global-economy
Top StoriesUK PM Rishi Sunak Congratulates Lula on Brazil Election Victory
Top StoriesOil Slips on China Covid Curbs, Weak Factory Activity Data
InvestingOPEC Expected to Stick to View of Long-Term Oil Demand Rise
Top StoriesOil Rises on Strong Crude Demand, Despite China Fears
Oil Prices Steady as Chinese Demand Data Disappoints
Date: October 24, 2022
By Noah Browning LONDON (Reuters) -Oil prices were steady on Monday after Chinese data showed that demand from the world’s largest crude importer remained lacklustre, but rising equities in key markets marked a brief respite from global recession fears. Brent crude futures for December settlement were up 8 cents, or 0.1%, at $93.58 a barrel...
Oil Steady as Positive Chinese Signals Counter Recession Fears
Date: October 17, 2022
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices held steady on Monday in choppy trading as China’s continuation of loose monetary policy offset fears that high inflation and energy costs could drag the global economy into recession. Brent crude futures were down 2 cents, or 0.02%, to $91.67 a barrel by 11:37 a.m. EDT (1537 GMT),...
Oil Down on Strong Dollar, Worries About Recession and Hawkish Fed Talk
Date: October 12, 2022
By David Gaffen NEW YORK (Reuters) -Oil futures fell for a third day on Wednesday, as worries about a weaker fuel demand outlook and rising U.S. interest rates outweighed supply concerns that followed last week’s OPEC+ cut to its production target. OPEC slashed its demand outlook on Wednesday. Last week, together with allies including Russia,...
Bmw Group Sales Drop Slightly in Q3
Date: October 10, 2022
BERLIN (Reuters) -BMW sold nearly as many cars in the third quarter as it did in the same period a year before, after the war in Ukraine and supply shortages led to a drop in deliveries in the first half of 2022, said the German carmaker on Monday. Group sales were down 0.9% compared with...
World Food Price Index Falls for Sixth Month in Sept -Fao
Date: October 7, 2022
ROME (Reuters) – The United Nations food agency’s world price index fell for a sixth month in a row in September, receding from all-time highs posted earlier this year after Russia invaded Ukraine. The Food and Agriculture Organization (FAO) said on Friday that its price index, which tracks the most globally traded food commodities, averaged...
Opec+ Oil Output Cut Ahead of Winter Fans Inflation Concerns
Date: October 6, 2022
By Florence Tan and Joyce Lee SINGAPORE (Reuters) -Global oil supply is set to tighten, intensifying concerns over soaring inflation after the OPEC+ group of nations announced its largest supply cut since 2020 ahead of European Union embargoes on Russian energy. The move has widened a diplomatic rift between the Saudi-backed bloc and Western nations,...