By Daniel Leussink TOKYO (Reuters) – Asian shares extended a global slump on Friday after the fastest U.S. inflation in four decades bolstered expectations for more aggressive rate hikes, and as Chinese equity markets slumped over regulatory concerns of U.S.-listed mainland firms. Sentiment also suffered on worries over Russia’s war against Ukraine, after talks between…
By Alun John HONG KONG (Reuters) – The dollar hit a new five-year top on the yen on Friday after a strong U.S. inflation report, while the euro struggled to hold its own as a hawkish turn from the European Central Bank was offset by growth risks emanating from the Ukraine crisis. The greenback rose…
NEW YORK (AP) — Stocks gave up early gains and closed broadly lower Friday, capping a turbulent week of trading on Wall Street as uncertainty about the war in Ukraine and surging inflation continue to roil markets. The S&P 500 fell 1.3% after having been up 0.7% in the early going. The benchmark index marked…
By Steve Holland and Andrea Shalal WASHINGTON (Reuters) – U.S. President Joe Biden will call on Friday for an end to normal trade relations with Russia over its invasion of Ukraine, clearing the way for increased tariffs on Russian imports, five people familiar with the situation told Reuters. The move marks the latest escalation of…
By Steve Holland WASHINGTON (Reuters) – U.S. President Joe Biden on Friday will call for an end of normal trade relations with Russia over its invasion of Ukraine, clearing the way for increased tariffs on Russian imports, two people familiar with the situation told Reuters. The move marks the latest escalation of a push by…
SHANGHAI (Reuters) – Shares in Yum China and four other Chinese companies tumbled on Friday after they were ensnared in an auditing dispute between Beijing and Washington, though China’s securities regulator said it was confident they could reach a deal. Yum China Holdings, the owner of KFC, Taco Bell and Pizza Hut restaurants in China,…
(Reuters) – California utility PG&E Corp is partnering with U.S. automaker Ford Motor Co to bring bidirectional charging electric vehicles to its customers, the utility’s chief executive said on Thursday. “We’re announcing today our partnership with Ford Motor Co to bring bidirectional charging vehicles, specifically the Ford F-150 Lightning, to the PG&E customers,” Patti Poppe…
By Sonali Paul MELBOURNE (Reuters) – Oil prices clawed back some losses on Friday but were on track for their biggest weekly drops since November after see-sawing on fears of escalating bans on Russian oil versus efforts to bring more supply to market from other major producers. Brent crude futures inched up 11 cents to…
By Alun John HONG KONG (Reuters) – The dollar hit a new five-year high on the yen on Friday after a strong U.S. inflation report, while the euro struggled to hold its own as a hawkish turn from the European Central Bank was offset by growth risks emanating from the Ukraine crisis. The greenback rose…
By Kantaro Komiya TOKYO (Reuters) – Japanese household spending rose for the first time in six months in January on a year-on-year basis, largely because of weakness in the prior year, even as the fast spread of the COVID-19 Omicron variant likely weighed on consumption later in the month. Rising energy prices in the wake…
