By Yuka Obayashi TOKYO (Reuters) -Brent crude edged up on Wednesday as geopolitical tensions in Europe and the Middle East raised supply concerns while investors locked in profits ahead of updates from the U.S. Federal Reserve and U.S. oil inventory data. Oil prices hit seven-year highs last week on worries that supplies could tighten due…
The trenches are dusted with snow and tinged with soot and dirt. Dull colors will cling to them for weeks to come, as the men inside search for enough cellphone signal to hear the latest from the distant capitals that will decide their fate. Moscow, Washington, London, Paris, Berlin, Vienna. Sometimes Kyiv. But only sometimes….
BERLIN (AP) — Germany’s parliament is set to hold its first debate Wednesday on a possible wide-ranging coronavirus vaccine mandate, with three options emerging: obligatory vaccinations for all adults or for everyone above 50, or no mandate at all. German politicians of all stripes long insisted that there would be no vaccine mandate. But the…
BERLIN (AP) — Stefanie Hoener was at home one night in Berlin when she heard police sirens wailing through her Prenzlauer Berg neighborhood and anti-vaccine protesters shouting angry slurs as they marched down to the Gethsemane Church — a symbol of the peaceful 1989 revolution in East Germany that ended the communist dictatorship. “That night…
By Joyce Lee and Heekyong Yang SEOUL (Reuters) -South Korea’s LG Display Co Ltd posted on Wednesday a 30% drop in quarterly operating profit on the year, hit by a steep decline in TV panel prices that offset solid shipments of smaller screens used for computers, laptops and smartphones. The Apple Inc supplier posted an…
By Davide Barbuscia NEW YORK (Reuters) – Laser-focused on how aggressive the Federal Reserve will be in tightening policy, some U.S. investors and strategists are starting to worry about what may seem a distant threat: a sharp economic slowdown or even the next recession. Investors have been unnerved in recent days about the potential for…
By Stella Qiu and Alun John BEIJING (Reuters) – Asian share markets steadied on Wednesday after three sessions of losses as investors awaited any hints about faster tightening of monetary policy from the U.S. Federal Reserve later in the day. MSCI’s broadest index of Asia-Pacific shares outside Japan slipped 0.1% on Wednesday, after sharp losses…
WASHINGTON (AP) — The Federal Reserve signaled Wednesday that it will begin a series of interest-rate hikes in March, reversing pandemic-era policies that have fueled hiring and growth — and stock market gains — but also stubbornly high inflation. Chair Jerome Powell said at a news conference that inflation has gotten “slightly worse” since the…
By Samuel Shen and Andrew Galbraith SHANGHAI (Reuters) – Foreign investors are piling into China at the start of 2022, seeing it as a haven from the inflation, growth and pandemic problems plaguing most other markets. Despite seeing returns last year eroded by Beijing’s regulatory and policy purge, global fund managers are pumping money into…
HONG KONG (Reuters) – China Evergrande Group will hold an investor call at 1300 GMT on Wednesday together with financial advisers, sources said. Executive Director Siu Shawn and a member of the property developer’s risk management committee, Chen Yong, will join the call, they said, speaking on condition of anonymity. (Reporting by Clare Jim; Editing…
