ECM

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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Investors dump shares on growth fears as Swiss, UK hike rates

Investors dump shares on growth fears as Swiss, UK hike rates

NEW YORK, June 16 (Reuters) – World stocks plummeted again on Thursday and government bonds hovered near multi-year highs after a series of rate rises from global central banks rekindled fears that aggressive policy tightening could drag economies into recession. Following a relief rally on Wednesday when investors welcomed the US Federal Reserve’s aggressive move …

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Swiss National Bank raises rates in shock move, ready for more

Swiss National Bank raises rates in shock move, ready for more

The building of the Swiss National Bank (SNB) is pictured in Bern, Switzerland June 16, 2022. REUTERS/Arnd Wiegmann Register now for FREE unlimited access to Reuters.com Register SNB hikes rates for first time since 2007 Chairman says franc is no longer highly valued Safe-haven franc surges after decision Economists surprised by move, expect more hikes …

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German, French, Italian leaders in Kyiv in show of support

German, French, Italian leaders in Kyiv in show of support

KYIV, June 16 (Reuters) – Several air raid sirens rank out in Kyiv as French President Emmanuel Macron, German Chancellor Olaf Scholz and Italian Prime Minister Mario Draghi started a joint visit to show support for Ukraine in its fight against the Russian invasion. The three arrived in the Ukrainian capital early on Thursday after …

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Bitcoin sinks to fresh 18-month low as crypto meltdown deepens

Bitcoin sinks to fresh 18-month low as crypto meltdown deepens

LONDON/NEW YORK, June 15 (Reuters) – Bitcoin slumped on Wednesday to a new 18-month low, dragging smaller tokens down with it and deepening a market meltdown sparked by crypto lender Celsius this week freezing customer withdrawals. The world’s largest cryptocurrency fell as much as 7.8% to $20,079.72 , its lowest since December 2020. It has …

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Biden blasts oil refiners for record high gasoline prices, profits

Biden blasts oil refiners for record high gasoline prices, profits

Gas prices over the $6.00 mark are advertised at a 76 Station in Santa Monica, California, US, May 26, 2022. REUTERS/Lucy Nicholson Register now for FREE unlimited access to Reuters.com Register WASHINGTON, June 15 (Reuters) – US President Joe Biden on Wednesday demanded oil refining companies explain why they are not putting more gasoline on …

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Sanctions-hit Kremlin stages 'Russian Davos' bereft of elite, Putin speaks Friday

Sanctions-hit Kremlin stages ‘Russian Davos’ bereft of elite, Putin speaks Friday

International economic forum June 15-18 in St Petersburg No Western bigwigs at ‘Russian Davos’ due to sanctions Putin to give big speech June 17, speak to media – help June 14 (Reuters) – Russia for years hosted world leaders and business titans at its annual economic forum in St Petersburg, but the “Russian Davos” will …

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Emergency ECB meeting lifts Europe, Fed ready to go big

Emergency ECB meeting lifts Europe, Fed ready to go big

News of emergency ECB meeting sends Italian markets soaring Market almost fully priced for Fed to hike 75 bps Euro rally knocks dollar off 20-yr peak, US yields off decade top China economic data slightly beat forecasts, still weak LONDON/SYDNEY, June 15 (Reuters) – European markets rallied on Wednesday on news the European Central Bank …

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Ethiopia forms body to negotiate with rebel Tigray forces

Ethiopia forms body to negotiate with rebel Tigray forces

ADDIS ABABA, June 14 (Reuters) – Ethiopia’s Prime Minister Abiy Ahmed said on Tuesday the federal government had formed a committee to negotiate with forces from the rebellion northern region of Tigray, in the first public confirmation of a key step towards peace negotiations. The nearly two-year conflict in Ethiopia, Africa’s second-most populous nation, has …

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