The TBS television channel reported that Japan intends to ease entry procedures into the country for those coming from China by canceling the requirement to undergo a Corona examination before boarding and upon arrival, as of March 1. The channel said, quoting several government sources, that Japan will cancel the …
Read More »No significant changes to oil while Russia continues its plans to cut production
Oil prices were little changed in early trading on Monday, as Russia continued its plans to cut its production further to support prices, while rising crude inventories in the United States and rising risks from global inflation weighed on prices. US West Texas Intermediate crude futures were trading at $76.36 …
Read More »Warner Bros Discovery falls as results trail estimates
Shares of Warner Bros Discovery are trading over 3% lower in pre-market Friday after the entertainment company reported worse-than-expected results for its fourth quarter. WBD posted a loss per share of $0.86 on revenue of $11.01 billion. Analysts were expecting a loss per share of $0.29 on sales of $11.23B. The parent …
Read More »Reuters: U.S., China to hold deputy-level bilateral talks on debt
The United States and China will hold deputy-level talks between their finance officials on Friday to discuss debt and other issues on the sidelines of a G20 finance meet in India, two sources familiar with the matter told Reuters. U.S. Treasury Secretary Janet Yellen said on Thursday, ahead of a meeting …
Read More »UK issues export bans on every item used by Russia in war
Britain marked the one-year anniversary of the invasion of Ukraine by issuing more sanctions against Russia, including export bans on every item it has used on the battlefield and import bans of iron and steel goods. Britain has frozen assets and targeted a wave of Russian officials and companies in …
Read More »A slight decline in gold due to concerns about rates
Gold prices fell slightly on Friday as investors worried that stronger-than-expected recent US economic data could prompt the Federal Reserve to continue raising interest rates for a longer period. Spot gold fell 0.1 percent to $1,821.80 an ounce, by 0745 GMT. While US gold futures rose 0.2 percent to $1,831.00. …
Read More »European stocks rise with the support of French Saint-Gobain and Swedish Elekta
European stocks opened higher on Friday, February 24, supported by optimistic earnings reports from French building materials company Saint-Gobain and Swedish medical equipment Elekta. The Stoxx 600 rose 0.4%, tracking the rally in Asian markets after the Bank of Japan’s exclusion of an early end to monetary easing pushed down …
Read More »German GDP contracted 0.4% in Q4
The German economy contracted at the end of last year as inflation and the energy crisis affected household consumption and capital investment. The Federal Statistics Office said on Friday that the country’s economy contracted 0.4 percent in the last quarter of 2022 compared to the previous three months. Preliminary data …
Read More »Oil is rising, supported by fears of a reduction in Russian supplies
Oil prices extended their gains for the second consecutive session on Friday, as the impact of expectations of lower exports from Russia outweighed the increase in inventories in the United States. By 0215 GMT, Brent crude futures were up 61 cents, or 0.7 percent, at $82.82 a barrel. West Texas …
Read More »Reuters sources: Russia plans to reduce its oil exports by up to 25%
According to a press report, Russia plans to implement significant cuts to its oil exports in order to raise the price of crude for the West. And according to what sources told Reuters, Russia may reduce shipments from its western export hubs by up to 25% by March. The sources …
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