China’s consumer and wholesale inflation rebounded in August, as higher global commodity costs and surging high-tech demand cushioned persistently tepid domestic consumption. The producer price index increased 3.8%, according to data released by the National Bureau of Statistics on Wednesday, exceeding economists’ forecast for a 3.6% gain and outpacing July’s 3.5%, the weakest in three…
FILE PHOTO: Oil tankers pass through the Strait of Hormuz, December 21, 2018. Hamad I Mohammed | Reuters Oil prices rose Wednesday as escalating tensions between the U.S. and Iran fuel concerns over further disruptions to Middle East energy supplies. U.S. benchmark West Texas Intermediate futures for October delivery jumped 1.75% to $94.66 a barrel. …
A Boeing 747 (top) belonging to the Iranian Mahan Air airline is photographed at Mehrabad Airport in western Tehran, Iran, on October 16, 2024. Morteza Nikoubazl | Nurphoto | Getty Images The Treasury Department on Tuesday sanctioned 27 Iranian airlines and a handful of other entities as part of its ongoing effort to isolate Iran’s…
FILE PHOTO: Oil tankers pass through the Strait of Hormuz, December 21, 2018. Hamad I Mohammed | Reuters Oil prices extended gains Tuesday and were hovering at six-week highs on worries over escalating Mideast tensions after the U.S. and Iran traded strikes over the weekend. Futures for international benchmark Brent crude for November delivery gained…
Vessels near the Strait of Hormuz, as seen from Musandam, Oman, Aug. 31, 2026. Stringer | Reuters Oil prices rose to a six-week high on Monday as the U.S. and Iran traded strikes over the weekend, ratcheting up tensions in the Middle East. Brent crude oil futures, the international oil benchmark, rose 1.3% to $97.52…
Stocks kicked off September on shaky footing as higher oil prices and Treasury yields tested investors’ appetite for some of the market’s biggest artificial intelligence winners. For the week, the S & P 500 eked out a 0.1% gain, while the Nasdaq gained 0.4%, recovering from a rough start to the historically difficult month of…
The Pentagon has received a big ownership stake in an obscure private oil company that will control crude reserves larger than ExxonMobil‘s global portfolio if President Donald Trump‘s Venezuela deal is successful. The deal comes eight months after Washington ousted former Venezuelan President Nicolás Maduro in a military raid and co-opted the remaining regime led…
A sharp sell-off in global government bonds is exposing investor anxiety that the macroeconomic backdrop may be shifting toward persistently higher inflation, as governments struggle to rein in spending and sovereign debt. Pressure on yields is not just a factor of this year’s rise in government borrowing and higher energy prices. Investors highlight a pivot…
U.S. Treasury Secretary Scott Bessent speaks during a “fireside chat”, as finance ministers and central bank governors from G20 countries meet in Asheville, North Carolina, U.S., September 1, 2026. Sam Wolfe | Reuters The European Union has formally joined the U.S.-led sanctions campaign against Iran, while South Korea said it’s weighing a military role to…
The El Niño climate event is intensifying into a “supersized” phenomenon that will persist until February 2027, raising the risk of floods, droughts and extreme heat in many countries, the United Nations warned on Thursday. It “has the potential to deliver a massive blow to communities and economies across the world,” Celeste Saulo, secretary general…
