On Wednesday, the cut its key benchmark rate by 50bps. They have now cut by 150 bps in 2024, compared to what will likely be 100 bps for the after next week’s meeting. Unlike the Fed, Canada’s central bank is fighting off a recession.…
By Olga Popova, Gleb Stolyarov and Jonathan Saul MOSCOW/LONDON (Reuters) - Russian wheat supplies to Syria have been suspended because of uncertainty about the new government and payment delays, Russian and Syrian sources said on Friday,…
Investing.com-- Oil prices rose Friday, on track for hefty weekly gains, on optimism around top importer China’s fresh stimulus measures as well as the potential for additional sanctions on Russia.At 08:15 ET (13:15 GMT), traded 0.4%…
By Julia Payne and Robert Harvey LONDON (Reuters) - Global commodity trading house Trafigura saw a sharp drop in its earnings for 2024 and has revised down its equity and profits for previous years after it discovered a billion-dollar oil…
By Stephanie van den Berg THE HAGUE (Reuters) - The World Court concludes hearings on Friday on countries' legal obligation to fight climate change and whether large states contributing most to greenhouse-gas emissions may be liable for…
By Forrest Crellin PARIS (Reuters) - The shale drilling techniques that led to a boom in oil and gas output have also spurred the development of geothermal, which in theory could provide a stable source of power equal to the demand of…
Analysis from UBS indicates a decrease in the risk premium for European gas, as stable Russian supply has led to a drop in TTF futures below €45/MWh, down from earlier winter highs of €49/MWh. Despite ongoing uncertainties around Russian…
By Anastasiia Malenko and Pavel Polityuk KYIV (Reuters) -Russia launched a large-scale missile attack on Ukrainian energy facilities during the morning rush hour on Friday, Kyiv said, while explosions were heard in the Black Sea port of…
By Ashley Tang and Rajendra Jadhav KUALA LUMPUR/MUMBAI (Reuters) - Malaysia's palm oil production is set to fall for the fourth consecutive month in December as heavy rainfall hit harvesting in the world's second-largest producer of the…