China, Hong Kong stocks lift Asian equities; growth worries loom

China, Hong Kong stocks lift Asian equities;  growth worries loom

China, HK stocks rise after fresh reports of easing COVID curbs Economic slowdown fears temper risk sentiment Morning Bid- So what’s up with Treasuries? SINGAPORE, Dec 8 (Reuters) – Asian equities rose on Thursday, propped up by Hong Kong and China stocks amid growing optimism over an easing of COVID restrictions in the world’s second … Read more

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

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

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

Oil dips, hits lowest since January as US data fans fuel demand fears

US fuel stocks build more than expected China’s relaxation of COVID curbs to support demand Investors wary over recession warnings, rate hikes outlook HOUSTON, Dec 7 (Reuters) – Oil edged to its lowest since the start of the year in volatile trading, after US government data showed an unexpectedly large build in fuel stocks, feeding … Read more

California offshore wind auction bids top $460 mln on day two

Dec 7 (Reuters) – The first ever auction of offshore wind development rights off the coast of California entered its second day on Wednesday, with high bids topping $460 million. The Biden administration’s sale is a major milestone in its goal to put turbines along every US coastline and a critical test of developer appetite … Read more

Germany arrests 25 suspected of far-right plot to overthrow state

Military members among those being investigated Prosecutors: Parliament attack planned by some Over 3,000 security personnel involved in raids BERLIN, Dec 7 (Reuters) – German authorities on Wednesday detained 25 members and supporters of a far-right group that the prosecutor’s office said were preparing a violent overthrow of the state, with some members suspected of … Read more

US approves potential sale $3.75 billion of M1A1 Abrams tanks to Poland

WASHINGTON, Dec 6 (Reuters) – The US State Department has approved a potential sale of 116 General Dynamics (GD.N) made M1A1 Abrams tanks, other vehicles and munitions to Poland in a deal valued at up to $3.75 billion, the Pentagon said on Tuesday. The sale comes just months after Poland was authorized to buy 250 … Read more

US kicks off first California coast offshore wind auction

Dec 6 (Reuters) – The United States on Tuesday kicked off the first sale of offshore wind development rights for waters off the coast of California, expanding the nascent domestic industry to the Pacific Ocean. The auction, which began at 10 am ET (1500 GMT), is a major milestone in the Biden administration’s push to … Read more