Stocks see steepest drop since 2020 as central bankers rattle markets

BOJ is an outlier as major central banks hike rates Investors’ recession fears grow US Stocks Prepare to Rebound; S&P 500 seen up 0.9% LONDON, June 17 (Reuters) – Global stocks were headed for their worst week since the pandemic collapse of markets in March 2020, as major central banks stepped up tightening policies in … Read more

China launches third aircraft carrier, named for province off Taiwan

The Chinese flag is seen in this illustration taken on May 30, 2022. REUTERS/Dado Ruvic/Illustration Sign up now for FREE unlimited access to Reuters.com Record BEIJING, June 17 (Reuters) – China launched its third aircraft carrier, the Fujian, named after the province against self-ruled Taiwan on Friday, sending a statement of intent to rivals as … Read more

European leaders visit Ukraine, hoping to join the EU

Zelenskiy thanks EU leaders for solidarity visit Leaders tour the ruined city of Irpin Fighting intensifies in Sievierodonetsk and southern Ukraine KYIV/IRPIN, Ukraine, June 16 (Reuters) – The leaders of Germany, France and Italy, all criticized in the past by Kyiv for their support seen as too cautious, visited Ukraine on Thursday and offered the … Read more

Protests Against India’s New Military Recruitment System Turn Violent

LUCKNOW, India, June 16 (Reuters) – Police in northern India fired into the air on Thursday to push back stone-throwing crowds and authorities cut off mobile internet in at least one district to prevent further chaos, while protests against a new military recruitment system were spreading. Prime Minister Narendra Modi’s government this week announced a … Read more

Wall Street rebounds to close higher after Fed statement

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., June 13, 2022. REUTERS/Brendan McDermid/File photo Sign up now for FREE unlimited access to Reuters.com Record The Fed announces the biggest rate hike since 1994 Powell: Don’t expect 75 bps to be the norm S&P 500 snaps five-session … Read more

Russia tells Ukraine to lay down arms in Sievierodonetsk battle

Sievierodonetsk city focus of struggle for eastern Ukraine Hundreds of people trapped in Sievierodonetsk’s Azot chemical plant NATO defense ministers to discuss military aid to Ukraine Kyiv, June 15 (Reuters) – Russia told Ukrainian forces sheltering at a chemical plant in the besieged city of Sievierodonetsk to lay down their arms early on Wednesday, seizing … Read more

Biden to meet Saudi crown prince despite ‘outcast’ promise

WASHINGTON, June 14 (Reuters) – U.S. President Joe Biden will meet Saudi Crown Prince Mohammed bin Salman during a trip to the Middle East in July, in a break with his campaign promise to turn the kingdom an “outcast” as he struggles to combat record US gas prices. Weeks after taking office, Biden changed US … Read more

Pope criticizes Russian ‘cruelty’ in Ukraine, says invasion violates nation’s rights

Pope Francis addresses the crowd as he arrives for his weekly general audience at the Vatican, June 8, 2022. REUTERS/Guglielmo Mangiapane Sign up now for FREE unlimited access to Reuters.com Record The Pope praises the Ukrainians for their “heroic” resistance Says war shouldn’t be seen in terms of black and white He hopes to meet … Read more

Asian stocks slide as Fed hike fears push Wall Street into bear market

HONG KONG, June 14 (Reuters) – Asian stocks fell sharply and the safe-haven dollar hovered near a two-decade high on Tuesday after Wall Street hit a confirmed bear market milestone on fears that aggressive gains in US interest rates will boost the world’s largest economy. in recession MSCI’s broadest index of Asia-Pacific stocks outside of … Read more

No way out for Ukrainians in besieged city as Russian forces destroy last bridge

Last bridge to Sievierodonetsk destroyed: Governor Ukraine seeks shells, tanks and drones from the West Russia reports destroying some US and European weapons Kyiv, June 14 (Reuters) – Russian forces cut off all routes to evacuate citizens from the eastern Ukraine city of Sievierodonetsk, destroying the last bridge linking it to a Ukrainian-held city across … Read more