NEWS1

Wall St falls after strong service-sector data feeds hawkish Fed fears

US service sector activity picks up in November Tesla slides on reports of production cut in China Indexes down: Dow 0.70%, S&P 0.98%, Nasdaq 1.12% Dec 5 (Reuters) – Wall Street’s main indexes fell on Monday after better-than expected service-sector activity added to jitters that the US Federal Reserve might continue on its aggressive policy …

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Asia shares bank on eventual China opening; oil earnings

https://tmsnrt.rs/2zpUAr4 China shares push higher, dollar slips More Chinese cities ease coronavirus controls Cap on Russia oil comes into effect, impact uncertain SYDNEY, Dec 5 (Reuters) – Asian shares extended their rally on Monday as investors hoped steps to unwind pandemic restrictions in China would eventually brighten the outlook for global growth and commodity demand, …

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Canada’s deep yield curve inversion adds to BoC rate hike dilemma

TORONTO, Dec 4 (Reuters) – As the Bank of Canada considers ditching oversized interest rate hikes, it is dealing with an economy likely more overheated than previously thought but also the bond market’s clearest signal yet that recession and lower inflation lie ahead. Canada’s central bank says that the economy needs to slow from overheated …

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Bank of England’s Dhingra warns of deeper and longer recession with higher rates

LONDON, Dec 3 (Reuters) – Bank of England rate-setter Swati Dhingra said in an interview published on Saturday that higher interest rates could lead to a deeper and longer recession, adding there were few signs that demands for higher wages risked a wage- price spiral. While most of her colleagues backed a 75 basis-point hike …

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World Bank chief says poorest countries owe $62 bln on bilateral debt

WASHINGTON, Dec 1 (Reuters) – The world’s poorest countries now owe $62 billion in annual debt service to official bilateral creditors, an increase of 35% over the past year, World Bank President David Malpass said on Thursday, warning that the increased burden is increasing the risk of defaults. Malpass told the Reuters NEXT conference in …

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Chinese astronauts board space station in historic mission

Shenzhou-15 marks last of 11 missions since April 2021 in building of space station Shenzhou-15 crew to take over from Shenzhou-14 astronauts on space station Chinese space station to be second permanently inhabited outpost after NASA-led ISS BEIJING, Nov 30 (Reuters) – Three Chinese astronauts arrived on Wednesday at China’s space station for the first …

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Rare success for Alzheimer’s research unlocks hope for future therapies

CHICAGO, Nov 29 (Reuters) – The first big breakthrough in 30 years of Alzheimer’s research is providing momentum for clinical trials of “cocktail” treatments targeting the two hallmark proteins associated with the mind-robbing disease, according to interviews with researchers and pharmaceutical executives . Drugmakers Eisai Co Ltd (4523.T) and Biogen (BIIB.O) reported in September that …

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Asia shares, oil prices rally as China speculation swirls

https://tmsnrt.rs/2zpUAr4 China property shares rally on policy support Euro eyeing 5-mth high, dollar near 3-mth low on yen Oil prices rebound on China hopes, talk of output cuts SYDNEY, Nov 29 (Reuters) – Asian shares rallied on Tuesday as Beijing’s latest move to support developers boosted the property sector and rumors swirled that recent public …

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Wall St losses limited as Amazon gains on upbeat Cyber ​​Monday

Cyber ​​Monday spends to hit record $11.6 bln – report Biogen down after death in Alzheimer drug trial Indexes off: Dow 0.47%, S&P 0.60%, Nasdaq 0.35% Nov 28 (Reuters) – Wall Street’s main indexes fell on Monday amid worries about protests in major Chinese cities against strict COVID-19 policies, although gains in Amazon helped limit …

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