EUR/USD gains nearly 50 pips on Wednesday, up around half of a percent. Early losses came from a fresh inflation shock after January’s US CPI print came in hot. Fed Chair Powell’s testimony continues in its second day. EUR/USD clawed back chart paper on Wednesday, rebounding from early losses to reclaim the 1.0400 handle as
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, Spencer Platt/Getty Images News Major equity averages turned mixed Wednesday, while yields jumped, as Wall Street assessed a hotter-than-anticipated monthly U.S. consumer inflation report. The Nasdaq Composite ( COMP:IND ) was up less than 0.1% after losing much as 1.2% earlier in the session. Advancers included Recommended For You
Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. More Info Premium Content By Tsvetana Paraskova – Feb 12, 2025, 11:00 AM CST Retirement of coal-fired power plants in the West has done nothing to reverse global coal demand. Global coal
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South Sudan’s deputy president is threatening to immediately withdraw from a fragile peace agreement with the president over a government reshuffle that saw the removal of multiple senior officials this week By DENG MACHOL Associated Press February 12, 2025, 8:49 AM JUBA, South Sudan — South Sudan’s deputy president is threatening to immediately withdraw from
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The far-right Freedom Party (FPÖ) had been tasked with leading negotiations to form a government in Vienna after previous negotiations fell apart. Austrian far-right leader Herbert Kickl said Wednesday that his talks on forming a coalition government with the conservative People’s Party (ÖVP) had collapsed. Kickl was given a mandate to form a new government
BREAKING NEWS By REUTERS FEBRUARY 12, 2025 14:45 Updated: FEBRUARY 12, 2025 14:53 A Hamas delegation arrived in Cairo on Wednesday to continue Gaza ceasefire talks, with the second phase supposed to get underway, a statement by Hamas said. Hamas said earlier this week it would stop the release of hostages scheduled for Saturday until
BRUSSELS (AP) — U.S. Defense Secretary Pete Hegseth said Wednesday that NATO membership for Ukraine was unrealistic and in sweeping remarks suggested Kyiv should abandon hopes of winning all its territory back from Russia and instead prepare for a negotiated peace settlement to be backed up by international troops. Hours later, President Donald Trump said