ECB Pushes On With Stimulus Exit At Ukraine “watershed” Moment
By Balazs Koranyi and Francesco Canepa FRANKFURT (Reuters) – The European Central Bank will end asset purchases in the third…
GE Reaffirms 2022 Earnings Forecast Despite Challenges
By Rajesh Kumar Singh GREENVILLE, S.C. (Reuters) – General Electric Co on Thursday reiterated its 2022 earnings forecast, but said…
Shell And BP Cut Spot German Diesel Sales On Shortage Fears
By Rowena Edwards and Julia Payne LONDON (Reuters) – Oil majors BP and Shell have held back from offering spot…
Remember China?
Russia’s invasion of Ukraine has dominated headlines. Rightfully so as this marks the largest military battle on European soil since…
More Americans filed for unemployment benefits last week
WASHINGTON (AP) — Slightly more Americans applied for unemployment benefits last week, but layoffs have settled to the low, pre-pandemic…
US inflation soared 7.9% in past year, a fresh 40-year high
WASHINGTON (AP) — Propelled by surging costs for gas, food and housing, consumer inflation jumped 7.9% over the past year,…
Britain Sanctions Chelsea FC’s Abramovich; Miner Rio Cuts Russia Ties
By Michael Holden and Praveen Menon (Reuters) – Britain froze the assets of Roman Abramovich, owner of Chelsea soccer club,…
Analysis-Big Oil, Biden Administration Spar Over Blame For Pain At The Pump
By Valerie Volcovici and Nichola Groom (Reuters) – The U.S. oil industry and President Joe Biden’s administration are clashing over…
Russia built an economy like a fortress but the pain is real
Western sanctions are dealing a severe blow to Russia’s economy. The ruble is plunging, foreign businesses are fleeing and sharply…
German Business Backs Sanctions On Russia Despite Domestic Impact
BERLIN (Reuters) -Germany’s BGA trade association said on Thursday a survey of its members showed most expected an economic slowdown…