Analysis: Argentina’s economic crisis whack-a-mole goes into overdrive

The facade of Argentina’s Central Bank is pictured in the financial district of Buenos Aires, Argentina December 7, 2021. REUTERS/Agustin Marcarian Register now for FREE unlimited access to Reuters.com register BUENOS AIRES, June 28 (Reuters) – Argentina’s economic alarm bells are ringing loudly with fears of a global recession and spiraling inflation stoking investor fears … Read more

Stocks swing higher as China eases quarantine rules

A man wearing a protective mask, amid the coronavirus disease (COVID-19) outbreak, walks past an electronic board displaying graphs (top) of Nikkei index outside a brokerage in Tokyo, Japan, March 10, 2022. REUTERS/Kim Kyung-Hoon Register now for FREE unlimited access to Reuters.com register HONG KONG, June 28 (Reuters) – Asian shares swung into positive territory … Read more

European shares hit two-week high as China eases COVID-19 curbs

The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, June 24, 2022. REUTERS/Staff Register now for FREE unlimited access to Reuters.com register Prosus tops STOXX 600 on Tencent stake sale plan Shanghai declares victory over COVID-19 Mining sector leads gains June 27 (Reuters) – European shares closed at … Read more

Credit Suisse found guilty in cocaine cash laundering case

Credit Suisse first major Swiss bank to face criminal trial Former banker found guilty of qualified money laundering Bank plans to appeal BELLINZONA, Switzerland, June 27 (Reuters) – Credit Suisse (CSGN.S) was convicted by Switzerland’s Federal Criminal Court on Monday of failing to prevent money-laundering by a Bulgarian cocaine trafficking gang in the country’s first … Read more

Growth stocks drag Nasdaq lower, energy shares bounce

A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, US, June 22, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com register S&P 500 energy stocks among few gainers Robinhood rises on Goldman Sachs upgrade Dow flat, S&P up 0.25%, Nasdaq down 0.34% June 27 … Read more

Stocks extend bear market bounce as inflation angst eases

MILAN/TOKYO, June 27 (Reuters) – World shares extended their bounce on Monday, building on Friday’s strong Wall Street close as off-peak oil prices helped sentiment improve and temper fears of prolonged inflation. Strong morning gains in Europe and a rally across Asian markets after China further eased COVID-19 restrictions drove the MSCI’s benchmark for global … Read more

Wall St Week Ahead: Bruised U.S. stock investors brace for more pain in second half of 2022

A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, US, June 13, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com register NEW YORK, June 24 (Reuters) – With US stocks on track to mark their worst first half of the year in more than … Read more

U.S. new home sales rebound in May; consumer sentiment at record low

Carpenters work on building new townhomes that are still under construction while building material supplies are in high demand in Tampa, Florida, US, May 5, 2021. REUTERS/Octavio Jones/File Photo Register now for FREE unlimited access to Reuters.com register New home sales rebound 10.7% in May; April data revised up Median house price jumps 15.0% to … Read more

Stocks temper their inflation expectations on copper pounding

S&P futures up 0.9%, European stocks gain 1.5% MSCI world stocks eyeing 2.5% weekly rise Copper falls more than 7% on week, oil down 2% German 10-year bond yields drop 4 bps LONDON, June 24 (Reuters) – World stocks headed for their first weekly gain in a month and Wall Street was set to open … Read more

Toyota, Subaru shares drop on “embarrassing” recalls of first EVs

TOKYO, June 24 (Reuters) – Toyota Motor (7203.T)shares after it recalled some of its first mass-made all-electric cars, launched two months ago, because of a risk of wheels coming loose, a setback to its ambitions to electrify its model range. Toyota, the world’s largest automaker by sales, said on Thursday it would recall 2,700 bZ4X … Read more