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Economic News
Andurand Ditches Famed Oil Trades for Copper and Cocoa
(Bloomberg) -- Pierre Andurand, the trader who rose to fame because of bold bets in the…
Shale Executives See Takeovers Squeezing US Oil Production
(Bloomberg) -- US oil production will decline if the corporate-acquisition spree…
New home sales plummet to 6-month low amid high mortgage rates
New home sales hit a six-month low in May as high mortgage rates continued to weigh on…
Brazil Inflation Slows More Than Expected as Rate Cuts Halt
(Bloomberg) -- Brazil’s mid-month inflation slowed more than expected in early June,…
US Futures Waver as Fed Official Cools Rate Hopes: Markets Wrap
(Bloomberg) -- Wall Street’s tech-driven rally — fueled by Nvidia Corp.’s rebound from…
Analysis-A mountain of asset sales loom after oil megamerger era
By Shariq Khan, Sabrina Valle and Arathy Somasekhar(Reuters) - U.S. oil and gas…
Oil Steadies as Industry Report Points to Rising US Stockpiles
(Bloomberg) -- Oil was steady after declining on Tuesday as an industry report signaled…
Australia’s Faster Inflation Raises Risk of RBA Rate Hike
(Bloomberg) -- Australia’s inflation accelerated faster than expected for a third…
Australia ‘Alert’ to Upside Risks to Inflation, RBA’s Kent Says
(Bloomberg) -- Australia’s central bank is alert to upside risks to inflation and wants…
Oil edges lower after industry group reports jump in US stockpiles
NEW YORK (Reuters) - Oil prices fell in early Asian trade on Wednesday after an…