By Alex Lawler, Ahmad Ghaddar and Maha El Dahan LONDON (Reuters) -OPEC+ is likely to keep oil output quotas unchanged for October at a meeting on Monday, six OPEC+ sources said, though some sources would not rule out a small production cut to bolster prices that have slid on fears of an economic slowdown. The…
By Susanna Twidale and Nora Buli LONDON/OSLO (Reuters) -European gas prices rocketed as much as 30% higher on Monday after Russia said one of its main gas supply pipelines to Europe would stay shut indefinitely, stoking renewed fears about shortages and gas rationing in the European Union this winter. The benchmark gas price surged as…
LONDON (Reuters) -British luxury carmaker Aston Martin confirmed on Monday a 575.8 million pound ($659.75 million) rights issue, with backing from investors including Saudi Arabia’s sovereign wealth fund. The rights issue is part of a previously announced equity raise of 653.8 million pounds, which makes Saudi Arabia’s Public Investment Fund one of the company’s largest…
BEIJING (AP) — Global stock markets sank Monday as Europe faced a new squeeze on Russian gas supplies. London and Frankfurt opened lower. Tokyo, Hong Kong and South Korea fell while Shanghai gained. Oil prices rose more than $2 per barrel while the euro edged lower. Markets were roiled by Russian energy giant Gazprom’s announcement…
A look at the day ahead in European and global markets from Tom Westbrook As far as first days go, Monday is shaping as a doozy for Britain’s new Prime Minster. That’s widely expected to be Liz Truss, who’d begin as leader with gas prices poised to fly after Russia cancelled the weekend’s resumption of…
By Emily Chow KUALA LUMPUR (Reuters) -Oil prices jumped over $1 a barrel on Monday, extending gains as investors eyed possible moves by OPEC+ producers to cut output and support prices at a meeting later in the day. Brent crude futures rose $1.88, or 2%, to $94.90 a barrel by 0345 GMT after gaining 0.7%…
BEIJING (AP) — Asian stock markets declined Monday after Wall Street ended last week lower and China tightened anti-virus controls. Shanghai, Tokyo, Hong Kong and South Korea declined. Oil prices rose more than $1 per barrel while the euro edged lower. Wall Street’s benchmark S&P 500 index ended down 1.1% on Friday after U.S. government…
By Rae Wee SINGAPORE (Reuters) – The euro fell and was testing a two-decade low on Monday after Russia’s indefinite closure of its main gas supply pipeline to Europe stoked fears of energy shortages, high prices and a hit to growth, while the U.S. dollar index hit a 20-year high. The euro touched $0.9903 in…
By Wayne Cole SYDNEY (Reuters) – Asian shares slipped on Monday while the euro took a fresh spill after Russia shut a major gas pipeline to Europe, leading some governments there to announce emergency measures to ease the pain of soaring energy prices. The euro was down 0.4% at $0.9908 and looking likely to test…
TOKYO (Reuters) – Japan’s services sector activity shrank for the first time in five months in August as a resurgence of COVID-19 infections hurt demand, a business survey showed. The contraction shows that a recovery of the world’s third-largest economy remains fragile at best and is worrying at a time when the global growth outlook…
