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InvestingGlobal Markets in “unambiguous Contrarian Buy Territory” – BofA
Top StoriesShanghai Finds Cases After Five Days of ‘zero Covid’ but End of Lockdown on Track
Top StoriesFactbox-Biden in Asia: South Korea, Japan Schedule and To-Do List
Top StoriesAbn Amro’s Profit Beats Estimates, but Ukraine War Concerns Loom

Shanghai Hits Prized ‘zero Covid’ Status but Lockdown Lingers
Date: May 17, 2022
By David Stanway and Martin Quin Pollard SHANGHAI/BEIJING (Reuters) -Shanghai achieved its long-awaited milestone of three consecutive days with no new COVID-19 cases outside quarantine zones on Tuesday but most residents will have to put up with confinement for a while longer before resuming more normal life. For other cities in China that have been...

Big Oil Gets Investor Reprieve as Energy Worries Trump Climate Concerns
Date: May 16, 2022
By Ross Kerber and Simon Jessop BOSTON/LONDON (Reuters) -Big Oil has enjoyed an easier ride at shareholder meetings so far this year compared with last year’s punishing run of hostile investor votes tied to climate concerns, as those issues have been eclipsed by tight oil supplies. Major oil companies have handily defeated several high-profile climate...

Germany to Reject EU Green Investment Label for Nuclear Power
Date: May 16, 2022
By Kate Abnett BRUSSELS (Reuters) – Germany will oppose European Union plans to include nuclear energy as a sustainable investment in its “taxonomy” policy for labelling green investments, the government said on Monday. Brussels is seeking approval from EU countries and European Parliament for its plan to label gas and nuclear as climate-friendly investments, which...

Analysis-Big Oil Gets Investor Reprieve as Energy Worries Trump Climate Concerns
Date: May 13, 2022
By Ross Kerber and Simon Jessop BOSTON/LONDON (Reuters) – Big Oil has enjoyed an easier ride at shareholder meetings so far this year compared with last year’s punishing run of hostile investor votes tied to climate concerns, as those issues have been eclipsed by tight oil supplies. Major oil companies have handily defeated several high-profile...

Global Equity Funds See Massive Outflows on Slowdown Fears
Date: May 13, 2022
(Reuters) – Global equity funds witnessed a surge in outflows in the week ended May 11, as fears of an economic slowdown and further tightening by major central banks to tame stubborn inflation spooked investors. In a fifth straight week of net selling, investors liquidated global equity funds worth $10.53 billion, compared with just $1.65...

Banking Crypto Investment Losses With Tax Authorities
Date: May 12, 2022
By Paul Webster, Director of Kreston Reeves With the price of crypto assets falling this year amidst the backdrop of the war in Ukraine and interest rate hikes, many investors in the digital asset market will now be sitting on significant losses. Those hardest hit will the ones that entered the markets in late 2021...
