U.S. house prices are set to climb in double digits this year even as the Federal Reserve embarks on its expected series of interest rate hikes, according to a Reuters poll of property analysts who forecast a sellers' market for another two years.
U.S. Treasury Secretary Janet Yellen travels to Chicago on Wednesday to amplify President Joe Biden's State of the Union messages on punishing Russia for its invasion of Ukraine and advance his economic agenda, including investments in child care, education and clean energy.
The United States is preparing a sanctions package targeting more Russian oligarchs as well as their companies and assets, two sources familiar with the matter said on Wednesday, as Washington steps up pressure on Russian President Vladimir Putin over Moscow's invasion of Ukraine.
Wall Street ended sharply higher on Wednesday after Federal Reserve Chair Jerome Powell signaled the central bank would likely raise interest rates less than some investors had feared.
U.S. stocks looked set to rise on Wednesday after a bruising start to the week, as Federal Reserve Chair Jerome Powell signaled the central bank would start raising rates this month despite uncertainties stemming from the Ukraine crisis.
U.S. stock indexes rose on Wednesday after a bruising start to the week, as Federal Reserve Chair Jerome Powell signaled the central bank would start raising rates this month despite uncertainties stemming from the Ukraine crisis.
Wall Street surged on Wednesday after Federal Reserve Chair Jerome Powell signaled the central bank would likely raise interest rates less than some investors had feared.
The United States is open to imposing sanctions on Russia's oil and gas flows but going after its exports now could help Moscow, the White House said on Wednesday as oil prices surged to an 11-year high and supply disruptions mounted.
Turkey's trade deficit widened 186% year-on-year in the first two months of the year due to a surging energy bill, data showed on Wednesday, as soaring commodities prices prompted economists to raise their current account deficit forecasts.
The European Union said on Wednesday it was excluding seven Russian banks from the SWIFT messaging system, but stopped short of including those handling energy payments, in the latest sanctions imposed on Russia over its invasion of Ukraine.
The Bank of Canada is poised to hike its key overnight interest rate for the first time in three years on Wednesday, kicking off a string of increases geared at curbing hot inflation even as Russia's invasion of Ukraine adds to global uncertainty.
Euro zone inflation soared to another record high last month, intensifying a policy dilemma for the European Central Bank, which will need to convey a sense of calm amid war-related market turmoil but also respond to mounting price pressures.
European stocks reversed earlier falls to close higher on Wednesday as surging commodity prices lifted energy and mining shares on fear of supply constraints due to crippling sanctions against Russia over its invasion of Ukraine.
European stocks fell on Wednesday as surging commodity prices stoked inflation worries at a time when crippling sanctions against Russia over its invasion of Ukraine have had a spillover effect, denting risk appetite.
Oil surged relentlessly beyond $110 a barrel on Wednesday, extending its rally since Russia invaded Ukraine seven days ago, on expectations that the market will remain short of supply for months to come following sanctions on Moscow and a flood of divestment from Russian oil assets by major companies.
Commodity-linked currencies strengthened on Wednesday as the impact of an escalating conflict in Ukraine kept prices surging for oil and other raw materials.
The euro was under pressure on Wednesday as intensifying Russian bombardment of Ukraine's cities and a surging oil price raised investor concerns about a hit to Europe's economy and growth.
The dollar edged higher against the euro on Wednesday, as investors worried about the impact of an escalating conflict in Ukraine on the euro zone's economic prospects, while commodity-linked currencies strengthened.
The euro was under pressure on Wednesday as intensifying Russian bombardment of Ukraine's cities and surging oil prices raised investors' concerns about a hit to Europe's economy and growth.
Activist investment firm Starboard Value LP is arguing that Huntsman Corp investors should elect its director candidates to the board to ensure the chemical maker delivers on promises to shareholders.
Netflix, fashion outlet H&M, tech company Oracle and many others cut or paused business in Russia on Wednesday because of the attack on Ukraine, while the United States laid out new sanctions and a Ukrainian official outlined to Reuters plans for fanning corporate support.
Some of America's best-known companies including Apple, Google, Ford, Harley-Davidson and Exxon Mobil rebuked and rejected Russia for its invasion of Ukraine, under steady pressure from investors and consumers decrying the violence.
Boeing suspended maintenance and technical support for Russian airlines and U.S.
From Canada Goose parkas and the latest iPhone to spare parts for aircraft engines and even some of the planes themselves - the list of goods, consumer and industrial, that will no longer be sold in Russia is growing longer with every day.
Some of America's best-known companies including Apple, Google, Ford and Harley-Davidson rebuked and rejected Russia for its invasion of Ukraine, under steady pressure from investors and consumers decrying the violence.
Canada's runaway house prices will keep growing at a robust pace this year, despite several rate rises expected from the central bank, according to a Reuters poll, which also showed the likelihood of a significant correction was low.
The European arm of Sberbank, Russia's biggest lender, has been closed by order of the European Central Bank, which had warned it faced failure due to a run on deposits after Russia invaded Ukraine, Austria's Financial Market Authority said.
Options on a small, soon-to-be defunct exchange-traded fund tracking Russian stocks drew a rush of trading on Tuesday, as investors placed bets on what the fund's shares will do in its last few days of trading.
"A major geopolitical realignment is taking place," which, like 9/11, "shapes major governments' foreign and military policies unpredictably for years to come."
U.S. traders in the nation's largest oil hubs have cautiously put imports from Russian companies on hold, even though the White House has said oil sales are not the target of sanctions.
