EASIA

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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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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Iraq balks at greater Chinese control of its oilfields

Iraq persuaded Lukoil to halt sale to Sinopec – sources Baghdad concerned China becoming too dominant – sources Western firms not happy with terms of Iraqi deals LONDON / BASRA, May 17 (Reuters) – Iraq’s oil ministry thwarted three prospective deals last year that would have handed Chinese firms more control over its oilfields and …

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Shanghai targets June COVID lockdown exit as China economy slumps

Shanghai aims for return to normal from June 1 City’s residents frustrated with shifting schedules China’s retail sales, industrial output plunge in April SHANGHAI / BEIJING, May 16 (Reuters) – Shanghai set out plans on Monday for the end of a painful COVID-19 lockdown that has lasted more than six weeks, heavily bruising China’s economy, …

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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 …

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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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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 …

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