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

EU slashes 10% of Russian imports with new sweeping sanctions

EU slashes 10% of Russian imports with new sweeping sanctions

EU bans Russian coal in first hit to energy imports Existing coal contracts must be terminated by start of August EU also bans imports of Russian chemicals, vodka, caviar Exports of technology, jet fuel to Russia banned More oligarchs, Putin’s daughters face asset freezes April 8 (Reuters) – The European Union on Friday formally adopted … 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

Fed officials to take clearer to balance sheet; ‘many’ back big rate hikes

Fed officials to take clearer to balance sheet;  ‘many’ back big rate hikes

April 6 (Reuters) – Federal Reserve officials in March “generally agreed” to cut up to $95 billion a month from the central bank’s asset holdings as another tool in the fight against surging inflation, even as the war in Ukraine tempered the first US interest rate increase. Minutes of the Fed’s March 15-16 meeting showed … 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

Stocks rise with growth names, dollar up on talk of more Moscow sanctions

Stocks rise with growth names, dollar up on talk of more Moscow sanctions

US stocks gain with megacaps Oil prices jump, US dollar strengthens 2yr/10yr Treasury yield curve remains inverted NEW YORK, April 4 (Reuters) – Stocks on global indexes rose on Monday, with the Nasdaq and growth names leading gains on Wall Street, while the US dollar strengthened on talk of more sanctions against Moscow following international … Read more

Germany says West to agree more sanctions on Russia after Bucha killings

Germany says West to agree more sanctions on Russia after Bucha killings

German minister urges tougher EU stance on gas imports Ukraine demands tougher sanctions on Russia Russia says West has declared economic war LVIV, Ukraine, April 3 (Reuters) – Germany said on Sunday that the West would agree to impose more sanctions on Russia in the coming days after Ukraine accused Russian forces of war crimes … Read more

Kremlin warns West: ruble-for-gas scheme is the ‘prototype’

Kremlin warns West: ruble-for-gas scheme is the ‘prototype’

A model of the natural gas pipeline is placed on Russian Ruble banknote and a flag in this illustration taken, March 23, 2022. REUTERS/Dado Ruvic/Illustration/File Photo/File Photo Register now for FREE unlimited access to Reuters.com Register Russia to price more exports in rubles Russia sees end to West’s currency dominance Gas-ruble scheme is just the … Read more