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Craig erlam, Latest News
International :
OPEC oil cartel, allies to consider biggest cut in oil production since pandemic
Abu Dhabi, Oct 3 Major oil producing states are bracing the world for the biggest cut in oil ... ...
Business :
Oil prices down 5pc over the week as COVID-19 concerns emerge in China again
Oil prices settled down on Friday, falling 5% over the week, as potentially lower Chinese energy consumption from the lockdown of its Shanghai financial hub overshadowed supply tightness from Russian sanctions that kept the market up for weeks. ...
Business :
Wall Street rallies second day in row as Omicron fears fade, tech stocks up 3pc
Wall Street rallied sharply for a second straight day on Tuesday, with high-flying technology stocks rising as much as 3 per cent, as investors' fears over the impact of the Omicron variant of the coronavirus subsided. ...
International :
US stocks down 2nd week in row on Federal Reserve Rate hike, Omicron fears
US stocks tumbled for a second week in a row, roiled by fears of an imminent rate hike by the Federal Reserve and the possibility of another round of global economic turmoil from potential measures to address the coronavirus Omicron variant. ...
Business :
US stocks up 2nd day in row, extending rebound from previous meltdown
US stocks rebounded broadly for a second day in a row on Wednesday as investors continued to buy in a market cheapened by a plunge earlier in the week on fears about a resurgence in coronavirus cases. ...
Business :
US stocks suffer worst one-day loss in 3 months as investors complain about overbought markets
US stocks suffered their worst one-day loss in three months on Wednesday, with the three major equity indexes tumbling more than 2 per cent each, amid fears the market had been overbought after a rally with few breaks since late October. ...