With both economic and data continuing to weaken, of Fed rate cuts are rising. Notably, following the latest consumer price index (CPI) report, which was weaker than expected, the odds of Fed rate cuts by September rose sharply.…
By Scott DiSavino NEW YORK (Reuters) -Oil prices climbed about 2% on Wednesday on a bigger-than-expected weekly drop in stockpiles and as a weaker U.S. dollar overshadowed signs of lower economic growth in China. futures rose $1.35, or…
Investing.com-- Oil prices rose Wednesday, as data showing a much-larger-than decline in U.S. crude supplies pointed to improving summer demand and ease worries about weakness in China. At 14:30 ET (13:25 GMT), rose 1.6% to…
US economic activity is on track to remain slow in this month’s second-quarter report. The expansion is expected to continue via the government’s data, but today’s revised nowcast for Q2 suggests that output will remain more or less…
Nairobi — A new survey has revealed that 72.7 percent of Kenyans want former Interior Ministry Cabinet Secretary Kithure Kindiki to be reappointed to his former docket due to his performance.
According to the study by Politrack Africa,…
By Arunima Kumar BENGALURU (Reuters) - Oil prices rose on Wednesday, a day after benchmark Brent hit a one-month low, as a decline in U.S. oil stockpiles and a weaker dollar overshadowed signs of weakening demand in China. futures were…
By Mayela Armas and Vivian Sequera TUREN, Venezuela/CARACAS (Reuters) - More than 300 hectares (740 acres) of verdant corn and rice planted by Roberto Latini in the western Venezuelan state of Portuguesa undulate under a bright sun and…
By Julie Ingwersen CHICAGO (Reuters) - A Biden administration drive to increase U.S. wheat plantings after the Ukraine war is faltering as wheat prices hover around four-year lows and exportable supplies continue to flow from the Black Sea…
ABU DHABI (Reuters) - The United Arab Emirates is considering building a second nuclear power plant to meet growing demand for electricity in the oil-rich Gulf state, a government official told Reuters. The country of some 10 million…