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August 18, 2022

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U.S. gasoline prices fall below $4 for first time since March

Reuters
A gas pump is inserted inside an Audi vehicle at a Mobil gas station in Beverly Boulevard in West Hollywood, California, U.S., March 10, 2022. Picture taken March 10, 2022. REUTERS/Bing Guan Register now for FREE unlimited access to Reuters.com Register Aug 11 (Reuters) – The average price of U.S.......

The big default? The dozen countries in the danger zone

Reuters
LONDON, July 15 (Reuters) – Traditional debt crisis signs of crashing currencies, 1,000 basis point bond spreads and burned FX reserves point to a record number of developing nations now in trouble. Lebanon, Sri Lanka, Russia, Suriname and Zambia are already in default, Belarus is on the brink and at......

Texas grid facing another power shortage amid extreme heat

Reuters
Texans asked to cut power usage for third time this year Coal and gas plant outages and low wind power weigh on supply July 13 (Reuters) – Texas’s power grid operator on Wednesday asked homes and businesses to raise thermostats and cut power use amid stifling heat that threatened to......

Asia spot prices jump amid stronger demand, concerns over Russia

Reuters
A liquefied natural gas (LNG) tanker is tugged towards a thermal power station in Futtsu, east of Tokyo, Japan November 13, 2017. REUTERS/Issei Kato Register now for FREE unlimited access to Reuters.com Register LONDON, July 1 (Reuters) – Asian spot liquefied natural gas (LNG) prices continued to rise this week......

Argentina trucker strike ends, boosting grains exports

Reuters
An agricultural worker operates a tractor with a seeder to sow wheat on farmland in Comodoro Py, on the outskirts of Buenos Aires, Argentina June 21, 2022. REUTERS/Matias Baglietto Register now for FREE unlimited access to Reuters.com Register BUENOS AIRES, June 30 (Reuters) – An Argentine truckers strike ended on......

Emerging markets face bleak outlook after stormy start to the year

Reuters
An electronic board showing the graph of the recent fluctuations of market indices is seen as a man works on the floor of Brazil’s B3 Stock Exchange in Sao Paulo, Brazil, July 25, 2019. REUTERS/Amanda Perobelli/File Photo Register now for FREE unlimited access to Reuters.com Register War worries and rate......

U.S. power companies face supply-chain crisis this summer

Reuters
June 29 (Reuters) – U.S. power companies are facing supply crunches that may hamper their ability to keep the lights on as the nation heads into the heat of summer and the peak hurricane season. Extreme weather events such as storms, wildfires and drought are becoming more common in the......

Analysis: For central bankers, tighter financial conditions may be an ally

Reuters
Pedestrians and a traffic light stop sign are reflected on a quotation board in Tokyo, Japan February 26, 2021. REUTERS/Kim Kyung-Hoon/File Photo Register now for FREE unlimited access to Reuters.com Register LONDON, June 15 (Reuters) – Slumping stocks and surging bond yields are rapidly crimping global financial conditions, yet given......

Texas power use to hit record as temperatures soar

Reuters
Overhead power lines are seen during record-breaking temperatures in Houston, Texas, U.S., February 17, 2021. REUTERS/Adrees Latif Register now for FREE unlimited access to Reuters.com Register June 6 (Reuters) – Power demand in Texas is set to break its all-time record this week, testing the resilience of the grid after......

U.S. weekly jobless claims rise; productivity plunges at fastest pace in 74 years

Reuters
Weekly jobless claims increase 19,000 to 200,000 Continuing claims fall 19,000 to 1.384 million Productivity plunges at 7.5% rate in first quarter WASHINGTON, May 5 (Reuters) – New claims for U.S. unemployment benefits increased to a more than two-month high last week, but remained at a level consistent with tightening......

Investor pessimism mounts as more Fed rate hikes loom

Reuters
A trader works on the floor of the New York Stock Exchange shortly after the market opened in New York September 1, 2015. REUTERS/Lucas Jackson/Files Register now for FREE unlimited access to Reuters.com Register NEW YORK, May 4 (Reuters) – Stock market investors are heading into the U.S. Federal Reserve’s......

Bunge lifts 2022 earnings outlook as Ukraine war crimps crop supplies

Reuters
The sun sets behind grain elevators at the Bunge Grain facility along the Ohio River in Owensboro, Kentucky, U.S., September 16, 2017. REUTERS/Brian Snyder/File Photo Register now for FREE unlimited access to Reuters.com Register April 27 (Reuters) – Global farm commodities merchant Bunge Ltd (BG.N) on Wednesday reported a higher......

Tesla earnings may come under pressure from Shanghai factory halt

Reuters
Tesla China-made Model 3 vehicles are seen during a delivery event at the carmaker’s factory in Shanghai, China January 7, 2020. REUTERS/Aly Song/File Photo Register now for FREE unlimited access to Reuters.com Register SAN FRANCISCO, April 19 (Reuters) – Tesla investors on Wednesday will keep an eye on whether the......

Higher gasoline prices flatter U.S. retail sales; consumers remain resilient

Reuters
Shoppers look for deals at the Pentagon City Mall in Arlington, Virginia, U.S., November 29, 2019. REUTERS/Loren Elliott/File Photo Register now for FREE unlimited access to Reuters.com Register Retail sales increase 0.5% in March Gasoline accounts for bulk of rise in sales Core retail sales dip 0.1%; online sales drop......

Asian LNG prices stable on weak demand

Reuters
A liquefied natural gas (LNG) tanker is tugged towards a thermal power station in Futtsu, east of Tokyo, Japan November 13, 2017. REUTERS/Issei Kato Register now for FREE unlimited access to Reuters.com Register LONDON, April 14 (Reuters) – Asian spot liquefied natural gas (LNG) prices were stable this week continued......

Column: Ebbing dollar reserves only scratch on dominance :McGeever

Reuters
United States one dollar bills are put in packaging bands during production at the Bureau of Engraving and Printing in Washington November 14, 2014. REUTERS/Gary Cameron/File Photo Register now for FREE unlimited access to Reuters.com Register ORLANDO, Fla., April 6 (Reuters) – The U.S. dollar’s share of world currency reserves......

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