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
SHENZHEN (Reuters) – Growing up in a Chinese village, Julian Zhou only saw his father a few times a year when he returned for a break from his grueling job at a textile factory in the southern province of Guangdong. For his father’s generation, working in factories was a lifeline out of rural poverty. For … Read more
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
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
Biden and Xi hold 3-hour Bali meeting before G20 summit Both leaders stress the need to put relations back on track Russia rejects reports of foreign minister being hospitalized Indonesia seeks tangible progress in the global economy in the G20 Ukraine’s Zelensky is scheduled to address the G20 on Tuesday NUSA DUA, Indonesia (Reuters) – … Read more
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
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
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
WASHINGTON (Reuters) – Household cash is near record levels in the United States, and consumers are using it to fill up restaurants, planes and buy new cars. Jobs are there to take it. Net wealth is 30% higher than it was before the pandemic, and even more so for those in the bottom half. People … Read more
China says Canada has broken trade and market rules Chinese company stocks fall Companies say don’t expect a huge impact on performance OTTAWA/BEIJING (Reuters) – Canada on Wednesday ordered three Chinese companies to liquidate their investments in Canada’s critical minerals, citing national security. In response, China accused Ottawa of using national security as an excuse … Read more
