Oil hits 7-year highs as tight supply bites
Benchmark oil prices climbed to their highest level since 2014 on Tuesday as possible supply disruption after attacks in the Mideast Gulf added to an already tight supply outlook
BOJ raises inflation forecasts but rules out policy tightening
The Bank of Japan raised its inflation forecasts on Tuesday but said it was in no rush to change its ultra-loose monetary policy, as rising prices fan speculation it may soon signal a shift in its decade-old stimulus experiment.
UK sees record job creation but inflation squeezes wages
British employers hired a record number of staff last month and labour shortages deepened, increasing the chance that the Bank of England will raise interest rates again next month, but pay was squeezed by rapidly rising inflation.
Hong Kong fund to sell Japan, S.Korea Burger King business in deal over $1bln – source
Private equity firm Affinity Equity Partners is this week launching the sale of its Burger King fast-food businesses in South Korea and Japan, in a deal that could fetch more than $1 billion, a person with knowledge of the matter told Reuters.
Japan steel industry says EU extension of anti-dumping measures inappropriate
The head of Japan’s main steel industry lobby said on Tuesday the European Union’s decision to extend anti-dumping measures on electrical steel from Japan was inappropriate and it would consider taking action
Less than half of projected U.S. renewable diesel output likely by 2025- study
U.S. refiners and biofuel companies are likely to reach less than half the renewable diesel production projected by the U.S. government for 2025 due to policy and feedstock constraints, according to a study released Tuesday from consultancy Cerulogy.
Risk of central bank hikes prompts investors to shun tech – surveys
High-flying tech stocks, the darling of the pandemic, are the most shunned counters in the opening weeks of 2022 as investors see a flurry of rate hikes from central banks as the top risk to markets, investor surveys said on Tuesday.
Britain to crack down on ‘misleading’ cryptocurrency adverts
Britain is to crack down on “misleading” advertisements for crypto assets which could harm consumers, the finance ministry said on Monday.
Major U.S. airlines warn 5G could ground some planes, wreak havoc
The chief executives of major U.S. passenger and cargo carriers on Monday warned of an impending “catastrophic” aviation crisis in less than 36 hours, when AT&T (T.N) and Verizon (VZ.N) are set to deploy new 5G service.
Winter storm slams U.S. East Coast, Canada, thousands of flights canceled
A major winter storm slammed much of the eastern United States with snow, ice and high winds on Sunday, causing widespread travel disruptions and power outages on a holiday weekend.
