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Top StoriesBefore Fatal Shooting, Japan’s Abe Was up Close With the Crowd
Top StoriesWar Dominates G20 Meeting as Russia Chides West’s ‘frenzied’ Criticism
Top StoriesSafety-Bid Lifts Yen After Former PM Shot, Euro Falls Towards Parity
InvestingChipmakers Revive Stocks as Euro Struggles After Freefall
Russia Attends G20 Meeting Set to Be Dominated by Ukraine Conflict
Date: July 7, 2022
By Stanley Widianto NUSA DUA, Indonesia (Reuters) – Russian Foreign Minister Sergei Lavrov was on the Indonesian island of Bali on Thursday preparing for a G20 gathering that will be his first face-to-face meeting with the fiercest critics of his country’s invasion of Ukraine. The G20 foreign ministers’ meeting runs until Friday in host country...
EU Parliament Backs Labelling Gas and Nuclear Investments as Green
Date: July 6, 2022
By Kate Abnett BRUSSELS (Reuters) -The European Parliament on Wednesday backed EU rules labelling investments in gas and nuclear power plants as climate-friendly, throwing out an attempt to block the law that has exposed deep rifts between countries over how to fight climate change. The vote paves the way for the European Union proposal to...
Forward Curve Sets Contract Highs Over Gas Questions
Date: July 6, 2022
PARIS (Reuters) -European forward curve power prices reached contract highs on Wednesday as the German labour union Verdi called for Berlin to step in quickly to rescue utility Uniper, and Germany said there are no plans to pass on higher energy costs to consumers. In France, the government is aiming for a full nationalisation of...
Emerging Markets Post Longest Streak of Monthly Outflows Since 2015, Iif Says
Date: July 6, 2022
NEW YORK (Reuters) – Emerging markets suffered a fourth straight month of portfolio outflows in June, notching the longest losing streak in seven years, as recession fears and inflation rattled investors, data from the Institute of International Finance showed. June saw non-resident portfolio outflows of $4.0 billion, according to the data published on Wednesday, which...
If History Repeats Itself, Equities Set for Brief Relief in July
Date: July 6, 2022
By Joice Alves LONDON (Reuters) – If history is any indicator of the future, the first two weeks of July could bring relief to investors after a bruising first half of the year. World stocks have shed more than $20 trillion in value since hitting record highs in January. Most major markets are firmly entrenched...
European Shares Climb on Easing Energy Worries as Norway Strike Ends
Date: July 6, 2022
By Devik Jain (Reuters) -European shares rose on Wednesday as an end to strike by Norwegian oil and gas workers eased worries of energy supply crunch, while Just Eat Takeaway.com jumped after Amazon agreed to buy a stake in unit Grubhub. The continent-wide STOXX 600 was up 1.7%, after ending 2.1% lower in the previous...