"The longer the war goes on, the greater the chance of an economic recession," the chief executive of commodity trader Vitol said on Tuesday at a business leaders' conference organised by the Financial Times.
A Dutch court on Wednesday rejected a suit against Shell brought by four widows of activists who were executed by the Nigerian government in 1995 after they protested against the oil's company's exploitation of the Niger Delta.
Europe will end its energy dependence on Russia but to do so from one day to the next would plunge it into a recession, risking hundreds of thousands of jobs and entire industrial sectors, German Chancellor Olaf Scholz said on Wednesday.
Canada on Thursday will outline plans to increase oil exports to help alleviate the tight global market following Russia's invasion of Ukraine, but the hike will not undermine Ottawa's long-term climate commitments, a government source said.
U.S. President Joe Biden has few appealing policy options to get record high U.S.
U.S. President Joe Biden has few appealing policy options to get record high U.S.
Swings in asset prices following Russia's invasion of Ukraine could hit first-quarter profits at big U.S.
Many Indians are cutting down on fried food and even vegetables as the Ukraine war inflates the prices of items from edible oils to fuel, threatening a sputtering recovery in the consumption-based economy after two years battling COVID-19.
Germany's EnBW will avoid any new energy supply deals with Russia for as long as Vladimir Putin is its president, the utility's chief executive said in response to Moscow's ongoing invasion of Ukraine.
British inflation shot up faster than expected last month to hit a new 30-year high, worsening a historic squeeze on household finances that finance minister Rishi Sunak is under pressure to ease in a budget update later on Wednesday.
Tighten hard and fast now and you might just avoid triggering recession - it seems the Federal Reserve is tempted by its own playbook from almost 30 years ago.
At age 69, Kim Jung-mi holds three jobs: she spends three hours getting a two-year old home from kindergarten every weekday for $9 per hour, then washes vegetables at a store that sells kimchi.
Gold prices held steady on Wednesday as worries over the Ukraine crisis supported demand for the safe-haven metal, although calls from U.S.
South Korea has nominated Rhee Chang-yong, a veteran technocrat at the International Monetary Fund, as its new central bank chief, the country's presidential office said on Wednesday.
South Korea on Wednesday nominated veteran International Monetary Fund official Rhee Chang-yong as its new central bank chief, a pick who is widely expected to continue the bank's efforts to curb inflation with aggressive interest rate hikes.
World stocks climbed to five-week highs on Wednesday as investors ignored a broadening selloff in global bond markets fuelled by a combination of soaring inflation and hawkish comments from U.S.
Wall Street pushed stocks and Treasury yields down on Wednesday after both had powered higher earlier in the week as investors took in the strength of the economy and hawkish comments from U.S.
Asian equities hit three week highs on Wednesday as investors fled a meltdown in bond markets and sought refuge in cash, carry trades and beaten-down sectors such as technology, while the Ukraine conflict's threat to supplies kept oil prices firm.
Oil prices rose on Wednesday amid volatile trading on increasing concerns of global supply tightness from sanctions imposed on Russia, the world's second-largest oil exporter, and on signs that exports from Kazakhstan may be disrupted.
Oil prices rose in volatile trading on Wednesday, supported by disruption to Russian and Kazakh crude exports via the CPC pipeline.
Oil prices rose in volatile trading on Wednesday, supported by disruption of Russian and Kazakh crude exports via the CPC pipeline.
Oil prices rose on Wednesday as a reported drop in U.S. crude inventories increased concerns about tight global supplies amid the hit to Russian exports from economic sanctions.
The dollar climbed on Wednesday while the euro weakened as oil prices shot higher again with U.S.
The dollar climbed on Wednesday while the euro weakened as oil prices saw another jump with U.S.
The Australian dollar stood tall while the yen slumped further as higher energy prices continued to drive moves in foreign exchange markets on Wednesday.
The euro weakened against the dollar on Wednesday amid another sharp increase in oil and natural gas prices and while investors waited for U.S.
The dollar was flat against major peers on Wednesday as the boost from the U.S.
The Australian dollar marched higher and the Japanese yen continued its slide on Wednesday, as markets turned more positive on riskier assets and high commodity prices drove developments.
Japan's ruling coalition on Wednesday agreed to compile a fresh stimulus package to cushion the economic blow from surging fuel and grain prices caused by the war in Ukraine.
Finance minister Rishi Sunak will aim to show on Wednesday that he is helping Britons through the worst cost-of-living squeeze in decades while keeping his powder dry for bigger tax cuts before the next election.
