Category Archives:
China imports 13% less crude oil from Saudi in March, 14% less from Russia -customs
By Chen Aizhu and Muyu Xu (Reuters) - Saudi Arabia exported nearly 13% less oil to China in March than a year earlier but retained its top supplier spot, while shipments from second-ranking Russia sli...
Apr 20, 2022
Tank storage firm Vopak’s quarterly profit beats market estimates
(Reuters) - Dutch oil and chemical storage company Vopak's first-quarter earnings beat market expectations on Wednesday, boosted by growth projects and good performance in the Americas. The group repo...
Apr 20, 2022
Gold hits over one-week low as firm bond yields, dollar weigh
By Bharat Gautam (Reuters) - Gold prices fell on Wednesday to their lowest in more than a week, as a elevated U.S. dollar and Treasury yields continued to weigh on demand for bullion. Spot gold was do...
Apr 20, 2022
Analysis-Positive real yields may spell more trouble for U.S. stocks
By Lewis Krauskopf NEW YORK (Reuters) - A hawkish turn by the Federal Reserve is eroding a key support for U.S. stocks, as real yields climb into positive territory for the first time in two years. Yi...
Apr 20, 2022
Credit Suisse expects Q1 loss after boosting legal provisions
ZURICH (Reuters) - Credit Suisse Group expects a loss in reported first-quarter earnings after increasing legal provisions, the Swiss bank said on Wednesday. (Reporting by Michael Shields, editing by ...
Apr 19, 2022
Analysis-Wealth shock: property bust in small Chinese cities rattles households
By Liangping Gao and Ryan Woo BEIJING (Reuters) - Home owners in small Chinese cities are battling a rare property market downdraft as buyers keep away, eroding the wealth of millions in a blow to alr...
Apr 19, 2022
Philippines has potential for 21GW wind power by 2040 -World Bank
MANILA (Reuters) - The Philippines has the potential to install 21 gigawatt of offshore wind power by 2040, equivalent to about a fifth of its electricity supply by then, according to a study released...
Apr 19, 2022
Most financial institutions in Asia need until 2023 to scrap Libor benchmark
HONG KONG (Reuters) - Most financial institutions operating in Asia will take until next year to remove references to the Libor benchmark in loan agreements, an industry survey found, though most iter...
Apr 19, 2022
Dollar scales fresh two-decade peak to yen, BOJ targets yields
By Kevin Buckland TOKYO (Reuters) - The dollar climbed to a fresh two-decade peak to the yen on Wednesday, buoyed by more Federal Reserve officials pushing for sizeable interest rate hikes, while the ...
Apr 19, 2022
IMF says any loan to Sri Lanka requires debt sustainability
WASHINGTON (Reuters) - The International Monetary Fund said discussions with Sri Lanka on a potential IMF loan program are at an early stage and any deal would require "adequate assurances" that the i...
Apr 19, 2022
Peoria, IL, USA
45 °F Clear
