Oil Traders Regain Their Swagger With World Desperate for Fuel

“Energy security is number one, price is number two, sustainability is number three,” said Russell Hardy, chief executive officer at Vitol Group, the world’s top oil trader by volume. “That’s the short-term set of priorities. The long set of priorities haven’t changed, they’re the other way around.”

Thai policy tightening to be gradual as recovery slow – chief

BANGKOK, Oct 1 (Reuters) – Thailand’s economy recovery remains intact but slow, so monetary policy tightening should be gradual to ensure a smooth recovery while fighting surging inflation, the central bank chief said on Saturday. Southeast Asia’s second-largest economy is expected to return to its pre-pandemic growth rates late this year or early next, Sethaput … Read more

UK’s Truss: I recognize there has been market disruption

LONDON, Sept 30 (Reuters) – British Prime Minister Liz Truss said on Friday she recognized there had been some financial market disruption following the government’s so-called mini budget and that it was important monetary and fiscal policy are coordinated. Truss has so far argued market turbulence following the announcement of planned tax cuts a week … Read more

Russian ruble leaps to 8-year high vs euro as market awaits sanctions

This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine MOSCOW, Sept 30 (Reuters) – The rouble soared to its highest in almost eight years against the euro on Friday, with investors anxious that more sanctions against Moscow could limit foreign currency trading as Russia prepared to annex … Read more

China forex regulator warns against illegal money outflows

BEIJING, Sept 30 (Reuters) – China’s foreign exchange regulator named and shamed 10 banks that had assisted illegal capital outflows, vowing to crack down on fake forex transactions in authorities’ latest effort to stabilize the sliding yuan. The State Administration of Foreign Exchange (SAFE) listed 10 “typical” cases of misdeeds in a statement on its … Read more

Hawks and hardliners | Reuters

A look at the day ahead in European and global markets from Vidya Ranganathan The third quarter of 2022 draws to a close with monetary and military hawks prevailing, and financial markets nursing some of the worst setbacks in decades. Russian President Vladimir Putin is set to host a Kremlin ceremony on Friday annexing about … Read more

INDIA RUPEE Rupee seen higher on current account deficit surprise, dollar retreat

MUMBAI, Sept 30 (Reuters) – The Indian rupee is expected to open higher against the US dollar on Friday, after the country reported a lower-than-expected current account deficit for the June quarter. The dollar index pulling back further from multi-year highs will likely be an additional boost for the rupee, traders said. The rupee is … Read more

South Korea’s Yoon calls for a sense of urgency in cushioning economic shocks

SEOUL, Sept 30 (Reuters) – South Korean President Yoon Suk-yeol on Friday called for more sense of urgency in dealing with heightened volatility in financial markets and promised to take contingency measures in a timely manner. “We have built a stronger breakwater than in the past in terms of external soundness and already implemented market … Read more

Morning Bid: Guilty party | Reuters

A look at the day ahead in European and global markets from Tom Westbrook The Old Lady of Threadneedle Street’s cash tourniquet on the gilt market is holding, with the relief rally driving 30-year yields down a wild 105 basis points in a few hours. Yet the remedy is little salve for a sinking pound, … Read more