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Column: The recession will be necessary to rebalance the oil market

Column: The recession will be necessary to rebalance the oil market

LONDON, Sept 22 (Reuters) – Unused capacity in global oil production has fallen to exceptionally low levels, contributing to intense upward pressure on prices until very recently. Restoring idle capacity to more comfortable levels will require a slowing of the business cycle, which is why a recession or at least a serious downturn is inevitable. …

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Asian stocks fall, yields rise as markets brace for aggressive Fed

Asian stocks fall, yields rise as markets brace for aggressive Fed

Visitors walk past the Japan Nikkei stock price quotation board inside a conference hall in Tokyo, Japan September 14, 2022. REUTERS/Issei Kato/File Photo Join now for FREE unlimited access to Reuters.com Register TOKYO, Sept 21 (Reuters) – Stocks in Asia fell and bond yields rose on Wednesday as investors braced for another aggressive interest rate …

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Stocks tight, dollar bullish for central bank frenzy

Stocks tight, dollar bullish for central bank frenzy

Passers-by wearing protective face masks walk past a stock market quotation board in Tokyo, Japan February 24, 2022. REUTERS/Issei Kato Join now for FREE unlimited access to Reuters.com Register https://tmsnrt.rs/2zpUAr4 S&P 500 futures slide, Nikkei futures fall Fed tops central bank meetings Market tilts towards 75 bps from Fed, PBOC eases Dollar firm near multi-year …

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Biden, unions and railroad leaders fight for deal as shutdown looms

Biden, unions and railroad leaders fight for deal as shutdown looms

DETROIT/LOS ANGELES, Sept 14 (Reuters) – Biden administration officials held labor contract talks on Wednesday evening to avoid a possible rail shutdown that could disrupt freight shipments and hamper food supplies and fuel, but a small union rejected a deal and Amtrak called it all off. long-distance passenger travel. Railroads including Union Pacific (UNP.N), Berkshire …

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Google loses challenge to EU antitrust ruling, more probes loom

Google loses challenge to EU antitrust ruling, more probes loom

Join now for FREE unlimited access to Reuters.com Register LUXEMBOURG, Sept 14 (Reuters) – Google suffered one of its biggest setbacks on Wednesday when a top European court fined it 4.125 billion euros ($4.13 billion) for using its Android mobile operating system to thwart rivals, setting a precedent for other regulators. upward pressure. The unit …

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Asian stocks extend global rout, yen rallies on intervention indices

Asian stocks extend global rout, yen rallies on intervention indices

An electronic stock quotation board is displayed in a conference room in Tokyo, Japan November 1, 2021. REUTERS/Issei Kato Join now for FREE unlimited access to Reuters.com Register https://tmsnrt.rs/2zpUAr4 Nikkei falls 2.3%, S&P 500 futures stabilize The dollar falls 0.6% against the yen following the announcement of a rate control by the BoJ US 2-year …

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Germany and the EU in the race to solve the energy crisis

Germany and the EU in the race to solve the energy crisis

Join now for FREE unlimited access to Reuters.com Register Germany plans to expand loans to energy companies EU securities watchdog mulls EU-wide measures The Commission will announce broader plans on Wednesday BERLIN/FRANKFURT, Sept 13 (Reuters) – Germany will step up lending to energy firms threatened with being crushed by soaring gas prices, it said on …

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