German economy minister says ‘bitter reality’ is Russia will not resume gas supply

German Economy and Climate Action Minister Robert Habeck speaks during a news conference on the future use of liquefied natural gas (LNG), in Berlin, Germany August 16, 2022. REUTERS/Lisi Niesner Register now for FREE unlimited access to Register BERLIN, Aug 29 (Reuters) – Germany faces the “bitter reality” that Russia will not restore gas … Read more

Morning Bid: Hiring warnings – premature?

A look at the day ahead in markets from Sujata Rao Much of the inflationary heat across the developed world has been generated by labor shortages. But of late, a raft of US corporations – Meta (META.O), Tesla (TSLA.O), Apple and Goldman Sachs among them – have warned they will slow hiring. The warnings tanked … Read more

ECB policymakers to discuss 50 bps rate hike this week, sources say

A symphony of light consisting of bars, lines and circles in blue and yellow, the colors of the European Union, illuminates the south facade of the European Central Bank (ECB) headquarters in Frankfurt, Germany, December 30, 2021. REUTERS / Wolfgang Rattay Register now for FREE unlimited access to Register FRANKFURT, July 19 (Reuters) – … Read more

Oil market sees support from physical tightness

Oil pump jacks are seen at the Vaca Muerta shale oil and gas deposit in the Patagonian province of Neuquen, Argentina, January 21, 2019. REUTERS / Agustin Marcarian Register now for FREE unlimited access to Register Brent futures dipped below $ 100 last week Some physical crude bids, offers at record highs Outages, strong … Read more

Oil market reformer says Russian price cap would fail

The seized Russian-flagged oil tanker Pegas is seen anchored off the shore of Karystos, on the Island of Evia, Greece, April 19, 2022. REUTERS / Vassilis Triandafyllou Register now for FREE unlimited access to Register Montepeque helped design dominant oil pricing mechanism Says Russia could stop selling oil, ask for higher bids Says cap … Read more

US and Saudi reiterate their commitment to stability of global energy markets

US President Joe Biden participates in a bilateral meeting with Saudi Arabia’s Crown Prince Mohammed bin Salman, at Al Salam Royal Palace, in Jeddah, Saudi Arabia July 15, 2022. REUTERS / Evelyn Hockstein Register now for FREE unlimited access to Register July 16 (Reuters) – The United States and Saudi Arabia have reiterated their … Read more

OPEC + will assess oil market and do what is necessary, says Saudi foreign minister

People walk near power plant number 10 at Saudi Electricity Company’s Central Operation Area, south of Riyadh, April 27, 2012./File Photo Register now for FREE unlimited access to Register JEDDAH, Saudi Arabia July 16 (Reuters) – Saudi Arabia’s foreign minister said a US-Arab summit on Saturday did not discuss oil and that OPEC + … Read more

Yellen says US aims to move ahead with global minimum corporate tax

US Treasury Secretary Janet Yellen arrives before speaking at a news conference, ahead of the G20 Finance Ministers and Central Bank Governors Meeting, in Nusa Dua, Bali, Indonesia, July 14, 2022. Sonny Tumbelaka / Pool via REUTERS Register now for FREE unlimited access to Register NUSA DUA, Indonesia, July 16 (Reuters) – The United … Read more

The big default? The dozen countries in the danger zone

LONDON, July 15 (Reuters) – Traditional debt crisis signs of crashing currencies, 1,000 basis point bond spreads and burned FX reserves point to a record number of developing nations now in trouble. Lebanon, Sri Lanka, Russia, Suriname and Zambia are already in default, Belarus is on the brink and at least another dozen are in … Read more

Explainer: Why the euro’s fall below parity versus dollar matters

A woman holds Euro banknotes in this illustration taken May 30, 2022. REUTERS / Dado Ruvic / Illustration Register now for FREE unlimited access to Register LONDON, July 13 (Reuters) – Europe’s single currency has dropped below parity against the dollar for the first time in almost 20 years, battered by growing recession fears … Read more