CEN

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 …

Stock bounce fades and the dollar gains as growth fears return Read More »

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 …

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

Backer of stricken TerraUSD says spent reserves trying to salvage dollar peg

Representations of cryptocurrencies Bitcoin, Ethereum, DogeCoin, Ripple, Litecoin are placed on PC motherboard in this illustration taken, June 29, 2021. REUTERS / Dado Ruvic / Illustration / File Photo Register now for FREE unlimited access to Reuters.com Register ECB officials warn of risks from cryptocurrencies Luna Foundation Guard says reserves depleted to $ 90 million …

Backer of stricken TerraUSD says spent reserves trying to salvage dollar peg Read More »

Analysis: European dealmakers face shrinking debt options as recession risk looms

M&A financing seen as costlier and harder to access Investors flee junk bond market amid monetary tightening Riskier debt sales down 77% so far this year Morrisons underwriters take a hit – source Private lenders step in with uptick in hybrid financing LONDON, May 16 (Reuters) – European dealmakers are struggling to finance corporate takeovers …

Analysis: European dealmakers face shrinking debt options as recession risk looms Read More »

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 …

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

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 …

Stocks, oil slip as dire China data feed recession fears Read More »

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, …

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

Crypto world stabilizes, bitcoin rallies after stablecoin slide

Bitcoin hits intra-day high above $ 30,000 TerraUSD collapse shakes crypto market Analysts say impact on traditional markets limited HONG KONG / LONDON / NEW YORK, May 13 (Reuters) – Cryptocurrencies steadied on Friday, with bitcoin recovering from a 16-month low after a volatile week dominated by the collapse in value of TerraUSD, a so-called …

Crypto world stabilizes, bitcoin rallies after stablecoin slide Read More »