By Arathy Somasekhar HOUSTON (Reuters) – Oil prices edged slightly higher on Tuesday as the U.S. government forecast record global petroleum consumption next year and as the dollar hovered at seven-month lows. Global consumption of liquid fuels is forecast to reach 102.2 million barrels per day in 2024, driven primarily by growth in countries like …
Oil edges higher as petroleum demand set to touch record next year Read More »
By Sinéad Carew and Amanda Cooper NEW YORK, LONDON (Reuters) – Wall Street’s major stock averages closed higher on Tuesday, steadying in the afternoon after early volatility while Treasury yields rose as investors waited anxiously for U.S. inflation data due later in the week. The U.S. dollar was little changed versus the euro and othermajor …
Stocks rise, bond yields rise with December’s upcoming price data in focus Read More »
By Marcela Ayres BRASILIA (Reuters) -Brazil’s inflation ended 2022 with a sharp slowdown from double-digit peaks seen throughout the year on the back of fiscal measures and an aggressive monetary policy tightening, but once again missed the government’s official target. The benchmark IPCA consumer price index rose 5.79% last year, statistics agency IBGE said on …
Brazil’s 2022 inflation slows sharply, misses government target Read More »
By John McCrank NEW YORK (Reuters) -The dollar was rangebound on Tuesday, hovering around its weakest level in seven months versus the euro and a group of other major currencies, as traders awaited U.S. inflation data later this week to help firm up interest rate hike expectations. The euro was up 0.1% against the greenback …
Dollar treads water near 7-month lows ahead of U.S. inflation data Read More »
(Reuters) -Pfizer Inc is not in talks with Chinese authorities to license a generic version of its COVID-19 treatment Paxlovid for use there, but is in discussions about a price for the branded product, Chief Executive Albert Bourla said on Monday. Reuters reported on Friday that China was in talks with Pfizer to secure a …
Pfizer CEO rules out generic COVID drug Paxlovid for China Read More »
BEIJING (Reuters) -Merck & Co’s COVID-19 antiviral treatment molnupiravir was priced at 1,500 yuan ($221.21) per bottle in Tianjin, according to the northern Chinese city’s medical purchasing centre on Tuesday. Each bottle contains 40 pills – enough for one course of treatment – according to the centre. The treatment, which is sold under the brand …
Merck COVID treatment priced at 1,500 yuan per bottle in China’s Tianjin Read More »
By Seher Dareen (Reuters) – Gold prices held firm near an eight-month peak on Tuesday, buoyed by a weaker dollar and hopes of slower U.S. rate hikes after the Federal Reserve Chair Jerome Powell failed to provide more clarity on tightening path. Spot gold rose 0.2% to $1,875.01 per ounce by 1:42 p.m. ET (1842 …
Gold at 8-month peak on weaker dollar, slower rate-hike hopes Read More »
By Martin Coulter LONDON (Reuters) -UK lawmakers have called on Amazon to clarify comments made by a senior executive at a recent parliamentary hearing, after an advocacy group accused him of providing “misleading” evidence concerning the company’s treatment of warehouse workers. An Amazon spokesperson told Reuters the company strongly denied the executive – European policy …
Amazon faces renewed pressure from UK lawmakers over warehouse conditions Read More »
CAIRO (Reuters) -Egyptian annual urban consumer inflation in December rose to 21.3%, the highest since the end of 2017, exceeding analyst expectations, data from the statistics agency CAPMAS showed on Tuesday. The rise from 18.7% in November followed a currency devaluation in October and restrictions on imports. It is likely to increase pressure on the …
Egypt’s headline inflation accelerates to 21.3% in December Read More »
SHANGHAI (Reuters) – Dozens of Telsa owners protested at a delivery centre in Shanghai on Tuesday, vowing to raise pressure on the electric car maker after it declined to offer them rebates on price cuts the U.S. firm made last week and that they missed out on. Similar protests by Tesla owners have sprung up …
Protesting Tesla China buyers vow more pressure over price cuts they missed Read More »
