Aug 04, 2022
Oil prices hit lowest since Ukraine invasion amid recession fears

By Noah Browning LONDON/NEW YORK (Reuters) - Global oil prices dropped on Thursday to their lowest levels since before Russia's February invasion of Ukraine, as traders fretted over the possibility of an economic recession later this year that could torpedo…

Aug 03, 2022
Ben & Jerry’s says Unilever froze directors’ salaries

By Jessica DiNapoli NEW YORK (Reuters) -Ben & Jerry's independent board said parent company Unilever Plc, with which it is locked in a dispute over the sale of its Israeli business, had frozen its directors' salaries in July as a…

Jun 24, 2022
Reading the market tea-leaves for global recession risks

By Dhara Ranasinghe, Sujata Rao and Yoruk Bahceli LONDON (Reuters) - The fastest rate-hiking cycle in decades and inflation nearing double-digits has got investors scouring market moves and data to gauge whether the world economy is headed for recession. Business…

May 13, 2022
Oil jumps 4% as U.S. gasoline prices hit record high

By Scott DiSavino NEW YORK (Reuters) -Oil prices rose about 4% on Friday as U.S. gasoline prices jumped to a record high, China looked ready to ease pandemic restrictions and investors worried supplies will tighten if the European Union bans…

May 13, 2022
IEA sees world weathering lost Russian oil supply

By Noah Browning LONDON (Reuters) - The world will not be left short of oil even with lower output from sanctions-hit Russia, the International Energy Agency (IEA) said on Thursday, after it cut its predictions for supply losses from the…