Euro Slips, Ruble Slumps As Russia-Ukraine Tensions Boil
The Russian ruble sank and the euro nursed sharp losses against the U.S.
Euro, Rouble Trim Earlier Losses As Russia Begins Talks With Ukraine
The euro pared some of its earlier losses on Monday, mirroring the rouble, which also trimmed some of its declines from an all-time low, after Russia said it had started talks with Ukraine.
Euro Skids, Rouble Sinks To All-time Low As West Bolsters Russia Sanctions
The rouble plunged around 30% on Monday, the euro slid almost 1% versus the dollar, and the safe-haven Swiss franc and Japanese Yen were in demand after Western nations imposed tough new sanctions on Russia for its invasion of Ukraine.
Rouble, Euro Plunge After West Steps Up Russia Sanctions; Yen Gains
The Russian rouble plunged nearly 20% to a new record low versus the dollar on Monday and the euro sank more than 1% after Western nations announced a harsh set of sanctions to punish Russia for its invasion of Ukraine https://www.reuters.com/world/india/war-with-ukraine-putin-puts-nuclear-deterrence-forces-alert-2022-02-27, including blocking some banks from the SWIFT international payments system.
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EU To Urgently Link Electricity Grid With Ukraine's
Energy ministers from European Union countries on Monday agreed to urgently link a European power system to Ukraine's grid, a move that would increase its independence from Russia following Moscow's invasion of the country.
Analysis-SWIFT Block Deals Crippling Blow To Russia; Leaves Room To Tighten
A decision by Western allies on Saturday to block "selected" Russian banks from the SWIFT payments system will inflict a crippling economic blow, but also cause much pain to their own companies and banks.
Nigeria To Offer Naira Incentives To Exporters To Repatriate Dollars
Nigeria will offer a naira incentive to exporters of semi-processed or finished goods made at home in a push to shore up the country's dollar supply, the central bank said.
Exceptions To U.S. Curbs On Russia Seen Weakening Impact
U.S. curbs on exports to Russia for invading Ukraine look tough at first glance, but exemptions on everything from mobile phones to airplane parts coupled with the difficulty of policing shipments suggest a softer economic blow.
Battered U.S. Retail Investors Bought Latest Dip, Vanda Research Says
U.S. retail investors bought stocks during Thursday's selloff, even as many of their favorite names have been battered by worries over geopolitical strife and a hawkish Federal Reserve that looks set to keep volatility elevated.
Some Investors Wary Of 'Buying The Dip' As Ukraine, Fed Gyrate Stocks
U.S. stocks drew buyers after a recent tumble, but some investors believe buying the dip this time may be a far riskier bet than in the past as markets face geopolitical strife and a hawkish Federal Reserve.
Russia-Ukraine Volatility Hits Hard Already Hammered U.S. Credit
U.S. credit markets have been churning with more volatility spurred by Russia's invasion of Ukraine, on top of uncertainty around monetary policy shifts, hurting investor returns and complicating borrowers' ability to access financing.
Exclusive-Biden To Nominate Economist Shambaugh As U.S. Treasury's International Chief
U.S. President Joe Biden intends to nominate Jay Shambaugh, a George Washington University professor and former Obama administration economic adviser, as the U.S.
Automakers Idle Production Following Russia's Invasion, Other Firms Also Scramble
Several companies, including automakers Volkswagen and Renault and tire maker Nokian Tyres, on Friday outlined plans to shut or shift manufacturing operations following Russia's invasion of Ukraine.
Venture Global To Ship First Fuel From New Louisiana LNG Plant
A liquefied natural gas tanker that has been docked at Venture Global's Calcasieu Pass export terminal in Louisiana since early February is nearly loaded, according to gas supply data, and preparing join a stream of U.S.
Grain Exporters Tap EU Supplies As War Shuts Ukraine Ports -traders
Grain exporters are looking for alternative sources of wheat and corn as a Russian invasion cuts off Ukrainian supplies, with European Union producers Romania and France being used to cover some nearby loadings, traders said on Friday.
Fed Warns Of Wage Pressures As Data Shows Inflation Still Rising
The Federal Reserve's preferred measure of inflation rose again in January and a new report from the central bank warned that price pressures could persist unless a shortage of available workers begins to ease.
Another Jump In Inflation Firms Fed Pivot To Higher Rates
The Federal Reserve's preferred measure of inflation rose again in January, likely firming the central bank's intent to raise interest rates through the year even as policymakers start to weigh the possible impact of the Russia-Ukraine conflict on the economic outlook.
