Beijing shuts down parks and museums as coronavirus cases rise in China

BEIJING (Reuters) – Beijing closed parks, malls and museums on Tuesday as more Chinese cities resumed mass testing for COVID-19 as authorities grappled with a rise in cases that deepened anxiety about the economy and dampened hopes of a speedy reopening. . China reported 28,127 new locally transmitted infections on Monday, close to its daily … Read more

Retail sales in the United States are rising strongly. Raised GDP estimates for the fourth quarter

Retail sales rose 1.3% in October Core retail sales rose 0.7%; September Sales Review Import prices fell for the fourth month in a row industrial production rose 0.1%; Previous months revised down WASHINGTON (Reuters) – U.S. retail sales increased more than expected in October as households stepped up purchases of cars and a range of … Read more

Trump’s 2024 presidential bid was a new wrinkle for the markets

NEW YORK (Reuters) – Former President Donald Trump’s entry into the 2024 presidential race on Tuesday confirmed the world’s “worst-kept secrets” and created another variable for markets that some investors say remains a low priority for now. Trump, who has launched relentless attacks on voting integrity in the United States since his defeat in the … Read more

China’s new rules on COVID are causing concern as some cities have suspended routine testing

Regular COVID testing is no longer required in many cities China eased various virus restrictions last Friday Communities worried about the spread of the virus under relaxed rules Major cities including Beijing reported record cases on November 13 BEIJING, November 14 (Reuters) – Several Chinese cities began halting routine COVID-19 testing on Monday, days after … Read more

Stocks and Bonds Delayed As Fed Urges Caution

Federal Reserve Chairman Waller underestimates the CPI as just a single number Beijing offers property support, COVID steps Biden meets Chinese President at G20 meeting Limited repercussions for other assets on the collapse of FTX LONDON (Reuters) – Stocks stabilized and bond yields remained close to multi-year highs on Monday after a top US central … Read more

Stocks fall, dollar stabilizes ahead of US inflation data

SYDNEY/LONDON (Reuters) – Stock markets fell on Thursday and the dollar held overnight gains ahead of US inflation data that will weigh on the Federal Reserve’s rate plans, while the potential collapse of a major cryptocurrency exchange worried investors. European STOXX 600 Index (.stoxx) The broadest index in Asia fell 0.4% outside Japan (MIAPJ0000PUS.) It … Read more

Exclusive: China cancels EU leader’s video speech at opening of major trade fair

BEIJING/BRUSSELS (Reuters) – The Chinese authorities behind a major trade fair in Shanghai have withdrawn an opening speech by the president of the European Council that was due to criticize Russia’s “illegal war” in Ukraine and call for a reduction in the European Union’s trade dependency with China. Diplomats said. Three European diplomats told Reuters … Read more

China trade unexpectedly shrinks as coronavirus curbs and global demand slows

October China’s exports and imports unexpectedly shrink Weak data is another blow to the faltering economy Global recession risks, curbing COVID in China darkens expectations Analysts expect further weakness in exports and imports BEIJING (Reuters) – China’s exports and imports unexpectedly contracted in October, the first simultaneous decline since May 2020, as a perfect storm … Read more

From Russia with Money: Georgia thrives as Russians flee Putin’s war

At least 112,000 Russians are moving to neighboring Georgia Georgia is set to become one of the fastest growing economies Some locals are priced out of housing and education The economy could face a hard landing if the newcomers leave TBILISI (Reuters) – As war chokes Europe, a small country trapped under Russia is enjoying … Read more

Russia says it is resuming its participation in Ukraine’s grain deal

Turkey says the grain deal will resume at noon on Wednesday Russia says it has received guarantees from Ukraine ANKARA/Mykolaiv, Ukraine (Reuters) – Russia said on Wednesday it would resume its participation in a deal to free up vital grain exports from war-torn Ukraine after it was suspended at the weekend, in a move that … Read more