by Reuters | May 24, 2023 | Asia, Business, Economy, US
By Stephanie Kelly NEW YORK (Reuters) -Oil prices rose 2% on Wednesday, after a large unexpected drawdown in U.S. crude inventories and a warning from the Saudi energy minister that raised the prospect of further OPEC+ production cuts. Brent crude futures rose $1.52,...
by Reuters | May 24, 2023 | Business, Economy, US
(Reuters) -Shares of U.S. regional lender PacWest Bancorp fell nearly 2% on Wednesday, as investor optimism over its property lending unit sale and the divestment of real estate loans became overshadowed by the debt ceiling impasse. A deal to raise the U.S. debt...
by Reuters | May 23, 2023 | Business, Economy, Europe, Middle East, UK, US
By Shariq Khan BENGALURU (Reuters) -Oil prices rose on Tuesday on forecasts for a tighter gasoline market and a warning from the Saudi energy minister to speculators that raised the prospect of further OPEC+ output cuts. Brent crude futures rose 85 cents, or 1.1%, to...
by Reuters | May 22, 2023 | Business, Economy, Politics, US
By Andrea Shalal and David Lawder WASHINGTON (Reuters) – The U.S. Treasury Department reiterated Monday it expects to be able to pay the U.S. government’s bills only through June 1 without a debt limit increase, leaving just 10 days for White House...
by Reuters | May 22, 2023 | Business, Economy, US
(Reuters) – BlackRock Investment Institute on Monday said it was moving from “overweight” to “neutral” on credit, saying yields are not enough to compensate investors for tightening credit conditions. In a research note, it also said it...
by Reuters | May 22, 2023 | Asia, Business, Economy, Europe, Middle East, US
LONDON (Reuters) -There’s no shortage of events, data and high drama for markets in the days ahead. Wrangling over the debt ceiling in Washington continues, Greek voters head to the polls and data from the United States to China and Europe could show just how...