Stocks slide, dollar steady as market gauges Fed’s rate policy

Stocks slide, dollar steady as market gauges Fed’s rate policy

NEW YORK/LONDON, Dec 6 (Reuters) – Global stocks headed for a third straight day of losses on Tuesday and the dollar held steady as the market assesses how long the Federal Reserve keeps interest rates higher and the likelihood that policy provokes a recession. U.S. stocks followed European shares lower, with all sectors in the … Read more

Exclusive: Goldman Sachs on hunt for bargain crypto firms after FTX fiasco

Exclusive: Goldman Sachs on hunt for bargain crypto firms after FTX fiasco

LONDON, Dec 6 (Reuters) – Goldman Sachs (GS.N) plans to spend tens of millions of dollars to buy or invest in crypto companies after the collapse of the FTX exchange hit valuations and dampened investor interest. FTX’s implosion has heightened the need for more trustworthy, regulated cryptocurrency players, and big banks see an opportunity to … Read more

European markets stay cautious after China eases pandemic measures

European markets stay cautious after China eases pandemic measures

LONDON, Dec 5 (Reuters) – European stock indexes opened slightly lower on Monday, finding little support from an easing of China’s domestic pandemic restrictions, after market sentiment was dampened by U.S. jobs data on Friday that raised fears of persistent inflation. Asian shares had been boosted early on Monday by hopes that China taking steps … Read more

Chinese cities ease COVID curbs as virus keeps spreading

Chinese cities ease COVID curbs as virus keeps spreading

BEIJING, Dec 2 (Reuters) – Some communities in Chinese cities where COVID-19 is still spreading are easing off on testing requirements and quarantine rules ahead of an expected shift in virus policies nationwide after widespread social unrest. The uneven relaxation of COVID restrictions is, however, fuelling fear among some residents who suddenly feel more exposed … Read more

China softens tone on COVID severity after protests

China softens tone on COVID severity after protests

BEIJING, Dec 1 (Reuters) – China is softening its tone on the severity of COVID-19 and easing some coronavirus restrictions even as its daily case toll hovers near record highs, after anger over the world’s toughest curbs fuelled protests across the country. Several cities in the world’s second-largest economy, while still reporting new infections, are … Read more

COVID protests escalate in Guangzhou as China lockdown anger boils

COVID protests escalate in Guangzhou as China lockdown anger boils

SHANGHAI/BEIJING, Nov 30 (Reuters) – People in the Chinese manufacturing hub of Guangzhou clashed with white hazmat-suited riot police on Tuesday night, videos on social media showed, as frustration with stringent COVID-19 rules boiled over, three years into the pandemic. The clashes in the southern city marked an escalation from protests in the commercial hub … Read more

HSBC eyes bumper dividend from $10 bln sale of Canada unit to RBC

HSBC eyes bumper dividend from  bln sale of Canada unit to RBC

Deal comes amid pressure from Chinese shareholder Analysts hail ‘sensible’ transaction Bank could return deal proceeds to shareholders LONDON/TORONTO/NEW YORK, Nov 29 (Reuters) – HSBC (HSBA.L) has agreed to sell its business in Canada to Royal Bank of Canada (RY.TO) for C$13.5 billion ($10 billion) in cash, paving the way for a potential bumper payout … Read more

Stocks and oil buoyed by hopes of looser Chinese COVID curbs

Stocks and oil buoyed by hopes of looser Chinese COVID curbs

Euro STOXX 600 gains around 0.5% before giving up ground Wall Street futures up Oil prices rebound on China hopes, talk of output cuts Dollar falls as investors seek riskier assets http://tmsnrt.rs/2yaDPgn LONDON, Nov 29 (Reuters) – Stocks and oil gained on Tuesday, buoyed by hopes that public unrest in China could spark an earlier … Read more

China’s anti-lockdown protests shake stocks and oil

China’s anti-lockdown protests shake stocks and oil

China announces record new local COVID cases Commodities caught in selling Dollar extends gains against yuan SYDNEY/LONDON, Nov 28 (Reuters) – Stocks and commodities prices suffered a broad sell-off on Monday as rare protests in major Chinese cities against the country’s strict zero-COVID curbs hit growth expectations in the world’s second-largest economy. Clashes between police … Read more

Stocks churn ahead of Fed minutes as oil tumbles on price cap plan

Stocks churn ahead of Fed minutes as oil tumbles on price cap plan

Fed minutes for November due at 1900 GMT U.S. Thanksgiving public holiday on Thursday Stock eke out slim gains globally Euro zone economic data points to recession China hit by rising COVID-19 infections LONDON, Nov 23 (Reuters) – Global shares churned on Wednesday ahead of minutes of a Federal Reserve meeting that could shed light … Read more