Tag: meeting

World Shares Mixed as Markets Await Word From Fed Meeting

BANGKOK—Shares opened higher in Europe on Tuesday after Asian shares followed Wall Street lower as investors awaited fresh U.S. inflation data and the outcome of a meeting of the Federal Reserve. Benchmarks advanced in Paris, London, and Frankfurt, but fell in Hong Kong, Shanghai, and Tokyo. The Labor Department’s Producer Price Index for November is…


Wall Street Falls on Omicron Worries Ahead of Fed Meeting

U.S. stocks fell on Monday on worries about the Omicron coronavirus variant ahead of a Federal Reserve meeting later this week, while investors watched Apple close in on $3 trillion in market capitalization. Seven of the 11 major S&P 500 sector indexes fell, with only defensive stocks including consumer staples, utilities, and real estate gaining….


WTO Seeks Deals in Early 2022 Despite Postponing Major Meeting

GENEVA—The World Trade Organization should be able to wrap up negotiations on fishing subsidies and a response to the COVID-19 pandemic early in 2022 even after postponing its ministerial meeting this week, its director-general said on Tuesday. Ngozi Okonjo-Iweala, addressing a briefing on the day its ministerial conference (MC12) was due to start, said the…


WTO Postpones Major Meeting After New Variant Outbreak

GENEVA—The World Trade Organization (WTO) became the first major diplomatic casualty of the new coronavirus variant on Friday when it postponed its first ministerial meeting in four years due to the deteriorating health situation. Ministers from WTO members were due to have gathered next week for a meeting widely seen as a test of the…


Oil Prices Rise Ahead of OPEC+ Meeting

LONDON—Oil prices rose on Thursday, lifted by expectations that OPEC and its allies will stick to slow output increases despite calls from the United States and large importers for additional supply to cool prices. Brent crude was up 94 cents, or 1.2 percent, at $82.93 a barrel by 0940 GMT and U.S. West Texas Intermediate…


Oil Drops on China Fuel Reserves Release; OPEC+ Meeting in View

TOKYO—Oil prices dropped on Monday as China’s release of gasoline and diesel reserves eased concerns over tight global supply, while investors cashed in ahead of a Nov. 4 meeting of major crude producers that could increase future production targets. Brent crude futures dropped 46 cents, or 0.6 percent, to $83.26 a barrel by 0746 GMT,…


Dollar Falls on Euro Strength After ECB Meeting as Rates Move

NEW YORK/LONDON—The euro rose sharply against the U.S. dollar on Thursday as foreign currency traders sorted through moves in the interest rate markets and comments by the European Central Bank President Christine Lagarde. The euro rose nearly 0.7 percent to at $1.168 at 1425 GMT. The dollar index of major currencies fell 0.6 percent to…


Euro Hovers Ahead of ECB Meeting, Yen Looks Past BOJ Doves

LONDON—The euro dipped below $1.16 ahead of the European Central Bank meeting on Thursday as investors wait to hear policymakers’ views on the outlook for inflation and an expected push back against rising interest rate projections. On a busy day for central bank-driven activity, the Australian dollar dipped on growing speculation about the Reserve Bank…


Dollar Near One-Year High Ahead of Fed Meeting Minutes

LONDON—The dollar held near a one-year high versus major peers on Wednesday, amid rising expectations the Federal Reserve will announce a tapering of stimulus next month, potentially following with interest rate hikes by mid-2022. Three Fed policymakers said on Tuesday that the U.S. economy has healed enough to begin to scale back the central bank’s…


Georgieva’s Future at Helm of IMF Still Unclear After Marathon Board Meeting

WASHINGTON—The International Monetary Fund’s executive board ended a five-hour meeting about the future of Managing Director Kristalina Georgieva without a decision on Friday, saying it would seek more information about claims she pressured World Bank staff to alter data to benefit China in her previous role. The IMF said the board had made “significant progress”…