Euro Testing Support As Ukraine Crisis Looms Over Growth
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.
Commodity-linked Currencies Gain As Oil Extends Rally
Commodity-linked currencies strengthened on Wednesday as the impact of an escalating conflict in Ukraine kept prices surging for oil and other raw materials.
Starboard Argues Huntsman Needs New Directors To Achieve Promises
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.
H&M, Oracle And Videogame Maker EA Add To Corporate Condemnation Of Russia
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.
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Canada Home Prices To Defy Gravity This Year, Correction Unlikely: Reuters Poll
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.
ECB Orders European Arm Of Russia's Sberbank Closed, Austria's FMA Says
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.
Tiny Imploding Russia Fund Draws Rush Of Options Bets
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.
Column-Ukraine Crisis Re-focuses World Investment Themes: McGeever
"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. Has Not Sanctioned Russian Oil But Traders Avoiding It
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.
Analysis-Ukraine War Won't Deter Fed And Co. From March Rate Hikes
The U.S. Federal Reserve and some of its major central banking peers will press ahead with lifting interest rates this month, money markets suggest, even as a war on Europe's eastern flank complicates the picture for inflation and economic growth.
Analysis-Getting Rid Of Russian Assets A Big Problem For U.S. Fund Managers
U.S. investors holding Russian assets are finding themselves in an increasingly difficult position on working out how to ditch them.
BoE's Saunders Says Ukraine Impact On Rate Decisions Unclear
Bank of England policymaker Michael Saunders said Russia's invasion of Ukraine is likely to push Britain's soaring inflation higher, but that it is too soon to determine the impact on monetary policy.
Biden Administration Recognizes States' Highway Spending Role, Buttigieg Says
U.S. Transportation Secretary Pete Buttigieg will tell a U.S Senate committee on Wednesday that the Biden administration recognizes the role of states in deciding how to prioritize using federal highway funds.
Hungary Central Bank Ready To Act 'At Any Moment' To Shore Up Markets
The National Bank of Hungary (NBH) is ready to intervene "at any moment" with all tools at its disposal to ensure the stability of local financial markets, it said in a reply to Reuters questions on Tuesday, reining in the forint from record lows.
U.S. Manufacturing Activity Regains Speed; Supply Chains Remain Stretched
U.S. manufacturing activity picked up more than expected in February as COVID-19 infections subsided, though hiring at factories slowed, contributing to keeping supply chains snarled and prices for inputs high.
Italy's Public Finances Improve In 2021 As Growth Rebounds
Italy's economy grew 6.6% last year following a record contraction of 9.0% in 2020, while the budget deficit and public debt came in below government targets, statistics bureau ISTAT reported on Tuesday.
Canada's Economy Seen Growing In January After Strong Fourth Quarter
The Canadian economy mostly likely started 2022 on a strong footing, despite the impact of the Omicron variant of the coronavirus, while fourth-quarter growth came in above expectations, official data showed on Tuesday.
Canada's Economy Seen Up January After Strong Fourth Quarter
The Canadian economy mostly likely started 2022 on strong footing, despite the impact of the Omicron variant, while fourth quarter growth came in above expectations, official data showed on Tuesday.
Wooing Intel, Italy Plans $4.6 Billion Fund To Boost Chipmaking
Italy plans to set aside more than 4 billion euros ($4.6 billion) until 2030 to boost domestic chip manufacturing as it seeks to attract more investment from tech companies such as Intel, a draft decree seen by Reuters showed on Tuesday.
Inflation-protected Funds See Big Outflows After Feverish 2021
Global inflation-protected bond ETFs have seen huge outflows this year, despite rising inflation levels, as investors prepare for price pressures to be tamed eventually by central banks.
Fed, And Powell, Face A New World Of Risk In Pivot To Tighter Policy
The U.S. Federal Reserve's plan to end the loose money policies used to fight the pandemic is facing an unexpectedly early test as the Russian invasion of Ukraine poses new economic and financial risks already being felt in global markets.
Global Factory Activity Strong In Feb But Ukraine Crisis Clouds Outlook
Factories around the world sustained a brisk recovery in February amid signs the Omicron coronavirus variant was having less of an impact, but the Ukraine crisis has rapidly emerged as a risk to supply chains and is likely to exacerbate cost pressures.
Australia's Q4 GDP Looking Even Stronger As Trade Surprises
Australia's trade performance last quarter was much less of a drag on the economy than first thought implying upside risk for growth, even as imports outstripped exports and hefty dividend payments flowed offshore.
Euro Falls To Lowest Since June 2020 As Russia's Invasion Of Ukraine Picks Up
The euro hit its lowest level against the U.S. dollar since June 2020 on Tuesday and the Russian rouble was down in volatile trading as Russia's invasion into Ukraine intensified and oil prices surged.
Euro Drops To Lowest Since June 2020 As Russia's Invasion Of Ukraine Moves Forward
The euro hit its lowest against the U.S. dollar since June 2020 on Tuesday and the Russian rouble was down in volatile trading as Russia's invasion into Ukraine intensified and oil prices surged.
Rouble Licks Wounds, Yen And Franc Hold Firm With Focus Squarely On Ukraine
The rouble stabilised somewhat on Tuesday after its crash to an all-time low, while the safe-haven yen and Swiss franc were steady after their biggest rallies in almost seven weeks with traders focused squarely on the developing crisis in Ukraine.
Rouble Sell-off Slows, Dollar Resumes Rise As Ukraine Crisis Buffets Trade
The rouble tried to regain some stability on Tuesday after its crash to an all-time low, while the U.S.
Shipping Giant Maersk Steers Clear Of Russia As Western Net Tightens
Shipping giant Maersk will temporarily halt all container shipping to and from Russia, deepening the country's isolation as its invasion of Ukraine sparks an exodus of Western companies.
Western Companies' Pullout From Russia Expected To Accelerate
More Western companies are expected to pull out of Russia on Tuesday, as corporations and investors across industries follow the lead of energy firms BP and Shell that abandoned multi-billion-dollar positions after the invasion of Ukraine.
Shipping Giants Steer Clear Of Russia As Western Net Tightens
The world's biggest shipping lines MSC and Maersk on Tuesday suspended container shipping to and from Russia, deepening the country's isolation as its invasion of Ukraine sparks an exodus of international companies.
Apple Stops Product Sales In Russia, Adding To Pressure From Shippers, Car Makers
American big brands including Apple, Google, Ford and Harley-Davidson on Tuesday stopped sales and distanced themselves from Russia because of the invasion of Ukraine, joining a growing list of companies from shippers to car makers to energy companies shunning the country.
S.Korea Exports Grew 20.6% In Feb, Beating Forecasts
South Korea's exports grew for a 16th straight month in February and at a faster pace than expected, with the trade balance in goods swinging back to the positive territory.
S.Korea Exports Growth Accelerates But Recovery May Slow On Ukraine Crisis
South Korea's trade sector swung back to a surplus in February from a record deficit a month earlier, powered by stronger-than-expected growth in exports, but the recovery faces some risks from Russia's invasion of Ukraine.
Malaysia Central Bank To Wait Until Third Quarter To Raise Rates - Reuters Poll
Malaysia's central bank will wait until the third quarter before raising interest rates from a record low to support an uneven economic recovery, according to a Reuters poll of economists who predicted higher rates by year-end than in a survey conducted in January.
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