Oil edged lower on Monday pressured by worries over slowing demand in China, although concern over tight global supply and the deepening Ukraine crisis kept Brent crude above $111 a barrel.
Oil prices climbed to nearly three-week highs on Monday as fears over tight global supply grew, with the deepening crisis in Ukraine raising the prospect of heavier sanctions by the West on top exporter Russia.
Oil prices rose on Monday as concerns grew about tighter global supply, with the deepening crisis in Ukraine raising the prospect of heavier sanctions by the West on top exporter Russia.
Oil edged lower on Monday as worries over slowing demand in China balanced support from concern over tight global supply and the deepening Ukraine crisis.
Oil prices rose more than 1% on Monday, with Brent crude topping $114 a barrel, as outages in Libya deepened concern over tight global supply amid the Ukraine crisis.
China is expected to report a sharp deterioration in economic activity in March as COVID-19 outbreaks and lockdowns hit consumers and factories, although first-quarter growth may have perked up due to a strong start early in the year.
China is expected to report a sharp deterioration in economic activity in March as COVID-19 outbreaks and lockdowns hit consumers and factories, although first-quarter growth may have perked up due to a strong start early in the year.
The Bank of Japan (BOJ) is likely to raise its inflation forecast for this fiscal year to near 2% at this month's policy meeting as global commodity inflation drives up energy and food costs, said three sources familiar with the bank's thinking.
The Brazilian government projected on Thursday that the country's debt will reach 79.6% of gross domestic product in 2023, rising to 80.3% in 2024 and remaining at that level in 2025.
The board of governors of the Inter-American Development Bank has approved a resolution to hire an outside firm to investigate allegations that IDB President Mauricio Claver-Carone had an inappropriate relationship with a subordinate, sources familiar with the decision said on Thursday.
U.S. President Joe Biden's plan to expand liquefied natural gas (LNG) shipments to Europe to cut the region's dependence on Russian fuel risks undermining his administration's climate goals by encouraging more gas production and increasing emissions, according to climate experts.
Through most of the pandemic, Kent International, Inc couldn't import enough Chinese-made bicycles to supply Walmart Inc and its other big U.S. retail customers.
Some big U.S. banks have again started stockpiling cash to cushion potential loan losses due to growing worries over the war in Ukraine and the impact of inflation on the U.S.
People on the streets of Berlin have waved Ukrainian flags in demonstrations of support since Russia invaded Ukraine in February.
The International Monetary Fund will cut its global growth estimates for 2022 and 2023 as Russia's war in Ukraine drives food and energy prices higher
The war in Ukraine is prompting the International Monetary Fund to cut global growth estimates for both 2022 and 2023 as higher food and energy prices pressure fragile economies, the IMF's managing director, Kristalina Georgieva, said on Thursday.
U.S. retail sales increased solidly in March, boosted by record- high gasoline prices, but consumers are starting to feel the pinch of high inflation, with online spending posting back-to-back declines for the first time in more than a year.
U.S. retail sales increased solidly in March, boosted by record high gasoline prices, but consumers are starting to feel the pinch of high inflation, with online spending posting back-to-back declines for the first time in more than a year.
Sri Lanka's creditors face losing a third to half of their investment in the country's dollar bonds, after the government announced it would restructure $11 billion worth of debt, the first such financial shake-up in its modern history.
Wall Street was mixed on Thursday at the end of a holiday-shortened week as benchmark bond yields resumed their uphill climb and investors juggled earnings and economic data.
Wall Street closed lower on Thursday at the end of a holiday-shortened week as bond yields resumed their uphill climb and investors contended with mixed earnings and economic data.
The Nasdaq and the S&P 500 fell on Thursday as rising yields weighed on megacap growth stocks, while a slew of Wall Street lenders reported mixed earnings on the last day of a holiday-shortened week.
U.S. oil production forecasts are being revised upwards despite labor and supply chain constraints as higher prices spur more drilling and well completion activity, according to industry experts.
Severe outbreaks of bird flu in the United States and France are tightening global egg supplies and raising prices for the food staple as the war in Ukraine disrupts shipments to Europe and the Middle East.
Boosting enforcement of antidiscrimination and antitrust laws, raising the federal mininum wage and higher unionization rates could substantially boost U.S.
British consumers spent more in early April, partly due to soaring fuel prices, but fewer people left their homes to go to work, shop or socialise, raising the prospect of an economic slowdown caused by a cost-of-living squeeze.
Russian President Vladimir Putin told Chancellor Karl Nehammer during their meeting this week that Austria's supply of gas can continue to be paid for in euros, Nehammer was quoted as saying by Austrian news agency APA.
European shares rose on Thursday as the ECB kept its policy stance largely unchanged and signalled a steady reduction of stimulus over the coming months, spurring money markets to trim rate hike bets for the year.
European shares rose on Thursday as the central bank kept its policy stance largely unchanged and signalled a steady reduction of stimulus over the coming months, spurring money markets to trim rate hike bets for the year.
Singapore and South Korea both tightened monetary policy on Thursday, hot on the heels of rate hikes in Canada and New Zealand, as global policymakers moved quickly to prevent soaring inflation from derailing a fragile world economic recovery.
