Oil Steady after U.S. Debt Deal but Rate Hike Worries Linger

May 29 Reuters Oil prices were steady on Monday after U.S. leaders reached a tentative debt ceiling deal, possibly averting a default in the world39;s largest economy and oil consumer, but concerns about further interest rate hikes capped gains. Brent crude futures climbed 14 cents, or 0.2, to 77.09 a barrel by 0905 GMT, while […]
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Turkeys Erdogan Prevails in Election Test of his 20Y Rule

Erdogan to enter third decade in power Putin congratulates his 39;dear friend39; Vote shows polarised nation after divisive campaign ANKARA, May 28 Reuters President Tayyip Erdogan extended his two decades in power in elections on Sunday, winning a mandate to pursue increasingly authoritarian policies which have polarised Turkey and strengthened its position as a regional military power. […]
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China Steel Prices Hit ThreeYear Low on Demand Woes

Spot rebar prices at lowest since April 2020 Summer construction lull adds to headwinds Demand recovery not seen until Sept at the earliest BEIJING, May 26 Reuters Steel rebar prices in China hit their lowest in three years this week, underscoring flagging growth in the world39;s secondlargest economy, particularly in its weak property sector. The […]
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