Analysis: US trucking downturn foreshadows possible economic gloom

April 25 (Reuters) – Craig Fuller monitors millions of transactions between US truckers and their customers as chief executive of transportation data company FreightWaves – and he does not like what he is seeing. There has been an unexpectedly sharp downturn in demand to truck everything from food to furniture since the beginning of March … Read more

Russia renews assault on Mariupol and missiles hit Odesa, Ukraine says

Luhansk governor says barrage in east intensifying Russia attacking Mariupol defenders – Ukrainian official Missiles hit Odesa military facility – Ukraine’s military UK says Russian forces made no big gains in last 24 hours KYIV, April 23 (Reuters) – Russia resumed its assault on the last Ukrainian defenders holed up in a giant steel works … Read more

Analysis: Dollar’s rally may be nearing ‘tipping point’ as Fed reads big hikes

An illustration picture shows euro and US dollar banknotes and coins, April 8, 2017. REUTERS/Kai Pfaffenbach/File Photo Register now for FREE unlimited access to Reuters.com Register April 22 (Reuters) – A months-long rally in the dollar may be reaching its peak as the Federal Reserve gears up to deploy more interest rate hikes, according to … Read more

Chinese markets continue to see foreign investment outflows in April

Coins and banknotes of China’s yuan are seen in this illustration picture taken February 24, 2022. REUTERS/Florence Lo/Illustration Register now for FREE unlimited access to Reuters.com Register April 22 (Reuters) – Overseas investors extended their selling of Chinese shares into April, after dumping them in the previous month, on mounting worries about the impact of … Read more

UK economy stumbles as consumers, firms brace for downturn

UK retail sales fall 1.4% in March, far more than expected Consumer confidence approaches record low levels S&P Global business survey shows growth slowing, gloomy outlook Bailey says BoE walks tightrope between inflation and recession LONDON, April 22 (Reuters) – Britain’s economy is losing steam as households in the face of a tightening cost-of-living squeeze, … Read more

For oil refiners, now is the summer of distillate content

A nighttime view of Marathon Petroleum’s Los Angeles Refinery, which processes domestic & imported crude oil into gasoline, diesel fuel, and other refined petroleum products, in Carson, California, US, March 11, 2022. Picture taken with a drone. REUTERS/Bing Guan Register now for FREE unlimited access to Reuters.com Register April 21 (Reuters) – Refiners are planning … Read more

Macron, Le Pen face off in high stakes election debate

Debate kicks off at 1900 GMT Macron, Le Pen in tight race to win election France votes on Sunday PARIS, April 20 (Reuters) – French President Emmanuel Macron and far-right challenger Marine Le Pen will face off on Wednesday evening in their only debate ahead of Sunday’s presidential election. For Le Pen, who lags Macron … Read more

Analysis: Wealth shock – property bust in small Chinese cities rattles households

New home prices in lower-tier cities down for seven months Households in smaller cities hit by falling home values Inventories in lower-tier cities swell as demand stays poor BEIJING, April 20 (Reuters) – Home owners in small Chinese cities are battling a rare property market downdraft as buyers keep away, eroding the wealth of millions … Read more

Calling time on QE, central banks prep for synchronized asset cull

April 19 (Reuters) – Major central banks, already plotting interest rate hikes in a fight against inflation, are also preparing a common pullback from key financial markets in a first-ever round of global “quantitative tightening” expected to restrict credit and add stress to an already-slowing world economy. The US Federal Reserve and its major counterparts … Read more

US oil drilling, output moving higher with energy prices

A rig hand works on an electric drilling rig for oil producer Civitas Resources, at the Denver suburbs, in Broomfield, Colorado, US, December 2, 2021. REUTERS/Liz Hampton/File Photo Register now for FREE unlimited access to Reuters.com Register April 14 (Reuters) – US oil production forecasts are being revised upwards despite labor and supply chain constraints … Read more