Press Association
Turkey farmer says customers not getting in a flap over Christmas as orders rise
A turkey farmer has said his customers are not getting in a flap when it comes to ordering their Christmas dinner.
Despite the coronavirus pandemic potentially limiting Christmas gatherings, David McEvoy said his orders have increased...
Press Association
BP expects to pay windfall tax after posting massive profits for July to September
BP has revealed its profit for the past three months has more than doubled compared with the same period last year, amid growing calls for stiffer windfall taxes on energy producers.
It came as BP confirmed it will be hit by the new...
Bloomberg
NEC's Deese Says SPR Use Was a 'Temporary Bridge'
White House National Economic Council Director Brian Deese says tapping the Strategic Petroleum Reserve acted as a "bridge" while US producers ramped up supply. He speaks during an interview with Jonathan Ferro on "Bloomberg The Open."
Bloomberg
Europeans Don't Want Russian Metal: Eibl
A reluctance by European metal users to buy Russian material will become an increasing factor over the coming year as purchase contracts come up for renewal, according to Christoph Eibl, the head of metals trader Tiberius Group. He spoke...
Bloomberg
Fed's Daly on Rate Hikes, Inflation, Policy Coordination
Federal Reserve Bank of San Francisco President Mary Daly says she doesn't expect interest rates to come down next year. Speaking with Mike McKee on "Bloomberg Markets," Daly also discusses current inflation levels and her views on...
Bloomberg
Russia's Novak on OPEC+ Cut, Production, Oil-Price Cap
Russian Deputy Prime Minister Alexander Novak discusses the 2 million barrel-a-day oil supply reduction OPEC+ announced on Wednesday, Russia's crude oil production plans, and the impact of a proposed price cap on his nation's oil...
Bloomberg
VW's EV Efforts Get 180 Billion Spending Boost
Volkswagen AG is bolstering a push to challenge Tesla Inc.'s leadership on electric vehicles by raising its five-year spending plan to 180 billion ($193 billion). Volkswagen CFO Arno Antlitz provides details of the plan in a...
Bloomberg
Micron CEO on Supply Chain Issues, Production in U.S.
Micron Technology Inc. CEO Sanjay Mehrotra talks about supply chain issues facing the chip maker, semiconductor manufacturing in the U.S. and securing government support for the sector. He speaks to Bloomberg's Caroline Hyde exclusively...
Bloomberg
Fortescue Metals CEO Sees Strong China Demand for Iron Ore
Fortescue Metals Group Ltd. Chief Executive Officer Elizabeth Gaines discusses the demand and supply outlook for iron ore. The world's no. 4 exporter said first-half profit fell 32% following a sharp drop in ore prices over the period....
Bloomberg
Goldman's Currie: Oil Market Will Continue to Tighten
Jeff Currie, global head of commodities at Goldman Sachs, discusses the impact of the US dollar's rise on commodities markets, global oil production capacity, and natural gas demand on "Bloomberg Surveillance."
Bloomberg
China's Factory Activity Struggles; Services Slow
China's factory activity barely grew in September, while services slowed, The official manufacturing purchasing managers index rose last month to 50.1 from 49.4 in August. Any figure higher than 50 indicates expansion....
Bloomberg
Europe Likely to End Winter With Enough Gas, CBA Says
Vivek Dhar, director of mining and energy commodities research at Commonwealth Bank of Australia, discusses Hurricane Ian's potential impact on gas and oil markets and Europe's energy crisis. He also looks at how the concerns about...
Bloomberg
Surging Dollar Sends Commodities Lower
A US dollar rally and tighter monetary policy are hurting commodity prices. Bloomberg's Su Keenan reports on Bloomberg Television.
Bloomberg
Bright Spots in Uncertain Times
JoAnne Feeney, Advisors Capital Management Partner & Liz Ann Sonders, Charles Schwab Chief Investment Strategist dive into the feds next move and what parts of the economy are doing well in turbulent times.
Bloomberg
StanChart's Park on South Korea's Extra Budget Proposal
Park Chong Hoon, Head of Korea Economic Research at Standard Chartered, discusses South Korea's extra budget proposal. He speaks with Paul Allen and Shery Ahn on "Bloomberg Daybreak: Asia".
Bloomberg
Biggest U.S. Gas Driller Eyes Investing in Exports
EQT President and CEO Toby Rice joined Bloomberg's Guy Johnson and Kailey Leinz to discuss gas prices and investments in U.S. liquefied natural gas export terminals on "Bloomberg Markets: European Close."
Bloomberg
Housing Market Bending, Not Breaking on Rates: Evercore Analyst
Evercore ISI Head of Housing Research Stephen Kim says the US residential real estate market is "holding up extremely well" despite the recent rise in mortgage rates. The housing market is "bending for sure under the weight of those...
Bloomberg
ANZ Expects to See Further Downside for Metals
Daniel Hynes, senior strategist at Australia & New Zealand Banking Group Ltd., discusses the outlook for commodities, and how Russia's invasion of Ukraine and the Covid lockdowns in China are affecting markets. He speaks with Haidi...
Bloomberg
Copper Could Hit $20,000 a Ton, Says BofA's Blanch
May.11 -- Francisco Blanch, head of global commodities and derivatives research at Bank of America, is very bullish on copper. “We think we could go as high as $20,000 a ton if the supply of scrap copper doesn’t make it to the market,"...
Bloomberg
LME Battles to Restore Confidence Amid Hedge Funds Exit
The London Metal Exchange needs to restore confidence in its "ability to to to be the price setter" following its decision on Tuesday to suspend nickel trading, according to Caroline Bain, chief commodities economist at Capital...
Bloomberg
Vitol CEO Sees Oil at $100 for 'Prolonged Period'
Vitol CEO Russell Hardy, says he sees oil prices at $100+ for a 'prolonged period' at some point in the next 6-9 months. That's as supply will continue struggling to catch up with 'surging' demand in the second half of this year. He also...
Bloomberg
'Uptick' in Cyber Attacks Since Russia's War, Darktrace CEO Says
Poppy Gustafsson, CEO of cyber security company Darktrace, discusses the "uptick of attacks" across critical infrastructure since Russia's war in Ukraine with Tom Mackenzie on Bloomberg Surveillance: Early Edition.
Bloomberg
OPEC Trims Oil Demand Outlook, Cuts Production by 2M B/D
OPEC has slashed projections for the amount of crude it will need to pump this quarter, making the case for the contentious supply cut announced last week. Bloomberg's Natalia Kniazhevich reports on "Bloomberg Daybreak: Australia."
Bloomberg
Supply Side for Oil Remains Very Tight: Whistler
James Whistler, managing director at Vanir Global Markets, discusses OPEC+'s proposed oil production cut, the demand for oil and his outlook for natural gas and oil prices. He speaks on Bloomberg Television.