European stocks set for biggest quarterly drop since 2020

A DAX logo is pictured at the trading floor of the stock exchange in Frankfurt, Germany December 29, 2017. REUTERS/Ralph Orlowski Register now for FREE unlimited access to Reuters.com Register LONDON, March 31 (Reuters) – European stocks edged lower on Thursday and were set for their biggest quarterly drop since the start of 2020, while … Read more

Cucumber crisis: surging energy prices leave British glasshouses empty

Cost of growing a cucumber to jump from 25p to 70p High energy costs mean crops not planted Pressures likely to push food prices higher ROYDON, England, March 31 (Reuters) – In a small corner of south-east England, vast glasshouses stand empty, the soaring cost of energy preventing their owner from using heat to grow … Read more

Oil prices dive as US considers record reserves release

US considers release of 180 mln barrels of oil -sources OPEC+ expected to stick to existing oil output deal SINGAPORE, March 31 (Reuters) – Oil prices plunged on Thursday on news that the United States was considering the release of up to 180 million barrels from its strategic petroleum reserve, the largest in the near … Read more

Barclays hit by $590 million loss on product sales blunder

The logo of Barclays bank is seen on glass lamps outside of a branch of the bank in the City of London financial district in London September 4, 2017. REUTERS/Toby Melville Register now for FREE unlimited access to Reuters.com Register LONDON, March 28 (Reuters) – British bank Barclays (BARC.L) disclosed on Monday an estimated 450 … Read more

Oil slumps as Shanghai lockdown exacerbates fear of weaker demand

A worker holds a nozzle to pump petrol into a vehicle at a fuel station in Mumbai, India, May 21, 2018. REUTERS/Francis Mascarenhas Register now for FREE unlimited access to Reuters.com Register Shanghai launches two-stage lockdown as COVID-19 cases surge OPEC+ to meet on Thursday More emergency releases of reserves expected TOKYO, March 28 (Reuters) … Read more

Yen tumbles as BOJ interventions to keep bond yields pinned down

HONG KONG/TOKYO, March 28 (Reuters) – The Japanese yen slipped to a six-year low on Monday, after the Bank of Japan stepped into the market to stop government bond yields from rising above its key target, while bitcoin jumped to nearly its highest this year. The BOJ, on Monday morning offered to buy unlimited amounts … Read more