Biden, South Korea’s Yoon vow to deter North Korea but offer COVID aid

SEOUL, May 21 (Reuters) – President Joe Biden and his new South Korean counterpart agreed on Saturday to hold bigger military drills and deploy more US weapons if necessary to deter North Korea, while offering to send COVID-19 vaccines and potentially meet Kim Jong Un. Biden and Yoon Suk-yeol said their countries’ decades-old alliance needed … Read more

Putin promises to bolster Russia’s IT security in face of cyber attacks

May 20 (Reuters) – President Vladimir Putin said on Friday that the number of cyber attacks on Russia by foreign “state structures” had increased several times over and that Russia must bolster its cyber defenses by reducing the use of foreign software and hardware. The websites of many state-owned companies and news websites have suffered … Read more

Global markets in “unambiguous contrarian buy territory,” Bank of America says

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 LONDON, May 20 (Reuters) – The trillions wiped off global markets in … Read more

Asian shares bounce as China moves to boost housing

FILE PHOTO – An investor stands in front of an electronic board showing stock information at a brokerage house in Shanghai, China, August 24, 2015. REUTERS/Aly Song Register now for FREE unlimited access to Reuters.com register MSCI Asia ex-Japan +1.8%, Nikkei +1.3% European shares set to follow Asia’s lead Equities rally after China cuts loan … Read more

Shares slide as global growth fears mount

FILE PHOTO – An investor sits in front of a board showing stock information at a brokerage office in Beijing, China, December 7, 2018. REUTERS/Thomas Peter Register now for FREE unlimited access to Reuters.com register BEIJING/HONG KONG, May 19 (Reuters) – Asian stocks slid on Thursday, tracking a steep Wall Street selloff, as investors worried … Read more

Stock market rebound fizzles, UK inflation hits 40-year high

LONDON, May 18 (Reuters) – A rebound in stocks ran out of steam on Wednesday concerns about the economic growth outlook and rising inflation knocked sentiment, while a UK inflation reading of 9% underlined just how much higher interest rates might be headed. Asian stocks managed to eek out their fourth straight session of gains … Read more

Asia stocks struggle after dire China data

Traders are seen in front of a screen with trading figures in red at Thailand Stock Exchange building in Bangkok, Thailand March 13, 2020. REUTERS/Juarawee Kittisilpa/Files Register now for FREE unlimited access to Reuters.com register Asian stock markets: China retail sales dive 11.1%, output drops 2.9% Nikkei pairs gains, S&P 500 futures turn lower Dollar … Read more

Oil up more than 5%, as Russia-EU energy quarrel intensifies

Workers walk as oil pumps are seen in the background in the Uzen oil and gas field in the Mangistau Region of Kazakhstan November 13, 2021. REUTERS/Pavel Mikheyev Register now for FREE unlimited access to Reuters.com register Crude rallies after nearly 10% slide over two days Hungary digs heels in over EU embargo on Russian … Read more

Shares rise, yields off slightly after U.S. inflation data

NEW YORK/MILAN, May 11 (Reuters) – The S&P 500 and the Dow were gaining ground on Wednesday and the dollar index declined after data showed US inflation slowed on a year-on-year basis last month, giving investors some hope that price surges are peaking. US stock futures initially lost ground after core inflation, excluding items such … Read more

Ukraine hails ‘turning point’ after Germany toughens stance on Russia

KYIV, Ukraine, May 10 (Reuters) – Ukraine welcomed what it called an “historical turning point” as German Foreign Minister Annalena Baerbock visited Kyiv on Tuesday backing Ukraine’s bid for full European Union membership and cutting energy ties to Russia. Baerbock is the highest-ranking German government official to visit Ukraine since Russia’s invasion began on Feb. … Read more