Oil Marches Higher, With Few Paths Seen To Alleviate Russian Supply Disruption
By David Gaffen NEW YORK (Reuters) -Oil relentlessly marched higher beyond $110 a barrel on Wednesday, responding to a flood…
March 2022
Wall St Rallies Over 1% As Powell Says Rate Hikes On Track
By Devik Jain and Sabahatjahan Contractor (Reuters) -U.S. stock indexes rallied more than 1% on Wednesday as Federal Reserve Chair…
Russian Inflation Accelerates To 9.05% As Rouble Slips
MOSCOW (Reuters) – Annual consumer inflation in Russia accelerated to 9.05% as of Feb. 25 from 8.84% a week earlier,…
Fed’s Powell Says Policy Pivot On Track Despite ‘uncertain’ Impact Of Ukraine War
By Howard Schneider and Lindsay Dunsmuir WASHINGTON (Reuters) -The Federal Reserve will move forward with plans to raise interest rates…
Analysis-Crypto Exchanges Won’t Bar Russians, Raising Fears Of Sanctions Backdoor
By Tom Wilson LONDON (Reuters) – Some of the world’s biggest cryptocurrency exchanges are staying put in Russia, breaking ranks…
Analysis-Ukraine War Raises Spectre Of Russia’s First External Debt Default
By Karin Strohecker LONDON (Reuters) – With much of Moscow’s $640 billion reserves under lock and key in the West…
Oil Spikes As Russian Supply Disruptions Increase Amid Sanctions
By Noah Browning LONDON (Reuters) -Oil prices surged on Wednesday as supply disruptions mounted following sanctions on Russian banks amid…
Powell expects a quarter-point Fed rate hike this month
WASHINGTON (AP) — Chair Jerome Powell said Wednesday that he supports a traditional quarter-point increase in the Federal Reserve’s benchmark…
Citigroup Sets New Profitability Targets In Bid To Win Over Investors
By David Henry and Noor Zainab Hussain NEW YORK (Reuters) -Citigroup Inc set new profitability targets on Wednesday at its…
Nordstrom Shares Surge 32% As Shoppers Return To Rack Stores
(Reuters) – Shares of Nordstrom Inc soared more than 32% on a faster-than-expected recovery at the company’s off-price Rack outlets…