Subscribe now London/Singapore — Stocks fell on Wednesday as an ongoing rout in global bond markets saw US bond yields reach 16-year highs, challenging equity valuations and souring appetite for risk assets as investors bet interest rates will remain persistently high.European stocks tumbled as much as 0.6% before clawing back some ground, with indices in France and Germany both posting losses. The moves came after Asian shares sank to 11-month lows.The pain was set to spread to Wall Street, where S&P 500 futures traded down 0.5%.The spike in treasury yields lifted the dollar to new...…Subscribe now London/Singapore — Stocks fell on Wednesday as an ongoing rout in global bond markets saw US bond yields reach 16-year highs, challenging equity valuations and souring appetite for risk assets as investors bet interest rates will remain persistently high.European stocks tumbled as much as 0.6% before clawing back some ground, with indices in France and Germany both posting losses. The moves came after Asian shares sank to 11-month lows.The pain was set to spread to Wall Street, where S&P 500 futures traded down 0.5%.The spike in treasury yields lifted the dollar to new...WW…

By , , NEW YORK/WASHINGTON/HONG KONG/ (Reuters) - The New York Stock Exchange is reconsidering its plan to allow three Chinese telecom giants to remain listed, the latest twist to a saga amid confusion over rules set by the Trump administration and tension within Washington on China policy.If it does so, it would mark a second sudden U-turn. The bourse said late Monday it reversed a decision announced just last week to delist China Mobile Ltd, China Telecom Corp Ltd and China Unicom Hong Kong Ltd after consulting with regulatory authorities in connection with the U.S. Treasury’s Office of...…By , , NEW YORK/WASHINGTON/HONG KONG/ (Reuters) - The New York Stock Exchange is reconsidering its plan to allow three Chinese telecom giants to remain listed, the latest twist to a saga amid confusion over rules set by the Trump administration and tension within Washington on China policy.If it does so, it would mark a second sudden U-turn. The bourse said late Monday it reversed a decision announced just last week to delist China Mobile Ltd, China Telecom Corp Ltd and China Unicom Hong Kong Ltd after consulting with regulatory authorities in connection with the U.S. Treasury’s Office of...WW…

By , , NEW YORK/WASHINGTON/HONG KONG/ (Reuters) - The New York Stock Exchange is reconsidering its plan to allow three Chinese telecom giants to remain listed, the latest twist to a saga amid confusion over rules set by the Trump administration and tension within Washington on China policy.If it does so, it would mark a second sudden U-turn. The bourse said late Monday it reversed a decision announced just last week to delist China Mobile Ltd, China Telecom Corp Ltd and China Unicom Hong Kong Ltd after consulting with regulatory authorities in connection with the U.S. Treasury’s Office of...…By , , NEW YORK/WASHINGTON/HONG KONG/ (Reuters) - The New York Stock Exchange is reconsidering its plan to allow three Chinese telecom giants to remain listed, the latest twist to a saga amid confusion over rules set by the Trump administration and tension within Washington on China policy.If it does so, it would mark a second sudden U-turn. The bourse said late Monday it reversed a decision announced just last week to delist China Mobile Ltd, China Telecom Corp Ltd and China Unicom Hong Kong Ltd after consulting with regulatory authorities in connection with the U.S. Treasury’s Office of...WW…

By NEW YORK (Reuters) - A gauge of global shares climbed to a record for a third straight day and the dollar continued to slump on Wednesday as further upbeat COVID-19 vaccine news helped alleviate concerns about rising infection rates and related economic damage.Still, with many major equity indexes at or near record levels, analysts caution additional stimulus measures are needed to buttress the economy until a vaccine can be widely distributed, and gains evaporated late in the session.“It’s a confused market because portfolio managers don’t know which time period to focus on,” said Tim...…By NEW YORK (Reuters) - A gauge of global shares climbed to a record for a third straight day and the dollar continued to slump on Wednesday as further upbeat COVID-19 vaccine news helped alleviate concerns about rising infection rates and related economic damage.Still, with many major equity indexes at or near record levels, analysts caution additional stimulus measures are needed to buttress the economy until a vaccine can be widely distributed, and gains evaporated late in the session.“It’s a confused market because portfolio managers don’t know which time period to focus on,” said Tim...WW…

By NEW YORK (Reuters) - Tech pushed the Nasdaq to close sharply higher and oil prices extended their rally on Wednesday, as hopes of potential COVID-19 were tempered by spiking coronavirus infections and the looming threat of a new round of lockdowns.While the S&P 500 also advanced, the blue-chip Dow ended the session slightly in the red.A return to technology-focused market leaders, which thrived during COVID shutdowns but sold off earlier in the week as investors pivoted to economically-sensitive cyclical stocks, put the Nasdaq out front.“This week we saw a bit of rotation from growth...…By NEW YORK (Reuters) - Tech pushed the Nasdaq to close sharply higher and oil prices extended their rally on Wednesday, as hopes of potential COVID-19 were tempered by spiking coronavirus infections and the looming threat of a new round of lockdowns.While the S&P 500 also advanced, the blue-chip Dow ended the session slightly in the red.A return to technology-focused market leaders, which thrived during COVID shutdowns but sold off earlier in the week as investors pivoted to economically-sensitive cyclical stocks, put the Nasdaq out front.“This week we saw a bit of rotation from growth...WW…

By , * Zijin says refusal to renew mining lease could hurt ties* PNG refused to extend mining lease for 20 years on Friday* Zijin, Canada’s Barrick jointly own PNG’s Porgera gold mine* Porgera mining operations suspended over the weekendSINGAPORE/BEIJING, April 29 (Reuters) - China’s Zijin Mining has warned Papua New Guinea that its failure to renew the lease of a gold mine it jointly owns with Barrick Gold Corp there could damage bilateral relations.Papua New Guinea on Friday said it would not renew a 20-year mining lease at its Porgera gold mine, citing environmental damage and social...…By , * Zijin says refusal to renew mining lease could hurt ties* PNG refused to extend mining lease for 20 years on Friday* Zijin, Canada’s Barrick jointly own PNG’s Porgera gold mine* Porgera mining operations suspended over the weekendSINGAPORE/BEIJING, April 29 (Reuters) - China’s Zijin Mining has warned Papua New Guinea that its failure to renew the lease of a gold mine it jointly owns with Barrick Gold Corp there could damage bilateral relations.Papua New Guinea on Friday said it would not renew a 20-year mining lease at its Porgera gold mine, citing environmental damage and social...WW…

By NEW YORK (Reuters) - World stock markets hit their highest levels since March and oil prices jumped on Tuesday as signs of a global economic recovery from the coronavirus pandemic offset concerns over the worst civil unrest in the United States in decades.Slideshow Despite those gains, investors were hesitant to move away from the perceived safety of U.S. government bonds, which edged lower but remained near record highs.“In a way, it is remarkable that the market remains in this positive mood,” said Elwin de Groot, head of macro strategy at Rabobank. “Even with these rising protests in...…By NEW YORK (Reuters) - World stock markets hit their highest levels since March and oil prices jumped on Tuesday as signs of a global economic recovery from the coronavirus pandemic offset concerns over the worst civil unrest in the United States in decades.Slideshow Despite those gains, investors were hesitant to move away from the perceived safety of U.S. government bonds, which edged lower but remained near record highs.“In a way, it is remarkable that the market remains in this positive mood,” said Elwin de Groot, head of macro strategy at Rabobank. “Even with these rising protests in...WW…