Oil bobs in the green, awaiting US stockpiles data and other catalysts
Crude prices were back in the positive in Wednesday’s Asian session, trading a few cents above the lower close of…
Analysis-China saves billions of dollars from record sanctioned oil imports
(Reuters) – China has reaped savings this year of nearly $10 billion through record purchases of oil from countries under…
Argentina’s beleaguered peso sinks to new low as election looms
(Reuters) – The free-fall of Argentina’s troubled peso showed no signs of slowing on Tuesday, with the local currency surpassing…
Asia stocks hit 2-week high as Fed talk turns dovish
(Reuters) – Asia’s stockmarkets rose on Wednesday and the dollar beat a retreat as a dovish shift in tone from…
IMF: Sri Lanka’s talks with creditors ongoing, unaware of specific deals
(Reuters) – Discussions between Sri Lanka and all its creditors are ongoing, though the International Monetary Fund has not been…
ECB has long road on disinflation but in a good place now: Knot
(Reuters) – The European Central Bank has made “important progress” in getting inflation back down to target but there is…
Biden administration takes aim at junk fees with new proposed rule, guidance
(Reuters) – The Biden administration took another shot at unpopular junk fees on Wednesday with a proposed rule that would…
Yellen says oil price cap has ‘significantly’ cut Russia’s revenues
(Reuters) – U.S. Treasury Secretary Janet Yellen on Wednesday said a G7-led price cap on Russian oil had sharply reduced…
Dollar flat ahead of release of Fed minutes, PPI data
The U.S. dollar traded largely unchanged in early European hours Wednesday, adopting something of a holding pattern ahead of the…
European stocks mixed; LVMH slumps as sales growth slows
European stock markets traded in a mixed fashion Wednesday, with weakness in LVMH hitting the French market ahead of the…