Global government debt set to soar to record $71 trillion this year: Research

Global government debt set to soar to record $71 trillion this year: Research

People wearing protective face masks wait at a bus stop with a display of the current national debt amid the coronavirus disease (COVID-19) pandemic in Washington, January 31, 2022. Sarah Silbiger | Reuters LONDON — Global sovereign debt is expected to climb by 9.5% to a record $71.6 trillion in 2022, according to a new … Read more

Asian stocks slide, bond yields gain after hawkish Fed comments

Asian stocks slide, bond yields gain after hawkish Fed comments

Pedestrians wearing protective masks, amid the coronavirus disease (COVID-19) outbreak, are reflected on an electronic board displaying various company’s stock prices outside a brokerage in Tokyo, Japan, February 25, 2022. REUTERS/Kim Kyung-Hoon Register now for FREE unlimited access to Reuters.com Register >Asian stock markets: Asian equities fall on aggressive Fed tightening possibility Nikkei down almost … Read more

Smart & Final finalized for pandemic price gouging

Smart & Final finalized for pandemic price gouging

As panicked shoppers stocked up on grocery essentials during the early days of the COVID-19 pandemic, Smart & Final made them pay. The grocery chain engaged in price gouging on four premium egg products between March 4 and June 22, 2020, state Atty. Gen. Rob Bonta said Tuesday as his office announced a settlement with … Read more

Technology stocks in Asia slip; 10-year US Treasury yield surges

Technology stocks in Asia slip;  10-year US Treasury yield surges

SINGAPORE — Technology stocks in Asia-Pacific declined in Wednesday trade, mirroring losses seen among their peers on Wall Street following an overnight surge in the US 10-year Treasury yield. Chinese tech stocks in Hong Kong dropped in Wednesday trade, with Alibaba falling 4.05% and Meituan declining 2.81% while Tencent shed 1.85%. The Hang Seng Tech … Read more

Technology stocks in Asia slip; 10-year US Treasury yield surges

Technology stocks in Asia slip;  10-year US Treasury yield surges

SINGAPORE — Technology stocks in Asia-Pacific declined in Wednesday trade, mirroring losses seen among their peers on Wall Street following an overnight surge in the US 10-year Treasury yield. Chinese tech stocks in Hong Kong dropped in Wednesday trade, with Alibaba falling 4.05% and Meituan declining 2.81% while Tencent shed 1.85%. The Hang Seng Tech … Read more