Morning Bid: Eye of the Storm

Register now for FREE unlimited access to Reuters.com Register A look at the day ahead of Mike Dolan’s US and global markets. As Hurricane Ian raged and set his sights on Cuba and Florida, a global financial storm calmed down the bond and currency markets moderately – though likely only temporarily. Ian strengthened to a … Read more

Mysterious leaks hit Russian undersea gas pipelines, raising European suspicion

Register now for FREE unlimited access to Reuters.com Register Neither Nord Stream pipeline was pumping gas at the time Both pipes still contain pressurized gas Operator says damage to Nord Stream 1 ‘unprecedented’ Crisis over Russian gas has pushed prices up Europe races to find alternative supplies STOCKHOLM/COPENHAGEN, Sept. 27 (Reuters) – European countries rushed … Read more

Morning Bid: Unstable Cable | Reuters

US dollar banknotes can be seen in this image, taken on June 14, 2022. REUTERS/Florence Lo/Illustration Register now for FREE unlimited access to Reuters.com Register A look at the day ahead of Mike Dolan’s US and global markets. Britain’s gamble to boost growth with unfunded tax cuts in a surge in inflation has turned into … Read more

Sterling collapses as investors fly into dollars

Register now for FREE unlimited access to Reuters.com Register Sterling hits record low; risk of BOE reaction Euro down 1%; Aussie, Kiwi, Yuan Hits Multi-Year Low S&P 500 futures fall 0.6% SYDNEY, Sept. 26 (Reuters) – Sterling sank to a record low on Monday, sparking speculation about an emergency response from the Bank of England … Read more

Storm Fiona ravages Canada’s east coast; thousands without power

Register now for FREE unlimited access to Reuters.com Register HALIFAX, Nova Scotia, Sept. 24 (Reuters) – Powerful storm Fiona struck hurricane-force winds across eastern Canada on Saturday, blowing trees and power lines, leaving hundreds of thousands of homes and businesses without electricity. The US National Hurricane Center (NHC) said the storm’s center, downgraded to post-tropical … Read more

UK eases pressure on business by cutting energy bills in half this winter

Register now for FREE unlimited access to Reuters.com Register Wholesale electricity, gas bills will be capped from October The level will be less than half of current market prices Government says deal will prevent companies from collapsing LONDON, Sept. 21 (Reuters) – The British government said on Wednesday it would limit wholesale electricity and gas … Read more

Europe burns money to help companies with mounting energy crisis

Register now for FREE unlimited access to Reuters.com Register European gas prices skyrocketed during Ukraine crisis Utilities face liquidity crisis as fuel prices rise Germany will ‘do everything’ to help companies Russian mobilization sends oil up, contributing to price pain BERLIN/LONDON, Sept. 21 (Reuters) – Germany nationalized gas importer Uniper (UN01.DE) on Wednesday and Britain … Read more

Oil prices rise more than 2% as Putin mobilizes more troops

Pumpjacks are seen during sunset at the Daqing oil field in China’s Heilongjiang province, 22 August 2019. REUTERS/Stringer Register now for FREE unlimited access to Reuters.com Register SINGAPORE, Sept. 21 (Reuters) – Oil rose more than 2% on Wednesday after Russian President Vladimir Putin announced a partial military mobilization, escalating the war in Ukraine and … Read more

Hurricane Fiona hits Turks and Caicos as Category 3 storm and heads for Bermuda

SAN JUAN, Puerto Rico, Sept. 20 (Reuters) – Hurricane Fiona hit the Turks and Caicos Islands as a powerful Category 3 storm on Tuesday, pouring heavy rain and causing flooding in the Caribbean archipelago after breaking a path of destruction through the Dominican Republic had cut and Puerto Rico. US officials said the storm had … Read more

Europe is racing to prepare for an energy crisis this winter

Register now for FREE unlimited access to Reuters.com Register Spain may close energy-intensive industries during peak hours France is preparing to send gas to Germany in October Berlin still working on rescue operation Uniper PARIS/MADRID/BERLIN, Sept. 19 (Reuters) – European governments on Monday outlined new measures to cope with potential energy shortages this winter and … Read more