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  • Sep 08, 2024

Five Key Charts to Watch in Global Commodity Markets This Week

(Bloomberg) -- Hedge funds are slashing bets on an oil rally amid a rout. Iron ore is on a downward trend as declines for steel prices in China bite. And biofuels are getting a boost over oil in Brazil.Most Read from BloombergWorld's Second Tallest Tower Spurs Debate About Who Needs ItHow Americans Voted Their Way Into a Housing CrisisThe Plan for the World’s Most Ambitious Skyscraper RenovationUC Berkeley Gives Transfer Students a Purpose-Built Home on CampusRome May Start Charging Entry to the

  • Sep 08, 2024

Risk-On Momentum in Stocks Succumbs to Mounting Growth Worries

(Bloomberg) -- The seemingly unstoppable stock market rally is wobbling as it confronts a horde of challenges to the momentum that’s taken it from record high to record high.Most Read from BloombergWorld's Second Tallest Tower Spurs Debate About Who Needs ItThe Plan for the World’s Most Ambitious Skyscraper RenovationUC Berkeley Gives Transfer Students a Purpose-Built Home on CampusHow Americans Voted Their Way Into a Housing CrisisRome May Start Charging Entry to the Trevi FountainA rout early

  • Sep 07, 2024

VW boss says European market shrinking amid tougher competition

Volkswagen's CEO, who is pushing for unprecedented cutbacks in the German carmaker's home market, said change was needed because the European market is shrinking while competition is increasing. Speaking in an interview in Sunday paper Bild am Sonntag, Volkswagen CEO Oliver Blume said "the pie has become smaller, and we have more guests at the table". Volkswagen said on Monday it was considering taking the unprecedented step of closing factories in Germany and ending job guarantees at six of its plants in a drive to deepen a 10 billion euro ($11 billion) cost-cutting plan.

  • Sep 07, 2024

BOE Peers Over Gilt-Market Chasm Pivotal for Reeves’s UK Budget

(Bloomberg) -- The Bank of England is about to grapple with one of the thorniest decisions since it began unwinding crisis-era stimulus in 2022 as it confronts a year of unusually high bond redemptions.Most Read from BloombergWorld's Second Tallest Tower Spurs Debate About Who Needs ItThe Plan for the World’s Most Ambitious Skyscraper RenovationUC Berkeley Gives Transfer Students a Purpose-Built Home on CampusRome May Start Charging Entry to the Trevi FountainMadrid to Ban E-Scooter Rentals, Fol

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