Russia has asked its neighbor never to join Western NATO’s military alliance. Moscow: Russia’s top negotiator in talks with Ukraine on Friday said Moscow and Kiev had brought their positions “as close as possible” on a proposal to allow Ukraine to become a neutral state.The Kremlin said on Wednesday that a neutral Ukraine along the …
Continue reading “Kiev: Russia’s claims of progress in talks not true”
The conflict will lead to lower growth and faster inflation worldwide, Kristalina Georgieva says The war in Ukraine is like a powerful earthquake that will have ripple effects throughout the global economy, especially in poor countries, according to the head of the International Monetary Fund. The conflict will lead to lower growth and faster inflation …
Continue reading “Ukraine War Hits World Economy Like an Earthquake, IMF Head Says”
LONDON, March 18 (Reuters) – As they switch off the lights in Moscow, the world’s top banks face a risk-ridden retreat, juggling obligations to anxious clients and staff while complying with sanctions that have rewritten the rules of doing business in Russia. There is a growing realisation that these sanctions are likely to remain long-term, …
Continue reading “Retreat from Russia riddled with risks for Western banks”
Russia’s finance ministry has said that the coupon payment order on its sovereign eurobonds has been executed, according to a March 17 report by Tass. Russia was due to pay interest payments on March 16 on two US-dollar-denominated eurobonds, with a 30-day grace period to make the payments in US dollars. Previously Finance Minister Anton Siluanov confirmed …
Continue reading “Russian finance ministry says it has met coupon payment obligations in full”
ALEXIS CHRISTOFOROUS: I want to continue the market conversation now and welcome to the show Chris Brightman CEO and chief investment officer at Research Affiliates. So Chris, it’s turning out to be a pretty volatile week for Wall Street. Do you think it’s going to continue for the rest of the year? And if so, …
Surging commodity prices and international sanctions levied against Russia following its invasion of Ukraine are expected to appreciably depress global economic growth. As a result, we have revised down our forecast for world oil demand by 1.3 mb/d for 2Q22-4Q22, resulting in 950 kb/d slower growth for 2022 on average. Total demand is now projected …
Continue reading “Oil Market Report – March 2022 – Analysis – IEA”
Figures showing a global rise in Covid-19 cases could herald a much bigger problem as some countries also report a drop in testing rates, the World Health Organisation said on Tuesday, warning nations to remain vigilant against the virus. After more than a month of decline, Covid-19 cases started to increase around the world last …
Continue reading “who says global rise in covid cases tip of iceberg”
The world could face its biggest oil supply “shock” in decades as major crude exporter Russia is hit by sanctions over its invasion of Ukraine, the International Energy Agency warned Wednesday.The Paris-based agency, which advises developed countries on energy policy, lowered its forecast for international oil demand for 2022, saying surging commodity prices and sanctions …
Continue reading “IEA fears global oil supply ‘shock’ over Russia sanctions”
Gasoline inventories shed 3.6 million barrels in the week to March 11. Middle distillate inventories rose by 300,000 barrels in the week to March 11. EIA: Crude oil inventories rose by 4.3 million barrels. Crude oil prices moved lower today after the Energy Information Administration reported an inventory build of 4.3 million barrels for the …
Continue reading “Oil Prices Continue To Fall As EIA Reports Crude Inventory Build”
Stocks rallied after reports that talks among Russia and Ukraine are progressing. Treasuries and the dollar retreated before the Federal Reserve policy decision. Oil fell.The S&P 500 climbed after the Financial Times reported that Russia and Ukraine have made significant progress on a neutrality plan to end the war, citing three people involved in the …
Continue reading “Stocks Jump Amid Ukraine Talks Before Fed Decision”