Silver on track for biggest weekly drop since late January April 22 (Reuters) – Gold fell 1% on Friday and was set for its biggest weekly decline since mid-March as signs of faster policy tightening by the Federal Reserve lifted Treasury yields and the dollar. Spot gold was down 0.9% … Read more

Japan, Russia sign fishing deal despite Ukraine tensions

Russian salmon are displayed at a fish store, amid Russia’s invasion of Ukraine, in Nemuro on Japan’s northern island of Hokkaido, April 11, 2022. REUTERS/Daniel Leussink/File Photo Register now for FREE unlimited access to Reuters.com Register TOKYO, April 23 (Reuters) – Japan and Russia struck a deal on Tokyo’s fishing quota to catch salmon and … Read more