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.
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.
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.
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.
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.
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.
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.
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 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.
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 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.
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.
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.
The European Parliament's lead negotiator has proposed tougher EU targets to reduce energy use this decade, which he said would help cut Europe's dependence on imported fossil fuels and rein in energy bills.
The sweeping restrictions imposed on Russia to block its access to global exports of goods from chips to computers and electronics are likely to accelerate China's own push for self-reliance in the semiconductor industry, analysts said.
The Dow and the S&P 500 index rose on Friday, building on a rally in the previous session after the Kremlin said Russian President Vladimir Putin is ready to send a delegation to Minsk for negotiations with Ukraine.
U.S. stock indexes were set for a higher open on Friday, building on a late rally in the previous session, as investors scrambled for bargains while closely monitoring the raging battle in Ukraine.
U.S. stocks jumped for a second day on Friday with the Dow up more than 2% in afternoon trading, rebounding from the recent sharp selloff leading up to Russia's invasion of Ukraine.
The Dow on Friday registered its biggest daily percentage gain since November 2020 with the market rebounding for a second day from the sharp selloff leading up to Russia's invasion of Ukraine.
The three largest U.S. drug distributors and drugmaker Johnson & Johnson have agreed to finalize a proposed $26 billion settlement resolving claims by states and local governments that they helped fuel the U.S.
Canada's main stock index on Friday notched its biggest gain in nearly four weeks as investors looked past Russia-Ukraine uncertainty amid optimism that an energy crisis could be averted.
Canada's main stock index rose on Friday, tracking global markets, and boosted by encouraging corporate earnings from Canadian Imperial Bank of Commerce and National Bank of Canada.
Indian bond yields rose while the rupee fell on the week as Russia's invasion of Ukraine weighed on investor sentiment, while the Indian government's decision to go ahead with the last scheduled debt sale for the year also hurt bonds.
Bank of England policymaker Catherine Mann said she voted for a half percentage point rise in interest rates this month because she saw little sign that public's price expectations were easing, which risked causing inflation to stay too high.
India plans to pay in rupees for its first long-term urea import deal with Iran to hedge itself from global supply disruptions, higher prices and forex volatilities, sources familiar with the matter said, complicated now by Russia's invasion of Ukraine.
U.S. wheat futures tumbled on Friday in a profit-taking setback after peaking earlier at the highest level since mid-2008 as investors turned back to equities and traders assessed potential disruption to supplies from Russia's invasion of Ukraine.
The European Central Bank's chief economist Philip Lane has told fellow policymakers that the Ukraine conflict may reduce the euro zone's economic output by 0.3%-0.4% this year, four people close to the matter told Reuters.
Russia's invasion of Ukraine will slow European economic growth this year through higher energy prices and lower business confidence and to some extent trade, but the European Union is ready for it, top EU finance officials said on Friday.
India is exploring ways to set up a rupee payment mechanism for trade with Russia to soften the blow on New Delhi of Western sanctions imposed on Russia after its invasion of Ukraine, government and banking sources said.
Europe's main stocks index bounced off 9-month lows on Friday following a late rally on Wall Street as investors hunted for bargains after a bruising sell-off this week as Russia invaded Ukraine.
