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Analysis-As N.Korea gears up for potential nuclear test, missiles get little domestic fanfare
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Dollar steady near one-month low as Fed minutes contain few surprises
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Italy business and consumer morale rise in May but manufacturing still downbeat
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Pound steady near 3-week highs, UK household support plan eyed
Ukraine says Russia shells more than 40 towns in Donbas push
Date: May 26, 2022
By Pavel Polityuk and Max Hunder KYIV (Reuters) – Russian forces shelled more than 40 towns in Ukraine’s eastern Donbas region, Ukraine’s military said, threatening to shut off the last main escape route for civilians trapped in the path of their invasion, now in its fourth month. After failing to seize Ukraine’s capital Kyiv or...
Marketmind: The R word
Date: May 26, 2022
A look at the day ahead in markets from Sujata Rao Minutes from the Fed’s last meeting indicated the U.S. central bank is not yet contemplating bigger, 75 basis-point rate rises. That, alongside softer economic dataprints, is inducing money markets to keep dialling back their view of where the Fed funds rate may peak. The...
Analysis-Russia prepares to seize western firms looking to leave
Date: May 26, 2022
By John O’Donnell (Reuters) – Russia is advancing a new law allowing it to take control of the local businesses of western companies that decide to leave in the wake of Moscow’s invasion of Ukraine, raising the stakes for multinationals trying to exit. The law, which could be in place within weeks, will give Russia...
Global LNG markets brace for unknowns ahead of winter
Date: May 26, 2022
By Joyce Lee and Florence Tan DAEGU, South Korea (Reuters) – Global liquefied natural gas (LNG) buyers and sellers are bracing for more uncertainty over Russian supplies and a murky demand outlook from Europe and top importer China in the run-up to peak winter season, industry executives said. Western sanctions on Russia due to the...
Analysis-Schroeder throws in towel as German industry clings on to Russian gas
Date: May 26, 2022
By John O’Donnell and Christoph Steitz FRANKFURT (Reuters) – Gerhard Schroeder has backed off from taking a top role at Russian energy giant Gazprom, dealing a setback to Germany’s gas lobby as it seeks to keep the energy lifeline from Russia open. The former German chancellor played a critical role in establishing the energy bond...
‘Just one of the boys’: the schooldays that shaped Prince Charles
Date: May 25, 2022
By Sarah Mills LONDON (Reuters) – British heir to the throne Prince Charles was “just one of the boys” when he was a pupil at a remote boarding school in Scotland, going about his day-to-day life and developing a later passion for the arts and environment. Charles was 13 when, in May 1962, he began...