EASIA

Stocks suffer renewed slide on growth fears, dollar extends rally

Stocks suffer renewed slide on growth fears, dollar extends rally

LONDON, May 9 (Reuters) – Stocks fell heavily again on Monday and the dollar rocketed to a new two-decade high as worries about higher interest rates and a tightened lockdown in Shanghai deepened investors’ fears that the global economy is rapidly heading for a slowdown. After a bruising session on Friday in which US stocks …

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'Go home!'  COVID-hit Shanghai, Beijing tell residents to avoid social contacts

‘Go home!’ COVID-hit Shanghai, Beijing tell residents to avoid social contacts

Shanghai tightens restrictions on residents Beijing shuts down more compounds, roads, parks Both cities battling worst outbreaks since epidemic began SHANGHAI/BEIJING, May 9 (Reuters) – China’s two biggest cities tightened COVID-19 curbs on their residents on Monday, raising new frustration and even questions about the legality of its uncompromising battle with the virus. As authorities …

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