Queue of hearses outside Beijing crematorium China reports no new deaths; some criticise its accounting Beijing faces surge in severe COVID in next two weeks – expert BEIJING, Dec 21 (Reuters) – Dozens of hearses queued outside a Beijing crematorium on Wednesday, even as China reported no new COVID-19 deaths in its growing outbreak, sparking …
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SINGAPORE, Dec 21 (Reuters) – Oil prices were little changed on Wednesday as a larger-than-expected draw in U.S. crude stocks offset worries about rising COVID-19 cases in top oil importer China. Brent crude futures rose 8 cents, or 0.1%, to $80.07 per barrel by 0715 GMT, while U.S. West Texas Intermediate (WTI) crude futures fell …
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BEIJING (AP) — The death toll in the latest COVID-19 surge in China’s capital Beijing has risen incrementally, as feverish clinic patients and an increase in the funeral business point to a widening outbreak after an easing of strict virus containment regulations. Unofficial reports suggest a widespread wave of new coronavirus cases, and relatives of …
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Germany supports deal after previous opposition Price cap of 180 euros/MWh can be triggered from Feb. 15 Cap kicks in if prices exceed 180 euros BRUSSELS, Dec 19 (Reuters) – European Union energy ministers on Monday agreed a gas price cap, after weeks of talks on the emergency measure that has split opinion across the …
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SHANGHAI, Dec 19 (Reuters) – COVID-19 is sweeping through trading floors in Beijing and spreading fast in the financial hub of Shanghai, with illness and absence thinning already light trade and forcing regulators to cancel a weekly meeting vetting public share sales. Many banks and asset managers have dusted off plans devised to cope with …
All the dip buying has proved futile during 2022’s bear run Recession risk, rising bond yields are headwinds for stocks For all its twists and turns, the 2022 market has also been a story of patterns repeating. Stocks fall, shorts cover, quants buy, then everyone jumps back in just in time to get torched. It’s …
Continue reading “Stock Market Timers Pony Up $25 Billion and Get Another Thrashing”
A stock-market paradox, in which bad news about the economy is seen as good news for equities, may have run its course. If so, investors should expect bad news to be bad news for stocks heading into the new year — and there may be plenty of it. But first, why would good news be …
NEW YORK/SAN FRANCISCO, Dec 16 (Reuters) – Federal Reserve policymakers may need to lift U.S. borrowing costs above the peak 5.1% they penciled in just this week, and keep them there perhaps into 2024 to squeeze high inflation out of the economy, three of them signaled on Friday. The hawkish messages, delivered in separate appearances …
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A top Chinese health official says he believes China is experiencing the first of three expected waves of Covid infections this winter. The country is seeing a surge in cases since the lifting of its most severe restrictions earlier this month. The latest official figures appear to show a relatively low number of new daily …
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The U.S. EIA reported that 4.7 million barrels of crude oil left the Strategic Petroleum Reserves in the week ending December 9, but now the United States has started the process of refilling the nation’s SPR. While 3 million barrels is a far cry from the 211 million barrels released so far this year, the …
Continue reading “U.S. Begins SPR Repurchase Program As Oil Prices Crash”