EU countries approve energy windfall levies, turn to gas price cap

EU approves energy windfall profit levies Countries eye gas price caps as their next move States split over how to contain sky-high prices BRUSSELS, Sept 30 (Reuters) – European Union countries agreed on Friday to impose emergency levies on energy firms’ windfall profits, and began talks on their next move to tackle Europe’s energy crunch … Read more

Oil settles lower after hitting $ 90 / bbl as OPEC + considers output cut

OPEC + has begun talks on output cut at Oct. 5 meet – OPEC source Russia seen suggesting OPEC + cuts output by 1 mln bpd – source US markets slide on Fed’s aggressive moves to tame inflation US production to return after shutting for Hurricane Ian NEW YORK, Sept 29 (Reuters) – Oil prices … Read more

Exclusive: Europe braces for mobile network blackouts

PARIS / STOCKHOLM / MILAN, Sept 29 (Reuters) – Once unthinkable, mobile phones could go dark around Europe this winter if power cuts or energy rationing knocks out parts of the mobile networks across the region. Russia’s decision to halt gas supplies via Europe’s key supply route in the wake of the Ukraine conflict has … Read more

Rampant dollar pauses for breath as bears stalk stocks

Register now for FREE unlimited access to Register HONG KONG, Sept 27 (Reuters) – Asian markets attempted to stabilize on Tuesday after a wild few days during which most assets, barring the dollar, fell, with the greenback easing a bit and stocks flat. Sterling, which collapsed to a record low $ 1.0327 on Monday, … Read more

Oil prices fall for a second day on concerns for expected recession

Model of Oil barrels are seen in front of rising stock graph in this illustration, July 24, 2022. REUTERS / Dado Ruvic / Illustration Register now for FREE unlimited access to Register Sept 26 (Reuters) – Oil prices fell for a second day on Monday on fears of lower fuel demand from an expected … Read more

Sterling collapses as investors fly into dollars

Register now for FREE unlimited access to Register Sterling hits record low; risk of BOE response Euro down 1%; Aussie, kiwi, yuan hit multi year lows S&P 500 futures drop 0.6% SYDNEY, Sept 26 (Reuters) – Sterling slumped to a record low on Monday, prompting speculation of an emergency response from the Bank of … Read more

Oil plunges to eight-month low on strong dollar, recession fears

A general view shows the oil refinery of the Lukoil company in Volgograd, Russia April 22, 2022. REUTERS / REUTERS PHOTOGRAPHER Register now for FREE unlimited access to Register Brent, WTI down about 5% for week Recession fears weigh as major central banks hike rates Stalled Iran nuclear deal, Ukraine fears cap oil’s losses … Read more

Yen spikes after Japan intervention, stocks slump

Japan intervenes after dollar / yen breaks 145 Central bank bonanza as UK, Swiss, Norway hike Stocks slump on Wall Street, in Europe, Asia Bond yields rise after Fed rate hike NEW YORK / LONDON, Sept 22 (Reuters) – The yen spiked higher on Thursday after the Federal Reserve’s strong stance on rates the day … Read more

Europe burns cash to help businesses in energy crisis

Register now for FREE unlimited access to Register European gas prices have soared amid Ukraine crisis Utilities face liquidity crunch Germany will ‘do everything possible’ to help firms Russian mobilization triggers oil price jump BERLIN / LONDON, Sept 21 (Reuters) – Germany nationalized gas importer Uniper (UN01.DE) on Wednesday and Britain said it would … Read more

Stocks fall, bonds and gold gain as Russia threats add to Fed jitters

Register now for FREE unlimited access to Register LONDON, Sept 21 (Reuters) – Stocks fell, while safe havens such as government bonds and the dollar rose, as anxious investors fled risk assets after Russian President Vladimir Putin on Wednesday ordered a mobilization over Ukraine and accused the West of “nuclear blackmail” . European currencies … Read more