global-economy
Top StoriesOil Pares Gains Ahead of Fed Reserve Comments
Top StoriesOil Near 10-month Peak on Supply Tightness, US Inflation Data Awaits
Top StoriesG20 Chair India Says Leaders’ Statement Almost Ready
Top StoriesStocks Decline as Yields, Dollar Rise Amid Global Demand Worries
Oil Inches Higher on Opec+ Supply Cut Expectations
Date: September 4, 2023
Oil inches higher on OPEC+ supply cut expectations By Mohi Narayan NEW DELHI (Reuters) – Oil prices edged higher on Monday, supported by expectations that major producers will keep supplies tight, and growing hopes that the Federal Reserve will leave interest unchanged to avoid dampening the U.S. economy. Brent crude November futures was up 3...
Reactions as India’s Chandrayaan-3 Makes Historic Moon Landing
Date: August 23, 2023
Reactions as India’s Chandrayaan-3 makes historic moon landing NEW DELHI (Reuters) -India on Wednesday became the fourth country to land on the moon after the Indian Space Research Organisation’s Chandrayaan-3 touched down on the lunar south pole. Following are some reactions to the occasion: S. SOMANATH, INDIAN SPACE RESEARCH ORGANISATION (ISRO)CHAIRMAN “India is on the...
Global Stock Rally Pauses, U.S. Yields Touch New Peaks
Date: August 22, 2023
Global stock rally pauses, U.S. yields touch new peaks By Karin Strohecker and Koh Gui Qing NEW YORK/LONDON (Reuters) -A comeback rally in global stocks fizzled on Tuesday as benchmark Treasury yields hit a near 16-year high on concerns that interest rates could stay higher for longer, which kept the safe-haven dollar firm near 10-week...
Manchester United Renews Adidas Partnership in $1.1 Billion 10-yr Deal
Date: July 31, 2023
Manchester United renews Adidas partnership in $1.1 billion 10-yr deal (Reuters) -Manchester United on Monday renewed the soccer club’s partnership with official kit supplier Adidas for 10 more years and a minimum cash guarantee of 900 million pounds ($1.16 billion). The new deal, ahead of the 2023/24 Premier League season starting next month, will continue...
Oil Climbs Close to April Peak on Tighter Supply
Date: July 27, 2023
Oil climbs close to April peak on tighter supply By Alex Lawler LONDON (Reuters) -Oil climbed by almost 1% on Thursday, recouping losses from the previous session, supported by supply tightness owing to OPEC+ production cuts and renewed optimism on the outlook for Chinese demand and global growth. Crude has posted four consecutive weekly gains...
Oil Edges Higher on Lower U.S. Crude Stocks, Cautious Outlook
Date: July 20, 2023
Oil edges higher on lower U.S. crude stocks, cautious outlook By Ahmad Ghaddar LONDON (Reuters) – Oil prices crept higher on Thursday as a lower-than-expected drop in U.S. crude inventories and a weaker demand outlook kept investors cautious. September Brent futures climbed 6 cents, or 0.1%, to$79.52 a barrel by 0929 GMT, while August U.S....