Dollar wavers with ECB minutes and Friday’s US jobs data in focus

Dollar struggles to hold Wednesday’s surge ECB minutes eyed Oil price rise increases stress on euro and sterling, boosts exporters SYDNEY/LONDON, Oct 6 (Reuters) – The dollar wobbled lower on Thursday, resuming its slide from earlier in the week, as investors looked ahead to US labor and inflation data for any sign of softness that … Read more

Stocks slip, yields climb on oil, economy worries

Wall Street shrinks earlier losses, still lower Oil gains as OPEC+ approves deep supply cuts Dollar rebounds, up over 1% WASHINGTON Oct 5 (Reuters) – A two-day stock rally lost steam Wednesday, as Wall Street turned lower and Treasury yields regained ground as the prospect of higher oil prices and continued Federal Reserve rate … Read more

Stocks soar, yields slide on hints of cooling economy

Investors start to mull central bank ‘pivot’ on rates Dollar falls for the fifth day Gold hits 3-week high WASHINGTON, Oct 4 (Reuters) – US stocks and oil on Tuesday posted strong gains for a second straight day while US Treasury yields slid as investors wondered if global efforts by central banks to fight inflation … Read more

Marubeni gets $3 billion from Gavilon grain business sale

TOKYO, Oct 4 (Reuters) – Japanese trading company Marubeni Corp (8002.T) said on Tuesday it had so far received $3 billion from the sale of US unit Gavilon’s grain business to commodities trader Glencore Plc’s (GLEN.L) Viterra arm. Under the deal, which was announced in January and completed on Monday, Marubeni had received $3 billion … Read more

GLOBAL ECONOMY Asia’s factory activity weakens on global slowdown, cost pressures

Japan Aug PMI marks weakest growth since Jan last year Manufacturing activity shrinks in Taiwan, Malaysia Slowing China, US demand weighing on Asia’s economies TOKYO, Oct 3 (Reuters) – Asia’s factory output mostly weakened in September as slowing demand in China and advanced economies added to the pain from persistent cost pressures, surveys showed on … Read more

Peru proposes ‘new approach’ to mining to combat economic disparities, conflicts.

LIMA, Sept 30 (Reuters) – Peru’s government proposed on Friday “a new approach” for mining companies to end social gaps and avoid conflicts in the sector, a measure taken after several conflicts in the country in recent months. Prime Minister Anibal Torres said during a conference between executives of large mining firms that the new … Read more

Australia backs $2.9 billion urea plant with low-cost financing

MELBOURNE, Sept 30 (Reuters) – The Australian government has agreed to provide a low-cost loan of A$220 million ($143 million) to privately owned Perdaman to build a A$4.5 billion urea plant in Western Australia, the country’s resources minister said on Friday. Perdaman plans to build a 2-million-tonnes-a-year urea plant, aiming to export about half the … Read more

Australian job vacancies dip from record highs in August quarter

SYDNEY, Sept 29 (Reuters) – Job vacancies in Australia eased from all-time highs in the August quarter as positions were filled in the private sector, but openings remained more than double pre-pandemic levels and almost matched the number of unemployed. Figures from the Australian Bureau of Statistics (ABS) out on Thursday showed vacancies in the … Read more

Stocks slump to 2-year low as rates reality bites

A man is silhouetted in front of a board displaying the Japanese yen exchange rate against the US dollar outside a brokerage, after Japan intervened in the currency market for the first time since 1998 to shore up the battered yen, in Tokyo, Japan September 22, 2022. REUTERS/Kim Kyung-Hoon Register now for FREE unlimited access … Read more

Coles to sell fuel and convenience business to Viva Energy for $200 mln

Logo of refiner and fuel distributor Viva Energy, is pictured in Corio, Victoria, Australia, June 28, 2020. REUTERS/Sonali Paul Register now for FREE unlimited access to Register Sept 21 (Reuters) – Coles Group (COL.AX) has agreed to sell its fuel and convenience retailing unit to power producer Viva Energy (VEA.AX) for A$300 million ($200.64 … Read more