Oil Prices Fall As Libya Resumes Output, Global Demand Outlook Darkens
Oil prices fell on Friday on a weakening global demand outlook and the resumption of some Libyan crude oil output.
Oil Prices Rise As Tight Supply, Geopolitical Tensions Linger
Oil prices climbed in Asia trading on Friday, rebounding from previous declines amid supply tightness and geopolitical tensions, even though weakened demand in the United States has cast a shadow on the market this week.
Oil Prices Steady After Sharp Declines On Weak U.S. Demand
Oil prices were roughly unchanged in early trading on Friday after sliding around 3% in the previous session on weakened demand in the United States, the world's top oil consumer, and a pick-up in supply from Libya.
U.S. Crude Ends Below $95/bbl As EU Tweaks Russian Oil Sanctions
U.S. crude prices settled below $95 a barrel for the first time since April in choppy trading on Friday after the European Union said it would allow Russian state-owned companies to ship oil to third countries under an adjustment of sanctions agreed by member states this week.
More news
Private Equity Firms Pounce To Take Companies Private
More private equity firms are taking companies private, as lower corporate valuations make it easier to lure businesses away from the stock market at bargain prices.
Strong Results Lift Europe's STOXX 600; ECB Hikes Rates 50 Bps
Europe's STOXX 600 share index rose on Thursday, boosted by a run of upbeat corporate results although gains were limited as investors digested an oversized ECB interest-rate hike amid growing worries about a recession.
Euro Zone Stocks Choppy As ECB Starts Rate Hike With A Big Stride
Euro zone stocks slipped in volatile trading on Thursday as investors assessed the impact of an aggressive 50 basis point interest-rate hike by the European Central Bank amid growing worries about a recession and a political turmoil in Italy.
U.S. Jobless Benefits Rolls Grow; Key Factory Output Gauge Slumps
The number of Americans enrolling for unemployment benefits rose for a third straight week last week to the highest in eight months and a closely watched gauge of factory activity slumped this month, the newest indications the U.S.
Italy Leads Bond Selloff As ECB Hikes Rates And Assesses New Tool
Italy led a selloff in southern European bonds on Thursday, after the European Central Bank delivered its first interest rate hike since 2011 but left some disappointed with an announcement on a new tool to contain debt market stress.
Wall Street Closes Higher On Strong Tesla Earnings
U.S. stocks ended higher on Thursday as electric automaker Tesla rose on its stronger-than-expected quarterly results, which helped offset a slide in telecom and energy shares.
S&P 500, Nasdaq Ride Higher On Tesla Gains
The Nasdaq and the S&P 500 rose on Thursday as gains in electric automaker Tesla following its strong quarterly results helped offset a slide in telecom and energy shares.
S&P 500, Nasdaq Set To Open Higher On Upbeat Tesla Results
The S&P 500 and the Nasdaq were set to open higher on Thursday as electric automaker Tesla topped Wall Street's profit target, while futures tracking the Dow struggled for direction.
Ukraine Keeps Key Interest Rate Unchanged, Increases Inflation Forecast
Ukraine's central bank kept its main interest rate unchanged at a seven-year-high of 25% on Thursday and raised its 2022 inflation forecast to more than 30%.
Indonesia Central Bank Holds Policy Rate, Will Lift Longer Short-term Yields
Indonesia's central bank left its policy interest rate unchanged at a record low on Thursday but said it would lift yields on other short-term debt, taking the money market back towards pre-pandemic normality.
Column-Global 2021 Coal-fired Electricity Generation Surges To Record High: Kemp
Global coal-fired electricity generators are producing more power than ever before in response to booming electricity demand and the surging price of gas.
S.Korea To Cut Taxes For Companies, Workers And Retail Investors
South Korea on Thursday proposed a series of tax cuts for companies, workers and retail investors in stocks to support private-sector led economic growth as President Yoon Suk-yeol had pledged in the election campaign.
Inflation Surge Pushes Up Britain's Budget Deficit
A surge in debt costs - pushed up by soaring inflation to twice their previous monthly peak - added to Britain's budget deficit in June, which was its highest since April 2021, data showed on Thursday.
Stocks Bounce Runs Out Of Gas Ahead Of ECB
Asian stocks inched lower while the dollar held firm on Thursday as a looming interest rate hike in Europe and uncertainty over the westward supply of Russian gas kept traders on edge.
