global-economy
InvestingOil Rises as Opec+ Meeting Eyed, Global Demand Concerns Weigh
Top StoriesOil Slips as Global Demand Concerns Weigh, Opec+ Meeting Eyed
Top StoriesOil Sinks After Weak Factory Data Sparks Demand Concerns
Top StoriesOil Outshines Stocks and Dollar in 2022
Oil Tumbles After Weak Factory Data Sparks Demand Concerns
Date: August 1, 2022
By Ahmad Ghaddar LONDON (Reuters) – Oil prices dropped sharply on Monday as weak manufacturing data from China and Europe weighed on the demand outlook while investors braced for this week’s meeting of officials from OPEC and other top crude producers on supply. Brent crude futures were down $3.77, or 3.6%, at $100.20 a barrel...
How the Other Half Lives: Luxury Companies Thrive
Date: July 29, 2022
By Richa Naidu, Lucy Raitano and Mimosa Spencer LONDON/PARIS (Reuters) – While millions are fretting whether they can afford another $1,000 on energy this year, others are still splashing out on $10,000 Hermes handbags as soaring prices leave wealthier people relatively unscathed. A string of consumer companies, from spirits group Diageo to Birkin bag maker...
Global Equity Funds See Biggest Weekly Outflow in Five Weeks
Date: July 22, 2022
(Reuters) – Global equity funds recorded their biggest weekly outflow in five weeks in the week to July 20, on investor caution ahead of crucial central bank meetings in which rate hikes are expected to be announced. According to Refinitiv Lipper, investors offloaded a net $13.79 billion worth of global equity funds, marking the biggest...
Quidditch Becomes Quadball as Sport’s Bodies Change Name
Date: July 20, 2022
LONDON (Reuters) – Quidditch, the sport inspired by the wizarding game in the “Harry Potter” books, will now be known as quadball, its governing bodies said, a name change meant in part to distance themselves from author J.K. Rowling’s views on transgender issues. In a statement on its website on Wednesday, the International Quidditch Association...
Aviation Recovery Heats up With Boeing Order, UK-Japan Collaboration
Date: July 18, 2022
By Paul Sandle and David Shepardson FARNBOROUGH, England (Reuters) -UK-Japanese collaboration on fighter jets and a multibillion-dollar Boeing passenger plane order gave a lift to the aviation industry on Monday as the Farnborough Airshow returned in a heatwave tipped to break UK records. A national emergency has been declared in Britain for Monday and Tuesday,...
Oil Jumps 2.5% as No Immediate Saudi Output Boost Expected
Date: July 15, 2022
By Laila Kearney NEW YORK (Reuters) – Oil prices gained 2.5% on Friday after a U.S. official told Reuters that an immediate Saudi oil output boost was not expected, and as investors question whether OPEC has the room to significantly ramp up crude production. Brent crude futures were up $2.50, or 2.5%, to $101.60 a...