Sterling falls as BoE expects recession, US futures up

Sterling falls as BoE expects recession, US futures up

Bank of England hikes rates by 50 basis points BoE expects recession throughout 2023 Fed official: 50bp hike in Sept “reasonable” Oil stabilized after hitting six-month low Lufthansa returns to operating profit LONDON, Aug 4 (Reuters) – Sterling fell on Thursday after the Bank of England followed its counterparts in the United States and euro … Read more

Oil falls to nearly 6-month lows after surprise US crude, gasoline build

Oil falls to nearly 6-month lows after surprise US crude, gasoline build

Sticker reads crude oil on the side of a storage tank in the Permian Basin in Mentone, Loving County, Texas, US November 22, 2019. REUTERS/Angus Mordant Register now for FREE unlimited access to Reuters.com Register US crude, gasoline stockpiles rise unexpectedly – EIA OPEC+ decides on small 100,000 bpd increase to output target US had … Read more

Ukraine’s Zelenskiy says first grain ship ‘nothing’, economy in coma

Ukraine's Zelenskiy says first grain ship 'nothing', economy in coma

Grain-carrying ship from Ukraine inspected in Turkey Ship, headed for Lebanon, transits Bosphorus Shipment is first of kind to leave Ukraine in wartime But Ukrainian leader says much more is needed Kyiv urgently needs to ship 10 mln tons to cut deficit KYIV/ISTANBUL, Aug 3 (Reuters) – Ukrainian President Volodymr Zelenskiy dismissed the importance of … Read more

BP boosts dividend after profit hits 14-year high

BP boosts dividend after profit hits 14-year high

Profits soar to $8.45 bln, far exceeding forecasts BP boosts dividend by 10% BP to boost spending on oil and gas, CEO says Profits driven by strong oil trading, hit by LNG LONDON, Aug 2 (Reuters) – BP’s (BP.L) second quarter profit soared to $8.45 billion, its highest in 14 years, as strong refining margins … Read more

U.S. targets Chinese, UAE firms in new Iran oil sanctions

U.S. targets Chinese, UAE firms in new Iran oil sanctions

Model of petrol pump is seen in front of US and Iran flag colors in this illustration taken March 25, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register WASHINGTON, Aug 2 (Reuters) – The United States on Monday imposed sanctions on Chinese and other firms it said helped to sell tens … Read more

US says Russia using ‘nuclear shield’ in Ukraine, risks terrible accident

US says Russia using 'nuclear shield' in Ukraine, risks terrible accident

US says Russia using “nuclear shield” First grain ship leaves Ukraine Ukraine says 22,000 Russian troops ready southern advance Foreign fighters enter Luhansk, says governor Ukraine says recaptures 50 towns in Kherson UNITED NATIONS/KYIV, Aug 2 (Reuters) – The United States has accused Russia of using Ukraine’s biggest nuclear power plant as a “nuclear shield” … Read more

First Ukraine grain ship to set sail, more to follow, says Turkey

First Ukraine grain ship to set sail, more to follow, says Turkey

First Ukraine grain ship bound for Lebanon Turkey says more ships to follow Russian missiles pound port of Mykolaiv Ukraine grain tycoon Oleksiy Vadatursky killed in Mykolaiv Putin’s maritime ambitions include Black Sea, Arctic KYIV, Aug 1 (Reuters) – The first ship to set sail from Ukraine with grain exports since the beginning of the … Read more

Kentucky floods kill at least 28 – ‘Everything is gone’

Kentucky floods kill at least 28 - 'Everything is gone'

July 31 (Reuters) – Floods unleashed by torrential rains in eastern Kentucky have killed at least 28 people, including four children, Governor Andy Beshear said on Sunday as authorities worked to provide food and shelter for thousands of displaced residents. Some homes in the hardest hit areas were swept away after days of heavy rainfall … Read more

Beirut silo collapses, reviving trauma ahead of blast anniversary

Beirut silo collapses, reviving trauma ahead of blast anniversary

Silos a towering reminder of Aug. 4, 2020 explosion Smouldering fire had put Beirut residents on edge for weeks 2020 blast seen as symbol of corruption of Lebanese elite BEIRUT, July 31 (Reuters) – Part of the grain silos at Beirut Port collapsed on Sunday just days before the second anniversary of the massive explosion … Read more

After starting New Mexico fire, US asks victims to pay

After starting New Mexico fire, US asks victims to pay

TIERRA MONTE, NM, July 31 (Reuters) – After the US government started the largest wildfire in New Mexico’s recorded history in April, it is asking victims to share recovery costs on private land, jeopardizing relief efforts, according to residents and state officials. The blaze was sparked by US Forest Service (USFS) prescribed fires to reduce … Read more