Euro climbs on peace talks, overshadowing expected Fed rate hike

The euro jumped on Wednesday amid signs of compromise by Russia and Ukraine in "more realistic" peace talks, while the dollar slid further from almost two-year highs reached over the past week as markets await a likely rate hike by the Federal Reserve.

newspaper

16-03-2022

Wall Street surges on Ukraine peace talks, Fed on tap

Wall Street's main indexes jumped on Wednesday, led by gains in 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.

newspaper

16-03-2022

WTO chief welcomes COVID shot patent plan, drugmakers balk

(Reuters) -The World Trade Organization (WTO) praised a provisional deal to waive patent rights for COVID-19 vaccines after more than a year of deadlock, though drugmakers said the move risked undermining the industry's ability to respond to future health crises.

newspaper

16-03-2022

Britain, Luxembourg weigh 'side pockets' for sanctioned Russian assets

Britain's financial watchdog said on Wednesday it is talking to fund managers about how to handle Russian assets rendered worthless by sanctions, joining its counterparts in Luxembourg and elsewhere.

newspaper

16-03-2022

Wall Street climbs at open on Ukraine peace talks, Fed on tap

U.S. stock indexes opened higher on Wednesday as signs of progress in Ukraine-Russia peace talks lifted sentiment ahead of a widely expected interest rate hike by the Federal Reserve.

newspaper

16-03-2022

Wall Street set to climb on Ukraine peace talks, Fed on tap

(Reuters) -U.S. stocks were poised to open higher on Wednesday as signs of progress in Ukraine-Russia peace talks lifted sentiment ahead of a widely expected interest rate hike by the Federal Reserve.

newspaper

16-03-2022

Volkswagen keeps Changchun factory shut on Thursday, Shanghai to reopen

BERLIN (Reuters) -Volkswagen Group China said on Wednesday it would as a precautionary measure pause production for another day in Changchun due to COVID cases, but would resume production in Shanghai on Thursday after a 48 hour suspension.

newspaper

16-03-2022

WTO chief welcomes COVID shot patent waiver plan, drugmakers balk

The World Trade Organization praised a provisional deal to waive patent rights for COVID-19 vaccines after more than a year of deadlock, although drugmakers said the move risked undermining the industry's ability to respond to future health crises.

newspaper

16-03-2022

Sanctioned Russia teeters on brink of historic default

The economic cost of Russia's assault on Ukraine was further exposed on Wednesday as the sanctions-hit country teetered on the brink of its first default on international debt since the Bolshevik revolution.

newspaper

16-03-2022