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Breaking economic news, with reports on global stock markets, personal finance, businesses and technology.
(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…
St. Louis Fed president Alberto Musalem stated President Trump’s new tariffs might have a extra persistent impression on inflation, a departure from Fed Chair Jerome Powell’s “base case” that any value will increase might show to be “transitory.” “I’d be…
(Bloomberg) — Federal Reserve Financial institution of St. Louis President Alberto Musalem stated it’s not clear any inflationary impression from tariffs will show non permanent, and he cautioned that secondary results may immediate officers to carry rates of interest regular…
By Howard Schneider (Reuters) – Dangers have elevated that U.S. inflation will stall above the Federal Reserve’s 2% goal and even rise additional within the close to time period, with rising import taxes probably triggering extra persistent value pressures, St.…
