Oil falls on growth concerns, Shanghai lockdown

HOUSTON (Reuters) -Oil slipped on Friday, burdened by the prospect of weaker global growth, higher interest rates and COVID lockdowns in China hurting demand even as the European Union considers a ban on Russian oil that would further tighten supply.

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22-04-2022

U.S. dollar rallies to more than 2-year hike on steep Fed rate hike outlook

The dollar surged to a more than two-year high on Friday, continuing to draw support from Federal Reserve Chair Jerome Powell's comments on Thursday that more or less backed a half a percentage point tightening at next month's policy meeting, including consecutive rate increases this year.

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22-04-2022

Exclusive-Germany cuts 2022 economic growth forecast to 2.2% - source

BERLIN (Reuters) -The German government will cut its growth forecast for Europe's biggest economy for 2022 to 2.2% from 3.6% amid the war in Ukraine, a government source told Reuters on Friday.

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22-04-2022

Exclusive - Germany cuts 2022 economic growth forecast to 2.2% - source

The German government will cut its growth forecast for Europe's biggest economy for 2022 to 2.2% from 3.6% amid the war in Ukraine, a government source told Reuters on Friday.

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22-04-2022

Indonesia to ban palm oil exports to curb domestic prices

Indonesia will effectively ban palm oil exports from April 28, until further notice, after President Joko Widodo on Friday announced a halting of shipments of cooking oil and its raw material to control soaring domestic prices.

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22-04-2022

Firebrand U.S. Republican Marjorie Taylor Greene faces 'insurrectionist' legal challenge

WASHINGTON (Reuters) -Republican U.S. Representative Marjorie Taylor Greene entered a Georgia courtroom on Friday to face a challenge by a group of voters trying to block her from the ballot, citing a post-Civil War policy aimed at keeping insurrectionists from office.

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22-04-2022

Indonesia to ban palm oil exports to shore-up supply, soyoil futures surge

Indonesia will effectively ban palm oil exports from April 28, until further notice, after President Joko Widodo announced on Friday a halting of shipments of cooking oil and its raw material to control soaring domestic prices.

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22-04-2022

Indonesia lawmakers back $522 million capital top-up for airline Garuda

Indonesian lawmakers on Friday approved the government's plan to top up Garuda Indonesia's capital by 7.5 trillion rupiah ($522.43 million) this year, once the carrier reaches a debt settlement with creditors, a government official said.

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22-04-2022

Explainer - Germany's new gas storage law - how will it work?

A bill to guarantee minimum gas storage levels in Germany, whose underground facilities account for a quarter of the EU bloc's total capacity, will kick in from May 1 after parliamentary approval.

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22-04-2022