Wall Street falls after strong services data fuels Fed fears

Activity in the US services sector picks up in November Tesla slides on reports of production cuts in China Indexes down: Dow 0.70%, S&P 0.98%, Nasdaq 1.12% Dec 5 (Reuters) – Wall Street’s major indices fell on Monday after better-than-expected activity in the services sector added to jitters that the US Federal Reserve could continue … Read more

“We are not your enemy,” say South Korean truck drivers striking for minimum wage protection

UIWANG, South Korea, Dec. 5 (Reuters) – In five white tents outside the Uiwang container depot near Seoul, about 200 striking truck drivers huddle around gas heaters in an attempt to combat the bitter cold and government narrative that they are well-paid “labor aristocracy”. .” They are all too aware of the impact their strike … Read more

The yuan is the new dollar as Russia rides to the redback

Russia turns to Chinese currency amid sanctions Moscow becomes No. 4 offshore yuan trading center Yuan’s share of Russian FX market jumps from 1% to 45% Russian central bank supports trend but warns of risks This content was produced in Russia, where the law restricts coverage of Russian military operations in Ukraine MOSCOW/SHANGHAI, Nov 29 … Read more

China real estate sector soars with fundraising support, but COVID protests cloud outlook

HONG KONG, Nov 29 (Reuters) – Shares and bonds of Chinese property developers surged on Tuesday after regulators lifted a ban on stock refinancing for listed companies, the latest bailout for a cash-stricken sector that has been a key pillar of the worldwide No. 2 economy. The move will make it easier for developers to … Read more

Exclusive: South Korea’s Yoon Warns of Unprecedented Response to North Korea Nuclear Test, Calls on China to Do More

SEOUL, Nov 29 (Reuters) – South Korean President Yoon Suk-yeol warned of an unprecedented concerted response with allies if North Korea goes ahead with a nuclear test, and urged China to restrain the north from continuing the banned development of nuclear weapons and missiles. . In an extensive interview with Reuters on Monday, Yoon called … Read more

Wall St losses capped as Amazon wins on happy Cyber ​​Monday

Cyber ​​Monday spends record $11.6 billion – report Biogen down after death in Alzheimer’s drug trial Indices Off: Dow 0.47%, S&P 0.60%, Nasdaq 0.35% Nov 28 (Reuters) – Wall Street’s major indices fell on Monday amid concerns over protests in major Chinese cities against strict COVID-19 policies, though gains at Amazon helped limit losses as … Read more

Indian Stocks Brave Global Weakness, On Oil Drop To Close At New High

BENGALURU, Nov 28 (Reuters) – Indian stocks rose for a fifth session in a row on Monday, with both benchmark indices hitting record highs, led by profits at oil marketing firms as crude oil prices fell after protests in major Chinese cities against the strict zero -COVID- policy. The NSE Nifty 50 index (.NSEI) rose … Read more

Protesters and police clash over Adani harbor in Kerala, India; more than 80 injured

Billionaire Adani mega seaport project hit by protests Police clash with protesters late on Sunday as tensions rise Dispute over harbor construction causing coastal erosion Adani says it has all the necessary approvals for port development KOCHI, India Nov. 28 (Reuters) – More than 80 people were injured in India as villagers protesting the halt … Read more

The global oil market is signaling near-term weakness ahead of the EU ban on Russian oil

NEW YORK, Nov 28 (Reuters) – The global oil market is signaling a potential shift as traders and analysts worry about reduced crude oil demand and oversupply in the market in the coming months. After months of strength, crude futures are flirting with lows not seen all year as China, the largest oil consumer, introduces … Read more

Morning offer: crisis in China coming

Nov 28 (Reuters) – A look at the day ahead at Asian markets from Jamie McGeever. Purchasing managers index (PMI) data will be the main economic driver for Asian markets this week, but the tone will be set by the increasingly tense political situation in China. Thousands of people take to the streets in several … Read more