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Top StoriesUK to Relaunch Trade Talks With India, Seeks ‘new Strategic Partnership’
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InvestingOil Nudges up After Russia-Ukraine Tensions Escalate
New Zealand Inks ‘sustainable’ Trade Deal With Switzerland, Costa Rica and Iceland
Date: November 16, 2024
SYDNEY (Reuters) – New Zealand signed a trade deal on Saturday with Switzerland, Costa Rica and Iceland to remove tariffs on hundreds of sustainable goods and services, in a move Wellington says will boost the country’s export sector. The Agreement on Climate Change, Trade and Sustainability (ACCTS) was signed at a ceremony during the Asia-Pacific...
UK Must Keep Trade Open and EU Close in Fragmenting World, Bank of England’s Bailey Says
Date: November 14, 2024
By Andy Bruce (Reuters) – Britain should stand up for free trade and rebuild ties with the European Union as the global economy fragments, Bank of England Governor Andrew Bailey said in a speech on Thursday that cast an eye towards Donald Trump’s White House return. Bailey said a commitment to open trade was vital...
Oil Slips Towards 2-week Low on Gloomy Demand Outlook
Date: November 13, 2024
By Arunima Kumar (Reuters) -Oil prices slipped on Wednesday, trading near their lowest in two weeks, a day after OPEC lowered global oil demand growth forecasts for 2024 and 2025 and amid demand concerns in China. OPEC cited weakness in China, India, and other regions for its decision, which marked the producer group’s fourth straight...
Oil Prices Hold Near 2-week Low on Gloomy Demand Outlook
Date: November 13, 2024
By Arunima Kumar (Reuters) – Oil prices held near their lowest in two weeks on Wednesday, a day after OPEC downgraded its forecast for global oil demand growth in 2024 and 2025 and amid demand concerns in China. Brent futures were up 49 cents, or 0.68%, to $72.38 a barrel at 1040 GMT, while U.S....
Nov 8-Oil Settles Down 2% on Receding Hurricane Risk, Lackluster China Stimulus
Date: November 11, 2024
(This Nov. 8 story has been corrected to fix the WTI settlement at $70.38, not $70.35, in paragraph 2) By Shariq Khan NEW YORK (Reuters) – Oil prices settled more than 2% lower on Friday as traders grew less fearful of prolonged supply disruptions from a hurricane in the U.S. Gulf of Mexico, while China’s...
Britain’s Reeves to Use Major Speech to Promote ‘free and Open’ Trade, the Observer Reports
Date: November 10, 2024
LONDON (Reuters) – Britain’s finance minister Rachel Reeves is expected to use a major speech this week to “promote free and open trade between nations” amid the threat of potential tariffs under Donald Trump’s presidency, The Observer newspaper reported on Saturday. Trump, who won the 2024 U.S. presidential election, has proposed imposing a 10% tariff...