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Breaking economic news, with reports on global stock markets, personal finance, businesses and technology.
By Harry Robertson LONDON (Reuters) – Merchants who guess on the long run course of inflation foresee the sharpest divergence for 3 years between the U.S. and euro zone, pushed by totally different progress paths, tariff threats and cheaper European…
By Yuka Obayashi TOKYO (Reuters) – Oil costs edged up from two-month lows on Thursday after U.S. President Donald Trump introduced a reversal of a license given to Chevron to function in Venezuela, probably tightening crude provide. Brent crude oil…
By Marianna Parraga HOUSTON (Reuters) – Because it first imposed sanctions on Venezuela’s vitality sector in 2019, america has granted particular person licenses to some oil firms that enable them to export the South American nation’s oil to particular locations.…
HOUSTON (Reuters) – U.S. imports of crude oil from Venezuela averaged 222,000 barrels per day (bpd) within the first 11 months of 2024, based on U.S. Vitality Info Administration information, making it the fourth largest crude provider to america. Whereas…
(Bloomberg) — Oil steadied close to the bottom shut this 12 months, with tariff threats from US President Donald Trump and a variety of provide points in focus. West Texas Intermediate traded under $69 a barrel after shedding nearly 3%…
President Donald Trump threatened new tariffs on the European Union on Wednesday, disparaging the bloc and widening his commerce battle throughout the Atlantic. “We’ve got decided,” Trump mentioned throughout a cupboard assembly Wednesday afternoon. “We’ll be saying it very quickly,…
(Bloomberg) — President Donald Trump mentioned he plans to revoke an oil license to function in Venezuela, citing the nation’s failure to take again migrants to the US as rapidly because it promised. The US president referred to a concession…
KYIV, Ukraine (AP) — A preliminary financial settlement between Ukraine and the USA would guarantee long-term U.S. involvement in rebuilding the nation, however the deal leaves the query of safety ensures sought by Kyiv to future negotiations. In line with…
(Bloomberg) — Buyers in US authorities bonds are beginning to guess the Federal Reserve will quickly have to pivot from worrying about sticky inflation to fretting about slowing financial progress. That sentiment helped drive Treasury yields to their lowest ranges…
Veterans are getting laid off from federal jobs. Midwest Farmers cannot faucet promised authorities funding. Medicaid enrollees in pink states are worrying about dropping well being protection. The looming risk of tariffs would additionally hit GOP-voting districts onerous if President…