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Russia freezes trading in up to 14% of U.S.-listed shares on SPB Exchange
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Tesla Shanghai plant restores weekly output to 70% of pre-lockdown level -sources
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Russia to service foreign debt using gas-for-roubles type scheme -Vedomosti
Investing
Marketmind: One investor’s rebound is another’s bear rally
Swedish economy shrinks as pandemic and war pinch exports
Date: May 30, 2022
STOCKHOLM (Reuters) -Sweden’s economy slowed sharply in the first quarter of the year, data from the Statistics Office showed on Monday, confirming that the lingering effects of the pandemic and war in Ukraine have put the brakes on growth. Gross domestic product (GDP) contracted 0.8% compared with the final quarter of 2021, downwardly revised from...
Analysis-Safe as houses? Rising rates test foundations of property boom
Date: May 30, 2022
By Francesco Canepa and Julie Gordon (Reuters) – In Toronto’s far-flung suburbs, just a few months ago a typical three-bedroom house would have fetched 40 offers on bidding night and sold well over the asking price. Now, home-buyers have become hard to find. “You’re not getting the bidding wars anymore,” said Tim Keung, chief executive...
Dollar drifts toward monthly loss as Fed bets ease
Date: May 30, 2022
By Tom Westbrook SINGAPORE (Reuters) – The dollar nursed last week’s losses on Monday and was headed for its first monthly drop in five months as investors have scaled back bets that rising U.S. rates will spur further gains and as fears of a global recession have receded a little. The week ahead is full...
Ukraine war hits Africa’s most vulnerable as aid costs spike
Date: May 30, 2022
By Edward McAllister DAKAR (Reuters) – A small charity broke ground this year on a clinic in northern Burkina Faso to care for thousands of women and children who have fled Islamist insurgents wreaking havoc along the fringes of the Sahara. But when Russia invaded Ukraine in February, global supply chains buckled and the cost...
Biden heads to Texas town crushed by deadliest mass school shooting in a decade
Date: May 29, 2022
(Corrects to remove extra letter in “Greg” in paragraph 15 and adds dropped word “school” in headline) By Jarrett Renshaw WILMINGTON, Del. (Reuters) -President Joe Biden on Sunday headed to a Texas town to comfort families ripped apart by the largest U.S. school shooting in a decade amid lingering questions about whether law enforcement’s failure...
List of new cardinals named by Pope Francis
Date: May 29, 2022
VATICAN CITY (Reuters) – Here is a list of the 21 men Pope Francis will install as Roman Catholic cardinals at a ceremony known as a consistory on Aug. 27. Cardinal Electors under 80 will be able to enter a conclave to elect the next pope after Francis dies or retires: 1. Archbishop Arthur Roche...