Tag Archives: economic

Oil steady but oversupply, economic growth weigh

LONDON (Reuters) – Oil prices steadied on Monday after slipping by around 2 percent last week, but remained under pressure from oversupply and concern over the prospects for global economic growth and fuel demand. A gas station worker pumps fuel into a motorbike at a gas station of the Venezuelan state-owned oil company PDVSA in Caracas, Venezuela November 2, 2018. ...

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Oil prices rise, but global economic concerns weigh

SINGAPORE (Reuters) – Oil prices climbed on Monday after U.S. drilling activity fell to its lowest level in about two months, but increasing concerns about weaker growth in major economies kept a lid on gains. A gas station worker pumps fuel into a motorbike at a gas station of the Venezuelan state-owned oil company PDVSA in Caracas, Venezuela November 2, ...

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Weak economic data send world stocks tumbling

LONDON (Reuters) – Stocks worldwide tumbled on Friday after weak economic data from China and Europe fanned concerns of a global economic slowdown and left investors fretting over the wider impact of a still-unresolved Sino-U.S. trade dispute. FILE PHOTO: Men look at stock quotation boards outside a brokerage in Tokyo, Japan, December 5, 2018. REUTERS/Issei Kato The MSCI All-Country World ...

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Yellow vest protests ‘economic catastrophe’ for France

Image copyright Reuters Image caption About 10,000 took to the streets of Paris The “yellow vest” protests have been “a catastrophe” for the French economy, the finance minister says. France has seen four consecutive weekends of demonstrations against fuel tax rises, high living costs, and other issues. About 125,000 protesters took to the streets on Saturday, with more than 1,700 ...

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Brexit debate: MPs to focus on economic impact of May deal

Image copyright Reuters Brexit’s economic effects will be the focus of a Commons debate later, as government whips work behind the scenes to gain support for Theresa May’s deal. Ministers will say it creates a unique partnership with the EU, while Labour argues it will make people poorer. Late on Wednesday, chief whip Julian Smith tried to win over pro-Brexit ...

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Oil prices fall on swelling glut, economic growth concerns

SINGAPORE (Reuters) – Oil fell on Wednesday as a swelling supply glut and signs of an economic slowdown weighed on crude prices a day ahead of an OPEC meeting at which the producer club is expected to decide supply cuts. A pump jack lifts oil out of a well, during a sandstorm in Midland, Texas, U.S., April 13, 2018. Picture ...

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Yemen’s Houthis in Sweden for peace talks; U.N. warns of economic breakdown

STOCKHOLM (Reuters) – A Houthi delegation arrived in Sweden on Tuesday for U.N.-sponsored Yemen peace talks, the first since 2016, as Western nations press for an end to the war and the United Nations warned of a looming economic disaster. A member of the Houthi delegation participating in the negotiations in Sweden departs from Sanaa airport, Yemen December 4, 2018. ...

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Wall St drops 3 percent on trade and economic worries

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 3, 2018. REUTERS/Brendan McDermid NEW YORK (Reuters) – Wall Street tumbled more than 3 percent on Tuesday, led lower by bank and industrial shares, as the U.S. bond market sent unsettling signs about economic growth and investors worried anew about global trade. The ...

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