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…
(Reuters) – A look at the day ahead in Asian markets from Jamie McGeever Wall Street’s lurch into the red late on Friday sets a negative tone for the open in Asia on Monday, a stark reminder that investors are still far more inclined to sell into pockets of strength in riskier assets right now…
(Reuters) – A look at the day ahead in Asian markets from Jamie McGeever Wall Street’s lurch into the red late on Friday sets a negative tone for the open in Asia on Monday, a stark reminder that investors are still far more inclined to sell into pockets of strength in riskier assets right now…
KYIV, Ukraine (AP) — Energy problems plagued Ukraine and Europe as much of the Russian-occupied region that’s home to a largely crippled nuclear power plant was reported temporarily in blackout Sunday. Only one of six reactors at the Zaporizhzhia facility was connected to the electricity grid, and Russia’s main pipeline carrying natural gas to Germany…
By Kanishka Singh and Akriti Sharma (Reuters) -Bed Bath & Beyond Inc’s chief financial officer fell to his death from New York’s Tribeca skyscraper known as the “Jenga” tower on Friday afternoon, police said on Sunday, days after the struggling retailer announced it was closing stores and laying off workers. Gustavo Arnal, 52, joined Bed…
By Supantha Mukherjee and Essi Lehto STOCKHOLM/HELSINKI (Reuters) -Finland and Sweden on Sunday announced plans to offer billions of dollars in liquidity guarantees to power companies in their countries after Russia’s Gazprom shut the Nord Stream 1 gas pipeline, deepening Europe’s energy crisis. Finland is aiming to offer 10 billion euros ($9.95 billion) and Sweden…
