Sugar rush: Russia probes price hikes and 'unjustified' shortages

Russia's Federal Anti-Monopoly Service (FAS) said on Thursday it was conducting "anti-cartel" inspections at major sugar producers following a sharp increase in sugar prices and "unjustified" shortages in some regions as shoppers rushed to buy.

newspaper

17-03-2022

Analysis-As liquidity evaporates, oil braces for whiplash volatility

A $40 a barrel rise and fall in oil prices in March pushed many investors to exit the volatile trade and created the conditions for more wild price swings in the weeks ahead, traders, bankers and analysts said.

newspaper

17-03-2022

Russians have up to $213 billion stashed offshore in Swiss banks

Switzerland's secretive banks hold up to $213 billion of Russian wealth, the country's financial industry association estimates, as sanctions on Russia give a rare glimpse inside Swiss vaults.

newspaper

17-03-2022

British pound drops after BoE hikes rates by 0.25%

The British pound reversed its earlier gains and fell on Thursday, as investors interpreted a Bank of England 8-1 vote in favour of raising interest rates by 0.25% to be a more dovish tightening than expected.

newspaper

17-03-2022

Analysis-As liquidity dries up, oil braces for whiplash volatility

A $40 a barrel rise and fall in oil prices in March pushed many investors to exit the volatile trade and created the conditions for more wild price swings in the weeks ahead, traders, bankers and analysts said.

newspaper

17-03-2022

Japan parts makers halt output after quake, another blow to supply chain

TOKYO (Reuters) -Japan's Renesas Electronics Corp, Murata Manufacturing Co Ltd, Sony Group Corp and other precision parts makers halted some operations on Thursday after an earthquake jolted the country's northeast, the latest blow to the global supply chain.

newspaper

17-03-2022

Shares edge higher in Europe after Fed hikes rate

(Reuters) -European stocks edged higher on Thursday, tracking overnight gains on Wall Street following a widely anticipated U.S. interest rate hike, while lingering optimism about Russia-Ukraine peace talks kept sentiment largely upbeat.

newspaper

17-03-2022

Dollar General forecasts strong 2022 as Americans turn frugal

(Reuters) -Dollar General Corp forecast sales and profit for 2022 above estimates on Thursday, as higher prices of everyday essentials make more Americans frugal and turn to discount stores for their groceries and household supplies.

newspaper

17-03-2022