ECON

Analysis: Forget showering, it’s eat or heat for shocked Europeans hit by energy crisis

Energy’s share of household spending hits record highs in Europe Rising bills force households to cut energy use Crisis in Europe looks worse than in other developed LONDON, Aug 26 (Reuters) – No more ironing, limited oven use and showering at work – Europeans are trying to keep their energy use down but the bills …

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Oil pares losses after Saudi oilmin says OPEC+ has options including cuts

Oil pump jacks are seen at the Vaca Muerta shale oil and gas deposit in the Patagonian province of Neuquen, Argentina, January 21, 2019. REUTERS/Agustin Marcarian Register now for FREE unlimited access to Reuters.com Register OPEC+ has options to meet challenges, including cuts -Saudi oilmin US Fed to raise rates by 50 bps in Sept …

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Stronger dollar set for weekly loss as traders adjust rate hike bets

Dollar index up, yen down vs dollar Fed speakers maintain case for tighter monetary policy UK GDP shrinks less than expected NEW YORK, Aug 12 (Reuters) – The dollar rallied on Friday but was set for a weekly drop as traders weighed improving US inflation data against comments from Federal Reserve officials who cautioned the …

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