Oil prices soar ahead of OPEC+ meeting to discuss austerity measures

SINGAPORE, Oct. 4 (Reuters) – Oil prices rose Tuesday as expectations that OPEC+ could agree to a major cut in crude production on Wednesday outweighed concerns about the global economy. Brent crude futures were up 47 cents, or 0.5%, to $89.33 a barrel at 0352 GMT, after gaining more than 4% in the previous session. … Read more

Relatives of American Men Liberated by Venezuela Talk About Their Release and Reunification

Before the Americans held for years in Venezuela were released on Saturday, some of their American relatives had received calls that morning from families of other inmates at the Venezuelan military prison — telling them they had heard that the American men had been released. After nearly five years, the families in the US didn’t … Read more

Interest rates live: RBA meets to decide on Australian spot rate hike

At noon on Tuesday, the benchmark S&P/ASX200 index was up 156.8 points, or 2.44 percent, to 6613.7, while the broader All Ordinaries was up 157.4 points, or 2.36 percent, to 6813.8. In percentage terms, the ASX200 was on pace for its best session since gaining 2.59 percent on October 5, 2020. In points terms, the … Read more

A year later, Japan’s Kishida struggles to define ‘new capitalism’ | Business and Economy

Tokyo, Japan – When Japanese Prime Minister Fumio Kishida came to power last October, he pledged to promote a “new form of capitalism” that would foster healthy growth alongside a more equal distribution of wealth. But while Kishida will be in office for a year on Tuesday, the Japanese leader’s “new capitalism” is still struggling … Read more

AUD/USD rate vulnerable to Dovish RBA rate hike

Australian Dollar Talking Points AUD/USD manages to stay above the annual low (0.6363) after the kneeling reaction to the US Personal Expenditure Price Index (PCE), but the Reserve Bank of Australia (RBA) rate decision may do little to support the exchange rate as the central bank shows little interest in pursuing a restrictive policy. AUD/USD … Read more

Why curbing US fuel exports is a bad idea?

The Biden administration has not given up on the idea of ​​restricting fuel exports from the US, as the White House claims it would ease the pressure on consumers at the pump. The government also continues to attack the US oil industry, blaming it for making huge profits rather than passing on the savings to … Read more

No 10 destroyed ‘half-baked’ labor market reforms from Rees-Mogg

British Prime Minister Liz Truss has rejected a series of ‘half-baked’ ideas by Economics Secretary Jacob Rees-Mogg to radically reform the UK labor market. Rees-Mogg wanted to scrap workplace rights, including introducing a form of no-fault layoff for higher earners and repealing the 48-hour work week, according to high government insiders. The proposals made by … Read more