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☆ Israeli Forces Kill Palestinian Fighter in Northern West Bank Raid
▼ + stars: | 2023-09-22 | by ( Sept. | At A.M. | ) www.usnews.com time to read: +2 min

RAMALLAH, West Bank (Reuters) - Israeli forces shot dead a Palestinian militant during a raid in the occupied West Bank on Friday, the seventh person killed this week as President Mahmoud Abbas sought to revive statehood talks amid efforts to further integrate Israel into the Middle East. In a statement, they said he was shot while confronting Israeli soldiers who raided the village of Kafr Dan near the northern West Bank city of Jenin. The Israeli military said soldiers opened fire at suspects who shot at and hurled an explosive device at its forces during a weapons search operation in Kafr Dan. Violence in the West Bank violence has surged for over a year, with stepped up Israeli military raids, increased settler assaults on Palestinian villages and a spate of Palestinian attacks targeting Israelis. Israel occupied the West Bank, which Palestinians want as the core of an independent state, in a 1967 Middle East war.

Persons: Mahmoud Abbas, Kafr Dan, Benjamin Netanyahu's, Joe Biden, Netanyahu, Abbas, Ali Sawafta, Henriette Chacar, James Mackenzie, Christina Fincher Organizations: West Bank, Reuters, Islamic, Defense, Children International, U.S, United Nations General Assembly, UN Locations: RAMALLAH, West, Palestinian, Israel, Kafr, West Bank, Jenin, Kafr Dan, Palestine, New York, Saudi Arabia

☆ Saudi crown prince says he does not care about 'sportswashing' claims
▼ + stars: | 2023-09-22 | by ( ) www.reuters.com time to read: +2 min

U.S. Secretary of State Antony Blinken (not pictured) meets with Saudi Crown Prince Mohammed bin Salman, in Jeddah, Saudi Arabia, June 7, 2023. "If sportswashing (is) going to increase my GDP by 1%, then we'll continue doing sportswashing," the crown prince told Fox News. Saudi Arabia denies accusations of human rights abuses and says it protects its national security through its laws. When asked specifically about the term "sportswashing", the crown prince said: "I don't care. Saudi Arabia has been hosting a Formula One Grand Prix since 2021 and has also held boxing world title fights.

Persons: Antony Blinken, Saudi Crown Prince Mohammed bin Salman, Saudi Arabian Crown Prince Mohammed bin Salman, we'll, PIF, LIV, Hritika Sharma, Michael Perry Organizations: Saudi Crown, Saudi Royal Court, REUTERS, Saudi Arabian Crown, Fox News, Public Wealth Fund, Premier League, Newcastle United, PGA, Saudi Pro League, Thomson Locations: Jeddah, Saudi Arabia, Bandar, Saudi, Hyderabad

Yet Amin said that while an agreement ridding the world of fossil fuels doesn't look likely, a “phase-down of fossil fuels is inevitable." In 10 years when critics and others look back at the talks, Amin wants to hear amazement. They say a phase-out of fossil fuels is the only way to curb warming to a manageable level. He pointed to the desire by some African countries to use fossil fuels to develop. Amin said upcoming climate talks aim to be the most inclusive ever, but that also includes the at-times vilified fossil fuel industry.

Persons: Adnan Amin, Amin, Sultan al, Jaber, Greta Thunberg, ” Amin, Antonio Guterres, it’s, Mohamed Adow, Adow, Niklas Hohne, Bill Hare, ” Hare, Nigel Purvis, “, Seth Borenstein Organizations: of Parties, United, Associated Press, petrostate United, petrostate United Arab Emirates, New Climate Institute, Analytics, U.S . State Department, AP Locations: Dubai, United Nations, petrostate United Arab, Kenya, UAE, Africa, Russia, China, Saudi Arabia

☆ Dollar reigns as Europe's central banks spring some surprises
▼ + stars: | 2023-09-21 | by ( Marc Jones | ) www.reuters.com time to read: +5 min

"It punctures the balloon on terminal rates and also creates more second guessing on the quality of the (economic) landings". With a crucial Bank of Japan meeting still to come this week, Japan's 10-year government bond yield rose to its highest in a decade. Ben Luk, senior multi-asset strategist at State Street Global Markets said the overall tone of the Fed's meeting on Wednesday, while not overly hawkish, included two surprises. The median forecast for the federal funds rate is 5.1% by year-end, up from 4.6% estimated in June. Additional reporting by Xie Yu in Hong Kong Editing by Shri Navaratnam and Tomasz JanowskiOur Standards: The Thomson Reuters Trust Principles.

