European shares slide, oil recovers, merchants await US jobs information

LONDON, August 5 (Reuters) – European stocks fell slightly on Friday but are still set for weekly gains, while traders await US jobs data late in the session to provide clues to the health of the world’s largest economy. The MSCI World Stock Index, which tracks stocks in 47 countries, was up 0.2% and is … Read more

BP raises dividend after income hit 14-year excessive

Profit soars to $8.45 billion, far exceeds forecast BP increases dividend by 10% CEO says BP boosts spending on oil and gas Profits driven by strong oil business, influenced by LNG LONDON, August 2 (Reuters) – BP’s (BP.L) Second-quarter profit jumped to $8.45 billion, its highest in 14 years, as strong margins and its refining … Read more

Asian shares slide with US yields on Pelosi jitters; Aussie drops

A man wearing a face mask, amid the coronavirus disease (COVID-19) pandemic, walks past a screen showing the Shanghai Composite, Nikkei and Dow Jones Industrial Average outside a company brokerage in Tokyo, Japan, February 14, 2022. REUTERS / Kim Kyung-Hoon Sign up now for FREE unlimited access to Register TOKYO, Aug 2 (Reuters) – … Read more

World shares have finest month since late 2020, greenback slips

The MSCI World Index rose 0.3%; nearly 6% in the month The dollar fell 0.5% against a basket of major peers Markets bet US slowdown to rein in rate tightening LONDON/SINGAPORE, JULY 29 (Reuters) – Global stocks rose on Friday, their best month of course since late 2020 as traders bet a weakening US economy … Read more

Shares supply rebound, hampered by weakening world financial system

China’s economy slows down in Q2 US Yields, Dollar Drop Again After Fed Officials Comments European markets firmer, ahead of political crisis in Italy LONDON, July 15 (Reuters) – World stocks managed to push higher on Friday after four days of losses on growing fears of a recession, although growth concerns were dispelled by The … Read more

Texas grid operator warns of potential blackouts amid scorching warmth

Power lines are seen during a heatwave with an expected temperature of 102 F (39 C) in Dallas, Texas, U.S. June 12, 2022. REUTERS/Shelby Tauber/File Photo Sign up now for FREE unlimited access to Register HOUSTON, July 10 (Reuters) – Texas’ grid operator on Sunday urged state residents for a second time this year … Read more

Ships are getting older and slower as emissions guidelines apply

Average ship age more than two years as of 2017 New emissions rules could force older ships to go slower 1/5 of ships are equipped with energy-saving equipment New ships and alternative fuels are the long-term solution LONDON, July 11 (Reuters) – If shipping is the beating heart of global trade, its pulse is about … Read more

Shares slide forward of US inflation information, earnings hurdles

People walk past an electronic screen showing Japan’s Nikkei stock price index inside a hall in Tokyo, Japan June 14, 2022. REUTERS / Issei Kato Sign up now for FREE unlimited access to Register European shares fall 1.3%, S&P 500 futures drop 0.8% Dollar tops 137 yen ahead of US CPI, inflation expectations Banks … Read more

Oil from US reserves is shipped overseas as a result of gasoline costs are nonetheless excessive

HOUSTON, july 5 (Reuters) – More than 5 million barrels of oil in a historic emergency release of US reserves to lower domestic fuel prices were exported to Europe and Asia last month, according to HOUSTON, July 5 (Reuters) data and sources, including US gasoline and diesel prices hit record highs. Crude oil and fuel … Read more

Norwegian oil employees begin strike, lower manufacturing

OSLO, July 5 (Reuters) – Norwegian workers began a strike on Tuesday that will reduce oil and gas output, the union leading industrial activity told Reuters. The strike, in which workers are demanding higher wages to offset rising inflation, comes amid high oil and gas prices, with natural gas supplies to Europe particularly tight after … Read more