Category: Reuters
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European shares skid, China stocks surge By Reuters
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Written by Neil McKenzie and Wayne Cole LONDON/SYDNEY (Reuters) – Global stocks fell on Monday as economic uncertainty fueled by conflicts in the Middle East overshadowed policy measures aimed at reviving markets, ahead of a busy week of data that could determine central banks’ next steps. Continued Israeli raids across…
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Dollar slips as China rolls out stimulus By Reuters
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Written by Tom Westbrook SINGAPORE (Reuters) – The yen stabilized on Monday as Japan’s new prime minister signaled that monetary policy should remain accommodative, while commodity currencies rose to their highest levels this year on investor hopes for a turnaround in the Chinese economy. The Japanese yen jumped on Friday…
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Three Palestinian leaders killed in Israel strike in Beirut By Reuters
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Written by Maya Gebaili, Laila Bassam, and Mohamed Gebaili BEIRUT (Reuters) – The Palestinian Hamas movement said on Monday that three of its leaders were killed in an Israeli strike on Beirut, the first attack within the city’s borders as Israel escalates hostilities against Iran’s allies in the region. The…
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Three Palestinian leaders killed in Israel strike in Beirut By Reuters
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Written by Maya Gebaili, Laila Bassam, and Mohamed Gebaili BEIRUT (Reuters) – The Palestinian Hamas movement said on Monday that three of its leaders were killed in an Israeli strike on Beirut, the first attack within the city’s borders as Israel escalates hostilities against Iran’s allies in the region. The…
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SpaceX capsule for stuck astronauts docks at space station By Reuters
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(Reuters) – SpaceX’s Crew Dragon space capsule, which is scheduled to return stranded astronauts Butch Wilmore and Sonny Williams next year, arrived at the International Space Station on Sunday, according to NASA and SpaceX. NASA said in a post on the X website that NASA astronaut Nick Hague and Roscosmos…
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Kris Kristofferson, influential singer-songwriter, dies at 88 By Reuters
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Written by Bill Trott (Reuters) – Kris Kristofferson, who became one of the most influential American singer-songwriters of his time with works such as “Me and Bobby McGee” as well as a successful actor, died on Saturday at the age of 88, Rolling Stone reported. , according to his spokesman.…
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US East Coast port strike set to start Tuesday, says union By Reuters
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Written by David Shepardson and Steve Holland WASHINGTON (Reuters) – A strike at ports on the U.S. East Coast and Gulf of Mexico will begin on Tuesday, the International Longshoremen’s Union said on Sunday, signaling action that could cause delays and disrupt supply chains. “The United States Naval Alliance… refuses…
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India to probe fire at Tata plant making components for Apple iPhones By Reuters
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Written by Haripriya Suresh and Praveen Paramasivam BENGALURU (Reuters) – Indian authorities are set to launch a criminal investigation into the cause of a fire that broke out on Saturday at a Tata Electronics factory that makes components for Apple Inc’s iPhones, an official in the Indian state of Tamil…
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Freeport cranks up copper output as rivals scour for deals to grow By Reuters
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Written by Ernest Scheider (Reuters) – Freeport-McMoRan (NYSE:) is ramping up production across three continents with no plans to join the takeover frenzy sweeping the mining industry, a strategy analysts say puts the company in a good position to benefit from growing clean energy demand. On red metal. Widely used…
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Freeport cranks up copper output as rivals scour for deals to grow By Reuters
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Written by Ernest Scheider (Reuters) – Freeport-McMoRan (NYSE:) is ramping up production across three continents with no plans to join the takeover frenzy sweeping the mining industry, a strategy analysts say puts the company in a good position to benefit from growing clean energy demand. On red metal. Widely used…
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Hurricane Helene wreaks havoc in US Southeast, at least 60 dead By Reuters
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(Reuters) – Southeastern U.S. states on Sunday began a massive cleanup and recovery effort after Hurricane Helen’s wind, rain and storm surge left millions without power, destroyed roads and bridges and caused catastrophic flooding from Florida to Virginia. The storm killed at least 60 people, according to state and local…
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China tells banks to start cutting rates on existing mortgages By Reuters
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BEIJING (Reuters) – The People’s Bank of China (China’s central bank) told commercial banks on Sunday to begin cutting interest rates on all outstanding home loans, in a sweeping move to help ease the mortgage burden on households hurt by the economic slowdown. All commercial banks must, in batches, cut…
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When the dollar store closes, US families on food benefits lose a lifeline By Reuters
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Written by Jessica DiNapoli and Kylie Kang NASHVILLE (Reuters) – Almost every day, Latrina Begley, 37, of Nashville, or one of her six children, shops at the Family Dollar down the hill from their home, using federal food stamps to buy Hot Pockets or frozen pizza and pantry staples. Like…
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China’s FX conundrum mutes stimulus optimism: McGeever By Reuters
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Written by Jamie MacGyver ORLANDO, Fla. (Reuters) – It’s safe to say that the timing and scale of the stimulus measures launched by China this week were largely driven by the U.S. Federal Reserve’s massive interest rate cut just a few days ago. Unfortunately for China’s policymakers, however, the US…
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China’s FX conundrum mutes stimulus optimism: McGeever By Reuters
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Written by Jamie MacGyver ORLANDO, Fla. (Reuters) – It’s safe to say that the timing and scale of the stimulus measures launched by China this week were largely driven by the U.S. Federal Reserve’s massive interest rate cut just a few days ago. Unfortunately for China’s policymakers, however, the US…
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Israel pounds Lebanon, pressuring Hezbollah after killing its leader By Reuters
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Written by Emily Rose and Maya Gebeili JERUSALEM/BEIRUT (Reuters) – Israel bombed multiple targets in Lebanon on Sunday, pressuring Iran-backed Hezbollah for more attacks after it dealt a major blow by killing the group’s leader, Hassan Nasrallah. The Israeli military said the air force “bombed dozens of Hezbollah terrorist targets…
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Senegal’s dollar bonds fall after audit reveals larger debt and deficit By Reuters
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Written by Duncan Miriri NAIROBI (Reuters) – Senegal’s dollar sovereign bonds fell on Friday after a government review revealed larger debt and deficit numbers than the previous administration announced, TradeWeb data showed. Recently elected President Basseru Diomai Faye, who ordered the audit, blamed the previous government for publishing false figures,…
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Dollar weakens after inflation data, Yen surges on Ishiba win By Reuters
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Written by Chuck Mikolajczak NEW YORK (Reuters) – The dollar fell on Friday after a U.S. inflation reading indicated continued easing of price pressures, while the yen rose against the greenback after Shigeru Ishiba, seen as an interest rate hawk, became Japan’s prime minister. Next. . The U.S. personal consumption…
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Trump escalates harsh rhetoric against immigrants, Harris By Reuters
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By Tim Reed WASHINGTON (Reuters) – Donald Trump on Saturday unleashed some of his harshest rhetoric against immigrants who have crossed the border illegally and committed crimes, particularly against young women, while also stepping up his personal insults against Kamala Harris. In Wisconsin, Trump described Democratic Vice President Harris, who…