Siemens to leave Russia due to Ukraine war, take hefty charge

Siemens to leave Russia due to Ukraine war, take hefty charge

Siemens to leave Russia after 170 years Russia makes up around 1% of total revenues Shares fall after earnings miss CEO condemns the war in Ukraine ZURICH, May 12 (Reuters) – Siemens (SIEGn.DE) will quit the Russian market due to the war in Ukraine, it said on Thursday, taking a 600 million euro ($630 million) … Read more

Stocks in a tailspin, dollar soars as hard landing fears grow

Stocks in a tailspin, dollar soars as hard landing fears grow

A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai, India, February 1, 2020. REUTERS/Francis Mascarenhas Register now for FREE unlimited access to Reuters.com Register World stocks drop to 1-1/2 yr low, down almost 20% YTD Europe opens down 2% US equity futures struggle Dollar hits 2yr highs on … Read more

Stocks see slight recovery but negative outlook persists

Stocks see slight recovery but negative outlook persists

LONDON, May 10 (Reuters) – European stock indexes opened higher on Tuesday, with risk appetite showing some recovery after Monday’s sharp falls, but analysts said fears over lower growth were still weighing on markets. Asian equities slipped to their lowest in nearly two years overnight, before trimming losses. read more A tumble in stock markets … Read more

Stocks suffer renewed slide on growth fears, dollar extends rally

Shares gain as oil slips on hopes for Ukraine progress

LONDON, May 9 (Reuters) – Stocks fell heavily again on Monday and the dollar rocketed to a new two-decade high as worries about higher interest rates and a tightened lockdown in Shanghai deepened investors’ fears that the global economy is rapidly heading for a slowdown. After a bruising session on Friday in which US stocks … Read more

EXCLUSIVE Biden sidelined global energy partners with record emergency oil release

EXCLUSIVE Biden sidelined global energy partners with record emergency oil release

LONDON, May 9 (Reuters) – The United States announced a record-sized release of emergency crude oil reserves in March without consulting partners in the International Energy Agency, leaving them scrambling to match with releases of their own, according to two sources familiar with the matter. Unilateral action by Washington to address global supply or price … Read more

South Korea hunts tungsten treasure in breed for rare minerals

South Korea hunts tungsten treasure in breed for rare minerals

S.Korean tungsten mine gets $100 million makeover Dozens of new mineral projects launched globally Green, digital booms fuel demand for rare minerals China is pre-eminent in critical minerals supply GRAPHIC-S.Korea’s reliance on China: SANGDONG, South Korea, May 9 (Reuters) – Blue tungsten winking from the walls of abandoned mine shafts, in a town that’s seen … Read more

Yelp, other companies take stance on abortion rights with travel benefit

Yelp, other companies take stance on abortion rights with travel benefit

May 6 (Reuters) – Yelp Inc, Amazon.com, and Citigroup are among a small but growing number of companies rolling out policies to cover costs for American employees who need to travel out of state for an abortion. Yelp Inc (YELP.N) was one of the first to offer support for its employees who might need to … Read more

Musk’s $44 bln Twitter buyout challenged in shareholder lawsuit

Musk's $44 bln Twitter buyout challenged in shareholder lawsuit

May 6 (Reuters) – Elon Musk and Twitter Inc (TWTR.N) were sued on Friday by a Florida pension fund seeking to stop Musk from completing his $44 billion takeover of the social media company before 2025. In a proposed class action filed in Delaware Chancery Court, the Orlando Police Pension Fund said Delaware law forbade … Read more

Stocks cower as dollar marches to two-decade highs

Stocks cower as dollar marches to two-decade highs

US stock futures down 0.6% European stocks heading for worst week in 2 months MSCI Asia ex-Japan index drops 2.87% LONDON, May 6 (Reuters) – The US dollar hit 20-year highs and world stocks fell towards their lowest in over a year on Friday as markets anticipated more US interest rate rises, while Asian stocks … Read more

Morning Bid: Sell everything (except the dollar)!

Morning Bid: Sell everything (except the dollar)!

A trader works on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, US, May 5, 2022. REUTERS/Andrew Kelly/Files Register now for FREE unlimited access to Reuters.com Register A look at the day ahead in markets from Dhara Ranasinghe. When the blue-chip Dow Jones index slides more than 1,000 … Read more