By Andrea Shalal and David Lawder WASHINGTON (Reuters) – World Bank President David Malpass on Wednesday said he would leave his post by the end of June, months after running afoul of the White House for failing to say whether he accepts the scientific consensus on global warming. Malpass, appointed by former President Donald Trump, …
By Sinéad Carew NEW YORK (Reuters) – The S&P 500 gave up earlier losses on Wednesday while the dollar was rising along with U.S. Treasury yields after data showed U.S. retail sales in January increased by the most in nearly two years, prompting concerns about continued interest rate hikes. After two straight monthly declines, the …
S&P edges up, dollar climbs with Treasury yields after strong economic data Read More »
By Scott DiSavino NEW YORK (Reuters) -Oil futures were flat to lower on Wednesday as the U.S. dollar strengthened and investors worried that rising interest rates would slow the economy and cut fuel demand. Oil’s losses were limited as the market discounted a big build in U.S. crude stocks due to a data adjustment and …
Oil little changed as market discounts big U.S. crude storage build Read More »
(Reuters) – The Biden administration announced new standards for building out a national electric vehicle charging network on Wednesday as part of a push to accelerate the adoption of electric vehicles (EVs). President Joe Biden previously committed to building a U.S. network of 500,000 EV chargers by 2030, and has now set the standards to …
Factbox-Potential winners and losers from the new U.S. EV charging standards Read More »
By Nell Mackenzie LONDON (Reuters) – Investments by global pension schemes fell to the smallest proportion in five years of overall hedge fund assets at the end of last year, a Goldman Sachs survey showed on Wednesday. Pension funds accounted for almost 30% of the wider hedge fund industry’s investors at the end of last …
Pension schemes’ share of hedge fund investments hits lowest in 5 years – Goldman Read More »
By Ron Bousso LONDON (Reuters) -BP has entered South Korea’s offshore wind sector after acquiring a stake in Norwegian group Deep Wind Offshore’s portfolio of projects in the country, as the British energy firm continues its expansion in the fast-growing renewables market. BP bought a 55% stake in Deep Wind Offshore’s early-stage offshore wind portfolio, …
By Swati Bhat and Gibran Naiyyar Peshimam MUMBAI/ISLAMABAD (Reuters) – Inflation in Pakistan could average 33% in the first half of 2023 before trending lower, and a bailout from the International Monetary Fund alone is unlikely to put the economy back on track, a senior economist with Moody’s Analytics told Reuters. “Our view is that …
Inflation in Pakistan could average 33% in H1 2023, says Moody’s economist Read More »
By Toby Sterling AMSTERDAM (Reuters) – ASML Holding NV on Wednesday warned growing global trade and export controls pose a threat to its business, but it does not expect new restrictions on exports to China to affect 2023 earnings. In a discussion of risks in its annual report, the top supplier of equipment to semiconductor …
ASML: trade war risks increasing, but no 2023 impact on China sales Read More »
By Noah Browning LONDON (Reuters) – China will make up nearly half of this year’s oil demand growth after it relaxed its COVID-19 curbs, the International Energy Agency (IEA) said on Wednesday, but restrained OPEC+ production could mean a supply deficit in the second half. “Supply from OPEC+ is projected to contract with Russia pressured …
Resurgent China will drive 2023 oil demand but deficit could loom – IEA Read More »
By Neha Arora and Aftab Ahmed NEW DELHI (Reuters) – India is drafting a proposal for G20 countries to help debtor nations badly hit by the economic fallout from the pandemic and Ukraine war, by asking lenders including China, the world’s largest sovereign creditor, to take a large haircut on loans. Two Indian government sources …
