There Are Signs of Stronger China Rebound to Boost Oil, IEA Says

A tanker truck travels towards a petrochemical production complex on the outskirts of Shanghai, China, on Tuesday, March 1, 2022. Oil extended its relentless rally before an OPEC+ meeting as the International Energy Agency warned that global energy security is under threat following Russia’s invasion of Ukraine. Photographer: Qilai Shen/Bloomberg

Goldman to Cut Hundreds More Jobs as Consumer Unit Scaled Back

Goldman Sachs Group headquarters in New York, US, on Wednesday, June 15, 2022. The Securities and Exchange Commission is looking into whether some investments for the funds are in breach of ESG metrics promised in marketing materials, one of the people said.

HSBC Sees Loan Availability to Drive Growth for India M&A Deals

A logo at a HSBC Holdings Plc bank branch on King Street that is set for closure in the near future on Thursday, in Hammersmith district of London, UK, on Tuesday, July 26, 2022. HSBC are due to report second-quarter earnings on Aug. 1. Photographer: Hollie Adams/Bloomberg

Oil Rebounds as Key Pipeline Remains Shut and China Eases Curbs

Following the imposition of the price cap and related curbs, a backlog of tankers waiting to haul oil through Turkey’s vital shipping straits built up amid a dispute over insurance cover. That now appears to be clearing, with a port agent tally on Sunday showing 19 tankers waiting to pass through the Bosphorus and Dardanelles … Read more

Putin Says Russia May Add Nuclear First Strike To Strategy

“We’re thinking about this,” the Russian president told reporters after a summit in Kyrgyzstan. “If we are talking about a disarming strike, perhaps we should think about using the approaches of our American partners,” he said, citing what he called US strategies to use high-accuracy missiles for a preventive strike.

Fed Expected to Keep Peak Rates for Longer, Dashing Hopes for 2023 Cuts

“This will be a very challenging period for policymakers at all levels,” said Hugh Johnson, chairman of Hugh Johnson Economics LLC. While the Fed clearly desires to hold rates at the peak throughout the year, “These decisions are  quite clearly data dependent and will be challenged if, as we  suspect, the economy contracts and inflation … Read more