Sterling falls to 21-month low vs dollar amid growth worries

Wads of British Pound Sterling banknotes are stacked in piles at the Money Service Austria company’s headquarters in Vienna, Austria, November 16, 2017. REUTERS/Leonhard Foeger Register now for FREE unlimited access to Reuters.com Register LONDON, April 26 (Reuters) – Sterling held near its lowest levels since 2020 on Tuesday against a broadly firm dollar, with … Read more

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

UN wants to coordinate efforts to save lives in Mariupol, UN chief tells Russia

United Nations Secretary General Antonio Guterres speaks during the 11th emergency special session of the 193-member UN General Assembly on Russia’s invasion of Ukraine, at the United Nations Headquarters in Manhattan, New York City, New York, US February 28, 2022. REUTERS/ Carlo Allegri Register now for FREE unlimited access to Reuters.com Register April 26 (Reuters) … 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

Kremlin voices concern after blasts hit breakaway Moldovan region

CHISINAU, April 26 (Reuters) – Moldova held an urgent security meeting on Tuesday and the Kremlin voiced serious concerns after two blasts damaged Soviet-era radio masts in the breakaway region of Transdniestria where authorities said a military unit was also targeted. The Moldovan authorities are sensitive to any sign of growing tensions in Transdniestria, an … 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

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

Norway arrests activists blocking tanker unloading Russian oil

OSLO, April 25 (Reuters) – Norwegian police said they had arrested 20 Greenpeace and Extinction Rebellion campaigners who on Monday blocked a tanker from delivering Russian oil to an Exxon Mobil terminal. In a protest against Russia’s invasion of Ukraine, activists had fastened their red rubber dinghy to the Ust Luga’s anchor chain, Greenpeace said, … 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