Oil Slides on Strong Dollar and Weaker Demand Outlook

Brent, WTI slide by about 3bbl Recession fears, China COVID curbs weigh on oil analysts Dollar strengthens, trading at near parity with euro IEA says Russia oil price cap should include refined products LONDON, July 12 Reuters Oil prices fell on Tuesday on a strong dollar, and expectations of weakening demand due to fresh COVID19 […]
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Australian Business Mood Sours in June Even

SYDNEY, July 12 Reuters A measure of Australian business confidence slid in June as rising costs and worries about consumer spending slugged the retail sector, though most firms reported actual activity was holding up well so far. Tuesday39;s survey from National Australia Bank Ltd NAB showed its index of business conditions eased 2 points to 13 […]
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Australia Consumer Sentiment Slides Further in July

SYDNEY, July 12 Reuters A measure of Australian consumer sentiment slid for an eighth straight month to match pandemic lows in July as the surging cost of living and rising interest rates darkened the national mood. The WestpacMelbourne Institute index of consumer sentiment released on Tuesday slid 3.0 in July from June, when it dropped […]
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Bank of Korea to Hike Rates by Historic 50 bps

BOK rate decision meeting starts around 9 am local time on Wednesday July 11 Reuters South Korea39;s central bank will deliver its firstever 50 basis point rate rise to 2.25 on Wednesday, turning up the heat on a ratehiking campaign as inflation tops a 24year high and has yet to peak, a Reuters poll showed […]
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