Oil Slips More Than 1%, Dogged By Recession Fears
By Florence Tan (Reuters) -Oil prices dropped more than 1% on Thursday in a volatile week as economic concerns and…
May 11, 2022
Shares Drop As Stubborn U.S. Inflation Stokes Worries On Rates, Economy
By Tom Westbrook SINGAPORE (Reuters) – Stocks fell and the dollar held firm on Thursday as data showed U.S. inflation…
Exclusive-Facebook-owner Meta Tells Hardware Staffers To Prepare For Cutbacks
By Katie Paul (Reuters) -Facebook-owner Meta Platforms Inc is preparing cutbacks in its Reality Labs division, a unit at the…
India’s Cbank Likely To Raise Inflation Projection In June Meeting, Consider More Rate Hikes-source
By Aftab Ahmed and Nupur Anand NEW DELHI (Reuters) – India’s central bank is likely to raise its inflation projection…
Chinese Developer Sunac Misses Bond Repayment, Expects To Miss More
HONG KONG (Reuters) – Sunac China did not make an interest payment on a $742 million offshore bond by the…
U.S. Senate Confirms Economist Philip Jefferson To Fed Board
(Reuters) – The U.S. Senate on Wednesday voted overwhelmingly to confirm Philip Jefferson, an economist and Davidson College’s dean of…
Shares Churn, Close Down; Yields Fall After U.S. Inflation Data
By Sinéad Carew NEW YORK (Reuters) – Wall Street stocks closed sharply lower and Treasury yields fell in Wednesday’s volatile…
Shop And Work, UK’s Tesco Gives Up Supermarket Space For Office Area
By James Davey LONDON (Reuters) – Tesco, Britain’s biggest retailer, has tied-up with office rental firm IWG so that people…
Citi Looks For New Manager In Delta One Unit -sources
(Corrects the headline and recasts the May 10 article to clarify Omari’s departure was unrelated to the flash crash) By…
Bitcoin Falls 7.2% To $28,758
(Reuters) – Bitcoin fell 7.23% to $28,758.29 at 22:05 GMT on Wednesday, losing $2,241.68 from its previous close. Bitcoin, the…