Wall Street plunges as recession fears grow
All 11 S&P sectors lower Growth stocks tumble Defensive names resist selling pressure Dow down 2.42%, S&P 500 down 3.25%, Nasdaq down 4.08% NEW YORK, June 16 (Reuters) – US…
EXCLUSIVE Disney / Pixar’s ‘Lightyear,’ with same-sex couple, will not play in 14 countries; China in question
LOS ANGELES, June 13 (Reuters) – Walt Disney Co (DIS.N) has been unable to obtain permission to show its new Pixar movie “Lightyear” in 14 Middle Eastern and Asian countries,…
In ‘miracle’ city Shenzhen, fears for China’s economic future
SHENZHEN, China, June 13 (Reuters) – (This June 12 story has been refiled to clarify location in penultimate paragraph) David Fong made his way from a poor village in central…
Malaysia firms turn down orders as migrant labor shortage hits
KUALA LUMPUR, June 13 (Reuters) – Malaysian companies from palm oil plantations to semiconductor makers are refusing orders and forgoing billions in sales, hampered by a shortage of more than…
US retailers cut prices but services keep inflation hot
WASHINGTON, June 9 (Reuters) – Major US retailers like Target Corp (TGT.N) and Walmart Inc (WMT.N) have been cutting prices to clear overstocked warehouses, but hotel revenue is pouring in…
EU agrees single mobile charging port in blow to Apple
] Apple has until 2024 to make changes The company has said the change will hurt innovation Apple could gain sales boost from selling newer phones BRUSSELS, June 7 (Reuters)…
Little cheer for Russian beer lovers as sanctions bite
June 6 (Reuters) – “Sorry, that was the last bottle of Czech beer we had,” said a waiter at a central Moscow restaurant, a month after Russia sent troops into…
Asia shares edge up with US futures, oil gains
A man walks past a screen displaying a graph showing recent Nikkei share average movements outside a brokerage in Tokyo, Japan, December 30, 2020. REUTERS / Issei Kato / File…
Exclusive: US will allow two companies to ship Venezuelan oil to Europe
HOUSTON / WASHINGTON, June 5 (Reuters) – Italian oil company Eni SpA and Spain’s Repsol SA could begin shipping Venezuelan oil to Europe as soon as next month to make…
US economy kicks off second quarter on strong note; rise in inflation slowing
Consumer spending increases 0.9% in April Inflation adjusted consumer spending rises 0.7% Core PCE price index gains 0.3%; up 4.9% year-on-year Goods trade deficit narrows 15.9% to $ 105.9 bln…