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 …
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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 Reutersby ReutersBy 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 Reutersby ReutersBy 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 …
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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 Reutersby ReutersBy 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 Reutersby ReutersBy 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 …
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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 Reutersby Reuters-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 Reutersby ReutersZURICH – 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 …
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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 …
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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 Reutersby ReutersTOKYO – 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 Reutersby ReutersLONDON – 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 …
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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 …
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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 …
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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 …
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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 Reutersby ReutersPARIS – 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 Reutersby Reuters– 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 Reutersby ReutersBy 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 …
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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 Reutersby ReutersBy 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 …
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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 Reutersby ReutersBy 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 …