Argentina, already battling annual inflation running at over 50%, is braced for prices heating up further due to spiking global commodities costs that are being exacerbated by the Russian invasion of Ukraine.
Argentina's monthly inflation rocketed to 4.7% in February, the state statistics agency said on Tuesday, the highest since March 2021 and far above forecasts as the South American country's president promised a "war" against spiraling prices.
In times of crisis, not much in financial markets roars "safe haven" louder than the Japanese yen.
U.S. producer prices increased solidly in February as the cost of goods like gasoline surged, and further gains are in the pipeline following Russia's war against Ukraine, which has made crude oil and other commodities more expensive.
U.S. producer prices increased solidly in February as the cost of goods like gasoline surged, and further gains are in the pipeline following Russia's war against Ukraine, which has made crude oil and other commodities more expensive.
Gold extended its slide on Tuesday as ceasefire talks between Russia and Ukraine reduced demand for safe-haven assets, while bets that the U.S.
U.S. stocks gained ground on Tuesday as oil prices extended declines, while investor focus was squarely on the Federal Reserve's two-day meeting where policymakers are widely expected to raise interest rates.
Wall Street's main indexes climbed on Tuesday as oil prices extended declines and data showed a softer-than-expected rise in producer prices, with investors remaining focused on the outcome of the Federal Reserve's two-day policy meeting.
U.S. stocks rallied on Tuesday, with the S&P 500 poised to snap a 3-day streak of declines as another drop in oil prices and a softer-than-expected reading on producer prices helped ease inflation fears among investors who are now focused on the Federal Reserve's upcoming policy announcement.
U.S. stocks rallied on Tuesday and the S&P 500 ended a 3-day skid as another drop in oil prices and a softer-than-expected reading on producer prices helped ease inflation fears among investors, with the focus turning to the Federal Reserve's upcoming policy announcement.
New economic projections from the Federal Reserve this week will show how far and how fast policymakers see interest rates rising this year, in a first test of the impact of the Ukraine war and surging inflation on the coming shift in U.S.
Several of Wall Street's biggest banks are planning on keeping a limited presence and holding on to banking licenses in Russia for the foreseeable future, even as they wind down their broader operations in the country, sources at those banks said.
Britain said on Tuesday it would ban the export of luxury goods to Russia and impose a new 35% tariff on 900 million pounds ($1.2 billion) worth of Russian imports, including vodka, metals, fertilisers and other commodities.
Britain imposed sanctions on hundreds of Russian individuals and entities on Tuesday, using a new law to catch up with the European Union and United States in targeting people accused of propping up Russian President Vladimir Putin.
European stocks fell more than 2% on Tuesday, with commodity-linked sectors leading the losses, as concerns about surging coronavirus cases in China added to nerves ahead of a widely expected U.S.
Britain's unemployment rate dropped below its pre-pandemic rate in the three months to January while pay rose faster than expected, according to official figures that are likely to bolster the Bank of England's plans to raise interest rates.
Sri Lanka will start official talks with the International Monetary Fund (IMF) next month, a cabinet spokesman said on Tuesday, as the government seeks to stave off the island nation's worst economic crisis in years amid growing protests.
Opposition leaders led a march of hundreds of protesters through Sri Lanka's main city of Colombo on Tuesday as anger grows over a worsening economic crisis that has brought fuel shortages and spiralling food prices.
China's economy perked up in the first two months of 2022, with key indicators all exceeding analysts' expectations, although a surge in Omicron cases, property weakness and heightened global uncertainties are weighing on the outlook.
The three main Wall Street stock indexes rallied on Tuesday, a day before an expected interest rate hike by the U.S.
The U.S. dollar index recovered after falling on Tuesday as volatile oil prices impacted the euro and markets grappled with the significance of talks between Russia and Ukraine and indications that COVID lockdowns will crimp economic growth in China.
Japan will closely watch exchange-rate moves as market stability was "very important," Finance Minister Shunichi Suzuki said on Tuesday in the wake of the yen's decline to a five-year low against the dollar.
A default on Russia's sovereign debt would add further pain to Russia's economy and financial system, making it harder for Moscow to find new lending sources and raising future borrowing costs, a U.S.
In a rare public warning, the U.S. Securities and Exchange Commission on Monday told broker-dealers and other market participants to "remain vigilant to market and counterparty risk" amid heightened volatility and global uncertainties.
Brazil's federal government plans to announce on Thursday a program providing some 165 billion reais ($32 billion) of economic stimulus during the current election year, three people familiar with the plan told Reuters.
U.S. consumers upped their outlook for where inflation will be a year from now and in three years time, and they expect to spend substantially more on food, gas and rent in the next 12 months, according to a survey released on Monday by the New York Federal Reserve.
India's annual retail inflation in February for a second consecutive month exceeded 6%, above the central bank's tolerance limit, while economists said policy rates were unlikely to rise soon given worries over economic recovery.
Palladium slumped nearly 17% in a sharp correction after rallying to an all-time high on the Ukraine crisis, as worries eased that supplies of the autocatalyst metal from top producer Russia may be hit.
Sri Lanka's finance minister held talks with a top International Monetary Fund (IMF) official on Monday, two sources said, as the island nation seeks help to deal with its plunging reserves, a sliding currency and surging inflation.
Gains in financial and healthcare shares bolstered the three main U.S.
