Bond sell-off worst since 1949, Bank of America says

Bond sell-off worst since 1949, Bank of America says

A Bank of America logo is pictured in the Manhattan borough of New York City, New York, US, January 30, 2019. REUTERS/Carlo Allegri Register now for FREE unlimited access to Reuters.com Register LONDON, Sept 23 (Reuters) – Global government bond losses are on course for the worst year since 1949 and investor sentiment has plummeted … Read more

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

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

Canada’s real problem is not job losses, it’s the rush to retire

Canada’s real problem is not job losses, it’s the rush to retire

Register now for FREE unlimited access to Reuters.com Register OTTAWA, Sept 11 (Reuters) – More than a year after the Great Resignation took hold in the United States, Canada is grappling with its own grayer version: The Great Retirement. Canada’s labor force grew in August, but it fell the previous two months and remains smaller … Read more

China’s Shenzhen to adopt tiered COVID measures; Chengdu extends lockdown

China’s Shenzhen to adopt tiered COVID measures;  Chengdu extends lockdown

Medical workers in protective suits collect swabs at a nucleic acid testing site at the Software Park in Nanshan district, following the coronavirus disease (COVID-19) outbreak in Shenzhen, Guangdong province, China September 2, 2022. REUTERS/David Kirton Register now for FREE unlimited access to Reuters.com Register BEIJING/SHANGHAI, Sept 4 (Reuters) – China’s southern tech hub of … 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

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

Taiwan accuses China of exaggeration with islands footage

Taiwan accuses China of exaggeration with islands footage

TAIPEI, Aug 16 (Reuters) – Taiwan accused China of exaggeration on Tuesday after the Chinese military published footage of the strategically located Penghu islands, where there is a major Taiwanese air base, saying it was not true Chinese forces had come near the islands. China, which claims Taiwan as its territory, has carried out military … Read more

Nasdaq slides as chipmaker Micron’s warning sparks tech rout

Nasdaq slides as chipmaker Micron’s warning sparks tech rout

Traders work on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, US, August 8, 2022. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register Micron tempers forecast as demand weakness deepens Novavax falls 25% after cutting revenue view by half Indexes mixed: Dow flat, S&P off … Read more

Fed officials beat inflation drum; 50-basis-point rate hike ‘reasonable’ next month

Fed officials beat inflation drum;  50-basis-point rate hike ‘reasonable’ next month

Aug 3 (Reuters) – Federal Reserve officials voiced their determination again on Wednesday to rein in high inflation, although one noted a half-percentage-point hike in the US central bank’s key interest rate next month might be enough to march toward that goal. “I start from the idea that 50 (basis points) would be a reasonable … Read more