Fed’s Powell: US housing market headed for ‘correction’

Fed’s Powell: US housing market headed for ‘correction’

US Federal Reserve Board Chairman Jerome Powell attends a news conference after Federal Reserve raised its target interest rate by three-quarters of a percentage point in Washington, US, September 21, 2022. REUTERS/Kevin Lamarque Register now for FREE unlimited access to Reuters.com Register Sept 21 (Reuters) – Federal Reserve Chair Jerome Powell on Wednesday said the … Read more

Once-bitten markets are ignoring Putin’s warnings again at their own peril

Once-bitten markets are ignoring Putin’s warnings again at their own peril

Russian President Vladimir Putin delivers a speech during an event marking the 100th foundation anniversary of the republics of Adygea, Kabardino-Balkaria and Karachay-Cherkessia in Moscow, Russia, September 20, 2022. Sputnik/Grigory Sysoev/Pool via REUTERS Register now for FREE unlimited access to Reuters.com Register LONDON, Sept 21 (Reuters) – Earlier this year, markets were complacent as Russia … Read more

Exclusive: US Treasury official criticizes China’s ‘unconventional’ debt practices

Exclusive: US Treasury official criticizes China’s ‘unconventional’ debt practices

Chinese yuan banknotes are seen in this illustration picture taken April 25, 2022. REUTERS/Florence Lo/Illustration Register now for FREE unlimited access to Reuters.com Register China is the world’s largest official creditor Lack of transparency, confidentiality agreements under fire Progress urged on Common Framework debt deals for Zambia, others WASHINGTON, Sept 20 (Reuters) – A top … Read more

Alex Jones’ lies about Sandy Hook driven by profits, victims’ lawyer says at trial

Alex Jones’ lies about Sandy Hook driven by profits, victims’ lawyer says at trial

Register now for FREE unlimited access to Reuters.com Register WATERBURY, Conn., Sept 13 (Reuters) – A lawyer for families of victims of the 2012 Sandy Hook mass shooting told a Connecticut jury on Tuesday that conspiracy theorist Alex Jones would never stop profiting from destructive falsehoods unless he pays for his lies about the massacre. … Read more

Germany, EU race to fix energy crisis

Germany, EU race to fix energy crisis

Register now for FREE unlimited access to Reuters.com Register Germany plans to expand lending to energy firms EU securities watchdog mulling EU-wide measures Commission to announce broader plans on Wednesday BERLIN/FRANKFURT, Sept 13 (Reuters) – Germany will step up lending to energy firms at risk of being crushed by soaring gas prices, it said Tuesday, … Read more

A year on, El Salvador’s bitcoin experiment is stumbling

A year on, El Salvador’s bitcoin experiment is stumbling

CONCHAGUA, El Salvador, Sept 7 (Reuters) – A year after El Salvador adopted bitcoin as legal tender, the area where the world’s first cryptocurrency city was meant to be built – a circular metropolis powered by a volcano – is still dense jungle. President Nayib Bukele had promised that “Bitcoin City” would be a tax … Read more

Stocks weak, dollar hot as rate fever strikes bonds

Stocks weak, dollar hot as rate fever strikes bonds

A man wearing a face mask, following the coronavirus disease (COVID-19) outbreak, stands on an overpass with an electronic board showing Shanghai and Shenzhen stock indexes, at the Lujiazui financial district in Shanghai, China January 6, 2021. REUTERS/Aly song Register now for FREE unlimited access to Reuters.com Register https://tmsnrt.rs/2zpUAr4 S&P 500 futures skid 0.9%, Nikkei … Read more

EXCLUSIVE Chinese defense firm has taken over lifting Venezuelan oil for debt offset -sources

EXCLUSIVE Chinese defense firm has taken over lifting Venezuelan oil for debt offset -sources

SINGAPORE/HOUSTON, Aug 26 (Reuters) – China has entrusted a defence-focussed state firm to ship millions of barrels of Venezuelan oil despite US sanctions, part of a deal to offset Caracas’ billions of dollars of debt to Beijing, according to three sources and tanker tracking data. China National Petroleum Corp (CNPC) stopped carrying Venezuelan oil in … Read more

US military carries out strike in Syria on Iran-linked targets

US military carries out strike in Syria on Iran-linked targets

WASHINGTON, Aug 23 (Reuters) – The US military said it carried out air strikes on Tuesday in Syria’s Deir al-Zor against facilities used by groups affiliated with Iran’s elite Revolutionary Guards Corps (IRGC). The strikes came even as the United States aimed to respond to a draft agreement proposed by the European Union that would … Read more

Greece’s exit from enhanced EU scrutiny ends 12 years of pain, prime minister says

Greece’s exit from enhanced EU scrutiny ends 12 years of pain, prime minister says

Greek Prime Minister Kyriakos Mitsotakis attends a NATO summit in Madrid, Spain June 30, 2022. REUTERS/Susana Vera/File Photo Register now for FREE unlimited access to Reuters.com Register ATHENS, Aug 20 (Reuters) – Greece’s exit on Saturday from the European Union’s so-called enhanced surveillance framework for its economy ends 12 years of pain and allows the … Read more