Asian shares bounce as China moves to boost housing

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 … Read more

More Ukraine fighters surrendering in Mariupol, Russia says

Ukrainian soldiers, many wounded, taken to Russian-held towns Mariupol a win for Putin as Russian forces fall back elsewhere US reopens Kyiv embassy KYIV / MARIUPOL, Ukraine, May 19 (Reuters) – Moscow said nearly 700 more Ukrainian fighters had surrendered in Russian-held Mariupol as it shored up a key gain in the south, while the … Read more

How Turkey spoiled NATO’s historic moment with Finland, Sweden

Turkey caught NATO allies by surprise Finland, Sweden hoped for quick accession Turkey’s Cavusoglu meets US counterpart Blinken ISTANBUL / WASHINGTON / BRUSSELS, May 18 (Reuters) – When Finland and Sweden signed they were thinking of making the historic decision joining NATO, the alliance expected a tough response from Moscow, not from one of its … Read more

Provoking EU, UK sets out new law to fix post-Brexit Northern Ireland trade

New law effectively overrides parts of EU deal Envisages green channels, tax and governance changes EU says will act if UK moves ahead with bill LONDON, May 17 (Reuters) – Britain set out steps on Tuesday to try to break the deadlock with the European Union on trade with Northern Ireland, lining up a new … Read more

Russia says nearly 700 more Mariupol fighters surrender

Ukrainian soldiers, many wounded, taken to Russian-held towns Mariupol a win for Putin as Russian forces fall back elsewhere Finland and Sweden formally apply to join NATO KYIV / MARIUPOL, Ukraine, May 18 (Reuters) – Nearly 700 more Ukrainian fighters surrendered at the Mariupol steelworks in the past 24 hours, Russia said on Wednesday, but … 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 as 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 … Read more

Iraq balks at greater Chinese control of its oilfields

Iraq persuaded Lukoil to halt sale to Sinopec – sources Baghdad concerned China becoming too dominant – sources Western firms are not happy with terms of Iraqi deals LONDON / BASRA, May 17 (Reuters) – Iraq’s oil ministry thwarted three prospective deals last year that would have handed Chinese firms more control over its oilfields … Read more

Allianz to pay $ 6 billion in US fraud case, fund manager charged

NEW YORK / MUNICH, May 17 (Reuters) – Germany’s Allianz SE (ALVG.DE) agreed to pay more than $ 6 billion and its US asset management unit will plead guilty to criminal securities fraud over the collapse of its Structured Alpha funds early in the COVID-19 pandemic. Allianz’s settlements with the US Department of Justice and … Read more

JetBlue goes hostile to buy Spirit Airlines after rejection

CHICAGO / WASHINGTON, May 16 (Reuters) – JetBlue Airways Corp (JBLU.O) is not taking no answer in its quest to buy rival Spirit Airlines (SAVE.N). On Monday, the New York-based carrier launched a hostile all-cash takeover bid for Spirit Airlines, two weeks after the ultra-low-cost carrier rejected an offer from the larger rival. JetBlue, which … Read more

Front lines shift in Donbas as Ukraine mounts counteroffensive

Russian forces make some advances in Donbas – Ukrainian military Ukraine says it is on the offensive near Izium Russian Donbas campaign has lost momentum – British military Preparations made for NATO bids by Nordic sates – Germany KYIV, Ukraine, May 15 (Reuters) – The front lines in the Ukraine war had shifted on Sunday … Read more