Browsing: Business

CryptoWire, LONDON: Global financial markets are navigating renewed turbulence after warnings of a potential $17.3 trillion oil price shock that could reverberate across energy, currency, and digital asset sectors. The alert follows heightened geopolitical tension in South America, where the detention of Venezuelan President Nicolás Maduro by U.S. forces has disrupted expectations for global crude supply and triggered volatility in both commodities and cryptocurrencies. Oil prices fluctuated sharply in early-week trading as markets assessed potential consequences for Venezuela’s oil production and export capacity. As one of the world’s largest proven crude reserve holders and a key OPEC member, Venezuela’s stability is viewed as central to balancing…

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WASHINGTON, Dec 25: The yield on the 10-year U.S. Treasury note held steady on Tuesday as investors assessed the latest economic data and its implications for the Federal Reserve’s interest rate outlook heading into 2025. The move followed an upward revision in third-quarter U.S. gross domestic product (GDP) growth, underscoring continued strength in the economy despite elevated borrowing costs. The benchmark 10-year Treasury yield was little changed at 3.86 percent, holding near levels seen in recent sessions. The two-year yield, which closely reflects expectations for short-term monetary policy, edged lower to 4.35 percent, while the 30-year yield remained around 4.02 percent. Trading volumes were thin ahead of…

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