(Corrects to say countered support, not pressure, from safe-haven demand) By Asha Sistla (Reuters) – Gold held ground on Wednesday after rising to a 19-month peak in the last session, as a stronger dollar and higher Treasury yields countered support from safe-haven demand stemming from the Ukraine crisis. Spot gold was flat at $2,053.99 per …
Gold flat as firmer dollar, yields offset Ukraine worries Read More »
By Elizabeth Dilts Marshall NEW YORK (Reuters) – Global share markets fell on Tuesday as oil prices climbed yet further, driven by the United States banning Russian oil and other energy imports over Moscow’s invasion of Ukraine. U.S. President Joe Biden made the announcement on Tuesday, while Britain said it would phase out imports of …
Global shares fall, oil rises in volatile trading after Russia oil ban Read More »
By Bozorgmehr Sharafedin LONDON (Reuters) – The U.S. ban on Russian oil and gas imports is likely to leave more cargoes at sea with no buyers, and the European Union’s decision to continue imports was unlikely to make much difference to disarray in Russian oil trade, analysts said on Tuesday. U.S. President Joe Biden on …
U.S. sanctions on Russian oil to leave more cargoes at sea with no buyers Read More »
By John McCrank and Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The euro on Tuesday climbed from 22-month lows against the U.S. dollar hit the previous session, lifted in part by expectations that the euro zone will increase fiscal spending to help offset the economic effects of Russia’s invasion of Ukraine. Investors were also hesitant to sell …
Euro advances from 22-month lows on EU bond issuance report Read More »
By Brijesh Patel (Reuters) – Gold on Tuesday extended its blistering rally towards an all-time high as investors made a beeline for the traditional safe haven on mounting fears about the Ukraine crisis and the impact of a possible ban on Russian oil by the United States and Britain. Meanwhile, worries over a palladium supply …
Gold heads for record peak as Ukraine, inflation risks mount Read More »
(Reuters) – The Russia-Ukraine crisis will dent global growth as oil and commodity prices soar, but the hit will be somewhat cushioned by China’s push for economic stability and the strength of the U.S. labor market, Citigroup analysts said. Oil and other commodity prices have sky-rocketed and markets have been heavily volatile since Russia’s invasion …
China’s economic stability can support global growth amid Ukraine crisis- Citigroup Read More »
By Rama Venkat BENGALURU (Reuters) – Indian shares extended their losses on Tuesday as a steep rise in oil prices fanned fears of runaway inflation and slowing economic growth. With oil prices already hitting their highest since 2008, Moscow warned a Western ban on Russian oil imports could only more than double the price to …
Indian shares slip as oil price surge stokes inflation worries Read More »
MUMBAI (Reuters) – An Indian court has cleared the path for Future Enterprises’ stake sale in its general insurance joint venture with Italy’s Generali, an exchange filing showed on Monday. A Mumbai city court late last month put on hold Future’s planned sale of its 25% stake in Future Generali India Insurance Company to Generali …
Future Enterprises gets court nod for stake sale in Generali insurance venture Read More »
(Reuters) – Citigroup Inc’s commercial banking unit will hire 900 staff over the next three years, a large part of which will be for the U.S. bank’s Asia Pacific business, as it plans to fast-track growth. The U.S. lender said on Monday that along with launching in new markets and expanding its digital capabilities, the …
Citi plans 900 hires for commercial banking unit over three years Read More »
By Liz Hampton and Arathy Somasekhar HOUSTON (Reuters) – Officials from the Organization of the Petroleum Exporting Countries (OPEC) met U.S. shale oil company executives on the sidelines of the CERAWeek conference in Houston on Monday as energy prices soared over supply concerns. It was at least the fourth time since 2017 that U.S. shale …
OPEC meets with U.S. shale executives as oil prices skyrocket Read More »
