EXCLUSIVE Sri Lanka to seek $3 billion to stave off crisis -finance minister

EXCLUSIVE Sri Lanka to seek  billion to stave off crisis -finance minister

Seeks further $500 mln from India for fuel Government priority to ensure supply of essentials To raise taxes and fuel prices within six months COLOMBO, April 9 (Reuters) – Sri Lanka will need about $3 billion in external assistance over the next six months to help restore supplies of essential items including fuel and medicine, … Read more

Global stocks rebound goal set for weekly loss

Global stocks rebound goal set for weekly loss

LONDON, April 8 (Reuters) – European shares rebounded on Friday but world stocks were still on track for their first weekly loss in four as the prospect of aggressive global rate hikes and geopolitical risks rattled investors. Global risk appetite declined during the week as minutes from the Federal Reserve and European Central Bank showed … Read more

Crypto and gaming collide in high-risk ‘play-to-earn’ economies

Crypto and gaming collide in high-risk ‘play-to-earn’ economies

April 8 (Reuters) – Jarindr Thitadilaka says he made as much as $2,000 a month last year from his collection of digital pets, which he would breed and send into battle to win cryptocurrencies. The 28-year-old from Bangkok was playing Axie Infinity, one of a new breed of blockchain-based online games, dubbed “play-to-earn”, which blend … Read more

Stocks rally late, 10-yr US Treasury yield hits 3-yr high

Stocks rally late, 10-yr US Treasury yield hits 3-yr high

US stocks end higher 10-year Treasury yield rises Investors still digesting Fed signals NEW YORK, April 7 (Reuters) – Stock indexes mostly rose on Thursday as investors snapped up beaten-down shares, while the US dollar climbed to its highest in nearly two years and the US Treasury 10-year yield touched a three-year high following hawkish … Read more

Maldives shelters sanctioned Russian billionaires’ yachts

Maldives shelters sanctioned Russian billionaires’ yachts

Maldives will not actively pursue yacht seizures – sources Fears impact of Russia sanctions on tourism industry – sources “Far-fetched” to think yachts will be confiscated MALE, April 7 (Reuters) – A day after coal and fertilizer billionaire Andrey Melnichenko was placed on the European Union’s sanctions list on March 9, his superyacht Motor Yacht … Read more

Biden administration holds EV industry meeting with Musk, Barra

Biden administration holds EV industry meeting with Musk, Barra

WASHINGTON, April 6 (Reuters) – The Biden administration said senior officials held a meeting Wednesday with major automotive leaders including Tesla (TSLA.O) Chief Executive Elon Musk and General Motors (GM.N) Chief Executive Mary Barra to discuss electric vehicles and charging. The administration said in a statement “there was broad consensus that charging stations and vehicles … Read more

Exclusive: China state refiners shun new Russian oil trades

Exclusive: China state refiners shun new Russian oil trades

Sinopec, CNOOC, PetroChina, Sinochem refrain from new purchases Worries about sanctions keep state firms at bay Some independent refiners continue ESPO crude imports SINGAPORE, April 6 (Reuters) – China’s state refiners are honoring existing Russian oil contracts but avoiding new ones despite steep discounts, heeding Beijing’s call for caution as western sanctions mount against Russia … Read more

Stocks slip, bonds hit as bets on Fed action rise

Stocks slip, bonds hit as bets on Fed action rise

The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, February 28, 2022. REUTERS/Staff Register now for FREE unlimited access to Reuters.com Register US treasury yields hit multi-year highs Dollar at its strongest in nearly two years Fed minutes eyed as bets on big rate hike increase Oil gains … Read more

Russian auto boomtown grinds to halt over Ukraine sanctions

Russian auto boomtown grinds to halt over Ukraine sanctions

Kaluga car plants halt production Car demand falls, food prices soar Some hope Western resolve won’t last Others have seen crises pass before April 5 (Reuters) – Thousands of auto workers have been furloughed and food prices are soaring as Western sanctions pummel the small Russian city of Kaluga and its flagship foreign carmakers, with … Read more

Shanghai lockdown deepens after new surge in asymptomatic COVID cases

Shanghai lockdown deepens after new surge in asymptomatic COVID cases

SHANGHAI, April 5 (Reuters) – The major Chinese financial center of Shanghai extended restrictions on transportation on Tuesday after a day of intensive city-wide testing saw new COVID-19 cases surge to more than 13,000, with no end to the lockdown in sight . After originally taking a more piecemeal approach aimed at minimizing economic disruptions, … Read more