By Herbert Lash NEW YORK (Reuters) -Global equity markets skidded on Wednesday as poor corporate results fueled recession fears, as did the ongoing inversion of short- and long-dated Treasury yields – a harbinger of economic downturns. But the main indexes on Wall Street sharply pared losses, suggesting that many believe a downturn, coupled with rising …
Stocks slide as corporate results spur recession fears Read More »
LONDON (Reuters) -British Prime Minister Rishi Sunak has defended the appointment of his Conservative Party chairman, saying he was not aware of any tax issues at the time but had launched an investigation as soon as questions were raised. Questions over the tax affairs of Nadhim Zahawi have dogged the prime minister for a week, …
UK PM Sunak defends Conservative chairman appointment Read More »
By Chris Thomas and Aditya Kalra BENGALURU (Reuters) – Hindenburg Research said it held short positions in India’s Adani Group, accusing the conglomerate of improper use of offshore tax havens and flagging concerns about high debt that eroded $11 billion in investor wealth on Wednesday. The group, which is led by Gautam Adani, the world’s …
Hindenburg shorts India’s Adani citing debt, accounting concerns; shares plunge Read More »
By Shariq Khan BENGALURU (Reuters) -Oil prices settled largely unchanged on Wednesday after government data showed a smaller-than-anticipated build in U.S. crude inventories, countering weak economic data from Tuesday. Brent crude futures settled at $86.12 a barrel, down a cent, while the U.S. West Texas Intermediate (WTI) crude futures settled at $80.15 a barrel, up …
Oil prices steady after smaller-than-expected U.S. crude build Read More »
By Muvija M and Will Russell COVENTRY (Reuters) -Amazon workers at a warehouse in central England walked out on Wednesday in protest over pay, marking the first time the U.S. tech company’s operations in Britain have faced strike action. Stuart Richards from the GMB union told Reuters that surging inflation had pushed its members to …
Amazon workers walk out over pay in first UK strike Read More »
LONDON (Reuters) -British health minister Steve Barclay said on Wednesday a COVID-19 booster vaccination would be offered in autumn this year for those at higher risk of severe disease. Earlier on Wednesday Britain’s vaccine advisers, the Joint Committee on Vaccination and Immunisation, said plans should be made to offer such a booster vaccination. It also …
UK to give COVID booster dose to higher-risk groups in autumn Read More »
By Saqib Iqbal Ahmed NEW YORK (Reuters) -The dollar slipped against the euro on Wednesday, but its losses were capped as traders were hesitant to make any big bets ahead of next week’s central bank meetings, including the Federal Reserve and the European Central Bank. In addition, much of Asia is observing Lunar New Year …
Dollar eases as traders look to central banks for cues Read More »
By Douglas Gillison WASHINGTON (Reuters) -Wall Street’s top regulator on Wednesday unanimously voted to propose a rule barring traders in asset-backed securities from betting against the very assets they sell to investors, behavior that became infamous in the wake of the 2008 global financial crisis. The rule is among the last to be adopted under …
U.S. targets ’08 crisis trader conflicts in new rule, decade after 1st try Read More »
By Nuzulack Dausen DAR ES SALAAM (Reuters) -Tanzanian opposition leader and former presidential candidate Tundu Lissu returned home from years of exile in Belgium to a cheering crowd on Wednesday, after the government lifted a ban on political rallies. A former lawmaker and a fierce critic of the government, Lissu initially left the country to …
Tanzanian opposition leader returns home after years in exile Read More »
JOHANNESBURG (Reuters) -The South African rand was little changed on Wednesday as investors awaited an interest rate decision on Thursday. At 1640 GMT, the rand traded at 17.1800 against the U.S. dollar, compared to Tuesday’s close of 17.1850. “There is clear reluctance to adopt any significant directional momentum while investors wait for the SARB’s decision …
South African rand flat; investors await rate decision Read More »
