America's emergency oil reserve is at a 40-year low — and that could inflate oil prices, Goldman Sachs says
America's emergency oil stockpile has plunged to 40-year lows. The shrinking Strategic Petroleum Reserve is limiting Washington's ability to shield consumers from the fallout of Saudi Arabia's aggressive supply cuts, according to Goldman Sachs.
2023-09-28 01:53
Legal fog over central bank digital currencies "unacceptable", BIS warns
By Marc Jones LONDON Developing national digital currencies are at risk due to a lack of legal powers
2023-09-28 00:54
What happens when gas is sold 'at cost'? French drivers save pennies
Two of the largest retail chains in France have announced they will forego all profit on fuel sales, yielding to government pressure to sell gasoline and diesel at cost. The savings for motorists at the pump? $1 to $2 per tank.
2023-09-27 23:50
Glencore and Seriti Weigh Job Cuts in South Africa Due to ‘Dire’ Train Situation
Glencore Plc and Seriti Resources Holdings Ltd. are in talks to cut hundreds of jobs in South Africa
2023-09-27 23:24
China Investor Gloom on Property Reaches Record, Survey Finds
A record share of Chinese investors plan to cut their allocation in property over the next year, a
2023-09-27 23:24
Column-When is success not success? When Fed gets inflation down to 2.5%: McGeever
By Jamie McGeever ORLANDO, Florida If signals from the U.S. bond market prove accurate, the Fed will be
2023-09-27 22:59
Snap to close augmented reality division for enterprises
(Reuters) -Snap Inc said on Wednesday it was shutting its division focused on making augmented reality (AR) services for businesses
2023-09-27 21:56
US Mortgage Rate Climbs to 22-Year High of 7.41%, Curbing Demand
US mortgage rates jumped last week to the highest level since 2000, taking a toll on already depressed
2023-09-27 19:59
Marriott projects upbeat revenue per room growth as travel demand stays strong
Marriott International on Wednesday forecast two-year annualized global revenue per available room (RevPAR) growth of 3% to 6%
2023-09-27 19:50
Coal makes a quiet resurgence in the clean energy era
As momentum shifts toward clean energy, coal has had some unexpected staying power.
2023-09-27 19:49
Fuel Hoarding Unnerves Polish Refiner in Push to Cut Prices
Poland’s state-controlled refiner Orlen SA appealed to Poles to refrain from hoarding fuel following reports that its bid
2023-09-27 19:17
FTC's Amazon antitrust lawsuit faces high bar in US court -experts
By Mike Scarcella The U.S. Federal Trade Commission's lawsuit accusing Amazon.com of abusing its retail market power to
2023-09-27 19:16