Oil prices rose on Thursday from a three-week low touched in the previous session after consuming nations announced a huge release of oil from emergency reserves, with worries over tight supply still clouding the market outlook.
Oil prices rose on Thursday from a three-week low touched in the previous session after consuming nations announced a huge release of oil from emergency reserves, with worries over tight supplies still clouding the market outlook.
Oil prices fell $2 after rising earlier in the session on Thursday amid uncertainty that the eurozone will be able to effectively sanction Russian energy exports, and after consuming nations announced a huge release of oil from emergency reserves.
Oil prices slid after rising earlier in the session on Thursday amid uncertainty that the euro zone will be able to effectively sanction Russian energy exports, and after consuming nations announced a huge release of oil from emergency reserves.
Oil settled lower on Thursday, adding to weekly losses on uncertainty that the euro zone will be able to effectively sanction Russian energy exports and after consuming nations announced a huge release of oil from emergency reserves.
The dollar hovered near a two-year high against a basket of majors on Thursday and pushed commodity currencies further down from recent peaks, after meeting minutes showed the Federal Reserve preparing to move aggressively to head off inflation.
The dollar slipped from a near two-year high on Thursday, as investors digested hawkish signals from the Federal Reserve and wondered whether expected tightening moves in the future have already been priced in.
The U.S. dollar climbed to nearly two-year highs on Thursday, as investors digested hawkish signals from the Federal Reserve, but wondered whether the currency's value already reflected further tightening moves.
The West's punishment of Moscow over its invasion of Ukraine ramped up this week following the discovery of civilians shot dead at close range in the Ukrainian town of Bucha, seized from Russian forces.
U.S. farmers, on a trade tour in Cuba, said on Wednesday they would like to sell more wheat and other farm products to the impoverished Caribbean island as a global food crisis looms, but that Cold War-era restrictions continue to hamper new deals.
The Federal Reserve on Wednesday signaled it will likely start culling assets from its $9 trillion balance sheet at its meeting in early May and will do so at nearly twice the pace it did in its previous "quantitative tightening" exercise as it confronts inflation running at a four-decade high.
The Federal Reserve might have raised interest rates by half a percentage point last month to deal a more decisive blow to soaring inflation, but Russia's invasion of Ukraine gave policymakers cold feet, minutes of the U.S.
Federal Reserve officials in March "generally agreed" to cut up to $95 billion a month from the central bank's asset holdings as another tool in the fight against surging inflation, even as the war in Ukraine tempered the first U.S.
Canada will earmark C$15 billion ($12 billion) over five years for a Growth Fund to attract private investment in new and green technologies, a senior government source said on Wednesday, a day before this year's budget presentation.
With an election looming, Canada's province of Ontario is moving to rein in surging home prices with populist measures like a bigger foreign-buyer tax, but economists warn rising interest rates are likely to do most of the work.
The U.S. dollar's share of world currency reserves continues to ebb slowly - but reserve stashes are only one measure of its dominance of global finance, and there's no realistic scenario where that gets derailed any time soon.
The U.S. dollar's share of world currency reserves continues to ebb slowly - but reserve stashes are only one measure of its dominance of global finance, and there's no realistic scenario where that gets derailed any time soon.
The European Union must cut its heavy reliance on derivatives clearing in London in the same way as the bloc is ending its dependency on Russian energy due to the war in Ukraine, EU financial services chief Mairead McGuinness said on Wednesday.
A U.S. markets regulator on Wednesday voted to propose new rules that would require platforms that execute trades of security-based swaps to register with the agency in a bid to increase transparency of the over-the-counter derivatives market.
As the world's wealthy democratic powers roll out new sanctions against Russia in response to horrifying images of executed Ukrainians in the city of Bucha, it has become clear that the easiest options are now exhausted and stark differences have emerged among allies over next steps.
The Bank of Canada will raise its overnight interest rate by 50 basis points at its next policy meeting on April 13, according to a majority of economists polled by Reuters, who also sharply raised their inflation forecasts for this year.
The United States and its allies will target Russian banks and officials with a "sweeping package" of sanctions on Wednesday and ban new investment in Russia, the White House said, after Washington and Kyiv accused Moscow of committing war crimes in Ukraine.
The United States targeted Russian banks and elites with a new round of sanctions on Wednesday, including banning Americans from investing in Russia, in response to what President Joe Biden condemned as "major war crimes" by Russian forces in Ukraine.
Wedding guests should prepare for a few surprises at this year's post-pandemic U.S. nuptials as people discard their sweatpants for sheer layering and body-hugging dresses.
The Nasdaq slumped 2% on Wednesday as tech stocks extended their selloff for a second straight day on mounting concerns over aggressive actions by the Federal Reserve to fight inflation, with minutes from the central bank's March meeting on tap.
The Nasdaq slumped 2% on Wednesday as tech stocks extended their sell-off for a second straight day on mounting concerns over aggressive actions by the Federal Reserve to fight inflation, with minutes from the central bank's March meeting on tap.
Wall Street's main indexes fell on Wednesday, with steep declines in tech and other growth stocks, after minutes from the Federal Reserve's March meeting sharpened investors' focus on the U.S.
Russia edged closer to a potential default on its international debt on Wednesday as it paid dollar bondholders in roubles and said it would continue to do so as long as its foreign exchange reserves are blocked by sanctions.
European shares fell almost 2% on Wednesday, as investors grappled with the twin worries of aggressive U.S.
Gold prices dipped on Wednesday after the dollar and Treasury yields jumped to multi-year highs on hawkish comments from U.S.
