Russia’s Omsk oil refinery reports fire, operating normally
MOSCOW (Reuters) – The Omsk oil refinery, Russia’s largest, reported a fire on Monday but said it was operating as usual. “The fire at the Omsk refinery is under control.…
Oil up 1% on Mideast escalation fears, US rate cut expectations
By Robert Harvey LONDON (Reuters) -Oil prices rose 1% on Monday on renewed concerns that an escalating Gaza conflict could disrupt regional oil supplies, extending gains from Friday when the…
US soft landing consistent with weaker dollar: Goldman Sachs
Investing.com — As the global economy grapples with uncertainties, the United States appears to be on track to achieve a “soft landing,” a scenario where the economy slows down without…
Iran doesn’t seek to raise regional tensions, foreign minister tells Italian counterpart
DUBAI (Reuters) – Iran does not seek to increase Middle East tensions, Foreign Minister Abbas Araqchi told his Italian counterpart Antonio Tajani, adding that its response to the killing of…
Dollar sinks vs yen, hovers near 2-1/2-year low to sterling on dovish Fed shift
By Kevin Buckland TOKYO (Reuters) -The dollar sank to a three-week trough against the yen on Monday as Federal Reserve Chair Jerome Powell’s emphatic dovish shift contrasted sharply with Bank…
Gold prices steady above $2,500 amid rate cut cheer
Investing.com– Gold prices fell slightly in Asian trade on Monday, but remained in sight of record highs last week as the prospect of lower U.S. interest rates battered the dollar…
Greek-flagged ship on fire since Aug 23 after Houthi attack, EU naval mission says
By Ahmed Elimam (Reuters) -The Greek-flagged ship Sounion has been on fire since Aug. 23 after an attack by Yemen’s Houthis with no obvious signs of an oil spill, EU…
US industry seeks easing of steep Biden-Harris China tariff hikes
By David Lawder WASHINGTON (Reuters) – The Biden-Harris administration this week is expected to announce final implementation plans for steep tariff increases on certain Chinese imports, and if U.S. industry…
EU naval mission: Greek-flagged ship Sounion on fire since August 23 after Houthi attack
(Reuters) – The Greek-flagged ship Sounion has been on fire since August 23 after an attack by Yemen’s Houthis, EU Red Sea naval mission Aspides said in a post on…
Asia FX firms, yen strong as rate cut bets put dollar at 13-mth low
Investing.com– Most Asian currencies firmed on Monday with the Japanese yen rising sharply amid increasing bets that the Federal Reserve will cut interest rates in September, which put the dollar…
