George Economou: Establishment do-gooder or Putin's puppet?
In May 2023, the Wall Street Journal dubbed George Economou the 'bad boy' of shipping, capturing the Greek magnate's penchant for controversial deals.
Asian Markets Mixed As Traders Eye US Data, Looming Fed Meeting
Asian markets were mixed Thursday after a tepid day on Wall Street, with traders looking forward to a string of US data that could help sway Federal Reserve officials ahead of their policy meeting next week.
Stock Markets Waver After Tokyo Record
Global stock markets wavered on Monday even as Tokyo closed at an all-time high, while oil prices retreated despite a decision by major crude producers to extend output cuts.
Several Countries Extend Oil Cuts To Boost Prices
Moscow, Riyadh and several other OPEC+ members on Sunday announced extensions to oil production cuts first announced in 2023 as part of an agreement among oil producers to boost prices following economic uncertainty.
Stocks Markets Mostly Lower After Rally
Stock markets were mixed on Monday after last week's rally as investors turned their attention to a clutch of economic data in the coming days.
Global Stocks Mixed On Fed Rate Cut Caution Ahead Of Nvidia Results
Wall Street stocks were mixed Wednesday, reversing some earlier declines, as traders nervously awaited earnings from US tech darling Nvidia and digested Federal Reserve minutes that signaled slower interest rate cuts ahead.
Global Stocks Mostly Lower Despite China Rate Cut
Wall Street and European stocks mostly fell on Tuesday as gains made in Asia after China's central bank sprang a record cut to a benchmark lending rate to boost the nation's struggling economy failed to carry over.
Asia Stocks Mixed As China Enjoys Lunar New Year Bump
Chinese stocks were buoyant after Lunar New Year but other Asian markets were mixed on Monday as a hot US inflation report rekindled worries over the timing of Fed rate cuts.
World Demand For Liquefied Natural Gas Jumps 50% By 2040: Shell
British energy group Shell on Wednesday forecast that world demand for liquefied natural gas would jump more than 50 percent by 2040, fuelled by China dumping coal.
Stocks Bounce After Data-induced Drop
European and US stocks rebounded Wednesday from the previous day's sharp losses, as dealers went fishing for bargains, digested lower-than-expected UK inflation and shrugged off equity losses elsewhere.
Global Stocks Mixed Ahead Of Inflation Data
The Dow climbed to a fresh record Monday on a mixed day for global equities as markets awaited an influential US inflation report.
S&P 500 Flirts With 5,000 Points While Oil Prices Rally
The S&P 500 flirted with a landmark new peak Thursday, but finished just shy of 5,000 points, while oil prices shot higher on worries about the Middle East.
Stock Markets Mixed As Investors Digest Corporate Results
While US stocks closed up, the picture in Europe was less positive: London, Paris and Frankfurt all ended lower as investors locked in profits from recent gains.
Global Stocks Rise On Strong Earnings, New Support From China
US and European indexes edged cautiously higher Tuesday as investors digested strong corporate results, while stocks in Hong Kong and Shanghai soared after Chinese authorities announced moves to reverse a long-running rout.
Global Stocks Sink As Optimism Dims Over Early Rate Cuts
Global stock markets mostly fell Monday after comments by Federal Reserve boss Jerome Powell doused flickering hopes that US interest rate cuts could still begin in March.
Shell Reports 2023 Profits of $28.25 Billion Amid Market Shifts
The company's shift towards trading more in liquefied natural gas (LNG) and increased production offset reduced earnings from refining and oil trading, along with higher operating costs.
Stocks Waver As US Tech Shares Fall, Fed Meets On Rates
Stock markets wavered on Wednesday as shares in major US tech companies fell and investors awaited a key Federal Reserve interest rate meeting.
Global Stocks Mixed As Traders Track Eurozone Data, Await Fed
Global stocks were mixed Tuesday as Wall Street wavered ahead of fresh interest-rate signals from the US Federal Reserve, and new data showed that the eurozone dodged recession at the end of last year.
Stocks Steady While Oil Prices Back Off Three-month Highs
European and US stocks were mostly flat Monday at the start of a week packed with major earnings and data in addition to central bank decisions on interest rates.
Most Asian Markets Rise After Wall St Record
Most Asian markets rose Monday following a record finish on Wall Street, but hopes for an early US interest rate cut were dealt a fresh blow by Federal Reserve officials looking to rein in investor expectations.
Economic Headwinds Blow Stocks Lower Around The World
Global stocks moved lower on Wednesday as stronger than expected US retail sales data dimmed investors' hopes for an early start to interest rate cuts.
European Stock Markets, Oil Prices Retreat
European stock markets fell Monday as data showed Germany's economy shrank last year, while oil prices cooled despite fresh US-UK strikes on Huthi targets in Yemen.
US Stocks Mostly Fall As Tokyo Hits 33-year High
US and European stocks markets mostly retreated Tuesday as a rebound at the start of the week lost steam amid investor worries about the growth outlook.
Oil Prices Slump But Stock Markets Mostly Higher
Oil prices on Monday slumped following a sharp price cut by Saudi Aramco while Wall Street stocks rocketed higher, rebounding after a sluggish start to 2024.
Asian Markets Extend New Year Retreat After Fed Minutes
Asian markets continued their disappointing start to the year Thursday, tracking another loss on Wall Street after minutes from the Federal Reserve's December meeting dampened hopes for an early interest rate cut.
Oil Prices Jump, Stocks Slump After Iran Blasts
Global markets were rattled Wednesday as blasts in Iran that killed at least 103 fanned fears of the war between Israel and Hamas spreading further.
New Year Gets Off To A Weak Start As Traders Eye Rate Cuts
Asian markets slipped Tuesday as most traders returned from the New Year break looking forward to a 2024 that is expected to see a series of Federal Reserve interest rate cuts, but to also be full of economic and political uncertainty.
Venezuela Launches Military Exercise Over British Warship 'Threat'
Venezuela's President Nicolas Maduro on Thursday ordered more than 5,600 military personnel to participate in a "defensive" exercise near the border with Guyana, in response to Britain sending a warship to the area.
Asian Stocks Open Year's Last Trading Day Cautiously
Asian stocks opened cautiously on Friday, largely continuing an end-of-year rally that has been boosted by investors' expectations of a US Federal Reserve rate cut as early as March.
Stock Markets Mixed As Trading Year Nears End
Global stocks were mixed Thursday on the penultimate trading day of 2023, while oil prices fell on easing worries about shipping disruptions in the Red Sea.