Persons: BoE, Bond, John Hardy, Hardy, Goldman Sachs, Tom Hopkins, Ben Luk, Wall, Brent, clawing, Gold, Xie Yu, Shri Navaratnam, Tomasz Janowski Organizations: Sterling, Swiss, U.S . Federal Reserve, Dealers, Swiss National Bank, Bank of England, Saxo Bank, BRI Wealth Management, Treasury, Reuters Graphics, Apple, Nvidia, Japan's Nikkei, of Japan, State Street Global Markets, Thomson Locations: Europe, Britain, Sweden, Norway, Turkey, U.S, Asia, Pacific, Japan, Saudi Arabia, Russia, Hong Kong

☆ Saudi Uranium Enrichment Floated Under Possible Israel Deal
▼ + stars: | 2023-09-21 | by ( Dion Nissenbaum | Dov Lieber | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/world/middle-east/israel-considers-saudi-arabias-nuclear-program-under-potential-normalization-deal-617ae9bd

Persons: Dow Jones Organizations: saudi Locations: israel

☆ Oil falls as US rate hike expectations offset tight supply outlook
▼ + stars: | 2023-09-21 | by ( Trixie Sher Li Yap | ) www.reuters.com time to read: +3 min

An aerial view shows oil tanks of Transneft oil pipeline operator at the crude oil terminal Kozmino on the shore of Nakhodka Bay near the port city of Nakhodka, Russia June 13, 2022. REUTERS/Tatiana Meel/File Photo Acquire Licensing RightsSept 21 (Reuters) - Oil prices fell in early Asian trade on Thursday, after posting the largest fall in a month in the previous session, as U.S. interest rate hike expectations offset the impact of drawdowns in U.S. crude stockpiles. U.S. West Texas Intermediate crude (WTI) fell 70 cents, or 0.78%, to $88.96, the lowest since Sept. 14. The hawkish stance also led to the U.S. dollar surging to its highest since early March, placing downside pressure on oil prices. "This tightness, along with strong refinery margins (largely a result of tightness in middle distillates) suggests that oil prices are likely to see further strength in the short term," he said.

Persons: Tatiana Meel, Brent, refiners, Warren Patterson, Laura Sanicola, Trixie Yap, Sonali Paul Organizations: . West Texas, ING, U.S . Federal Reserve, Open Market, U.S, Energy, U.S . Energy Information Administration, American Petroleum Institute, ANZ, Cushing, Organization of, Petroleum, Thomson Locations: Nakhodka, Russia, Saudi Arabia

[1/2] Logos of Swiss banks Credit Suisse and UBS are seen before a news conference in Zurich Switzerland, August 30, 2023. Credit Suisse, which was Switzerland's second-biggest bank, suffered years of scandals and losses before it had to be rescued in March in a state-engineered takeover by UBS. Credit Suisse declined to comment. Spokespeople for central banks in South Korea, India, Ireland, and Saudi Arabia also did not immediately respond to Reuters requests for comment. Last month, a Moscow court banned UBS and Credit Suisse from disposing of shares in their Russian subsidiaries, Reuters reported, citing court documents.

Persons: Denis Balibouse, Laws, Engen Tham, Selena Li, Jihoon Lee, Alexander Marrow, Sumeet Chatterjee, Stephen Coates, Alexander Smith Organizations: Credit Suisse, UBS, REUTERS, Rights, Reuters, Suisse, Western, Thomson Locations: Zurich Switzerland, Rights SHANGHAI, HONG KONG, South Korea, India, Swiss, Ireland, Saudi Arabia, Russia, Moscow, Ukraine, Bahrain, Dubai, Abu Dhabi, Japan, Thailand, Turkey, Shanghai, Hong Kong, London

☆ Oil falls as rate hike expectations offset US stock draw
▼ + stars: | 2023-09-21 | by ( Trixie Sher Li Yap | ) www.reuters.com time to read: +3 min

An aerial view shows oil tanks of Transneft oil pipeline operator at the crude oil terminal Kozmino on the shore of Nakhodka Bay near the port city of Nakhodka, Russia June 13, 2022. REUTERS/Tatiana Meel/File Photo Acquire Licensing RightsSept 21 (Reuters) - Oil prices fell in early Asian trade on Thursday, after posting the largest fall in a month in the previous session, as U.S. interest rate hike expectations offset the impact of drawdowns in U.S. crude stockpiles. U.S. West Texas Intermediate crude (WTI) fell 71 cents, or 0.79%, to $88.95, the lowest since Sept. 14. The hawkish stance also led to the U.S. dollar surging to its highest since early March, placing downside pressure on oil prices. "This tightness, along with strong refinery margins (largely a result of tightness in middle distillates) suggests that oil prices are likely to see further strength in the short term," he said.

