Stocks rise, US yields slip as markets await Fed rate hike

NEW YORK / MILAN, May 3 (Reuters) – A gauge of global equity markets edged higher on Tuesday while 10-year US Treasury yields slid from the 3% level as investors remained cautious, expecting the Federal Reserve to hike rates by the most in a single day since 2000 to curb inflation. Feeding inflation worries, data … Read more

Putin warns West of lightning retaliation; sanctions batter Russian economy

Putin warns of retaliation if West interferes Ukraine says Europe should stop depending on Russia France to host EU energy ministers on May 2 Russia denies energy blackmail Canada says Russian attacks are war crimes WARSAW / SOFIA / KYIV, April 28 (Reuters) – Russian President Vladimir Putin warned of lightning-fast retaliation if countries interfere … Read more

Russia cuts gas to Poland in what Ukraine condemns as ‘gas blackmail’

Gas supplies to Poland cut; no word on Bulgaria Ukraine accuses Russia of blackmailing Europe Germany sends tanks to Ukraine Farmers wear body armor to plow fields WARSAW / SOFIA / KYIV, April 27 (Reuters) – Russia halted gas supplies to Poland under the Yamal contract on Wednesday, data from the European Union network of … Read more

Economic fears hit global equities, commods; Twitter lifts Wall St.

WASHINGTON / LONDON, April 25 (Reuters) – European stocks slid to a one-month low and commodity prices dropped on Monday on renewed concerns about rising interest rates and China’s sputtering economy, while Wall Street shares rose, reversing losses after Twitter agreed to be bought by billionaire Elon Musk. Fears over China’s COVID-19 outbreaks spooked investors … Read more

Indonesia’s palm oil export ban leaves global buyers with no plan B

People shop for cooking oil made using palm oil at a supermarket in Jakarta, Indonesia, March 27, 2022. REUTERS / Willy Kurniawan Register now for FREE unlimited access to Reuters.com Register All vegetable oil prices set to jump on supply disruption Buyers can’t replace Indonesian palm oil shortfall Soyoil, canola oil supply hit by drought, … Read more

Oil prices fall 5% after IMF cuts growth outlook

Storage tanks are seen at Marathon Petroleum’s Los Angeles Refinery, which processes domestic & imported crude oil into California Air Resources Board (CARB), gasoline, diesel fuel, and other petroleum products, in Carson, California, US, March 11, 2022. Picture taken with a drone. REUTERS / Bing Guan Register now for FREE unlimited access to Reuters.com Register … Read more

Global shares pause on inflation view; oil steady on Ukraine

A broker looks at financial information on computer screens on the IG Index the trading floor in London, Britain February 6, 2018. REUTERS / Simon Dawson Register now for FREE unlimited access to Reuters.com Register MSCI World Index flat; Asia ex-Japan index up 0.6% Oil slips back on weak China, Japan data UK inflation hits … Read more

Biden to tap ethanol to lower fuel prices as consumer inflation surges

US President Joe Biden returns a salute as he steps from Marine One upon arrival at the White House in Washington, US, April 11, 2022. REUTERS / Kevin Lamarque Register now for FREE unlimited access to Reuters.com Register WASHINGTON, April 12 (Reuters) – US President Joe Biden will unveil plans on Tuesday to extend the … Read more

Big Oil to tell Congress markets, not companies, set fuel prices-testimony

Gasoline drips out of a nozzle held by a gas station mechanic in Somerville, Massachusetts, US, March 7, 2022. REUTERS / Brian Snyder / File Photo Register now for FREE unlimited access to Reuters.com Register WASHINGTON, April 5 (Reuters) – US oil executives will tell Congress on Wednesday they are boosting energy output and no … Read more

Stocks slip, bonds hit as bets on Fed action rise

The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, February 28, 2022. REUTERS / Staff Register now for FREE unlimited access to Reuters.com Register US treasury yields hit multi-year highs Dollar at its strongest in nearly two years Fed minutes eyed as bets on big rate hike increase … Read more