By Andy Bruce LONDON (Reuters) – British government bond issuance will fall closer towards pre-pandemic norms in the coming financial year, when the market’s biggest buyer over the last decade – the Bank of England – will move to the sidelines, according to a Reuters poll of primary dealers. The Debt Management Office’s 2022/23 gilt…
By Geert De Clercq and Shadia Nasralla PARIS/LONDON (Reuters) -French oil major TotalEnergies said on Tuesday it would not renew its Russian gasoil and crude oil supply contracts for its German refinery, but would source gasoil from Saudi Arabia and crude via Poland instead. The firm, with stakes in several Russian projects, has come under…
By Ann Saphir (Reuters) – San Francisco Federal Reserve Bank President Mary Daly said Tuesday she believes the “main risk” to the economy is from too-high inflation that could get worse as Russia’s invasion of Ukraine boosts oil prices and China’s crackdown on COVID-19 further disrupt supply chains. “It’s time to remove accommodation,” Daly said…
By Lawrence Delevingne BOSTON (Reuters) – U.S. stocks regained ground on Tuesday, while Treasury yields and Brent crude oil prices continued to climb, as investors adjusted their expectations for interest rate hikes following hawkish comments from the U.S. Federal Reserve. The Nasdaq led Wall Street’s main indexes higher, rising around 1.75%, as investors bought the…
LAUSANNE (Reuters) – Executives from the world’s largest trading houses and mining companies are at the FT Commodities Global Summit this week, discussing market trends, cyber security and the impact of Russia’s Ukraine invasion. MARCO DUNAND, CEO OF MERCURIA”How do you price forward natural gas if you don’t have a view about how things are…
By Devik Jain and Amruta Khandekar (Reuters) -The Nasdaq led Wall Street’s main indexes higher on Tuesday as investors bought the dip in technology stocks, while briefly taking in their stride a more aggressive tone by the Federal Reserve to raise the cost of borrowing to tame inflation. Bank shares, meanwhile, rose tracking a rise…
By Ananya Mariam Rajesh (Reuters) -Carnival Corp on Tuesday forecast a loss for the year as the U.S. cruise operator’s efforts to gradually restart operations after a long pandemic-led hiatus face a setback from a surge in fuel prices due to the Russia-Ukraine crisis. Analysts expect rising fuel costs to temper near-term operating results. Jefferies…
By Daphne Psaledakis WASHINGTON (Reuters) – U.S. Deputy Treasury Secretary Wally Adeyemo will travel to Europe next week to coordinate sanctions with allies over Russia’s assault on Ukraine and discuss next steps with partners, including targeting critical sectors of the Russian economy, a Treasury Department spokesperson told Reuters. Adeyemo will meet with counterparts responsible for…
By Lawrence Delevingne and Elizabeth Howcroft BOSTON/LONDON (Reuters) – U.S. stocks regained ground on Tuesday, while Treasury yields climbed and oil dipped, as investors adjusted their expectations for rate hikes following hawkish comments from the U.S. Federal Reserve. The Dow Jones Industrial Average rose 219.79 points, or 0.64%, to 34,772.78, the S&P 500 gained 45.91…
By Zandi Shabalala and Pratima Desai LONDON (Reuters) – The London Metal Exchange has no current plans to ban from its system metal from Russian producers, such as nickel and copper from Norilsk Nickel or aluminium from Rusal, it said on Tuesday, despite calls from some members to do so. Western countries have sanctioned Russian…
