By Eric Onstad LONDON (Reuters) – Aluminium makers are set to boost low-carbon metal output by 10% in 2023 and…
World shares extend rout, oil prices drop on recession worries
By Chris Prentice, Dhara Ranasinghe and Naomi Rovnick NEW YORK/LONDON (Reuters) -A rout in global equities extended on Friday and…
Russia’s Urals oil averaged $57.49/bbl in past month, below price cap
MOSCOW (Reuters) – The average price for Russia’s Urals oil blend was $57.49 per barrel between Nov. 15 and Dec.…
China’s re-opening to lift Asia equity capital market volumes from three-year lows
By Scott Murdoch SYDNEY (Reuters) – Asian equity capital markets activity, languishing at three-year lows now, is set to get…
Aurizon to sell ECR unit for $285 million to ease competition concerns
(Reuters) – Aurizon Holdings, Australia’s largest rail freight operator, said on Friday it will sell its East Coast Rail (ECR)…
U.S. dollar gains sharply across the board as recession fears mount
By Gertrude Chavez-Dreyfuss and Karen Brettell NEW YORK (Reuters) – The U.S. dollar soared on Thursday, led by strong gains…
Stocks slump, greenback gains as central banks continue inflation battle
By Lawrence Delevingne (Reuters) -Global shares slumped on Thursday, while the U.S. dollar gained and Treasury yields ticked down, after…
Global house price fall underway won’t do much for affordability, say analysts
By Hari Kishan and Indradip Ghosh BENGALURU (Reuters) – House prices in most major property markets will fall in 2023,…
Australia’s ANZ shareholders approve new holding structure
(Reuters) – Australia and New Zealand Banking Group said on Thursday its shareholders voted to establish a new holding company…
Germany’s half-a-trillion dollar energy bazooka may not be enough
By Christoph Steitz FRANKFURT (Reuters) – Germany is bleeding cash to keep the lights on. Almost half a trillion dollars,…