ECONOMY & MARKETS

Kuwait's government owes 2.35 billion dinars ($7.78 billion) in late payments to public entities, according to the finance ministry, in a sign of a deepening cash crunch the oil-exporting nation has faced since the start of the coronavirus pandemic.

Natural gas flowed east in reverse mode through the Yamal-Europe pipeline on Tuesday, while President Vladimir Putin pledged Russia would continue to deliver uninterrupted supplies to world markets amid an escalating crisis in Ukraine.

Ukraine wants to launch talks with the International Monetary Fund on a new programme in April to reassure markets that have been rattled by tensions with Russia, Central Bank Governor Kyrylo Shevchenko told Reuters.

U.S. President Joe Biden on Tuesday touted progress by government and private industry to boost American production of minerals used to make electric vehicles and other renewable energy products, but stressed that new mines must benefit host communities and not damage the environment.

U.S. President Joe Biden on Tuesday plans to tout progress by government and private industry to boost American production of minerals used to make electric vehicles, cell phones, weaponry and a range of related electronics, the White House said.

European banks on Tuesday were bracing for the fallout from fresh global sanctions as the Ukraine crisis escalated, although U.S.

Investors are reviving one of the most unprofitable wagers of the past two decades and betting that a combination of politics and price pressures would prompt the unthinkable: a hawkish shift at the Bank of Japan, perhaps as soon as the summertime.

European shares ended flat on Tuesday as gains in auto and travel shares were offset by geopolitical risks, with some Western countries imposing sanctions on Russia after it ordered troops into two breakaway regions of eastern Ukraine.

European shares hit seven-month lows on Tuesday before recouping some losses, pressured by the prospect of harsh sanctions against Russia, which has ordered troops into two breakaway regions of eastern Ukraine.

European Union sanctions on Russia could include putting hundreds of politicians and officials on black lists, a ban on trading in Russian state bonds and an import and export ban on separatist entities, EU diplomats and officials said on Tuesday.

Escalating tensions between global crop heavyweights Russia and Ukraine are likely to force wheat, corn and sunflower oil buyers to seek alternative shipments, driving up world food prices already near multi-year highs, analysts and traders said.

Britain on Tuesday imposed sanctions on Gennady Timchenko and two other billionaires with close links to Vladimir Putin after the Russian president deployed military forces into two breakaway regions of eastern Ukraine.

Britain on Tuesday imposed sanctions on Gennady Timchenko and two other billionaires with close links to Vladimir Putin after the Russian president deployed military forces into two breakaway regions of eastern Ukraine.

Britain on Tuesday imposed sanctions on Gennady Timchenko and two other billionaires with close links to Vladimir Putin after the Russian president ordered troops to two breakaway regions in eastern Ukraine.

Britain on Tuesday slapped sanctions on Gennady Timchenko and two other billionaires with close links to Vladimir Putin after the Kremlin chief ordered the deployment of troops to two breakaway regions in eastern Ukraine.

Britain on Tuesday slapped sanctions on five Russian banks and three men, including Gennady Timchenko, who have close links to Vladimir Putin after the Kremlin chief ordered the deployment of troops to two breakaway regions in eastern Ukraine.

Fast-rising inflation is pushing up the British government's debt interest bill sharply and limiting finance minister Rishi Sunak's options to ease a cost-of-living squeeze in a tax and spending announcement next month.

The rouble rebounded from a near two-year low and shares in major Russian banks leapt on Tuesday after Britain announced the first but relatively modest sanctions after Moscow recognised two breakaway regions in eastern Ukraine as independent.

The rouble hit a near two-year low and Russian stocks slumped on Tuesday as President Vladimir Putin ordered the deployment of troops to two breakaway regions in eastern Ukraine after recognising them as independent.

The Indian government may hold more debt auctions after its last scheduled tender for the fiscal year on Friday, two people familiar with the matter said, to take advantage of the relatively low cost of borrowing.

India's government may conduct more debt auctions after its last scheduled tender for the fiscal year on Friday, two people familiar with the matter said, to take advantage of the relatively low cost of borrowing.

Western nations on Tuesday punished Russia with new sanctions for ordering troops into separatist regions of eastern Ukraine and threatened to go further if Moscow launched an all-out invasion of its neighbour.

U.S. President Joe Biden on Tuesday revealed new sanctions on Russian elites and two banks as the West tries to stop an all-out invasion of Ukraine by punishing Moscow for ordering troops to two separatist regions it has recognised.

U.S. President Joe Biden announced on Tuesday new sanctions in retaliation for Russia recognising two breakaway regions of Ukraine and sending troops there, adding to Western efforts to stop what they fear is the beginning of a full-scale invasion.

U.S. President Joe Biden announced on Tuesday new sanctions in retaliation for Russia recognising two breakaway regions of Ukraine and sending troops there, adding to Western efforts to stop what they fear is the beginning of a full-scale invasion.

After work in the evenings, Nicola Frape turns off the heating and huddles under a blanket with her daughter and a hot water bottle.

The Bank of Korea will leave rates on hold on Thursday after back-to-back hikes at the previous two meetings, according to economists in a Reuters poll who said elevated inflation would lead it to resume raising borrowing costs next quarter.

The U.S. dollar dipped slightly against a basket of major currencies on Tuesday amid choppy trade spurred by developments in Ukraine after Russian President Vladimir Putin recognized two breakaway regions in the country and ordered troops to the area.

The U.S. dollar was slightly lower against a basket of major currencies on Tuesday in choppy trade, getting whipsawed by developments in Ukraine a day after Russian President Vladimir Putin recognized two breakaway regions in the country and ordered troops to the area.