Oil dips on worries China stimulus plans not enough to boost demand
By Laila Kearney and Jeslyn Lerh SINGAPORE (Reuters) – Oil prices fell on Wednesday as investors reassessed the ability of China’s stimulus plans to boost the economy enough to drive…
Asia FX ticks higher, yuan hits 16-mth high on China stimulus cheer
Investing.com– Most Asian currencies rose slightly on Wednesday as persistent bets on interest rate cuts dented the dollar, while the Chinese yuan hit a 16-month high on optimism over more…
World leaders call for investment in clean energy, developing nations seek help
By Valerie Volcovici and Simon Jessop NEW YORK (Reuters) -World leaders on Tuesday called for far more investment in renewable energy to tackle climate change, with developing nations saying they…
Oil prices steady as China boost fades; US inventories seen shrinking
Investing.com– Oil prices fell slightly in Asian trade on Wednesday, cooling after optimism over more stimulus measures in China sparked strong gains in the prior session. Markets took little support…
Oil prices steady as China stimulus hopes fade, U.S. crude stockpiles fall
By Laila Kearney (Reuters) – Oil prices steadied on Wednesday after rising in the previous session on fading excitement for the economic stimulus in China, the world’s biggest crude importer,…
Economic calendar for the week 30.09.2024 – 06.10.2024
The S&P500 and Dow Jones stock indices are reaching new highs, while the US dollar continues to face pressure after the US Fed’s decision to cut interest rates by 0.50%…
Developing nations risk being sidelined from renewable energy boom, leaders say
By Valerie Volcovici and Simon Jessop NEW YORK (Reuters) – World leaders on Tuesday said that developing nations risk missing out on a push to triple the amount of renewable…
Oil futures little changed after API report shows larger-than expected crude draw
Investing.com — U.S. crude oil futures were little changed in post-settlement trading Tuesday after the American Petroleum Institute reported a larger-than-expected decline in weekly domestic crude stocks. Crude Oil WTI…
Cuba, Florida brace for impact as Tropical Storm Helene barrels north
By Dave Sherwood HAVANA (Reuters) – Tropical Storm Helene is expected to unleash mudslides and flooding in Cuba before reaching major hurricane strength on Thursday as it hits Florida with…
China’s yuan surges to 16-month peak on new stimulus measures
By Chuck Mikolajczak NEW YORK (Reuters) -China’s yuan hit a 16-month high against the U.S. dollar on Tuesday, after the central bank of the world’s second-largest economy revealed new stimulus…
