Investing.com – Crude prices rose for the first time in four days, with global benchmark Brent recapturing key $90 per barrel pricing, as traders braced for the possibility of contagion from the Israel-Hamas war that could disrupt oil traffic in the Middle East — despite little evidence of such impact.…

Investing.com– Gold prices moved little on Wednesday, retaining most recent gains as fears of a recession in the euro zone, following a string of weak economic readings, kept safe haven demand supported. Any major gains in gold were largely stymied by persistent fears of higher U.S. interest rates, especially as…

MADRID (Reuters) – Spain has collected 2.9 billion euros ($3.07 billion) this year with the windfall taxes imposed on power companies and banks, acting Budget Minister Maria Jesus Montero said on Wednesday. “We have always said that it is reasonable for those who have more to contribute more. It means…

By Aziz El Yaakoubi, Hadeel Al Sayegh and Rachna Uppal RIYADH (Reuters) -Jared Kushner, the son-in-law of former President Donald Trump, said on Wednesday the Abraham Accords he helped broker between Israel and Arab countries were now “more important than ever”. His comments were made at the Future Investment Initiative…

By Tommy Wilkes and Simon Jessop LONDON (Reuters) – Emerging markets will need $1.5 trillion in investment before 2035 to make new and existing buildings environmentally friendly and avoid a jump in climate-damaging emissions, a top economist at the World Bank’s private finance arm told Reuters. Of that $1.5 trillion,…

By Natalie Grover LONDON (Reuters) – Oil benchmark Brent hovered around $88 a barrel on Wednesday as demand worries stemming from gloomy economic prospects in Europe offset concerns about war escalating in the Middle East. futures were down 2 cents at $88.05 a barrel at 1352 GMT, while U.S. West…

By Trevor Hunnicutt WASHINGTON (Reuters) -U.S. President Joe Biden welcomed Australian Prime Minister Anthony Albanese to the White House on Wednesday to discuss maritime and cybersecurity defense as they coordinate their China strategy while separately seeking to ease tensions with Beijing. Australia is a key U.S. ally in the Pacific…

China’s aluminium market has shown resilience this year, with prices on the Shanghai Futures Exchange (SHFE) climbing over 1%, contrasting global trends that saw an over 8% slump on the London Metal Exchange (LME). The strength of China’s green sector amidst a slow economic recovery is largely credited for this…

U.S. soybean export inspections have seen an increase due to robust shipments to China, according to the Department of Agriculture data. The total shipments for the week ending on Sunday, October 19, 2023, amounted to 2.46 million tons, up from 2.04 million tons from the previous week. Over 2 million…

Investing.com – The “no free lunch” metaphor is becoming clearer for the long-oil community that had doubled down on the crisis in Gaza to send the market higher than probably warranted.  Crude prices tumbled some 3% Monday — with global benchmark Brent returning to below the key $90 per barrel…