News

Chile’s Economic Activity Capped 2024 on Stronger Footing

(Bloomberg) -- Chile’s economic activity increased for the third straight month in December as factors including lower interest rates and strong copper production help to steady growth following a stretch of volatility. Most Read from BloombergNew York’s First ‘Passive House’ School Is a Model of Downtown DensityWhen French Communists Went on a Brutalist Building BoomTrump Paves the Way to Deputize Local Police on ImmigrationHow the 2025 Catholic Jubilee Is Reshaping RomeHistoric London Elevator

US Oil Outpaces Global Price Gains as Tariffs Menace Supply

(Bloomberg) -- The US crude benchmark outpaced gains in other oil markets after President Donald Trump announced tariffs that threaten flows from two of America’s biggest foreign suppliers.Most Read from BloombergNew York’s First ‘Passive House’ School Is a Model of Downtown DensityWhen French Communists Went on a Brutalist Building BoomTrump Paves the Way to Deputize Local Police on ImmigrationHow the 2025 Catholic Jubilee Is Reshaping RomeHistoric London Elevator Faces Last Stop in Labour’s Ho

US Oil Refiners Look to Latin America, Iraq After Trump Tariffs

(Bloomberg) -- US oil refiners will look to Latin America and the Middle East to replace suddenly more expensive Canadian and Mexican crudes following President Donald Trump’s tariff salvo, according to traders.Most Read from BloombergNew York’s First ‘Passive House’ School Is a Model of Downtown DensityWhen French Communists Went on a Brutalist Building BoomTrump Paves the Way to Deputize Local Police on ImmigrationHow the 2025 Catholic Jubilee Is Reshaping RomeHistoric London Elevator Faces La

Trump's tariffs to have limited impact on oil, gas prices, Goldman Sachs says

"Potential tariff-driven decline in U.S. natural gas imports from Canada is too small to significantly raise U.S. natural gas prices," the bank said. Oil and gas prices jumped on Monday after Trump imposed tariffs over the weekend. The tariffs, which will take effect on Feb. 4, include a 25% levy on most goods from Mexico and Canada, with a 10% tariff on energy imports from Canada, and a 10% tariff on Chinese imports.

Australia shoppers lured by discounts, shore up economy in 4Q

Australian retail sales dipped in December as pay back for a Black Friday splurge the month before, but discounting helped shoppers make a desperately-needed contribution to economic growth over the whole fourth quarter. Data from the Australian Bureau of Statistics (ABS) on Monday showed retail sales fell 0.1% in December from November, when they had risen by 0.7%. The outcome was firmer than analyst forecasts for a 0.7% drop, helped by Cyber Monday promotions falling in December this year and discounting spread across the month.

Trump Says Fed Made the Right Call Last Week to Pause Rate Cuts

(Bloomberg) -- US President Donald Trump said the Federal Reserve was right to pause its rate-cutting path in its decision last week, a break from his penchant for calling for lower rates.Most Read from BloombergNew York’s First ‘Passive House’ School Is a Model of Downtown DensityWhen French Communists Went on a Brutalist Building BoomTrump Paves the Way to Deputize Local Police on ImmigrationHow the 2025 Catholic Jubilee Is Reshaping RomeHistoric London Elevator Faces Last Stop in Labour’s Hou