A look at the day ahead in European and global markets from Tom Westbrook Sterling and the euro seem to be losing steam as currency markets tuck themselves in for a nap. JP Morgan’s G7 FX volatility index stands at a one-year low, with financial markets in holding patterns as they await developments in key…
SHANGHAI/SINGAPORE (Reuters) – A fresh wave of COVID-19 is spreading through China as people return from public holiday travel, reaching trading floors and raising concern of an impact to trading volume – albeit likely not as pronounced as previous pandemic-induced disruption. More than half a dozen traders and banking sources told Reuters this week that…
By Chris Taylor NEW YORK (Reuters) – For most Americans, this past April 18 was a day to get those tax forms in and perhaps reluctantly write some checks. For others, that day came and went like any other – and now they are in a bit of a pickle. Being late on your taxes…
(This May 8 story has been corrected to say that Mitsubishi Motors made the comment last month, not last week, in paragraph 18) SHANGHAI (Reuters) – China is ground zero for the price war in electric vehicles and the battleground is shifting to SUV-styled EVs, the largest segment of the market, dominated by Tesla Inc…
By Muyu Xu SINGAPORE (Reuters) – Saudi Aramco has told customers in North Asia they will receive full volumes of crude oil that they have requested in June, several sources with knowledge of the matter said on Wednesday. But, some Chinese refiners have requested for lower supply volumes in June, said the sources. It is…
By Kate Lamb LABUAN BAJO, Indonesia (Reuters) – Southeast Asian leaders meeting in Indonesia called on Wednesday for an immediate end to hostilities in military-ruled Myanmar, in an effort to create a window for urgent dialogue and aid delivery as fighting intensifies. The summit of the Association of Southeast Asian Nations (ASEAN) was expected to…
By Scott Murdoch and Lewis Jackson SYDNEY (Reuters) -Planning for Virgin Australia’s upcoming initial public offering (IPO) is “well advanced”, Chairman Ryan Cotton said on Wednesday in an internal email that also outlined bonus payments to the airline’s shareholders and staff after a return to profit. Cotton said Australia’s second-biggest airline was days away from…
