LONDON/TOKYO—Global stocks slipped and bond yields fell on Tuesday, compounding fears of a global recession, on concern that a visit by U.S. House of Representatives Speaker Nancy Pelosi to Taiwan would further harm relations between China and the United States. Investors sought safer assets after China threatened repercussions if Pelosi visited the self-ruled island, which…
Stocks and Bond Yields Fall on Taiwan Tensions
August 2, 2022
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Closing Prices for Crude Oil, Gold and Other Commodities (Aug. 1)
August 1, 2022
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Benchmark U.S. crude oil for September delivery fell $4.73 to $93.89 a barrel Monday. Brent crude for October delivery fell $3.94 to $100.03 a barrel. Wholesale gasoline for September delivery fell 11 cents to $3 a gallon. September heating oil fell 11 cents to $3.44 a gallon. September natural gas rose 5 cents to $8.28…
OPEC Secretary General Says Russia’s Membership in OPEC+ Is Vital for Success of Agreement
August 1, 2022
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Business & Marketseconomic policieseconomyenergyEuropeGold and CommoditiesHaitham al-GhaisinflationMarketsOilOPECrecessionRussiaRussia-Ukraine WarWorld
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OPEC’s new secretary general said that Russia’s membership in OPEC+ is vital for the success of the agreement, Kuwait’s Alrai newspaper reported on Sunday, quoting an exclusive interview with Haitham al-Ghais. He said OPEC is not in competition with Russia, calling it “a big, main and highly influential player in the world energy map,” Alrai…
USDA Getting Tougher on Salmonella in Chicken Products
DES MOINES, Iowa—The federal government on Monday announced proposed new regulations that would force food processors to reduce the amount of salmonella bacteria found in some raw chicken products or risk being shut down. The proposed U.S. Department of Agriculture rules would declare salmonella an adulterant—a contaminant that can cause food-borne illness—in breaded and stuffed…
Oil Drops as Weak Chinese Factory Data Heightens Demand Concerns
LONDON—Oil prices dropped on Monday as weak manufacturing data from China and Japan weighed on the demand outlook while investors braced for this week’s meeting of officials from OPEC and other top crude producers on supply adjustments. Brent crude futures were down $1.42, or 1.4 percent, at $102.55 a barrel by 1017 GMT. U.S. West…
World Shares Advance, Tracking Wall Street Week’s End Rally
August 1, 2022
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BANGKOK—World shares were mostly higher Monday after a strong close on Wall Street last week, though the latest manufacturing surveys showed weakening factory activity in Asia’s two biggest economies: China and Japan. Germany’s DAX gained 0.3 percent to 13,522,83 while the CAC 40 in Paris added 0.4 percent to 6,473.00. Britain’s FTSE 100 climbed 0.4…
1st Ship Carrying Ukrainian Grain Leaves the Port of Odesa
ANKARA, Turkey—The first ship carrying Ukrainian grain set off from the port of Odesa on Monday under a deal brokered by the United Nations and Turkey that is expected to release large stores of Ukrainian crops to foreign markets and ease a growing food crisis. The Sierra Leone-flagged cargo ship Razoni left Odesa carrying over…
Russian Energy Corporation Gazprom Cuts Off Gas to Latvia
July 31, 2022
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MOSCOW—Russia’s state-owned natural gas corporation said Saturday it has halted shipments to Latvia because of contract violations. In a brief statement, gas giant Gazprom said the shipments were stopped because Latvia broke “terms for extraction of gas.” It did not elaborate. The statement likely referred to a refusal to meet Russia’s demand for gas payments…
Russia Hits Southern Ukraine City, Killing Grain Exporter, Governor Says
July 31, 2022
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Business & MarketseconomyEuropeGold and CommoditiesInternationalMarketsOleksiy VadaturskyRussiaRussia-Ukraine WarUkraineWorld
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KYIV—Heavy Russian strikes hit the southern Ukrainian port city of Mykolaiv overnight and early on Sunday, killing the owner of one of the country’s largest grain producing and exporting companies, the local governor said. Oleksiy Vadatursky, founder and owner of agriculture company Nibulon and his wife, were killed in their home, Mykolaiv Governor Vitaliy Kim…
Russia Hits Southern Ukraine City, Killing Grain Export Tycoon, Governor Says
July 31, 2022
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Business & MarketseconomyEuropeGold and CommoditiesInternationalMarketsOleksiy VadaturskyRussiaRussia-Ukraine WarUkraineWorld
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KYIV—Heavy Russian strikes hit the southern Ukrainian port city of Mykolaiv early on Sunday, killing the owner of one of the country’s largest grain exporters, while Russia said a Ukrainian drone struck its Black Sea fleet headquarters in Sevastopol. Oleksiy Vadatursky, founder and owner of agriculture company Nibulon, and his wife were killed in their…
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