By David Lawder WASHINGTON (Reuters) – U.S. Trade Representative Katherine Tai on Monday said fighting inflation is a more complicated issue than can be addressed with a “singular focus” on China tariffs, and that it was important to bring a “thoughtful, deliberate, strategic” approach to the U.S.-China trade relationship. Tai, in remarks to the Washington…
By Chuck Mikolajczak NEW YORK (Reuters) – The dollar advanced modestly on Monday as a boost in risk appetite sent U.S. equities higher and kept gains on the safe haven in check ahead of a key reading on inflation later in the week. After touching a near twenty-year high of 105.01 on May 13, the…
KYIV, Ukraine — A theater in Ukraine’s capital has reopened for the first time since Russian forces invaded the country, and tickets sold out for Sunday’s performance. Theater on Podil was the latest cultural institution in Kyiv to resume operations. Movie theaters and the National Opera opened their doors at the end of May. “We…
By Pratima Desai and Eric Onstad LONDON (Reuters) – U.S. hedge fund Elliott Associates is suing the London Metal Exchange (LME) for $456 million for cancelling nickel trades after chaotic trading in March that forced the exchange to suspend its nickel market, the LME said on Monday. The legal action piles more pressure on the…
BEIJING (AP) — Asian stock markets were mixed Tuesday following a bond sell-off on Wall Street amid anxiety about higher U.S. interest rates. Shanghai and Tokyo advanced while Hong Kong and Seoul declined. The yen, already trading at two-decade lows, fell further to below 132 to the dollar. Wall Street’s benchmark S&P 500 index rose…
By Shadia Nasralla LONDON (Reuters) -Oil prices topped $120 a barrel in choppy trade on Monday buoyed by Saudi Arabia raising its July crude prices but amid doubts that a higher output target for OPEC+ oil producers would ease tight supply. Brent crude was up 64 cents, or 0.5%, to $120.36 a barrel at 1339…
Inflation data, Sell-side Shop Conferences, and Central Banks highlight another busy week for the markets. Indices are strong out of the gate. The upbeat tone is emanating from China as Beijing removed additional COVID-related shutdowns and President Xi Jinping signaled the restrictions on Chinese tech are coming to an end. The early strength has indices…
MADRID (Reuters) – The board of Spanish steel maker Acerinox announced on Monday that it was walking away from preliminary talks with Dutch rival Aperam for a potential tie-up that would have created a European stainless steel giant. “The board of the company in a meeting today agreed unanimously not to continue with the preliminary…
DETROIT (AP) — Elon Musk is threatening to walk away from his $44 billion bid to buy Twitter, accusing the company of refusing to give him information about its spam bot and fake accounts. Lawyers for the Tesla and SpaceX CEO made the threat in a letter to Twitter dated Monday that the company disclosed…
(Reuters) – Elon Musk warned he may walk away from his $44 billion deal to acquire Twitter Inc if the social media network fails to provide data on spam and fake accounts, the billionaire said in a letter to the company on Monday. The letter said Twitter was in a “clear material breach” of its…
