The United States will address potential gaps in tough sanctions imposed on Russia over its invasion of Ukraine, U.S.
Capital Group Companies Inc, one of the world's largest investment management companies, known for its American Funds mutual funds, had billions in exposure to Russian companies that have been either sanctioned or curbed by the United States over Russia's invasion of Ukraine, according to the latest data on the fund's website.
Overseas investors in Russia have tens of billions invested in the country's stocks and bonds, according to Morningstar data.
Mexico's central bank on Wednesday said pandemic shocks on inflation have been deeper and longer lasting than expected, and the bank could not rule out new price pressures caused by Russia's invasion of Ukraine.
Investment firm Saddle Point privately nominated four directors to the board of Curtiss-Wright Corp, arguing the company's stock is undervalued because it lacks a strategic focus and its earnings power is obscured by its noncore industrials business, some of which ought to be divested.
U.S. Treasury Secretary Janet Yellen said on Wednesday that the United States and Western allies have immobilized half of the assets of the Russian central bank and will continue to impose "severe consequences" on Russian President Vladimir Putin and the wealthy oligarchs who support him if he escalates his war in Ukraine.
Bank of England Deputy Governor Jon Cunliffe said the crisis triggered by Russia's invasion of Ukraine would add to risks in financial markets which have already been made volatile by a shift to higher interest rates.
Supplies of Russian liquefied natural gas (LNG) to Europe have been disrupted by uncertainty over whether ships can discharge cargoes at European ports due to sanctions imposed on Moscow, according to ship tracking data and trade sources on Wednesday.
Royal Bank of Canada, Toronto-Dominion Bank and Bank of Montreal said on Wednesday they will raise their prime lending rates for the first time since October 2018, after the Bank of Canada hiked its benchmark rate by 25 basis points.
Royal Bank of Canada will increase its prime rate to 2.7% from 2.45%, Canada's biggest bank said on Wednesday, after the central bank raised its benchmark rate by 25 basis points.
Disruptions to Russian oil exports intensified on Wednesday with more countries and companies refusing to import and transport Russian crude and at least 10 tankers failing to find buyers, driving oil and gas prices higher.
Oil prices jumped to near eight-year highs and wheat to 14-year peaks, while aluminium, Dutch gas and European coal prices hit records as Western sanctions on Russia over its invasion of Ukraine disrupted Russian commodities exports.
German oil and gas firm Wintershall Dea said on Wednesday it would stop payments to Russia and write off its 1 billion euro ($1.1 billion) financing in the Nord Stream 2 gas pipeline, which was suspended last week.
The European Union laid out plans on Tuesday to cut its reliance on Russian gas by two-thirds this year and end it "well before 2030", in a bid to wrest countries free from depending on Moscow for energy.
Coffee traders are seeking advance payment in any new deal to sell beans to Russia as Western sanctions hit the financial system of the world's sixth largest importer.
Federal Reserve Bank of Chicago President Charles Evans on Wednesday said "extremely" high inflation poses "quite a risk" to economic growth, and the U.S.
Barber Franklin Iriarte had to get creative to survive when Venezuela, reeling from a long-running economic collapse, imposed a nationwide quarantine during the COVID pandemic.
With much of Moscow's $640 billion reserves under lock and key in the West and sanctions crippling cross-border capital flows, investors fear Russia may be heading for its first ever default on sovereign hard currency debt.
U.S. private employers hired more workers than expected in February and data for the prior month was revised sharply higher to show strong job gains instead of losses, aligning with other reports that have painted an upbeat picture of the labor market.
U.S. private employers hired more workers than expected in February and data for the prior month was revised sharply higher to show strong job gains instead of losses, aligning with other reports that have painted an upbeat picture of the labor market.
The Federal Reserve will move forward with plans to raise interest rates this month to try to tame high inflation, but the outbreak of war in Ukraine has made the outlook "highly uncertain" for U.S.
The Federal Reserve will move forward with plans to raise interest rates this month to try to tame high inflation, but the outbreak of war in Ukraine has made the outlook "highly uncertain" for U.S.
Federal Reserve Chair Jerome Powell said on Wednesday he would support a 25-basis-point interest rate hike at the U.S.
Federal Reserve Chair Jerome Powell said on Wednesday he was "inclined to propose and support a 25-basis-point rate hike" at the U.S.
Federal Reserve Chair Jerome Powell, balancing high U.S.
U.S. house prices are set to climb in double digits this year even as the Federal Reserve embarks on its expected series of interest rate hikes, according to a Reuters poll of property analysts who forecast a sellers' market for another two years.
U.S. Treasury Secretary Janet Yellen travels to Chicago on Wednesday to amplify President Joe Biden's State of the Union messages on punishing Russia for its invasion of Ukraine and advance his economic agenda, including investments in child care, education and clean energy.
The United States is preparing a sanctions package targeting more Russian oligarchs as well as their companies and assets, two sources familiar with the matter said on Wednesday, as Washington steps up pressure on Russian President Vladimir Putin over Moscow's invasion of Ukraine.
Wall Street ended sharply higher on Wednesday after Federal Reserve Chair Jerome Powell signaled the central bank would likely raise interest rates less than some investors had feared.
Wall Street surged on Wednesday after Federal Reserve Chair Jerome Powell signaled the central bank would likely raise interest rates less than some investors had feared.
