By Alex Lawler LONDON (Reuters) -Oil rose towards $130 a barrel on Wednesday, supported by concern of a potential supply shock as the United States banned Russian oil imports and amid signs that some buyers are already steering clear. The United States on Tuesday imposed a ban on Russian oil imports, Britain said it would…
BERLIN (Reuters) -German sportswear group Adidas expects a halt to its Russian operations due to the war in Ukraine to put up to 250 million euros ($273.1 million) of sales at risk this year, it said on Wednesday, but forecast a bounce in its China business. The company said on Monday it had suspended operations…
By Gaurav Dogra (Reuters) – Japanese investors in February sold the most overseas debt in a month in nearly two years on concerns over monetary tightening by the world’s major central banks and an escalation in Russia-Ukraine conflict. According to Japan’s Ministry of Finance data, domestic investors sold a net 3.2 trillion Japanese yen ($27.64…
By Marwa Rashad LONDON (Reuters) – U.S. liquefied natural gas (LNG) exporters are emerging as big winners of Europe’s supply crisis as they export record volumes to the European Union for the third consecutive month at prices that have rallied since Russia’s invasion of Ukraine. European gas prices have hit all-time highs just as…
By Andrew Galbraith SHANGHAI (Reuters) – Crude oil prices rose again on Wednesday while Asian stocks struggled for footing as investors assessed the impact of the worsening conflict in Ukraine and a new U.S. ban on Russian oil. In Europe, however, shares were poised for a stronger open. Euro Stoxx 50 and German DAX futures…
By Leika Kihara TOKYO (Reuters) – The crisis in Ukraine is giving the Bank of Japan a headache not facing other major central banks, forcing it to maintain a more dovish stance on monetary policy despite rising inflationary pressures and a dearth of tools to combat another economic downturn. Unlike other advanced economies, Japan is…
BEIJING (AP) — Japan’s stock benchmark soared 4% and other Asian markets surged Thursday after oil prices dropped, easing fears inflation was set to accelerate. Wall Street’s S&P 500 index rose 2.6% for its biggest daily gain in 12 years as prices swing wildly amid uncertainty about the impact of Russia’s war on Ukraine. Markets…
By Liangping Gao and Ryan Woo BEIJING (Reuters) -China’s factory inflation in February eased to the slowest annual pace in eight months, but analysts expect a pick-up in the coming months from surging prices of global commodities including oil, challenging policy-making to support the economy. The producer price index (PPI) increased 8.8% on year, the…
(Reuters) -The price of oil has surged to its highest point since 2008 after Russia’s invasion of Ukraine, adding to airline costs at a time when carriers have been struggling to recover from a pandemic-related collapse in demand. Oil prices were already strong because of tight global supplies, but the conflict in Ukraine has sent…
By Andrew Galbraith SHANGHAI (Reuters) – Crude oil prices jumped again on Wednesday while Asian stocks struggled for footing as investors assessed the impact of the worsening conflict in Ukraine and a new U.S. ban on Russian oil. The price of a barrel of crude, already on the march higher in January on supply worries…