Russia To Tap Rainy-day Fund As Sanctions Hit Borrowing Abilities
Russia will use money from its rainy-day fund this year to replace shortfalls caused by a forced reduction in state borrowing, which has grown more costly due to new Western sanctions, Finance Minister Anton Siluanov said on Friday.
Irish Insurers' Group Offers To Open Up Data Platform In EU Antitrust Case
Irish insurers' association Insurance Ireland has offered to open up its data sharing platform to non-members and apply fair criteria to access it in an attempt to end a near-three EU antitrust investigation and stave off a possible hefty fine.
Chile Copper Giant Codelco Profits Surge On Higher Metals Prices
Pre-tax profits for the world's largest copper producer Codelco surged to $7.4 billion in 2021 from $2.1 billion a year earlier, boosted by high global prices for the widely used metal, the Chilean state mining company said on Friday.
U.S. Offshore Wind Auction Nears $4bln On Third Day Of Bidding
The Biden's administration's sale of offshore wind development rights off the coasts of New York and New Jersey continued to shatter all records on Friday, reaching over $3.8 billion with one single block fetching over $1 billion.
U.S. Offshore Wind Auction Draws Record $4.37 Billion In Bids
The Biden administration's sale of offshore wind development rights off the coasts of New York and New Jersey drew a record $4.37 billion in high bids from developers that included major European energy companies.
U.S. Offshore Wind Auction Breaks $4bln On Third Day Of Bidding
The Biden's administration's sale of offshore wind development rights off the coasts of New York and New Jersey continued to shatter records on Friday, reaching over $4 billion with one single block fetching over $1 billion.
Treasury Yields Slip From Early Highs Despite PCE Inflation Data
U.S. Treasury yields eased from earlier highs on Friday after the Federal Reserve's preferred inflation gauge rose more than expected in January, but the market's reaction was muted as uncertainty reigned due to Russia's invasion of Ukraine.
Russian Invasion Of Ukraine Threatens To Hit Turkey's Economy
Russia's invasion of Ukraine could derail President Tayyip Erdogan's new economic programme by slashing tourism revenues seen vital to reducing the gaping current account deficit and pushing up inflation via rising energy and grains costs.
From Euro To EM: Russia's Ukraine War Upends Market Bets
Russia's invasion of Ukraine has upended several popular trades, inflicting heavy losses on investors bullish on European stocks and the euro and also those bearish on the Japanese yen and government debt.
Analysis-Geopolitical Clouds Gather Over Europe's Climate Change Plans
Soaring energy prices and a geopolitical crisis over Russia's invasion of Ukraine are looming over the European Union's attempts to agree a raft of tougher climate change laws, raising concerns that some could be delayed or scaled back.
Geopolitical Clouds Gather Over Europe's Climate Change Plans
Soaring energy prices and a geopolitical crisis over Russia's invasion of Ukraine are looming over the European Union's attempts to agree a raft of tougher climate change laws, raising concerns that some could be delayed or scaled back.
C$ Notches Weekly Gain As 'Panic Moment' Passes On Ukraine
The Canadian dollar rallied against the greenback on Friday as traders walked back some of the large moves seen the day before in reaction to Russia's invasion of Ukraine and awaited an interest rate decision next week by the Bank of Canada.
Exxon, Union Reach Tentative Return-to-work Deal For Locked-out Refinery Workers -sources
Exxon Mobil Corp and the United Steelworkers union (USW) reached a tentative agreement on the terms for workers locked out of a Beaumont, Texas, refinery for 10 months to begin returning to work in March, an Exxon spokesperson said.
Robust Consumer Spending, Core Capital Goods Orders Highlight U.S. Economic Strength
U.S. consumer spending increased more than expected in January, offering the economy a strong boost at the start of the first quarter, but price pressures continued to mount, with annual inflation surging at rates last experienced four decades ago.
China Boosts Oil Reserves, Ignoring U.S. Push For Global Release
China has ramped up purchases into its oil reserves this year even as oil prices soared, despite calls from Washington for a global coordinated stocks release to help cool the market, industry data showed and traders said.
Exclusive-China Boosts Oil Reserves, Ignoring U.S. Push For Global Release
China has ramped up purchases into its oil reserves this year even as oil prices soared, despite calls from Washington for a global coordinated stocks release to help cool the market, industry data showed and traders said.
OPEC+ Deal Seen On Track Despite Russia's Ukraine Invasion -sources
A deal among OPEC+ oil producers including Russia is showing no cracks so far after Russia's invasion of Ukraine, OPEC+ sources said, and the group is likely to stick to a planned output rise at a meeting next week despite crude topping $100 a barrel.
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