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June 4, 2020

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Trump gives U.S. agencies power to fast-track big infrastructure projects

Reuters
by Reuters02
WASHINGTON (Reuters) – U.S. President Donald Trump on Thursday signed an executive order that gives federal agencies emergency powers to fast-track major energy and other infrastructure projects by overriding environmental permitting requirements. FILE PHOTO: U.S. President Donald Trump walks out of the Oval Office to deliver a statement on the......
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Asian stocks reach two-month high on economic recovery hopes

Reuters
by Reuters06
TOKYO/NEW YORK (Reuters) – Asian shares rose to a two-month high on Thursday as expectations of further government stimulus supported investor confidence in an economic recovery from the global coronavirus pandemic. FILE PHOTO: An investor sits next to a stock quotation board at a brokerage office in Beijing, China January......
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Shares, euro climb on robust risk appetite as lockdowns ease

Reuters
by Reuters06
NEW YORK (Reuters) – A gauge of global equity markets rose and the euro gained against the dollar on Wednesday, both for a seventh session, indicating strong risk appetite as easing lockdowns and hopes for more monetary stimulus boosted investor confidence. FILE PHOTO: Traders wear masks as they work on......
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Oil falls from $40 on doubts over early OPEC meeting

Reuters
by Reuters09
LONDON (Reuters) – Oil fell after touching its highest since March at more than $40 a barrel on Wednesday, pressured by doubts that an early meeting of OPEC and its allies to extend existing output cuts will take place. FILE PHOTO: The sun sets behind an oil pump outside Saint-Fiacre,......
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Oil tops $40 on OPEC cuts and demand recovery

Reuters
by Reuters08
LONDON (Reuters) – Oil climbed above $40 a barrel for the first time since March on Wednesday, supported by signs of recovery in coronavirus-hit demand, lower U.S. inventories and expectations that OPEC+ will keep oil output cuts in place. FILE PHOTO: The sun sets behind an oil pump outside Saint-Fiacre,......
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Global shares hit three-month highs on economic recovery hopes

Reuters
by Reuters06
LONDON (Reuters) – World shares hit three-month highs on Wednesday and the dollar fell for the sixth day running as easing lockdowns and hopes for more monetary stimulus gave investors confidence, despite civil unrest in the United States and rising COVID-19 tolls. FILE PHOTO – A general view shows the......
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Reuters - Business

Global shares hit 3-month highs on economic recovery hopes

Reuters
by Reuters09
LONDON (Reuters) – World shares hit three-month highs on Wednesday and the dollar fell for the sixth day running as easing lockdowns and hopes for more monetary stimulus gave investors confidence, despite civil unrest in the United States and rising COVID-19 tolls. FILE PHOTO: Investors look at screens showing stock......
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China drives global oil demand recovery out of coronavirus collapse

Reuters
by Reuters09
BEIJING/NEW YORK/TOKYO (Reuters) – China’s oil demand has recovered to more than 90% of the levels seen before the coronavirus pandemic struck early this year, a surprisingly robust rebound that could be mirrored elsewhere in the third quarter as more countries emerge from lockdowns. FILE PHOTO: Oil and gas tanks......
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Brent oil rises to $40 amid hopes for output cuts, recovery

Reuters
by Reuters08
TOKYO (Reuters) – Oil rose on Wednesday, with Brent at $40 for the first time since March, as optimism mounted that major producers will extend production cuts and a recovery from the coronavirus pandemic will spur fuel demand. FILE PHOTO: The sun sets behind an oil pump outside Saint-Fiacre, near......
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Reuters - Business

Oil hits three-month high over hopes for output cuts

Reuters
by Reuters010
FILE PHOTO: The sun sets behind an oil pump outside Saint-Fiacre, near Paris, France September 17, 2019. REUTERS/Christian Hartmann TOKYO (Reuters) – Oil rose on Wednesday to a near three-month high amid optimism that major producers will extend production cuts as the world recovers from the coronavirus pandemic. Brent crude......
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Reuters - Business

