By Jonathan Saul, Nigel Hunt and Pavel Polityuk KYIV (Reuters) – Too few ships are arriving in Ukraine to quickly clear mountains of grain built up over months of war despite a U.N.-backed sea corridor, threatening to drive up global food prices and leave the country’s cash-strapped farmers struggling to plant crops. President Vladimir Putin…
FRANKFURT, Germany (AP) — The European Central Bank made its largest-ever interest rate increase Thursday, following the U.S. Federal Reserve and other central banks in a global stampede of rapid rate hikes meant to snuff out the inflation that is squeezing consumers and pushing Europe toward recession. The bank’s governing council raised its key benchmarks…
BEIJING (Reuters) – China’s commerce ministry said on Thursday U.S. moves on tariffs would hurt U.S. companies and consumers, in response to reports that President Joe Biden was holding back on a decision to scrap Trump-era tariffs on Chinese imports. (Reporting by Beijing newsroom; Editing by Peter Graff)
TOKYO (AP) — Asian benchmarks rose Friday, cheered by gains on Wall Street as comments from the Federal Reserve chairman assured markets on the expected rate rise. Japan’s benchmark Nikkei 225 rose 0.4% in morning trading to 28,181.50. Australia’s S&P/ASX 200 added 0.5% to 6,881.30. Hong Kong’s Hang Seng jumped 2.3% to 19,282.70, while the…
By Laura Sanicola and Muyu Xu (Reuters) -Oil prices rose by as much as $1 per barrel on Thursday after dropping below key technical support levels in the previous session, as an energy standoff between Europe and Russia focused investor minds on how tight fuel supply may become. Brent crude futures gained 63 cents, or…
By Sam Byford TOKYO (Reuters) – Asian stocks rode a global rally on Thursday, making broad gains as oil prices steadied at lower levels not seen since before Russia’s invasion of Ukraine, though China was an exception as weak data signalled more pressure on the COVID-hit economy. Futures markets pointed to the rally extending in…
By Wayne Cole SYDNEY (Reuters) -Australia’s top central banker opened the door on Thursday to slowing the bank’s policy tightening after five rate increases in as many months, sparking a rally in bonds as markets scaled back bets on further aggressive moves. In a speech on the policy outlook, Reserve Bank of Australia (RBA) Governor…
