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Breaking economic news, with reports on global stock markets, personal finance, businesses and technology.
(Bloomberg) — US President Donald Trump’s commerce battle dangers turning highly effective influences that helped ease inflation over many years in the other way. “A few of the forces that helped the disinflation within the Nineties and the Nineteen Eighties…
BELGRADE (Reuters) – Serbian oil firm NIS, majority-owned by Russia’s Gazprom Neft and Gazprom, is more likely to get a last-minute, 30-day extension to its waiver from U.S. sanctions, the CEO of state fuel firm Srbijagas stated on Thursday. The…
By Jarrett Renshaw NEW YORK (Reuters) – U.S. President Donald Trump’s administration has requested oil and biofuels producers to hash out a deal on the subsequent section of the nation’s biofuels coverage to keep away from the type of political…
(Bloomberg) — Norway’s central financial institution delayed a long-communicated minimize in borrowing prices till later this 12 months as officers responded to a flare-up in inflation. Norges Financial institution held the deposit fee at 4.5%, the best in additional than…
(Bloomberg) — Cnooc Ltd. posted larger annual earnings, as development in vitality output offset weaker costs. China’s largest offshore oil and fuel driller mentioned internet earnings rose to 137.9 billion yuan ($19 billion) in 2024, from 123.9 billion yuan the…
The Fed has a brand new favourite phrase: ‘Uncertainty’ The one certainty for Federal Reserve policymakers for the time being is that there’s a excessive stage of uncertainty concerning the US financial outlook.
(Bloomberg) — The US has filed a civil forfeiture criticism for $47 million in proceeds from the sale final yr of round 1 million barrels of oil allegedly from Iran, which was saved in Croatia. The criticism alleges a scheme…
By Katya Golubkova TOKYO (Reuters) – Oil costs nudged increased on Thursday on issues about tighter international provide after the U.S. tariff menace on Venezuelan oil consumers, whereas market gamers additionally grappled with the influence of Donald Trump’s newest announcement…
(Bloomberg) — Oil held a acquire after US crude inventories fell essentially the most since December, signaling the prospect for near-term provide tightness. Brent traded close to $74 after closing 1.1% larger on Wednesday, whereas West Texas Intermediate was beneath…
Adobe Firefly, Tyler Le/BI HSBC is the newest massive financial institution to chop its outlook for shares in 2025. Strategists mentioned the chance of a possible recession and weak financial knowledge are weighing on the outlook. Citi additionally downgraded its…
