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Analysis: Russia's G7 oil price ceiling moves from revenue squeeze to market anchor

Analysis: Russia’s G7 oil price ceiling moves from revenue squeeze to market anchor

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WASHINGTON, Dec 6 (Reuters) – When U.S. officials first floated the idea of ​​capping Russian oil export prices in response to a planned European embargo in March, they pledged to cut revenue of the Russian war machine, while avoiding a devastating spike in oil prices. But keeping Russian oil on the market and global prices …

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Currency swap debt is an $80 trillion global regulator, says 'blind spot'

Currency swap debt is an $80 trillion global regulator, says ‘blind spot’

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LONDON, Dec 5 (Reuters) – Pension funds and other “non-bank” financial firms hold more than $80 trillion in hidden off-balance sheet dollar debt in foreign exchange swaps, the Bank for International Settlements (BIS) said. ). The BIS, dubbed the central bank of central banks around the world, also said in its latest quarterly report that …

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Column: Dodging the Recession Could Whip the Markets: Mike Dolan

Column: Dodging the Recession Could Whip the Markets: Mike Dolan

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LONDON, Dec 2 (Reuters) – A recession of sorts next year is quickly becoming a consensus – so much so that financial markets could find themselves whipped if they don’t materialize. The crux of most outlooks for 2023 is a year of contraction in activity at some point, disinflation and interest rate spikes. The result …

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