LONDON—OPEC on Monday cut its forecast for 2022 global oil demand growth for a fifth time since April and further trimmed next year’s figure, citing mounting economic challenges including high inflation and rising interest rates. Oil demand in 2022 will increase by 2.55 million barrels per day (bpd), or 2.6 percent, the Organization of the…
OPEC Cuts Oil Demand Growth Forecast Again as Economic Challenges Mount
November 14, 2022
admin
Business & Marketseconomic policieseconomyenergyEuropeforecastGold and CommoditiesgrowthInternationalMarketsOilOPECWorld
0 Comment
Dollar Edges Up as Fed’s Waller Cautions on Inflation
SINGAPORE/LONDON—The U.S. dollar steadied on Monday amid fading expectations of a less aggressive Federal Reserve interest rate hike after Governor Christopher Waller said the central bank was not softening its fight against inflation. A modest miss on U.S. inflation on Thursday put pressure on the dollar, which declined almost 4 percent in a week, marking…
Oil Falls $1 on China COVID-19 Surge and Firmer Dollar
November 14, 2022
admin
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
0 Comment
LONDON—Oil prices fell on Monday, dragged down by a firmer U.S. dollar while surging coronavirus cases in China dashed hopes of a swift reopening of the economy for the world’s biggest crude importer. Brent crude futures were down $1.01, or 1.1 percent, at $94.98 a barrel by 1030 GMT after gaining 1.1 percent on Friday….
Shares Sobered by Fed Warning, China Acts on Property
November 14, 2022
admin
Business & Marketscryptocurrencyeconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
0 Comment
SYDNEY/LONDON—Share markets continued last week’s rally in more modest fashion on Monday after a top U.S. central banker warned investors against getting carried away over one inflation number, while Chinese stocks gained on aid for the country’s property sector. A modest miss on U.S. inflation was enough to see two-year Treasury yields dive 33 basis…
ESG: The Merger of State and Corporate Power
News Analysis In 2022, in the midst of a recession, record inflation, and a tumbling stock market, a corporate ideology known by the acronym ESG emerged from obscurity to become a headline topic. It has been called everything from a risk-management tool and a movement for a cleaner, more just world, to a “con,” a…
Everyone Will Need to Pay ‘A Bit More Tax,’ UK Chancellor Says
Everyone in the UK will need to pay “a bit more tax” as the country seeks to balance its books, Chancellor of the Exchequer Jeremy Hunt has said. Hunt, who is set to deliver his autumn budget on Nov. 17, has declared he will be playing Scrooge as he sets out his vision to restore…
Yellen Pitches ‘Friendshoring’ to Protect Supply Chains From ‘Risky’ Countries Like China
Janet Yellen, secretary of the U.S. Treasury, was in India to promote “friendshoring” to protect supply chains from unreliable countries like China and Russia. The pandemic, supply chain problems, and rapidly changing geopolitical allegiances over the past two years have accelerated a redrawing of trade and economic relations around the world. She promoted her vision…
Think Tank Wants to Set ‘New Direction’ for Conservatives After Midterms
November 11, 2022
admin
2022 Midterm ElectionsAmerican CompassBusiness & MarketsChinacongresseconomic policieseconomyOmidyarPolicies & ImpactsPoliticsRepublicansthink tankThreat from Communist ChinaUSUS NewsUS-China relations
0 Comment
As Republicans weave competing narratives over the “red wave” that wasn’t, one relatively new think tank has hit the ground running in an effort to set the agenda for a somewhat stronger GOP. American Compass, a think tank founded in 2020 by former Mitt Romney presidential campaign aide Oren Cass, released on Nov. 9 “New…
Think Tank Wants to Set ‘New Direction’ for Conservatives After Midterms—But Who Funds Them?
November 11, 2022
admin
2022 Midterm ElectionsAmerican CompassBusiness & MarketsChinacongresseconomic policieseconomyOmidyarPolicies & ImpactsPoliticsRepublicansthink tankThreat from Communist ChinaUSUS NewsUS-China relations
0 Comment
As Republicans weave competing narratives over the “red wave” that wasn’t, one relatively new think tank has hit the ground running in an effort to set the agenda for a somewhat stronger GOP. American Compass, a think tank founded in 2020 by former Mitt Romney presidential campaign aide Oren Cass, released on Nov. 9 “New…
Germany’s Inflation Rate Soars to Highest Level in 70 Years
Germany’s annual inflation rate last month soared to its highest level in more than 70 years due to high energy and food prices. Inflationary readings in October skyrocketed to a level not seen in Germany since December 1951, six years after the end of World War II, according to the latest data from Germany’s Federal…
-
Recent Posts
-
Archives
- May 2025
- April 2025
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- September 2013
- July 2013
- March 2013
- January 2013
- December 2012
- November 2012
- December 1
-
Meta