Stocks slide, treasury yields jump as inflation fears crescendo
Asian and European shares fell, U.S. and European bond yields hit multi-year highs, and oil prices climbed on Wednesday as investors braced for tighter monetary policy to combat troubling levels of inflation.
Oil hits 7-year highs as tight supply bites
Benchmark oil prices climbed to their highest level since 2014 on Tuesday as possible supply disruption after attacks in the Mideast Gulf added to an already tight supply outlook
Turkey’s Halkbank shares jump after U.S. prosecution put on hold
Turkey’s Halkbank shares climbed more than 8% on Monday after a U.S. appeals court put its prosecution by the federal government, for allegedly helping Iran evade American sanctions, on hold while the bank appeals to the U.S. Supreme Court.
Exclusive: U.S. lawmakers call for sanctions against Israel’s NSO, spyware firms
A group of U.S. lawmakers is asking the Treasury Department and State Department to sanction Israeli spyware firm NSO Group and three other foreign surveillance companies they say helped authoritarian governments commit human rights abuses.
UAE to shift to Saturday-Sunday weekend to align with global markets
The United Arab Emirates said on Tuesday it would shift to a four and half-day working week with a Saturday-Sunday weekend from next year to better align its economy with global markets.
