ECONOMY & MARKETS

Russia's coupon payment on a sovereign bond maturing in 2029 was processed by correspondent bank JPMorgan Chase & Co, a source said on Monday, the second time in recent days the country appears to have averted default.

The Bank of Japan must maintain ultra-loose monetary policy as recent cost-push inflation could hurt the economy, Governor Haruhiko Kuroda said on Tuesday, highlighting a widening gap with the U.S.

The dollar rose on Tuesday as Federal Reserve Chair Jerome Powell put the possibility of 50 basis point rate hikes on the table, while the yen fell below the psychological 120 level as the Bank of Japan reiterated its support for ultra-loose monetary policy.

The dollar was buttressed by new bets on U.S. rate hikes on Tuesday, while investors unloaded yen and sent it spearing below the psychological 120 level as the Bank of Japan looks increasingly isolated in its dovish policy stance.

The dollar slipped on Tuesday after a move higher the previous day as comments from U.S.

The dollar edged lower on Tuesday as a boost from comments by U.S.

By Mohi NarayanNEW DELHI - Oil prices extended gains on Tuesday as some European Union members discussed a potential oil embargo on Russia and attacks on Saudi facilities sent jitters through the market.

By Laura Sanicola-Oil stumbled on Tuesday as the dollar strengthened and it looked unlikely that the European Union would pursue an embargo on Russian oil, a day after prices jumped 7% and also rose earlier in the session.

Hours-long lines formed at gas stations in Cuba?s capital Havana on Monday after local media reported rationing of fuel in at least one province amid a biting economic crisis that has already left food and medicine in short supply across the island.

Ghana's central bank announced its biggest ever interest rate hike on Monday as it seeks to slow rampant inflation that threatens to create a debt crisis in one of West Africa's largest economies.

The U.S. central bank must move "expeditiously" to bring too-high inflation to heel, Federal Reserve Chair Jerome Powell said on Monday, adding that it could use bigger-than-usual interest rate hikes if needed to do so.

Federal Reserve Chair Jerome Powell on Monday delivered his most muscular message to date on his battle with too-high inflation, saying the central bank must move "expeditiously" to raise rates and possibly "more aggressively" to keep an upward price spiral from getting entrenched.

The U.S. central bank must move "expeditiously" to bring too-high inflation to heel, Federal Reserve Chair Jerome Powell said on Monday, adding that it could use bigger-than-usual interest rate hikes if needed to do so.

Ukraine faces a possible grain revenue loss of $6 billion as the blockade of its ports by Russian forces prevents it from selling millions of tonnes of wheat and corn that had been earmarked for export by June, a senior industry official said.

The U.S. Treasury yield curve is increasingly pointing to the risk of an approaching recession, with markets clearly doubting the U.S.

Sharp moves in the U.S. Treasury market are increasingly pointing to the risk of an approaching recession, with "bond vigilantes coming out of the woodwork" and markets doubting the U.S.

The U.S. Securities and Exchange Commission on Monday unveiled a landmark proposal requiring public companies to disclose their greenhouse gas emissions and other climate change-related risks in their periodic filings, such as annual reports.

A Sri Lanka government-appointed committee on Monday said the crisis-hit country's central bank and finance ministry must form a team to seek urgent international financial assistance as its economy reels under a foreign currency shortage.

Apollo Infrastructure, a unit of investment firm Apollo Global Management Inc, has agreed to buy a stake in Spanish road freight operator Primafrio, the companies said in a joint statement on Monday.

The U.S. securities regulator on Monday will unveil a landmark proposal requiring public companies to disclose greenhouse gas emissions, part of President Joe Biden's efforts to fight climate change.

The U.S. securities regulator on Monday proposed requiring U.S.-listed companies to disclose a range of climate-related risks and greenhouse gas emissions, part of President Joe Biden's push to join global efforts to avert climate-related catastrophes.

The path to permanent joint bond sales by euro zone governments will be long and bumpy, but Russia's invasion of Ukraine may have helped clear the way.

Wall Street closed lower on Monday, with stocks extending their slide after U.S.

Wall Street slid on Monday, dipping deeper into negative territory after U.S.

Wall Street's main indexes fell on Monday as Federal Reserve Chair Jerome Powell's comments sparked bets of more aggressive interest rate hikes, adding to investor concerns as the Ukraine conflict rages on.

Wall Street closed lower on Monday, with stocks extending their slide after U.S.

After Russia's invasion of Ukraine sent global wheat futures soaring, U.S. farmer Vance Ehmke was eager to sell his grain.

Federal Reserve Chair Jerome Powell has often pointed to the months before the pandemic as a heyday for the U.S.

Egypt's pound depreciated by almost 14% on Monday after weeks of pressure on the currency as foreign investors pulled out billions of dollars from Egyptian treasury markets following Russia's invasion of Ukraine.