Oil Extends Losses as Rate Hike Concerns Spur SellOff

API shows US crude stocks fall market sources U.S. Fed39;s Powell sets scene for higher and faster rate hikes Dollar39;s rise keeps lid on oil LONDON, March 8 Reuters Oil prices fell sharply on Wednesday, extending Tuesday39;s losses, driven by fears that more aggressive U.S. interest rate hikes would hit demand, while the market awaited […]
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WeWork in Talks with Investors to Restructure over 3B Debt

March 7 Reuters WeWork Inc is in talks with investors to restructure its outstanding debt of more than 3 billion and raise more cash, the New York Times reported on Tuesday. Shares of the company rose about 5 in extended trading following the news. The company, which offers workstations, private offices and customized floors, had enjoyed a pandemicdriven […]
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Stocks Slump, Dollar Flies on Hawkish Powell

Powell hints at return to large interest rate hikes Markets price in 50 basis points increase 2year German Bund yields at highest since 2008 Traders see volatility on U.S. payrolls, Bank of Japan meeting LONDON, March 8 Reuters Stocks fell, the dollar hit multimonth highs and U.S. and German shortterm bond yields were parked at […]
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