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October 22, 2021

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Oil rises above $85 a barrel, Brent set for seventh weekly gain

Reuters
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 Brent still trading near three-year high WTI set for ninth weekly gain U.S. inventories low, gasoline demand high LONDON, Oct 22 (Reuters) – Oil prices stayed......

EXCLUSIVE UK public’s inflation expectations rocket to record high: GfK

Reuters
People shop at market stalls, with skyscrapers of the CIty of London financial district seen behind, amid the coronavirus disease (COVID-19) pandemic, in London, Britain, January 15, 2021. REUTERS/Toby Melville/Files LONDON, Oct 22 (Reuters) – A record proportion of the British public thinks inflation will accelerate over the next 12......

Few options for G7 trade chiefs to alleviate supply pinch

Reuters
Shipping containers are unloaded from ships at a container terminal at the Port of Long Beach-Port of Los Angeles complex in Los Angeles, California, U.S., April 7, 2021. REUTERS/Lucy Nicholson WASHINGTON, Oct 21 (Reuters) – Trade chiefs from the developed world’s economic powerhouses gathering on Friday have few options at......

Southgate urges Grealish to start scoring for England

Reuters
Oct 3 (Reuters) – Manchester City midfielder Jack Grealish faces a “big challenge” to find his debut goal for England, coach Gareth Southgate said ahead of their forthcoming World Cup qualifiers. Southgate was happy with Grealish’s start to life at new club Manchester City, where he has bagged two goals......

Shipwrecks of World War I are a seabed museum in Turkey

Reuters
SEDDULBAHIR, Turkey, Oct 2 (Reuters) – Turkey’s newest park is an underwater museum of fourteen shipwrecks that lie beneath the waves of the Dardanelles Strait, a glimpse into the fierce battles between Ottoman and Allied forces in World War I. Turkish photographer Savas Karakas was one of the first to......

Willett leads heading into final round of Alfred Dunhill Links Championship

Reuters
Golf – The 149th Open Championship – Royal St George’s, Sandwich, Britain – July 15, 2021 England’s Danny Willett in action during the first round REUTERS/Rebecca Naden Oct 2 (Reuters) – Former Masters champion Danny Willett produced an impressive bogey-free round of six-under 66 to claim a three-shot lead at......

Fuel shortages remain in south east England but improvements elsewhere

Reuters
LONDON, Oct 2 (Reuters) – Gas stations in London and southeast England continue to suffer a lack of fuel although the situation has improved in northern England and Scotland, the Petrol Retailers Association (PRA) said on Saturday. Britain will from Monday deploy military tanker drivers to deliver fuel after a......

Eyes of the world will be on Scotland for climate summit, queen says

Reuters
LONDON, Oct 2 (Reuters) – The world’s attention will be focused on Scotland for next month’s climate summit, Queen Elizabeth told Scottish lawmakers on Saturday, adding that they would have an important role making a better, healthier world. The queen opened the Scottish parliament on Saturday with fond remarks, four......

Petrofac considers refinancing as faces possible $240 mln bribery fine

Reuters
LONDON, Oct 2 (Reuters) – British oil services group Petrofac (PFC.L) said it is looking at refinancing options including debt and fresh equity as it faces a possible $240 million fine from a London court. Petrofac decided to plead guilty to seven charges after a four-year Serious Fraud Office (SFO)......

Mexico launches reform to put state in charge of power market

Reuters
Bill aims to concentrate regulatory power with state Bill seeks to reserve future lithium extraction for the state Lopez Obrador faces challenge getting law through Congress MEXICO CITY, Oct 1 (Reuters) – Mexico’s leftist government on Friday pitched a constitutional reform to bolster state control of the electricity market, seeking......

British gas pumps still dry, pig cull fears grow

Reuters
A worker guides vehicles into the forecourt as they queue to refill at a fuel station in London, Britain, September 30, 2021. REUTERS/Hannah McKay Many gas stations still closed – Reuters reporters Britain says crisis stabilising More than a quarter of gas stations dry Pig cull fears: farmers warn butcher......

