Europe needs to impose a price cap on Russian pipeline gas, EU Commission chief Ursula von der Leyen said on Friday, to foil what she said were Russian President Vladimir Putin's attempts to manipulate the bloc's energy market.
U.S. equity funds witnessed a surge in capital outflows in the week to Aug 31 on concerns that the Federal Reserve's tough stance to break persistently high inflation would drag the economy into recession.
Indonesia's state-owned oil giant Pertamina, Asia's biggest gasoline importer, has deferred some of its gasoline deliveries for September ahead of planned government cuts to fuel subsidies which are likely to hit demand, traders said.
India will try out a strategy of parallel testing to speed up safety approvals for new electronic devices, an industry group told Reuters on Friday, a move that could boost device launch plans by the likes of Samsung and Apple .
Canada's soaring house prices will decline sharply next year, but still not enough to make them affordable as the Bank of Canada is set to continue raising interest rates and keep them higher for longer, Reuters polls showed.
The Biden administration is expected to announce a rule this year that would detail annual biofuel blending mandates for the refining industry for a three-year period instead of just for one, three sources familiar with the discussions said.
Global equity funds recorded heavy disposals in the week ended Aug. 31, on concerns that major central banks would continue to hike rates, with inflation levels showing no signs of abatement.
The pace and scale of interest rate hikes delivered by central banks across developed and emerging markets slowed in August as policy makers reassessed the trajectory for inflation and energy prices.
Jefferies analysts nearly doubled their price target on Bed Bath & Beyond this week, taking the opposite view from other brokerages on the same day the struggling retailer disclosed it had tapped Jefferies investment bankers for a stock sale.
