Relief and anxiety as major Chinese cities ease COVID restrictions

The easing comes after a week of historic protests The restrictions hit the world’s second largest economy Nationwide mitigation measures expected soon – sources BEIJING (Reuters) – A further relaxation of COVID-19 testing requirements and quarantine rules in some Chinese cities was met with a mixture of relief and anxiety on Friday, as hundreds of … Read more

China is preparing to ease coronavirus restrictions after a week of historic protests

Sources: China allows home quarantine, cuts mass testing A senior official says the severity of the virus is weakening The shift comes after a series of demonstrations The biggest public challenge show in a decade BEIJING (Reuters) – China is set to announce in the coming days an easing of its COVID-19 quarantine protocols and … Read more

Coronavirus protests escalated in Guangzhou as China’s lockdown anger boiled over

Riot police in hazmat suits crash into protesters The number of protests is estimated at 27-43 in 22 cities across China The largest wave of civil disobedience since 1989’s Tiananmen Covid lockdown and protests hit China’s economy SHANGHAI/BEIJING (Reuters) – People in Guangzhou, China’s manufacturing hub, clashed with white riot police wearing hazmat protective gear … 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

Lola’s honeymoon ends with markets amid concerns over spending plan

BRASILIA (Reuters) – Brazilian President-elect Luiz Inacio Lula da Silva’s honeymoon with markets appeared to be over on Thursday, as investors grew impatient with his desire to boost social spending without setting long-term fiscal rules or naming top economic policymakers. Brazil’s currency and the Bovespa stock exchange benchmark (.BVSP) Both jumped last week after Lula … Read more

Booming Wall Street boosts global and European stocks; oil slices

WASHINGTON/LONDON (Reuters) – Global and European stocks rose on Friday as Wall Street extended gains on hopes that some central banks will slow down in raising interest rates. Commodity prices took a hit from the strength of the US dollar. Oil prices fell after China, the largest importer of crude, expanded its restrictions on the … Read more

Nasdaq halts IPOs of small Chinese companies while investigating stock rally

NEW YORK, October 22 (Reuters) – Nasdaq, Inc (NDAQ.O) The brakes have been placed on preparations for the initial public offering (IPO) of at least four small Chinese companies while it investigates the short-term stock rallies of these companies after their debut, according to lawyers and bankers working to launch such shares. The exchange operator’s … Read more

Asia stumbles with coronavirus outbreak in China, volatility in sterling shakes sentiment

SINGAPORE (Reuters) – Asian shares slumped to two-year lows on Wednesday, dragged down by signs that China had no immediate plans to ease tough restrictions on the spread of the coronavirus, while a relentless rise in the dollar and volatility in the British bond market and the pound rattled global investor sentiment. . After a … Read more

Chinese tech stocks fall as US export restrictions increase chip sector hurdles

By Josh Horowitz and Jason Zew SHANGHAI (Reuters) – Shares in Chinese technology giant Alibaba (9988.HK) and Tencent (0700.HK) So did chip makers on Monday, as investors spooked new US export control measures aimed at slowing Beijing’s technological and military advances. The Biden administration published a comprehensive set of export controls on Friday, including a … Read more

Wall Street closed lower as the Fed pound exchange rate rose

Oil prices add to inflation problems after OPEC+ production cut Weekly jobless claims in the US increased more than expected Indices down: Dow Jones down 1.15%, Standard & Poor’s 1.02%, Nasdaq 0.68% Oct 6 (Reuters) – Wall Street’s main indexes closed lower on Thursday as concerns mounted ahead of closely watched monthly nonfarm payroll numbers … Read more