Merck KGaA, GSK end partnership on former cancer drug hopeful

Reuters
FRANKFURT, Sept 30 (Reuters) – Germany’s Merck KGaA (MRCG.DE) and Britain’s GlaxoSmithKline (GSK.L) on Thursday ended their collaboration on cancer treatment bintrafusp alfa, once seen as one of Merck’s most promising experimental drugs. Merck said the move was a mutual decision, mostly due to disappointing lung cancer trial data, adding......

Analysis: From chips to ships, shortages are making inflation stick

Reuters
A gas burner is pictured on a cooker in a private home in Bordeaux, soutwestern France, December 13, 2012. REUTERS/Regis Duvignau Analysts still view price pressures as temporary But watching supply, worker shortages closely U.S. seen more at risk from wage-induced inflation LONDON, Sept 30 (Reuters) – Soaring gas prices,......

Bout manipulation existed at Rio 2016 Olympics, says independent report

Reuters
2016 Rio Olympics – Boxing – Quarterfinal – Men’s Fly (52kg) Quarterfinals Bout 247 – Riocentro – Pavilion 6 – Rio de Janeiro, Brazil – 17/08/2016. The hands of an official are seen during the bout. REUTERS/Peter Cziborra Sept 30 (Reuters) – A bout manipulation system existed in boxing at......

Pandemic recovery fuels deal craze as third-quarter M&A breaks all records

Reuters
Global M&A hits all-time peak of $1.52 trillion in Q3 Cheap financing drives desire for transformative deals Volumes double in Europe driven by private-equity buyouts U.S. activity up 32% to $581 billion, Asia Pacific up 21% Frantic dealmaking surpasses all full-year records LONDON, Sept 30 (Reuters) – Global mergers and......

EXCLUSIVE The king of oil bets on batteries for a green world

Reuters
Alex Beard, head of oil at trading firm Glencore, looks on during an interview in Tlalnepantla, state of Mexico, Mexico, August 17, 2017. REUTERS/Ginnette Riquelme/File Photo Beard’s fund to invest in UK battery storage Batteries can cushion shocks and help power trading UK facing energy crisis LONDON, Sept 30 (Reuters)......

Powell: “Tension” between jobs, inflation is the chief challenge facing Fed

Reuters
Federal Reserve Chairman Jerome Powell testifies during a Senate Banking, Housing and Urban Affairs Committee hearing on the CARES Act, at the Hart Senate Office Building in Washington, DC, U.S., September 28, 2021. Kevin Dietsch/Pool via REUTERS Sept 29 (Reuters) – Resolving “tension” between high inflation and still-elevated unemployment is......

In Arizona, Rio Tinto CEO seeks ‘win-win’ for Resolution copper project

Reuters
A sign adorns the building where mining company Rio Tinto has their office in Perth, Western Australia, November 19, 2015. REUTERS/David Gray Sept 29 (Reuters) – A key Native American leader in Arizona declined to meet Rio Tinto Plc’s (RIO.L)(RIO.AX) chief executive this week, the latest roadblock in the mining......

Evergrande set to miss second offshore bond coupon payment this month, sources say

Reuters
Some Evergrande bondholders had not received coupon on Wednesday Evergrande was facing Wednesday deadline for $47.5 mln payment Company sold $1.5 billion stake in Shengjing Bank Shares in Evergrande rise as much as 17% HONG KONG, Sept 29 (Reuters) – At least some of China Evergrande’s offshore bondholders had not......

Bond is back: 007 film ‘No Time To Die’ premieres in London

Reuters
LONDON, Sept 28 (Reuters) – With a guest list made up of Oscar winners and British royalty, James Bond film “No Time To Die” finally held its delayed world premiere in London on Tuesday in the cinema’s most high profile red carpet since the start of the COVID-19 pandemic. Wet......

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