Oil prices rise after OPEC+ upholds production cut targets, China eases COVID restrictions

Brent gained 0.8% at 0430 GMT, WTI rose 0.9% OPEC+ maintains plans to cut production by 2 million barrels per day More Chinese cities are easing COVID-19 restrictions MELBOURNE, Dec 5 (Reuters) – Oil prices rose as much as 2% on Monday after OPEC+ countries kept their production targets stable ahead of a European Union … Read more

The deep inversion of the yield curve in Canada adds to the dilemma of the BoC’s rate hike

TORONTO, Dec. 4 (Reuters) – As the Bank of Canada considers scrapping excessive rate hikes, it faces an economy likely to be more overheated than previously thought, but also the clearest signal yet from the bond market that a recession and lower inflation are on the horizon. Canada’s central bank says the economy must slow … Read more

India Plans Federal Oversight Of All Real Money Online Games – Resources, Doc

NEW DELHI, Dec 4 (Reuters) – India’s planned regulation of online gambling will apply to all real money games after the Prime Minister’s office rejected a proposal to regulate only games of skill and omit gambling, according to a government document and three sources. The much-anticipated regulations are seen as defining the future of India’s … Read more

El Salvador sends 10,000 troops to a gang-run capital

SAN SALVADOR, Dec. 3 (Reuters) – El Salvador’s President Nayib Bukele on Saturday announced the deployment of 10,000 security forces to a suburb of San Salvador known as a gang stronghold. The move is the latest escalation in a crusade against gang violence that began in March and is marred by unjust detentions, according to … Read more

Mexico and the US are planning a pitch in early 2023 to attract companies from abroad

MEXICO CITY, Dec. 2 (Reuters) – Mexico’s Economy Minister Raquel Buenrostro and US Commerce Secretary Gina Raimondo agreed on Friday to develop a plan for the relocation of companies from Asia to North America by early 2023, the agency said. Mexican government. On her first visit to Washington since taking office in October, Buenrostro met … Read more

BoC Keeps Pace With December 50 Basis Point Rate Hike – Economists

BENGALURU, Dec 1 (Reuters) – The Bank of Canada will raise its key interest rate by another 50 basis points to 4.25% on Dec 7, according to a slim majority of economists in a Reuters poll suggesting the central bank should pause then on a nine-month tightening campaign. An economy that grew at a solid … Read more

World Bank chief says poorest countries owe $62 billion in bilateral debt

WASHINGTON, Dec. 1 (Reuters) – The world’s poorest countries now owe $62 billion in annual debt service to official bilateral creditors, a 35% increase over the past year, World Bank president David Malpass said on Thursday . increase the risk of payment defaults. Malpass told the Reuters NEXT conference in New York that two-thirds of … Read more

US farm incomes are rising to new heights on global demand for food and feed

CHICAGO, Dec. 1 (Reuters) – Rising grain and livestock prices are expected to push U.S. farm incomes to all-time highs this year as producers benefit from strong global demand for grain and oilseeds amid tight supplies, the U.S. reported. ministry of agriculture on Thursday. Farm net income — a broad measure of gains in the … Read more

Why Makron? Biden’s state dinner highlights France’s appeal to the US

WASHINGTON, Nov 30 (Reuters) – President Joe Biden’s welcoming of French President Emmanuel Macron during the first state visit from the White House on Thursday since the US Democrat took office in early 2021 is being celebrated by officials from both countries as a recognition of France’s status as America’s oldest ally. The visit also … Read more

South Korea scrambles fighter jets as fighter jets from China and Russia penetrate air defense zone

SEOUL, Nov 30 (Reuters) – The South Korean military said it scrambled warplanes when two Chinese and six Russian warplanes entered the air defense zone on Wednesday. The two Chinese H-6 bombers repeatedly entered and exited the Korea Air Defense Identification Zone (KADIZ) off the south and northeast coasts of South Korea from about 05:50 … Read more