Oil market likely to be in surplus next year, Morgan Stanley says
(Reuters) – The crude oil market is currently tight but next year will likely be in surplus, with Brent prices declining into the mid-to-high $70s range, Morgan Stanley said. The…
Gold prices edge higher as Biden pulls out of presidential race
Investing.com– Gold prices rose slightly in Asian trade on Monday, with the yellow metal seeing some safe haven demand after U.S. President Joe Biden dropped his bid reelection and endorsed…
Dollar eases as Biden ends re-election bid; yuan weakens after rate cut
By Kevin Buckland TOKYO (Reuters) -The dollar eased slightly on Monday as investors gauged the implications of U.S. President Joe Biden’s decision to end his re-election campaign and clear the…
Asia FX weak, dollar edges lower after Biden drops presidential bid
Investing.com– Most Asian currencies tread water on Monday as an unexpected interest rate cut in China offered little cheer, while the dollar crept lower after President Joe Biden said he…
Oil prices rise as China cuts interest rates; Gaza ceasefire in focus
Investing.com– Oil prices rose in Asian trade on Monday, recovering some measure of recent losses on hopes of improving economic conditions in top importer China after the country unexpectedly lowered…
Explainer-Harris’ business views: friendly to Big Tech, aggressive in climate fight
WASHINGTON (Reuters) -U.S. Vice President Kamala Harris is potentially poised to become the Democratic presidential nominee in the November election. Here are her views and actions related to some key…
Oil prices rise as investors look for signs US rate cuts to begin
By Katya Golubkova TOKYO (Reuters) – Oil prices rose in early trade on Monday as investors keep a lookout for signs of a rate-cut cycle expected to begin as soon…
Explainer-U.S. Vice President Harris’ views on business issues
WASHINGTON (Reuters) – U.S. Vice President Kamala Harris is potentially poised to become the Democratic presidential nominee in the November election. Here are her views and actions related to some…
Germany’s Scholz says Biden’s decision to drop reelection bid ‘deserves recognition’
FRANKFURT (Reuters) – German Chancellor Olaf Scholz said on Sunday that U.S. President Joe Biden’s decision to drop his reelection bid deserved recognition, and praised his achievements including strengthening the…
Porsche could take stake in battery maker Varta as part of major overhaul
By Alexander Hübner MUNICH (Reuters) -German battery maker Varta on Sunday said it is discussing two restructuring scenarios that could potentially lead to luxury sportscar maker Porsche taking a stake…
