Global shares hit three-month highs on economic recovery hopes

Global shares hit three-month highs on economic recovery hopes
LONDON (Reuters) – World shares hit three-month highs on Wednesday and the dollar fell for the sixth day running as easing lockdowns and hopes for more monetary stimulus gave investors confidence, despite civil unrest in the United States and rising COVID-19 tolls. FILE PHOTO – A general view shows the German share prize index DAX board during afternoon trading as... Read More

Oil tops $40 for 1st time since March on OPEC cuts, demand recovery

Oil tops $40 for 1st time since March on OPEC cuts, demand recovery
LONDON (Reuters) – Oil rose on Wednesday, topping $40 a barrel for the first time since March, supported by lower U.S. inventories, expectations OPEC+ will keep oil output cuts in place and signs of demand recovery from the coronavirus crisis. FILE PHOTO: The sun sets behind an oil pump outside Saint-Fiacre, near Paris, France September 17, 2019. REUTERS/Christian Hartmann Suggesting... Read More

Global shares hit 3-month highs on economic recovery hopes

Global shares hit 3-month highs on economic recovery hopes
LONDON (Reuters) – World shares hit three-month highs on Wednesday and the dollar fell for the sixth day running as easing lockdowns and hopes for more monetary stimulus gave investors confidence, despite civil unrest in the United States and rising COVID-19 tolls. FILE PHOTO: Investors look at screens showing stock information at a brokerage house in Shanghai, China January 16,... Read More

China drives global oil demand recovery out of coronavirus collapse

China drives global oil demand recovery out of coronavirus collapse
BEIJING/NEW YORK/TOKYO (Reuters) – China’s oil demand has recovered to more than 90% of the levels seen before the coronavirus pandemic struck early this year, a surprisingly robust rebound that could be mirrored elsewhere in the third quarter as more countries emerge from lockdowns. FILE PHOTO: Oil and gas tanks are seen at an oil warehouse at a port in... Read More

Shell weighs sale of $2 billion-plus stake in Queensland LNG facilities

Shell weighs sale of $2 billion-plus stake in Queensland LNG facilities
FILE PHOTO – Filled oil drums are seen at Royal Dutch Shell Plc’s lubricants blending plant in the town of Torzhok, north-west of Tver, November 7, 2014. REUTERS/Sergei Karpukhin/File Photo MELBOURNE/SYDNEY (Reuters) – Royal Dutch Shell (RDSa.L) is considering raising more than $2 billion from the sale of a stake in the common facilities at its Queensland Curtis LNG plant... Read More

Shell looks to raise $2 billion from sale of stake in Queensland LNG facilities

Shell looks to raise $2 billion from sale of stake in Queensland LNG facilities
FILE PHOTO – Filled oil drums are seen at Royal Dutch Shell Plc’s lubricants blending plant in the town of Torzhok, north-west of Tver, November 7, 2014. REUTERS/Sergei Karpukhin/File Photo MELBOURNE (Reuters) – Royal Dutch Shell (RDSa.L) is looking to looking to raise more than $2 billion from the sale of a 26.25% stake in the common facilities at its... Read More

Oil gains, with Brent above $40, as hopes rise for output cuts, recovery

Oil gains, with Brent above $40, as hopes rise for output cuts, recovery
TOKYO (Reuters) – Oil rose on Wednesday, with Brent above $40 for the first time since March, as optimism mounted that major producers will extend output cuts and a recovery from the coronavirus pandemic will spur fuel demand. FILE PHOTO: The sun sets behind an oil pump outside Saint-Fiacre, near Paris, France September 17, 2019. REUTERS/Christian Hartmann Brent crude futures... Read More

World stocks jump to 3-month high as recovery hopes outweigh looming risks

World stocks jump to 3-month high as recovery hopes outweigh looming risks
TOKYO/NEW YORK (Reuters) – Global shares vaulted to a near three-month high on Wednesday as hopes of more stimulus and further easing in social restrictions around the world outweighed caution over a host of worries from the coronavirus to growing U.S. civil unrest. FILE PHOTO: Investors look at screens showing stock information at a brokerage house in Shanghai, China January... Read More

BlackRock focuses on China credit, oil and travel in Asia

BlackRock focuses on China credit, oil and travel in Asia
The BlackRock logo is seen outside of its offices in New York City, U.S., October 17, 2016. REUTERS/Brendan McDermid SINGAPORE (Reuters) – The world’s biggest asset manager, BlackRock Inc (BLK.N), called out oil stocks, domestic tourism and debt in China and India as investment opportunities in its Asia outlook on Wednesday. The manager of $6.5 trillion in assets expects it... Read More

Brent oil rises to $40 amid hopes for output cuts, recovery

Brent oil rises to $40 amid hopes for output cuts, recovery
TOKYO (Reuters) – Oil rose on Wednesday, with Brent at $40 for the first time since March, as optimism mounted that major producers will extend production cuts and a recovery from the coronavirus pandemic will spur fuel demand. FILE PHOTO: The sun sets behind an oil pump outside Saint-Fiacre, near Paris, France September 17, 2019. REUTERS/Christian Hartmann Brent crude futures... Read More