Oil prices plunged as much as 17% after media reports said OPEC producers United Arab Emirates and Iraq said they would support increased production, potentially offsetting some of the supply disruptions caused by sanctions on Russian oil after its invasion of Ukraine.
Oil fell to around $125 a barrel on Wednesday as some investors took the view that the U.S.
Oil fell over 5% to around $121 a barrel on Wednesday as some investors took the view that the U.S.
Oil rose towards $130 a barrel on Wednesday, supported by concern of a potential supply shock as the United States banned Russian oil imports and amid signs that some buyers are already steering clear.
Oil slipped towards $125 a barrel in volatile trading on Wednesday as investors assessed the U.S.
Oil prices firmed on Wednesday over fears of a potential supply shock as the United States banned Russian oil imports, and amid signs that some buyers are already shunning them.
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Crude oil prices jumped again on Wednesday while Asian stocks struggled for footing as investors assessed the impact of the worsening conflict in Ukraine and a new U.S.
Global stock markets rallied in Europe and North America on Wednesday after three straight days of selling, and oil prices retreated from the peaks scaled over the last week after the United Arab Emirates pledged to boost its oil supply.
Crude oil prices jumped while Asian stocks regained their footing on Wednesday as investors assessed the impact of a worsening conflict in Ukraine and a new U.S. ban on Russian oil.
The new boss of Salvatore Ferragamo aims to boost sales by revitalising its product offer, though the Italian luxury group said the war in Ukraine and the lingering pandemic in some areas meant it could not give an outlook for 2022.
Japan is unlikely to slide into stagflation, a condition where rising inflation and shrinking economic growth co-exist, a senior central bank official said on Wednesday.
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The global platinum market was hugely oversupplied in 2021, the World Platinum Investment Council (WPIC) said on Wednesday as it predicted another large surplus of the metal this year.
U.S. officials have demanded Venezuela supply at least a portion of oil exports to the United States as part of any agreement to ease oil trading sanctions on the OPEC member nation, two people close to the matter said.
Investors managing $2.4 trillion are calling on Credit Suisse to take tougher climate action, including cutting its exposure to fossil fuel assets.
Moderna made the announcement on Monday, which will open up COVID-19 vaccine availability to at least 92 low- to middle-income countries.
Tesla Inc defended the safety benefits of its advanced driver assistance system Autopilot and its Full Self-Driving (FSD) capability but acknowledged they require "constant monitoring and attention of the driver."
Britain said on Tuesday it would force Google, Facebook, Twitter and other online platforms to prevent paid-for fraudulent adverts after calls from regulators and consumer groups for a stronger crackdown on scams.
Italy's second-biggest bank UniCredit said a full write-off of its Russian business, including cross-border exposure, would cost around 7.4 billion euros ($8.1 billion), leaving its capital distribution plans hanging by a thread.
A senior Netflix Inc executive said on Tuesday the company had no current plans to offer a streaming option that included advertising but declined to rule it out in the future.
The current economy is showing signs of repeating a pattern from the 1970s.
U.S. shale producers are unlikely to replace banned Russian oil imports due to a shortage of oilfield materials, equipment and labor and a dwindling backlog of wells waiting to be completed, energy executives and analysts said on Tuesday.
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An auditor has questioned SoftBank's bookkeeping at the French unit that designed its Pepper robot, documents show, casting doubt on the Japanese firm's treatment of a subsidiary it is now trying to sell as the venture has floundered.
Twenty-two states urged a U.S. appeals court to uphold new federal rules to reduce vehicle emissions by 28.3% through 2026, after other states and industry participants challenged the planned changes.
The United States and its allies will look for ways to impose sanctions on companies under Russian metals and telecoms tycoon Alisher Usmanov's control without raising the price of commodities, a U.S.
A rate hike cycle that started last year and low valuations had already made Latin America a darling destination for investors in 2022, and the Russian invasion of Ukraine is likely to keep cash flowing to the commodity-exposed region.
Starbucks says it will suspend operations in Russia