Market Analysis

US Climate Official Tells COP29 Oil Boom Aids Energy Transition
  • November 13, 2024

US Climate Official Tells COP29 Oil Boom Aids Energy Transition

(Bloomberg) -- The surge of US oil and gas output under the Biden administration is an enabler of the energy transition, not a black mark on the country’s climate progress, a top White House adviser said Wednesday.Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesThe Leaf Blowers Will Not Go QuietlyNo Water by Year-End for This Zimbabwean City of 700,000 PeopleArizona Elections Signal Robust Immigration Enforcement Under TrumpScoring an Architectural Breakthrough i

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US inflation may have picked up in October after months of easing
  • November 13, 2024

US inflation may have picked up in October after months of easing

Annual inflation may have risen in October for the first time in seven months, a sign that price increases might be leveling off after steadily cooling for more than two years. Measured month to month, prices are believed to have ticked up 0.2% from September to October, the same as in the previous month. Excluding volatile food and energy costs, so-called core prices are forecast to have risen 3.3% from a year earlier, unchanged from the previous month.

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Sri Lankan president seeks party win in parliamentary election to help him push his economic reforms
  • November 13, 2024

Sri Lankan president seeks party win in parliamentary election to help him push his economic reforms

Sri Lankan President Anura Kumara Dissanayake is looking to consolidate his party's power in Thursday's parliamentary election to help him implement his election pledges to solve the country's economic woes and foster good governance. The Marxist-leaning Dissanayake won the presidential election on Sept. 21 in a victory that marked a rejection of the traditional political parties that have governed the island nation since its independence from British rule in 1948.

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Oil Steadies Near November Lows With Outlook for Demand in Focus
  • November 13, 2024

Oil Steadies Near November Lows With Outlook for Demand in Focus

(Bloomberg) -- Oil steadied near its lowest level this month, with the outlook for demand in focus after OPEC cut projections on China’s slowdown.Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesThe Leaf Blowers Will Not Go QuietlyArizona Elections Signal Robust Immigration Enforcement Under TrumpScoring an Architectural Breakthrough in Denver’s RiNo DistrictBrent crude traded near $72 a barrel after ending little changed on Tuesday, with West Texas Intermediate a

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Argentina's monthly inflation drops to 2.7%, the lowest level in 3 years
  • November 13, 2024

Argentina's monthly inflation drops to 2.7%, the lowest level in 3 years

Argentina's inflation slowed to 2.7% in October, the lowest level in three years in a win for the libertarian government of President Javier Milei who came to power almost a year ago promising to pull Argentina out of a dire economic crisis. Argentina's statistics agency on Tuesday reported October's number. In September, inflation was 3.5%.

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