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Iran strike sparks dispute with Iraq as fears of regional upheaval grow

By Parisa Hafezi and Timour Azhari DUBAI/BAGHDAD (Reuters) -An Iranian missile strike on targets in northern Iraq set off an unusual dispute between the neighbouring allies on Tuesday, with Baghdad recalling its ambassador in protest and Tehran insisting the attack was intended to deter threats from Israeli spies. Iran’s Revolutionary Guards hit what they called …

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Wall Street ends down as Apple weighs

By Noel Randewich and Johann M Cherian (Reuters) – U.S. stocks ended lower on Tuesday after mixed earnings from Morgan Stanley and Goldman Sachs pressured banks, and as sell-offs in Boeing and Apple weighed on the S&P 500. Morgan Stanley tumbled 4.2% to a more than one-month low after it posted a lower quarterly profit, …

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US attacks Houthi anti-ship missiles, vessel hit in Red Sea

By Idrees Ali, Dmitry Zhdannikov and Phil Stewart WASHINGTON/DAVOS (Reuters) -The U.S. military carried out new strikes in Yemen on Tuesday against anti-ship ballistic missiles in a Houthi-controlled part of the country as a missile struck a Greek-owned vessel in the Red Sea. Attacks by the Iran-allied Houthi militia on ships in the region since …

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Trump back in court for second defamation trial after Iowa victory

By Jonathan Stempel and Luc Cohen NEW YORK (Reuters) – Fresh off a campaign victory in Iowa, Donald Trump sat in a New York courtroom on Tuesday to defend himself for a second time against charges that he defamed writer E. Jean Carroll after she accused him of raping her decades ago. Trump watched from …

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Oil steadies as stronger dollar counteracts Red Sea disruptions

By Shariq Khan NEW YORK (Reuters) -Oil prices were little changed on Tuesday, pressured as the dollar jumped to its highest in a month but supported by jitters about the impact to energy supplies from escalating tensions in the Middle East. Global benchmark Brent crude futures rose 14 cents, or 0.2%, to settle at $78.29 …

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Wall St ends lower, dollar, US yields rise on shifting rate outlook

By Stephen Culp NEW YORK (Reuters) – U.S. stocks retreated on Tuesday while the dollar gathered strength amid warnings that markets might have gotten ahead of themselves with respect to the timing and extent of central bank policy cuts. A broad sell-off pulled all three major U.S. stock indexes lower while the greenback advanced and …

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CEOs fear for their firms in pre-Davos survey as AI, climate risks rise

By Divya Chowdhury and Anisha Sircar DAVOS, Switzerland (Reuters) – Global executives are increasingly worried about the long term viability of their businesses, a PricewaterhouseCoopers pre-Davos survey showed, with pressures mounting from generative artificial intelligence (AI) and climate disruption. Some 45% of more than 4,700 global CEOs surveyed do not believe their businesses will survive, …

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Dollar rallies to one-month high as Fed cut outlook dims

By Chuck Mikolajczak NEW YORK (Reuters) – The dollar jumped in a volatile session on Tuesday as investors dialed back expectations for a March rate cut from the U.S. Federal Reserve, fueled in part by comments by Board Governor Christopher Waller. Markets are pricing in a 66.9% chance of a rate cut of at least …

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Rwanda says it kills Congolese soldier, arrests two more

KIGALI (Reuters) -Rwanda said on Tuesday it had killed a soldier from Democratic Republic of Congo and captured two others on its territory in the latest sign of friction on their border. The Rwanda Defence Forces (RDF) said in a statement the Congolese soldiers crossed at Rubavu town, with one shot dead when he fired …

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Gold dips over 1% as dollar, yields rise on hawkish remarks by Fed’s Waller

By Anushree Ashish Mukherjee (Reuters) – Gold prices fell over 1% on Tuesday, pressured by a firmer dollar and higher U.S. Treasury yields after Federal Reserve Governor Christopher Waller’s hawkish remarks on interest rate cuts this year, but safe-haven buying limited bullion’s downside. Spot gold was down 1.3% at $2,027.26 per ounce as of 2:36 …

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