Asian Stocks Lose Gains Made in Shorter China Quarantine as Recession Fears Persist

A man wearing a protective mask, amid the coronavirus disease (COVID-19) outbreak, looks at an electronic board showing Japan’s Nikkei index outside a brokerage house in Tokyo, Japan, on March 7, 2019. 2022. REUTERS/Kim Kyung-Hoon Sign up now for FREE unlimited access to Reuters.com Record TOKYO, June 29 (Reuters) – Asian stock markets fell on … Read more

Credit Suisse found guilty in cocaine cash laundering case

Credit Suisse first major Swiss bank to face criminal trial Former banker found guilty of qualifying money laundering Bank plans to appeal BELLINZONA, Switzerland, June 27 (Reuters) – Credit Suisse (CSGN.S) was convicted by the Swiss Federal Criminal Court on Monday of failing to prevent money laundering by a Bulgarian gang of cocaine traffickers in … Read more

Oil Prices Rise Ahead of G7 Talks on New Russian Sanctions

Crude oil storage tanks are seen at the Kinder Morgan Terminal in Sherwood Park, near Edmonton, Alberta, Canada, November 14, 2016. REUTERS/Chris Helgren Sign up now for FREE unlimited access to Reuters.com Record LONDON, June 27 (Reuters) – Oil prices rose in a volatile session on Monday as investors awaited any moves against Russian oil … Read more

Russia enters default zone when payment deadline expires

The Spasskaya Tower clock showing the time at noon is pictured next to Moscow’s Kremlin and Saint Basil’s Cathedral, March 31, 2020. REUTERS/Maxim Shemetov Sign up now for FREE unlimited access to Reuters.com Record Grace period runs out on $100 million interest payment due May 27 Some Taiwanese bondholders missed payment on Monday: sources Russia … Read more

G7 aims to raise 600 billion dollars to counter China’s Belt and Road

US President Joe Biden attends a working lunch with other G7 leaders to discuss the shaping of the global economy at the Yoga Pavilion, Schloss Elmau in Kuren, Germany on June 26, 2022. Kenny Holston /Pool via REUTERS Sign up now for FREE unlimited access to Reuters.com Record SCHLOSS ELMAU, Germany, June 26 (Reuters) – … Read more

EU plans for a life without Russian gas amid rising inflation

‘The notion of cheap energy is gone,’ says Latvian PM Inflation in the euro zone has skyrocketed to record highs Germany warns some industries may have to close this winter BRUSSELS, June 24 (Reuters) – EU leaders warned on Friday that “cheap energy is over” and agreed to boost preparations for further Russian gas cuts, … Read more

Stocks moderate their inflation expectations due to the blow to copper

S&P futures up 0.9%, European stocks gain 1.5% MSCI Global Shares Target 2.5% Weekly Gain Copper falls more than 7% in the week, oil falls 2% German 10-year bond yield falls 4 bps LONDON, June 24 (Reuters) – Global stocks were headed for their first weekly gain in a month and Wall Street was set … Read more

Toyota and Subaru shares fall on ‘shameful’ recalls of early electric vehicles

TOKYO, June 24 (Reuters) – Toyota Motor (7203.T)Shares fell after it withdrew some of its first mass-produced all-electric cars, launched two months ago, due to the risk of wheels coming loose, a setback to its ambitions to electrify its model range. Toyota, the world’s largest automaker by sales, said on Thursday it would recall 2,700 … Read more

Exclusive: Inside the hangar at the center of the $1 billion Airbus-Qatar plane dispute

DOHA, June 22 (Reuters) – Two high-tech Airbus A350 jets sit idle with windows sealed and engines covered in a lighted hangar in the Gulf, hampered by an international legal dispute between European industrial giant Airbus. (AIR.PA) and the national airline of Qatar. From a distance, the planes may look like any other long-haul aircraft … Read more

Biggest rail strike in 30 years brings UK to a standstill

More than 40,000 railway workers on strike Government under pressure over cost of living crisis Unions say strike may kick off ‘summer of discontent’ LONDON, June 21 (Reuters) – Britain’s biggest rail strike in 30 years began on Tuesday as tens of thousands of employees walked out in a dispute over wages and jobs that … Read more