Finance

Asian stocks follow Wall St lower on economy fears

Editorial Bureau June 17, 2022

Beijing(China)- Asian stock markets were mostly lower Friday after Wall Street fell on fears that interest rate hikes will depress global economic activity. Tokyo, Seoul and Sydney fell. Shanghai and Hong Kong advanced. Oil prices edged lower but stayed above $115 per barrel. Wall Street’s

Finance World

Zimbabweans count their toes as inflation soars above 130%

Editorial Bureau June 10, 2022

Harare(Zimbabwe)- Battling rampant inflation, Zimbabweans are counting their toes as they struggle to buy food for their families. An internet rumour blazed through the country that desperate people were selling their toes for cash. The false report became so widespread that the country’s Deputy Minister of Information Kindness Paradza visited street vendors in central

Business Finance

Cost of filling average car with petrol hits £100

Editorial Bureau June 9, 2022

The cost of filling an average family car with petrol has hit £100 as fuel prices continue to rise, the RAC says. London(UK)- The motoring group called it “a truly dark day” as the cost of filling a 55-litre tank with petrol reached £100.27 on Wednesday and £103.43 for diesel. Soaring fuel prices have been […]

Finance

World shares mixed after wobbly rally on Wall Street

Editorial Bureau June 8, 2022

Bangkok (Thailand)- European markets opened mostly lower Wednesday after a day of gains in Asia as investors awaited greater clarity on where interest rates, inflation and economies are heading. Germany’s DAX slipped 0.3% to 14,517.96 while the CAC 40 in Paris shed 0.2% to 6,489.76. Britain’s FTSE 100 was little changed at 7,602.22. The futures […]

Finance

Rupee likely to depreciate amid strong dollar, unabated foreign funds outflows; USDINR to trade in this range

Editorial Bureau June 7, 2022

The rupee is expected to depreciate today amid strong dollar and unabated foreign funds outflows. However, sharp downside may be prevented on expectations of another interest rate hike by RBI. US$INR futures is likely to trade in the range of 77.75 to 77.90 Delhi(India)- The Indian Rupee is expected to depreciate further, and may even fall below […]

Finance

Global stocks rise on improved Chinese services data

Editorial Bureau June 6, 2022

Beijing(China)- Global stock markets and Wall Street futures advanced Monday after the downturn in China’s service industries eased and news reports said the Biden administration might lift U.S. tariffs on some Chinese imports. London and Frankfurt opened higher. Shanghai, Tokyo and Hong Kong advanced. Oil prices gained to stay close to $120 per barrel. A […]

Business Finance

Joe Biden wishes Elon Musk ‘lots of luck’ on SpaceX trip to Moon

Editorial Bureau June 4, 2022

Washington(USA)- US President Joe Biden has wished Elon Musk “lots of luck” for his trip to the Moon, as the Tesla CEO expressed a “super bad feeling” about the economy and decided to cut its workforce by 10 per cent. When asked about Musk’s pessimistic attitude toward the economy during a press briefing at the White House late Friday, Biden

Business Finance

Asian shares rise, and China trading closed for a national holiday

Editorial Bureau June 3, 2022

Tokyo(Japan)- Trading was closed in China for the Dragon Boat Festival, a national holiday. Benchmarks in the rest of the region edged higher, cheered by a rally overnight on Wall Street. Asian shares rose Friday amid mixed signs for investors such as rising energy prices and COVID-19 restrictions easing in China. Market players are closely […]

Articles Finance

Reuters Events brings Europe’s foremost financial technology experts to London

Editorial Bureau June 1, 2022

Reuters Events brings Europe’s foremost financial technology experts to London in June for Payments Summit Europe 2022 Europe’s top financial executives and payment strategists will gather in London this June to debate the future of payments, conference organiser Reuters Events said. Payments Summit Europe 2022, at the Hilton Tower Bridge on June 28 and 29, […]

Finance

China’s Russia dealings irk US, but don’t breach sanctions

Editorial Bureau June 1, 2022

Beijing(China)- China’s support for Russia through oil and gas purchases is irking Washington and raising the risk of U.S. retaliation, foreign observers say, though they see no sign Beijing is helping Moscow evade sanctions over its war on Ukraine. Beijing’s importance as a lifeline to Russian President Vladimir Putin rose Monday after the 27-nation European Union, […]