The Russian ruble hit record lows on Monday while world stocks slid and oil prices jumped after the West ramped up sanctions against Moscow over its invasion of Ukraine, including blocking Russian banks from the SWIFT global payments system.
U.S. equity futures sank with the euro while the safe-haven dollar and yen were in demand on Monday after Western nations imposed fresh sanctions on Russia for its invasion of Ukraine, including blocking some banks from the SWIFT international payments system.
Crude oil jumped while the rouble plunged nearly 30% to a fresh record low on Monday after Western nations imposed new sanctions on Russia for its invasion of Ukraine, including blocking some banks from the SWIFT international payments system.
World stocks slid, oil prices jumped and the rouble tanked to fresh record lows on Monday, as the West ramped up sanctions against Russia for its attack on Ukraine that included blocking banks from the SWIFT global payments system.
Chicago grain and oilseed futures made a huge run early last week as tensions rapidly escalated between Russia and Ukraine, but it did not excite already-bullish speculators as much as it may have seemed.
Chicago grain and oilseed futures made a huge run early last week as tensions rapidly escalated between Russia and Ukraine, but it did not excite already-bullish speculators as much as it may have seemed.
The Russian ruble sank and the euro nursed sharp losses against the U.S.
The euro pared some of its earlier losses on Monday, mirroring the rouble, which also trimmed some of its declines from an all-time low, after Russia said it had started talks with Ukraine.
The rouble plunged around 30% on Monday, the euro slid almost 1% versus the dollar, and the safe-haven Swiss franc and Japanese Yen were in demand after Western nations imposed tough new sanctions on Russia for its invasion of Ukraine.
The Russian rouble plunged nearly 20% to a new record low versus the dollar on Monday and the euro sank more than 1% after Western nations announced a harsh set of sanctions to punish Russia for its invasion of Ukraine https://www.reuters.com/world/india/war-with-ukraine-putin-puts-nuclear-deterrence-forces-alert-2022-02-27, including blocking some banks from the SWIFT international payments system.
The rouble plunged to a record low on Monday and the dollar soared against most peers after Western nations announced fresh sanctions to punish Russia for its invasion of Ukraine, and President Vladimir Putin put its nuclear forces on high alert.
The Russian rouble plunged and the euro nursed losses against the U.S.
The Russian rouble was set to plunge nearly 30% to all-time lows versus the dollar on Monday, while the euro sank after Western nations announced fresh sanctions to punish Russia for its invasion of Ukraine https://www.reuters.com/world/india/war-with-ukraine-putin-puts-nuclear-deterrence-forces-alert-2022-02-27, including blocking some banks from the SWIFT international payments system.
Swiss President Ignazio Cassis said on Sunday that it was "very probable" that neutral Switzerland would follow the European Union (EU) on Monday in sanctioning Russia and freezing Russian assets in the Alpine country.
Energy ministers from European Union countries on Monday agreed to urgently link a European power system to Ukraine's grid, a move that would increase its independence from Russia following Moscow's invasion of the country.
A decision by Western allies on Saturday to block "selected" Russian banks from the SWIFT payments system will inflict a crippling economic blow, but also cause much pain to their own companies and banks.
Nigeria will offer a naira incentive to exporters of semi-processed or finished goods made at home in a push to shore up the country's dollar supply, the central bank said.
U.S. curbs on exports to Russia for invading Ukraine look tough at first glance, but exemptions on everything from mobile phones to airplane parts coupled with the difficulty of policing shipments suggest a softer economic blow.
U.S. retail investors bought stocks during Thursday's selloff, even as many of their favorite names have been battered by worries over geopolitical strife and a hawkish Federal Reserve that looks set to keep volatility elevated.
U.S. stocks drew buyers after a recent tumble, but some investors believe buying the dip this time may be a far riskier bet than in the past as markets face geopolitical strife and a hawkish Federal Reserve.
U.S. credit markets have been churning with more volatility spurred by Russia's invasion of Ukraine, on top of uncertainty around monetary policy shifts, hurting investor returns and complicating borrowers' ability to access financing.
U.S. President Joe Biden intends to nominate Jay Shambaugh, a George Washington University professor and former Obama administration economic adviser, as the U.S.
Several companies, including automakers Volkswagen and Renault and tire maker Nokian Tyres, on Friday outlined plans to shut or shift manufacturing operations following Russia's invasion of Ukraine.
A liquefied natural gas tanker that has been docked at Venture Global's Calcasieu Pass export terminal in Louisiana since early February is nearly loaded, according to gas supply data, and preparing join a stream of U.S.
Grain exporters are looking for alternative sources of wheat and corn as a Russian invasion cuts off Ukrainian supplies, with European Union producers Romania and France being used to cover some nearby loadings, traders said on Friday.
The Federal Reserve's preferred measure of inflation rose again in January and a new report from the central bank warned that price pressures could persist unless a shortage of available workers begins to ease.
The Federal Reserve's preferred measure of inflation rose again in January, likely firming the central bank's intent to raise interest rates through the year even as policymakers start to weigh the possible impact of the Russia-Ukraine conflict on the economic outlook.
Russia will use money from its rainy-day fund this year to replace shortfalls caused by a forced reduction in state borrowing, which has grown more costly due to new Western sanctions, Finance Minister Anton Siluanov said on Friday.
Irish insurers' association Insurance Ireland has offered to open up its data sharing platform to non-members and apply fair criteria to access it in an attempt to end a near-three EU antitrust investigation and stave off a possible hefty fine.
Pre-tax profits for the world's largest copper producer Codelco surged to $7.4 billion in 2021 from $2.1 billion a year earlier, boosted by high global prices for the widely used metal, the Chilean state mining company said on Friday.
