TOKYO—The dollar remained firm near a two-decade high versus major peers on Tuesday as investors braced for another aggressive rate hike by the Federal Reserve as it battles to rein in overheated inflation. The dollar index, which measures the greenback against six counterparts, edged 0.09 percent higher to 109.64, stable for the moment after pulling…
Oil Prices Up but Expected Fed Rate Hike Paints Bearish Picture
September 20, 2022
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LONDON—Oil prices ticked up on Tuesday as OPEC and its allies keep producing less than their quotas, but were headed for a fourth monthly decline ahead of an expected further U.S. interest rate hike which may curb economic growth and fuel demand. Brent crude futures for November settlement were up 41 cents, or 0.5 percent,…
Stocks Muted, Sweden Kicks Off Salvo of Central Bank Hikes
September 20, 2022
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LONDON—Stocks were little changed on Tuesday as investors braced for more hefty interest rate hikes from central banks to quell inflation, with Sweden setting the tone ahead of its U.S., Swiss and British counterparts later in the week. The dollar was steady near a two-decade high versus major peers, crude oil prices were little changed,…
[PREMIERING on Sep 23 at 9 PM ET] Under the Skin | Documentary
September 16, 2022
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“Under the Skin” brings a topic to the public’s attention that concerns us all: the safety of vaccinations. No medical measure interferes more intensively with the mechanisms of the immune system. At the same time, we live in a time when nearly half of the population suffers from allergies, autoimmune diseases, or other disorders of…
World Bank Sees Rising Risk of Global Recession in 2023
WASHINGTON—The world may be edging toward a global recession as central banks across the world simultaneously hike interest rates to combat persistent inflation, the World Bank said on Thursday. The world’s three largest economies—the United States, China, and the euro area—have been slowing sharply, and even a “moderate hit to the global economy over the…
Dollar Heads for Another Strong Week, Yuan Weakens Past Key Level
LONDON—The dollar rallied again on Friday, as U.S. Treasury yields rose ahead of a potentially huge Federal Reserve interest rate hike next week, while China’s yuan weakened past the psychologically important threshold of 7 per dollar. The dollar, measured against a basket of currencies, is headed for a near 1 percent rise this week, as…
Brent Crude Falls 3 Percent on Demand Concerns, Strong Dollar
September 15, 2022
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LONDON—Brent crude oil fell 3 percent on Thursday as expectations of weaker demand and a strong U.S. dollar ahead of a potentially large interest rate increase outweighed supply concerns. The International Energy Agency said this week oil demand growth would grind to a halt in the fourth quarter. The dollar held near recent peaks, supported…
Yen Jumps Versus Dollar After BOJ Rate Check, Hints on Intervention, US PPI Data
NEW YORK/LONDON—The yen was up more than 1 percent against the dollar on Wednesday after the Bank of Japan conducted a rate check in possible preparation for currency intervention, with the Japanese currency strengthening more in the wake of U.S. producer prices data. In a rate check, central bank officials call up dealers and ask…
Oil Rises 2 Percent on Supply Concerns, Expectations for Fuel Switching
September 14, 2022
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NEW YORK—Oil rose about 2 percent on Wednesday, rebounding from the previous day’s lows, as an international energy watchdog expects an increase in gas-to-oil switching due to high prices this winter, even though the outlook for demand remains gloomy. Brent crude futures rose by $1.86 a barrel, or 2 percent, to $95.03 by 11:58 a.m….
World Shares Fall, Tracking Wall Street Dismay Over Price Data
September 14, 2022
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World markets slipped Wednesday after Wall Street fell the most since June 2020 as a report showed inflation has kept a surprisingly strong grip on the U.S. economy. European benchmarks were marginally lower while Asia saw bigger losses. U.S. futures edged higher, with the contracts for the Dow industrials and the S&P 500 up 0.3…
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