Most UK Exporters Hit by Red Sea Disruption, Survey Shows

LONDON Reuters Most British exporters and manufacturers have felt an impact from disruption in the Red Sea caused by attacks on shipping by Yemen39;s Iranaligned Houthi rebels, according to a survey. The British Chambers of Commerce said 55 of exporters reported disruption, as did 53 of manufacturers and businesstoconsumer services firms, a category that includes retailers […]
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US Diesel Exports to Europe Dip on Plummeting Refining Output

NEW YORKWASHINGTON, Feb 26 Reuters A slump in U.S. refining activity and disruptions to global trade have tightened diesel supplies in recent weeks, dampening historically high U.S. diesel exports to Europe this month. Difficulties in securing U.S. diesel complicate an existing supply crunch in Europe, which previously relied on Russian fuel exports. U.S. diesel cracks […]
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Dollar Gains Ground in Busy Data Week, US Inflation in Focus

SINGAPORE, Feb 26 Reuters The dollar was on the front foot on Monday ahead of a packed week filled with key economic releases that will provide further clues on the global interest rate outlook, with a U.S. inflation reading taking centre stage. The core personal consumption expenditures PCE price index the Federal Reserve39;s preferred measure […]
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Most Gulf Markets Ease ahead of Inflation Tests

Feb 26 Reuters Most major stock markets in the Gulf fell in early trade on Monday on market concerns that higherthanexpected inflation could delay cuts to high U.S. interest rates. The Federal Reserve39;s favoured measure of inflation, the core personal consumption expenditures PCE price index, is due on Thursday and forecasts are for a rise […]
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Chinese Companies Axe IPO Plans amid Listing Scrutiny

SHANGHAISINGAPORE, Feb 26 Reuters Companies have scrambled to scuttle plans for initial public offering in China this year as the securities watchdog tightens rules on share listings in a bearish market. Fortyseven companies pulled their listing plans from China39;s stock exchanges so far this year, compared with 29 withdrawals during the same period one year […]
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