Stocks edge lower, oil jumps on supply concerns over Mideast, Libya

Stocks edge lower, oil jumps on supply concerns over Mideast, Libya

Item 1 of 3 Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., July 3, 2024. REUTERS/Brendan McDermid/File Photo [1/3]Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., July 3, 2024. REUTERS/Brendan McDermid/File Photo Purchase Licensing Rights, opens new …

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Philippines urges China to halt ‘provocative’ actions after flare incidents

Philippines urges China to halt ‘provocative’ actions after flare incidents

MANILA, Aug 24 (Reuters) – The Philippines called on Beijing on Saturday to “immediately cease all provocative and dangerous actions” after accusing it of “unjustifiably” deploying flares from China-occupied Subi Reef on Aug. 22 while a Manila aircraft was conducting patrols. The same aircraft also “faced harassment” from a Chinese jet fighter while it was …

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India surpasses China to become Russia’s top oil buyer in July

India surpasses China to become Russia’s top oil buyer in July

NEW DELHI, Aug 22 (Reuters) – India overtook China as the world’s biggest importer of Russian oil in July as Chinese refiners bought less because of lower profit margins from producing fuels, a comparison of import data showed. Russian crude made up a record 44% of India’s overall imports last month, rising to a record …

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Fossil fuel phase-out among options on COP28 table

Fossil fuel phase-out among options on COP28 table

Draft COP28 text includes fossil fuel phase out Text adds other options, include no phase out deal Fossil fuel CO2 emissions hit record high in 2023 DUBAI, Dec 5 (Reuters) – Countries at the COP28 climate conference are considering calling for a formal phase-out of fossil fuels as part of the U.N. summit’s final deal …

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Stocks retreat after rally with jobs data eyed, yields climb

Stocks retreat after rally with jobs data eyed, yields climb

[1/3]Traders gather at the post that trades Alaska Airlines stock on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., December 4, 2023. REUTERS/Brendan McDermid/File Photo Acquire Licensing Rights Major US averages fall Dollar rises Gold retreats after hitting record high Oil settles down more than 1% NEW YORK, Dec …

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Climate finance takes centre stage at COP28 climate talks

Climate finance takes centre stage at COP28 climate talks

[1/3]People take part in a climate protest coinciding with COP28 being held in Dubai and ahead of the upcoming Belgian presidency of the Council of the European Union, in Brussels, Belgium, December 3, 2023. REUTERS/Johanna Geron Acquire Licensing Rights UAE banking sector pledges $270 bln in green finances by 2030 Saudi leaders skip flagship event, …

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Asia factory activity weakens, uncertainty on China clouds outlook

Asia factory activity weakens, uncertainty on China clouds outlook

An employee works on a production line manufacturing steel structures at a factory in Huzhou, Zhejiang province, China May 17, 2020. Picture taken May 17, 2020. China Daily via REUTERS/File Photo Acquire Licensing Rights China’s private PMI unexpectedly expands in November Manufacturing activity slumps in Japan, steadies in S. Korea Soft global demand clouds outlook …

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Oil prices rise as OPEC+ meets to discuss supply cuts

Oil prices rise as OPEC+ meets to discuss supply cuts

An aerial view shows a crude oil tanker at an oil terminal off Waidiao island in Zhoushan, Zhejiang province, China January 4, 2023. China Daily via REUTERS/File Photo Acquire Licensing Rights LONDON, Nov 30 (Reuters) – Oil prices rose by more than 1% on Thursday in anticipation of the outcome of an OPEC+ meeting with …

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Treasury yields fall on data, rate cut expectations; dollar gains

Treasury yields fall on data, rate cut expectations; dollar gains

NEW YORK/LONDON, Nov 29 (Reuters) – Treasury yields fell on Wednesday while the dollar gained and MSCI’s global stock index barely rose as U.S. Federal Reserve officials provided mixed messages on monetary policy while third-quarter data provided encouraging signs for the economy. In U.S. equities, the S&P 500 edged lower and Nasdaq dipped while the …

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Walmart shifts to India from China for cheaper imports

Walmart shifts to India from China for cheaper imports

Walmart imports more from India, reducing reliance on China 60% of shipments came from China in Jan-Aug 2023 vs 80% in 2018 India is key component of Walmart’s supply chain, Walmart says LONDON/NEW YORK, Nov 29 (Reuters) – Walmart (WMT.N) is importing more goods to the United States from India and reducing its reliance upon …

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