LME benchmark nickel spikes 15% to hit limit up

The London Metal Exchange's (LME) benchmark nickel surged 15% on Wednesday to hit its upper trading limit, reversing direction and climbing for the first time since trading resumed last week.

newspaper

23-03-2022

Oil rises in volatile trade amid CPC pipeline disruption

LONDON (Reuters) -Oil prices rose in volatile trading on Wednesday, supported by disruption of Russian and Kazakh crude exports via the CPC pipeline.

newspaper

23-03-2022

As sanctions bite Russia, fertilizer shortage imperils world food supply

Sky-high fertilizer prices have farmers worldwide scaling back its use and reducing the amount of land they're planting, fallout from the Ukraine-Russia conflict that has some agricultural industry veterans warning of food shortages.

newspaper

23-03-2022

Biden administration to fight racial bias in U.S. real estate appraisals

The Biden administration will announce on Wednesday new steps to crack down on real estate appraisers who assign lower home price estimates to Black and Latino homeowners, senior officials said.

newspaper

23-03-2022

Oil rises in volatile trade on supply concerns from Russia sanctions

Oil prices rose on Wednesday amid volatile trading on increasing concerns of global supply tightness from sanctions imposed on Russia, the world's second-largest oil exporter, and on signs that exports from Kazakhstan may be disrupted.

newspaper

23-03-2022

Exclusive-Activist fund Oasis backs call for Toshiba to solicit buyout offers -source

SYDNEY/TOKYO (Reuters) -Hong Kong-based activist fund Oasis Management has voted in favour of a shareholder proposal demanding Toshiba Corp solicit buyout offers from private equity firms, a source with direct knowledge of the matter told Reuters on Wednesday.

newspaper

23-03-2022

UK inflation hits 30-year high of 6.2% as Sunak readies response

LONDON (Reuters) -British inflation hit a 30-year high of 6.2% last month, at the top end of expectations among analysts, according to data published on Wednesday hours before finance minister Rishi Sunak announces how he will help ease a cost-of-living crisis.

newspaper

23-03-2022

BOK chief reiterates need to further adjust rates as end of term nears

South Korea's central bank chief reiterated on Wednesday the need to further raise the bank's policy interest rate as the economy struggles to tame red-hot inflation and amid rising uncertainties caused by the Ukraine crisis.

newspaper

23-03-2022

Exclusive-Activist fund Oasis backs call for Toshiba to solicit buyout offers - source

Hong Kong-based activist fund Oasis Management has voted in favour of a shareholder proposal demanding Toshiba Corp solicit buyout offers from private equity firms, a source with direct knowledge told Reuters on Wednesday.

newspaper

23-03-2022