ASEAN

Global oil market signals near-term weakness ahead of EU embargo on Russian oil

Global oil market signals near-term weakness ahead of EU embargo on Russian oil

NEW YORK, Nov 28 (Reuters) – The global oil market is signaling a potential shift as traders and analysts worry about falling demand for crude and a surplus market in the coming months. After months of strength, crude futures are flirting with all-year lows as major oil consumer China enters additional COVID-19-related lockdowns while central …

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Global stocks gain on hopes recession warning will force Fed's hand

Global stocks gain on hopes recession warning will force Fed’s hand

Stocks rise as investors assess Fed rate moves in 2023 Treasury yields rise on tougher talks with the Fed Treasury Yield Curve Inversions Point to Recession Oil slides on rate hike, Chinese growth concerns NEW YORK/LONDON, Nov 18 (Reuters) – Global stocks edged higher and a key part of the Treasury yield curve inverted further …

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Oil slides 2%, posts second weekly decline as supply fears fade

Oil slides 2%, posts second weekly decline as supply fears fade

Market structures suggest easing supply concerns Brent and WTI post their second consecutive weekly losses Fed interest rate signals dampen sentiment Chinese demand and COVID cases in brief NEW YORK, Nov 18 (Reuters) – Oil fell about 2% on Friday, posting a second weekly decline, on concerns over weakening demand in China and further U.S. …

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Oil prices set higher following disruption of Druzhba pipeline

Oil prices set higher following disruption of Druzhba pipeline

Russian Transneft: notified by Ukraine of suspension of oil supply to Hungary via Druzhba – RIA Explosion kills two in eastern Poland as Russian missiles hit neighboring Ukraine Slower U.S. producer price growth prompts inflation optimism API shows US crude stocks falling – market sources NEW YORK, Nov 15 (Reuters) – Oil prices rose on …

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Fed hopes buoyant stocks, China's COVID easing boosts oil

Fed hopes buoyant stocks, China’s COVID easing boosts oil

LONDON, Nov 11 (Reuters) – A relief rally in global stocks entered a second day on Friday and the dollar fell as investors bet the spike in U.S. inflation will prompt the Federal Reserve to slow the pace of increases interest rates. Oil prices jumped after health authorities in the world’s top crude importer, China, …

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FTX scrambles for funds as regulators take action

FTX scrambles for funds as regulators take action

SINGAPORE, Nov 11 (Reuters) – Regulators froze some assets of troubled cryptocurrency exchange FTX and industry peers rushed to limit losses on Friday amid worsening solvency problems of the company and increased control of its managing director, Sam Bankman-Fried. The week-long saga that began with a run on FTX, one of the biggest crypto exchanges, …

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FTX Seeks $9.4 Billion in Rescue Funds, Bahamas Freezes Some Assets

FTX Seeks $9.4 Billion in Rescue Funds, Bahamas Freezes Some Assets

Nov 10 (Reuters) – FTX is scrambling to raise about $9.4 billion from investors and competitors, a source said on Thursday, as chief executive Sam Bankman-Fried urgently seeks to save the cryptocurrency exchange that has been rocked by a rush of customer withdrawals. Bankman-Fried discussed raising $1 billion each from Justin Sun, the founder of …

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Exclusive: China canceled EU leader's video speech at major trade expo opening

Exclusive: China canceled EU leader’s video speech at major trade expo opening

BEIJING/BRUSSELS, Nov 8 (Reuters) – Chinese authorities behind a major trade exhibition in Shanghai have canceled the European Council president’s opening speech which was to criticize Russia’s “illegal war” in Ukraine and call for a reduction in the EU’s trade dependence on China, diplomats said. Charles Michel’s pre-recorded video was meant to be one of …

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