Oil firms amid supply worries, but heads for sharp weekly decline
Oil prices rose on Friday but were on track for their biggest weekly declines since November after see-sawing on fears of escalating bans on Russian oil versus efforts to bring more supply to market from other major producers.
Stocks slump on surging inflation, Ukraine risks; China markets recover
Asian shares extended a global slump on Friday after the fastest U.S. inflation rate in four decades bolstered expectations for more aggressive rate hikes, while Chinese equity markets recovered early losses on regulatory assurance over U.S.-listed mainland firms.
Australia, South Africa miners eye options as Europe makes desperate calls
Australian and South African miners are exploring ways to supply coal and metals consumers in Europe scrambling for alternative sources to Russian supply, but logistics and cost constraints make it difficult to rapidly boost output, companies said.
Goldman Sachs, JPMorgan unwinding Russia businesses
Goldman Sachs Group Inc (GS.N)and JPMorgan Chase & Co (JPM.N) on Thursday announced they were unwinding their Russian businesses, becoming the first major U.S. banks to exit following Russia’s invasion of Ukraine and putting pressure on rivals to follow.
Japanese investors dump overseas bonds in February
Japanese investors in February sold the most overseas debt in a month in nearly two years on concerns over monetary tightening by the world’s major central banks and an escalation in Russia-Ukraine conflict.
Gold, palladium retreat from highs as risky assets stabilize
Gold and palladium on Wednesday hit the brakes on a blistering rally as riskier assets attempted a comeback, with analysts predicting another run higher for precious metals in case of a further escalation in the Ukraine crisis.
Explainer: LME nickel surge puts clearing houses in the spotlight
The London Metal Exchange (LME) took emergency measures to halt trading in nickel on Tuesday as prices doubled to more than $100,000 a tonne.
Russia proposes nationalising foreign-owned factories that shut operations
A senior member of Russia’s ruling party has proposed nationalising foreign-owned factories that shut down operations in the country over what the Kremlin calls a special military operation in Ukraine.
Bitcoin jumps after apparent Yellen statement quells U.S. clampdown fears
Bitcoin led a rally in cryptocurrencies on Wednesday after what appeared to be a prematurely published U.S. Treasury statement allayed market worries about a sudden tightening of U.S. rules around digital assets.
Oil falls towards $125 as investors weigh U.S. import ban
Oil slipped towards $125 a barrel in volatile trading on Wednesday as investors assessed the U.S. ban of Russian oil imports and Russia announced a new ceasefire in Ukraine on Wednesday to let civilians flee.
