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Morning Bid: Soaring yields sour sentiment May 29, 2024 12:33AM

A look at the day ahead in European and global markets from Kevin Buckland

Soaring bond yields continued to unnerve equity investors on Wednesday, with benchmark U.S. Treasuries pushing further above 4.5% in Tokyo hours and their Japanese counterparts hitting levels not seen since 2011.

Concerns that stubborn inflation will keep interest rates high for longer or even spur additional near-term hikes is at the heart of that movement, with a... (continue reading...)


Hong Kong democrats brace for landmark verdict after lengthy legal battle May 29, 2024 12:33AM

By Jessie Pang and James Pomfret

HONG KONG (Reuters) - Hong Kong's High Court is set hand down a verdict this week against 16 democrats in a landmark subversion trial that critics say could have major repercussions for the city's opposition democratic movement and the global financial hub's reputation.

The verdict comes more than three years after police arrested 47 democrats in mass dawn raids at homes across Hong Kong, later charging... (continue reading...)


World's largest humanitarian network calls for Gaza ceasefire May 29, 2024 12:27AM

By Karen Lema

MANILA (Reuters) - The International Federation of Red Cross and Red Crescent Societies (IFRC) called on Wednesday for a ceasefire and unimpeded humanitarian access to the Gaza Strip, where millions of people face worsening hunger.

The war-torn enclave is suffering from a humanitarian catastrophe nearly seven months after Israel launched a devastating offensive in response to the Oct. 7 Hamas-led attacks that killed 1,200... (continue reading...)


'A mountain fell on them' says rescue worker at PNG landslide site May 29, 2024 12:23AM

By Praveen Menon

SYDNEY (Reuters) - Families in Yambali village in Papua New Guinea were sleeping peacefully in their beds when a "mountain" of rubble buried them alive in a gigantic landslide, said a U.N. rescue worker at the disaster site and the country's prime minister.

For five days now those that survived have been using shovels and bare hands to dig through mud and debris almost two storeys high, and covering three to four football... (continue reading...)


Analysis-Rare spat shows China, North Korea still at odds on nuclear weapons May 29, 2024 12:15AM

By Josh Smith

SEOUL (Reuters) - North Korea's rare swipe at China this week underscored how Beijing and Pyongyang do not entirely see eye-to-eye on the latter's illicit nuclear weapons arsenal, despite warming ties in other areas, analysts and officials in South Korea said.

The North condemned China, Japan and South Korea on Monday for discussing denuclearisation of the peninsula, calling their joint declaration after a summit in Seoul a... (continue reading...)


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