Russia-Ukrainian war jeopardizes regional metals supply chains
Its likely disruptions will last well beyond the duration of the current conflict
EU mulls Russia export ban on cars worth over 50,000 Euros
The EU is discussing a ban on exports of luxury vehicles worth more than 50,000 euros ($54,760) to Russia as part of its latest sanctions…
Sliding yen looks like one-way bet as Japan import costs surge
The yen has been on a slippery slope against the dollar for the past six months due to policy divergence and surging commodity prices. Strategists…
Yellen rejects notion sanctions could undermine dollar dominance
Treasury Secretary Janet Yellen said the U.S. dollar is in no danger of losing its status as the world’s dominant reserve currency as a result…
Corn sees longest weekly rally since May as war lifts demand
Corn futures capped Friday with their longest weekly rally since May as war in Ukraine sidelines supplies and leaves buyers turning elsewhere for grain.
Japan joins US and EU in banning chip exports to Russia
Japan will stop exporting semiconductors to Russia next week, joining the U.S. and its European allies in efforts to cripple Russia’s military capability.
Commerce restricts the export of luxury goods to Russia, Belarus and to Russian and Belarusian oligarchs
Today, the U.S. Commerce Department’s Bureau of Industry and Security (BIS) imposed restrictions on the export, reexport, and transfer (in country) of luxury goods to…
India industries must keep importing pricey coal, secretary says
Indian industries, including steel and aluminum makers, will need to continue importing expensive coal shipments to meet their requirement, as the cheaper, domestically produced fuel…
Richest Russian dissents on Putin’s tit-for-tat over sanctions
Billionaire Vladimir Potanin, Russia’s richest man and one of the few tycoons to escape sanctions, tore into every aspect of his country’s retaliation against international…
Biden bans iconic Russian imports and calls for trade downgrade
President Joe Biden said he would ban imports of Russian vodka, caviar and diamonds and called on U.S. lawmakers to join Western allies in revoking…
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