By Chen Aizhu SINGAPORE (Reuters) -China’s CNOOC Ltd has raised its 2023 production target by around 8% to a record 650 million to 660 million barrels of oil equivalent (boe), it said on Wednesday. The state-controlled offshore oil and gas company produced about 620 million boe last year, exceeding its goal of 600-610 million boe, …
China’s CNOOC targets record oil, gas output in 2023 Read More »
By Leigh Thomas PARIS (Reuters) – President Emmanuel Macron’s plans to raise the retirement age by two years may deliver meagre economic and financial gains over time, but come at the cost of infuriating unions and aggravating workers already stung by the inflation crisis. His prime minister, Elisabeth Borne, pitched the reform on Tuesday as …
Analysis-Macron’s pension reform gains risk social pain Read More »
By Caroline Valetkevitch NEW YORK (Reuters) – U.S. stocks ended up sharply on Wednesday, with the S&P 500 and Nasdaq gaining more than 1% each as investors were optimistic ahead of an inflation report that could give the Federal Reserve room to dial back on its aggressive interest rate hikes. The much-anticipated report due on …
Wall St ends sharply higher on optimism before key inflation report Read More »
By Xie Yu and Ankur Banerjee HONG KONG/SINGAPORE (Reuters) -Foreign investors have barely begun buying back beaten-down stocks in China, but there are growing signs that the end of the country’s tough COVID-zero policy marks the beginning of a long global march back into Chinese equities. December’s sudden shift from tight health restrictions to almost …
Foreigners’ dry powder is fuel for a long stock market rally in China Read More »
LONDON (Reuters) – Britain’s Prince Harry has hit back at “hurtful” responses to his record-selling memoir, saying he was particularly upset by the “lie” he had boasted that he had killed 25 people in Afghanistan when serving as a military helicopter pilot. In his book “Spare”, King Charles’s younger son recounts his two tours of …
Prince Harry hits out at press over reports of Afghan killings in book Read More »
By Sinéad Carew and Huw Jones NEW YORK/LONDON (Reuters) – The S&P 500 closed up more than 1% while U.S. Treasury yields fell and the dollar was little changed on Wednesday as investors bet that upcoming U.S. inflation data would allow the Federal Reserve to slow the pace of interest rate hikes. Longer-dated treasury yields …
Stocks rally, bond yields fall with bets on easing U.S. inflation Read More »
By Patricia Zengerle WASHINGTON (Reuters) – The U.S. House of Representatives voted overwhelmingly on Tuesday to create a select committee on China, using one of its first votes since Republicans took control to stress members’ desire to counter Beijing’s growing international influence. The House voted 365 to 65 in favor of a resolution establishing the …
New U.S. House creates committee focused on competing with China Read More »
By Nidhi Verma NEW DELHI (Reuters) -Trafigura has sold its 24.5% stake in Russia-backed Indian refiner Nayara Energy to a Rome-based energy investment group, following on from a deal on Monday where a group of firms backed by the commodity trading company agreed to buy Lukoil’s Italian refinery. Trafigura said it had completed the sale …
Trafigura sells out of Russia-backed Indian refiner Nayara Energy Read More »
By Alistair Smout LONDON (Reuters) -British Prime Minister Rishi Sunak and his Japanese counterpart Fumio Kishida signed a defence agreement in London on Wednesday that will allow the countries to deploy forces on each other’s soil, the latest move towards closer security ties. Kishida and Sunak signed the reciprocal access defence agreement, agreed in principle …
Britain, Japan sign defence pact during PM Kishida visit to London Read More »
By Scott DiSavino NEW YORK (Reuters) -Oil prices rose 3% to a one-week high on Wednesday as hopes for an improved global economic outlook and concern over the impact of sanctions on Russian crude output outweighed a massive surprise build in U.S. crude stocks. Brent futures rose $2.57, or 3.2%, to settle at $82.67 a …
Oil gains 3% on global economic optimism, despite surprise U.S. crude build Read More »
