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Foreigners’ dry powder is fuel for a long stock market rally in China

By Xie Yu and Ankur Banerjee HONG KONG/SINGAPORE (Reuters) -Foreign investors have barely begun buying back beaten-down stocks in China, but there are growing signs that the end of the country’s tough COVID-zero policy marks the beginning of a long global march back into Chinese equities. December’s sudden shift from tight health restrictions to almost …

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Prince Harry hits out at press over reports of Afghan killings in book

LONDON (Reuters) – Britain’s Prince Harry has hit back at “hurtful” responses to his record-selling memoir, saying he was particularly upset by the “lie” he had boasted that he had killed 25 people in Afghanistan when serving as a military helicopter pilot. In his book “Spare”, King Charles’s younger son recounts his two tours of …

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Stocks rally, bond yields fall with bets on easing U.S. inflation

By Sinéad Carew and Huw Jones NEW YORK/LONDON (Reuters) – The S&P 500 closed up more than 1% while U.S. Treasury yields fell and the dollar was little changed on Wednesday as investors bet that upcoming U.S. inflation data would allow the Federal Reserve to slow the pace of interest rate hikes. Longer-dated treasury yields …

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New U.S. House creates committee focused on competing with China

By Patricia Zengerle WASHINGTON (Reuters) – The U.S. House of Representatives voted overwhelmingly on Tuesday to create a select committee on China, using one of its first votes since Republicans took control to stress members’ desire to counter Beijing’s growing international influence. The House voted 365 to 65 in favor of a resolution establishing the …

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Trafigura sells out of Russia-backed Indian refiner Nayara Energy

By Nidhi Verma NEW DELHI (Reuters) -Trafigura has sold its 24.5% stake in Russia-backed Indian refiner Nayara Energy to a Rome-based energy investment group, following on from a deal on Monday where a group of firms backed by the commodity trading company agreed to buy Lukoil’s Italian refinery. Trafigura said it had completed the sale …

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Britain, Japan sign defence pact during PM Kishida visit to London

By Alistair Smout LONDON (Reuters) -British Prime Minister Rishi Sunak and his Japanese counterpart Fumio Kishida signed a defence agreement in London on Wednesday that will allow the countries to deploy forces on each other’s soil, the latest move towards closer security ties. Kishida and Sunak signed the reciprocal access defence agreement, agreed in principle …

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Oil gains 3% on global economic optimism, despite surprise U.S. crude build

By Scott DiSavino NEW YORK (Reuters) -Oil prices rose 3% to a one-week high on Wednesday as hopes for an improved global economic outlook and concern over the impact of sanctions on Russian crude output outweighed a massive surprise build in U.S. crude stocks. Brent futures rose $2.57, or 3.2%, to settle at $82.67 a …

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Suicide blast kills at least five outside Afghan foreign ministry

KABUL (Reuters) -A suicide bomber killed at least five people outside the Afghan foreign ministry on Wednesday, police said, and a nearby hospital said over 40 people were wounded. Kabul police spokesperson Khalid Zadran said the official confirmed death toll was five. Ustad Fareedun, an official at the Taliban-run information ministry, said 20 people were killed. …

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Failed crypto exchange FTX has recovered over $5 billion, attorney says

By Dietrich Knauth and Tom Hals NEW YORK/WILMINGTON, Del. (Reuters) -Crypto exchange FTX has recovered more than $5 billion in liquid assets but the extent of customer losses in the collapse of the company founded by Sam Bankman-Fried is still unknown, an attorney for the company told a U.S. bankruptcy court on Wednesday. The company, …

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Euro ekes out 7-month high against dollar ahead of U.S. inflation data

By John McCrank NEW YORK (Reuters) -The euro briefly hit a seven-month high against the dollar on Wednesday but held within a narrow range as traders avoided making big moves ahead of U.S. inflation data on Thursday, which may offer a clearer picture of where interest rates are headed. The euro touched $1.07765, its highest …

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