Articles by Rebecca Torres
Loonie Slips 0.2% as Traders Await Bank of Canada's Rate Verdict
The Canadian dollar fell 0.2% against the U.S. dollar ahead of the Bank of Canada's rate announcement, with markets widely expecting the overnight rate to remain at 2.25%.
Venezuela's $100B Oil Gamble: 65B Barrels at a Premium
A U.S.-Venezuela oil pact targets 65 billion barrels with $100B investment, but breakeven at $80 Brent and political risks temper near-term gains.
RBNZ Rate Hike Falls Short of Hawkish Hopes, NZD Slides 1.1%
The RBNZ lifted the OCR to 2.75% as expected, but a dovish statement sent the New Zealand dollar down 1.1% to US$0.5830. Markets now focus on the October 28 policy decision.
Petrobras ADRs Jump 5% as Oil Prices Surge on Middle East Tensions
Petrobras ADRs advanced 5.06% to $20.33 as Brent crude settled at $94.65, strengthening the company's cash-flow position amid record production and rising geopolitical tensions.
Oil prices jump nearly 4% as US-Iran tensions escalate in the Gulf
Oil futures jumped nearly 4% on Monday as renewed US-Iran clashes heightened supply concerns in the Strait of Hormuz. WTI and Brent rallied, with the market's backwardation structure indicating acute delivery risks.
Coeur Mining Shares Slide 4.9% as Precious Metals Retreat
Coeur Mining dropped 4.9% Friday as gold and silver futures fell, erasing $1.1 billion in market value despite record production and cash flow.
