U.S. banks’ commodity trading exposures rise on Russia conflict
By Matt Scuffham NEW YORK – Wall Street banks’ commodities trading exposures are rising, which could leave them vulnerable to large swings in asset values …
conflict
Analysis-Jerusalem clashes raise fears of wider conflict
By Henriette Chacar, Ali Sawafta and Nidal al-Mughrabi JERUSALEM – One year after events in Jerusalem led to war in Gaza, clashes during the Muslim …
Gold inches higher as Ukraine conflict lifts safe-haven bids
By Asha Sistla (Reuters) – Gold prices edged higher on Wednesday as concerns of an escalation in the Russia-Ukraine conflict increased safe-haven bids for the …
Bank of Spain urges banks to monitor risks, keep provisions amid Ukraine conflict
MADRID – The Bank of Spain told lenders on Thursday to adequately monitor credit risks of some of their customers most exposed to the economic …
Brazil’s Petrobras CEO appointee may face conflict of interest probe
RIO DE JANEIRO – The prosecutor’s office at Brazil’s federal audit court (TCU) has asked the court to open an investigation into President Jair Bolsonaro’s …
OPEC+ says prolonged Ukraine conflict would be major blow to global economy
LONDON – OPEC+ has warned the global economy would see a major blow from a prolonged conflict in Ukraine, the oil producing group said in …
Russia-Ukraine conflict to have huge impact on global steel demand -Japan steel group
TOKYO -The conflict between Russia and Ukraine, which are exporters of steel products, will have a huge impact on global steel demand and trade if …
European steel prices to extend rally as Ukraine conflict cuts supply
By Eric Onstad LONDON – Surging European steel prices are set to extend their gains as Russia’s invasion of Ukraine has disrupted logistics, spurred sanctions …
U.S. ambassador urges Mexico to side with Ukraine in Russia conflict
MEXICO CITY – The U.S. ambassador to Mexico on Thursday urged Mexican lawmakers to join the United States in supporting Kyiv against Russia’s invasion of …
Russia to emerge from Ukraine conflict weaker, senior Pentagon official says
WASHINGTON – Russia will emerge from the conflict in Ukraine weaker and more isolated, a senior Pentagon official said on Thursday. “I think with a …
Ukraine conflict likely to weigh on Serbian economy, IMF says
BELGRADE – The war in Ukraine is expected to weigh on Serbia’s economy, presenting global problems such as supply chain disruptions and higher commodity prices, …
Ukraine conflict opens diplomatic and energy opportunities for Qatar
By Andrew Mills DOHA – Russia’s invasion of Ukraine has opened up diplomatic and commercial opportunities for gas exporter Qatar to expand energy sales to …
U.S. boycotts conflict diamond meetings chaired by Russia
By Helen Reid JOHANNESBURG – The United States and Britain are boycotting some Kimberley Process meetings because they are chaired by Russia, in a sign …
Biden to assess Ukraine conflict at NATO meeting next week
BRUSSELS/WASHINGTON -U.S. President Joe Biden will meet NATO and European Union leaders in Brussels next week for a summit to discuss Russia’s invasion of Ukraine …
Philippines sees Ukraine conflict having ‘temporary’ impact on economy
MANILA – The impact of the Russia-Ukraine conflict on the Philippine economy is expected to be temporary, Economic Planning Secretary Karl Chua told a media …
Ukraine war becomes a cudgel in Republican Party’s internal conflict
By David Morgan WASHINGTON – The war in Ukraine has opened a new front in the U.S. Republican Party’s civil war, with party primary candidates …
ECB raises inflation forecasts, cuts growth outlook amid Ukraine conflict
FRANKFURT – The European Central Bank raised its inflation projections on Thursday but cut its growth outlook as the conflict in Ukraine is likely to …
Prudential flags Ukraine conflict risks after 2021 profit rise
By Selena Li and Carolyn Cohn HONG KONG/LONDON -Prudential PLC notched up a 16% rise in 2021 operating profit after it strengthened its focus on …
U.S. money market funds see big inflows as Ukraine conflict intensifies
– U.S. investors were rushing to invest in money market funds as the conflict between Russia and Ukraine intensified, fuelling worries about inflation and economic …
We don’t seek conflict with Russia but we are ready for it, U.S. says
BRUSSELS – NATO will defend all its allies and territory against a Russian attack, U.S. Secretary of State Antony Blinken said on Friday, as he …
ECB’s Centeno warns of ‘stagflation’ from Russia-Ukraine conflict
LISBON -European Central Bank Governing Council member Mario Centeno warned on Wednesday that Russia’s invasion of Ukraine could lead to a combination of low growth …
Apollo CEO says Ukraine conflict could weigh on interest rate rises
By Chibuike Oguh – Apollo Global Management Inc Chief Executive Marc Rowan said on Tuesday that Russia’s invasion of Ukraine could temper interest rate rises …
Ukraine war risks to U.S. economy hinge on conflict length-White House adviser
WASHINGTON – White House economic adviser Cecilia Rouse said on Monday that the biggest U.S. economic risk from Russia’s invasion of Ukraine is from higher …
Toymaker Lego advises Russian staff to stay silent on Ukraine conflict
By Jacob Gronholt-Pedersen COPENHAGEN – Toymaker Lego has recommended that its staff in Russia not attend protests or get involved in any public discussion about …
Stocks set for a painful week as conflict intensifies; bonds to gain
By Saikat Chatterjee LONDON – World markets were set for another tumultuous week after Western nations announced a harsh set of sanctions to punish Russia …
Brazil’s Vale expects Russia-Ukraine conflict to affect price of nickel, pellets
– Executives of miner Vale SA said on Friday that Russia’s invasion of Ukraine has led to speculation in the price of nickel, and they …
Factbox-How the Ukraine conflict could affect the U.S. economy
By Ann Saphir, Jonnelle Marte and Lindsay Dunsmuir – Federal Reserve policymakers on Thursday signaled the conflict in Ukraine will not budge them from their …
HSBC sees risks of wider contagion to markets from Russia-Ukraine conflict – CEO
LONDON – The boss of HSBC, one of Europe’s largest banks, said on Tuesday he was concerned about the risk of “wider contagion” for global …
In Ukraine conflict, even the elderly are getting ready to fight
By Aleksandar Vasovic and Polina Nikolskaya MARIUPOL/DONETSK, Ukraine – Elderly men and women, some well past retirement age, are getting ready to fight on either …
How a Russia-Ukraine conflict might hit global markets
By Karin Strohecker LONDON – A potential invasion of Ukraine by neighbouring Russia would be felt across a number of markets, from wheat and energy …
Hardship deepens amidst Syria’s frozen conflict
DAMASCUS/BEIRUT – After her son was killed fighting for the Syrian government in 2013, the state began paying Amouna al-Berri a monthly salary which easily …
Olympics-Beijing Games burst into life under shadow of COVID and conflict
By Tony Munroe, Muyu Xu and Gabrielle Tétrault-Farber BEIJING – Chinese President Xi Jinping opened a Beijing Winter Olympics on Friday that not only bear …