Market Overview - Page 151

Brent oil prices rose above $77 a barrel for the first time since 2018 after OPEC+ failed to reach an agreement on bringing back curtailed output, leaving the market with tighter supplies than expected. Futures rose as much as 1.2%.

Consumers may get some respite from surging food prices in the coming years as demand growth slows and output rises, according to the Organisation for Economic Cooperation and Development and United Nations. A gauge of global food costs has jumped.

Investors have high expectations for the global oil recovery because of the economic pick up in the U.S. — but those expectations could be “too optimistic,” according to energy analyst Vandana Hari. “The U.S. rebound and the U.S. leaving behind.

China’s government has opened a new battlefront with the country’s technology giants, looking to target their collection and use of data. On Monday, the Cyberspace Administration of China (CAC) also opened a cybersecurity probe into U.S.-listed Boss Zhipin and subsidiaries.

Nexperia, a Dutch chip firm owned by China’s Wingtech, confirmed on Monday that it plans to acquire the U.K.’s largest chip producer, Newport Wafer Fab. It comes after two people close to the deal told CNBC on Friday that the.

A meeting between oil producer group OPEC and its partners, which was aiming to broker a deal on crude output after the group unexpectedly failed to reach an agreement last week, has been called off. The energy alliance, often referred.

Asia-Pacific stocks were mixed in Friday trade as investors look ahead to a closely-watched U.S. jobs report set to be released later. Mainland Chinese stocks were among the biggest losers regionally as the Shanghai composite fell around 1.6% while the.

Legendary investor Warren Buffett said the economic consequences of the pandemic are falling disproportionately on small businesses and the unpredictability of Covid-19 is far from over. “The economic impact has been this extremely uneven thing where … many hundreds of.

The great lumber bubble of 2021 has popped. After a jaw-dropping rally this spring, lumber prices have come back down to earth as supply increased, speculative trading action cooled and homebuilding demand eased. Lumber futures have tanked 42% in June.

The coronavirus delta variant first discovered in India has now spread around the world, prompting further waves of infections in countries like the U.K. Now, there are increasing signs that mainland Europe is seeing a sharp rise in cases too..

The end of one of the best first halves since 1998 for U.S. stocks is being marked by small moves and slow trading. Despite strong labor and housing data, concern about high valuations and the spread of a more contagious.

Russian President Vladimir Putin said Wednesday that he had received the Sputnik V coronavirus vaccine, as the Kremlin struggles to convince a skeptical public about the benefits of inoculation. “I thought that I needed to be protected as long as.