Page 973 - Reuters

Starbucks' Schultz announces halt to stock buybacks, shares fall

Shares closed more than 3% lower. Analysts predicted the suspension to knock 2 to 3% off earnings in fiscal 2023.

Gold up on prospects of more sanctions on Russia, higher inflation

Gold is highly sensitive to rising U.S. interest rates, which increase the opportunity cost of holding non-yielding bullion while boosting the dollar, in which it is priced.

Germany faces recession if oil & gas halted, say banks

Europe's largest economy is heavily dependent upon Russia for energy, and nations banks echoed concerns over possible energy disruption expressed by big names in industry in recent days

Musk takes 9% stake, valued at $3 bn, in Twitter to become top shareholder

A prolific Twitter user, Musk has over 80 million followers since joining the site in 2009 and has used the platform to make several announcements

Starbucks' Howard Schultz announces halt to stock buybacks, shares fall

Schultz said in the letter that he will travel in coming weeks to meet with employees

Global insurers plan to ramp up private equity investments: Survey

The report also showed that 11% of American insurers said they are invested in or are considering investing in cryptocurrencies

Ukraine fallout starts felling fragile 'frontier' economies: An analysis

IMF Managing Director Kristalina Georgieva has given a stark warning that "war in Ukraine means hunger in Africa"

Stocks, dollar rise; European leaders urge further Moscow sanctions

Russia maintained gas flows through key pipeline routes into Europe, despite uncertainty over payment terms

Ukraine war, chance of more sanctions on Russia lift gold's appeal

Spot gold XAU= was up 0.4% to $1,931.09 per ounce by 12:51 p.m. EDT (1651 GMT), while U.S. gold futures GCv1 were up 0.6% to $1,935.10

Gold up as call for stronger sanctions on Russia blunts risk appetite

Spot gold XAU= was up 0.3% at $1,930.02 per ounce by 1130 GMT, while U.S. gold futures GCv1 rose 0.5% to $1,933.80

Sri Lanka gets new finance minister, central bank governor as unrest grows

President calls all parties to take up ministerial roles, coalition partner rejects new cabinet; President's brother replaced as finance minister

Fed rate hikes could be higher than market expects: JPMorgan CEO

JPMorgan could lose about $1 bn on its Russia exposure, Jamie Dimon said on Monday

US dollar firms on prospect of more sanctions over Russia-Ukraine conflict

US currency also continued to benefit from a strong non-farm payrolls report for March that backed expectations for a half a percentage point tightening by the Federal Reserve at next month's meeting

Only severe emissions cuts will avoid climate extremes: UN report

Global emissions on track to blow past 1.5 degrees C warming limit envisioned in 2015 Paris Agreement and reach some 3.2 degrees C by century's end, says a major report by UN climate science agencycli

Zelensky says Russian actions in Ukraine make negotiations harder

Zelensky spoke on national television from the town of Bucha, where tied bodies shot at close range, a mass grave and other signs of executions have been found in territory retaken from Russian troops

Oil jumps toward $108 as supply fears persist despite reserves release

Oil also gained support from a pause in talks in Vienna to revive the Iran nuclear deal

Sri Lanka's president drops brother as finance minister in crisis shake-up

The country off India's southern tip is also grappling with soaring inflation after the government steeply devalued its currency last month ahead of the IMF talks.

World stocks stall as West considers more sanctions against Russia

The pan-European STOXX 600 was flat an hour and a half after the open while S&P 500 and Nasdaq stock futures were down about 0.1%

Oil prices rise above $105 a barrel as supply concerns persist

Saudi oil facilities have come under attack by the Houthis during the conflict, adding to supply disruption from Russia

Gold steady as stronger dollar, yields counter Ukraine woes

A stronger dollar makes gold less attractive for other currency holders, while higher yields increase the opportunity cost of holding non-paying bullion