Investing.com– Oil prices fell slightly in Asian trade on Wednesday, extending recent losses after Israel agreed to a ceasefire with Lebanese militant group Hezbollah, which presented a smaller risk premium for crude. But losses in oil were limited by industry data showing an unexpected, substantial draw in U.S. oil inventories, spurring some bets on tighter…
By Uditha Jayasinghe COLOMBO (Reuters) -Sri Lanka’s central bank set a new single policy rate of 8% on Wednesday, aiming to catalyse the island nation’s nascent recovery from a deep financial crisis. Sri Lanka’s central bank (CBSL) said late on Tuesday that it will implement a single policy interest rate mechanism by introducing an overnight…
Oregon, Ohio St., Texas, Penn St. stay atop CFP rankings Max Olson, ESPN Staff WriterNov 26, 2024, 08:39 PM ET Close Covers the Big 12 Joined ESPN in 2012 Graduate of the University of Nebraska Follow on X Email Print The top four stayed the same for the third week in a row in the…
(Reuters) – President-elect Donald Trump on Monday pledged tariffs on the United States’ three largest trading partners – Canada, Mexico and China. The proposed tariffs would affect a wide range of industries, including oil, natural gas, agriculture and manufacturing, potentially altering long-established trade patterns and supply chains. Here are commodities and energy sectors which…
SYDNEY (Reuters) – Australia’s consumer price inflation rate stayed at a three-year low in October as government rebates drove electricity and rent prices down, though core inflation picked up in a sign of lingering cost pressure elsewhere. Data from the Australian Bureau of Statistics on Wednesday showed its monthly consumer price index rose at an…
Investing.com– Morgan Stanley (NYSE:MS) resumed coverage of Hyundai (OTC:HYMTF) Motor (KS:005380) with a positive rating, stating that the automaker was better positioned to weather U.S. trade tariffs than most of its global peers. MS rated Hyundai at Overweight with a price target of 300,000 won, indicating a 37% upside from the stock’s current levels. The…
By Brigid Riley TOKYO (Reuters) – The U.S. dollar steadied against major peers on Wednesday as investors continued to take stock of President-elect Donald Trump’s tariff pledges, while keeping an eye on a key inflation figure out of the U.S. later in the day. The New Zealand dollar rose after the Reserve Bank of New…
Investing.com– The Reserve Bank of New Zealand cut interest rates by 50 basis points on Wednesday and signaled further easing early next year, citing subdued domestic economic activity and waning inflationary pressures. The RBNZ cut its official cash rate by 50 bps to 4.25%, in line with analyst expectations. But some analysts had forecast a bigger,…
By David Kirton and James Pomfret SHENZHEN/HONG KONG (Reuters) – Hundreds of Chinese investors who lost savings in the collapse of China Evergrande (HK:3333) launched a coordinated campaign this month to press authorities for an update on the failed property developer, according to people with knowledge of the effort. In the previously unreported action, small…
By Joe Cash BEIJING (Reuters) – China’s state media shrugged off U.S. President-elect Donald Trump’s pledge to slap additional tariffs on Chinese goods in editorials late on Tuesday, accusing the former president of blaming China for the country’s failure to address the fentanyl crisis. Trump, who takes office on Jan. 20, said on Monday he…
