ECM

EU leaders to keep sanction pressure on Russia, gold flagged as new target

EU leaders to keep sanction pressure on Russia, gold flagged as new target

EU leaders to hold summit this week, Ukraine in focus They will commit to work on more sanctions – draft accord Gold, vital asset for Russia cenbank, may be among new targets BRUSSELS, June 21 (Reuters) – European Union leaders aim to maintain pressure on Russia at their summit this week by committing to further …

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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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Europe may shift back to coal as Russia turns down gas flows

Europe may shift back to coal as Russia turns down gas flows

Pipes at the landfall facilities of the ‘Nord Stream 1’ gas pipeline are pictured in Lubmin, Germany, March 8, 2022. REUTERS/Hannibal Hanschke/File Photo Register now for FREE unlimited access to Reuters.com Register Germany may take ‘painful’ move to fire up coal power Italy, Austria also looking at burning more coal Surging gas prices add to …

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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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