European markets set to soar at the open despite global concern over omicron variant

LONDON — European stocks are expected to start the new trading week far higher, despite extensive concerns over the newly discovered omicron Covid variant. The U.K.’s FTSE index is seen opening 97 points higher at 7,137, Germany’s DAX 191 points higher at 15,437, France’s CAC 40 up 99 points at 6,824 and Italy’s FTSE MIB up … Read more

Asia-Pacific stocks slip as investors watch omicron Covid variant; oil prices rebound more than 4%

SINGAPORE — Shares in Asia-Pacific largely fell in Monday trade as investors continue to monitor developments surrounding the recently discovered omicron Covid variant. Hong Kong’s Hang Seng index slipped about 0.3%. Hong Kong-listed shares of Chinese tech giant Meituan lost more than 7% after the firm on Friday posted a loss of about 10 billion … Read more

IEA chief criticizes artificial tightness in energy markets, says some failed to help cool prices

Petroleum pump jacks are pictured in the Kern River oil field in Bakersfield, California. Jonathan Alcorn | Reuters The head of the world’s leading energy authority has said that some countries had failed to adopt a helpful position to calm soaring oil and gas prices, criticizing “artificial tightness” in energy markets. “[A] factor I would … Read more

Asia-Pacific stocks mixed; Bank of Korea announces rate hike

SINGAPORE — Shares in Asia-Pacific were mixed in Thursday trade as investors reacted to the Bank of Korea’s rate decision. South Korea’s Kospi led losses regionally, dipping 0.54%. The Bank of Korea raised its policy rate by 25 basis points to 1%, a move that was largely expected by analysts in a Reuters poll. Following … Read more

Trump’s former energy secretary claims Biden’s policies could lead to ‘disaster’

Donald Trump’s former energy secretary on Sunday attacked the Biden administration’s energy policies, linking them to inflation and claiming that restrictions on the U.S. oil industry and rising costs at home could lead to “disaster.” Energy prices have leaped globally in the last three months. Natural gas has soared almost 600% this year, and international … Read more

The U.S. energy secretary has a message for OPEC: Boost oil supply so people don’t get hurt this winter

U.S. Secretary of Energy Jennifer Granholm speaks during a press briefing at the White House in Washington, April 8, 2021. Kevin Lamarque | Reuters LONDON — U.S. Energy Secretary Jennifer Granholm has called on oil-producing nations to immediately increase crude supplies to mitigate the surging cost of living. On Thursday, oil cartel OPEC and its allies … Read more

Shares of China properties listed in Hong Kong fall, as Kaisa and its units are suspended

SINGAPORE — Stocks in Asia-Pacific were mixed in Friday trade as shares in Hong Kong led losses among the region’s major markets. Hong Kong’s Hang Seng index dropped 1.6% in early trade. Mainland Chinese stocks also retreated, with the Shanghai composite down 0.37% while the Shenzhen component shed 0.14%. Shares of Chinese property developers in … Read more