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Stock bounce fades and the dollar gains as growth fears return

LONDON, May 18 (Reuters) – A rebound in stocks ran out of steam on Wednesday as concerns about the economic growth outlook and rising inflation knocked sentiment, while a UK inflation reading of 9% underlined just how much higher interest rates might be headed. European shares were mostly lower and futures on Wall Street pointed …

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UK inflation hits 40-year high of 9.0%, squeezing households harder

UK April inflation rate likely highest in G7 Household energy bills drive up inflation Anti-poverty campaigners demand government action Inflation likely to rise further LONDON, May 18 (Reuters) – British inflation surged last month to its highest annual rate since 1982, pressuring finance minister Rishi Sunak to offer more help for households and the Bank …

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EXCLUSIVE China in talks with automakers on EV subsidy extension -sources

SHANGHAI, May 18 (Reuters) – China is in talks with automakers about extending costly subsidies for electric vehicles (EV) that were set to expire in 2022, aiming to keep a key market growing as the broader economy slows, three people familiar with the matter said. The move by policymakers comes as the world’s second-biggest economy …

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Analysis: Food inflation pain puts emerging markets between rock and hard place

Food makes up 40% of CPI baskets in low income countries A food price index hits record in February, March More governments opt to introduce support measures Risk of social unrest is on the rise over food, fuel price rises LONDON / ISTANBUL / CAIRO, May 17 (Reuters) – Like for millions of people in …

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S.Korea c.bank chief says big-step rate hikes a possibility

The city skyline of Incheon is pictured early morning in an aerial view south of Seoul, South Korea, January 21, 2018. REUTERS / Fabrizio Bensch Register now for FREE unlimited access to Reuters.com Register SEOUL, May 16 (Reuters) – The South Korean central bank chief’s comment that he could consider big-step interest rate raises in …

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Stocks, oil slip as dire China data feed recession fears

Traders are seen in front of a screen with trading figures in red at Thailand Stock Exchange building in Bangkok, Thailand March 13, 2020. REUTERS / Juarawee Kittisilpa / Files Register now for FREE unlimited access to Reuters.com Register Asian stock markets: China retail sales dive 11.1%, output drops 2.9% Nikkei pares gains, S&P 500 …

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US consumer sentiment approaches 11-year low, monthly import prices unchanged

Consumer sentiment index falls 9.4% to 59.1 in May Import prices unchanged in April, up 12.0% year-on-year WASHINGTON, May 13 (Reuters) – US consumer sentiment slumped to its lowest level in nearly 11 years in early May as worries about inflation persisted, but household spending remains underpinned by a strong labor market and massive savings, …

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Shares churn, close down; yields fall after US inflation data

NEW YORK, May 11 (Reuters) – Wall Street stocks closed sharply lower and Treasury yields fell in Wednesday’s volatile session as oil prices rallied and investors worried about the potential for an economic slowdown. US equity indexes hadtraded higher and lower during the volatile session as investors picked through US inflation data for clues about …

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