Oil Declines for Third Day on Demand Concerns and Rampant Dollar
  • November 12, 2024

Oil Declines for Third Day on Demand Concerns and Rampant Dollar

(Bloomberg) -- Oil fell for a third day on a soft demand outlook in China, a stronger US dollar, and concerns the market may flip to oversupply.Most Read from BloombergThe Leaf Blowers Will Not Go QuietlyArizona Elections Signal Robust Immigration Enforcement Under TrumpScoring an Architectural Breakthrough in Denver’s RiNo DistrictKey Ballot Initiatives and Local Races Highlight Views on Abortion, ImmigrationBrent dropped below $72 after shedding 5% over two sessions, with West Texas Intermedia

Mexico economy chief suggests possible tariff retaliation against US
  • November 12, 2024

Mexico economy chief suggests possible tariff retaliation against US

Mexico's Economy Minister Marcelo Ebrard suggested on Monday that the Mexican government could retaliate with its own tariffs on U.S. imports if the incoming Trump administration slaps tariffs on Mexican exports. Ebrard made the comments in an interview with local broadcaster Radio Formula, in which he reflected on how President-elect Donald Trump threatened 25% tariffs on Mexican goods during his previous term in office at a time when the Republican leader sought concessions from Mexico's government on immigration enforcement.

Australia’s Consumer, Business Sentiment Lift as Inflation Ebbs
  • November 12, 2024

Australia’s Consumer, Business Sentiment Lift as Inflation Ebbs

(Bloomberg) -- Australia’s consumer sentiment rose in November while business confidence jumped to the highest level since early 2023, reflecting ebbing inflation pressures that suggest the next move in interest rates will be a reduction.Most Read from BloombergThe Leaf Blowers Will Not Go QuietlyArizona Elections Signal Robust Immigration Enforcement Under TrumpScoring an Architectural Breakthrough in Denver’s RiNo DistrictKey Ballot Initiatives and Local Races Highlight Views on Abortion, Immi