Euro Edges Up In Relief As Russia Turns The Gas Taps Back On
The euro ticked higher on Thursday on relief that gas began flowing again along the biggest pipeline from Russia to Germany, though growth worries and an expected interest rate hike in Europe kept stocks from extending a modest rally much further.
Euro Jumps, Stocks Wobble After Hefty ECB Hike
Stocks see-sawed and the euro rose after the European Central Bank raised interest rates by a bigger than expected 50 basis points, its first increase in more than a decade, to quell runaway inflation as it plays catch up with other central banks.
Stocks Dip, Euro Volatile After ECB Rate Hike
A gauge of global stock markets lost ground after four straight sessions of gains, while the euro rose in volatile trading after the European Central Bank raised interest rates for the first time in more than a decade as it seeks to tame inflation.
Stocks Gain, Euro Edges Up After ECB Rate Hike
A gauge of global stock markets rose for a fifth straight session while the euro edged up in choppy trading after the European Central Bank raised interest rates for the first time in more than a decade as it seeks to rein in inflation.
Euro Knocked By Italy Crisis Ahead Of Landmark ECB Hike
The euro wilted on Thursday as the European Central Bank geared up for its first rate rise in over a decade and as political tumult in Italy offset relief following the restart of Russian gas flows through the region's largest pipeline.
Euro Rises Vs Dollar After ECB Hikes Faster Than Flagged
The euro jumped against the U.S. dollar before paring gains in a choppy session on Thursday, after the European Central Bank (ECB) delivered a 50 basis point rate hike to tame inflation in its first rate increase since 2011.
Oil Prices Extend Losses As Demand Concerns Outweigh Tight Supply
Oil prices fell on Thursday for a second straight session, as demand concerns outweighed tight global supply after U.S.
Oil Price Dip Continues On Higher U.S. Gasoline Stockpiles
Oil prices fell for a second session on Thursday after higher U.S.
Oil Prices Slump As Stockpiles And Rate Hikes Stoke Demand Fears
Oil prices fell by more than $5 on Thursday after higher U.S.
Oil Slumps $3/bbl On Gasoline Stockpiles, Rate Hikes And Resuming Supply
Oil prices fell more than $3 a barrel on Thursday on higher U.S.
Ukraine War, Higher Rates To Limit Growth In Developing Asia - ADB
The Asian Development Bank (ADB) on Thursday slashed its growth forecasts for developing Asia for this year and next, reflecting the economic fallout from Russia's war in Ukraine and aggressive tightening by global central banks to tame inflation.
Japan Posts $10 Billion Trade Gap In June As Energy Imports Surge
Japan ran a trade deficit for the 11th straight month in June as high energy and other commodity costs pushed up imports, highlighting growing economic pressures from a sharply declining yen and global inflation.
Analysis-Asia's Central Banks Forced To Play Catch-up In Global Rush To Raise Rates
Having bucked a global dash to tighten monetary policy for a year, Asian central banks find themselves scrambling to catch up in order to tackle rising inflation and defend weakening currencies.
S.Korea's Huge Pension Fund A Local Force Driving Won Lower
South Korea's strenuous attempts to defend a sharply weakening currency have run into an unstoppable home-made force working in the opposite direction: the national pension fund.
ECB To Finally Join Rate Hike Club With Big Move On Agenda
The European Central Bank will raise interest rates for the first time in 11 years on Thursday with a bigger-than-flagged move seen as increasingly likely as policymakers fear losing control of runaway consumer price growth.
ECB Raises Rates More Than Expected To Fight Off Runaway Inflation
The European Central Bank raised interest rates by more than expected on Thursday, confirming that concerns about runaway inflation now trump growth considerations, even as the euro zone economy reels from the impact of Russia's war in Ukraine.
Pages
- Promoted in Economy & Markets
- 1
- 2
- 3
- 4
- 5
Editor's pick
-
FDA Alert: Fake Ozempic Found In US Drug Supply Chain
-
Trump Tariff Exemption For Phones, Laptops Only Temporary: POTUS Wants Them 'to Be Built In America'
-
Harvard Sees $2.2 Billion In Funding Frozen After Defying Trump
-
Trump Tariff Rollercoaster Complicates ECB Rate Call
-
Trump Advisor Navarro Looks To Cool Spat With Musk
-
German Archive Where Victims Of The Nazis Come Back To Life
