China's Didi adds banks to work on mega U.S. IPO, sources say

(Corrects spelling of company name in paragraph 1)FILE PHOTO: A Didi logo is seen at the headquarters of Didi Chuxing in Beijing, China November 20, 2020. REUTERS/Florence Lo/File PhotoHONG KONG (Reuters) – China’s biggest ride-hailing company Didi Chuxing has appointed five more investment banks to work as book runners on its U.S initial public offering […]

Bonds stung, dollar cheered by sudden hawkish turn at Fed

SYDNEY (Reuters) – Asian markets looked set for a rough ride on Thursday after the U.S. Federal Reserve stunned investors by signalling it might raise interest rates at a much faster pace than assumed, sending yields and the dollar sharply higher.FILE PHOTO: A man works at the Tokyo Stock Exchange after market opens in Tokyo, […]

European shares hit record high, bond yields fall as inflation fears ease

LONDON/SHANGHAI (Reuters) – Shares gained on Friday and bond yields fell from the United States to Europe as investors shrugged off rising U.S. consumer prices, even as fears of longer-term inflation lingered.FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, June 10, 2021. REUTERS/StaffThe Euro STOXX […]

Dollar shuffles higher, shares bask near peaks

LONDON (Reuters) – Markets were in their comfort zone on Tuesday, with world stocks hovering just off record highs, the dollar lifted by upcoming inflation data and the main volatility gauges all looking reassuringly calm.FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville/File […]

Asia shares try to extend rally ahead of U.S. jobs test

SYDNEY (Reuters) – Asian shares were trying to extend their recent rally to a third week on Monday in the hope U.S. jobs figures show the expected revival in hiring in May and keep the global recovery on track.FILE PHOTO: A man wearing a facial mask, following the coronavirus disease (COVID-19) outbreak, stands in front […]

Stocks little changed, while dollar gains after factory data

NEW YORK (Reuters) -U.S. stocks were nearly flat on Friday and technology and consumer discretionary shares were the biggest decliners, while the dollar edged higher after stronger-than-expected U.S. manufacturing data.Slideshow ( 3 images )Data firm IHS Markit said its flash U.S. manufacturing PMI increased to 61.5 in the first half of this month. That was […]

Asia shares alarmed by U.S. inflation scare, count on calm Fed

SYDNEY (Reuters) – Asian shares slipped to seven-week lows on Thursday after a shocking rise in U.S. inflation bludgeoned Wall Street and sent bond yields surging on worries the Federal Reserve might have to move early on tightening.FILE PHOTO: A man works at the Tokyo Stock Exchange after market opens in Tokyo, Japan October 2, […]

Inflation anxiety jolts stocks, Asia tumbles to two-month lows

SYDNEY (Reuters) – An extended sell-off drove Asian shares to their lowest in seven weeks on Wednesday as surging commodity prices and growing inflationary pressure in the United States prompted markets to bet on earlier rate hikes and higher bond yields globally.FILE PHOTO: TV camera men wait for the opening of market in front of […]

Stocks gain, commodities rise on inflation worries

NEW YORK (Reuters) -The dollar fell and a gauge of global equity markets edged higher on Thursday as surging commodity prices spurred the prospect of rising inflation and led investors into economically-sensitive stocks on the reflation trade.A Wall St. sign is seen near the New York Stock Exchange (NYSE) in New York City, U.S., May […]