By Laura Sanicola (Reuters) -Oil prices settled higher on Monday, reversing losses as investors grew optimistic that holiday travel in China would boost fuel demand in the world’s largest oil importer. Brent crude settled up $1.07, or 1.3%, at $82.73 a barrel while U.S. West Texas Intermediate crude settled up 89 cents, or 1.1%, at …
Oil prices settle higher on optimism about fuel demand in China Read More »
By Deep Kaushik Vakil (Reuters) – Gold firmed on Monday, helped by a weaker dollar, although prices were stuck in a tight range as traders turned their attention to this week’s economic data that may influence the U.S. Federal Reserve’s next policy decision. Spot gold was 0.4% higher at $1,990.34 per ounce by 1:45 p.m. …
Gold trades in tight range as market braces for fresh economic cues Read More »
By Shristi Achar A and Johann M Cherian (Reuters) – London’s FTSE 100 ended Monday’s session flat ahead of a busy earnings week, while shares of telemedicine services firm Medica Group hit a more than five-year high on a buyout deal. Medica Group surged 33.8% after accepting a takeover bid by private equity firm IK …
FTSE 100 kicks off week on tepid note; Medica hits five-year high Read More »
JOHANNESBURG (Reuters) -The South African rand slipped on Monday as markets awaited economic data out of the U.S. later this week, which could influence the Federal Reserve’s rate-hiking cycle. At 1512 GMT, the rand traded at 18.1550 to the dollar, down 0.28% from its Friday close. The U.S. currency was last down 0.18% against a …
South African rand slips as markets await U.S. economic data Read More »
By Andrew Gray LUXEMBOURG (Reuters) – EU foreign policy chief Josep Borrell expressed confidence on Monday that the bloc would finalise a plan within days to buy ammunition for Ukraine after Kyiv expressed frustration at wrangling among EU member states. “Yes, still there is some disagreement. But I am sure everybody will understand that we …
EU’s Borrell sees deal soon to buy ammunition for Ukraine Read More »
KHARTOUM (Reuters) – Sudan’s conflict between the army and a paramilitary group called the Rapid Support Forces (RSF) has prompted foreign countries to race to extract their diplomats and citizens. Several countries evacuated nationals by air, while some went via Port Sudan on the Red Seaabout 800 km (500 miles) by road from Khartoum. This …
Factbox-Foreign states evacuate citizens from Sudan Read More »
By Aidan Lewis and Khalid Abdelaziz KHARTOUM (Reuters) – Fighting in Sudan since April 15 has killed hundreds of people, sparked a humanitarian crisis with thousands fleeing their homes and prompted foreign countries to evacuate their citizens for fear of an all-out civil war in an already unstable region. WHAT TRIGGERED THE VIOLENCE? Tension had …
Explainer-What is happening in Sudan? Fighting in Khartoum explained Read More »
BERLIN (Reuters) -Industrial action grounded dozens of flights at two major German airports on Monday as security workers and ground services employees in the capital, Berlin, and in Hamburg held a one-day strike over pay. Berlin-Brandenburg airport cancelled all departures and said some landings would also be affected after the Verdi union called security workers …
Strikes ground flights at German airports, railway walkouts to follow Read More »
By Andrew MacAskill and Paul Sandle LONDON (Reuters) -British Prime Minister Rishi Sunak told more than 200 chief executives on Monday he was “unashamedly pro-business” and he needed their help to grow the economy and turn around his party’s fortunes before an election expected next year. Sunak hosted the bosses at “Business Connect”, a conference …
I’ve got your back: UK’s Sunak tries to reboot business ties Read More »
By Jamie McGeever ORLANDO, Florida (Reuters) -Hedge funds remain unconvinced by Wall Street’s recovery from the March banking shock and have instead amassed their biggest bet in over a decade that the S&P 500 will fall. Commodity Futures Trading Commission (CFTC) data for theweek ending Tuesday, April 18 show that funds and speculative accounts increased …
Funds ignore Wall Street’s resilience, most bearish since 2011: McGeever Read More »
