LONDON—Australian and New Zealand dollars slipped from highs hit overnight, and the dollar fell versus the yen on Thursday, in what analysts said was profit-taking following a strong rally. The U.S. dollar index was flat on the day at 1051 GMT, at 93.669. Versus the Japanese yen, the dollar was down 0.3 percent at 114….
Port of Rotterdam Freight Volumes Rise 15 Percent as Economy Recovers
AMSTERDAM—Freight volumes in the port of Rotterdam increased 15 percent on a yearly basis in the third quarter as international trade continued to recover from its COVID-19 slump, Europe’s largest sea port said on Tuesday. Trade flows to and from Rotterdam have been almost 9 percent higher in the first nine months of the year,…
Oil Recovers as Tight US Supplies Offset China Reserves Sales Plan
SINGAPORE—Oil prices rose on Friday on growing signs of tightness in U.S. markets after Hurricane Ida hit offshore output, although benchmarks were heading for weekly losses of about 1 percent after China announced plans to sell crude from its strategic reserves. Brent crude futures for November rose 44 cents, or 0.6 percent, to $71.89 a…
US Jobless Claims Down 24,000 to 400,000 as Economy Recovers
WASHINGTON—The number of Americans collecting unemployment benefits slid last week, another sign that the job market continues to recover rapidly from the coronavirus recession. Jobless claims dropped by 24,000 to 400,000 last week, the Labor Department reported Thursday. The weekly applications have fallen more or less steadily this year—from a peak of 904,000 in early…
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