Reuters US Economy

By Alun John, Samuel Shen and Dhara Ranasinghe HONG KONG/SHANGHAI/LONDON (Reuters) – What seemed like a tail risk event for world markets just a few weeks back became reality on Thursday as Russia’s attack on Ukraine generated a fresh wave of uncertainty and sent money managers scrabbling to assess the investment implications. Oil prices broke …

Once a tail risk, now a real risk, Ukraine deals investors a ‘gut check’ Read More »

BERLIN (Reuters) – Cutting off Russia from the SWIFT global interbank payment system should not be part of the second EU sanctions package against Russia that EU leaders will decide upon at a meeting on Thursday in Brussels, German Chancellor Olaf Scholz said. “It is very important that we agree those measures that have been …

Russia should not be cut off from SWIFT at the moment – Germany’s Scholz Read More »

By Howard Schneider and Jonnelle Marte (Reuters) – U.S. Federal Reserve officials on Thursday began taking stock of how the unfolding conflict in Ukraine might influence the economy and their planned shift to tighter monetary policy, with investors and some officials suggesting it could slow but likely not stop a planned round of interest rate …

Fed tightening plans now contending with war, possible oil shock Read More »

ATHENS (Reuters) – Prime Minister Kyriakos Mitsotakis said on Thursday that Greece has secured energy supplies after Russia launched a full-scale invasion of Ukraine. “We are working on scenarios which have to do with the biggest possible absorption of fluctuations in energy prices,” Mitsotakis said. (Reporting by Angeliki Koutantou)

By Jeff Mason WASHINGTON (Reuters) -The United States on Wednesday imposed sanctions on the company in charge of building Russia’s Nord Stream 2 gas pipeline, expanding penalties on Moscow after it recognized two breakaway regions in eastern Ukraine. The sanctions, which target the Nord Stream 2 AG company and its CEO, Matthias Warnig, add to …

U.S. slaps sanctions on company building Russia’s Nord Stream 2 pipeline Read More »

WASHINGTON (Reuters) – Poorer Americans are seeing the benefit from strong U.S. economic growth, the Biden administration said on Wednesday, citing research suggesting that COVID stimulus and other measures may have eased inequality. Researchers at the University of California, Berkeley, used new tools to evaluate growth in national income, and their data showed the economy …

Biden team sees progress shifting economic gains to the poor Read More »

(Reuters) – Poland’s registered unemployment rate rose to 5.5% in January compared with 5.4% in December, statistics office data showed on Wednesday, below analysts’ expectations of 5.6%. The statistics office also said that the number of registered unemployed was 927,100 last month. Separately, the statistics office said the unemployment rate as measured by the Labour …

Poland’s unemployment rate rises to 5.5% in January Read More »