Page 43 - Global Economy

Within days, Russia's war on Ukraine squeezes the global economy

Ocean rates may double or triple to $30K/ container & air freight costs are set to jump even higher

China will not join sanctions on Russia, says banking regulator

China, which has refused to condemn Russia's invasion of Ukraine, has repeatedly criticised what it calls illegal and unilateral sanctions

Inflation in 19 nations using euro sets record of 5.8% in Feb

Inflation in Europe hit a record high for the fourth month in a row, raising questions about when the central bank should step in to ease the pain to people's wallets while Russia's invasion of Ukrain

Economic dangers from Russia's Ukraine invasion ripple across globe

Moscow's war on Ukraine and the ferocious financial backlash it's unleashed are not only inflicting an economic catastrophe on President Vladimir Putin's Russia.

How $300 bn of Russian cash pile can rattle global money markets

Russia's central bank and private sector have almost $1 trn of liquid wealth, with a much larger share of this held in US dollars than most people realise, says a Credit Suisse strategist

Russia-Ukraine conflict raises big risks for global economy

Just what a vulnerable world economy didn't need a conflict that accelerates inflation, rattles markets and portends trouble for everyone from European consumers to indebted Chinese developers

IMF starts Ukraine mission for $700 million loan after Russia escalates

Officials will start an online-review of their program with Ukraine on Wednesday

Deepening tensions seen curbing food supplies, lifting prices: Traders

A lack of supplies from the Black Sea region could lift demand for the bread-making ingredient from the United States and Canada

Record $940-billion budget set for Japan's parliamentary approval

The budget was approved on Monday by ruling party lawmakers at the lower house budget committee

G-20 finance meeting: Indonesian PM Widodo calls for global unity

The G-20 financial gathering comes as many economies are treading a precarious path between raising costs of borrowing to cool inflation and helping to support recoveries from the pandemic

IMF sees inflation as 'significant risk'

Headline inflation has moved above central bank targets in most Group of 20 economies despite weaker growth momentum and remains a "significant risk"

Rising oil and gas prices can lead to greater gains in ONGC stock

Demand and pricing environment remains positive; any reversal in energy prices could hurt sentiment

Wall Street set for second day of losses; US 10-year yield near 2%

Europe's STOXX 600 was down 0.9%, Nasdaq and S&P 500 futures were down 0.7% and 0.5% respectively

IMF chief says 'too early to say' if world facing sustained inflation

The head of the International Monetary Fund said it was "too early" to say if the world was facing a period of sustained inflation

World stocks higher on strong tech amid mixed US earnings, weak eco reports

Crude oil eyed seven-year highs and the dollar eased. On Wall Street, the Dow Jones Industrial Average rose 0.63% and the S&P 500 gained 0.94%.

Stocks extend gains on strong US earnings, weak economic reports

Investors also shrugged off the pace of central banks' interest rate hikes.

Strong earnings eclipse surging euro zone inflation for now

By Huw Jones

Inflation at its highest in 2 years in Pakistan, transport leads trend

This is the highest CPI inflation since January 2020

Oil hovers near 7-year highs, headed for best month since Feb 2021

The most-active Brent contract, for April delivery, was trading at $89.62, up $1.1 or 1.2%.

Maintain 10-15% allocation to gold as real rates may stay low: Analysts

Rate hikes may not be aggressive as Fed will try not to dampen economic growth