IN

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 …

Oil prices bounce back from Tuesday tumble as supply concerns return Read More »

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 …

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

India imposes windfall tax on oil producers, fuel exporters

Oil tankers are seen parked at a yard outside a fuel depot on the outskirts of Kolkata February 3, 2015. REUTERS/Rupak De Chowdhuri Register now for FREE unlimited access to Reuters.com Register India levies windfall tax of 23,250 rupees/T on oil producers Imposes export tax of 6 rupees/liter on gasoline and jet fuel Imposes 13 …

India imposes windfall tax on oil producers, fuel exporters Read More »

Wall Street ends first day of third quarter with solid rebound

US factory activity decelerates more than expected in June Micron’s downbeat forecast prompts chip sell-off Kohl’s tumbles after calling off sale to Franchise Group Indexes up: Dow 1.05%, S&P 1.06%, Nasdaq 0.90% NEW YORK, July 1 (Reuters) – Wall Street bounced back to a sharply higher close in light trading on Friday as investors embarked …

Wall Street ends first day of third quarter with solid rebound Read More »

GM calls off plan to sell India car plant to China’s Great Wall

The new GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, US, March 16, 2021. REUTERS/Rebecca Cook/File Photo Register now for FREE unlimited access to Reuters.com Register NEW DELHI/SHANGHAI, July 1 (Reuters) – General Motors (GM) (GM.N) said on Friday it had called off the sale of a shuttered …

GM calls off plan to sell India car plant to China’s Great Wall Read More »

US inflation data offer no quick relief to Fed, but hint at a peak

WASHINGTON, June 30 (Reuters) – New US data for May showed little immediate relief from the record pace of inflation pushing the Federal Reserve toward another oversized interest rate increase next month, but it did add to a sense that the may be over . Inflation as measured by the personal consumption expenditures price index …

US inflation data offer no quick relief to Fed, but hint at a peak Read More »

Column: Global business cycle starts to turn down: Kemp

An aerial view shows containers and cargo vessels at the Qingdao port in Shandong province, China May 9, 2022. China Daily via REUTERS Register now for FREE unlimited access to Reuters.com Register LONDON, June 30 (Reuters) – Global manufacturing activity and freight movements have begun to decelerate as the major shipping buckle under the combined …

Column: Global business cycle starts to turn down: Kemp Read More »