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…
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…
BEIJING (Reuters) -China’s factory inflation in February eased to the slowest annual pace in eight months due to seasonal effects from the Lunar New Year holiday, but analysts expect it to rise in the coming months because of surging global commodity prices. The producer price index (PPI) increased 8.8% on year, the National Bureau of…
By Yuka Obayashi TOKYO (Reuters) – Oil prices rose on Wednesday as the U.S. ban on Russian oil imports and Britain’s plan to phase them out by year end raised concerns of tighter global supply. Brent crude futures were up $2.17, or 1.7%, at $130.15 a barrel at 0133 GMT, after jumping 3.9% the previous…
BEIJING (Reuters) – China’s producer prices in February rose at the slowest annual pace since June, official data showed on Wednesday, amid skyrocketing commodity prices, an uncertain global economy and resurgent domestic COVID-19 outbreaks. The producer price index (PPI) increased 8.8% on year, the National Bureau of Statistics (NBS) said in a statement on Wednesday,…
By Marianna Parraga and Matt Spetalnick HOUSTON/WASHINGTON (Reuters) -U.S. officials have demanded Venezuela supply at least a portion of oil exports to the United States as part of any agreement to ease oil trading sanctions on the OPEC member nation, two people close to the matter said. U.S. President Joe Biden on Tuesday banned U.S….
By John McCrank NEW YORK (Reuters) – Wild swings in the prices of oil, metals and other raw materials generated more margin calls at trading firms on Tuesday, heightening worries that the volatility in commodities could spill over into broader markets as the war in Ukraine escalates. Intercontinental Exchange Inc has seen margin calls at…
