Oil prices have had a quiet November, holding steady around $90 per barrel. There’s a good chance the calm won’t last. A new set of sanctions from Europe will ratchet up the pressure against Russia and could upend oil markets around the world. Citi, which has had one of the lowest price targets for oil … Read more
Breadcrumb Trail Links PMN Business Author of the article: Reuters Ellen Zhang and Ryan Woo Article content BEIJING — China’s exports and imports unexpectedly contracted in October, the first simultaneous slump since May 2020, as a perfect storm of COVID curbs at home and global recession risks dented demand and further darkened the outlook for … Read more
Life has not been easy for reinsurers in the past few years. Claims for natural catastrophes and pandemic-related losses have wiped out a large part of their profits. But the latest set of global problems — war in Ukraine, galloping inflation and the ever-increasing risks of climate change — have jolted them into action. In … Read more