OPEC+ opens oil taps gradually as Russian war roils markets
LONDON (AP) — OPEC and allied oil-producing countries decided Thursday to gradually increase the flows they send to the world,…
May 5, 2022
Bank Of England Set For 4th Straight Rate Hike To Fight Inflation
By William Schomberg LONDON (Reuters) – The Bank of England looks poised to raise interest rates on Thursday for the…
German Industrial Orders Fall As Ukraine War Dampens Demand
BERLIN (Reuters) -German industrial orders fell more than expected in March, driven mainly by a reduction in orders from abroad…
Shell Posts Record Quarterly Profit, Lifted By Energy Price Surge
By Ron Bousso and Shadia Nasralla LONDON (Reuters) -Shell on Thursday reported a record first-quarter profit of $9.13 billion, boosted…
Turkey’s Inflation Surges To 20-year High Of 70% In April
ISTANBUL (Reuters) – Turkey’s annual inflation jumped to 69.97% in April, above forecast and at a two-decade high, according to…
ArcelorMittal Increases Buyback Program, Sees Global Steel Dip
By Marine Strauss BRUSSELS (Reuters) – ArcelorMittal reported higher-than-expected core profit in the first quarter on Thursday, but said it…
Oil Climbs Higher On Supply Jitters As EU Lays Out Russian Oil Ban
By Florence Tan (Reuters) – Oil prices extended gains on Thursday on supply concerns as the European Union proposal laid…
Shell Posts Record Profit On High Energy Prices And Trading Boost
LONDON (Reuters) – Shell reported on Thursday a profit of $9.13 billion in the first quarter, its highest ever, boosted…
Asian stocks follow Wall St down as rate hike worries grow
BEIJING (AP) — Asian stocks followed Wall Street lower Friday as fears spread that U.S. interest rate hikes to fight…
Air France-KLM Beats Earnings Forecasts As Summer Bookings Take Off
PARIS (Reuters) – Air France-KLM posted a first-quarter core profit that landed ahead of its own forecasts, fuelled by a…