Biden defends meeting with Saudi prince, says talks part of broader meeting

Saudi Crown Prince Mohammed bin Salman attends a session of the Shura Council in Riyadh, Saudi Arabia, November 20, 2019. Bandar Algaloud / Courtesy of Saudi Royal Court / Handout via REUTERS / File Photo Register now for FREE unlimited access to Reuters.com Register WASHINGTON, June 17 (Reuters) – US President Joe Biden said on … Read more

Week of rate hikes has stocks on course for steepest slide since 2020

Everyone except the BOJ is hiking Stocks sink as economy risks grow Yen slips as BOJ leaves policy unchanged SINGAPORE, June 17 (Reuters) – World stocks headed for their worst week since markets’ pandemic meltdown in March 2020, as interest rate hikes in the United States and Britain and a surprise one in Switzerland put … Read more

Emergency ECB meeting lifts Europe, Fed ready to go big

News of emergency ECB meeting sends Italian markets soaring Market almost fully priced for Fed to hike 75 bps Euro rally knocks dollar off 20-yr peak, US yields off decade top China economic data slightly beat forecasts, still weak LONDON / SYDNEY, June 15 (Reuters) – European markets rallied on Wednesday on news the European … Read more

Asian stocks slide as Fed hike fears tip Wall St into bear market

HONG KONG, June 14 (Reuters) – Asian shares slid sharply and the safe-haven dollar held near a two-decade peak on Tuesday after Wall Street hit a confirmed bear market milestone on fears aggressive US interest rate hikes would push the world’s largest economy into recession. MSCI’s broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) fell … Read more

US gasoline average price tops $ 5 per gallon in historic first

June 11 (Reuters) – The price of US gasoline averaged more than $ 5 a gallon for the first time on Saturday, data from the AAA showed, extending a surge in fuel costs that is driving rising inflation. The national average price for regular unleaded gas rose to $ 5,004 a gallon on June 11 … Read more

Oil prices hit $ 120 as Saudi July price rise eclipses OPEC + deal

A drilling rig operates in the Permian Basin oil and natural gas production area in Lea County, New Mexico, US, February 10, 2019. REUTERS / Nick Oxford / File Photo Register now for FREE unlimited access to Reuters.com Register Saudi Arabia hikes official prices for Asian buyers OPEC + unlikely to achieve increased output target … Read more

Exclusive: Biden to waive tariffs for 24 months on solar panels hit by probe

US President Joe Biden walks across the South Lawn after disembarking from Marine One as he returns from Rehoboth Beach, Delaware, with the first lady at the White House in Washington, US, June 5, 2022. REUTERS / Elizabeth Frantz Register now for FREE unlimited access to Reuters.com Register WASHINGTON, June 5 (Reuters) – President Joe … Read more