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Oil prices settle lower on nagging worries about Chinese demand
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Medtronic raises profit forecast as surgeries return to pre-pandemic levels
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Microsoft, Activision to sell streaming rights to secure biggest video gaming deal
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Cryptoassets increase risk in developing economies, study says
Dollar firmer as traders look to Jackson Hole gathering
Date: August 22, 2023
Dollar firmer as traders look to Jackson Hole gathering By Saqib Iqbal Ahmed NEW YORK (Reuters) -The U.S. dollar edged higher against a basket of currencies on Tuesday, nearing a two-month peak touched last week, as traders awaited the Jackson Hole Symposium later in the week. The U.S. dollar index – which measures the currency...
Global stock rally pauses, U.S. yields touch new peaks
Date: August 22, 2023
Global stock rally pauses, U.S. yields touch new peaks By Karin Strohecker and Koh Gui Qing NEW YORK/LONDON (Reuters) -A comeback rally in global stocks fizzled on Tuesday as benchmark Treasury yields hit a near 16-year high on concerns that interest rates could stay higher for longer, which kept the safe-haven dollar firm near 10-week...
European shares extend comeback as chipmakers rally; Ubisoft hits 3-week high
Date: August 22, 2023
European shares extend comeback as chipmakers rally; Ubisoft hits 3-week high By Ankika Biswas and Shashwat Chauhan (Reuters) -European shares extended their rebound on Tuesday as chipmakers led a rally in technology stocks ahead of Nvidia’s earnings, while Ubisoft touched a three-week high on “call of duty” maker Activision’s plans to sell streaming rights to...
UK stocks at 6-week low as Crest Nicholson leads rout among housebuilders
Date: August 21, 2023
UK stocks at 6-week low as Crest Nicholson leads rout among housebuilders By Shreyashi Sanyal and Shubham Batra (Reuters) -UK stocks closed at a six-week low on Monday as a profit warning by homebuilder Crest Nicholson dented the outlook for the sector, dragging the housing index to its biggest monthly fall since September. The blue-chip...
Race for moon resources has begun, says Russia’s space chief after failed lunar mission
Date: August 21, 2023
Race for moon resources has begun, says Russia’s space chief after failed lunar mission MOSCOW (Reuters) – The race to explore and develop the moon’s resources has begun and Russia must remain a player despite the failure of its first lunar mission in 47 years, the head of Russia’s space agency Roskosmos said on Monday....
US dollar holds modest gains, offshore yuan rises as Jackson Hole is in view
Date: August 21, 2023
US dollar holds modest gains, offshore yuan rises as Jackson Hole is in view By Laura Matthews and Samuel Indyk NEW YORK/LONDON (Reuters) – The dollar was little changed to slightly higher against a basket of its peers on Monday, recouping some of its earlier losses as traders held on to large positions in the...