BEIJING (AP) — Asian stocks followed Wall Street lower Wednesday after a Federal Reserve official’s comments fueled expectations of more aggressive interest U.S. rate hikes and the White House announced more sanctions on Russia. Market benchmarks in Shanghai, Tokyo, Hong Kong and Sydney retreated. Wall Street’s S&P 500 index tumbled 1.3% after Fed Governor Lael…
By Liz Hampton and Isabel Kua SINGAPORE (Reuters) -Oil futures rose on Tuesday as the United States and Europe planned new sanctions to punish Moscow over alleged war crimes by Russian troops in Ukraine, raising concerns of tighter global supply, while Iran nuclear talks stalled. Brent crude futures rose $1.87, or 1.7%, to $109.40 a…
KALUGA, Russia (Reuters) – Thousands of auto workers have been furloughed and food prices are soaring as Western sanctions pummel the small Russian city of Kaluga and its flagship foreign carmakers, with more sanctions likely to come. The Kaluga region, 190 kilometres (120 miles) southwest of Moscow, says it has attracted more than 1.3 trillion…
By Elizabeth Howcroft (Reuters) – The NFT bubble isn’t popping, but it may have sprung a leak. A year on from when a single non-fungible token sold for $69.3 million in crypto at Christie’s auction house, with the buyer paying to be recorded on blockchain as the owner of a digital file that anyone can…
By Kevin Buckland TOKYO (Reuters) – The Australian dollar jumped to a nine-month high on Tuesday after the country’s central bank signalled higher interest rates were closer, while the euro languished near a one-week low amid talk of more sanctions against Russia. The Aussie was up 0.81% at $0.7603, its strongest since late June, after…
By Liz Hampton and Isabel Kua SINGAPORE (Reuters) – Oil futures extended gains on Tuesday as the United States and Europe planned new sanctions to punish Moscow over alleged war crimes by Russian troops in Ukraine, adding to concerns about supply disruptions, while Iran nuclear talks stalled. Brent crude futures rose $1.20, or 1.1%, to…
NEW YORK (AP) — When a scrappy group of former and current warehouse workers on Staten Island, New York went head-to-head with Amazon in a union election, many compared it to a David and Goliath battle. David won. And the stunning upset on Friday brought sudden exposure to the organizers and worker advocates who realized…
BANGKOK (AP) — Disruptions to supplies of commodities, financial strains and higher prices are among the impacts of the war in Ukraine that will slow economies in Asia in coming months, the World Bank says in a report released Tuesday. The report forecasts slower growth and rising poverty in the Asia-Pacific region this year as…
By Nivedita Balu (Reuters) – Tesla Inc boss Elon Musk on Monday disclosed a 9.2% stake in Twitter Inc, worth nearly $3 billion, making him the micro-blogging site’s largest shareholder and triggering a rise of more than 27% in the company’s shares. Musk’s move, revealed in a regulatory filing, comes on the heels of his…
TOKYO (Reuters) – Nissan Motor Co is pushing back the release date of the electric Ariya B6 SUV again due to a global shortage of semiconductors and other supply chain disruptions, the Japanese automaker said in a statement late on Monday. The Ariya, Nissan’s second EV-only model after the Leaf hatchback, will now go on…
