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Oil settles lower after hitting $90 a barrel as OPEC+ considers production cuts

OPEC+ starts talks on production cuts at Oct 5th meeting – OPEC source Russia proposes that OPEC + cut production by one million barrels per day – source US markets are dragged down by the Fed’s aggressive moves to tame inflation US production resumes after being halted due to Hurricane Ian NEW YORK (Reuters) – …

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Bank of England seeks to stem bond market turmoil after tax cut storm

Bank of England begins buying bonds, delays sales of gold bonds The IMF ‘does not recommend’ policies like the UK’s growth plan Moody’s: The economic plan is ‘negative growth’ Sterling traded down 0.7% to $1,065 Kwarteng meets bank heads again LONDON (Reuters) – The Bank of England sought to quell a firestorm in British bond …

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Exclusive: India’s push for home-made navigation has shaken smartphone giants

India wants a homegrown GPS competitor in smartphones; Industry concerns costs Smartphone players want to postpone the deadline in New Delhi to January 2023 Others say the Indian system needs resources to change hardware Strengthening local order is part of Modi’s campaign for self-reliance NEW DELHI (Reuters) – India is pushing tech giants to make …

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The dollar rose to a two-decade high as Putin shook the FX market ahead of the Fed

Register now to get free unlimited access to Reuters.com Register The dollar index is at its highest level in two decades The euro fell to its lowest level in two decades Putin announces partial mobilization of troops for Ukraine Markets Gauge Fed Tightness at Powell’s Briefing LONDON/NEW YORK (Reuters) – The dollar surged on Wednesday …

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