Stocks rebound as traders weigh Russia sanctions; oil slips
Asian shares regained ground on Friday, following Wall Street's overnight lead as U.S.
Stocks around the world were rebounding on Friday and U.S.
Oil prices jumped on Friday by nearly 3% on concerns of global supply disruptions from the impact of trade sanctions on major crude and fuel exporter Russia after it invaded Ukraine.
Oil prices slipped Friday after sharp rises earlier in the session on concern over potential global supply disruptions from sanctions on major crude exporter Russia.
Oil prices slipped on Friday after sharp rises earlier in the session on concern over potential global supply disruptions from sanctions on major crude exporter Russia.
Oil prices slipped Friday after sharp rises early in the session on concern over potential global supply disruptions from sanctions on major crude exporter Russia.
As oil prices have risen over the last year -- including Thursday's brief surge above $100 a barrel -- companies ranging from giants like Chevron to mid-sized players such as Devon Energy have chosen to only lift capital investment modestly.
The euro edged up on Friday following Thursday's sharp declines in the wake of Russia's invasion of Ukraine.
The euro was struggling to recover from its plunge the previous day in early Asia trading on Friday, after Russia's invasion of Ukraine had hit the common European currency and sent investors scrambling to the safety of the dollar, yen and Swiss franc.
Federal Reserve Governor Christopher Waller on Thursday laid out the case for a "concerted" effort to rein in inflation, calling for raising interest rates a full percentage point by mid-year, starting with a half-percentage-point hike in March if data in coming weeks continues to point to an "exceedingly hot" economy.
Japan to sanction chip exports to Russia over Ukraine
Moderna raised its expectations based on current advance purchase agreements with governments around the world.
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Canada's biggest oil-producing province Alberta is expecting its first budget surplus since 2014/15, Finance Minister Travis Toews said on Thursday, as soaring global energy prices and increased oil output boost provincial resource revenue.
Two Goldman Sachs bankers concocted a scheme involving their wives to conceal kickbacks they received for helping to loot Malaysia's 1MDB sovereign wealth fund, one of the bankers testified on Thursday at the corruption trial of the other, Roger Ng.
The sale of Citigroup's Russian consumer bank could be complicated by U.S.
General Motors aims to turbocharge its non-vehicle revenue by introducing dozens of new fee-based digital features by 2026, including one enabling a car to predict when it will need maintenance, a top executive said on Thursday.
Elon Musk probed in US over stock trades: report
Elon Musk and his brother Kimbal are under investigation on suspicions that they violated insider trading rules last year when Elon asked Twitter followers whether or not he should sell his shares in his company.
Ukrainians can lock Facebook pages after 'kill list' fears
The well-scripted turn by global central banks towards tighter, post-pandemic monetary policy has been thrown into doubt by Russia's invasion of Ukraine, a geopolitical upheaval likely to be felt differently across the world's major economic centers.
Rivian Automotive is "making progress" in the increase of production for electric vehicles at its Normal, Illinois, assembly plant and is aiming to take 10% share in the EV market by 2030, Chief Executive Officer R.J.
Russia facing tough US sanctions, but avoids some severe steps
Hedge fund Sachem Head Capital Management has taken a stake in Anaplan Inc and may decide to press the business planning software company to make changes, two sources familiar with the matter told Reuters.
The United States on Thursday imposed sanctions on Russia in retaliation for its invasion of Ukraine, targeting its two biggest banks and members of the elite in new measures as Washington warned more action could come.
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