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Latest News Headlines
CNBC: Oil data key for Wednesday as 'bullish OPEC' cuts compete with 'bearish shale' production
The U.S. government reports weekly oil inventory data at 10:30 a.m. ET, and if that report confirms American Petroleum Institute data showing a shockingly large supply build, already falling oil prices are likely to continue to drop. [more...]
Bloomberg: Yen Climbs, Oil Slumps Before India Rates Decision: Markets Wrap
The yen rose after the nation’s central bank offered to buy bonds for the third time in a week, while crude oil extended the worst two-day slump in four weeks. India’s Sensex was little changed ahead of a central bank rates decision. [more...]
Bloomberg: Russia Shows Why China Should Just Stop Burning Up Its Reserves
China has wiped out about a quarter of the world’s heftiest foreign-currency stockpile over the past 18 months in its quest to keep the yuan stable. According to Commerzbank AG, such intervention is futile. [more...]
Bloomberg: Greece Tops Euro Area for Underemployment, Germany Lowest: Chart
About 31 percent of Greece’s actual and potential labor force is working less than full time or not at all, based on data for the third quarter of 2016. [more...]
Bloomberg: Rio Tinto Rewards Investors as Profit Rebounds on Iron Ore Rally
Rio Tinto Group will pay a much higher dividend than expected and buy back $500 million of shares after the world’s second-biggest mining company reported the first gain in annual profit since 2013. [more...]
Reuters: Asia shares down, euro pressured by doubts over Trump's policies, French election
Asian share markets retreated on Wednesday and the euro was pressured as doubts over the policies of U.S. President Donald Trump and an election looming in France sapped investor confidence. [more...]
CNBC: Copper prices up ahead of strike at world's largest mine
Copper prices climbed over 1 percent on Wednesday morning in Asia after global miner BHP Billiton said it planned to halt production at the Escondida mine in Chile due to a workers strike. [more...]
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