US bans sales of Juul e-cigarettes, company to seek stay on enforcement

June 23 (Reuters) – Sales of Juul e-cigarettes were blocked by the US Food and Drug Administration on Thursday, in a major blow to the once high-flying firm whose products have been tied to a surge in teenage vaping. The agency said the applications “lacked sufficient evidence” to show that sale of the products would … Read more

US recession fears darken outlook for global growth

WASHINGTON/LONDON/TOKYO, June 23 (Reuters) – Manufacturing growth is slowing worldwide as China’s COVID-19 curbs and Russia’s invasion of Ukraine disrupt supply chains and keep inflation at the highest in years, while the growing risk of a US recession poses a new threat to the global economy. Gauges of factory activity released Thursday in Japan, Britain, … Read more

Biggest rail strike in 30 years brings UK to standstill

More than 40,000 rail workers set to strike Government under pressure over cost-of-living crisis Unions say strike may start ‘summer of discontent’ LONDON, June 21 (Reuters) – Britain’s biggest rail strike in 30 years kicked off on Tuesday as tens of thousands of staff walked out in a dispute over pay and jobs that could … Read more

Crypto’s latest meltdown leaves punters bruised and bewildered

LONDON/MUMBAI/ANKARA, June 21 (Reuters) – For Jeremy Fong, US crypto lender Celsius was an ideal place to stash his digital currency holdings – and earn some spending money from its double-digit interest rates along the way. “I was probably earning $100 a week,” at sites like Celsius, said Fong, a 29-year civil aerospace worker who … Read more

Stocks stage small bounce as investors weigh cenbanks’ next moves

LONDON, June 20 (Reuters) – Stock markets chalked up modest gains on Monday after last week’s hefty losses as investors braced for a host of US Federal Reserve speakers this week, where they could underline a commitment to fight inflation whatever rate pain required. Trading was thinned by a US holiday. The euro was little … 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

Why Is The UK Sending Gasoline To America As Prices Explode?

The UK shipped 1.85 million barrels of gasoline and gasoline blending components to the United States in May, the highest monthly exports of those products since December 2021, Bloomberg News’ Julian Lee reportsciting data from analytics shipping company Vortexa. On the face of it, the flow of gasoline from the UK to the US looks … Read more

Euro stays grounded as ECB give ‘lift-off’ signal

Europe gets signal of first ECB rate rise in a decade Yen stuck at 20-year low against dollar China shares stumble as Shanghai sees new COVID-19 curbs Oil hovers at $123 a barrel Graphic: Global asset performance LONDON, June 9 (Reuters) – Benchmark European borrowing costs hit an 8-year high on Thursday but the euro … Read more

Shares slide as sentiment ebbs on rate fears, yields rise

Investors cautious ahead of ECB meeting, US CPI data White House expects next inflation numbers to be elevated Crude surges to 13-week high on rising US demand Global growth worries sap investment sentiment NEW YORK, June 8 (Reuters) – US and European stocks slid on Wednesday as the outlook for rate hikes sullied sentiment, while … Read more

Stock markets jolted by Musk’s economy and jobs warning

LONDON, June 3 (Reuters) – Wall Street was tipped for a weaker open on Friday, bucking share price gains in Europe and Asia after warnings on the economic outlook from Tesla Chief Executive Elon Musk who outlined plans to lay off 10% of his staff . Markets are on edge ahead of crucial monthly jobs … Read more