By John Kemp LONDON (Reuters) – Shortages of diesel and other distillate fuel oils have emerged as a key bottleneck in the oil market and will exert upward pressure on oil and fuel prices until the global economy moves onto a slower growth trajectory. Distillate fuel oil has become the most cyclically sensitive part of …
Column-Diesel is the U.S. economy’s inflation canary: Kemp Read More »
By Daniel Leussink and Kaori Kaneko YOKOHAMA/TOKYO (Reuters) – Japan needs a “more credible” target date than fiscal 2025 for achieving a balanced primary budget, an official at rating agency Moody’s Investors Service said on Wednesday. Christian de Guzman, a senior vice president in the agency’s sovereign risk group, also said Japanese households are in …
Japan needs ‘more credible’ budget balancing target – Moody’s Read More »
By Michael Kahn and Jason Hovet PRAGUE (Reuters) – Meera Sankar knew it was time to give up her dream of buying a home in Prague when she looked at a flat barely big enough for one person but carrying a budget-busting price tag. The 31-year-old’s experience is a common one in Prague and other …
Property ladder too high for central Europe’s first-time buyers Read More »
By Mike Dolan LONDON (Reuters) – The seismic supply shocks and wild price distortions of the pandemic could finally call time on 30 years of strict inflation targeting by the world’s big central banks. Faced with headline and core inflation rates surging far above 2% target rates and at their highest in decades, central banks …
Column-Has COVID finally killed inflation targeting? :Mike Dolan Read More »
By Gavin Jones ROME, Feb 9 (Reuters) – Italian industrial output was weaker than expected in December, falling 1.0% from the month before after a large, upwardly revised rise of 2.1% in November, data showed on Wednesday. A Reuters survey of 19 analysts had pointed to a 0.7% monthly decline in December. November’s data was …
Italy industry output falls back in December after November jump Read More »
COPENHAGEN (Reuters) -Freight forwarder DSV expects to lift operating profit this year as it sees chaotic conditions in the global supply chain, and therefore, higher freight rates, continue in the first half of this year. Major trade bottlenecks have formed around the globe and led to record-high costs of transporting goods. “We expect that the …
Freight forwarder DSV expects supply chain disruptions well into 2022 Read More »
By David Lawder WASHINGTON (Reuters) – U.S. goods exports to China fell in December, cementing a massive shortfall in Beijing’s two-year purchase commitments under the “Phase 1” trade deal negotiated by former President Donald Trump’s administration. The U.S. Census Bureau said on Tuesday that the United States’ 2021 goods trade deficit with China rose by …
U.S. December trade data reveals massive shortfall in China’s ‘Phase 1’ purchases Read More »
By Fergal Smith TORONTO (Reuters) – The Canadian dollar weakened against its U.S. counterpart on Tuesday, giving back some of the previous day’s sharp gains, as oil prices fell and domestic data showed a surprise trade deficit. The loonie was trading 0.3% lower at 1.2706 to the greenback, or 78.70 U.S. cents, after trading in …
Canadian dollar weakens as oil rally loses momentum Read More »
By David Randall NEW YORK (Reuters) – Oil prices near seven-year highs will likely weigh on the U.S. economy and push inflation pressures down over the next year, star stock picker Cathie Wood of ARK Invest said in a webinar on Tuesday. Wood, who became a household name by betting on high-valuation, high-growth stocks that …
ARK’S Wood sees coming slowdown in U.S. economy as oil prices spike Read More »
By Arunima Kumar and Nia Williams (Reuters) -Canada’s Cenovus Energy Inc posted a quarterly loss on Tuesday primarily due to non-cash impairment of C$1.9 billion ($1.50 billion) in the U.S. manufacturing segment, sending its shares lower. The U.S. manufacturing business was hit by operational issues at two refineries, contributing to a net loss of C$408 …
Cenovus Energy loss widens on nearly C$2 billion impairment, shares fall Read More »
