global-economy
Top StoriesInflation, Elections and War Dominated 2024
TradingOil Falls on Demand Growth Concerns, Robust Dollar
InvestingOil Dips on Demand Concerns as Investors Await Fed Meeting
InvestingOil Prices Edge Down on Soft Chinese Spending Data
World Food Prices Reach 19-month High in November, UN Says
Date: December 6, 2024
LONDON (Reuters) – The United Nations’ world food price index rose in November to its highest level since April 2023, recording its biggest gain in 19 months on the back of surging vegetable oil prices, data showed on Friday. The price index, compiled by the U.N. Food and Agriculture Organization (FAO) to track the most...
Oil Falls as Investors Weigh Ample 2025 Supply Outlook, Delayed Opec+ Output Hike
Date: December 6, 2024
By Georgina McCartney HOUSTON (Reuters) -Oil prices fell on Thursday as investors weighed an ample supply outlook for next year against OPEC+ delaying its planned output increase by three months to April 2025. Brent crude settled down 22 cents, or 0.3%, at $72.09 a barrel, while U.S. West Texas Intermediate (WTI) settled down 24 cents,...
Global Debt Surges Past $320 Trillion as Risk Appetite Returns- Iif
Date: December 3, 2024
By Libby George LONDON (Reuters) – The world’s debt stock surged by over $12 trillion in the first three quarters of 2024 to a fresh record of nearly $323 trillion, thanks to falling borrowing costs and rising risk appetite, a report by a banking trade group showed on Tuesday. Large government budget deficits suggest that...
Oil Prices Rise Ahead of Opec+ Meeting
Date: December 3, 2024
By Robert Harvey LONDON (Reuters) -Oil prices rose more than 1.5% on Tuesday as investors await an OPEC+ meeting expected to rubber stamp continued output cuts while a fragile ceasefire between Israel and Lebanon provided additional support. Brent crude futures rose $1.16, or 1.6%, to $72.99 a barrel by 1346 GMT while U.S. West Texas...
Global Equity Funds Draw Ninth Weekly Inflow in a Row
Date: November 29, 2024
(Reuters) – Global investors stepped up purchases in equity funds in the week ended Nov. 27, encouraged by prospects of robust U.S. growth under the Trump administration and boosted by cooling treasury yields. Investors pumped a substantial $12.19 billion into global equity funds, a jump of 32% compared with about $9.24 billion worth of net...
Norway’s Sverdrup Oilfield Restores Full Output After Outage
Date: November 20, 2024
OSLO (Reuters) -Equinor has restored full output capacity at its Johan Sverdrup oilfield in the North Sea following an outage that drove up oil prices, and is now producing steadily at normal levels, a company spokesperson said on Wednesday. Output was halted on Monday at western Europe’s largest oilfield due to an onshore outage that...