OPEC+ agrees tiny output rise in setback for Biden

OPEC+ agrees tiny output rise in setback for Biden

OPEC to raise output target by 100,000 bpd from Sept OPEC faces output problems to meet existing targets US seeking higher OPEC production to counter Russia Biden trip, US arms sales failed to persuade DUBAI/LONDON, Aug 3 (Reuters) – OPEC+ is set to raise its oil output goal by 100,000 barrels per day, an amount … Read more

GLOBAL ECONOMY Factories squeezed by higher prices, weak demand

GLOBAL ECONOMY Factories squeezed by higher prices, weak demand

Staff work inside a non woven filter fabric factory, where the fabric is used to make surgical face masks, in Taoyuan, Taiwan, March 30, 2020. REUTERS/Ann Wang/File Photo Register now for FREE unlimited access to Reuters.com Register WASHINGTON/LONDON, Aug 1 (Reuters) – Factories across the United States, Europe and Asia struggled for momentum in July … Read more

Bitcoin Self-Custody And Financial Sovereignty – Bitcoin Magazine

Bitcoin Self-Custody And Financial Sovereignty – Bitcoin Magazine

This is an opinion editorial by Kudzai Kutukwa, a passionate financial inclusion advocate who was recognized by Fast Company magazine as one of South Africa’s top-20 young entrepreneurs under 30. The release of the Bitcoin white paper in 2009 after the 2008 financial crisis was one of the most significant events of the 21st century. … Read more

ECB hikes rates more than flagged in race to tame inflation

ECB hikes rates more than flagged in race to tame inflation

All rates rise by 50 basis points Inflation to stay ‘undesirably’ high ECB backs an ‘anti-fragmentation’ tool called TPI ECB ‘can go big’ on that, Lagarde says FRANKFURT, July 21 (Reuters) – The European Central Bank raised interest rates by more than expected on Thursday as concerns about runaway inflation trumped worries about growth, even … Read more

ECB weighs bigger rate hike with safety net for indebted countries

ECB weighs bigger rate hike with safety net for indebted countries

ECB to up rates by 25 or 50 bps in 1st hike since 2011 New bond-buying tool subject to Commission’s rules FRANKFURT, July 19 (Reuters) – European Central Bank policymakers are considering raising interest rates by a bigger-than-expected 50 basis points at their meeting on Thursday to tame record-high inflation, two sources with direct knowledge … Read more

Europe races to cut Russian gas usage amid new Putin warning

Europe races to cut Russian gas usage amid new Putin warning

Nord Stream 1 pipeline out of action for maintenance Pipeline due to resume pumping on Thursday EU says states must act now to reduce gas consumption Germany, others have rationing and other plans in place BRUSSELS / LONDON, July 20 (Reuters) – The European Union will set out emergency plans on Wednesday to curb gas … Read more

The hike is (almost) here! Now for what comes next: Five questions for the ECB

The hike is (almost) here!  Now for what comes next: Five questions for the ECB

The headquarters of European Central Bank (ECB) is photographed n Frankfurt, Germany, January 14, 2021. REUTERS / Kai Pfaffenbach Register now for FREE unlimited access to Reuters.com Register LONDON, July 18 (Reuters) – The European Central Bank is set to deliver its first interest-rate hike since 2011 this week, yet markets are already fast-forwarding to … Read more

Stocks climb, euro inches higher in big week for markets

Stocks climb, euro inches higher in big week for markets

LONDON, July 18 (Reuters) – World equity markets got off to a solid start on Monday and the euro pulled away from parity as market participants scaled back bets on the Federal Reserve interest rate hike next week and on optimism spurred by central bank pledges to support China’s economy. US stock futures were up … Read more

Second half starts with fresh strain on stocks

Second half starts with fresh strain on stocks

World stocks struggle after biggest fall in index history Euro zone inflation hits fresh record high Dollar rises against Aussie, kiwi, sterling 10-year Treasury yield sliding below 3% China markets steady in a sea of ​​red in Asia LONDON, July 1 (Reuters) – The second half of the year started with more volatility for global … Read more

EU agrees to deal on landmark MiCA cryptocurrency regulation

EU agrees to deal on landmark MiCA cryptocurrency regulation

Bitcoin is a volatile asset, and has been known to swing more than 10% higher or lower in a single day. Jakub Porzycki | Nurphoto | Getty Images EU officials on Thursday secured an agreement on what is likely to be the first major regulatory framework for the cryptocurrency industry. The European Commission, EU lawmakers … Read more