UK tax rollback sends equities and pound rebounding

Britain abandons small part of tax plan; relieved markets The Reserve Bank of Australia surprises with a short hike high VIX; Credit Suisse shares slide to nerves below SYDNEY, Oct 4 (Reuters) – Asian stocks rebounded on Tuesday after Britain scrapped elements of a controversial tax cut plan, temporarily improving global market sentiment and rallying … Read more

Pound jumps after UK tax cut rescinded, oil climbs higher

TOKYO, Oct 3 (Reuters) – Oil surged on Monday as OPEC+ considered cutting output at its meeting later this week, while the pound appreciated after the British government announced it would would undo a controversial tax cut that had rocked UK markets. Asian stocks mostly fell over the holidays, although Japanese markets found support from … Read more

Oil rebounds 3% as OPEC+ weighs biggest production cut since 2020

OPEC+ eyes cut of more than 1 million bpd – sources China issues largest quota of petroleum products this year SINGAPORE, Oct 3 (Reuters) – Oil prices jumped more than 3% at the start of Asian trading on Monday as OPEC+ plans to cut production by more than a million barrels a day for its … Read more

OPEC+ eyes oil cut of over 1 million barrels a day

Cuts could include Saudi voluntary cut Biggest reduction since pandemic reduction Oil fell on Fed rate hike and weak economy DUBAI, Oct 2 (Reuters) – OPEC+ will consider an oil production cut of more than one million barrels per day (bpd) next week, OPEC sources said on Sunday, in what would be the biggest move … Read more

Fourth leak found on Nord Stream pipelines, Swedish Coastguard says

OSLO, Sept 29 (Reuters) – Sweden’s coast guard discovered a fourth gas leak on damaged Nord Stream pipelines earlier this week, a spokesman told newspaper Svenska Dagbladet. The European Union suspects sabotage is behind gas leaks on Russian undersea pipelines to Europe and has promised a “robust” response to any intentional disruption of its energy … Read more

Oil prices rise on surprise drop in US crude and fuel inventories

NEW YORK, Sept 28 (Reuters) – Oil prices rose on Wednesday on unexpected declines in U.S. crude and fuel inventories, offsetting downward pressure from the continued strength of the U.S. dollar. Brent crude futures were up $2.33, or 2.7%, at $88.60 a barrel as of 11:05 a.m. EST (1505 GMT). U.S. West Texas Intermediate (WTI) … Read more

Crawling dollar pauses for breath as bears stalk stocks

Join now for FREE unlimited access to Register HONG KONG, Sept 27 (Reuters) – Asian markets tried to stabilize on Tuesday after a wild few days in which most assets except the dollar fell, the greenback easing a bit and stocks stagnant. The pound, which slumped to a record low of $1.0327 on Monday, … Read more

Oil prices drop to 9-month lows as dollar strengthens

The pattern of oil barrels is seen in front of the rising stock market chart in this illustration, July 24, 2022. REUTERS/Dado Ruvic/Illustration Join now for FREE unlimited access to Register Sept 26 (Reuters) – Oil prices hit their lowest level in nine months in choppy trade on Monday, under pressure from a strengthening … Read more