By Ahmad Ghaddar LONDON (Reuters) -Oil prices rose sharply on Thursday, extending a rally from the previous session, on escalating unrest in OPEC+ oil producer Kazakhstan and supply outages in Libya. The global benchmark Brent crude futures rose $1.09, or 1.4%, to $81.89 a barrel, by 1054 GMT. U.S. West Texas Intermediate (WTI) crude futures…
By Marc Jones LONDON (Reuters) – Stock markets were deep in the red and some key government bond yields climbed to their highest in years on Thursday after the Federal Reserve signalled the possibility of faster-than-expected U.S. rate hikes and stimulus withdrawal. Both Asia and Europe’s bourses fell heavily after Wall Street’s tech-heavy Nasdaq plunged…
By Saikat Chatterjee LONDON (Reuters) – The U.S. dollar resumed its climb towards a recent 14-month high on Wednesday as minutes of the latest Federal Reserve policy meeting fuelled expectations of a U.S. rate increase as early as March. The Fed’s December meeting minutes showed officials had discussed shrinking the U.S. central bank’s overall asset…
By Mathieu Rosemain PARIS (Reuters) -France’s data privacy watchdog CNIL said on Thursday it had fined Alphabet’s Google a record 150 million euros ($169 million) for making it difficult for internet users to refuse online trackers known as cookies. Meta Platforms’ Facebook was also fined 60 million euros for the same reason, the CNIL said….
By Toby Sterling AMSTERDAM (Reuters) – A group of institutional investors representing $3.5 trillion in assets under management on Thursday called on pharmaceutical companies to link their executives’ pay to making COVID-19 vaccines available around the globe. While the majority of citizens of wealthy nations are vaccinated and many are now receiving booster shots, across…
By Florence Tan and Naveen Thukral SINGAPORE (Reuters) -Oil prices lost ground on Thursday, falling from their highest levels in more than a month after U.S. fuel stockpiles surged amid declining demand. The global benchmark Brent crude futures fell 63 cents, or 0.8%, to $80.17 a barrel, as of 0727 GMT. U.S. West Texas Intermediate…
BERLIN (Reuters) – Higher demand from abroad drove a bigger-than-expected rebound in German industrial orders in November, data showed on Thursday, in rare good news for manufacturers suffering from supply bottlenecks and labour shortages in Europe’s largest economy. Orders for goods ‘Made in Germany’ rose 3.7% on the month in seasonally adjusted terms after a…
By Scott Murdoch HONG KONG (Reuters) -Banks in Hong Kong are taking steps to lower the number of people at the workplace after operating at near full capacity for the past few months, as the city tightens curbs due to a spike in COVID-19 cases. Bank of America has encouraged its staff to work from…
By David Randall (Reuters) – Another barometer of Federal Reserve hawkishness is making a bigger appearance on investors’ dashboards: quantitative tightening. Minutes from the Fed’s December meeting released on Wednesday showed that officials had discussed shrinking the U.S. central bank’s overall asset holdings as well as raising interest rates sooner than expected to fight inflation,…
By Andrew Galbraith SHANGHAI (Reuters) – Asian shares fell on Thursday, extending a global slump after Federal Reserve meeting minutes pointed to a faster-than-expected rise in U.S. interest rates due to concerns about persistent inflation. Worries over higher U.S. rates combined with growing concerns about the rapid spread of the Omicron coronavirus variant to weigh…
