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Farewell to the Golden Arches: renamed McDonald’s to reopen in Russia

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McDonald’s has been extremely popular in Russia since the early 1990s It is among Western companies leaving Russia over Ukraine The company operated nearly 850 restaurants across Russia McDonald’s restaurants will reopen under new ownership on Sunday June 10 (Reuters) – Sunday marks a new dawn for Russian fast food lovers as a former McDonald’s …

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Asian stocks are buoyed by US futures, oil climbs

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A man walks past a screen displaying a graph showing recent average movements in Nikkei stock outside a brokerage in Tokyo, Japan, December 30, 2020. REUTERS/Issei Kato/File Photo Join now for FREE unlimited access to Reuters.com Register Asian scholarships: Nikkei adds 0.3%, S&P 500 futures rise 0.4% Euro hits 7-year high against yen ahead of …

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Stocks squeeze slim gains, dollar climbs as inflation soars

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The European STOXX 600 up 0.3% Banks and auto stocks gain Wall Street poised to reflect advances The dollar climbs to its highest in two weeks against the yen LONDON/SINGAPORE, June 1 (Reuters) – European stocks posted small gains on Wednesday as the dollar strengthened as investors worried about soaring inflation and the hit to …

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Russia widens gas cuts in Europe as Gazprom cuts supply from Dutch trader

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A 3D printed gas pipeline is placed in front of the Gazprom logo displayed in this illustration taken February 8, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Join now for FREE unlimited access to Reuters.com Register Gazprom says it cut gas supply to GasTerra Russians cite refusal to pay in rubles The Dane also on the lookout for …

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How a cheap component could help kill combustion cars

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LONDON/BERLIN, May 30 (Reuters) – The humble wiring harness, a cheap component that bundles cables together, has become an unlikely bane of the automotive industry. Some predict that this could accelerate the fall of combustion cars. The auto part’s supply has been stifled by war in Ukraine, home to a large share of global production, …

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Global stock markets rally, Treasury yields fall on inflation data

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US consumer spending rises, rising inflation slows Wall Street rallies and ends a weekly losing streak Treasury yields fall Brent oil rises $2 NEW YORK, May 27 (Reuters) – Global markets enjoyed a broad-based rally on Friday as the yield on benchmark U.S. Treasuries fell after data showed U.S. consumer spending rose in April and …

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Stock market rebound falters, UK inflation hits 40-year high

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LONDON, May 18 (Reuters) – A rebound in equities petered out on Wednesday as concerns over the outlook for economic growth and rising inflation rattled sentiment, while a British inflation reading of 9 % highlighted just how much interest rates could rise. Asian stocks managed to post their fourth consecutive session of gains, but in …

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Stocks and oil slide as dire data from China fuels recession fears

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Traders are seen in front of a screen with trading numbers in red at the Stock Exchange of Thailand in Bangkok, Thailand March 13, 2020. REUTERS/Juarawee Kittisilpa/Files Join now for FREE unlimited access to Reuters.com Register Asian scholarships: Retail sales in China fall 11.1%, production falls 2.9% Nikkei Cuts Gains, S&P 500 Futures Fall Dollar …

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