Bets that Asian central banks will keep ramping up interest rates are overdone as inflation is likely to peak this quarter, according to Morgan Stanley.
China’s steel mills are sounding the alarm over crisis conditions in the industry as margins plunge due to weak demand.
The US and its allies have discussed trying to cap the price on Russian oil as a way to curb the Kremlin’s revenue, as German Chancellor Olaf Scholz accused Vladimir Putin of using energy as a political weapon.
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Natural gas in Europe headed for the longest stretch of daily gains in more than nine months as persistent fears of deeper supply cuts by Moscow spread through the market.
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