Asia

Dollar reigns as investors fear recession pain

Oil, Europe equity futures steady after steep drop Euro huddles at 20-yr low; sterling squeezed China stocks slip on fresh Shanghai virus outbreak TOKYO/SINGAPORE, July 6 (Reuters) – Asian stocks fell and the dollar stood by a two-decade high on the euro on Wednesday as investors’ fears deepened that the continent is leading the world …

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ASML shares fall on report US wants to restrict sales to China

ASML logo is seen in this illustration taken on February 28, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com register AMSTERDAM, July 5 (Reuters) – Shares in ASML Holding (ASML.AS), a key supplier of equipment to semiconductor makers, fell on Tuesday following a Bloomberg News report that the US government wants to …

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Ben & Jerry’s sues parent Unilever to block sale of Israeli business

NEW YORK, July 5 (Reuters) – Ben & Jerry’s on Tuesday sued its parent Unilever Plc (ULVR.L) to block the sale of its Israeli business to a local licensee, saying it was inconsistent with its values ​​to sell its ice cream in the occupied West Bank. The complaint filed in the US District Court in …

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Euro slumps to two-decade low as recession fears bite

Euro drops to since end of 2002 as lowest build Dollar rises as Treasury yields rebound Yen near 24-year lows again Aussie dollar fails to gain traction after 50 bps rate hike Norway’s crown drops nearly 1.2% as gas workers strike LONDON, July 5 (Reuters) – The euro slumped to a two-decade low on Tuesday …

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Morning Bid: Inflation vs. recession

An ibis bird perches next to the Reserve Bank of Australia headquarters in central Sydney, Australia February 6, 2018. REUTERS/Daniel Munoz Register now for FREE unlimited access to Reuters.com register A look at the day ahead in markets from Dhara Ranasinghe. Yes, recession risk remains high on markets’ radar but no, there are yet few …

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Bank of England tells lenders to brace for economic storm

By Andy Bruce and Huw Jones LONDON, July 5 (Reuters) – The Bank of England warned on Tuesday that the economic outlook for Britain and the world had darkened and told banks to ramp up capital buffers to ensure they can weather the storm. “The economic outlook for the UK and globally has deteriorated materially,” …

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Cryptoverse: The bonfire of the NFTs

July 5 (Reuters) – The NFT dream isn’t dead, but it’s taken a big non-fungible beating. The market shone gloriously last year as crypto-rich speculators spent billions of dollars on the risky assets, pumping up prices and profits. Now, six months into 2022, it’s looking ugly. Monthly sales volume on the largest NFT marketplace, OpenSea, …

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Inflation at 24-yr high adds to strains in South Korea’s economy

A woman wearing a protective mask is seen at a fish market amid the coronavirus disease (COVID-19) outbreak continues in Seoul, South Korea April 5, 2020 REUTERS/Kim Hong-Ji Register now for FREE unlimited access to Reuters.com register June inflation at highest since 1990s Asia financial crisis Foreign exchange reserves fall in June by most since …

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Hacker claims to have stolen 1 bln records of Chinese citizens from police

A police officer in a protective suit checks on a commuter at a subway station, after the lockdown placed to curb the coronavirus disease (COVID-19) outbreak was lifted in Shanghai, China June 2, 2022. REUTERS/Aly Song/File Photo Register now for FREE unlimited access to Reuters.com register SHANGHAI, July 4 (Reuters) – A hacker has claimed …

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Stocks up in holiday mood on resilient oil

Oil recovers after losing $1 a barrel in early trade Nikkei rises 0.84%, Chinese stocks up 0.7% FTSE up more than 1%, S&P futures down 0.3% Payrolls seen slowing this week, Fed minutes seen hawkish LONDON, July 4 (Reuters) – World stocks rose on Monday in trade thinned by a US holiday, benefiting from a …

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