• August 26, 2024

Israel Economy Hit as War-Focused Netanyahu Stalls on Budget

(Bloomberg) -- With domestic and international attention focused on Israel’s war in Gaza and escalating tensions with Hezbollah, Prime Minister Benjamin Netanyahu’s administration has stalled discus...

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• August 26, 2024

Stocks stutter, oil jumps on Mideast escalation worries

By Dhara Ranasinghe and Wayne Cole LONDON (Reuters) -World stock markets turned cautious on Monday as optimism that U.S. interest rates are coming soon was tempered by concern over increased tens...

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• August 26, 2024

Palm Oil Climbs to One-Month High on Stronger Demand Outlook

(Bloomberg) -- Palm oil advanced for a fourth day — making it costlier than rival soybean oil that generally commands a premium — on expectations of strong purchases by top importers. The world’s...

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• August 26, 2024

US Oil Dominance Hinges on Quiet Corner of New Mexico

(Bloomberg) -- About 100 miles east of UFO-capital Roswell, a dusty corner of New Mexico with more cattle than people is quietly buttressing the US’s world oil dominance. After pumping less crude...

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• August 26, 2024

Fed's shift to job market risks is done; now policy has to catch up

By Howard Schneider JACKSON HOLE, Wyoming (Reuters) - In 2022, when the Federal Reserve's focus shifted to combating inflation, it had to ratchet up interest rates fast to get monetary policy cau...

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• August 26, 2024

Analysis-As US rate cuts near, economic 'soft-landing' odds could dictate stock performance

By Lewis Krauskopf (Reuters) - With interest rate cuts virtually locked in, investors are ramping up their focus on economic data over the next few months as they game out whether the “soft landi...

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• August 26, 2024

Greek-flagged tanker is burning after Houthi attacks, but no sign of oil spill

DUBAI, United Arab Emirates (AP) — A Greek-flagged tanker repeatedly attacked by Yemen's Houthi rebels in the Red Sea remains ablaze but hasn't sprung a major oil leak in the waterway, a Europea...

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• August 26, 2024

Muted German Business Confidence Points to Sluggish Economy

(Bloomberg) -- Germany’s business outlook held at its lowest level since February — highlighting the gloom once again engulfing Europe’s biggest economy after an early-year rebound fizzled out. T...

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• August 26, 2024

Oil climbs amid fears of escalation in Mideast tensions, countdown to US rate cuts

SINGAPORE (Reuters) — Oil prices extended gains on Monday on fears a major spillover in fighting from the Gaza conflict into the Middle East could disrupt regional oil supplies, while approaching U....

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• August 26, 2024

Israel's economy is struggling. Economists say ending the war would help

JERUSALEM (AP) — In Jerusalem’s Old City, nearly all souvenir shops are closed. In Haifa’s flea market, forlorn merchants polish their wares on empty streets. Airlines are canceling flights, busines...

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