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  • Financial News

    Palladium charges to all-time high on Ukraine, gold tests $2,000/oz

    by Reuters March 7, 2022
    by Reuters March 7, 2022

    By Bharat Gautam – Palladium shot up to an all-time high as Russia’s invasion of Ukraine and resultant sanctions stoked fear of scarcity, while gold tested the psychological $2,000 mark …

  • Financial News

    Apple expected to launch new low-cost 5G iPhone

    by Reuters March 7, 2022
    by Reuters March 7, 2022

    By Danielle Kaye and Nivedita Balu NEW YORK – Apple Inc will likely announce a new low-cost version of its iPhone SE with 5G capabilities at its annual spring product …

  • Financial News

    India rupee hits record low, yields spike as surge in crude hurts

    by Reuters March 7, 2022
    by Reuters March 7, 2022

    By Swati Bhat MUMBAI -The Indian rupee fell to a historic low on Monday, while bond yields surged as a sharp rise in global prices of crude oil stirred concern …

  • Financial News

    Japan Inc feels the heat over Russia ties as rivals shun Moscow

    by Reuters March 7, 2022
    by Reuters March 7, 2022

    By Yuka Obayashi, Maki Shiraki and Yoshifumi Takemoto TOKYO – Japanese firms are under deepening pressure over their ties to Russia and are scrambling to assess their operations, company and …

  • Financial News

    Russian-Ukraine fears send CDS debt insurance costs soaring

    by Reuters March 7, 2022
    by Reuters March 7, 2022

    LONDON – The cost of insuring against a Russian government debt default soared by almost 50% on Monday and premiums on other emerging market countries, junk bonds and swathes of …

  • Financial News

    Swiss National Bank renews pledge to stem franc’s rise in rare comment

    by Reuters March 7, 2022
    by Reuters March 7, 2022

    By John Revill ZURICH – The Swiss National Bank repeated on Monday its pledge to intervene on the currency markets to curb a rise in the franc after safe-haven inflows …

  • Financial News

    BOJ may offer bleaker view on economy, Ukraine war adds to risks -sources

    by Reuters March 7, 2022
    by Reuters March 7, 2022

    By Leika Kihara and Takahiko Wada TOKYO -The Bank of Japan may downgrade its economic assessment at next week’s policy meeting as a spike in Omicron COVID-19 infections dealt a …

  • Financial News

    UBS downgrades eurozone stocks on earnings risk

    by Reuters March 7, 2022
    by Reuters March 7, 2022

    MILAN – The wealth management arm of Swiss bank UBS has downgraded euro zone equities to neutral citing the potential for negative economic and earnings growth revisions amid growing uncertainty …

  • Featured NewsFinancial News

    ‘My heart is breaking’: Russians fear economic nightmare about to unfold

    by Reuters March 7, 2022
    by Reuters March 7, 2022

    -In bright sunshine, a long queue of shoppers snaked outside an IKEA store near Moscow late last week. Similar scenes were repeated across Russia as families rushed to spend their …

  • Financial News

    UBS has limited Russia exposure, but sees risks of unexpected increases

    by Reuters March 7, 2022
    by Reuters March 7, 2022

    ZURICH – UBS’s direct exposure to Russia made up $634 million of the Swiss bank’s total emerging market exposure of $20.9 billion at the end of 2021, the bank said …

  • Financial News

    Euro zone investor morale plummets in March on Ukraine crisis

    by Reuters March 7, 2022
    by Reuters March 7, 2022

    FRANKFURT – Investor morale in the euro zone plunged in March in the wake of the Russian invasion of Ukraine and its implications for the global economy, a survey showed …

  • Financial News

    Britain’s Next closes Russia operations

    by Reuters March 7, 2022
    by Reuters March 7, 2022

    LONDON – British clothing retailer Next is to close its Russian operations following Russia’s invasion of Ukraine, joining a growing list of companies shunning the country. Next has told staff …

  • Financial News

    Japan’s top business lobby says difficult to replace Russian oil immediately

    by Reuters March 7, 2022
    by Reuters March 7, 2022

    TOKYO – The head of Japan’s largest business lobby said on Monday the country’s imports of Russian crude could not be replaced immediately, as global discussions gathered pace about the …

