US Treasury warns against rate hikes amid Iran-war energy shock
US Treasury Secretary Scott Bessent has urged the Federal Reserve not to raise interest rates, arguing that the US economy is facing an energy supply shock linked to the US-led conflict with Iran. He said the central bank should keep an open mind and avoid reacting too aggressively to what he described as noisy inflation data. The comments add a fresh political signal ahead of the Fed's next policy meeting in December.Bessent made the remarks in an interview on CNBC on Friday, saying the Fed should understand that the current pressure is being driven by energy markets rather than a... [Continue Reading]
360LiveNews | 13 Nov 2026 16:59 LONDON
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EU spending on Russian Arctic LNG rises ahead of 2027 import ban
The European Union spent an estimated €8.7bn on Russian liquefied natural gas from the Arctic in the first ten months of 2026, according to an analysis of shipping data cited in the report. The figure comes as Brussels prepares to ban Russian LNG imports from 1 January 2027, under a move intended to reduce the bloc's energy dependence on Moscow. The latest numbers show that purchases continued to rise even as the deadline approached.The analysis, carried out by Urgewald using data from energy intelligence firm Kpler, found that EU ports received 12.89 million tonnes of LNG from Russia's Yamal project... [Continue Reading]
360LiveNews | 12 Nov 2026 12:00 LONDON
European markets close mixed as energy, metals and FX swings dominate a volatile session
Executive summary: European equities finished broadly higher, led by the Euro Stoxx 50, DAX and CAC 40, while the FTSE 100 slipped marginally. The session was shaped by a sharp jump in natural gas, a drop in Brent crude, softer gold, and a weaker euro and pound against the dollar. Crypto and autos were notable laggards, while palladium and European large caps outperformed. [Continue Reading]
360LiveNews Markets Intelligence | 11 Nov 2026 16:45 LONDON
