ECONOMY & MARKETS

A picture illustration shows rolled Russian rouble banknotes on a table in Warsaw, Poland, January 22, 2016.

Washington Targets Russian Debt In Sanctions Sweep

The U.S. government broadened restrictions on trading of Russian government debt on Tuesday in a bid to punish Moscow for ratcheting up its conflict with Ukraine, a move that analysts said might have a moderate impact near-term but could be a step toward harsher measures.

Traders See Inflation As 2022's Biggest Market Mover - Survey

A shipping container passes through the Suez Canal in Suez, Egypt February 15, 2022.
Inflation will have the biggest impact on global markets in 2022, traders said, while liquidity was the top daily trading challenge for a sixth year, according to an annual survey of institutional trading clients by JPMorgan published on Wednesday.

Three Fed Banks Voted To Increase Discount Rate In January

St. Louis Federal Reserve Bank President James Bullard speaks at a public lecture in Singapore October 8, 2018.
Directors at three regional Federal Reserve banks voted in January to increase the interest rate charged to commercial banks for emergency loans by a quarter of a percentage point, minutes of their discount rate meetings showed on Tuesday.
More news
An ethanol plant with its giant corn silos next to a cornfield in Windsor, Colorado July 7, 2006/File Photo

U.S. EPA Aims To Get Biofuel Blending Law On Track

The U.S. Environmental Protection Agency is ensuring its decision on the nation's biofuels law is made in a transparent way to get the law "back on track" and put the renewable fuel's use on a sustainable trajectory for growth, an agency official said on Tuesday.
A person walks down the sidewalk near the U.S. Supreme Court building in Washington, D.C., U.S., February 16, 2022.

U.S. Supreme Court Turns Away Dakota Pipeline Operator's Appeal

The U.S. Supreme Court on Tuesday turned away a bid led by Dakota Access oil pipeline operator Energy Transfer LP to avoid additional environmental review of a section that runs under an artificial lake and is opposed by nearby Native American tribes.
A person walks down the sidewalk near the U.S. Supreme Court building in Washington, D.C., U.S., February 16, 2022.

Dakota Access Pipeline Suffers U.S. Supreme Court Setback

The U.S. Supreme Court on Tuesday rejected a bid led by Dakota Access oil pipeline operator Energy Transfer LP to avoid additional environmental review of a section that runs under an artificial lake and is opposed by nearby Native American tribes, leaving the pipeline vulnerable to being shut down.
FILE PHOTO - A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., February 18, 2022.

Ukraine Tensions, Home Depot Drag Wall Street Lower

Wall Street's main indexes slumped on Tuesday as the prospect of harsh Western sanctions against Russia over its conflict with Ukraine kept investors on edge, while a near 9% drop in Home Depot also weighed.
IBTimes Logo

ADM Sets Record For Single Soybean Shipment From Northern Brazil

U.S. grains merchant Archer-Daniels-Midland Co said on Tuesday it has carried out the largest soybean shipment in the history of the Ponta da Montanha Grain Terminal (TGPM), located in the northern Brazilian city of Barcarena, as it shipped 84,802 tonnes in a single vessel.
Bank of England Deputy Governor for Markets and Banking, Dave Ramsden attends a Bank of England news conference, in the City of London, Britain November 1, 2018.   Kirsty O'Connor/Pool via REUTERS

BoE's Ramsden Sees Further Tightening, Uncertain Outlook

The Bank of England will need to raise interest rates slightly more over the coming months, but their longer-term path is hard to predict due to uncertainties including the Russia-Ukraine conflict, Deputy Governor Dave Ramsden said on Tuesday.
FILE PHOTO - U.S. President Joe Biden delivers remarks on his administration's efforts to pursue deterrence and diplomacy in response to Russia’s military buildup on the border of Ukraine, from the White House in Washington, U.S., February 18, 2022.

Biden Voices Support For New U.S. Mines, If They Don't Repeat Past Sins

U.S. President Joe Biden on Tuesday touted progress by government and private industry to boost American production of minerals used to make electric vehicles and other renewable energy products, but stressed that new mines must benefit host communities and not damage the environment.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.