Author: FX

© Reuters. U.S. Treasury Secretary Janet Yellen speaks during a press conference at the U.S. embassy in Beijing, China, July 9, 2023. REUTERS/Thomas Peter By Andrea Shalal BEIJING (Reuters) -U.S. Treasury Secretary Janet Yellen said 10 hours of bilateral meetings with senior Chinese officials in recent days were “direct” and “productive” and helped stabilise the often rocky relationship as her four-day Beijing trip ended. Yellen, who departs Beijing on Sunday, told a press conference the United States and China remained at odds on a number of issues but she expressed confidence that her visit had advanced U.S. efforts to “put…

imaginima/E+ via Getty Images U.S. crude oil production is on track to set a record this year, up 9% Y/Y through April, helping to keep energy prices stable and blunt the efforts of Saudi Arabia and other oil exporters to drive them higher. The Energy Information Administration has forecast total U.S. output will hit 12.61M bbl/day in 2023, topping 2019’s record of 12.32M bbl/day and easily beating last year’s 11.89M bbl/day. OPEC and its allies have announced cuts this year amounting to ~6% of 2022’s production, but Rystad Energy estimates output in countries outside OPEC is making up for about…

franckreporter Credit Suisse conducted a study to identify Canada’s top stock picks based on analysts’ recommendations. It expanded on the analyst’s view by including details like investment thesis, catalysts, debates, pushback and valuation. Each Canadian analyst ranked up to three stocks with an Outperform rating and identified high-conviction Underperforms. The exercise resulted in a list of 10 top stock ideas, representing the highest recommendations within their coverage areas. Here’s an outline of Credit Suisse’s Canada Top Picks by Industry: Infrastructure/Power: Analyst Andrew M. Kuske’s top picks include TransAlta (NYSE:TAC) (TAC:CA), Keyera (OTCPK:KEYUF) (TSX:KEY:CA), and AltaGas (OTCPK:ATGFF) (TSX:ALA:CA) Precious Metals: Analyst…

5/5 © Reuters. An aerial view shows protesters as they take part in a demonstration against Israeli Prime Minister Benjamin Netanyahu and his nationalist coalition government’s judicial overhaul, in Tel Aviv, Israel July 8, 2023. REUTERS/Oren Alon 2/5 By Rami Amichay TEL AVIV (Reuters) – Israel’s business hub Tel Aviv saw the biggest anti-government protest in weeks on Saturday against a renewed push by Prime Minister Benjamin Netanyahu’s hard-right coalition to overhaul the justice system. Tens of thousands demonstrated across the country, with the rally in Tel Aviv drawing crowds far larger than recent protests, news channels N12 News and…

Tevarak Bitcoin (BTC-USD), Grayscale Bitcoin Trust (OTC:GBTC), Polygon (MATC-USD), and Presearch (PRE-USD) are among Seeking Alpha analysts’ top crypto picks for the rest of the year. After convening a roundtable of crypto analysts last month to assess the impact of the Federal Reserve’s hawkish pause decision on cryptos, SA asked a panel of six analysts to ponder the big questions about the state of crypto in 2023 as well as the critical issues that will shape its future. Kicking off part two of the crypto roundtable, two SA analysts – Logan Kane and John Miller – view Grayscale Bitcoin Trust…

Higher Q3 Oil Demand Amidst OPEC+ Supply CutsCrude oil prices have been on a downward trajectory this year with various fundamental factors influencing the overall trade dynamic. OPEC+ has been at the center of discussions once more by imposing their sway by recently cutting production to bolster crude oil prices. The actions of OPEC+ highlighted their persistence to support oil prices giving traders an underlying backing that there is a floor as to how low OPEC+ is willing to let prices slide. In June 2023, OPEC+ members approved production cuts through to the end of 2024 likely stoking a bullish…

777 Partners said to be in talks with Boeing on new jet order Source link

© Reuters. A man, who said he had been homeless since 2018, cleans an area where he is building a shelter on a sidewalk in downtown Los Angeles, California, U.S., January 30, 2022. REUTERS/Shannon Stapleton By Rachel Nostrant (Reuters) – Hundreds of soccer players from around the world will step on to the pitch on Saturday to compete in the Homeless World Cup, an international competition held this year in California for people living without permanent shelter or in rehab centers. The 40-team tournament, which runs from July 8-15 at California State University, Sacramento, is the brainchild of Homeless World…

2/2 © Reuters. Ukraine’s President Volodymyr Zelenskiy and Czech Prime Minister Petr Fiala make statements to the press after their meeting in Prague, Czech Republic, July 7, 2023. REUTERS/Stringer NO RESALES. NO ARCHIVES. 2/2 By Can Sezer ISTANBUL (Reuters) -Turkey’s President Tayyip Erdogan said on Saturday that he was pressing Russia to extend a Black Sea grain deal by at least three months and announced a visit by President Vladimir Putin in August. He was speaking at a joint news conference with Ukraine President Volodymyr Zelenskiy after the two parties met to discuss the fate of an arrangement, brokered last…

Warning: SCGLY is at high risk of cutting its dividend Source link