A look at the day ahead in European and global markets from Asia markets correspondent Kevin Buckland. European investors hoping to find some clues on market direction from Asia may be disappointed today. Overall, the market mood was cautious ahead of the week’s trading highlight, Wednesday’s U.S. CPI report, which will put to the test…
BEIJING (Reuters) – China’s imports of iron ore rose 5.1% in April from the same period the previous year, customs data showed on Tuesday, as buyers anticipated strong demand for the steelmaking ingredient during the peak spring construction season. The world’s top iron ore consumer brought in 90.44 million tonnes of the steelmaking ingredient last…
By Makiko Yamazaki and Katya Golubkova TOKYO (Reuters) -Two major European asset managers have jointly filed a shareholder resolution at Japanese electricity generator Electric Power Development Co Ltd, known as J-Power, for the second consecutive year in a row. The asset managers are calling on J-Power, Japan’s largest operator of coal-fired power stations, to set…
BEIJING (Reuters) – Chinese President Xi Jinping’s recent call with Ukraine President Volodymyr Zelenskiy was a very positive step, the European Union ambassador to China said on Tuesday, while urging greater efforts to achieve peace. Xi’s hour-long call with Zelenskiy for the first time since Russia’s invasion of Ukraine, fulfilled one of Kyiv’s long-standing goals,…
ANKARA (Reuters) -Turkish President Tayyip Erdogan accused the opposition on Monday of provoking disorder and siding with terrorists, without providing evidence, in a fiery speech days before close and increasingly fractious elections. Erdogan appeared to suggest his opponents had incited confrontations a day earlier when crowds threw stones at a key opposition figure in the…
By Suban Abdulla LONDON (Reuters) – British retail sales growth held steady in April but high inflation meant shoppers were getting less for their money, and unsettled weather discouraged many from buying summer clothes, a British Retail Consortium survey showed on Tuesday. The BRC said spending at its members’ stores increased 5.1% in annual terms…
By Victoria Waldersee BERLIN (Reuters) – Chinese investment in Europe is shifting from mergers and acquisitions to greenfield projects mainly in battery production for electric vehicles, according to 2022 data analysed by independent research providers MERICS and Rhodium Group. Greenfield investment made up 57% of total foreign direct investment by China in Europe in 2022,…
By Herbert Lash and Amanda Cooper NEW YORK/LONDON (Reuters) -A gauge of global equity markets rose and the dollar was mostly flat on Monday as expected talks in Washington about the debt ceiling raised concerns, while U.S. inflation data later this week should add clarity on Federal Reserve monetary policy. Treasury yields rose on increased…
(Reuters) – Russia launched its biggest swarm of drones for months against Ukraine on the eve of Russia’s May 9 holiday celebrating the defeat of Nazi Germany in 1945, striking the capital Kyiv, the Black Sea city of Odesa and shelling other cities. CONFLICT * In a new break with Moscow, Ukraine marked the anniversary…
By Joseph Ax NEW YORK (Reuters) -The Associated Press won two Pulitzer Prizes on Monday, including the distinguished public service award, for its coverage of the war in Ukraine, while the New York Times earned the international reporting honor for its stories about the Russian invasion. Washington Post reporter Caroline Kitchener won the national reporting…
