Resume Businesses Anglo iron ore unit profits down 17% Weaker prices, rail problems affect revenues Jul.25 (Reuters) – Anglo American’s South African iron ore unit (AAL.L) said cooperation between private investors and the government could help solve bottlenecks in rail mounting that are forcing it to stockpile more iron ore at its mines. Kumba Iron…
LONDON, July 25 (Reuters) – Global equities rose on Tuesday, buoyed by a rally in Asia, where the yuan rallied after China pledged to step up support for its sputtering economy, while signs of a slowdown in European growth dented the euro. China’s top leaders pledged late Monday to provide more aid to the economy,…
Resume China Steps Up Macroeconomic Adjustments – Politburo Says will focus on increasing domestic demand Will adjust and optimize the real estate policy in a timely manner Says the economy is facing new difficulties and challenges BEIJING, Jul 24 (Reuters) – China’s top leaders pledged on Monday to step up policy support for the economy…
LONDON, July 21 (Reuters) – Oil prices crept up on Friday, supported by economic stimulus in slowly recovering China and falling inventories in the US. Brent futures were up 65 cents to $80.29 a barrel by 0817 GMT, while US West Texas Intermediate (WTI) crude was up 64 cents to $76.29 a barrel. Prices closed…
Resume Businesses Anglo American shines after production update Sterling continues to weaken after inflation data FTSE 100 up 0.8%, FTSE 250 down 0.1% Jul 20 (Reuters) – Britain’s blue-chip index hit a new month-high on Thursday, as strong production data from Anglo American and hopes of new stimulus for China’s slowing economy boosted mining stocks….
Jul 19 (Reuters) – Global oil prices fell on Wednesday after opening higher at the start of Asian trading as markets weighed US demand concerns against China’s pledge to boost economic growth, tighter Russian supply and dwindling US supplies. Brent futures fell 1 cent to $79.62 a barrel at 0615 GMT, while US West Texas…
A look at the day ahead at Wayne Cole’s European and global markets It could have been worse is about the best that can be said about China’s data dump today. The Q2 GDP figure of +0.8% q/q came in just above expectations, but fell short year-on-year by 6.3%, pointing to revisions sometime in the…
BEIJING, Jul 16 (Reuters) – A deluge of economic data out of China on Monday is expected to show that the post-pandemic rebound is rapidly fading, raising expectations that Beijing may soon need to unveil more stimulus measures to ease activity and shaky consumer confidence. to support . After a strong start to the year…
Resume New home prices in June have slowed from May Fewer cities are reporting increases Distressed real estate sector provides additional stimulus pressure BEIJING, Jul 15 (Reuters) – China’s new house prices remained unchanged in June, the weakest result this year, data showed on Saturday, increasing pressure on policymakers for more stimulus as the economic…
Resume More households see prices rise in 1.5 years – survey Data points to rising inflationary pressures BOJ’s meeting in July in view, some question early adjustment to low rates TOKYO, Jul 12 (Reuters) – Japanese household inflation expectations have risen in the three months to June, a central bank survey showed on Wednesday. The…
Resume Businesses STOXX 600 up to 0.2% Miners win the most as the dollar weakens The British FTSE is lagging behind other European stock exchanges Construction supply company Kingspan outperforms STOXX 600 July 11 (Reuters) – European stocks rose on Tuesday as investors hoped the US Federal Reserve was nearing the end of its rate…
HONG KONG, Jul 11 ​​(Reuters) – Asian stocks rallied on Tuesday and the safe haven dollar fell on Tuesday as investors hoped this week’s US inflation data would support an impending end to rate hikes and welcomed the prospect of China’s economic stimulus to support the stagnation. grow. Markets are awaiting US inflation data expected…