Yellen to tout Biden's economic agenda, Russia sanctions in Chicago

U.S. Treasury Secretary Janet Yellen travels to Chicago on Wednesday to amplify President Joe Biden's State of the Union messages on punishing Russia for its invasion of Ukraine and on his economic agenda, including investments in child care, education and clean energy.

newspaper

02-03-2022

OPEC+ stick to modest April oil output rise despite price spike, sources say

DUBAI/LONDON (Reuters) -OPEC+ oil producers agreed on Wednesday to stick to their plans for a modest output rise in April, OPEC+ sources said, snubbing calls from consumers for more crude even as prices rocketed higher amid sanctions on Russia over its invasion of Ukraine.

newspaper

02-03-2022

OPEC+ set to confirm modest April output rise despite oil price spike

DUBAI/LONDON (Reuters) -OPEC+ oil producers meeting on Wednesday do not plan to accelerate output rises, according to a draft deal seen by Reuters, as Saudi Arabia and the United Arab Emirates recommit to a deal with Russia even as crude prices rocket higher.

newspaper

02-03-2022

Russian PM pledges flexible taxes, support to IT firms as crisis unfolds

Prime Minister Mikhail Mishustin on Wednesday said Russia would provide additional funds to develop its IT sector and may tweak tax arrangements for businesses and households as it seeks to manage the fallout from unprecedented western sanctions.

newspaper

02-03-2022

Ryanair boss says bookings can withstand Ukraine crisis

LONDON (Reuters) -Russia's invasion of Ukraine will not have a dramatic impact on bookings in eastern Europe so long as the war doesn't escalate, Ryanair boss Michael O'Leary said on Wednesday, adding the airline was well-placed to deal with surging oil prices.

newspaper

02-03-2022

OPEC+ seen sticking to modest output rises despite oil rally

OPEC+ will likely stick to modest oil output rises when it meets on Wednesday, officials said, as OPEC heavyweights Saudi Arabia and the United Arab Emirates (UAE) recommit to their deal with Russia despite widening sanctions on Moscow and oil prices at eight-year highs.

newspaper

02-03-2022

China set to approve 3rd batch of localities for digital yuan trials - state media

China will soon approve the third batch of localities set to launch trials of its digital yuan currency, state-backed financial outlet Securities Times reported on Wednesday.

newspaper

02-03-2022

Ryanair boss predicts tough months ahead as war pushes up fuel prices

LONDON (Reuters) -The next 12 months will be "very difficult" for most airlines after Russia's invasion of Ukraine pushed up oil prices above $100 a barrel, Ryanair boss Michael O'Leary said on Wednesday as he reassured that the Irish airline was comfortably hedged.

newspaper

02-03-2022

S.Korea's Hyundai Motor plans to invest $16 billion in EV push

SEOUL (Reuters) -South Korea's Hyundai Motor Co said on Wednesday it planned to invest about 95.5 trillion won ($79.21 billion) through 2030, including about 19.4 trillion won ($16.10 billion) towards electric vehicle (EV) related businesses.

newspaper

02-03-2022