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Faster UK economy growth gives gift to new government
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Tax the super-rich, ex-leaders tell G20
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Oil settles higher on hopeful demand outlook as US oil stocks sink
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Britain likely to lose nearly one in six millionaires by 2028, report says
Shares climb, bonds rally as September Fed rate cut chances grow
Date: July 10, 2024
By Lawrence White LONDON (Reuters) -Shares climbed and bond yields dipped on Wednesday following cautious but encouraging remarks on inflation by Federal Reserve Chair Jerome Powell the day before, which raised expectations for imminent U.S. rate cuts. The pan-European STOXX 600 index rose 0.6% by 1040 GMT, led by gains in travel and leisure shares....
BP Energy Outlook: both main scenarios see 2025 oil peak, rapid renewables growth
Date: July 10, 2024
By Ron Bousso LONDON (Reuters) – BP expects oil demand to peak next year and wind and solar capacity to grow rapidly in both of the two main scenarios in its annual Energy Outlook, a study of the evolution of the global energy system to 2050 it published on Wednesday. Carbon emissions, caused predominantly by...
Oil edges higher on likely US inventory drawdown
Date: July 10, 2024
Oil edges higher on likely US inventory drawdown By Ahmad Ghaddar LONDON (Reuters) -Oil prices rose on Wednesday on expectations that U.S. crude and gasoline inventories fell last week, but further gains were limited by the restart of output in the U.S. Gulf as the threat from Hurricane Beryl faded and slack Chinese consumer demand....
Alstom wins $3 billion order to deliver metro trains in Hamburg
Date: July 10, 2024
Alstom wins $3 billion order to deliver metro trains in Hamburg (Reuters) – Alstom has signed a framework agreement worth up to 2.8 billion euros ($3.0 billion) to deliver 374 new metro trains and rail technology for Hamburger Hochbahn in Germany, the French train manufacturer said on Wednesday. Production is scheduled to start in 2026...
Morning Bid: Turning the corner in the inflation fight
Date: July 10, 2024
Morning Bid: Turning the corner in the inflation fight A look at the day ahead in European and global markets from Rae Wee Central bankers across the globe are finally showing increasing confidence that markets may be entering an era of lower rates, after victory over inflation proved elusive for a long time. The Reserve...
Asia shares rise; kiwi slumps after RBNZ’s less hawkish tone
Date: July 10, 2024
Asia shares rise; kiwi slumps after RBNZ’s less hawkish tone By Rae Wee and Sameer Manekar SINGAPORE (Reuters) -Asian stocks hovered near two-year highs on Wednesday on growing bets of imminent U.S. rate cuts, while the New Zealand dollar slid after its central bank signalled greater confidence that inflation was coming to heel. The Reserve...