Treasuries Soar as Traders Pull Forward Fed Cuts After Jobs Miss
Treasuries surged and traders ramped up bets on how soon the Federal Reserve will begin to cut interest rates this year after a US labor-market report trailed estimates.
Treasuries surged and traders ramped up bets on how soon the Federal Reserve will begin to cut interest rates this year after a US labor-market report trailed estimates.
Tankers that transfer Russian oil off the southern coast of Greece sailed further out into the Mediterranean after naval drills were announced in the area where the transfers normally take place.
A group including commodity trader Glencore Plc and Indonesian chemicals business PT Chandra Asri Pacific is in advanced talks to buy Shell Plc assets in Singapore in a deal that could be worth about $1 billion, people with knowledge of the matter said.
The Houthi group based in Yemen threatened to start trying to attack ships in the eastern Mediterranean as they step up their campaign of maritime assaults.
Green Plains Inc., one of the biggest US producers of corn-based biofuel, said lower prices and idled plants hurt quarterly margins as the ethanol maker reported a quarterly loss that was far steeper than analysts expected.
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