European Gas Jumps as Chevron Receives Australia Strike Notice
European natural gas prices surged after Chevron Corp. said it has been alerted that strikes at its liquefied natural gas export plants in Australia will begin from Sept. 7.
Bloomberg Business
Mortgage Business Bayview Gets Into Insurance Asset Management
Bayview Asset Management LLC is launching an insurance asset management arm that will seek to expand the range of investable assets available to insurers, according to a statement from the company.
Google Says This Is the Best Time to Book Cheap Holiday Flights
Google Flights’ new “cheapest time to book” feature gives detailed insight on the best pricing windows for a particular route. This year it will also mean buying sooner rather than later for holiday travel.
How an Oil Giant Took Control of Biden’s Billion-Dollar Bet on Carbon Capture
The Biden administration has selected Oxy to run a so-called DAC hub, where it will pilot the technology the oil company thinks can save its core fossil fuel business.
Stocks Gain as Traders Assess Rates, China Support: Markets Wrap
US futures gained alongside European stocks as China’s latest measures to support its markets offset uncertainly about the outlook for interest rates following cautious comments from central bankers at Jackson Hole.
Lira Options Least Bearish in 17 Months After Massive Rate Hike
Turkey’s surprisingly large interest-rate increase last week so far hasn’t significantly propped up embattled lira but it has cut the cost of insuring it against depreciation to the least in 17 months.
Florida Faces Major Hurricane Threat From Strengthening Idalia
Tropical Storm Idalia strengthened as it headed north through the Gulf of Mexico, threatening to strike Florida’s west coast Wednesday as a tree-snapping major hurricane.
Veteran Stock Picker Says China Risk-Reward Incredibly Favorable
A 30-year veteran of investing in emerging markets says that “everything is coming together” for a rally in China’s equity market after a week that saw shares slide to fresh 2023 lows.
Veteran Investor Says It’s All Coming Together for China Stocks
A 30-year veteran of investing in emerging markets says that “everything is coming together” for a rally in China’s equity market after a week that saw shares slide to fresh 2023 lows.
Offshore Yuan Seen Tumbling to New Low Against Dollar in China Selloff
Global investors have little confidence that China will succeed in shoring up its financial markets, predicting that mounting economic stress will drive the yuan’s offshore exchange rate to historic lows.