Persons: Tatiana Meel, Brent, refiners, Warren Patterson, Laura Sanicola, Sonali Paul Organizations: . West Texas, ING, U.S . Federal Reserve, Open Market, U.S, Energy, U.S . Energy Information Administration, American Petroleum Institute, ANZ, Cushing, Organization of, Petroleum, Thomson Locations: Nakhodka, Russia, Saudi Arabia

☆ Saudi crown prince says normalization with Israel gets 'closer' every day
▼ + stars: | 2023-09-21 | by ( Nadeen Ebrahim | ) edition.cnn.com time to read: +6 min

Abu Dhabi, UAE CNN —Saudi Arabia’s Crown Prince Mohammed bin Salman (MBS) said that his country was moving “closer” each day toward reaching a normalization deal with Israel, the first time he has publicly acknowledged the process. We’re gonna see how it goes.”The Biden administration has for several months been in talks with Saudi Arabia on the matter, according to US officials. Saudi Arabia has been strengthening its ties with China as Washington’s rivalry with the Asian nation heats up. “We are the biggest buyer of American armored manufacturing,” he said, adding that Saudi Arabia is “critical” to US arms exports. Saudi Arabia is in the process of changing laws to make them “more realistic” for Saudis, he said.

Persons: UAE CNN — Saudi Arabia’s Crown Prince Mohammed bin Salman, ”, Biden, don’t, Benjamin Netanyahu, Netanyahu, Joe Biden, Fox News ’ Brett Baier, ” BRICS, BRICS, Jamal Khashoggi, Khashoggi Organizations: UAE CNN — Saudi Arabia’s Crown, Fox News, Saudi, MBS, ”, West Bank, Wednesday, CNN, Fox, White, America, CIA Locations: Abu Dhabi, UAE, Israel, Saudi, Saudi Arabia, Riyadh, ”, Iran, Tehran, China, Beijing, Gulf, America, Arabia, West, Russia, Istanbul

☆ Russia curbs gasoline and diesel exports to ease shortages
▼ + stars: | 2023-09-21 | by ( ) edition.cnn.com time to read: +2 min

Russia has introduced a temporary ban on exports of gasoline and diesel to all countries except four ex-Soviet states in order to stabilize the domestic market, the government said Thursday. “Temporary restrictions will help saturate the fuel market, which in turn will reduce prices for consumers,” the Russian government said in a statement. In recent months Russia has suffered shortages of gasoline and diesel. Wholesale fuel prices have spiked, although retail prices are capped to try to curb them in line with official inflation. Traders say the Russian fuel market has been hit by factors including maintenance at oil refineries, bottlenecks on railways and the weakness of the ruble, which incentivizes fuel exports.

Organizations: Economic Union, Kremlin, Traders, ” Locations: Russia, Soviet, Moscow, Belarus, Kazakhstan, Armenia, Kyrgyzstan, “, breadbasket, ” Russia, Saudi Arabia

The U.S. central bank left interest rates unchanged on Wednesday, in line with market expectations. Broadly speaking, higher rates for longer could be an unwelcome turn of events for stocks and bonds. The S&P 500 lost 0.94% on Wednesday, while the yield on two-year Treasuries, which reflect interest rate expectations, hit 17-year highs. Futures tied to the Fed’s policy rate late Wednesday showed traders were betting the central bank would ease monetary policy by a total of nearly 60 basis points next year, bringing interest rates to about 4.8%. Signs of wobbling growth could bolster the case for the central bank to cut rates far sooner than it had projected.

