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

EXCLUSIVE China’s central bank accepts Ant’s application for financial holding company – sources

The logo of Ant Group is pictured at the headquarters of Ant Group, an affiliate of Alibaba, in Hangzhou, Zhejiang province, China October 29, 2020. REUTERS/Aly Song Register now for FREE unlimited access to Reuters.com register PBOC taking application signals license may come soon – sources Financial holding license to pave way for Ant market … 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

Asian stocks slide as Fed hike fears tip Wall St into bear market

HONG KONG, June 14 (Reuters) – Asian shares slid sharply and the safe-haven dollar held near a two-decade peak on Tuesday after Wall Street hit a confirmed bear market milestone on fears aggressive US interest rate hikes would push the world’s largest economy into recession. MSCI’s broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) fell … Read more

S&P 500 confirms bear market as recession worry grows

Expectations for 75 basis point hike in June climb Wall Street ‘fear gauge’ surges to one-month high S&P 500 hits lowest level since March 2021 NEW YORK, June 13 (Reuters) – US equities tumbled on Monday, with the S&P 500 confirming it is in a bear market, as fears grow that the expected aggressive interest … 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