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Stocks Eye 3% Weekly Loss, Dollar Sky High Before U.S. Jobs Data
World stocks were heading for a 3% loss on the week while the dollar hit 24-year highs against the yen for a second day ahead of key U.S. jobs data, as investors brace for aggressive rate hikes from the Federal Reserve.
Oil Gains Ahead Of OPEC+ Meeting; Russian Oil Price Cap Looms
Dec 1, 2022 05:18 AM
Oil prices climbed on bets that OPEC+ will discuss output cuts at a meeting on Sept. 5, though fears of China's COVID-19 curbs and weak global growth continued to limit gains and a potential cap on the price of Russian exports loomed.
Taiwan President Says She Looks Forward To Producing 'Democracy Chips' With U.S
Dec 1, 2022 05:18 AM
Taiwan looks forward to producing "democracy chips" with the United States, President Tsai Ing-wen told the visiting governor of the U.S. state of Arizona, Doug Ducey, the latest in a string of senior officials from the county to visit.
GM, LG Energy Joint Venture Ohio Battery Plant Begins Production
Dec 1, 2022 05:18 AM
A General Motors and LG Energy Solution $2.3 billion joint venture battery production plant in Ohio has begun production.
Oil Dives Nearly $6 A Barrel On Demand Fears, Iraq Exports
Dec 1, 2022 05:17 AM
Oil prices fell nearly $6 a barrel, the steepest decline in about a month, on fears that fuel demand could soften as global central banks hike rates to fight surging inflation, and as unrest in Iraq failed to dent the OPEC nation's crude exports.
This Decade's Oil Boom Is Moving Offshore - Way Offshore
Dec 1, 2022 05:17 AM
Global oil companies are pumping billions of dollars into offshore drilling, reversing a long decline in spending on the decades-long projects including some in the remote iceberg waters far off Canada's Atlantic coast.
Oil Prices Climb 1% As U.S. Fuel Inventories Fall
Dec 1, 2022 05:17 AM
Oil prices recovered slightly as data pointed to firm U.S. fuel demand, providing respite after a 5% drop a day earlier on fears that demand will suffer from increased China COVID curbs and central bank interest rate hikes.
Musk Looks To Delay Twitter Trial Following Whistleblower Claims
Dec 1, 2022 05:17 AM
Elon Musk is seeking to delay until November a trial over his intention to back out of a $44 billion deal to buy Twitter Inc and amend his complaint against the social media company, according to court filings, after a whistleblower provided him with fresh ammunition.
Stellantis Plant In Sochaux Halted Over Chip Shortage
Dec 1, 2022 05:16 AM
Car production at Stellantis' Sochaux car plant in France will be suspended until Saturday, the company confirmed to Reuters, after a union official cited semiconductor shortages as the reason for the interruption.
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