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  • Feb 18, 2025

Oil holds near one-week high on supply concerns, sanctions on Russia eyed

Oil prices held near a one-week high on Wednesday on worries about supply disruptions in Russia and the U.S., while the market awaited clarity on sanctions as Washington tries to broker a deal to end the war in Ukraine. Brent futures rose 20 cents, or 0.3%, to settle at $76.04 a barrel, while U.S. West Texas Intermediate (WTI) crude rose 40 cents, or 0.6%, to settle at $72.25. "The market is trying to make up its mind on three bullish drivers: Russia, Iran and OPEC," said BNP Paribas commodities strategist Aldo Spanjer.

  • Feb 18, 2025

NZ central bank cuts rates 50bps, flags steeper easing cycle to revive frail economy

New Zealand's central bank cut its benchmark rate by 50 basis points to 3.75% on Wednesday and flagged further reductions in borrowing costs amid moderating inflation as policymakers sought to revive a struggling economy. The Reserve Bank of New Zealand Governor Adrian Orr said the board is forecasting a lower terminal rate than in its November projections, and expects two more 25-basis point rate cuts in April and May subject to economic conditions evolving as expected. The rate track pushed it broadly in line with market pricing and reinforced the RBNZ's dovish stance in contrast with a more cautious approach in Australia and the U.S., denting the New Zealand dollar and sparking a rally in 90-day bank bill futures.

  • Feb 18, 2025

Milei Crypto Scandal Widens With Allegations Against His Sister

(Bloomberg) -- The political uproar over Argentine President Javier Milei’s role in a crypto scandal has cast the spotlight on his closest adviser and gatekeeper: his sister. Most Read from BloombergWhy Barcelona Bought the Building That Symbolizes Its Housing CrisisPor qué Barcelona compró el edificio que simboliza su crisis inmobiliariaTrump Child Refugee Agency Shares Data With Immigration EnforcersA Filmmaker’s Surreal Journey Into His Own Private WinnipegHayden Davis, a key figure behind th

  • Feb 18, 2025

Trump Says Chevron’s Venezuela Oil Exports Under Review

(Bloomberg) -- Chevron Corp.’s ability to continue exporting crude from Venezuela is under review, President Donald Trump said, signaling an openness to tighter restraints on the oil giant’s operations in the South American country.Most Read from BloombergWhy Barcelona Bought the Building That Symbolizes Its Housing CrisisPor qué Barcelona compró el edificio que simboliza su crisis inmobiliariaTrump Child Refugee Agency Shares Data With Immigration EnforcersA Filmmaker’s Surreal Journey Into His

  • Feb 18, 2025

China Revamps Power Market Rules In Challenge to Renewables Boom

(Bloomberg) -- China’s unprecedented boom in renewable energy is facing a fresh challenge from government rules that will allow market forces to determine the price of new wind and solar power.Most Read from BloombergWhy Barcelona Bought the Building That Symbolizes Its Housing CrisisPor qué Barcelona compró el edificio que simboliza su crisis inmobiliariaTrump Child Refugee Agency Shares Data With Immigration EnforcersA Filmmaker’s Surreal Journey Into His Own Private WinnipegThe mandate from J

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