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(Bloomberg) -- Federal Reserve Bank of St. Louis President Alberto Musalem said it may be appropriate to pause interest-rate cuts as soon as this month, emphasizing incoming data will guide his decision. Most Read from BloombergAs Wars Rage, Cities Face a Dark New Era of Urban DestructionRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsMusalem indicated Wednesday that he wants to keep all options open ahead of the Fed’s next meeting on Dec. 17-18. The St. Louis Fed chief said he’d

(Bloomberg) -- Poland extended its pause on interest rates to more than a year as policymakers look past a recent decline in inflation and weakening economic growth for a clear outlook to emerge.Most Read from BloombergAs Wars Rage, Cities Face a Dark New Era of Urban DestructionRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsThe Monetary Policy Council kept its benchmark at 5.75% on Wednesday, in line with the forecasts of all 31 economists surveyed by Bloomberg. While headline i

(Bloomberg) -- Banks are gearing up for US oil prices to fall below $60 a barrel by the middle of President-elect Donald Trump’s new term in office, according to a survey from law firm Haynes Boone LLP.Most Read from BloombergAs Wars Rage, Cities Face a Dark New Era of Urban DestructionRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsWest Texas Intermediate, the US benchmark, is expected to drop to $58.62 a barrel by 2027, the mean estimate of 26 banks participating in the survey t

Abu Dhabi, the capital of the United Arab Emirates (UAE), set out measures on Wednesday to simplify processes for businesses as it strives to diversify its economy away from oil. The oil-rich city emirate, which holds more than 90% of the UAE's oil reserves, announced a centralised business registry authority - the Abu Dhabi Registration Authority (ADRA) - that will be the single point for business registration, a statement said. In common with other oil exporters in the region, Abu Dhabi has accelerated efforts to diversify into sectors including tourism, logistics, manufacturing and industry, to seek future economic growth as the world pursues efforts to wean itself off fossil fuels.

(Bloomberg) -- Australia’s economic growth remained sluggish last quarter as a surge in government spending underpinned the expansion, highlighting the Reserve Bank’s policy challenge as inflation is still stubbornly sticky.Most Read from BloombergAs Wars Rage, Cities Face a Dark New Era of Urban DestructionRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsGross domestic product rose 0.8% from a year earlier, the weakest reading — excluding the pandemic — since December 1991, when t

NEW YORK (Reuters) -Oil prices rose more than 2% on Tuesday as Israel threatened to attack the Lebanese state if its truce with Hezbollah collapses, and as investors positioned for OPEC+ to announce an extension of supply cuts this week. Brent crude futures posted their biggest gains in two weeks, rising by $1.79, or 2.5%, to settle at $73.62 a barrel. Israeli forces have continued strikes against what they say are Hezbollah fighters ignoring last week's truce agreement in Lebanon.

U.S. central bankers on Tuesday said they continue to believe inflation is heading down to their 2% target and signaled support for further interest rate cuts ahead, but none pushed strongly for or against doing so when they next meet to set rates in two weeks. "We have to continue to recalibrate policy - now, whether it will be in December or sometime later, that's a question we'll have a chance to debate and discuss in our next meeting," San Francisco Fed President Mary Daly said on Fox Business Network. Speaking at a Crain's "Power Lunch," Chicago Fed President Austan Goolsbee similarly gave little away on his view of the likely outcome of the central bank's upcoming Dec. 17-18 meeting.