Wall St set for muted open after glum China data

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, US, May 12, 2022. REUTERS/Brendan McDermid/File Photo Register now for FREE unlimited access to Reuters.com Register Spirit Airlines surges after JetBlue launches hostile takeover Futures: Dow up 0.13%, S&P flat, Nasdaq off 0.08% May 16 (Reuters) – Wall Street’s … Read more

Stock markets struggle as fears over economy grow

LONDON, May 16 (Reuters) – European stocks slipped on Monday and Wall Street was set for a lower open, as investor sentiment struggled to recover from last week’s sell off amid fears of a slowdown in economic growth. Global shares hit their lowest point in 18 months last week, with investors worried that rising interest … Read more

Take Five: Recession talk justified? Follow the data

A deluge of data from across major economies comes at a pivotal moment in the debate over whether central banks are jacking up interest rates into a potentially sharp global growth slowdown. And with jittery investors dumping risk assets en masse, what comes next after a crypto-currency rout is also in focus. Here’s your week … Read more

UAE’s newly elected ruler sees Iran, Islamists as threat to Gulf safe haven

De facto ruler elected president after brother’s death MbZ forged new axis with Israel against Iran, Islamists Perhaps the Gulf’s ‘savviest’ ruler, Obama wrote DUBAI, May 14 (Reuters) – United Arab Emirates strongman Sheikh Mohammed bin Zayed al-Nahyan, who was formally elected president on Saturday, led a realignment of the Middle East that created a … Read more

Israeli police beat mourners at funeral of slain Palestinian journalist

JERUSALEM, May 13 (Reuters) – Israeli police officers charged at Palestinian mourners carrying the coffin of Al Jazeera journalist Shireen Abu Akleh on Friday, before thousands led her casket through Jerusalem’s Old City in an outpouring of grievance and anger over her killing. Packed around Abu Akleh’s coffin, dozens of Palestinians, some waving Palestinian flags … Read more

EXCLUSIVE Maker of Walmart, Amazon store-brand infant formulas expects shortages through rest of 2022

Empty shelves show a shortage of baby formula at a Target store in San Antonio, Texas, US May 10, 2022. REUTERS/Kaylee Greenlee Beal Register now for FREE unlimited access to Reuters.com Register NEW YORK, May 13 (Reuters) – Perrigo Company PLC (PRGO.N), which makes store-brand baby formulas for retailers including Walmart Inc (WMT.N) and Amazon.com … Read more

Australia says Chinese spy ship’s presence off west coast ‘concerning’

SYDNEY, May 13 (Reuters) – A Chinese intelligence ship was tracked off Australia’s west coast within 50 nautical miles of a sensitive defense facility, Australia said on Friday, raising concern amid an election campaign about China’s behavior in the region. Prime Minister Scott Morrison said the Chinese navy vessel was not in Australian territorial waters … Read more

Musk puts $44 bln Twitter deal ‘temporarily on hold’, shares slide

May 13 (Reuters) – Elon Musk tweeted that his $44-billion deal for Twitter Inc (TWTR.N) was “temporarily on hold” on Friday while he waits for data on the proportion of its fake accounts, sending shares in the social media platform plunging. Tesla CEO Musk, who added that he was still committed to the acquisition, decided … Read more

With China in focus, Biden makes $150 million commitment to ASEAN leaders

WASHINGTON, May 12 (Reuters) – US President Joe Biden opened a gathering of Southeast Asian leaders with a promise to spend $150 million on their infrastructure, security, pandemic preparedness and other efforts aimed at countering the influence of rival China. On Thursday, Biden started a two-day summit with the 10-nation Association of Southeast Asian Nations … Read more

North Korea reports first COVID-19 death after 350,000 sickened with fever

SEOUL, May 13 (Reuters) – At least one person confirmed to have COVID-19 has died in North Korea and millions of thousands have shown fever symptoms, state media said on Friday, offering hints at the potentially dire scale of country’s first confirmed outbreak of the pandemic. About 187,800 people are being treated in isolation after … Read more