ECONOMY & MARKETS

The shrinking discount of U.S. crude to Brent and rising Canadian oil imports this month will send more barrels to the top U.S.

The Panama Canal has seen a 30% fall in the traffic of vessels carrying liquefied natural gas (LNG), driven by Asia's weak demand for U.S.

The second-largest U.S. liquefied natural gas (LNG) exporter on Wednesday said it reached an agreement with a federal regulator that will allow it to resume some operations at its Quintana, Texas, plant in October.

U.S. oil producer APA Corp said on Wednesday it bought West Texas properties for $505 million during the second quarter, bolstering its position in the Delaware portion of the Permian shale basin.

U.S. oil producer APA Corp agreed to pay about $700 million for West Texas properties owned by closely held Titus Oil & Gas LLC, three people familiar with the matter told Reuters.

Brigham Minerals Inc, a company that owns the rights to extract oil and natural gas from land across numerous U.S.

Argentina's new economy minister, Sergio Massa, announced a list of measures on Wednesday aimed at healing the country's ailing finances, including pledges to meet a key deficit target and stick with already agreed debt payments.

Argentina's new economy minister, Sergio Massa, announced a list of measures on Wednesday aimed at healing the country's ailing finances, including pledges to meet a key deficit target and stick with already agreed debt payments.

Argentina's latest economy minister, Sergio Massa, formally took the reins of his newly-dubbed "superministry" on Wednesday, with expectations that he will announce spending cuts to calm markets amid a deepening economic crisis.

Federal Reserve officials voiced their determination again on Wednesday to rein in high inflation, although one noted a half-percentage-point hike in the U.S.

A roaring rebound in U.S. corporate bonds is being met with skepticism by some investors, who believe the gains may be short-lived as recession fears dampen the outlook for the $10 trillion market.

It would be 'reasonable' for the Federal Reserve to raise interest rates by 50 basis points next month if the economy evolves as expected, San Francisco Fed President Mary Daly said on Wednesday, as she cautioned once again that policymakers are resolute in reducing decades-high inflation.

The pace of job creation is slowing in Canada, hammered by the sharp rise in interest rates, but that is yet to hold back companies from hiring as they face a tight labour market that has pushed the unemployment rate to a record low.

Wall Street's most closely watched gauge of market anxiety shows expectations of choppy trading ahead despite a recent snapback in U.S.

Five former U.S. Treasury secretaries - four Democrats and one Republican -- on Wednesday voiced support for a proposed $430 billion drugs, energy and tax bill, saying that it would reduce costs for middle-class families.

The U.S. services industry unexpectedly picked up in July as new orders grew solidly, supporting views that the economy was not in recession despite output slumping in the first half.

The U.S. services industry unexpectedly picked up in July as new orders grew solidly, supporting views that the economy was not in recession despite output slumping in the first half.

European banks are hoping the boost to their businesses from higher interest rates will be long-lasting as they navigate the economic fallout of war, soaring inflation, and a looming energy crisis.

Gold will average $1,745 an ounce in 2023, slightly below current prices, as high interest rates and a strong dollar reduce its appeal, a Reuters poll showed on Wednesday.

U.S. stock indexes rose on Wednesday on strong results from PayPal and CVS Health, with investors awaiting services activity data for clues on the health of the economy struggling with soaring inflation and tightening financial conditions.

Wall Street ended sharply higher on Wednesday, with strong profit forecasts from PayPal and CVS Health Corp lifting sentiment and helping elevate the Nasdaq to its highest level since early May.

Wall Street rallied on Wednesday, with strong profit forecasts from PayPal and CVS Health Corp lifting sentiment and helping drive the Nasdaq to its highest level since early May.

Emerging Asian equities ex-China saw monthly foreign inflows in July, after six months of capital withdrawals, as investors bet that the size of U.S.

Euro zone retail sales plunged in June and factory gate prices continued to rise, data showed on Wednesday, adding to fears the 19-country single currency zone is heading for recession.

OPEC+ is set to raise its oil output goal by 100,000 barrels per day, an amount analysts said was an insult to U.S.

OPEC+ might have to raise oil production to avoid market overheating, OPEC+ member Kazakhstan said on Wednesday, as the group of oil producers meets amid U.S.

Major developed and emerging market central banks around the globe delivered nearly 1,200 basis points in interest rate hikes in July alone, ramping up their fight against multi-decade high inflation with Canada surprising markets with an outsized move.

New Zealand video game developer PikPok found a solution to prolonged difficulty in finding experienced workers: Colombia.

The post-pandemic inflation surge clearly persisted too long for central banks to ignore - but investors sceptical of some multi-year regime change or paradigm shift still feel emboldened.