LONDON (Reuters) – Mixed signals by major OPEC producers and their main allies have sparked volatility in oil prices ahead of an OPEC+ oil policy meeting set to take place this weekend. Brent crude and U.S. West Texas Intermediate (WTI) futures ended last week over 1.5% higher, but fell by over 1% at 1047 GMT…
By Max Hunder and Dan Peleschuk KYIV (Reuters) – One woman was killed and at least 11 other people were hurt on Tuesday as Russia unleashed its third air attack in 24 hours on the Ukrainian capital Kyiv, the city’s mayor said. Officials in the city said more than 20 Russian drones had been shot…
By Nell Mackenzie and Harry Robertson LONDON (Reuters) – Wall Street was tipped for a strong open on Tuesday, while the cost of insuring against a U.S. debt default fell and the safe-haven dollar weakened in a sign of broad optimism across markets that a U.S. debt ceiling crisis might be averted. U.S. markets reopen…
HARARE (Reuters) – Zimbabwe’s treasury has announced measures to encourage the use of the local dollar as opposed to the U.S. dollar, in a bid to boost the local unit and tame rising consumer inflation. The measures include a directive that all government departments collect fees in the local currency, the introduction of a 1%…
By Anant Chandak and Vivek Mishra BENGALURU (Reuters) – The Reserve Bank of India (RBI) will leave its key interest rate unchanged at 6.50% on June 8 and for the rest of 2023 as it waits to see the economic impact of a series of hikes over the past year, a Reuters poll of economists…
By Steven Scheer and Ari Rabinovitch JERUSALEM (Reuters) -Israel’s monetary policy is currently restrictive and at an appropriate level given moderating inflation, but interest rates could rise further should the shekel’s depreciation continue, Bank of Israel Governor Amir Yaron said on Tuesday. Yaron said since the last interest rate decision on May 22, the shekel,…
SAO PAULO (Reuters) – Brazilian private equity firm Patria Investments Ltd raised 591.73 million reais ($118.27 million) in a secondary offering to sell shares in local gym chain SmartFit, a securities filing showed late on Monday. The offering of 32.6 million shares was priced at 18.15 reais each, a 1.5% discount to SmartFit’s closing price…
BEIJING (Reuters) – China will create a better market-oriented business environment for enterprises from all countries, including Tesla, China’s foreign minister Qin Gang said during a meeting with Tesla’s Elon Musk on Tuesday. China will continue to unswervingly promote high-level opening-up and strive to create a better international business environment, Qin told Musk, according to…
BEIJING (Reuters) – China will create a better market-oriented business environment for enterprises from all countries, including Tesla, China’s foreign minister Qin Gang said during a meeting with Tesla’s Elon Musk on Tuesday. China will continue to unswervingly promote high-level opening-up and strive to create a better international business environment, Qin told Musk, according to…
By Steve Holland WASHINGTON (Reuters) – When Kevin McCarthy was struggling early this year to get enough votes from his own Republicans to become Speaker of the House of Representatives, Democratic President Joe Biden called the prolonged saga a national embarrassment, then had a little fun. “I’ve got good news for you,” Biden said, pointing…