Persons: Sarah Silbiger, Josh Jamner, Gennadiy Goldberg, Jerome Powell, …, David Norris, John Madziyire, ”, Norris, Davide Barbuscia, David Randall, Herbert Lash, Lewis Krauskopf, Ira Iosebashvili, Stephen Coates Organizations: Eccles Federal Reserve, Washington , D.C, REUTERS, Federal, U.S, Treasury, U.S ., Clearbridge Investments, TD Securities USA, TwentyFour Asset Management, Thomson Locations: Washington ,, U.S

LONDON, Sept 21 (Reuters Breakingviews) - Barely a day goes by without an eye-catching story involving Saudi Arabia’s Public Investment Fund. A third of the fund consists of significant stakes in domestic companies like the $51 billion Saudi Telecom Company (7010.SE) and $53 billion Saudi National Bank (1180.SE). Reuters Graphics Reuters GraphicsThe PIF’s investment strategy is also racier than its more conservative peers. But the episode reinforces the impression that the PIF is a mix of venture capital, hedge fund and startup money. The most spectacular was probably handing $45 billion to SoftBank Group (9984.T) boss Masayoshi Son for his $100 billion first Vision Fund.

Persons: Kylian Mbappé, It’s, Prince Mohammed bin Salman, Yasir Al, Abu Dhabi’s Mubadala, Rumayyan, Salman bin Abdulaziz, Masayoshi Son, SWFs, Taiwan’s Foxconn, Peter Thal Larsen, Streisand Neto Organizations: Reuters, Saudi Arabia’s Public Investment Fund, Standard Chartered, Spanish telco Telefonica, Fund, Abu, Abu Dhabi Investment Authority, Global, Reuters Graphics Reuters, Saudi, Saudi Telecom Company, Saudi National Bank, Saudi Aramco, giga, Qatar Investment Authority, Singapore’s Temasek, Al, MbS, SoftBank Group, Vision, Credit Suisse, UBS, Saudi giga, Aramco, Investment, Thomson Locations: Spanish, Abu Dhabi, Riyadh, Saudi

☆ Abbas Says Middle East Peace Only Possible When Palestinians Get Full Rights
▼ + stars: | 2023-09-21 | by ( Sept. | At P.M. | ) www.usnews.com time to read: +1 min

UNITED NATIONS (Reuters) - Palestinian President Mahmoud Abbas told the United Nations General Assembly on Thursday that Middle East peace was not achievable until the Palestinians are granted full rights. He spoke as the United States appeared to make progress in brokering a normalization deal between Israel and Saudi Arabia. "Whoever thinks peace in the Middle East is possible before our people achieved their full right is delusional,” Abbas said. Israeli-Saudi normalization would dramatically redraw the Middle East by formally bringing together two major U.S. partners and longtime adversaries. Abbas also called on the United Nations to convene a conference to try to revive Israeli-Palestinian peace talks, which collapsed in 2014.

Persons: Mahmoud Abbas, ” Abbas, Benjamin Netanyahu's, Netanyahu, Joe Biden, Abbas, Ali Sawafta, Nidal, Chizu Nomiyama, Howard Goller Organizations: UNITED NATIONS, Reuters, United Nations General Assembly, Assembly, United Nations, West Bank Locations: United States, Israel, Saudi Arabia, Saudi, Riyadh, U.S, New York, Ramallah, West, Gaza

The risk, they have warned, is that large basis positions could once again exacerbate vulnerabilities in the U.S. bond market, which is a linchpin of the world's financial system. "These basis positions with these transformations are going to be a part of the equation because it's a necessary evil to get the capital to meet the demand." Higher supply comes as liquidity in Treasuries has been problematic for most of last year, partially due to rising volatility spurred by the Fed's aggressive rate hiking cycle. But Richard Chambers, global head of repo trading and global co-head of short macro trading at Goldman Sachs, told the trading forum on Thursday that the repo market was now more efficient. "We will have more levered investors buying Treasuries into 2024 and so demand for leverage in Treasuries will increase," he said.

Persons: Dado Ruvic, Joe Biden, Janet, Yellen, Jason Granet, Mark Wendland, ”, Richard Chambers, Goldman Sachs, Davide Barbuscia, Gertrude Chavez, Dreyfuss, Carolina Mandl, Laura Matthews, Matthew Lewis Organizations: REUTERS, Federal Reserve, Bank for International Settlements, Treasuries, Treasury, BNY Mellon, DRW Holdings, Reuters, Goldman, Thomson Locations: U.S, New York, Treasuries

☆ Analyst discusses prospects of Saudi-Israeli rapprochement
▼ + stars: | 2023-09-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAnalyst discusses prospects of Saudi-Israeli rapprochementHussein Ibish, senior resident scholar at the Arab Gulf States Institute in Washington, discusses the prospects of Saudi-Israeli rapprochement.

