“We are not your enemies,” said South Korean truck drivers who are on strike to protect the minimum wage

AUWANG, South Korea, Dec. 5 (Reuters) – Inside five white tents outside the Uwang Container Depot near Seoul, about 200 striking truck drivers are huddled around gas heaters, trying to beat the bitter cold and the government says they are well-paid. “The labor aristocracy…” They are all fully aware of the impact their strike has … Read more

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

Asian stocks mixed amid Fed warning, China hopes

https://tmsnrt.rs/2zpUAr4 Federal Reserve Chairman Waller underestimates the CPI as just a single number Beijing offers property support, COVID steps Biden will meet with Xi at the G20 meeting SYDNEY (Reuters) – Asian stock markets were mixed on Monday as a major US central bank warned investors to stay away from single-digit inflation, while Chinese stocks … Read more

Morning Show: Consumer Inflation, Crypto Deflation

A look at the day ahead in the US and global markets from Mike Dolan. Wall Street shuddered after this week’s inconclusive US midterm elections, but Wednesday’s sharp market losses were due to an internal meltdown in crypto assets, severe tech sector troubles and fear ahead of a major US inflation update on Thursday. Annual … Read more

How Joe Biden Can Help Save the Planet at COP27

TINOS (Reuters) – Joe Biden and other leaders of rich countries will get plenty of criticism from poor countries when they arrive at the United Nations climate conference in Egypt later this week. But if the president of the United States joins his current policies across geopolitics, trade and climate, he could change the narrative. … Read more

Venezuela’s Oil Partners Head to Exit, Ditching Unpaid Debt

CABIMAS, Venezuela, Oct 27 (Reuters) – Venezuela is allowing joint venture partners of state oil company PDVSA to leave — by selling or giving back their shares to others — as long as they default on past debts and unpaid profits, closing four people. He said for the matter. Having to take a loss or … Read more

Western officials finalize Russia’s plans to cap oil prices

WASHINGTON (Reuters) – US and Western officials are finalizing plans to put a cap on Russian oil prices amid a warning from the World Bank that any plan would need the active participation of emerging market economies to be effective. Officials said no price range has been set yet, but someone familiar with the process … Read more

Dollar weather suspected yen intervention, China data mixed

https://tmsnrt.rs/2zpUAr4 The dollar was affected against the yen due to the suspected intervention of the Bank of Japan Asian stocks rise with Wall Street, major profits loom Chinese GDP beat expectations but retail sales disappoint Stg up a bit as Boris Johnson exits PM . race SYDNEY (Reuters) – The dollar escaped another suspected explosion … Read more

Russia bombs houses near the southern front of Ukraine

Russian Minister: Ukraine may use a ‘dirty bomb’ A rocket hit an apartment building in Mykolaiv Ukrainian forces on the offensive in the Kherson region Kherson is a gateway to the Crimea, annexed by Russia Mykolaiv, Ukraine (October 23) (Reuters) – Under pressure in southern Ukraine, Russia fired missiles and drones at the Ukraine-controlled city … Read more

UN officials say gang siege in Haiti is causing catastrophic starvation

MIAMI (Reuters) – Haitians are suffering from catastrophic starvation as gang members have besieged a major gas station, United Nations officials said on Friday, while more than four million people face acute food insecurity. A coalition of gangs blocked the distribution of diesel and gasoline for more than a month in protest of a plan … Read more