ECONOMY & MARKETS

Share markets made cautious gains on Monday amid talk of more sanctions against Russia over its invasion of Ukraine, while bonds screamed the risk of a hard landing for the U.S.

World share markets were mixed on Monday amid talk of yet more sanctions against Russia over its invasion of Ukraine, while bonds continued to spell the risk of a hard landing for the U.S.

Asian share markets got off to a cautious start on Monday amid talk of yet more sanctions against Russia over its invasion of Ukraine, while bond markets continued to sound the risk of a hard landing for the U.S.

Flood, fire, and drought fueled by climate change could take a massive bite out of the U.S.

Oil prices fell at the start of Asian trade on Sunday, after the United Arab Emirates and the Iran-aligned Houthi group welcomed a truce that would halt military operations on the Saudi-Yemeni border, alleviating some concerns about potential supply issues.

The Federal Reserve may begin trimming its balance sheet as soon as its May 3-4 meeting to address inflation risks that have become "particularly acute," New York Fed chair John Williams said Saturday.

The European Central Bank plans to raise interest rates some time after winding down its bond purchase programme in the third quarter of this year, ECB board member Isabel Schnabel said on Saturday.

Peru, the world's no. 2 copper producer, will target "excess profits" that mining firms have gained from soaring global metals prices for extra taxation, the country's economy minister told Reuters.

The extra income that Mexico, an oil producer and exporter, will gain from higher crude prices will be used to pay for a subsidy to keep domestic gasoline prices down, Mexican Deputy Finance Minister Gabriel Yorio told Reuters on Friday.

Mexico will use the extra revenue it collects from higher oil prices to subsidize domestic gasoline and diesel prices, Deputy Finance Minister Gabriel Yorio told Reuters on Friday.

Brazil's central bank employees began an indefinite strike for a wage increase on Friday, threatening the stability of the wildly popular Pix instant payment system and the publication of data releases.

Brazil posted a record trade surplus for March, of $7.4 billion, official data showed on Friday, but the number was well below market forecasts amid expectations that exports would rise as commodity prices spike.

Federal Reserve Chair Jerome Powell worked through the weekend after Russia's Feb.

The coronavirus pandemic's grip on the U.S. job market notably loosened in March, two years after a state of emergency was declared, as the number of people homebound by COVID-19 concerns hit a new low and fewer people reported having to work remotely.

Massive sanctions imposed by the United States and its allies on Moscow over its invasion of Ukraine are turning Russia into a closed economy that is ill-equipped to produce its own consumer and technology goods, a senior U.S.

The Biden administration may soon consider calls for exemptions to a ban on financing of new carbon-intensive fossil fuel projects overseas, a senior U.S.

Commodity traders have started diverting sugar shipments away from Russia, according to industry sources and shipping data, a move set to further boost soaring domestic prices and ratchet up pressure on the Russian government to cool food inflation.

A scheme that protects the value of lira deposits has helped Turkey prop up the ailing currency, but payouts from it look set to place an increasing burden on the state budget, despite revenue-raising initiatives to offset the cost.

Petroleum exports from Venezuela declined about 4% in March from the previous month as its state-run oil company dealt with crude cargoes returned by customers over poor oil quality, documents and vessel monitoring data showed.

U.S. automakers on Friday reported a slump in first-quarter domestic sales, as the entire industry was slammed by chip shortages and disruptions to supply chains.

U.S. automakers on Friday reported a slump in first-quarter U.S.

Anger against Sri Lankan President Gotabaya Rajapaksa's handling of a deepening economic crisis in the island nation of 22 million people spiralled into violence late on Thursday, as hundreds of protesters clashed with police for several hours.

Workers at an Amazon.com Inc warehouse in New York City voted to form the first union at the second-largest U.S.

Workers at an Amazon.com Inc warehouse in New York City voted to form the first union at the second-largest U.S.

President Joe Biden's administration on Friday sharply boosted fuel economy standards for vehicles, reversing former President Donald Trump's rollback of U.S.

President Joe Biden's administration on Friday unveiled tougher fuel economy standards for vehicles reversing his predecessor Donald Trump's rollback of U.S.

Chicago Federal Reserve President Charles Evans on Friday repeated his view that the U.S.

Greece's economy is expected to expand 3.5% this year due to higher energy prices and the Ukraine crisis, the International Monetary Fund said on Friday, lowering a previous 5.4% estimate made last summer.

Australia will sign a trade agreement with India on Saturday that will eliminate tariffs on 85% of Australian goods entering India, helping farmers and miners to diversify export markets, Prime Minister Scott Morrison said.