Venezuela’s oil exports in Sept boosted by sales to China, swaps with Iran

HOUSTON, Oct 4 (Reuters) – More shipments to Asia through intermediaries and growing cargo swaps with Iran drove Venezuela’s oil exports in September to their third highest level this year, internal documents and tanker tracking data showed. The OPEC-member nation’s oil exports were volatile earlier this year due to a lack of diluents required to … Read more

US investors brace for more wild market gyrations after dizzying Q3

NEW YORK, Sept 30 (Reuters) – In a year of wild market swings, the third quarter of 2022 was a time when events took a truly extraordinary turn. As the Federal Reserve ratcheted up its monetary policy tightening to tame the worst inflation in decades, US Treasury yields shot to their highest levels in more … Read more

Scale of UK’s market slide spells out home truths

LONDON, Sept 29 (Reuters) – This week’s plunge in UK financial assets accelerated a longer historic decline signaling a loss of confidence among international investors that Britain may find hard to restore. Markets have been in turmoil since finance minister Kwasi Kwarteng outlined a new economic agenda last Friday. The pound fell to a record … Read more

Tech IPO market faces worst year since global financial crisis

Sept 29 (Reuters) – Initial public offerings by US tech companies have sunk to their lowest levels since the global financial crisis of 2008, as stock market volatility, soaring inflation, and interest rate hikes have soured investor sentiment towards new listings. According to Refinitiv data, only 14 tech companies have floated their shares on stock … Read more

US stock market: Is it a bull, a bear, or a bull in a bear?

The Charging Bull statue, also known as the Wall St. Bull, is pictured in the financial district in the Manhattan borough of New York City, New York, US, September 9, 2020. REUTERS/Carlo Allegri Register now for FREE unlimited access to Reuters.com Register Aug 11 (Reuters) – The US stock market’s rebound in recent weeks has … Read more

Copper speculators anticipate a downturn for the market and the world

LONDON, Aug 11 (Reuters) – Speculators in the copper market, seen as an indicator of the health of the economy, are betting a global downturn means the metal used in power and construction has further to fall, despite its recent rebound. The latest data shows more funds with bearish positions than bullish copper positions on … Read more

US housing cooldown is recession red flag for markets

Carpenters work on building new townhomes that are still under construction while building material supplies are in high demand in Tampa, Florida, US, May 5, 2021. REUTERS/Octavio Jones Register now for FREE unlimited access to Reuters.com Register NEW YORK, July 25 (Reuters) – With the Federal Reserve set to jack up interest rates again this … Read more

US power companies face a supply-chain crisis this summer

June 29 (Reuters) – US power companies are facing supply crunches that may hamper their ability to keep the lights on as the nation heads into the heat of summer and the peak hurricane season. Extreme weather events such as storms, wildfires and drought are becoming more common in the United States. Consumer power use … Read more

Bank of Canada makes a splash with developed economies’ first 100 pointer

July 13 (Reuters) – The Bank of Canada on Wednesday delivered the first 100-basis-point rate increase among the world’s advanced economies in the current policy-tightening cycle as officials there eyeballed “higher and more persistent” inflation. read more In delivering their largest rate increase since 1998, BOC policymakers also noted the increased risk of price increases … Read more

Argentina’s new economy chief sworn in, tries to calm nervous markets

BUENOS AIRES, July 4 (Reuters) – Argentina’s new economy minister Silvina Batakis was sworn in on Monday and quickly moved to calm markets that slid after the shock resignation of her predecessor on fears his exit would spark a shift towards more populist policies and state spending . The closely watched black market peso plunged … Read more