global-economy
TradingGlobal Shares Soft; Dollar, Bond Yields Hold Near Multi-Month Highs
Top StoriesChina and Britain Enjoy Vast Space for Cooperation, Xi Tells Starmer
InvestingOil Settles Down 2% on Weaker Chinese Demand, Uncertainty Over Fed Rate Cut
TradingOil Prices Set for Weekly Loss on China Demand Fears
Oil Dips on Bigger-Than-Expected US Crude Stockbuild, Oversupply Concerns
Date: November 14, 2024
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices edged lower on Thursday, as rising U.S. crude inventories added to concerns of oversupply, while the dollar’s ascent to a one-year high raised demand fears. Brent crude futures were down 24 cents, or 0.3% at $72.04 a barrel at 1:14 p.m. ET (1814 GMT). U.S. West Texas Intermediate...
Biden to Bid Farewell at Apec and G20 Under Trump’s Shadow
Date: November 14, 2024
By Jarrett Renshaw WASHINGTON (Reuters) – President Joe Biden heads to South America on Thursday for a curtain call with global leaders after over 50 years in U.S. politics, but the man he tried and failed to keep from returning to power is likely to be the focus of many meetings: incoming U.S. President Donald...
Cma CGM’s Profit Jumps on Buoyant Shipping Demand
Date: November 9, 2024
By Gus Trompiz PARIS (Reuters) – Strong global demand pushed up CMA CGM’s third-quarter profit while the current quarter was seeing a rush to ship goods from China, the shipping group said on Friday as it played down the risk to trade from possible U.S. tariffs. The French company reported a net profit of $2.73...
Oil Prices Rise 1% After Boost From US Fuel Demand
Date: October 31, 2024
LONDON (Reuters) -Oil prices gained 1% on Thursday after rallying the previous day on stronger than expected U.S. fuel demand and reports that producer group OPEC+ could delay a planned output increase. Traders are also awaiting the outcome of the U.S. presidential election on Nov. 5 and whether ceasefires can be brokered in the Middle...
Oil Prices Little Changed Though US Reserve Bid Lends Support
Date: October 29, 2024
By Yuka Obayashi and Emily Chow TOKYO (Reuters) -Oil prices were little changed on Tuesday after falling in the previous session as a U.S. plan to buy oil for the Strategic Petroleum Reserve (SPR) provided some support though wider concerns about weaker future demand growth exerted pressure. Brent crude futures climbed 3 cents to...
China Stimulus Pushes Global Shares to New Peak, Boosts Commodities
Date: September 24, 2024
By Ankur Banerjee and Sruthi Shankar SINGAPORE/LONDON (Reuters) – World stocks hit a record high on Tuesday after China unveiled stimulus measures to support its economy and stock markets, sending Asian and European shares higher and triggering a bounce in commodity prices. People’s Bank of China (PBOC) Governor Pan Gongsheng announced plans to lower...