Persons: Hussein Ibish Organizations: Gulf States Institute Locations: Saudi, Washington

☆ Opinion | A 9/11 Widow’s Plea to Biden Over a U.S.-Saudi Treaty
▼ + stars: | 2023-09-21 | by ( ) www.nytimes.com time to read: +1 min

Fifteen of the 19 hijackers were from Saudi Arabia, as was Osama bin Laden himself. We, the victims’ family members, have been trying to hold these terrorists accountable in court since Sept. 11, 2001. Saudi Arabia has hidden behind sovereign immunity for all these years, and we have been stymied in court because the evidence against the alleged perpetrators is mostly classified. This works to the benefit of Saudi Arabia and works against the victims. Before any defense agreements with Saudi Arabia are ever reached, shouldn’t we first be allowed to hold the kingdom accountable for what occurred on the fateful day of 9/11?

Persons: Kenneth, Osama bin Laden, Biden Organizations: U.S, Officials, Mutual Defense Treaty Locations: Saudi Arabia

But none have stepped up to condemn India for its alleged involvement in the June slaying on Canadian soil of a Sikh separatist, Hardeep Singh Nijjar. All that makes it hard for Canada's main allies — which are also some of India's main partners — to loudly speak out. The government’s allegations are particularly awkward now for the U.K., which is seeking a free trade deal with India. In 2018, for example, China-Canada relations nosedived after China detained former Canadian diplomat Michael Kovrig and Canadian entrepreneur Michael Spavor. Now the stakes are higher, and it's unclear — at least publicly — who Canada can count on for full-throated support.

Persons: Justin Trudeau, —, They’ve, Hardeep Singh, Janice Stein, Sushant Singh, ”, Trudeau, India ramped, — Trudeau, Rishi Sunak’s, Max Blain, ” Trudeau, Sunak, Joe Biden, Mélanie Joly, John Kirby, “, Kirby, Biden, Robert Bothwell, Narendra Modi's, Putin, Vladimir Putin, Nijjar, Michael Kovrig, Michael Spavor, Meng Wanzhou, Meng, Donald Trump, Trump, Bothwell Organizations: TORONTO, Canadian, Munk School of Global Affairs, Policy Research, Canada, Canada’s The Globe, Mail, British, Canadian Foreign, White House, University of Toronto, Indian, Nijjar, White, Huawei, U.S, “ Locations: India, U.S, Britain, Australia, New Zealand, China, Japan, Germany, Toronto, New Delhi, West, Vancouver, Canada, Indian, Canadian, Canada’s The, South Asia, Pacific, Ottawa, Washington, Russia, Surrey, Saudi, Saudi Arabia, “, British

☆ Saudi crown prince says he will keep 'sportswashing' as criticism of the practice grows
▼ + stars: | 2023-09-21 | by ( Drew Richardson | ) www.cnbc.com time to read: +4 min

Call it whatever you want, we're going to get that one and a half percent," the crown prince said. The Saudi Public Investment Fund (PIF), an entity controlled by Crown Prince Mohammed, has backed Saudi soccer clubs and LIV Golf. The LIV Golf merger with the PGA Tour has faced widespread scrutiny. Key U.S. lawmakers have criticized the pending golf merger as an attempt by the kingdom to distract from its human rights record. Prior to the deal, LIV Golf sued the PGA Tour for alleged anticompetitive practices, which prompted the PGA Tour to countersue, saying LIV Golf was stifling competition.

Persons: Saudi Arabian Crown Prince Mohammed bin Salman Al Saud, Prince Mohammed bin Salman, sportswashing, I'm, Critics, Jamal Khashoggi, Cristiano Ronaldo, Dustin Johnson, Bryson DeChambeau, LIV Golf, Crown Prince Mohammed, LIV, Osama bin Laden, It's, Sen, Richard Blumenthal, Conn, Jimmy Dunne, Ron Price, Price, Benjamin Freeman, — CNBC's Lillian Rizzo, Chelsey Cox Organizations: Saudi, Saudi Arabian Crown, Partnership, Global Infrastructure, Fox News, Washington Post, Neymar, PGA Tour, Saudi Public Investment Fund, Crown, Reuters, PGA, Key U.S, Homeland Security, Governmental Affairs, Tour, Quincy Institute, Responsible Locations: Saudi Arabian, New Delhi, India, Saudi, Europe, Saudi Arabia, Key, Yemen

