By Saqib Iqbal Ahmed NEW YORK (Reuters) – The dollar jumped to a four-week high against the euro on Monday, as last week’s blockbuster U.S. jobs report raised the likelihood of the U.S. Federal Reserve keeping on with its inflation-fighting interest rate hikes for longer. Â Â Â The euro slipped 0.6% against the dollar to $1.0724, …
Dollar extends rebound as U.S. data supports; yen slips Read More »
By Seher Dareen (Reuters) – Gold edged higher on Monday, with investors banking on the precious metal’s safe-haven appeal as concerns about an economic slowdown linger, after a stronger dollar and higher Treasury yields nudged prices to a one-month low. Spot gold was up 0.2% to $1,868.96 per ounce by 2:37 p.m. ET (1937 GMT). …
Gold up from 1-month lows but stronger dollar, yields check gains Read More »
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices edged higher in choppy trading on Monday as markets weighed a return in demand from China against supply concerns and fears of slower growth in major economies curbing consumption. Brent futures for April delivery rose $1.05, or 1.3%, to $80.99 a barrel, after trading between $79.10 and $81.25. …
Oil rises 1% in choppy trade on China demand hopes Read More »
WASHINGTON (Reuters) – As Democratic President Joe Biden and House of Representatives Speaker Kevin McCarthy gird for a protracted battle over raising the United States’ $31.4 trillion debt ceiling, some observers have suggested possible workarounds to avoid disaster if the two sides do not reach a deal. Here are some of their proposals: PLATINUM COIN …
Possible U.S. debt-ceiling workarounds to avoid default Read More »
By Sachin Ravikumar and Natalie Thomas LONDON (Reuters) -Tens of thousands of nurses and ambulance service staff walked off the job on Monday in a pay dispute, putting further strain on Britain’s state-run National Health Service with their largest ever strike. Nurses and ambulance workers have been striking separately since late last year but Monday’s …
Workers stage largest strike in history of Britain’s health service Read More »
By Nidhi Verma and Arunima Kumar BENGALURU, India (Reuters) -Europe will no longer set the reference price for Russia’s flagship Urals crude, Igor Sechin, the CEO of Russia’s oil major Rosneft said on Monday, now Asia has emerged at the largest buyer of Russian oil since the West placed it under sanctions. Around 70% of …
Russia’s Sechin says Europe no longer sets Urals price Read More »
JOHANNESBURG (Reuters) -South Africa’s rand weakened on Monday, as the U.S. dollar jumped on expectations that the U.S. Federal Reserve might pursue its inflation-fighting interest rate hikes for longer. At 1550 GMT, the rand traded at 17.6975 against the dollar, 1.24% weaker than its previous close. The dollar was last up 0.55% at 103.700 against …
South African rand weakens as U.S. dollar extends gains Read More »
By Nell Mackenzie and Carolina Mandl LONDON/NEW YORK (Reuters) -Hedge funds betting against stocks globally abandoned those trades last week at the fastest pace since 2015, surpassing the speed of their exodus from the meme stock frenzy two years ago, according to a Goldman Sachs research note. The latest short squeeze, implying that stock prices …
Hedge funds caught in bigger squeeze than 2021 meme stock frenzy – Goldman Sachs note Read More »
By Christian Akorlie ACCRA (Reuters) -Ghana’s finance minister told a group of protesting retiree bondholders on Monday they were being a offered a good deal, as the government of the struggling West African nation pushes to get a domestic debt exchange over the line by Tuesday. Ghana launched a debt swap plan in December as …
Ghana debt swap deal ‘good for you’, finance minister tells retirees Read More »
By Yew Lun Tian and David Lawder BEIJING/WASHINGTON (Reuters) -Beijing on Monday urged Washington to show restraint as the U.S. military searched for remnants of what it believes was a Chinese surveillance balloon it shot down over the Atlantic but which China says was a civilian craft that accidentally drifted astray. The balloon drama has …
China urges restraint as U.S. military searches for balloon remnants Read More »
