By Laura Sanicola (Reuters) – Oil prices settled sharply higher on Thursday, rebounding from steep losses the previous two sessions, as investors returned their focus to tight supply despite nagging fears of a potential global recession. Brent crude futures were up $3.96, or 3.9%, at $104.65 a barrel. U.S. WTI crude futures climbed $4.20, or …
Oil settles up nearly $4 as tight supply outweighs recession fears Read More »
By Herbert Lash NEW YORK (Reuters) – The dollar was little changed after the euro briefly slid to a new two-decade low on Thursday, and sterling held to gains after Boris Johnson said he was quitting as British prime minister. Investors await U.S. jobs data on Friday and the consumer price index next week, which …
Dollar little changed as traders await key U.S. data Read More »
LONDON (Reuters) -Stuart Kirk, the global head of responsible investing at HSBC Asset Management, has resigned from his role, according to a post attributed to him on professional networking site LinkedIn on Thursday. Kirk was suspended by HSBC in May after he said central bank policymakers and other global authorities had exaggerated the financial risks …
HSBC’s head of responsible investing quits after climate speech controversy Read More »
By David Lawder WASHINGTON (Reuters) – The U.S. Export-Import Bank plans “aggressive” measures to restore its standing in the business community and to bump up credit volumes running at roughly a quarter of their levels from 2014 before it was hobbled first by Congress and then a global pandemic, the bank’s new president said. In …
U.S. EXIM Bank chief plans ‘aggressive’ marketing push, eyes steady volume growth Read More »
By Emily Chow and Chen Aizhu SINGAPORE (Reuters) – The liquefied natural gas (LNG) market will see a growing need for medium-term and customised deals amid concern among some buyers about the price risks of long-term contracts and conflict with decarbonisation goals, an executive with global trading firm Vitol said on Thursday. Approximately 70% of …
LNG market has space for medium-term contracts, says Vitol executive Read More »
By Syed Raza Hassan KARACHI, Pakistan (Reuters) -Pakistan’s central bank on Thursday raised its main policy rate by 125 basis points to 15% in its effort to cool the economy, just days after data showed that inflation hit a 13-year high last month. Pakistan’s inflation surged to 21.3% in June, its highest since 2008, data …
Pakistan central bank hikes key rates by 125 bps to cool economy Read More »
By Uditha Jayasinghe COLOMBO (Reuters) – For the last two weeks, Sri Lankan doctor Thusitha Kahaduwa has left his car in the garage and done his patient rounds by bicycle, spending hours each day criss-crossing the commercial capital Colombo. The 41-year-old is among countless thousands, many of them middle-class professionals, who have switched to two …
Sri Lankans ditch cars for bicycles to ride out economic crisis Read More »
By Sam Nussey TOKYO (Reuters) -SoftBank’s Rajeev Misra will cede his frontline role in managing the Japanese conglomerate’s second Vision Fund and launch his own external fund, according to an internal memo seen by Reuters. The executive will move from CEO of SoftBank Global Advisers, which manages the second fund, to vice chairman, while SoftBank’s …
SoftBank’s Misra to cede frontline role, launch external fund – memo Read More »
By Samuel Shen and Scott Murdoch SHANGHAI/HONG KONG (Reuters) – A spike in listing applications from Chinese companies in June has nearly doubled China’s IPO candidates to almost 1,000, the highest in at least three years, potentially making the country a bright spot for bankers as equity offerings slow in other markets. The rush was …
China IPO applications jump, bucking global trend, as COVID curbs ease Read More »
By Leika Kihara and Takahiko Wada TOKYO (Reuters) – The Bank of Japan is expected to raise its inflation forecast but maintain ultra-low interest rates at this month’s policy meeting, sources say, as fears of a U.S. recession and rising input costs cloud the outlook for its fragile economic recovery. In a quarterly report due …
BOJ to raise inflation forecast, but keep dovish bias on global slowdown risk Read More »
