Stocks tumble, bonds rally as U.S. recession risk flashes ‘amber’

Stocks tumble, bonds rally as U.S. recession risk flashes ‘amber’
SYDNEY (Reuters) – Investors dumped shares on Monday and fled to the safety of bonds while the Japanese yen hovered near a six-week high as risk assets fell out of favour on growing worries about an impending U.S. recession, sending global yields plunging. Women, dressed in ceremonial kimonos, look at an electronic board showing the Nikkei average after the New... Read More

Oil prices slide on concerns of sharp economic slowdown

Oil prices slide on concerns of sharp economic slowdown
FILE PHOTO: FILE PHOTO: An oil pump jack pumps oil in a field near Calgary, Alberta, Canada on July 21, 2014. REUTERS/Todd Korol/File Photo/File Photo SINGAPORE (Reuters) – Oil prices kicked off the week’s trading with losses as concerns of a sharp economic slowdown outweighed supply disruptions from OPEC’s production cutbacks and U.S. sanctions on Iran and Venezuela. Brent crude... Read More

Yen strengthens, shares skid on U.S. recession fears

Yen strengthens, shares skid on U.S. recession fears
SYDNEY (Reuters) – The Japanese yen hovered near a six-week high on Monday while Asian shares are expected to start lower as risk assets fell out of favor on growing worries about an impending U.S. recession, sending global bond yields plunging. A Japan Yen note is seen in this illustration photo taken June 1, 2017. REUTERS/Thomas White/Illustration In Asia, Nikkei... Read More

U.S. Treasuries signal trouble, stocks fall on global growth worries

U.S. Treasuries signal trouble, stocks fall on global growth worries
NEW YORK (Reuters) – Stocks around the world fell and U.S. Treasuries yields sent warning signals for a possible recession on Friday after weaker-than-expected U.S. and European data intensified fears of a global economic slowdown. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, March 21, 2019. REUTERS/Staff After weak U.S.... Read More

U.S. Treasuries signal trouble, stocks fall after weak data

U.S. Treasuries signal trouble, stocks fall after weak data
NEW YORK (Reuters) – Stocks around the world fell and U.S. Treasuries yields sent out warning signs of a possible recession on Friday after weaker-than-expected U.S. and European data intensified fears of a global economic slowdown. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, March 21, 2019. REUTERS/Staff After weak... Read More

Take Five: Take it easy, central banks – World markets themes for the week ahead

Take Five: Take it easy, central banks – World markets themes for the week ahead
(Reuters) – Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them. FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 19, 2019. REUTERS/Leah Millis 1/ TAKE IT EASY With the U.S. Federal Reserve well and truly doubling down on... Read More

Watches of Switzerland has further U.S. acquisitions in its sights

Watches of Switzerland has further U.S. acquisitions in its sights
BASEL, Switzerland (Reuters) – Watches of Switzerland expects to make further acquisitions in the United States, which it first entered in 2017 with the purchase of jeweler Mayors, its chief executive told Reuters. FILE PHOTO: Rolex Datejust watches are displayed at the Baselworld Watch and Jewellery Show in Basel, Switzerland March 22, 2017. Picture taken March 22, 2017. REUTERS/Arnd Wiegmann... Read More

Former NBA star Shaquille O’Neal joins Papa John’s board

Former NBA star Shaquille O’Neal joins Papa John’s board
(Reuters) – Pizza chain Papa John’s, trying to recover from a string of high-profile public relations blunders, on Friday named former basketball star Shaquille O’Neal as its newest board member, brand ambassador and investor. FILE PHOTO: Shaquille O’Neal laughs while telling a story during his announcement of his retirement from the National Basketball Association (NBA) at a news conference at... Read More

More shale, who cares? Saudi Arabia pushes for at least $70 oil

More shale, who cares? Saudi Arabia pushes for at least $70 oil
DUBAI/LONDON (Reuters) – Budget needs are forcing Saudi Arabia to push for oil prices of at least $70 per barrel this year, industry sources say, even though U.S. shale oil producers could benefit and Riyadh’s share of global crude markets might be further eroded. FILE PHOTO: U.S. President Donald Trump welcomes Saudi Arabia’s Crown Prince Mohammed bin Salman in the... Read More