Business News

Oil prices dip after strongest weekly rise in over one year

Storage tanks are seen at Marathon Petroleum’s Los Angeles Refinery, which processes domestic & imported crude oil in Carson, California, March 11, 2022. SINGAPORE (Reuters) — Oil prices fell on Monday, after posting their steepest weekly rise in more than a year last week, as oversupply …
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Blowout US employment report reinforces economy’s resilience

A “Help Wanted” sign hangs in restaurant window in Medford, Massachusetts, Jan. 25, 2023. WASHINGTON (Reuters) — U.S. job gains increased by the most in six months in September and the unemployment rate fell to 4.1%, pointing to a resilient economy that likely does not need the Federal Reserve to d…
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Dollar hits six-week high on solid data, safe haven demand

A U.S. dollar banknote is seen in this illustration taken July 17, 2022. NEW YORK (Reuters) — The dollar rose to a six-week high on Thursday as data showed a still-solid U.S. economy while safe haven demand on concerns about rising Middle East tensions and the impact of a dockworker strike also boo…
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Shadow of Abenomics clouds Japan’s rate hike path

TOKYO (Reuters) — Political uncertainty and the surprise prominence of a reflationist-minded candidate in Japan’s ruling party leadership race may add pressure on the central bank to go slow on raising interest rates further away from historic lows. Already, the Bank of Japan has toned down s…
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