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Yields had ticked upward after the European Central Bank on Thursday hiked interest rates by 75 basis points, raising its deposit rate to 0.75% from zero, in a largely expected hawkish move to counter fast-rising inflation. Investors remain wary of a slowing economy and the Fed’s next moves on rate hikes, as policymakers imply further aggressive moves will likely […]
U.S. Federal Reserve Chair Jerome Powell takes questions during a news conference following a two-day meeting of the Federal Open Market Committee (FOMC) in Washington, U.S., June 15, 2022. REUTERS/Elizabeth Frantz/File Photo Register now for FREE unlimited access to Reuters.com Register WASHINGTON, July 27 (Reuters) – With the Federal Reserve expected to hike its key […]
BEIJING — Asian stock markets were mostly higher Tuesday as investors braced for another sharp interest rate hike by the Federal Reserve to cool inflation. Shanghai, Hong Kong and Seoul advanced. Tokyo edged lower. Oil rose more than $1 per barrel. Wall Street ended up 0.1% on Monday ahead of this week’s Fed meeting at […]
A motorist waiting for service at a gas station in Quezon City, Metro Manila, the Philippines, on Tuesday, July 12, 2022. Oil prices rose on Friday amid prospects of a less aggressive U.S. rate hike, although worries about a recovery in demand capped gains. Veejay Villafranca | Bloomberg | Getty Images Oil prices rose on […]
An aerial view shows an oil factory of Idemitsu Kosan Co. in Ichihara, east of Tokyo, Japan November 12, 2021, in this photo taken by Kyodo. Picture taken on November 12, 2021. Mandatory credit Kyodo/via REUTERS Register now for FREE unlimited access to Reuters.com Register July 15 (Reuters) – Oil prices rose in early Asian […]
Pump jacks pump oil at an oil field on the shores of the Caspian Sea in Baku, Azerbaijan, October 5, 2017. REUTERS/Grigory Dukor Register now for FREE unlimited access to Reuters.com Register SINGAPORE, July 14 (Reuters) – Oil prices were little changed on Thursday as investors weighed tight supplies against the prospect of a large […]
SCHLOSS ELMAU, Germany, June 27 (Reuters) – The Group of Seven rich democracies will commit on Tuesday to a new package of coordinated actions meant toraise pressure on Russia over its war in Ukraine, and will finalize plans for a price cap on Russian oil, a senior U.S. official said on Monday. The announcement came […]
An eagle tops the U.S. Federal Reserve building’s facade in Washington, July 31, 2013. REUTERS/Jonathan Ernst/File Photo Register now for FREE unlimited access to Reuters.com Register June 16 (Reuters) – An indicator of credit risk in the U.S. banking system may be showing signs of stress, as the Federal Reserve’s aggressive rate hike path . […]
Models of oil barrels and a pump jack are displayed in front of a rising stock graph and “$100” in this illustration taken February 24, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register Investors bet U.S Fed will announce a 75-basis-point rate hike
Former vice president urges activists to unite and seek solutions to the “twin crises of climate and racial justice.” (Richard Drew | The Associated Press)Former Vice President Al Gore, shown in 2019, is urging Black interfaith leaders and environmental activists to seek solutions to the “twin crises of climate and racial justice.” By Adelle M. […]