☆ Saudi Arabia's crown prince warned that if Iran gets a nuke 'we have to get one' too
▼ + stars: | 2023-09-21 | by ( Tom Porter | ) www.businessinsider.com time to read: +3 min

Saudi Arabia's Crown Prince Mohammed bin Salman was interviewed on Fox News. He said if Iran gets a nuclear weapon, Saudi Arabia will need one too. Biden is trying to restart the 2015 Iran deal amid fears of an arms race in the region. In a rare interview conducted in English with Fox News' Bret Baier on Wednesday, the Saudi ruler addressed the likely consequences of Iran - Saudi Arabia's longtime regional foe - obtaining a nuclear weapon. The 2015 Iran nuclear deal, which was negotiated by the Obama administration, led to Iran agreeing to limits on its nuclear program in exchange for sanctions being lifted.

Persons: Crown Prince Mohammed bin Salman, Biden, Bret Baier, Crown Prince Mohammed, Obama, Donald Trump, Joe Biden, Ebrahim Raisi Organizations: Saudi, Crown, Fox News, Service, ., Iran's, Associated Press Locations: Iran, Saudi Arabia, Wall, Silicon, Saudi, Hiroshima, Israel, Tehran

☆ Abbas says Middle East peace only possible when Palestinians get full rights
▼ + stars: | 2023-09-21 | by ( ) www.reuters.com time to read: +1 min

Palestinian President Mahmoud Abbas addresses the 78th Session of the U.N. General Assembly in New York City, U.S., September 21, 2023. REUTERS/Brendan McDermid Acquire Licensing RightsUNITED NATIONS, Sept 21 (Reuters) - Palestinian President Mahmoud Abbas told the United Nations General Assembly on Thursday that Middle East peace was not achievable until the Palestinians are granted full rights. "Whoever thinks peace in the Middle East is possible before our people achieved their full right is delusional,” Abbas said. Israeli-Saudi normalization would dramatically redraw the Middle East by formally bringing together two major U.S. partners and longtime adversaries. Abbas also called on the United Nations to convene a conference to try to revive Israeli-Palestinian peace talks, which collapsed in 2014.

Persons: Mahmoud Abbas, Brendan McDermid, ” Abbas, Benjamin Netanyahu's, Netanyahu, Joe Biden, Abbas, Ali Sawafta, Nidal, Chizu Nomiyama, Howard Goller Organizations: General Assembly, REUTERS, UNITED NATIONS, United Nations General Assembly, Assembly, United Nations, West Bank, Thomson Locations: New York City, U.S, United States, Israel, Saudi Arabia, Saudi, Riyadh, New York, Ramallah, West, Gaza

☆ Analysis: Sizzling rally in US energy stocks has room to run, bulls say
▼ + stars: | 2023-09-21 | by ( David Randall | ) www.reuters.com time to read: +5 min

Some believe a tight oil market and resilient U.S. growth will keep energy stocks rising for the rest of 2023. Bullish investors argue that energy stocks are still cheap by historical standards - and far less richly valued than other areas of the market. The energy sector currently trades at a forward price to earnings ratio of 12.2, well below its historical median forward P/E of 15.3, according to LSEG Datastream. Parts of the market appear skeptical energy stocks have much further to run. "That should result in a ... smoother ride for energy stocks than we’ve been accustomed to."

Persons: Bing Guan, LSEG, Charles Lemonides, Baker Hughes, Savita Subramanian, Brent, Bjarne Schieldrop, Rodney Clayton, we’ve, David Randall, Ira Iosebashvili, Marguerita Choy Organizations: Exxon, Mobil, REUTERS, Energy, West Texas, Federal, drillers, U.S . Energy, Administration, Global, Citi, Brent, SEB Research, Macquarie, Duff, Phelps Investment Management, Thomson Locations: Beaumont , Texas, U.S, Saudi Arabia, Russia, China

☆ Central bank interest rates: Is the global fight to tame inflation nearly over?
▼ + stars: | 2023-09-21 | by ( Anna Cooban | ) edition.cnn.com time to read: +5 min

London CNN —Central bankers have had to climb a metaphoric mountain over the past two years in the battle to control runaway inflation. The announcement came just hours after Switzerland’s central bank kept rates unchanged and a day after the US Federal Reserve did the same, holding its key lending rate in the range of 5.25% to 5.5%. “Central banks think they have raised interest rates enough to bring inflation down to their 2% targets in a couple of years’ time,” Paul Dales, chief UK economist at Capital Economics, told CNN. Key interest rates are now at levels that, if “maintained for a sufficiently long duration, will make a substantial contribution” to reducing inflation to its 2% target, the central bank said. “By this time next year, we anticipate that 21 out of the world’s 30 major central banks will be cutting interest rates.”

