Oil prices climb on market caution amid tight supply

Models of oil barrels and a pump jack are shown in front of a rising stock chart and “$100” in this illustration taken February 24, 2022. REUTERS/Dado Ruvic/Illustration Join now for FREE unlimited access to Reuters.com Register Brent rises as high as $116/barrel on Tuesday US inventory data delayed a day this week SINGAPORE, June … Read more

Asian stocks fall, without dodging the risks of recession

People walk past an electronic screen showing Japan’s Nikkei stock price index inside a conference room in Tokyo, Japan June 14, 2022. REUTERS/Issei Kato Join now for FREE unlimited access to Reuters.com Register Asian scholarships: S&P futures lose first gains, Nikkei slips more than 1% Fed chairman expected to give hawkish testimony this week Euro … Read more

US eyes Chinese tariffs, possible federal gas tax break to curb inflation

WASHINGTON, June 19 (Reuters) – President Joe Biden’s administration is considering removing some tariffs on China and a possible pause on the federal gas tax as the United States struggles to tackle soaring prices gasoline and inflation, two senior officials said on Sunday. US Treasury Secretary Janet Yellen said some China tariffs inherited from former … Read more

Wall St ends up but still down week as volatility reigns

S&P suffers biggest weekly pct decline since March 2020 Markets closed on Monday for the holidays of June 16 Dow down 0.13%, S&P 500 up 0.22%, Nasdaq up 1.43% June 17 (Reuters) – U.S. stocks closed with a modest rebound on Friday but still suffered the biggest weekly percentage decline in two years as investors … Read more

Shock Swiss rate hike puts markets on edge; The BOJ holds

Pedestrians are reflected in a window in front of a chart displaying share prices at the Australian Securities Exchange (ASX) in Sydney, Australia, February 9, 2018. REUTERS/David Gray/File Photo Join now for FREE unlimited access to Reuters.com Register The SNB raises 50 basis points, the franc soars, the dollar slips Stock markets tumble as further … Read more

Analysis: Market crash exposes Europe’s divisions

Market rout highlights Europe’s Achilles heel ECB tries to restore confidence dampened by soaring prices Ministers are deadlocked over a decade-old plan to support banks LONDON, June 16 (Reuters) – A market sell-off has revived memories of the eurozone debt crisis more than a decade ago, illuminating the divisions that have undermined the currency bloc’s … Read more

ECB to discuss market rout in unscheduled meeting

The logo of the European Central Bank (ECB) in Frankfurt, Germany, January 23, 2020. REUTERS/Ralph Orlowski/File Photo Join now for FREE unlimited access to Reuters.com Register FRANKFURT, June 15 (Reuters) – The European Central Bank’s rate-setting Board of Governors will hold an unscheduled meeting on Wednesday morning to discuss the recent sell-off in government bond … Read more

Fed risk crushes stocks; dollar, bond yields soar

NEW YORK, June 14 (Reuters) – Global stocks fell for the second straight day on Tuesday as government bond yields and the U.S. dollar clung to multi-year highs as inflation soared led investors to prepare for what could be the biggest US market. interest rate hike in 28 years this week. Surprisingly strong US inflation … Read more

Global stocks near 2022 lows on inflation fears

LONDON, June 13 (Reuters) – Global stocks fell to fresh 2022 lows and the Japanese yen slipped to levels not seen in nearly a quarter century on Monday as searing U.S. inflation fueled concerns about even more aggressive policy tightening in a big week for central banks. The significantly higher-than-expected U.S. CPI print on Friday … Read more

Malaysian companies refuse orders due to shortage of migrant labor

KUALA LUMPUR, June 13 (Reuters) – Malaysian companies from palm oil plantations to semiconductor makers are refusing orders and forgoing billions in sales, hampered by a shortage of more than a million workers which threatens the country’s economic recovery. Despite the lifting of the COVID-19 freeze on the recruitment of foreign workers in February, Malaysia … Read more