IBT Staff Reporter

Benchmark Brent crude oil prices climbed close to $120 a barrel on Thursday, with Russian oil exports disrupted as traders try to avoid becoming entangled in sanctions.

Oil prices climbed to almost $120 a barrel on Thursday, their highest in nearly a decade, as sanctions disrupted Russian oil sales but the rally lost some of its fizz on rising prospects for an Iran nuclear deal that could add extra supplies.

Oil steadied after hitting prices not seen in roughly a decade on Thursday, as sellers jumped in on hopes that the United States and Iran will agree soon to a nuclear deal that could add barrels to a badly undersupplied market.

Oil eased after hitting prices not seen in roughly a decade on Thursday, as sellers jumped on hopes that the United States and Iran will agree soon on a nuclear deal that could add barrels to a badly undersupplied market.

Oil slid 2% on Thursday, after hitting prices not seen in a decade, as sellers jumped on hopes the United States and Iran will agree soon on a nuclear deal that could add barrels to a tight global market.

A Tokyo court on Thursday handed former Nissan Motor executive Greg Kelly a six-month suspended sentence for helping Carlos Ghosn hide pay from regulators, paving the way for the American lawyer to return home after more than three years in Japan.

The euro was pinned near a 21-month low on Thursday by worries that Russia's invasion of Ukraine will hurt European growth, while commodity currencies hit multi-week highs as export prices surged.

The euro was pinned near a 21-month low on Thursday by worries that Russia's invasion of Ukraine will hurt European growth, while commodity currencies hit multi-week highs as export prices surged.

The euro slid to its lowest level in almost six years against Britain's pound and was pinned near 21-month lows versus the dollar as a fresh surge in energy prices heightened worries about the euro area economic outlook.

The euro slid to its lowest level in almost six years against Britain's pound and was pinned near 21-month lows versus the dollar on Thursday, as a fresh surge in energy prices heightened worries about the euro area economic outlook.

Russia's invasion of Ukraine entered its second week on Thursday an apparent tactical failure so far, with its main assault force stalled for days on a highway north of Kyiv and other advances halted at the outskirts of cities it is bombing into wastelands.

Russia's invasion of Ukraine entered its second week on Thursday with its main assault force halted north of the capital Kyiv and several cities enduring heavy Russian bombing.

Ukraine said it would call for humanitarian corridors for its besieged citizens at peace talks with Russia on Thursday, as war entered its second week with Ukrainian cities surrounded and under bombardment.

Russian and Ukrainian negotiators met on Thursday and Kyiv said it would call for a ceasefire and humanitarian corridors to evacuate its besieged citizens, as the war entered its second week with Ukrainian cities surrounded and under bombardment.

Ukrainian negotiators at talks with Russian officials on Thursday demanded a ceasefire and humanitarian corridors to evacuate besieged citizens as Moscow's invasion forces surrounded and bombarded Ukrainian cities.

Russia and Ukraine have agreed on the need to set up humanitarian corridors and a possible ceasefire around them for Ukrainian civilians fleeing the war, negotiators for both sides said following talks on Thursday.

Russia and Ukraine have agreed on the need to set up humanitarian corridors and a possible ceasefire around them for fleeing civilians, both sides said after talks on Thursday, in their first sign of progress on any issue since the invasion.

Russia and Ukraine agreed on Thursday to the need for humanitarian corridors to help civilians escape Moscow's eight-day-long invasion, the first apparent progress in talks, as the United States and Britain hit more oligarchs with sanctions.

Russia and Ukraine agreed on Thursday to the need for humanitarian corridors to help civilians escape Moscow's eight-day-old invasion, the first apparent progress in talks, as the United States added to Western sanctions on more oligarchs.

Oil prices initially soared on Thursday as the Ukraine war sparked a run on commodities that raised fears of "stagflation," while equity markets mostly fell as investors hope the Federal Reserve cautiously move to tighten monetary policy.

Oil prices initially soared on Thursday as the Ukraine war sparked a run on commodities that raised fears of "stagflation," while equity markets fell as investors gauge the impact of the Federal Reserve's plans to tighten monetary policy.

A group of environmental organisations has filed a lawsuit in France against the country's largest energy company TotalEnergies, accusing it of misleading consumers about its efforts to fight climate change.

The Federal Reserve's nearly $9 trillion balance sheet has more room to decline than it did the last time the central bank shrank its holdings and policymakers will still watch money markets closely, a senior bank official said on Wednesday.

Humanitarian agencies may have distributed enough aid in Afghanistan to avert famine and large-scale starvation, but the country's economic collapse is "approaching a point of irreversibility," the U.N.

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.

The World Bank said on Wednesday it had stopped all programs in Russia and Belarus with immediate effect

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.

Online payments company PayPal Holdings Inc stopped accepting new users in Russia on Wednesday given current circumstances, a company spokesperson told Reuters.