Persons: ” Paul Dales, “, Jerome Powell, Sarah Silbiger, Brent, Andrew Bailey, ” Seema Shah, ”, J.P, Morgan, Jennifer McKeown Organizations: London CNN —, Bank of England, US Federal Reserve, Capital Economics, CNN, European Central Bank, ECB, Federal, Washington DC, Bloomberg, Getty, European Union, EU, European Commission, Asset Management, “ Locations: United Kingdom, United States, Germany, Saudi Arabia, Russia

☆ Brace for another Fed rate hike thanks to a 'problematic' surge in oil prices, billionaire investor Jeff Gundlach says
▼ + stars: | 2023-09-21 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +3 min

Expect another rate increase by the Fed at its next meeting due to a "problematic" surge in oil prices, billionaire investor Jeff Gundlach said. "I think the probability of rate hikes is higher than what I thought before this oil spike happened," Gundlach said. Oil prices have climbed past $90 a barrel after Saudi Arabia and Russia slashed production. "So I think the chance of a rate hike is higher because these oil prices are going to be a real problem," Gundlach said. Surging oil prices now threaten to spark a resurgence of US inflation, which the Fed has tried so hard to quell.

Persons: Jeff Gundlach, Gundlach Organizations: Fed, Service, Federal, CNBC, Brent, US West Texas Locations: Saudi Arabia, Russia, Wall, Silicon

Saudi Crown Prince Mohammed bin Salman smiles during the New Global Financial Pact Summit at the Palais Brongniart in Paris, on June 22, 2023. Ludovic Marin | AFP | Getty ImagesSaudi Crown Prince Mohammed bin Salman said the prospect of normalizing relations with Israel is getting closer by the day, but signaled that the treatment of Palestinians remains a clinching point. Prince Mohammed dismissed reports that the two countries had suspended talks and acknowledged progress in negotiations. "Every day we get closer," he said in an Fox News interview aired on Wednesday — a rare sit-down with a Western media outlet for the Saudi crown prince. The two leaders agreed to work toward securing diplomatic ties between Saudi Arabia and Israel.

Persons: Prince Mohammed bin Salman, Ludovic Marin, Prince Mohammed, Joe, Abraham, Donald Trump, Benjamin Netanyahu, Biden, Netanyahu Organizations: New Global Financial, Palais, AFP, Getty, Saudi, Fox News, Israel, United, Wednesday, United Nations Locations: Saudi, Paris, Israel, Riyadh, Bahrain, United Arab Emirates, Sudan, Morocco, Washington, New York, Saudi Arabia

[1/2] A model of a new fighter jet of the Global Combat Air Programme (GCAP) led by Britain, Japan, and Italy, is seen at the DSEI defence event in London, Britain, September 12, 2023. Reuters/Sarah Young/File Photo Acquire Licensing RightsTOKYO, Sept 21 (Reuters) - Japan, Britain and Italy plan to choose Britain as the headquarters for their next-generation fighter program, four sources in Japan said, putting London at the forefront of a partnership that could expand to include other nations. "Discussion about the headquarters is ongoing and we are unable to comment on the location," Japan's defence procurement agency said in an email. "No final decisions have been made on the locations and we will not comment on speculation," a spokesperson at Britain's defence ministry said. Officials at the Italian defence ministry were unavailable for comment.

Persons: Sarah Young, Leonardo, LDOF.MI, Richard Berthon, Britain's, Tim Kelly, Nobuhiro Kubo, Paul Sandle, Angelo Amante, Gerry Doyle Organizations: Global Combat Air, Reuters, Rights, London, United, United Arab Emirates, Combat, Britain's Ministry of Defence, BAE Systems PLC, Mitsubishi Heavy Industries, Mitsubishi Electric Corp, Royce PLC, Japan's IHI Corp, Thomson Locations: Britain, Japan, Italy, London, Saudi Arabia, United Arab, GCAP, European

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