By Xie Yu and Samuel Shen HONG KONG/SHANGHAI (Reuters) – Prolonged lockdowns in Shanghai, as China doubles down on its zero-COVID policy, have become the predominant risk to its economy and markets, forcing money managers to cut holdings or turn defensive on stocks. Global fund managers such as Pictet Wealth Management and Principal Global Investors…
(Reuters) – The Russian rouble firmed towards 78 to the dollar in early trade on Wednesday, while stock indexes extended losses as the market watched developments around Ukraine and sanctions against Russia. Russia faces soaring inflation and capital flight while grappling with a possible debt default after the West imposed harsh sanctions against Moscow for…
By Phuong Nguyen and Fanny Potkin HANOI/SINGAPORE (Reuters) – Vietnam is preparing new rules requiring social media firms to take down content it deems illegal within 24 hours, three people with direct knowledge of the matter said. The planned amendments to current law will cement Vietnam, a $1 billion market for Facebook, as one of…
PARIS (AP) — In the climax of France’s presidential campaign, centrist President Emmanuel Macron and far-right contender Marine Le Pen will meet Wednesday evening in a one-on-one television debate that could prove decisive before Sunday’s runoff vote. Both candidates have carefully prepared for the highly scrutinized debate, expected to last more than two hours. Macron,…
AMSTERDAM (Reuters) – Food delivery company Just Eat Takeaway.com is in talks with potential buyers over a possible sale of its U.S. arm Grubhub, Chief Executive Jitse Groen said on Wednesday. Groen was speaking on a call after the company posted a first quarter trading update, in which the company said it would consider a…
CHERNOBYL, Ukraine (AP) — Here in the dirt of one of the world’s most radioactive places, Russian soldiers dug trenches. Ukrainian officials worry they were, in effect, digging their own graves. Thousands of tanks and troops rumbled into the forested Chernobyl exclusion zone in the earliest hours of Russia’s invasion of Ukraine in February, churning…
A look at the day ahead in markets from Julien Ponthus. Many recent trends seem to be accelerating across financial markets this morning with notably the dollar climbing to a fresh two-decade peak against the yen while benchmark 10-year Treasury yields are now a whisker from 3%. The rhetoric from U.S. Federal Reserve officials is…
BERLIN (Reuters) – New car registrations in Europe dropped for the ninth month in a row in March as supply chain problems hampered even further by the war in Ukraine continued to hit the region’s automotive sector, industry data showed on Wednesday. The number of new vehicles registered in the European Union, Britain and the…
TAIPEI (Reuters) -Taiwan firms making chip and electronic components reported a mixed picture on Wednesday on work resumption in the eastern Chinese city of Kunshan after COVID-19 curbs, with some warning deliveries would be postponed until next month. China has put Shanghai under a tight lockdown since late March and neighbouring Kunshan has also tightened…
TOKYO (AP) — Asian shares were mixed in choppy trading Thursday, as inflation worries and the war in Ukraine had investors partly optimistic while staying cautious. Benchmarks rose in Japan, South Korea and Australia, boosted by the overnight rally in Europe and in the Dow in the U.S. Investors were also watching South Korean trade…
