US looking to bolster Philippines’ ability to operate in its waters
By Michael Martina and David Brunnstrom WASHINGTON (Reuters) – The United States is looking to bolster the capabilities of the Philippines to operate lawfully in its waters, a senior White…
Oil prices rise off six-week lows as US fuel stocks decline
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices rose on Wednesday, supported by large draws in U.S. crude and fuel stocks, but were still close to their lowest level in six…
Dollar falls against resurgent yen as carry trades squared
By Tom Westbrook and Alun John SINGAPORE/LONDON (Reuters) -Commodity currencies slid to multi-week lows on Wednesday on weakening raw material prices, with the heaviest selling against the yen which surged…
Analysis-Japan’s novel FX intervention throws off investors
By Amanda Cooper and Brigid Riley LONDON/TOKYO (Reuters) -Japanese official buying to defend the yen is fast becoming a standard feature of the FX landscape in 2024, but authorities in…
Analysis-US oilfield firms slash prices as mega-mergers shrink customer base
By Georgina McCartney HOUSTON – A wave of mega-mergers among oil producers is forcing the U.S. service companies that drill and hydraulically fracture wells to slash their prices, merge, or…
Oil prices rise; US crude inventories, Canadian wild fires boost sentiment
Investing.com– Oil prices rose Wednesday, recovering from recent losses after industry data showed a fall in U.S. inventories, suggesting strong demand from the world’s largest consumer. At 08:15 ET (12:15…
Oil prices edge up off six-week lows
By Paul Carsten LONDON (Reuters) -Oil prices edged higher on Wednesday but were still close to their lowest level in six weeks with few signs of the fuel consumption surge…
Commodity currencies struggle, carry trade churn helps yen, Swiss franc
By Tom Westbrook and Alun John SINGAPORE/LONDON (Reuters) -Commodity currencies slid to multi-week lows on Wednesday on weakening raw material prices, with the heaviest selling against the yen which surged…
Analysis-Investors foxed by Japan’s revamped FX intervention blueprint
By Amanda Cooper and Brigid Riley LONDON/TOKYO (Reuters) – Japanese official buying to defend the yen is fast becoming a standard feature of the FX landscape in 2024, but authorities…
Morning bid: High earnings bar, Harris polling bump
A look at the day ahead in U.S. and global markets from Mike Dolan Wall St has suddenly become a tough crowd to please. Much like last week’s cool market…
