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Analysis-As earnings support U.S. stock rebound, worries over future profits grow
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Analysis-Oil prices turn more volatile as investors exit the market
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Dollar steady before retail sales, Fed minutes
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Oil falls to 6-mth low on economic data, awaits news of Iran nuclear deal
Global stocks steady, U.S. Treasury yields rise as recession worries persist
Date: August 16, 2022
By Chibuike Oguh NEW YORK (Reuters) -Global equity markets were flat while U.S. Treasury yields rose on Tuesday as recession worries persisted amid concern the Federal Reserve will continue its steep interest rate hikes despite nascent signs of a slowdown in inflation. The yield curve between two- and 10-year Treasury notes, viewed as an indicator...
Russia’s SUEK, EuroChem ask bondholders for debt payment freeze
Date: August 16, 2022
GDANSK, Poland/LONDON (Reuters) -Two of the world’s largest coal and fertiliser companies formerly controlled by Russian businessman Andrey Melnichenko requested bond interest payment freezes on Tuesday, blaming the impact of sanctions and Russia’s retaliatory capital measures. SUEK, Russia’s largest coal firm and among the top 10 in the world, asked holders of its $500 million...
FTSE 100 ends higher as miners shine, Ted Baker soars on buyout deal
Date: August 16, 2022
By Sruthi Shankar and Johann M Cherian (Reuters) -Britain’s top share index ended near a 10-week peak on Tuesday as strong results from BHP Group sparked a rally in mining stocks, while fashion chain Ted Baker soared on a buyout deal. The commodity-heavy FTSE 100 rose 0.4%. London-listed shares of BHP Group Ltd rose 5.5%...
UK sees biggest rise in foreign workers since COVID-19 pandemic
Date: August 16, 2022
By David Milliken LONDON (Reuters) – Britain recorded its biggest rise in foreign workers since the start of the COVID-19 pandemic in the year to June, driven overwhelmingly by workers from outside the European Union, official figures showed on Tuesday. Since January 2021, most EU citizens not already working in Britain must be sponsored by...
WHO vows nothing ‘ridiculous’ as public submits ideas to rename monkeypox
Date: August 16, 2022
By Emma Farge and Jennifer Rigby GENEVA/LONDON (Reuters) – Poxy McPoxface, TRUMP-22 or Mpox: these some of the ideas sent in by the public to the World Health Organization as it seeks a new name for monkeypox. Often disease names are chosen behind closed doors by a technical committee, but the WHO has this time...
European stocks rally for fifth day as defensives, miners climb
Date: August 16, 2022
By Sruthi Shankar (Reuters) -European shares extended gains for a fifth straight session on Tuesday, buoyed by defensive sectors and miners, although concerns over a potential recession limited further upside. The continent-wide STOXX 600 index rose 0.4%, hitting a fresh 10-week high after recouping much of its June losses this week. Miners jumped 1.6% to...