Euro slumps to two-decade low as recession fears grow

Euro slumps to two-decade low as recession fears grow

Euro drops to lowest level since end of 2002 Dollar rises on safe-haven demand Yen sinks near 24-year lows again NEW YORK/LONDON, July 5 (Reuters) – Safe-haven demand strengthened the dollar on Tuesday to levels last seen in 2002 while the euro slumped to two-decade lows as the latest surge in European gas prices fueled … Read more

Cryptoverse: The bonfire of the NFTs

Cryptoverse: The bonfire of the NFTs

July 5 (Reuters) – The NFT dream isn’t dead, but it’s taken a big non-fungible beating. The market shone gloriously last year as crypto-rich speculators spent billions of dollars on the risky assets, pumping up prices and profits. Now, six months into 2022, it’s looking ugly. Monthly sales volume on the largest NFT marketplace, OpenSea, … Read more

Inflation at 24-yr high adds to strains in South Korea’s economy

Inflation at 24-yr high adds to strains in South Korea's economy

A woman wearing a protective mask is seen at a fish market amid the coronavirus disease (COVID-19) outbreak continues in Seoul, South Korea April 5, 2020 REUTERS/Kim Hong-Ji Register now for FREE unlimited access to Reuters.com Register June inflation at highest since 1990s Asia financial crisis Foreign exchange reserves fall in June by most since … Read more

China rejects NASA accusation it will take over the moon

China rejects NASA accusation it will take over the moon

NASA Administrator Bill Nelson speaks prior to the launch of an Atlas V rocket carrying Boeing’s CST-100 Starliner capsule to the International Space Station in a do-over test flight at Kennedy Space Center in Cape Canaveral, Florida, US July 29, 2021. REUTERS /Joe Skipper/File Photo Register now for FREE unlimited access to Reuters.com Register BEIJING, … Read more

Stocks up in holiday mood on resilient oil

Stocks up in holiday mood on resilient oil

Oil recovers after losing $1 a barrel in early trade Nikkei rises 0.84%, Chinese stocks up 0.7% FTSE up more than 1%, S&P futures down 0.3% Payrolls seen slowing this week, Fed minutes seen hawkish LONDON, July 4 (Reuters) – World stocks rose on Monday in trade thinned by a US holiday, benefiting from a … Read more

Chinese property developer Shimao misses repayment on $1 billion bond

Chinese property developer Shimao misses repayment on $1 billion bond

HONG KONG, July 3 (Reuters) – Chinese property developer Shimao Group (0813.HK) has missed the interest and principal payment of a $1 billion offshore bond due on Sunday, in the latest blow to China’s embattled property market. The non-repayment was the first missed public offshore payment for the Shanghai-based developer. With an outstanding $6.1 billion … Read more

Boeing disappointed after China’s top three airlines buy 300 Airbus planes

Boeing disappointed after China's top three airlines buy 300 Airbus planes

The Boeing logo is pictured at the Latin American Business Aviation Conference & Exhibition fair at Congonhas Airport in Sao Paulo, Brazil August 14, 2018. REUTERS/Paulo Whitaker// Register now for FREE unlimited access to Reuters.com Register July 1 (Reuters) – Boeing Co (BA.N) said on Friday “it is disappointing that geopolitical differences continue to constrain … Read more

Russia seizes control of Sakhalin gas project, raises stakes with West

Russia seizes control of Sakhalin gas project, raises stakes with West

Putin signed decree to secure all rights on Thursday Five-page decree follows tightening Western sanctions Move raises risks for Western firms still in Russia Shell was already in talks to sell up Sakhalin stake TOKYO/LONDON, July 1 (Reuters) – President Vladimir Putin has raised the stakes in an economic war with the West and its … Read more

Stocks swing higher as China eases quarantine rules

Stocks swing higher as China eases quarantine rules

A man wearing a protective mask, amid the coronavirus disease (COVID-19) outbreak, walks past an electronic board displaying graphs (top) of Nikkei index outside a brokerage in Tokyo, Japan, March 10, 2022. REUTERS/Kim Kyung-Hoon Register now for FREE unlimited access to Reuters.com Register HONG KONG, June 28 (Reuters) – Asian shares swung into positive territory … Read more

French energy giants urge consumers to cut energy use

French energy giants urge consumers to cut energy use

A couple of stork stands in a nest on the top of a pylon of high-tension electricity power lines in front of a smoke stack of the Electricite de France (EDF) coal-fired power plant of Cordemais in Bouee, France, February 25, 2022. REUTERS/Stephane Mahe Register now for FREE unlimited access to Reuters.com Register PARIS, June … Read more