U.S. sanctions four shipping firms for transporting Venezuelan oil

Reuters
by Reuters014
(Reuters) – The U.S. Treasury Department on Tuesday said it had sanctioned four shipping firms for transporting Venezuelan oil, the latest escalation in Washington’s effort to oust socialist President Nicolas Maduro by cutting off the OPEC nation’s crude exports. FILE PHOTO: U.S. Secretary of State Mike Pompeo speaks to the......
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Global shares cruise to three-month highs, dollar shows the strain

Reuters
by Reuters08
LONDON (Reuters) – World stocks climbed towards three-month highs on Tuesday as the global coronavirus recovery effort won out over U.S.-China tensions and the worst civil unrest in the United States in decades. FILE PHOTO – The German share price index DAX graph is pictured at the stock exchange in......
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Reuters - Business

Stocks make cautious gains as U.S.-China frictions slow recovery rally

Reuters
by Reuters06
SINGAPORE (Reuters) – Asian stocks rose on Tuesday as investors’ focus on the prospects of a global coronavirus recovery won out over familiar worries about U.S.-China relations and the depth of economic damage. FILE PHOTO: Passersby wearing protective face masks following an outbreak of the coronavirus disease (COVID-19) are reflected......
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Reuters - Business

Oil prices rise ahead of OPEC+ meeting on extended output cuts

Reuters
by Reuters08
SINGAPORE/MELBOURNE (Reuters) – Oil prices rose on Tuesday, with traders waiting to see whether major producers agree to extend their huge output cuts to shore up prices at a virtual meeting expected later this week. FILE PHOTO: Crude oil storage tanks are seen in an aerial photograph at the Cushing......
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Reuters - Business

Asia stocks make cautious gains as China worries slow recovery rally

Reuters
by Reuters07
SINGAPORE (Reuters) – Asian stocks eked out gains on Tuesday as investors’ focus on the prospects of a global coronavirus recovery won out over familiar worries about Sino-U.S. relations and the depth of economic damage. FILE PHOTO: Passersby wearing protective face masks following an outbreak of the coronavirus disease (COVID-19)......
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Reuters - Business

Oil prices hold ground ahead of OPEC+ meeting on extended output cuts

Reuters
by Reuters08
FILE PHOTO: Crude oil storage tanks are seen in an aerial photograph at the Cushing oil hub in Cushing, Oklahoma, U.S., April 21, 2020. REUTERS/Drone Base/File Photo MELBOURNE (Reuters) – Oil prices rose in early trade on Tuesday, with traders waiting to see whether major crude producers agree to extend......
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Reuters - Business

Stocks under pressure as Trump vows to end violent protests

Reuters
by Reuters010
NEW YORK (Reuters) – Asian stocks were set to come under pressure on Tuesday following a dip in Wall Street futures as U.S. President Donald Trump vowed to use force to end violent protests in American cities, souring a previously upbeat market mood. FILE PHOTO: Passersby wearing protective face masks......
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Reuters - Business

Oil steady as OPEC+ considers extension to crude curbs

Reuters
by Reuters07
FILE PHOTO: A pump jack on a lease owned by Parsley Energy operates in the Permian Basin near Midland, Texas U.S. August 23, 2018. Picture taken August 23, 2018. REUTERS/Nick Oxford LONDON (Reuters) – Oil prices were steady on Monday helped by reports that OPEC and Russia were closer to......
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Reuters - Business

Stocks scale 3-month peak, dollar sags on reopening joy

Reuters
by Reuters011
LONDON (Reuters) – World stocks were just shy of three-month highs and the dollar weakened further on Monday as optimism on economies opening up boosted risk appetite, shrugging off worries over riots in the U.S. and unease over Washington’s power struggle with Beijing. FILE PHOTO – The German share price......
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Reuters - Business

Asia stocks hit 3-month peaks, resilient to U.S. rioting

Reuters
by Reuters012
SYDNEY (Reuters) – Asian shares pushed to three-month highs on Monday as progress on opening up economies helped offset jitters over riots in U.S. cities and unease over Washington’s power struggle with Beijing. FILE PHOTO: A passerby wearing a protective face mask, following an outbreak of the coronavirus, walks past......
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