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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
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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
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
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
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
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
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
BOJ must eventually ditch YCC, move to zero-rate policy – Momma Wage, economic strength key to when BOJ ends current policy US recession risk likely to keep BOJ from acting next year TOKYO, Nov 24 (Reuters) – Growing risks of a global economic slowdown will likely prevent the Bank of Japan (BOJ) from phasing out … Read more
SYDNEY, Nov 23 (Reuters) – Asian share markets were mostly in positive territory on Wednesday despite rising COVID-19 cases in mainland China leaving investors uncertain over how much the fresh outbreaks could slow the reopening of the world’s second-largest economy. MSCI’s broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) was up 0.3%, after US stocks … Read more
HONG KONG, Nov 22 (Reuters) – Chinese authorities are poised to impose a fine of more than $1 billion on Jack Ma’s Ant Group, said six sources with direct knowledge of the matter, setting the stage for ending the fintech company’s two-year long regulatory overhaul. The People’s Bank of China (PBOC), which has been driving … Read more