United Airlines sees first-quarter revenue falling 66%

© Reuters. FILE PHOTO: United Airlines first new livery Boeing 737-800 sits at a gate O’Hare International Airport in Chicago (Reuters) -United Airlines said it expects first-quarter revenue to drop by 66%, which is near the lower end of its prior forecast, buoyed by improving demand for domestic travel. The company said it now expects […]

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IMF sees signs of stronger global recovery, but significant risks remain

© Reuters. FILE PHOTO: The IMF logo is seen outside the headquarters building in Washington By Andrea Shalal WASHINGTON (Reuters) – The No. 2 official at the International Monetary Fund on Saturday pointed to emerging signs of a stronger global economic recovery, but warned that significant risks remained, including the emergence of mutations of the […]

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Oil Dips for 4th Day as IEA Sees No Supercycle For Demand

© Reuters. By Barani Krishnan and Liz Moyer Investing.com – Oil prices settled lower on Wednesday for a fourth straight day after the International Energy Agency said it will take another two years at least for global demand to return to pre-pandemic levels. The U.S. Energy Information Administration, meanwhile, reported a fourth straight weekly build in […]

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Gold Sees 1st Weekly Profit in Four, Rebounding From Under $1,700

© Reuters. By Barani Krishnan Investing.com – Gold squeezed in its first weekly profit in four on Friday, rebounding from under $ 1,700 an ounce, despite a 13-month high in U.S. bond yields and a spike in the dollar that should have kept the yellow metal lower. on New York’s Comex settled down $ 2.80, […]

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Canada’s Alberta sees budget deficit narrowing to C$18 billion as oil prices recover

© Reuters. FILE PHOTO: Oil, steam and natural gas pipelines run through the forest at the Cenovus Foster Creek SAGD oil sands operations near Cold Lake. By Nia Williams (NYSE:) CALGARY, Alberta (Reuters) – The Canadian oil-producing province of Alberta on Thursday estimated its 2021/22 budget deficit will shrink to C$ 18.2 billion ($ 14.5 […]

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BHP sees strong China demand, declares dividend bonanza

© Reuters. FILE PHOTO: A tonne of nickel powder made by BHP Group sits in a warehouse at its Nickel West division, south of Perth MELBOURNE (Reuters) – BHP Group (NYSE:) on Tuesday reported its best first-half profit in seven years and declared a record interim dividend, as top metals user China’s strong appetite for […]

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Fed’s Evans sees price spikes ahead, but policy steady

© Reuters. FILE PHOTO: Chicago Federal Reserve Bank President Charles Evans pictured at an event in Mexico City By Ann Saphir (Reuters) – Chicago Federal Reserve Bank President Charles Evans on Wednesday forecast a rapid economic rebound this year, but said monetary policy will need to remain super-easy to boost “too low” inflation, even as […]

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Fed’s Daly sees sharp rebound, then slower slog back to pre-pandemic economy

© Reuters. FILE PHOTO: Mary Daly, President of the Federal Reserve Bank of San Francisco, poses after giving a speech on the U.S. economic outlook, in Idaho Falls (Reuters) – San Francisco Federal Reserve President Mary Daly on Friday said she expects a “sharp rebound” in economic activity once more people are vaccinated against COVID-19, […]

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Jabs equal jobs? Fed sees possible economic boom if vaccine gets on track

© Reuters. Vial, sryinge and small toy figures are seen in front of displayed U.S. flag By Howard Schneider WASHINGTON (Reuters) – One U.S. Federal Reserve official says there is now a “clearer focus” about the economy’s path forward and a horizon for a fuller recovery. Another says the pandemic’s “endgame” is here. A third […]

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OPEC sees oil outlook for first half of 2021 full of downside risks

2/2 © Reuters. OPEC Secretary General Barkindo delivers his speech in Vienna 2/2 By Vladimir Soldatkin and Alex Lawler MOSCOW/LONDON (Reuters) – OPEC sees plenty of downside risks for oil markets in the first half of 2021, its secretary general said on Sunday, a day before meeting allies led by Russia to discuss output levels […]

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