  • Featured NewsFinancial News

    Russian banks may issue cards with China’s UnionPay as Visa, Mastercard cut links

    by Reuters March 7, 2022
    by Reuters March 7, 2022

    LONDON – Credit cards issued by Russian banks using the Visa and Mastercard payment systems will stop functioning overseas after March 9, Russia’s central bank said on Sunday, adding that …

  • Financial News

    China’s export growth slows, Ukraine crisis poses risk

    by Reuters March 7, 2022
    by Reuters March 7, 2022

    BEIJING -China’s export growth slowed in the January-February period largely due to base effects, and though the data beat expectations, Russia’s invasion of Ukraine has heightened uncertainty over the outlook …

  • Financial News

    Take Five: Navigating the Ukraine crisis

    by Reuters March 7, 2022
    by Reuters March 7, 2022

    The war in Ukraine, and its fallout, remains central for markets. How much more pain is about to hit Russia’s economy? Can oil rise even higher? U.S. inflation data is …

  • Financial News

    Marketmind: Oil shock

    by Reuters March 7, 2022
    by Reuters March 7, 2022

    A look at the day ahead in markets from Dhara Ranasinghe. Oil’s relentless climb, hitting almost $140 on Monday, means another turbulent start to the week for world markets. The …

  • Financial News

    Ukraine upends stimulus exit: Five questions for the ECB

    by Reuters March 7, 2022
    by Reuters March 7, 2022

    By Dhara Ranasinghe and Stefano Rebaudo LONDON – The European Central Bank’s plans to dial back stimulus have been upended by Russia’s invasion of Ukraine. Policymakers meeting on Thursday must …

  • Financial News

    Any decision to stop Russian energy imports would hit next winter’s supplies – Engie CEO

    by Reuters March 7, 2022
    by Reuters March 7, 2022

    PARIS – Engie chief executive Catherine MacGregor said on Monday that any decision to stop Russian energy imports in retaliation for Russia’s invasion of Ukraine would impact the energy supplies …

  • Financial News

    Russia’s Gazprom continues gas shipments via Ukraine at same level – Prime

    by Reuters March 7, 2022
    by Reuters March 7, 2022

    – Russian state natural gas company Gazprom is continuing to supply gas via Ukraine at the same volume as a day earlier of 109.5 million cubic metres per day, Russia’s …

  • Financial News

    Analysis – Southeast Asian equities shine as commodities rally on Ukraine crisis

    by Reuters March 7, 2022
    by Reuters March 7, 2022

    By Alun John and Anshuman Daga HONG KONG/SINGAPORE – Southeast Asian stocks are becoming a haven for international investors fleeing a worsening outlook for global equities who are hoping for …

  • Financial NewsTravel

    Southern Europe grapples with changing face of tourism

    by Reuters March 7, 2022
    by Reuters March 7, 2022

    By Karolina Tagaris CORFU, Greece -It took one electricity bill to crush Dimitris Diavatis’ hopes that his Greek summer resort could bounce back to its pre-pandemic health this year, even …

  • Financial News

    U.S. shale oil and gas producers Oasis and Whiting in talks to merge – source

    by Reuters March 6, 2022
    by Reuters March 6, 2022

    By David French – U.S. shale oil and gas producers Oasis Petroleum Inc and Whiting Petroleum Corp are close to agreeing an all-stock merger that could be announced as soon …

  • Financial News

    U.S., European allies discuss banning imports of Russian oil

    by Reuters March 6, 2022
    by Reuters March 6, 2022

    By Humeyra Pamuk and Jarrett Renshaw WASHINGTON -The United States and European allies are exploring banning imports of Russian oil, U.S. Secretary of State Antony Blinken said on Sunday, and …

  • Financial News

    U.S., Venezuela discuss easing of sanctions, make little progress -sources

    by Reuters March 6, 2022
    by Reuters March 6, 2022

    By Marianna Parraga, Vivian Sequera, Matt Spetalnick and Diego OrĂ© CARACAS/WASHINGTON -U.S. and Venezuelan officials discussed the possibility of easing oil sanctions on Venezuela but made scant progress toward a …

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