COP27 countries join together to fulfill the promise of forests

Forest and Climate Leaders Partnership Holds First Meeting Including Britain, Japan and Pakistan Germany doubles forest funding to 2 billion euros SHARM EL-SHEIKH, Egypt (November 7) (Reuters) – More than 25 countries at COP27 climate talks on Monday launched a group they said would ensure each other was held accountable for a pledge to end … Read more

Venezuela’s Oil Partners Head to Exit, Ditching Unpaid Debt

CABIMAS, Venezuela, Oct 27 (Reuters) – Venezuela is allowing joint venture partners of state oil company PDVSA to leave — by selling or giving back their shares to others — as long as they default on past debts and unpaid profits, closing four people. He said for the matter. Having to take a loss or … Read more

Column: Metals Markets Prepare for Deflation of a Different Kind

LONDON (Reuters) – The specter of a recession has spread sharply during the celebrations of this year’s London Metal Exchange Week. The consensus of analysts is that Europe’s manufacturing sector is already shrinking and the US may follow suit. Demand forecasts have been lowered. The International Lead and Zinc Study Group (ILZSG) now expects global … Read more

Analysis: Poor countries are at risk from elusive G-20 debt relief efforts

LONDON/WASHINGTON (Reuters) – The failure to make concrete progress on debt relief for the world’s poorest countries at the annual meeting of the International Monetary Fund and World Bank in Washington frustrated policymakers, activists and investors. Two years ago, the Group of Twenty launched the Joint Framework – a mechanism designed to provide a rapid … Read more

Xi Jinping has silver linings for the rest of the world

LONDON, Oct 17 (Reuters) – A third term for Xi Jinping could lead to a cold war, or even a hot war. But the prospect of the Chinese nationalist leader remaining in power, which the ruling Communist Party will almost certainly approve at its conference this week, isn’t all bad for the rest of the … Read more

Wall Street Week Ahead: As US Markets Swing, Some Commit to a Rare Winner in 2022: Energy Stocks

NEW YORK (Reuters) – Painful market volatility and attractive valuations have led some investors to maintain their upbeat views on energy stocks, one of the few bets that have thrived in an otherwise tough year. It’s not an easy call. The S&P 500 Energy Index has already risen about 46% this year, and monetary tightening … Read more

Credit Suisse shares slide despite moves to calm investor fears

Credit Suisse fell into market turmoil before its renewal Shares fell as much as 10% in early trading on Monday Euro-denominated bank bonds hit record lows Swiss bank says its capital and liquidity are strong ZURICH, October 3 (Reuters) – Credit Suisse Bank (CSGN.S) Shares fell as much as 10% on Monday, reflecting market concerns … Read more

American fines 16 Wall Street companies $ 1.8 billion for talking about deals and trades on personal applications

(Reuters) – US regulators on Tuesday fined 16 financial firms, including Barclays Bank (Barkel)Bank of America, Citigroup, and Credit Suisse (CSGN.S)and Goldman Sachs, Morgan Stanley, and UBS (UBSG.S)$1.8 billion after employees discussed deals and deals on their personal devices and apps. The sweeping industry investigation, first reported by Reuters last year and later revealed by … Read more

Morning show: Eye of the Storm

Register now to get free unlimited access to Register A look at the day ahead in the US and global markets from Mike Dolan. With Hurricane Ian erupting with its sights set on Cuba and Florida, a global financial storm in the bond and currency markets has subsided moderately – although likely only temporarily. … Read more

Federal Reserve officials stare at the markets, say inflation is the focus

Register now to get free unlimited access to Register WASHINGTON (Reuters) – Federal Reserve officials on Monday shrugged off heightened volatility in global markets from falling U.S. stocks to currency turmoil abroad and said their priority remained controlling domestic inflation. “There are interactions out there,” said Loretta Meester, president of the Federal Reserve Bank … Read more