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Shares slide as sentiment ebbs on rate fears, yields rise

Wall Street set for bounceback but recession risk keeps investors cautious

LONDON, June 21 (Reuters) – Wall Street was set to open higher on Tuesday and European shares were set for a second day of gains, recovering slightly from last week’s 17-month lows, but major central banks’ rate hike plans and global recession risks kept investors cautious. World stocks have edged higher so far this week, …

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Crypto's latest meltdown leaves punters bruised and bewildered

Crypto’s latest meltdown leaves punters bruised and bewildered

LONDON/MUMBAI/ANKARA, June 21 (Reuters) – For Jeremy Fong, US crypto lender Celsius was an ideal place to stash his digital currency holdings – and earn some spending money from its double-digit interest rates along the way. “I was probably earning $100 a week,” at sites like Celsius, said Fong, a 29-year civil aerospace worker who …

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Stock markets jolted by Musk's economy and jobs warning

Stocks stage small bounce as investors weigh cenbanks’ next moves

LONDON, June 20 (Reuters) – Stock markets chalked up modest gains on Monday after last week’s hefty losses as investors braced for a host of US Federal Reserve speakers this week, where they could underline a commitment to fight inflation whatever rate pain required. Trading was thinned by a US holiday. The euro was little …

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Tesla cars barred for 2 months in Beidaihe, site of China leadership meet

Tesla cars barred for 2 months in Beidaihe, site of China leadership meet

A Tesla logo is seen at a Tesla showroom in Shanghai, China January 7, 2019. REUTERS/Aly Song Register now for FREE unlimited access to Reuters.com Register SHANGHAI, June 20 (Reuters) – Tesla (TSLA.O) cars will be prohibited from entering the Chinese coastal district of Beidaihe, site of a secretive annual summer party leadership conclave, for …

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China May oil imports from Russia soar to a record, surpass top supplier Saudi

China May oil imports from Russia soar to a record, surpass top supplier Saudi

Oil and gas tanks are seen at an oil warehouse at a port in Zhuhai, China October 22, 2018. REUTERS/Aly Song Register now for FREE unlimited access to Reuters.com Register Russia overtakes Saudi as top supplier after 19-month gap Russian imports nearly 2 mln bpd in May Imports from Malaysia more than doubled in May …

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Crypto industry gripped by anxiety as bitcoin wobbles near key $20,000 level

Crypto industry gripped by anxiety as bitcoin wobbles near key $20,000 level

Representations of the Ripple, Bitcoin, Etherum and Litecoin virtual currencies are seen on a PC motherboard in this illustration picture, February 14, 2018. REUTERS/Dado Ruvic/File Photo Register now for FREE unlimited access to Reuters.com Register HONG KONG, June 20 (Reuters) – The cryptocurrency industry was on edge on Monday morning as investors feared contagion from …

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Fed's Waller backs another big rate hike for 'all in' inflation fight

Fed’s Waller backs another big rate hike for ‘all in’ inflation fight

The exterior of the Marriner S. Eccles Federal Reserve Board Building is seen in Washington, DC, US, June 14, 2022. REUTERS/Sarah Silbiger Register now for FREE unlimited access to Reuters.com Register June 18 (Reuters) – Federal Reserve Governor Christopher Waller on Saturday became the latest US central banker to pledge a whatever-it-takes approach to fighting …

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Ukraine gets major boost from European Union as war rages on

Ukraine gets major boost from European Union as war rages on

Ukraine EU candidacy signals major shift in European geopolitics Putin seeks to play down EU issue Battle for Sievierodonetsk grinds on Russian media say two Americans caught fighting for Ukraine BRUSSELS/KYIV, June 18 (Reuters) – As war rages in Ukraine’s east, Kyiv received a major boost on Friday when the European Union recommended that it …

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Stocks eye steepest slide since 2020 as central bankers roil markets

Stocks eye steepest slide since 2020 as central bankers roil markets

BOJ an outlier as leading central banks raise rates Investors’ recession fears grow Lagarde comments soothe euro zone debt markets NEW YORK, June 17 (Reuters) – World stocks whipsawed on Friday to edge closer to their worst week since markets’ pandemic meltdown in March 2020, as leading central banks tightened policy in an effort to …

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