Asian foreign reserves decline in 2024 first half
By Patturaja Murugaboopathy and Gaurav Dogra (Reuters) – Asia’s foreign reserves have dropped this year as central banks have intervened to support their currencies, with Japan, Indonesia and South Korea…
Exclusive-ExxonMobil selling Malaysia oil and gas assets to Petronas, sources say
By Yantoultra Ngui and Florence Tan SINGAPORE (Reuters) – Exxon Mobil Corp (NYSE:XOM) has agreed to sell its Malaysian oil and gas assets to state energy firm Petronas, exiting the…
China lithium rebounds on Chile earthquake, but demand concerns persist
BEIJING (Reuters) – China’s lithium prices rebounded on Friday after a powerful earthquake hit Chile’s major lithium producing region, although growing demand concerns weighed on the metal used in electric…
China’s Sinopec reports first-half crude throughput up only 0.1%
SINGAPORE (Reuters) – China Petroleum (OTC:SNPTY) and Chemical Corp (Sinopec (OTC:SHIIY)), Asia’s largest refiner, on Friday reported first-half crude throughput little changed year on year. The state refining giant processed…
Ukraine’s Zelenskiy attends UK cabinet, renews calls on long-range missiles
LONDON (Reuters) – Ukrainian President Volodymyr Zelenskiy addressed British government ministers on Friday, a rare appearance by a foreign leader at a cabinet meeting that new Prime Minister Keir Starmer…
Morning Bid: Volatility resurfaces, tech outage rankles
A look at the day ahead in U.S. and global markets from Mike Dolan Volatility is resurfacing as a turbulent week for world markets and politics was met on Friday…
First to hike, last to cut? BoE caution cossets pound: Mike Dolan
By Mike Dolan LONDON (Reuters) -First to hike, first to hit its inflation target – and the last to cut? It may be unwise to read too much into volatile…
Oil prices steady amid strong dollar, China economy worries
By Shariq Khan NEW YORK (Reuters) – Oil prices fell on Friday, setting up for a second weekly decline, as mixed economic signals weighed on investor sentiment and boosted the…
Dollar edges higher on safety bid; sterling drops after weak retail sales
Investing.com – The U.S. dollar rose slightly Friday, on course for a positive week, while sterling slipped after the release of weak retail sales data. At 04:10 ET (09:10 GMT),…
XAU/USD: Why Gold Prices Keep Rising and What’s Next
Spot gold prices climbed again on Thursday, driven by growing expectations that the Federal Reserve might start cutting rates by September as well as softer inflation figures and dovish hints…
