• Aug 08, 2024

Lack of Fed ‘Urgency’ Puts Stock Market At Risk, JPMorgan Says

(Bloomberg) -- While the recent stock-market rout flushed out some froth, US stocks remain at risk of more severe declines if growth continues to decelerate and the Federal Reserve “does not show urgency” in easing monetary policy, Dubravko Lakos-Bujas writes in his inaugural note leading market strategy at JPMorgan Chase & Co.Most Read from BloombergAfrica’s Richest City Needs $12 Billion to Fix InfrastructureHow a Tiny Midwestern Town Became a Mecca for Modern ArchitectureNYC Subway Riders See

  • Aug 08, 2024

Exclusive-Western insurers provide cover for Russian oil despite price cap concerns

A group of Western insurers have provided cover for tankers carrying Russian crude, keeping its oil flowing after many in the trade sector withdrew for fear of breaching the rules of a G7 price cap, data from traders and shippers shows. The data seen by Reuters showed that five insurers, including American Club, Luxembourg-headquartered West of England and Norway's Gard, provided cover for 10 tankers that sailed from Russia to Asia this year. American Club and West of England provided insurance for two vessels - the Gioiosa and the Orion I - that made similar voyages in early 2024.