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

EXCLUSIVE Twitter under shareholder pressure to seek deal with Musk, sources say

Elon Musk’s twitter account is seen on a smartphone in this photo illustration taken, April 15, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Register April 24 (Reuters) – Twitter Inc (TWTR.N) is coming under increasing pressure from its shareholders to negotiate with Elon Musk even though the world’s richest person has … 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

Inflation and rate hikes ahead: Bankers cautious on the economy

Charles Scharf, CEO, Wells Fargo speaks at the 2021 Milken Institute Global Conference in Beverly Hills, California, US October 18, 2021. REUTERS/David Swanson/File Photo Register now for FREE unlimited access to Register NEW YORK, April 14 (Reuters) – Wall Street’s major banks and asset managers were cautious about the economy as they detailed how … Read more

US banks build reserves on inflation risk, Russia; bright spot trading

WASHINGTON, April 14 (Reuters) – Some big US banks have again started stockpiling cash to cushion potential loan losses due to growing worries over the war in Ukraine and the impact of inflation on the US economy, although trading continues to be bright spot for Wall Street. JPMorgan Chase & Co (JPM.N), Goldman Sachs Group … Read more

UK’s Channel 4 flags privatization would cost nearly $4 bln – The Times

A woman rides in an elevator at Channel 4 Television studios in London, after the government decided to privatize the publicly-owned broadcaster, in London, Britain, April 5, 2022. REUTERS/Tom Nicholson Register now for FREE unlimited access to Register April 8 (Reuters) – British broadcaster Channel 4 has warned the government its privatization would cost … Read more

Wall St Week Ahead Beaten-down growth stocks alluring as Fed slows US economy

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, US, March 21, 2022. REUTERS/Brendan McDermid/File Photo Register now for FREE unlimited access to Register NEW YORK, April 7 (Reuters) – Some investors are looking for bargains in beaten-down growth and tech stocks, betting they will shine as … Read more

Explainer: Clock ticks down towards a Russian default

A view shows Russian ruble coins in this picture illustration taken October 26, 2018. REUTERS/Maxim Shemetov Register now for FREE unlimited access to Register LONDON, April 8 (Reuters) – Russia could face its first sovereign external default in over a century after it made arrangements to make an international bond repayment in rubles earlier … Read more

Crypto and gaming collide in high-risk ‘play-to-earn’ economies

April 8 (Reuters) – Jarindr Thitadilaka says he made as much as $2,000 a month last year from his collection of digital pets, which he would breed and send into battle to win cryptocurrencies. The 28-year-old from Bangkok was playing Axie Infinity, one of a new breed of blockchain-based online games, dubbed “play-to-earn”, which blend … Read more