ECON

Oil prices bounce back from Tuesday tumble as supply concerns return

Crude oil storage tanks are seen from above at the Cushing oil hub, in Cushing, Oklahoma, March 24, 2016. REUTERS/Nick Oxford/File Photo Register now for FREE unlimited access to Reuters.com Register Oil rises nearly 3% before paring some gains Rate hikes, recession fears still capping price gains – analyst China reports new COVID cases across …

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Explainer: US yield curve inverts again: What is it telling us?

US dollar banknote in front of stock graph is seen in this illustration taken, June 12, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register NEW YORK, July 5 (Reuters) – A closely watched part of the US Treasury yield curve inverted again on Tuesday, as investors continue to price in the …

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Russian passes first vote on war economy measures

Russian lawmakers attend a session of the State Duma, the lower house of parliament, in Moscow, Russia January 16, 2020. REUTERS/Evgenia Novozhenina Register now for FREE unlimited access to Reuters.com Register Firms will have to gear production to war effort Employees can be made to work overtime LONDON, July 5 (Reuters) – The Russian government …

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Inflation at 24-yr high adds to strains in South Korea’s economy

A woman wearing a protective mask is seen at a fish market amid the coronavirus disease (COVID-19) outbreak continues in Seoul, South Korea April 5, 2020 REUTERS/Kim Hong-Ji Register now for FREE unlimited access to Reuters.com Register June inflation at highest since 1990s Asia financial crisis Foreign exchange reserves fall in June by most since …

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EXCLUSIVE China plans $75 bln infrastructure fund to revive economy -sources

Construction workers stand on scaffolding in front of high voltage power lines in Shanghai September 25, 2013. REUTER/Aly Song Register now for FREE unlimited access to Reuters.com Register BEIJING, July 5 (Reuters) – China will set up a state infrastructure investment fund worth 500 billion yuan ($74.69 billion) to spur infrastructure spending and revive a …

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No experience, no resume, you’re hired! Hotels fight for staff

DOHA/LISBON/MADRID, July 4 (Reuters) – Top European hotel chains are hiring workers without experience or even a resume as executives admit years of underpaying staff have come back to bite, leaving them unable to meet post-pandemic travel demand. Thousands of workers left the hospitality industry when international travel shut down during the COVID-19 pandemic. Many …

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Analysis: China casts giant shadow over emerging nations’ chase for debt relief

A Chinese flag flutters outside the Chinese foreign ministry in Beijing, China February 24, 2022. REUTERS/Carlos Garcia Rawlins Register now for FREE unlimited access to Reuters.com Register Poorer nations pay $35 bln in debt service in 2022 – World Bank Opacity, plethora of Chinese lenders to slow debt overhauls G20 Common Framework has not yet …

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