Global Brands Exit Russia Over Ukraine Invasion
By Tim Hepher and Nick Carey (Reuters) -From Canada Goose parkas and the latest iPhone to spare parts for aircraft…
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…
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…