Oil drops as Suez opens, focus turns to OPEC+ output cuts

© Reuters. Views of Total Grandpuits oil refinery By Aaron Sheldrick TOKYO (Reuters) -Oil prices fell on Tuesday as the Suez Canal opened up after days closed by a grounded supercarrier and focus turned to an OPEC+ meeting this week where the extension of supply curbs may be on the table amid new coronavirus pandemic […]

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Oil drops amid rising stockpiles and COVID-19 demand concerns

© Reuters. Views of Total Grandpuits oil refinery By Aaron Sheldrick TOKYO (Reuters) – Oil prices dropped on Tuesday, extending declines to three consecutive days, as rising stockpiles in the United States added to the risks to a demand recovery after countries including Germany and France halted COVID-19 vaccinations. was down 69 cents, or 1%, […]

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Dollar drops to one-week low; focus on European Central Bank meeting

© Reuters. FILE PHOTO: U.S. one hundred dollar notes are seen in this picture illustration LONDON (Reuters) – The fell to its lowest in a week early in Thursday’s European session and there was a mild “risk on” tone in currency markets, as attention turned to the European Central Bank’s policy meeting. Softer consumer prices […]

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United flight suffers engine failure, drops debris but safely returns to Denver airport

2/2 © Reuters. FILE PHOTO: The Continental Divide is seen in the background of Denver International Airport outside Denver 2/2 WASHINGTON (Reuters) – A United Airlines flight bound for Honolulu suffered a right engine failure on Saturday shortly after departing Denver International Airport, scattering debris but returning safely to the airport, the Federal Aviation Administration […]

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Oil drops after strong rally as talk of slower recovery weighs

© Reuters. FILE PHOTO: Pump jacks operate at sunset in an oil field in Midland By Naveen Thukral SINGAPORE (Reuters) – Oil prices fell on Thursday, giving up some of the recent strong gains on expectations of slower economic recovery and speculation that the market’s strength could tempt producers like Saudi Arabia to reduce output […]

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U.S. drops lawsuit over Yale admissions as Supreme Court looms

© Reuters. FILE PHOTO: Old Campus at Yale University in New Haven By Jonathan Stempel and Nate Raymond (Reuters) – The U.S. Department of Justice dropped its lawsuit accusing Yale University of discriminating against Asian and white applicants in undergraduate admissions, as the debate over affirmative action in higher education heads for a possible showdown […]

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Pound Drops as England Readies for a Month-Long Lockdown

© Reuters. Pound Drops as England Readies for a Month-Long Lockdown (Bloomberg) — The pound declined to the weakest level in a month on concern a lockdown across England would deal a painful blow to an economy already reeling from similar measures earlier this year. fell as much as 0.7% to $ 1.2855, the lowest […]

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Amazon drops French Black Friday ad campaign as lockdown starts

© Reuters. FILE PHOTO: A look inside France Amazon’s expanding operations PARIS (Reuters) – Amazon is withdrawing advertising for pre-Black Friday discounts in France, after the government said the campaign was unfair to small shops at time when a coronavirus lockdown has forced them to close. France entered its second national lockdown on Friday to […]

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USD/JPY drops to a fresh one-month low, strays away from the typical yields correlation

USD/JPY falls to its lowest level since 22 September, just below 105.00 Dollar weakness is the major theme in the currencies market today and it is apparent that a lot of that is riding on the back of hopes of a stimulus deal coming – one way or another. While short-term headlines may still bring […]

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