Goldilocks is back! Markets start 2023 in red-hot form

LONDON, Jan 31 (Reuters) – From stocks to government bonds, markets have had one of their best starts to the year in decades but whether the run lasts depends on a Goldilocks scenario of easing inflation, economic growth holding up and borrowing costs falling. After $14 trillion was wiped off world shares in 2022, $4 … Read more

Asia shares turn cagey as rate hikes, earnings loom

https://tmsnrt.rs/2zpUAr4 Fed seen hiking 25bp this week, ECB and BOE by 50bp Tech giants lead host of earnings results China shares up as holiday travel surges SYDNEY, Jan 30 (Reuters) – Asian shares turned cagey on Monday ahead of a week that is certain to see interest rates rise in Europe and the United States, … Read more

Meta to reinstate Donald Trump’s Facebook and Instagram accounts

Jan 25 (Reuters) – Meta Platforms Inc (META.O) said Wednesday it will reinstate former US President Donald Trump’s Facebook and Instagram accounts in the coming weeks, following a two-year suspension after the deadly Capitol Hill riot on January 6, 2021. The restoration of his accounts could provide a boost to Trump, who announced in November … Read more

New suppliers race to plug into the electric car market

WOKING, England, Jan 23 (Reuters) – The global auto industry has committed $1.2 trillion to developing electric vehicles (EVs), providing a golden opportunity for new suppliers to grab contracts providing everything from battery packs to motors and inverters. Startups specializing in batteries and coatings to protect EV parts, and suppliers traditionally focused on niche motorsports … Read more

US home sales slump to 12-year low; glimmers of hope emerging

Existing home sales drop 1.5% in December Sales fall 17.8% in 2022, sharpest annual decline since 2008 Median house price rises 2.3% from last year WASHINGTON, Jan 20 (Reuters) – US existing home sales plunged to a 12-year low in December, but declining mortgage rates raised cautious optimism that the embattled housing market could be … Read more

Here’s what Twitter lost in advertising revenue in the final months of 2022

NEW YORK/LONDON, Jan 20 (Reuters) – Top advertisers on Twitter slashed their spending after Elon Musk’s takeover, according to estimates compiled for Reuters by research firm Pathmatics, in the latest shock to the company’s dominant revenue source. Fourteen of the top 30 advertisers on Twitter stopped all advertising on the platform after Musk took charge … Read more

China’s video game makers come in from the cold as crackdown eases

HONG KONG, Jan 20 (Reuters) – China’s end to a sweeping crackdown on its video games market is expected to breathe life back into the battered industry this year, but remaining restrictions on some content and economic headwinds will limit the extent of the recovery. Beijing’s tough curbs in 2021 laid waste to the once-booming … Read more

Shares rise, yen climbs as BOJ battles bond bears

BOJ under intense pressure as it defends yield policy Yen hits 7-month high, yuan climbs as dollar eases More earnings ahead, many central bank speakers Britain’s FTSE flirts with record highs SYDNEY/LONDON, Jan 16 (Reuters) – Shares firmed on Monday as optimism over corporate earnings and China’s reopening offset concerns the Bank of Japan (BOJ) … Read more

China COVID peak to last 2-3 months, hit rural areas next – expert

Peak of COVID wave seen lasting 2-3 months – epidemiologist Elderly in rural areas particularly at risk People mobility indicators tick up, but yet to fully recover BEIJING, Jan 13 (Reuters) – The peak of China’s COVID-19 wave is expected to last two to three months, and will soon swell over the vast countryside where … Read more

Chinese fret over elderly as WHO warns of holiday COVID surge

Two billion trips expected over Lunar New Year Virus spreading from cities to vulnerable villages WHO says China response challenged by lack of data China’s grand reopening marred by Japan, Korea spat BEIJING, Jan 12 (Reuters) – People in China worried on Thursday about spreading COVID-19 to aged relatives as they planned returns to their … Read more