Tensions between Russia and the West are driving oil prices, rather than the kind of fundamental fuel shortage that would justify accelerated output increases from OPEC+, UAE energy minister Suhail al-Mazrouei said on Monday.
U.S. consumers lowered their expectations for how much inflation will rise in the near-term and medium-term periods, signaling that inflation concerns may be easing, according to a survey released on Monday by the New York Federal Reserve.
A subsidiary of crypto company BlockFi Inc has agreed to pay $100 million to the U.S.
A subsidiary of crypto company BlockFi Inc has agreed to pay $100 million to the U.S.
Emerging markets must brace for monetary tightening in the United States and Europe while central banks must be clearer in their policy communication to avoid confusion, financial leaders of the world's 20 biggest economies are likely to warn this week.
Concern among investors that the U.S. Federal Reserve will fail to control inflation is helping to lift gold prices despite a sharp rise in U.S.
The rouble pulled away from its weakest mark since late January on Monday in topsy-turvy trade, attempting to recover from its sharpest drop in nearly two years on Friday, after Russia proposed more diplomacy over European security concerns.
U.S. Federal Reserve officials continued sparring over how aggressively to begin upcoming interest rate increases at their March meeting, with a final inflation reading just ahead of the two-day session taking on potentially outsized importance.
The unprecedented level of job switching seen last year as the U.S.
A bout of profit-taking ensued last week as seven-year highs in crude oil and middle distillates prices intensified concerns about inflation and the possibility of countermeasures from central banks.
A bout of profit-taking ensued last week as seven-year highs in crude oil and middle distillates prices intensified concerns about inflation and the possibility of countermeasures from central banks.
Volatility soared across markets on Monday, with a gauge of potential swings in the euro-dollar exchange rate at the highest since November 2020 and a key measure of equity swings rising to the highest in more than two weeks.
U.S. stock indexes were mixed in volatile trading on Monday amid concerns about higher interest rates, while comments from a Russian official eased worries about a possible invasion on Ukraine.
The S&P 500 and the Dow slipped in volatile trading on Monday amid concerns about higher interest rates and geopolitical tensions, while a rally in chipmakers and megacap growth names helped the tech-heavy Nasdaq outperform.
The S&P 500 index ended weaker on Monday, partly recovering from a steep late-afternoon sell-off, as U.S.
Wall Street indexes turned sharply lower on Monday, as news that the United States is closing its Kyiv embassy in Ukraine heightened geopolitical tensions and prompted a sell-off in choppy trading.
U.S. stock indexes were set to open lower on Monday amid concerns about higher interest rates, while comments from a Russian official eased worries about a possible invasion on Ukraine.
The S&P 500 index closed modestly lower on Monday, largely recovering from a sharp sell-off, as U.S.
Tourism in Turkey is set to return to near pre-pandemic levels this year, boosting the crisis-hit economy with the help of a recent currency crash that has made it a more attractive destination than ever, industry officials say.
Leading economists in and around Brazil's Workers Party are nearly united in scorn for a new law shielding the central bank from presidential influence - but there is an important voice of dissent in the party: ex-President Luiz Inacio Lula da Silva.
Hedge funds look to be on the right side of the seismic moves in Treasuries that have propelled short-dated borrowing costs higher, intensified flattening pressures across the yield curve, and ripped up the consensus 2022 U.S.
Britain's financial watchdog said on Monday it had told four 'buy now pay later' firms (BNPL) to change their contracts after identifying "potential harms" to consumers.
The United Arab Emirates and Indonesia are close to finalising a trade and investment deal after months of negotiations and could sign an agreement in March, officials from the two sides said.
The Bank of Japan successfully defended its key bond yield target on Monday, holding the line on its ultra loose monetary policy, with the 10-year government bond yield falling after the central bank pledged market support to stop rates going higher.
India's wholesale price index stayed in the double digits in January, for the 10th month in a row, as firms grapple with rising input costs and more pass on higher prices to consumers.
Vietnamese factories making everything from shoes to smartphones are expected to continue production despite record COVID-19 infections, reversing a policy of sweeping lockdowns last year that hobbled global supply chains for Western retailers.
The dollar rose on Monday along with the yen and the Swiss franc as investors rushed into safe-haven assets amid fears that Russia is preparing to invade Ukraine.
Oil eased on Monday from its highest in more than seven years as Ukraine hinted at possible concessions to Russia that could alleviate tensions between the two countries that Western governments say are on the brink of war.
Oil prices surged over 2% on Monday to their highest in more than seven years as Ukraine's president declared a "day of unity" for Feb.
Oil prices were steady on Monday after hitting their highest in more than seven years on fears that a possible invasion of Ukraine by Russia could trigger U.S.
