LONDON (Reuters) – Russia’s rouble tumbled to a fresh record low in thin offshore trade with local markets closed for trading until at least Wednesday. The rouble weakened to 130.9338 to the dollar after closing at 121.037 on Friday, according to Refinitiv data. On the EBS trading platform, the rouble softened to as low as…
TOKYO (Reuters) – Japan, which counts Russia as its fifth-biggest supplier of crude oil, is in discussion with the United States and European countries about possibly banning Russian oil imports, Kyodo News reported on Monday. The report comes after U.S. Secretary of State Antony Blinken said on Sunday the United States and European allies were…
BEIJING (AP) — China’s exports rose by double digits in January and February before Russia’s attack on Ukraine roiled the global economy. Exports grew by 16.3% over a year earlier to $544.7 billion in a sign global demand was recovering before President Vladimir Putin’s Feb. 24 invasion, customs data showed Monday. Imports advanced 15.5% to…
By Alun John and Anshuman Daga HONG KONG/SINGAPORE (Reuters) – Southeast Asian stocks are becoming a haven for international investors fleeing a worsening outlook for global equities who are hoping for sustained strength in the commodity-heavy economies of the region. Driving the renewed interest is a surge in commodity prices that spells good news, particularly…
By Florence Tan and Scott DiSavino SINGAPORE (Reuters) -Oil prices soared more than 9% on Monday, touching their highest since 2008, as the United States and European allies mull a Russian oil import ban and delays in the potential return of Iranian crude to global markets fuelled tight supply fears. Brent crude futures jumped $12.61,…
BEIJING (Reuters) -China’s export growth slowed in the January-February period due to the week-long Lunar New Year holiday and though the data beat expectations, Russia’s invasion of Ukraine has heightened uncertainty over the outlook for global trade this year. Outbound shipments rose 16.3% in the first two months of the year from the same period…
By Tom Westbrook SINGAPORE (Reuters) – The euro tumbled to a fresh 22-month low on the dollar while commodity currencies were swept to multi-month peaks as war in Ukraine sent oil prices spiking and stoked fears of a stagflationary shock that could hammer Europe. The euro fell as much as 1% to $1.0822 in Asia…
TOKYO (AP) — Shares fell in Asia on Tuesday after Wall Street logged its biggest drop in more than a year as markets were jolted by another surge in oil prices. Benchmarks declined in Tokyo, Sydney, Hong Kong, Seoul and Shanghai following a 3% tumble for the S&P 500. The surge in the price of…
(Reuters) – Twenty-four Amazon investors are urging the tech giant to step up transparency in tax disclosures and adopt a new reporting standard, the Financial Times said on Sunday. Asset managers Nordea, Royal London and several large European and U.S. pension funds are among those pushing for Amazon to issue a transparency report in line…
BEIJING (Reuters) – China’s economy remains resilient despite rising uncertainties caused by the Ukraine crisis, the country’s state planner said on Monday. China will enhance policy coordination and speed up the roll-out of policies favourable for growth, Lian Weiliang, a vice head at the National Development and Reform Commission, told a news conference. Beijing has…
