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Business

Oil drops almost 2% as investors watch Red Sea developments

Oil drops almost 2% as investors watch Red Sea developments

By Stephanie Kelly NEW YORK (Reuters) -Oil prices dropped nearly 2% on Wednesday, eating into the previous day's gains as investors monitored developments in the Red Sea, where shippers are returning despite further attacks on Tuesday. Brent crude futures settled down...

World stocks at highest in over a year on rate cut bets

World stocks at highest in over a year on rate cut bets

By Koh Gui Qing and Dhara Ranasinghe NEW YORK/LONDON (Reuters) -World stocks rallied to their highest level in more than a year on Wednesday, while the U.S. dollar hit a five-month low, as expectations mounted that key central banks such as the Federal Reserve will...

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