Russian gas to Europe falls short as heatwave drives demand

FILE PHOTO – Pipes at the landfall facilities of the ‘Nord Stream 1’ gas pipeline are pictured in Lubmin, Germany, March 8, 2022. REUTERS/Hannibal Hanschke Register now for FREE unlimited access to Reuters.com register Italy receives 50% less gas than requested on Friday Germany’s Uniper receives 60% less gas Russia says must wait and see … Read more

Swiss National Bank raises rates in shock move, ready for more

The building of the Swiss National Bank (SNB) is pictured in Bern, Switzerland June 16, 2022. REUTERS/Arnd Wiegmann Register now for FREE unlimited access to Reuters.com register SNB hikes rates for first time since 2007 Chairman says franc is no longer highly valued Safe-haven franc surges after decision Economists surprised by move, expect more hikes … Read more

How crypto lender Celsius stumbled on risky bank-like investments

Celsius Network logo and representations of cryptocurrencies are seen in this illustration taken, June 13, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Register now for FREE unlimited access to Reuters.com register June 15 (Reuters) – Celsius Network, the retail crypto lending platform whose liquidity problems have felt cryptocurrencies plunging, stumbled on complex investments in the wholesale digital asset … Read more

Emergency ECB meeting lifts Europe, Fed ready to go big

News of emergency ECB meeting sends Italian markets soaring Market almost fully priced for Fed to hike 75 bps Euro rally knocks dollar off 20-yr peak, US yields off decade top China economic data slightly beat forecasts, still weak LONDON/SYDNEY, June 15 (Reuters) – European markets rallied on Wednesday on news the European Central Bank … Read more

Explainer: US yield curve inverts again: What is it telling us?

US dollar banknote in front of stock graph is seen in this illustration taken, June 12, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com register NEW YORK, June 13 (Reuters) – A closely watched part of the US Treasury yield curve inverted on Monday for the first time since April following hotter-than-anticipated … Read more

Japan edges closer to intervention in yen

Japan says ‘concerned’ about sharp yen falls Top currency diplomat says ‘all options on table’ Tokyo ready to respond appropriately in accordance with the G7 policy Yen fall puts pressure on BOJ ahead of next week’s meeting Analysts see low chance of intervention, BOJ policy tweak TOKYO, June 10 (Reuters) – Japan’s government and central … Read more

Goodbye Golden Arches: rebranded McDonald’s to reopen in Russia

McDonald’s has been hugely popular in Russia since early 1990s It is among Western firms exiting Russia over Ukraine Company had operated nearly 850 restaurants across Russia McDonald’s restaurants to reopen on Sunday under new ownership June 10 (Reuters) – Sunday marks a new dawn for Russia’s fast-food lovers as former McDonald’s Corp (MCD.N) restaurants … Read more

US agency upgrades Tesla Autopilot safety probe, step before possible recall

WASHINGTON, June 9 (Reuters) – The National Highway Traffic Safety Administration (NHTSA) on Thursday said it was upgrading its probe into 830,000 Tesla (TSLA.O) vehicles with its advanced driver assistance system Autopilot, a required step before it could seek a recall. The auto safety agency in August opened a preliminary evaluation to assess the performance … Read more

China’s exports surge on easing COVID curbs, trade outlook still fragile

China May exports grow at double-digit pace, blows past forecast China May imports also beat f’cast, first expansion in 3 months Data adds to signs of China’s economic recovery from COVID outbreaks Trade outlook still faces risks from high raw material costs, Ukraine war BEIJING, June 9 (Reuters) – China’s exports grew at a double-digit … Read more

US retailers cut prices but services keep inflation hot

WASHINGTON, June 9 (Reuters) – Major US retailers like Target Corp (TGT.N) and Walmart Inc (WMT.N) have been cutting prices to clear overstocked warehouses, but hotel revenue is pouring in as daily room rates and occupancy have broken above pre-pandemic levels. Used car prices are no longer surging at the chart-topping pace that drove an … Read more