Wall St slides as rising Treasury yields snuff out stock rally

U.S. private payrolls increase in September – ADP Twitter eases from one-year high, Tesla falls 5% ISM non-manufacturing sector PMI 56.7 in Sept vs. 56.9 in August Indexes down: Dow 1.34%, S&P 1.74%, Nasdaq 2.31% Oct 5 (Reuters) – U.S. stocks fell on Wednesday as a two-day rally in growth stocks was cut short by … Read more

Russian oil price cap will give buyers leverage – U.S. official

U.S. held “positive dialogue” with China, India -Ben Harris Cap will maintain incentive to produce LONDON, Oct 5 (Reuters) – A price cap that Group of Seven (G7) countries want to impose on Russian oil will provide buyers with leverage to get better prices, a U.S. Treasury official said on Wednesday. The United States has … Read more

China has ‘destroyed’ tacit agreement on Taiwan Strait – minister

TAIPEI, Oct 5 (Reuters) – China has destroyed a tacit agreement on military movements in the Taiwan Strait by crossing an unofficial “median line” running down the waterway, Defence Minister Chiu Kuo-cheng said on Wednesday. While acknowledging the end of the tacit understanding on the median line, Chiu told Taiwan’s parliament Taiwan would react if … Read more

Russian journalist who fled house arrest says she is innocent

Journalist confirms she has skipped house arrest Ovsyannikova defies Putin again in new video Oct 5 (Reuters) – Russian TV journalist Marina Ovsyannikova, accused of spreading fake news after staging a series of lone protests against the war in Ukraine, said on Wednesday she had fled house arrest because she had no case to answer. … Read more

Kremlin says annexation and retreat are not a contradiction amid Ukrainian successes

Putin signs annexation documents Russian forces battle counter-offensive Putin appoints officials to run regions Kremlin: the territories will be returned LONDON, Oct 5 (Reuters) – As President Vladimir Putin completed paperwork for the annexation of four regions of Ukraine on Wednesday, the Kremlin said there was no contradiction between Russian retreats and Putin’s vow that … Read more

Bangladesh blackout: Most of country left without power after national grid failure

Dhaka, Bangladesh Reuters  —  Large swathes of Bangladesh were left without electricity on Tuesday after a partial grid failure, a government official said, adding that authorities were working to gradually restore power supply in the country of 168 million people. The country’s power grid malfunctioned around 2 p.m. (4 a.m. ET) on Tuesday, leading to … Read more

U.S. to give Ukraine more rocket launchers, Biden tells Zelenskiy

WASHINGTON, Oct 4 (Reuters) – U.S. President Joe Biden promised a new $625-million security assistance package to Ukraine on Tuesday, prompting a warning from Moscow that such a move risked a direct military clash between Russia and the West. The U.S. package would include High Mobility Artillery Rocket System (HIMARS) launchers used in Ukraine’s successful … Read more

OPEC+ heads for deep supply cuts, clash with U.S.

VIENNA/LONDON, Oct 5 (Reuters) – OPEC+ looks set for deep cuts to its oil output targets when it meets on Wednesday, curbing supply in an already tight market despite pressure from the United States and others to pump more. The potential OPEC+ cut could spur a recovery in oil prices that have dropped to about … Read more

Banks financing Musk’s Twitter deal face hefty losses

Oct 5 (Reuters) – Elon Musk’s U-turn on buying Twitter Inc (TWTR.N) could not have come at a worse time for the banks funding a large portion of the $44 billion deal and they could be facing significant losses. As in any large acquisition, banks would look to sell the debt to get it off … Read more

Asian stocks strengthen but futures show bounce could be short lived

HONG KONG, Oct 5 (Reuters) – Asian stocks rose on Wednesday as investors grew hopeful future global interest rate rises might become less aggressive amid early signs previous policy tightening was working to temper price pressures in some major world economies. MSCI’s broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) was up 2.3%, after U.S. … Read more