The U.S. Congress on Thursday gave final approval of legislation funding the government through March 11, avoiding the embarrassing spectacle of federal agencies having to shut many of their operations amid the Russia-Ukraine crisis.
U.S. distillate fuel oil stocks are on course to fall critically low between now and the middle of the year, creating conditions for a potential spike in both crude and fuel prices, unless demand from freight firms falls.
The Canadian dollar was little changed against its safe-haven U.S.
Europe's liquefied natural gas (LNG) terminals have limited available capacity to absorb extra supply from the United States or other major producers in the event gas from Russia is disrupted if it invades Ukraine.
(This February 17 story corrects first line to say five million tonnes per annum, not cumulative)
Asian refiners, traditionally big buyers of Iranian oil, are keen to resume imports from Iran if there is an agreement to revive a 2015 nuclear deal, which could pave the way for more supply on global markets and soften prices.
Spot premiums for crude oil produced in Europe and the Middle East have rocketed to record highs this month, tracking a rally in global prices as refiners snap up supplies and producers struggle to ramp up output to meet rising demand.
Goldman Sachs will on Thursday update its main financial targets and detail growth plans for the next three to five years, hoping to win over investors yet to be convinced by its long-term strategy.
Inflation estimates for Colombia this year rose and predictions of interest rate rises quickened among analysts polled in a central bank survey.
Minneapolis Federal Reserve Bank President Neel Kashkari said Thursday that he and his family had COVID-19 earlier this year, and the experience drove home for him that it will take some time for the economy to get back to normal.
Ecuador's mining exports in 2021 nearly doubled in value from the previous year to $2.09 billion, beating government expectations, the Ministry of Energy said on Wednesday.
The chairman of Italy's biggest insurer, Generali, plans to step down in April after 11 years in the job, saying that current tensions among investors were a source of regret.
Jana Partners has nominated four directors to the board of Zendesk, arguing the company must be rehabilitated after an unpopular attempt to buy Momentive Global, parent of web-survey company SurveyMonkey, according to a letter seen by Reuters.
Headline inflation has moved above central bank targets in most Group of 20 economies despite weaker growth momentum and remains a "significant risk," but rising prices should moderate gradually in most economies this year, the IMF said Wednesday.
Ivory Coast plans to commit more than $20 million to helping cashew processors struggling against competition from Asia and to boost the percentage of the crop that gets processed in the country, a government source told Reuters.
The Canadian dollar strengthened against its U.S. counterpart on Wednesday as oil prices rose and domestic data showed inflation further heating up in January.
When Walmart on Thursday reports how it fared during the holiday quarter, investors also will want to see how higher labor, transportation and materials may affect the retailer's margins, given its "Everyday Low Price" strategy.
U.S. retail sales increased by the most in 10 months in January, lifting the level of sales to a record high amid a surge in purchases of motor vehicles and other goods, but higher prices could limit the boost to economic growth this quarter.
President Tayyip Erdogan's government is hoping that Turks will endure soaring living costs for just a few more months before inflation begins easing and tourists arrive, helping the economy leave a winter currency crisis behind.
Canada's annual inflation rate accelerated again in January to hit a fresh 30-year high at 5.1%, as food and housing costs continued to rise, official data showed on Wednesday, bolstering the case for a steady series of interest rates hikes.
Canada's annual inflation rate accelerated again in January to hit a fresh 30-year high at 5.1%, as food and housing costs continued to rise, Statistics Canada said on Wednesday.
Wall Street bounced off session lows Wednesday with the S&P 500 crossing into positive territory by the closing bell after the U.S.
U.S. stocks fell on Wednesday, with the tech-heavy Nasdaq leading losses after stronger-than-expected retail sales data gave the Federal Reserve more ammunition to tighten policy, while geopolitical tensions over Russia and Ukraine added to caution.
Wall Street bounced off session lows Wednesday with the S&P 500 crossing into positive territory by the closing bell after the U.S.
The risk of material credit rating pressures from the current tensions between Russia and Ukraine is low, Moody's said on Wednesday, unless the situation continues for an extended period or escalates to other countries.
Possible western sanctions against Russian banks will lead to a spike in market volatility but Russia will be able to withstand restrictions thanks to abundant reserves, Finance Minister Anton Siluanov said on Wednesday.
Canada's main stock index fell on Wednesday, after domestic data showing the annual inflation rate accelerated in January raised fears of quicker interest rate hikes and as Shopify Inc's dismal forecast dented sentiment.
Banks and financial advisers in Britain have called for more time to introduce a new 'duty of care', a landmark change in consumer protection to combat mis-selling and scams.
Paraguay's soybean crushing industry will run out of beans to process by the middle of the year due to a drought hammering production, the country's trade industry body told Reuters, adding it was in talks to import beans for the first time ever.
Lithuania's central bank has told the country's banks to prepare for power cuts and cyberattacks as Russia's standoff with Ukraine risks spilling over into a military conflict, according to a document and two sources familiar with the matter.
