(Sharecast News) - Argentina's new hard-right government has devalued its currency by more than half in its first package of economic measures that include slashing public spending. The plans, unveiled by economy minister Luis Caputo in a televised address, also...
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OPEC+ agrees to cut output by a further 1m barrels a day
(Sharecast News) - OPEC+ members have reportedly agreed to cut oil production by a further one million barrels a day. In an online meeting, the cartel of oil producing nations- led by Saudi Arabic - said the production cuts would begin early next year. According to...
Gold and oil prices jump on geopolitical unrest
(Sharecast News) - Commodity prices continued to rise on Friday, as tensions escalated across the Middle East. Gold, traditionally seen as a safe haven asset, pushed past $1,980 an ounce, with Comex gold futures adding nearly 1% at $1,980.60, the highest since May....
Gas prices spike as Australian workers begin strike
(Sharecast News) - European gas prices jumped on Friday, after strikes got underway at two liquified natural gas facilities in Australia. The industrial action, at the US major Chevron's Gorgon and Wheatstone plants in Western Australia, will initially see union...
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IEA trims global oil demand forecasts
(Sharecast News) - The International Energy Agency trimmed its forecasts for global oil demand on Thursday, on the back of "persistent"...
Inflation – is the end in sight?
For investment professionals only Author: Ben Lord, M&G Investments As we look ahead to the second half of 2023 we maintain a positive...
Surprise jump in UK inflation to 10.4% in February puts pressure on MPC ahead of rate decision – investment experts react
ONS announced today that UK CPI inflation rises again in February to 10.4% as food prices stay painful. Likely to mean the Bank of England...
ECB rate hike unsettles markets again as worries surge about US regional banks
Commenting on this afternoon's latest market news and movements, Susannah Streeter head of money and markets, Hargreaves Lansdown...
ECB puts faith in banking sector after latest rate rise despite Credit Suisse ‘teetering on the edge’ says Quilter Cheviot’s Carter
Following today's news that ECB has decided to raise interest rates by half a percentage point, Richard Carter, head of fixed interest...
Spring Budget 2023 – investment and economics experts react to today’s budget announcements
As wealth managers digest the content of Chancellor Jeremy Hunt's first ever Spring Budget earlier today, investment experts have been...
Spring Budget 2023 – details of Hunt’s Budget Statement revealed
After much of the detail appears to have already been leaked, today's Budget Statement from Chancellor Jeremy Hunt has important...
HM Treasury says Edinburgh Reforms ‘hail next chapter for UK Financial Services’
Chancellor of the Exchequer Jeremy Hunt today unveiled the “Edinburgh Reforms” of UK financial services – over 30 regulatory reforms which...
Oil prices fall sharply on Chinese unrest
Oil prices fell on Monday, as rare social unrest in China weighed heavily on both equities and commodities. As at 1230 GMT, benchmark...
Opec cuts could push world into recession, IEA warns
A decision by Opec to cut oil supplies could tip the global economy into recession, the International Energy Agency warned on Thursday....
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