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OPEC Flags Risk to Oil Demand Outlook From Ukraine War, Inflation
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Oil Plunges on Easing Supply Concerns, China Covid Cases
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Understanding ESG and Sustainable Investing
European Shares Gain on Ukraine Hopes; Volkswagen Surges on Strong Results
Date: March 14, 2022
By Sruthi Shankar and Shreyashi Sanyal (Reuters) – European stocks rose on Monday, clinging to hopes of diplomatic efforts by Ukraine and Russia to end weeks-long conflict, while shares in Volkswagen surged after the German carmaker doubled its operating profit. The pan-European STOXX 600 index ended 1.2% higher, extending gains from Friday when Russian President...
Oil Falls 8% on Russia-Ukraine Talk Hopes, China Lockdowns
Date: March 14, 2022
By Scott DiSavino NEW YORK (Reuters) -Oil prices dropped about 8% on Monday to the lowest in two weeks, as diplomatic efforts between Ukraine and Russia looked like they might end their conflict, which would boost global supplies, while a pandemic-linked travel ban in China cast doubt on the demand outlook. Brent futures fell $8.64,...
Didi Shares Slump After Report on Suspension of HK-listing Plans
Date: March 11, 2022
(Reuters) – U.S.-listed shares of Didi Global Inc slumped 12% in premarket trading on Friday after a report that the ride-hailing firm had suspended preparations for its Hong Kong listing due to its failure to meet China’s conditions on handling sensitive user data. The Cyberspace Administration of China (CAC) told Didi executives that their proposals...
Stocks Rebound From Inflation Selloff, but Head for 5th Weekly Fall
Date: March 11, 2022
By Tommy Wilkes LONDON (Reuters) – Stocks rose on Friday as investors clung to hopes the global economy would continue to grow despite the war in Ukraine and yet more evidence central banks will need to tighten policy fast to tame inflation. Data on Thursday showed U.S. inflation at a four-decade high, prompting traders to...
Oil Edges Back up Despite Putin’s Pledge to Honor Supply Commitments
Date: March 10, 2022
By Shariq Khan BENGALURU (Reuters) – Oil edged higher on Thursday after its biggest plunge in two years in the previous session, as uncertainty over Russian supplies roiled the market despite Moscow’s reassurance over its contractual energy obligations. Since Russia’s Feb. 24 invasion of Ukraine, oil markets have been the most volatile in two years,...
ECB’s Hawkish Surprise, War Tensions Pressure European Stocks
Date: March 10, 2022
By Sruthi Shankar, Susan Mathew and Bansari Mayur Kamdar (Reuters) – Euro zone stocks fell on Thursday after the European Central Bank surprised markets by accelerating its exit from pandemic-related stimulus. An index of euro zone stocks closed down 2.5% having fallen up to 3%, while blue-chips slumped 3%. But euro zone bond yields soared...