By Canan Sevgili and Libby George LONDON (Reuters) – Turkey’s lira hit fresh record lows against the dollar on Monday, though stocks rallied, after President Tayyip Erdogan secured victory in Sunday’s presidential election, extending his increasingly authoritarian rule into a third decade. Advertisement The lira weakened to 20.077 to the […]
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In the Market: Amid the calm, the Fed brews the next storm
By Paritosh Bansal (Reuters) – Having navigated the financial crisis of 2008, Neel Kashkari worries about systemic risks. But now, as a U.S. monetary policymaker, he worries even more about inflation. Advertisement “I think if I had to err, I would err on being a little bit too aggressive in […]
European shares lack momentum after debt ceiling deal
By Elizabeth Howcroft LONDON (Reuters) – European stock indexes slipped slightly on Monday, lacking momentum in thin trade while optimism about the U.S. having reached a debt ceiling deal over the weekend kept Wall Street futures positive. Advertisement U.S. President Joe Biden and top congressional Republican Kevin McCarthy reached a […]
Oil steady after U.S. debt deal but rate hike worries linger
By Noah Browning (Reuters) – Oil prices were steady on Monday after U.S. leaders reached a tentative debt ceiling deal, possibly averting a default in the world’s largest economy and oil consumer, but concerns about further interest rate hikes capped gains. Advertisement Brent crude futures climbed 14 cents, or 0.2%, […]
Reliance’s JioCinema signs content streaming deal with NBC Universal
BENGALURU (Reuters) – JioCinema, the streaming platform run by India’s Reliance Industries Ltd, has signed a partnership with NBC Universal Media in a push to increase Hollywood content on the platform for Indian viewers, the companies said on Monday. The multi-year deal will give JioCinema’s premium subscribers access to popular […]
Liz Cheney condemns Trump and tells graduates not to compromise with truth in speech
(Photo by OLIVIER DOULIERY/AFP via Getty Images) OAN’s Brooke Mallory6:41 PM – Sunday, May 28, 2023 Liz Cheney, a former U.S. representative and the daughter of Dick Cheney, urged recent college graduates to stand up for the truth and berated her House Republican colleagues for failing to do enough to refute […]
Jan. 6 protesters raked in thousands of donation dollars, DOJ is now coming for their funds
(Photo by Win McNamee/Getty Images) OAN’s Brooke Mallory4:35 PM – Sunday, May 28, 2023 Texas resident Daniel Goodwyn had appeared on Tucker Carlson’s program less than two months after he pleaded guilty to entering the U.S. Capitol. On the show, he promoted a website showing supporters where they could send money […]
Ice Hockey-Canada defeat Germany to win World Championship gold
TAMPERE, Finland (Reuters) – Canada beat Germany 5-2 to win gold at the Ice Hockey World Championship in Tampere on Sunday, securing a 28th title in the competition. The teams were tied at 2-2 after the first two periods at the Nokia Arena, but Germany could not sustain the pace […]
Marketmind: Relief rally eyed on US debt ceiling deal
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Advertisement Optimism and relief are likely to be the dominant emotions for investors on Monday, giving markets in Asia a lift as lawmakers in Washington reached a tentative agreement on the U.S. debt […]
Analysis: Debt deal could boost unloved corners of US stock market
By Laura Matthews and Chibuike Oguh (Reuters) – Global investors are gaming out how a tentative deal to raise the United States debt ceiling could ripple through markets, as lawmakers face a difficult path to pass the agreement through Congress before the June 5 deadline. Advertisement A deal to lift […]