Stocks fall, dollar gains as US inflation prompts 100 bps hike bets

Stocks fall, dollar gains as US inflation prompts 100 bps hike bets

LONDON, July 14 (Reuters) – European shares dropped in early trading on Thursday and the safe-haven dollar was up after the latest red-hot US inflation reading increased investor caution about Federal Reserve rate hikes. Wednesday’s data showed US consumer prices jumped 9.1% year-on-year in June, up from May’s 8.6% rise. read more The data was … Read more

TSMC sees resilient chip sales boosting Q3; electronics demand cooling

TSMC sees resilient chip sales boosting Q3;  electronics demand cooling

The logo of Taiwan Semiconductor Manufacturing Co (TSMC) is pictured at its headquarters, in Hsinchu, Taiwan, Jan. 19, 2021. REUTERS / Ann Wang Register now for FREE unlimited access to Reuters.com Register Sees Q3 revenue up to $ 19.8 bln- $ 20.6 bln from $ 14.88 bln yoy Confident on long term chip demand Q2 … Read more

China’s exports pick up speed, but global risks darken trade outlook

China's exports pick up speed, but global risks darken trade outlook

Containers and trucks are seen following a snowfall at the port of Qingdao, Shandong province, China February 14, 2019. REUTERS / Stringer / File Photo Register now for FREE unlimited access to Reuters.com Register China June export grows at fastest pace in 5 months June import growth slows, misses f’cast Overall export outlook still faces … Read more

Asian stocks gain as investors brace for US inflation data

Asian stocks at lowest in two years, euro near par with dollar on growth fears

People pass by an electronic screen showing Japan’s Nikkei share price index inside a conference hall in Tokyo, Japan June 14, 2022. REUTERS / Issei Kato Register now for FREE unlimited access to Reuters.com Register HONG KONG / TOKYO, July 13 (Reuters) – Stocks made slight gains across Asia on Wednesday while the euro hovered … Read more

Exclusive: France’s Pernod puts new India investments on hold, citing protracted tax fight

Exclusive: France's Pernod puts new India investments on hold, citing protracted tax fight

Pernod at odds with Indian authorities over tax matters Differences between two sides on valuation of liquor imports Pernod told PM Modi’s office disputes hitting investments French spirits firm one of the biggest liquor companies in India NEW DELHI, July 12 (Reuters) – French spirits group Pernod Ricard (PERP.PA) has put new Indian investments on … Read more

Asian stocks at lowest in two years, euro near par with dollar on growth fears

Asian stocks at lowest in two years, euro near par with dollar on growth fears

HONG KONG, July 12 (Reuters) – Asian shares fell on Tuesday, weighed down by the prospect of further monetary policy tightening by central banks, China’s renewed COVID outbreak and Europe’s energy shortage, which also left the euro a whisker from parity with the safe haven dollar. MSCI’s broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) … Read more

Column: Saudi crude oil price hike set to collide with recession fears: Russell

Column: Saudi crude oil price hike set to collide with recession fears: Russell

Saudi Arabia Shaybah oilfield complex is seen in this aerial view deep in the Rub ‘al-Khali desert, Saudi Arabia, November 14, 2007. REUTERS / Ali Jarekji (SAUDI ARABIA) Register now for FREE unlimited access to Reuters.com Register LAUNCESTON, Australia, July 7 (Reuters) – Consider the following to show just how weird global crude oil markets … Read more

Asia shares cautious as Wall St futures slip

Asia shares cautious as Wall St futures slip

A man walks under an electronic screen showing Japan’s Nikkei share price index inside a conference hall in Tokyo, Japan June 14, 2022. REUTERS / Issei Kato Register now for FREE unlimited access to Reuters.com Register Asian stock markets: Nikkei edges up 0.9%, but S&P 500 futures slip Bonds extend rally amid recession chatter Payrolls … Read more

Asia’s factories feeble despite China bounce, feeds global recession fears

Asia's factories feeble despite China bounce, feeds global recession fears

A bicycle rider rides past a factory at Keihin industrial zone in Kawasaki, south of Tokyo, Japan, August 18, 2016. REUTERS / Kim Kyung-Hoon Register now for FREE unlimited access to Reuters.com Register Japan, S. Korea PMIs slow in June on supply constraints Taiwan’s PMI contracts, other Asian PMIs also soft China’s Caixin index expands … Read more

World stocks in red as consumers signal recession ahead

World stocks in red as consumers signal recession ahead

LONDON / TOKYO, June 29 (Reuters) – Global stock markets slipped for the second straight day on Wednesday and bond yields inched lower on growing fears that policymakers bent on dampening inflation will tip their economies into recession. A succession of weak data releases in Europe and the United States has not prevented central bankers … Read more