Oil lost ground for the fifth time in the last six days on Wednesday as traders reacted to hoped-for progress in Russia-Ukraine peace talks and a surprising increase in U.S.
The economic cost of Russia's assault on Ukraine was fully exposed on Wednesday as Vladimir Putin's sanctions-ravaged government teetered on the brink of its first international debt default since the Bolshevik revolution.
The economic cost of Russia's assault on Ukraine was further exposed on Wednesday as the sanctions-hit country teetered on the brink of its first default on international debt since the Bolshevik revolution.
The London Metal Exchange (LME) halted nickel trading on its electronic system almost immediately on Wednesday in a chaotic resumption of business for a market that has been in limbo for over a week.
South Korea's annual unemployment rate fell to the lowest on record in February, with jobs growth staying at a near 22-year-high, though the increase was mainly due to a low base and the government's fiscal spending.
Japanese manufacturers' business confidence improved for the first time in three months in March, as automakers became less pessimistic, though firms feared a fresh surge in energy prices due to the Ukraine crisis, the Reuters Tankan poll showed.
Japan's top firms have offered pay rises of around 2% or more as annual labour talks wrap up on Wednesday, a boost from last year's razor-thin increase but still unlikely to kick-start demand in the moribund economy.
Japanese accountant Masamitsu has not travelled or gone to the cinema in years and rarely eats out.
Japan will revoke Russia's most-favoured nation trade status as part of further sanctions against Moscow following the invasion of Ukraine, two people with direct knowledge with the matter told Reuters on Wednesday.
Japan will revoke Russia's most-favoured nation trade status as part of further sanctions against Moscow following the invasion of Ukraine, Prime Minister Fumio Kishida said on Wednesday.
India is rolling out measures to help the country become a major exporter of high-quality wheat as importers scramble for supplies after Russia's invasion of Ukraine, two government sources said.
Britain's lowest-paid workers have seen the biggest squeeze on their pay over the past 12 months, according to figures on Tuesday which suggest the cost of living crisis is likely to prove even more painful than headline figures imply.
Gold fell nearly 2% on Tuesday to a two week trough as hopes of progress in peace talks between Russia and Ukraine coupled with the likelihood of a U.S.
Argentina, already battling annual inflation running at over 50%, is braced for prices heating up further due to spiking global commodities costs that are being exacerbated by the Russian invasion of Ukraine.
Argentina's monthly inflation rocketed to 4.7% in February, the state statistics agency said on Tuesday, the highest since March 2021 and far above forecasts as the South American country's president promised a "war" against spiraling prices.
In times of crisis, not much in financial markets roars "safe haven" louder than the Japanese yen.
U.S. producer prices increased solidly in February as the cost of goods like gasoline surged, and further gains are in the pipeline following Russia's war against Ukraine, which has made crude oil and other commodities more expensive.
U.S. producer prices increased solidly in February as the cost of goods like gasoline surged, and further gains are in the pipeline following Russia's war against Ukraine, which has made crude oil and other commodities more expensive.
Gold extended its slide on Tuesday as ceasefire talks between Russia and Ukraine reduced demand for safe-haven assets, while bets that the U.S.
U.S. stocks gained ground on Tuesday as oil prices extended declines, while investor focus was squarely on the Federal Reserve's two-day meeting where policymakers are widely expected to raise interest rates.
Wall Street's main indexes climbed on Tuesday as oil prices extended declines and data showed a softer-than-expected rise in producer prices, with investors remaining focused on the outcome of the Federal Reserve's two-day policy meeting.
U.S. stocks rallied on Tuesday, with the S&P 500 poised to snap a 3-day streak of declines as another drop in oil prices and a softer-than-expected reading on producer prices helped ease inflation fears among investors who are now focused on the Federal Reserve's upcoming policy announcement.
U.S. stocks rallied on Tuesday and the S&P 500 ended a 3-day skid as another drop in oil prices and a softer-than-expected reading on producer prices helped ease inflation fears among investors, with the focus turning to the Federal Reserve's upcoming policy announcement.
New economic projections from the Federal Reserve this week will show how far and how fast policymakers see interest rates rising this year, in a first test of the impact of the Ukraine war and surging inflation on the coming shift in U.S.
Several of Wall Street's biggest banks are planning on keeping a limited presence and holding on to banking licenses in Russia for the foreseeable future, even as they wind down their broader operations in the country, sources at those banks said.
Britain said on Tuesday it would ban the export of luxury goods to Russia and impose a new 35% tariff on 900 million pounds ($1.2 billion) worth of Russian imports, including vodka, metals, fertilisers and other commodities.
Britain imposed sanctions on hundreds of Russian individuals and entities on Tuesday, using a new law to catch up with the European Union and United States in targeting people accused of propping up Russian President Vladimir Putin.
European stocks fell more than 2% on Tuesday, with commodity-linked sectors leading the losses, as concerns about surging coronavirus cases in China added to nerves ahead of a widely expected U.S.
Britain's unemployment rate dropped below its pre-pandemic rate in the three months to January while pay rose faster than expected, according to official figures that are likely to bolster the Bank of England's plans to raise interest rates.
Sri Lanka will start official talks with the International Monetary Fund (IMF) next month, a cabinet spokesman said on Tuesday, as the government seeks to stave off the island nation's worst economic crisis in years amid growing protests.
