The global oil market points to short-term weakness ahead of the EU embargo on Russian oil

NEW YORK (Reuters) – The global oil market is signaling a possible turnaround, as traders and analysts worry about lower demand for crude and an oversupply market in the coming months. After months of strength, crude oil futures are tipping to lows not seen all year as top oil consumer China enters additional COVID-19 lockdowns … Read more

Canada to enhance defense and cyber security in Indo-Pacific policy, focus on ‘disruptive’ China

OTTAWA, Nov. 27 (Reuters) – Canada launched its long-awaited Indo-Pacific strategy on Sunday, outlining C$2.3 billion ($1.7 billion) in spending to bolster military and cyber security in the region and pledging to engage with China. troubled.” While working with her on climate change and trade issues. The plan, detailed in a 26-page document, said Canada … Read more

New York Fed: Bank liquidity may be tighter than expected, with policy implications

Nov. 18 (Reuters) – The way the banking system manages its cash suggests that the financial system may not be as fluid as many now understand it, and that could have implications for how the Federal Reserve manages the size of its balance sheet, a paper from the Reserve Bank said. New York Fed on … Read more

Trump’s 2024 presidential bid was a new wrinkle for the markets

NEW YORK (Reuters) – Former President Donald Trump’s entry into the 2024 presidential race on Tuesday confirmed the world’s “worst-kept secrets” and created another variable for markets that some investors say remains a low priority for now. Trump, who has launched relentless attacks on voting integrity in the United States since his defeat in the … Read more

As the yen drops, gadget-loving Japan turns to used iPhones

TOKYO (Reuters) – For years Japanese shoppers have been eagerly waiting for the latest hardware, but now a weaker yen has put new iPhones out of reach for some and sparked a growing second-hand trade in a key market for Apple Inc. (AAPL.O). The Japanese currency’s slide to a 32-year low against the dollar has … Read more

Ukraine warns of more attacks on infrastructure, mayor urges Kyiv to prepare for the worst

Russia may be preparing for more attacks on energy sites – Zelensky 4.5 million Ukrainians without electricity as winter approaches Biden aide held talks with senior Russian officials Report: US urges Ukraine to open up to talks with Russia Kyiv/WASHINGTON (Reuters) – Ukrainian President Volodymyr Zelensky warned on Sunday of possible further Russian attacks on … Read more

China’s exports and imports shrink as coronavirus eases and global demand slows

October China’s exports and imports unexpectedly shrink Weak data is another blow to the faltering economy Global recession risks, curbing COVID in China darkens expectations Analysts expect further weakness in exports and imports BEIJING (Reuters) – China’s exports and imports unexpectedly contracted in October, the first simultaneous decline since May 2020, as rising inflation and … Read more

Texture deepens rush to China, undeterred by stagnation of luxury goods market

SHANGHAI (Reuters) – Baoji, a northwestern Chinese industrial city of 3 million people, doesn’t fit most people’s idea of ​​a luxury market. However, sometime soon, it will be home to US brand Coach store. The store is one of 30 stores in China that train Tapestry Inc (TPR.N) Jan Buzek, president of the company in … Read more

Bad report cards in US companies raise recession fears

Oct 25 (Reuters) – US technology giants Alphabet (GOOGL.O) and Microsoft (MSFT.O) for General Electric (GE.N) and game maker Mattel (MAT.O) On Tuesday, it reported a significant slowdown in growth or warned that things were only going to get worse, sparking recession fears and sending stocks lower. The series of disappointing results point to a … Read more

New Prime Minister Rishi Sunak has vowed to pull Britain out of the economic crisis

Sunak meets King Charles on Tuesday morning He pledges to rebuild confidence in the country It is expected to start forming the treasury Sunak faces a huge challenge to rebuild stability LONDON (Reuters) – Rishi Sunak became Britain’s third prime minister in two months on Tuesday, pledging to lead the country out of a deep … Read more