Australia central banker says oil shock yet to slow economy
SYDNEY, July 8 (Reuters) – The recent oil shock has led to falls in Australia’s consumer and business…
US Fed begins Warsh era with hold on interest rates, may hike later this year
The US Federal Reserve held interest rates steady on Wednesday, but policymakers expect a hike in borrowing costs…
American Airlines suspends some routes due to jet fuel costs
American Airlines is temporarily suspending some of its routes this summer, as steep jet fuel costs continue to…
Oil Traders Rush to Hedge Iran Risk After Wild Start to Year
Photographer: Jorge Guerrero/AFP/Getty Images (Bloomberg) — The oil market is in the middle of its strongest start to…