Notizia

Oil prices soared more than 10% in hectic trading on Monday as the risk of a U.S. and European ban on Russian product and delays in Iranian talks triggered what was shaping up as a major stagflationary shock for world markets.

Oil prices soared more than 10% in hectic trading on Monday as the risk of a U.S. and European ban on Russian product and delays in Iranian talks triggered what was shaping up as a major stagflationary shock for world markets.

The Milan-based luxury group Prada has suspended its retail operations in Russia, it said in a statement on Saturday, following a slew of other leading brands who have already announced similar moves.

Russia's escalating war in Ukraine has sent commodity and energy prices soaring, boosted safe havens and hammered Europe's common currency and its stock markets.

SpaceX chief Elon Musk said on Saturday that its Starlink satellite broadband service has been told by some governments, not Ukraine, to block Russian news sources.

BEIJING (Reuters) -China on Saturday targeted slower economic growth of around 5.5% this year as domestic headwinds, including a downturn in its vast real estate sector and lacklustre consumption, cast a pall on the outlook for the world's second-largest economy.

BEIJING (Reuters) -China on Saturday targeted slower economic growth of around 5.5% this year as domestic headwinds, including a downturn in the country's vast real estate sector and lacklustre consumption, cast a pall on the outlook for the world's second-largest economy.

BEIJING (Reuters) -The Chinese government has set its 2022 economic growth target at around 5.5%, Premier Li Keqiang said at the opening of the country's annual meeting of parliament on Saturday, lower than a year earlier.

Argentine sovereign bonds tumbled some 2.3% on Friday, a day after the government struck a $45 billion staff-level agreement with the International Monetary Fund, a painful reminder that investors remain wary of the country's economic outlook.