Gas crisis plunges LNG shipping market into the hands of energy giants

LONDON/SINGAPORE (Reuters) – The skyrocketing price of liquefied natural gas (LNG) shipping has alienated dozens of small traders, concentrating business in the hands of a handful of major global energy companies and major global trading houses. This grip is not expected to ease until 2026 when more LNG begins to emerge and lower prices, raising … Read more

Federal Reserve officials stare at the markets, say inflation is the focus

Register now to get free unlimited access to Reuters.com Register WASHINGTON (Reuters) – Federal Reserve officials on Monday shrugged off heightened volatility in global markets from falling U.S. stocks to currency turmoil abroad and said their priority remained controlling domestic inflation. “There are interactions out there,” said Loretta Meester, president of the Federal Reserve Bank … Read more

Italy’s election winners target an era of political stability

Register now to get free unlimited access to Reuters.com Register The right-wing bloc will have a clear majority in both houses Meloni will be the country’s first female prime minister The leader of the association says the government will be stable The government is not expected to be sworn in for a few weeks Record … Read more

Hurricane Fiona slams the Turks and Caicos Islands as a Category 3 storm and heads for Bermuda

SAN JUAN, Puerto Rico (Reuters) – Hurricane Fiona hit the Turks and Caicos Islands on Tuesday, dumping torrential rain and causing flooding in the Caribbean archipelago after cutting a path of destruction through the Dominican Republic. and Puerto Rico. US officials said the storm killed four people in Puerto Rico. A fifth person was killed … Read more