November 18, 20240 Comments

US Treasury finds no currency manipulation by major trading partners By Reuters

By David Lawder WASHINGTON (Reuters) -No major U.S. trading partner manipulated its currency in the year to June 30, the Treasury Department said on Thursday in the Biden administration’s final semi-annual currency report before turning over policing of foreign exchange practices to President-elect Donald Trump. Trump, who has frequently complained that the strong dollar is eroding U.S. trade competitiveness, ended his first term in the White House with Treasury declarations

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November 18, 20240 Comments

Oil prices edge higher after Russia-Ukraine tensions escalate By Reuters

By Florence Tan SINGAPORE (Reuters) – Oil prices edged up on Monday after fighting between Russia and Ukraine intensified over the weekend, although concerns about fuel demand in China, the world’s second-largest consumer, and forecasts of a global oil surplus weighed on markets. futures gained 20 cents, or 0.3%, to $71.24 a barrel by 0130 GMT, while U.S. West Texas Intermediate crude futures were at $67.11 a barrel, up 9

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November 18, 20240 Comments

Dollar sitting pretty, yen bears wary of BOJ hawks By Reuters

By Wayne Cole SYDNEY (Reuters) – The dollar was looking to extend its bull run on Monday as lofty Treasury yields and a more restrained outlook for U.S. rate cuts burnished its attractiveness, though the risk of intervention had caused a pullback against the yen. Yen bears were tense in case Bank of Japan Governor Kazuo Ueda used a speech later Monday to flag a possible rate hike in December,

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November 17, 20240 Comments

Biden aims to finalize clean fuel rule before leaving White House By Reuters

MANAUS, Brazil (Reuters) – Democratic U.S. President Joe Biden aims to finalize a rule on a clean fuel tax credit before leaving office on Jan. 20, a senior White House official said on Sunday. The clean fuel program, which would provide credits for the production of sustainable aviation fuel and other lower-emission transportation fuels, is set to begin in 2025. “I’m not going to make any announcements, except that we’re

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November 17, 20240 Comments

Sterling heads for worst weekly performance since January By Reuters

By Amanda Cooper LONDON (Reuters) – The pound headed for its biggest weekly loss since January on Friday, under pressure from weak UK economic data and a surging dollar that is getting a lift from investors’ conviction that Donald Trump’s policies will drive up U.S. growth and inflation. Britain’s economy contracted unexpectedly in September and growth slowed to a crawl over the third quarter, data showed on Friday. Sterling was

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November 17, 20240 Comments

World looks to G20 in Rio for breakthrough in climate talks By Reuters

By Jake Spring and Lisandra Paraguassu RIO DE JANEIRO (Reuters) – Diplomatic tensions over global warming will take center stage at the G20 summit in Brazil this week, as negotiators at U.N. talks in Azerbaijan hit an impasse on climate finance that they hope leaders of the world’s 20 major economies can break. Heads of state arriving in Rio de Janeiro on Sunday for the G20 summit will spend Monday

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November 17, 20240 Comments

Dollar notches weekly gain as traders reassess rate cut expectations By Reuters

By Chibuike Oguh and Amanda Cooper NEW YORK/LONDON (Reuters) -The U.S. dollar was set for its biggest weekly gain in over a month on Friday, as markets reassessed expectations of future interest rate cuts and with the view that President-elect Donald Trump’s policies could be inflationary. The dollar has benefited from market expectation that Trump administration policies, including tariffs and tax cuts, could stoke inflation, leaving the Federal Reserve less

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November 17, 20240 Comments

Tropical wetlands are releasing a methane bomb, threatening climate plans By Reuters

By Gloria Dickie BAKU (Reuters) – The world’s warming tropical wetlands are releasing more methane than ever before, research shows — an alarming sign that the world’s climate goals are slipping further out of reach.  A massive surge in wetlands methane — unaccounted for by national emissions plans and undercounted in scientific models — could raise the pressure on governments to make deeper cuts from their fossil fuel and agriculture

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November 16, 20240 Comments

Low crude oil inventories may support higher 2025 prices By Investing.com

Investing.com — Low crude oil inventories are setting the stage for potential price increases in 2025, according to a recent note from Wells Fargo (NYSE:).  Despite a flat performance this year, the bank said prices could rebound as global supply remains tight and economic conditions improve. Wells Fargo points out that while crude oil prices have seen minimal change in 2024—just 2% lower since the year began—this has largely been due

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November 16, 20240 Comments

Solar power project in Brazil favelas hopes to shine in G20 spotlight By Reuters

By Pilar Olivares and Fabio Teixeira RIO DE JANEIRO (Reuters) – For residents of Morro da Babilonia, one of Rio de Janeiro’s underdeveloped ‘favela’ neighborhoods, geopolitics rarely enters daily conversation, but as the city readies to host leaders from the Group of 20 major economies on Monday, locals hope a project of theirs will find its place in the sun. Within walking distance of Rio’s famous Copacabana beach, Babilonia has

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