Commodities’ historic week sends shock waves around the world
Commodities are wrapping up a historic week as Russia’s invasion of Ukraine roils markets, with foodstuffs soaring, metals setting records, and oil in the throes…
Thai inflation surges to highest since 2008 on fuel, food costs
Thailand’s retail inflation accelerated at the fastest pace since 2008 as the net oil importer struggled to cope with rising energy and fresh food costs,…
China-backed development banks halt Russia loans amid sanctions
The China-backed Asian Infrastructure Investment Bank halted all businesses with Russia and Belarus amid rising geopolitical tensions, a sign of Beijing’s cautious approach to financial…
Swatch group halts exports to Russia but keeps stores open
Swatch Group AG is halting exports to Russia but will keep its stores open to continue selling Omega, Longines and Tissot watches to Russian customers.
American farmers are set to plant more corn as war in Ukraine threatens supply
American farmers are set to plant more corn than last year, thanks in part to price increases caused by Russia’s attack on Ukraine, according to…
China buys up US corn, soybeans as Ukraine war roils trade
China is scooping up U.S. corn and soybeans as part of efforts to mitigate the risks to commodity supplies from Russia’s war in Ukraine and…
Russia’s toxic oil sends tanker rates into a frenzy
For clues on how toxic Russian oil has become, look no further than the trade for tankers that export it.
US targets Russian oil sector with equipment-export ban
The Biden administration said Wednesday it is seeking to degrade Russia’s status as a leading world producer of oil and natural gas by restricting exports…
Nickel market eyes fate of Siberian metal as sanctions bite
The biggest risk in battery materials from Russia’s increasing economic isolation centers on supplies of top-notch Arctic nickel controlled by the country’s richest man.
Canada nixes Russia trade status, sanctions Rosneft and Gazprom
Canada is ratcheting up sanctions on Russia in response to the invasion of Ukraine in coordination with Western allies, unveiling new restrictions on energy companies…
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