Stocks, bond yields dip as US data muddies Fed rates outlook

Stocks, bond yields dip as US data muddies Fed rates outlook

Wall Street extends losses as recession worries mount Crude oil falls to lowest since January Bank of Canada signals slower pace of rate hikes China relaxes COVID rules but imports, exports slump http://tmsnrt.rs/2yaDPgn NEW YORK/MILAN, Dec 7 (Reuters) – World stocks slipped further and Treasury yields dipped on Wednesday as US worker productivity data beat … Read more

‘Too many positives!’: As China rows back ‘zero-COVID’ policy, virus fears spread

‘Too many positives!’: As China rows back ‘zero-COVID’ policy, virus fears spread

Biggest relaxation of curbs since the pandemic began Cities urge citizens to stay vigilant Analysts say China ill-prepared for big spike in cases BEIJING, Dec 8 (Reuters) – As many Chinese embraced new found freedoms on Thursday after the country dropped key parts of its tough zero-COVID regime, some cities warned residents to maintain vigilance … Read more

Ex-Theranos president Balwani sentenced to nearly 13 years for fraud

Ex-Theranos president Balwani sentenced to nearly 13 years for fraud

Dec 7 (Reuters) – A US judge on Wednesday sentenced former Theranos Inc President Ramesh “Sunny” Balwani to 12 years and 11 months in prison on charges of defrauding investors and patients of the blood testing startup led by Elizabeth Holmes, a spokesperson for the US attorney’s office confirmed. US District Judge Edward Davila in … Read more

UK airports face Christmas disruption as border staff to strike

UK airports face Christmas disruption as border staff to strike

LONDON, Dec 7 (Reuters) – Border Force workers at several major British airports including the country’s busiest, Heathrow, will go on strike for eight days this month in a dispute over pay, threatening disruption to Christmas travel. The PCS trade union said staff employed by Britain’s interior ministry in passport booths would take action at … Read more

Supreme Court leans towards limiting judicial scrutiny of US elections

Supreme Court leans towards limiting judicial scrutiny of US elections

Justice debate “independent state legislature” doctrine Liberal justices decry threat to “checks and balances” Conservative-dominated court to rule by end of June WASHINGTON, Dec 7 (Reuters) – The US Supreme Court’s conservative majority on Wednesday appeared to be ready to limit judicial power to overrule voting policies crafted by state politicians but might not go … Read more

Putin acknowledges Russia’s war in Ukraine could be a long one

Putin acknowledges Russia’s war in Ukraine could be a long one

Nuclear weapons threat risen but ‘we haven’t gone mad’ – Putin Russia fired over 1,000 times at Ukraine power grid – report LONDON/KYIV, Dec 8 (Reuters) – Russian President Vladimir Putin has acknowledged that his army could be fighting in Ukraine for a long time, but for now there will be no second call-up of … Read more

Analysis: Peru markets take in political drama as investors focus on fundamentals

NEW YORK, Dec 7 (Reuters) – On a day of high drama for Peruvian politics that saw the president threaten to dissolve Congress before himself being ousted, the Andean country’s financial markets absorbed the punch. The Peruvian sol currency and dollar bond prices recovered early losses after President Pedro Castillo was removed in an impeachment … Read more

China’s Xi on ‘epoch-making’ visit to Saudi as Riyadh chafes at US censorship

RIYADH, Dec 7 (Reuters) – Chinese President Xi Jinping began a visit to Saudi Arabia on Wednesday that Beijing said marked its biggest diplomatic initiative in the Arab world, as Riyadh expands global alliances beyond a longstanding partnership with the West. The meeting between the global economic powerhouse and Gulf energy giant comes as Saudi … Read more

Amazon shopping site back up after outage

Dec 7 (Reuters) – Amazon.com Inc (AMZN.O) said it has resolved an issue that prevented some users from accessing the shopping site on Wednesday. “We’re sorry that some customers may have temporarily experienced issues while shopping. We have resolved the issue,” a company spokesperson told Reuters, but did not provide any details on what caused … Read more

Elon Musk briefly loses title as world’s richest person to LVMH’s Arnault – Forbes

Dec 7 (Reuters) – Twitter owner and Tesla ( TSLA.O ) boss Elon Musk briefly lost his title as the world’s richest person on Wednesday, according to Forbes, following a steep drop in the value of his stake in the electric-car maker and a $44 billion bet on the social media firm. Bernard Arnault, the … Read more