Global oil market signals short-term weakness ahead of EU ban on Russian oil

Global oil market signals short-term weakness ahead of EU ban on Russian oil

NEW YORK, Nov 28 (Reuters) – The global oil market is signaling a potential shift, as traders and analysts worry about reduced crude demand and an oversupplied market in the coming months. After months of strength, crude futures are flirting with lows not seen all year as top oil consumer China enters additional COVID-19 lockdowns … Read more

INDIA Rupee, bond yields to stay rangebound in data-heavy week

INDIA Rupee, bond yields to stay rangebound in data-heavy week

MUMBAI, Nov 28 (Reuters) – The Indian rupee and government bond yields are expected to continue to hold their narrow trading ranges this week, with investors bracing for a jump in volatility due to multiple economic data releases at home and in other major countries. The rupee ended unchanged at 81.6850 per US dollar last … Read more

UK housing market seen facing further ‘mini-budget’ fallout

LONDON, Nov 28 (Reuters) – British property market activity stalled in October and house price growth slowed to its lowest quarterly level since February 2020 due to a disastrous “mini-budget” and a cost-of-living crisis, a survey released on Monday shown. Zoopla’s house price index said the October slowdown was in part due to the economic … Read more

BOJ to conduct annual survey on climate finance to nurture ESG market

Climate change has big impact on economy, inflation – Amamiya Aug survey showed strong demand for green bonds – BOJ Amamiya BOJ’s climate scheme has extended $26 billion in loans TOKYO, Nov 27 (Reuters) – Bank of Japan (BOJ) Deputy Governor Masayoshi Amamiya said on Sunday the central bank will conduct a survey annually of … Read more

Venezuela’s frozen funds to be gradually released for humanitarian aid

MEXICO CITY, Nov 26 (Reuters) – Venezuela’s government and opposition have asked the United Nations to manage a fund for trillions of dollars now held in foreign banks, which will be gradually unfrozen to combat a humanitarian crisis in the oil-rich nation, delegates announced in Mexico City on Saturday. Sources told Reuters last month the … Read more

India’s first private rocket company looks to slash satellite costs

BENGALURU, Nov 26 (Reuters) – The startup behind India’s first private space launch plans to put a satellite into orbit in 2023 and expects to be able to do so at half the cost of established launch companies, the founders of Skyroot Aerospace told Reuters in an interview. The Hyderabad-based company, backed by Singapore’s sovereign … Read more

Exclusive: Poland seeking German support to sanction Russian Druzhba oil pipeline

WARSAW, Nov 25 (Reuters) – Poland is seeking German support to slap EU sanctions on the Polish-German section of the Druzhba crude pipeline so Warsaw can abandon a deal to buy Russian oil next year without paying penalties, two sources familiar with the talks said. The sources also said the pair were nearing an agreement … Read more

Nasdaq ends down as investors eye Black Friday sales, China infections

Retailers in focus as Black Friday sales start Activision down on likely FTC lawsuit to block Microsoft deal Apple ties, Foxconn China plant sees lower shipments Indexes: Dow up 0.45%, S&P 500 down 0.03%, Nasdaq down 0.52% Nov 25 (Reuters) – The Nasdaq closed lower on Friday with pressure from Apple Inc (AAPL.O) in a … Read more

Analysis: Out of fashion: Gucci faces daunting task to replace top designer

PARIS, Nov 25 (Reuters) – The abrupt departure from Gucci of Alessandro Michele, the flamboyant designer who was a favorite of Harry Styles and Lady Gaga, increases pressure on owner Kering ( PRTP.PA ) as it faces slowing revenue growth at the Italian fashion house. News of the creative director’s exit after seven years comes … Read more

Atlantia exit highlights Milan’s battle to retain market heavyweights

Atlantia to be delisted after buyout Many Italian companies steer clear of the stock market Authorities seeking to boost standing of Borsa Italiana MILAN, Nov 25 (Reuters) – The buyout of Atlantia (ATL.MI) will cut another 19 billion euros ($19.5 billion) from the value of the Milan bourse and bring to 12 the number of … Read more