By Laura Sanicola (Reuters) -Oil prices settled up by over $2 per barrel on Wednesday on signs of tighter supply, a weaker dollar and optimism over a Chinese demand recovery. Capping gains, the OPEC+ decision to hold its Dec. 4 meeting virtually signals little likelihood of a policy change, a source with direct knowledge of …
Oil settles up $2 on tighter supply; OPEC+ talks limit gains Read More »
By Andrea Shalal WASHINGTON (Reuters) – The International Monetary Fund sees scope for a further gradual, safe recalibration of China’s zero-COVID policy that could allow economic growth in the country to pick up in 2023, an IMF spokesperson said on Wednesday. China’s strict containment measures in Shanghai and elsewhere dampened domestic economic activity in the …
IMF sees scope for growth from recalibration of China’s zero-COVID policy Read More »
By David Lawder NEW YORK (Reuters) – U.S. Treasury Secretary Janet Yellen said on Wednesday that businesses reviewing their supply chains should be mindful of the geopolitical risks surrounding China’s threats to Taiwan as well as other Chinese practices that have raised U.S. national security concerns. Yellen told the New York Times DealBook Summit in …
Yellen says appropriate for U.S. firms to assess China geopolitical risks Read More »
(Reuters) -BHP Group Ltd Chief Executive Mike Henry told the Reuters NEXT conference on Wednesday that “all fundamentals are in place” in China for continued economic growth over the next 20 years. China, the world’s second biggest economy, accounts for more than 50% of global demand for raw materials. Its economic activity has this year …
BHP’s CEO expects Chinese economic growth to continue Read More »
(Changes one of the bylines; no changes to text of story) By Aftab Ahmed and Manoj Kumar NEW DELHI (Reuters) – India posted annual economic growth of 6.3% in its July-September quarter, less than half the 13.5% growth in the previous three months as distortions caused by COVID-19 lockdowns faded in Asia’s third-largest economy. Gross …
India GDP growth halves in September quarter as COVID distortions pass Read More »
(Corrects 2023 price forecast for Brent to $93.65 from $95.56 in paragraph 2; also corrects forecast for U.S. crude to $95.56 from $95.47 for 2022 and to $87.80 from $87.40 for 2023 in paragraph 3) By Seher Dareen (Reuters) – Brent oil prices will hold above the $100 level for the rest of 2022 as …
Economic headwinds set to push oil below $100 in 2023: Reuters poll Read More »
(Reuters) -Warner Bros Discovery-owned CNN’s top boss Chris Licht informed employees in an all-staff memo on Wednesday that layoffs are under way, according to an email seen by Reuters. Licht said CNN would notify a limited number of individuals, largely some of its paid contributors on Wednesday and the impacted employees on Thursday, according to …
CNN informs employees that layoffs are under way – memo Read More »
KUALA LUMPUR (Reuters) – Malaysia has maintained its December export tax for crude palm oil at 8% and raised its reference price, a circular on the Malaysian Palm Oil Board website showed on Wednesday. The world’s second-largest palm exporter calculated a reference price of 3,847.24 ringgit ($866.50) per tonne for December. The November reference price …
Malaysia keeps December crude palm oil export duty at 8% Read More »
MUMBAI (Reuters) – Sri Lanka is targeting 2026 as the year to return to its pre-crisis growth levels, state finance minister Shehan Semasinghe said in an interview at the Reuters NEXT conference on Wednesday. Sri Lanka’s financial turmoil, its worst since independence from Britain in 1948, stems from economic mismanagement as well as the COVID-19 …
REUTERS NEXT: Sri Lanka aims to return to pre-crisis growth by 2026 – minister Read More »
(Reuters) – Capital A Berhad, the parent of Malaysian budget airline AirAsia, reported a narrower third-quarter operating loss on Wednesday, buoyed by a strong rebound in travel demand and the easing of pandemic-related restrictions in Southeast Asia. The company posted an operating loss of 563.9 million ringgit ($127.00 million) for the three months ended Sept. …
AirAsia parent narrows Q3 loss on strong demand recovery Read More »
