Notizia

At least 10 vessels carrying Russia-linked cargoes of crude and refined products were approaching the United States on Wednesday, as suppliers rushed to deliver ahead of the U.S. government's deadline to wind down Russian energy purchases, data from traders and Refinitiv Eikon showed.

The S&P 500 closed higher on Wednesday after some choppy trading following the U.S. Federal Reserve's interest rate increase and its signal that more hikes would be needed to fight inflation, putting an end to the pandemic-era easy monetary policy.

Chipmaker Qualcomm Inc said on Wednesday it has stopped selling its products to Russian companies in compliance with U.S.-imposed sanctions after Moscow invaded Ukraine.

The dollar index turned up for the day on Wednesday shortly after the U.S. Federal Reserve raised interest rates by the expected quarter of a percentage point and projected its policy rate would go as high as 2% by the end of the year.

The Federal Reserve on Wednesday raised interest rates by a quarter of a percentage point and projected its policy rate would hit a range between 1.75% and 2% by year's end in a newly aggressive stance against inflation that will push borrowing costs to restrictive levels in 2023.

The S&P 500 pared its gains and the Dow briefly dipped into the red on Wednesday after the U.S. Federal Reserve raised interest rates and signaled more hikes to fight inflation, putting an end to its easy pandemic-era monetary policy.

(Reuters) -Annual inflation in Russia accelerated to 12.54% as of March 11, its highest since late 2015 and up from 10.42% a week earlier, the economy ministry said on Wednesday, with weakening rouble sending prices soaring amid unprecedented Western sanctions.

BRUSSELS (Reuters) -The European Union will increase tariffs on stainless steel products from India and Indonesia after determining they benefited from unfair subsidies, including some from China under its Belt and Road investment programme.

(Reuters) -Wall Street's main indexes jumped on Wednesday, propelled by technology and financial stocks, as signs of progress in Ukraine-Russia peace talks lifted sentiment ahead of a widely expected interest rate hike by the Federal Reserve.