GE shares slump as worsening supply chain, inflationary woes pressure profit

A traffic light is seen in front of a logo of General Electric at the company’s plant in Birr, Switzerland June 17, 2019. REUTERS/Arnd Wiegmann/File Photo Register now for FREE unlimited access to Reuters.com Register April 26 (Reuters) – General Electric Co (GE.N) on Tuesday said fresh COVID-19 pandemic-related lockdowns in China as well as … 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

Germany pledges quick decision on first heavy arms delivery to Ukraine

BERLIN, April 25 (Reuters) – Germany will decide soon on whether to approve the delivery of 100 old Marder infantry fighting vehicles to Ukraine, a government spokesperson said on Monday, in what would be the first German heavy weapons shipment to Ukraine. German defense company Rheinmetall (RHMG.DE) has requested approval to export the vehicles to … Read more

Analysis: US trucking downturn foreshadows possible economic gloom

April 25 (Reuters) – Craig Fuller monitors millions of transactions between US truckers and their customers as chief executive of transportation data company FreightWaves – and he does not like what he is seeing. There has been an unexpectedly sharp downturn in demand to truck everything from food to furniture since the beginning of March … Read more

Thousands of farmers stage anti-tax protest in Argentina capital

BUENOS AIRES, April 23 (Reuters) – Thousands of Argentine farmers protested in Buenos Aires on Saturday against President Alberto Fernandez, whose policies to contain food prices to curb rampant inflation have been criticized by the agricultural sector. Argentina is one of the world’s top food exporters and the sector is key to Latin America’s third-largest … Read more

Factbox: Companies count the cost of ditching Russia

April 22 (Reuters) – Multinational companies that announced their exit from Russia, or suspension of activities there, after its invasion of Ukraine have started to calculate losses associated with their decisions. Below is an alphabetical list of firms that have provided cost estimates related to their temporary or permanent halt of business in Russia: AB … 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

Russia investigates media report on presence of British SAS special forces in Ukraine

LONDON, April 23 (Reuters) – Russia’s top state investigative body said on Saturday it was looking into a Russian media report alleging that sabotage experts from Britain’s SAS special forces have been deployed to western Ukraine. The Special Air Service is an elite military force trained to conduct special operations, surveillance and counter-terrorism. Russia’s RIA … Read more

Russia renews assault on Mariupol and missiles hit Odesa, Ukraine says

Luhansk governor says barrage in east intensifying Russia attacking Mariupol defenders – Ukrainian official Missiles hit Odesa military facility – Ukraine’s military UK says Russian forces made no big gains in last 24 hours KYIV, April 23 (Reuters) – Russia resumed its assault on the last Ukrainian defenders holed up in a giant steel works … Read more

US Postal Service chief warns of inflation impact

WASHINGTON, April 22 (Reuters) – US Postmaster General Louis DeJoy says the agency is dealing with significant inflation costs as it works to stem losses, acknowledging higher costs will put further pressure on stamp prices. DeJoy told Reuters in a 90-minute interview late on Wednesday the US Postal Service (USPS) is feeling the impact of … Read more