Russia seizes control of Sakhalin gas project, raises stakes with West

Russia seizes control of Sakhalin gas project, raises stakes with West

Putin signed decree to secure all rights on Thursday Five-page decree follows tightening Western sanctions Move raises risks for Western firms still in Russia Shell was already in talks to sell up Sakhalin stake TOKYO/LONDON, July 1 (Reuters) – President Vladimir Putin has raised the stakes in an economic war with the West and its … Read more

World stocks in red as consumers signal recession ahead

World stocks in red as consumers signal recession ahead

LONDON/TOKYO, June 29 (Reuters) – Global stock markets slipped for the second straight day on Wednesday and bond yields inched lower on growing fears that policymakers bent on dampening inflation will tip their economies into recession. A succession of weak data releases in Europe and the United States has not prevented central bankers from doubling … Read more

Tasty name but no Big Mac: Russia opens rebranded McDonald’s restaurants

Tasty name but no Big Mac: Russia opens rebranded McDonald's restaurants

June 12 (Reuters) – It might look and smell like McDonald’s but now it’s Vkusno & tochka. The golden arches are gone, the Filet-O-Fish is simply a fish burger. The Big Mac has left Russia. A new era for Russia’s fast-food and economic scene dawned on Sunday, as McDonald’s (MCD.N) restaurants flung open their doors … Read more

Exclusive: Elon Musk wants to cut 10% of Tesla jobs

Exclusive: Elon Musk wants to cut 10% of Tesla jobs

Tesla employed around 100,000 people at end of 2021 Musk warned staff on Tuesday to return to office or leave US executives sounding increasingly gloomy about economy SAN FRANCISCO, June 3 (Reuters) – Tesla (TSLA.O) CEO Elon Musk has a “super bad feeling” about the economy and needs to cut about 10% of staff at … Read more

Exclusive: Credit Suisse weighs options to strengthen capital

Exclusive: Credit Suisse weighs options to strengthen capital

The logo of Swiss bank Credit Suisse is seen at its headquarters at the Paradeplatz square in Zurich, Switzerland October 1, 2019. REUTERS/Arnd Wiegmann/File Photo Register now for FREE unlimited access to Reuters.com Register ZURICH, May 31 (Reuters) – Credit Suisse (CSGN.S) is in the early stages of weighing options to bolster its capital after … Read more

Oil steadies as recession worry offsets higher demand outlook

Oil steadies as recession worry offsets higher demand outlook

IMF Managing Director says cannot rule recession out US gasoline demand set to climb as driving season approaches White House weighs tapping emergency diesel reserve Shanghai aims to normalize life from June 1 HOUSTON, May 23 (Reuters) – Oil prices were little changed on Monday, as worries over a possible recession offset an outlook for … Read more

Musk links deal progress on proof of spam bot share on Twitter

Musk links deal progress on proof of spam bot share on Twitter

Seeks proof that spam bots account for less than 5% of users Twitter says committed to the deal at the agreed price Twitter stock trading at $36.31 compared to offer of $54.20 May 17 (Reuters) – Elon Musk said on Tuesday his $44-billion offer would not move forward until Twitter Inc (TWTR.N) shows proof that … Read more

TerraUSD backer says will compensate some users; bitcoin back below $30,000

TerraUSD backer says will compensate some users;  bitcoin back below $30,000

Representations of cryptocurrencies Bitcoin, Ethereum, DogeCoin, Ripple, Litecoin are placed on PC motherboard in this illustration taken, June 29, 2021. REUTERS/Dado Ruvic/Illustration/File Photo Register now for FREE unlimited access to Reuters.com Register ECB officials warn of risks from cryptocurrencies Luna Foundation Guard says spent bulk of assets last week trying to prop up TerraUSD LFG … Read more

Shares churn, close down; yields fall after US inflation data

Shares churn, close down;  yields fall after US inflation data

NEW YORK, May 11 (Reuters) – Wall Street stocks closed sharply lower and Treasury yields fell in Wednesday’s volatile session as oil prices rallied and worried investors about the potential for an economic slowdown. US equity indexes hadtraded higher and lower during the volatile session as investors picked through US inflation data for clues about … Read more

Wall Street closes with sharp gains after Fed’s interest rate hike

Wall Street closes with sharp gains after Fed's interest rate hike

Dow up 2.81%, S&P 500 up 2.99%, Nasdaq up 3.19% Lyft plummets on concerns about ridership and spending May 4 (Reuters) – US stocks ended sharply higher on Wednesday after the Federal Reserve delivered a widely expected interest-rate hike, and the S&P 500 recorded its biggest one-day percentage gain in nearly a year. Stocks initially … Read more