Economy

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Markets stagger as Russia sanctions intensify

By Saqib Iqbal Ahmed and Ira Iosebashvili (Reuters) -Plummeting stocks, soaring commodity prices and tightening global financial conditions following Russia’s invasion of Ukraine are clouding the outlook for markets already.

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Economy News

Factbox-Airline hedging and surcharges offset some oil price pain

(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.

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Business Economy News

McDonald’s, Starbucks, Coke and Pepsi all halt sales in Russia

By Hilary Russ and Uday Sampath Kumar NEW YORK (Reuters) -McDonald’s, PepsiCo (NASDAQ:PEP), Coca-Cola (NYSE:KO) and Starbucks stopped sales of their best-known products in Russia on Tuesday, offering a united.

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Economy News

Japan unveils new sanctions on Russians, bans refinery equipment exports

TOKYO (Reuters) – Japan has frozen the assets of an additional 32 Russian and Belarusian officials and oligarchs following the invasion of Ukraine, the Ministry of Finance announced on Tuesday..

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Economy News

Morgan Stanley backs cautious Fed rate hike as Ukraine crisis fuels inflation

By Byron Kaye and Jamie Freed (Reuters) – Morgan Stanley (NYSE:MS) urged the U.S. Federal Reserve on Tuesday to take a more cautious approach to raising interest rates as Russia’s invasion of.

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Business Economy News

U.S. businesses in China gloomier due to bilateral tensions, COVID curbs – survey

SHANGHAI (Reuters) – U.S.-based businesses reported more pessimism about operating in China due to bilateral tensions, ongoing COVID-19 curbs, regulatory restrictions and a slowing economy, a survey from the American.

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Economy News

As oil prices soar, energy execs want security, alternatives to Russia

By Ron Bousso and Sabrina Valle (Reuters) -Oil-and-gas leaders advocated at an industry conference on Monday for a combination of more fossil fuel production and renewable energy sources to reduce.

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Business Economy News

With war risk, unclear how much U.S. real-yield collapse will benefit stocks

(Fixes spelling of analyst last name in 9th paragraph to Wessel) By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -Real yields in the U.S. Treasury market have gone even more negative as.

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Business Economy News

U.S., European allies discuss banning imports of Russian oil

By Humeyra Pamuk and Jarrett Renshaw WASHINGTON (Reuters) -The United States and European allies are exploring banning imports of Russian oil, U.S. Secretary of State Antony Blinken said on Sunday,.

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Business Economy News

China’s economy resilient despite uncertainties caused by Ukraine crisis – state planner

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.

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