LONDON—Global stocks clung to their gains for the week on Friday but a heady cocktail of rising interest rates, high oil prices, and no end to war in Ukraine kept a lid on the rebound as yields sent a warning signal for the economy. The MSCI world stock index was flat at 695 points, up…
War, Inflation and Oil Cap Stocks Rebound as Yields Warn
March 18, 2022
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Business & EconomycommoditiescrisisEuropeglobalinflationMarketsOilRussia-Ukraine WarstocksUkraineWorld
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Toyota Plans 17 Percent Cut in Global Production in April
TOKYO—Toyota Motor Corp. is cutting its global production target in April to 750,000 vehicles, down 150,000 from an earlier plan, the automaker said on Thursday, as a semiconductor shortage and the COVID-19 pandemic bite into its plans. The news comes about a week after Toyota said it would scale back domestic production by up to…
Oil Surges Amid Warnings of Supply Shortages
LONDON—Oil prices climbed 4 percent on Thursday after the International Energy Agency (IEA) said three million barrels a day (bpd) of Russian oil and products could be shut in from next month and despite the U.S. Federal Reserve’s decision to raise interest rates. The supply loss would be far greater than an expected drop in…
Stocks Steady After Fed Hike, BoE’s Turn Next
LONDON/TOKYO—Europe’s stock markets consolidated strong gains made in Asia on Thursday, after China signalled more support for its spluttering economy and the Federal Reserve had pressed ahead with the first U.S. interest rate rise in more than three years. Traders remained gripped by the devastating war in Ukraine, but with hopes of possible a peace…
Oil Falls Below $100 on Russia-Ukraine Talks, Demand Concerns
LONDON—Oil fell below $100 a barrel in a volatile session on Wednesday, as it came under pressure from signs of progress in Russia-Ukraine peace talks and a closely-watched report that cut its forecast of world demand. Ukraine’s president said the positions of Ukraine and Russia were sounding more realistic, but time was needed. Russia’s foreign…
World Stocks Recover on Ukraine Talks, Fed Hopes Buoy US Yields
LONDON/SHANGHAI—World stocks recovered ground on Wednesday as markets watched for signs of light in the Ukraine conflict, while Treasury yields hit their highest since mid-2019 in anticipation of the first U.S. interest rate hike in three years. Chinese stimulus hopes also boosted stocks. Ukrainian President Volodymyr Zelensky said on Wednesday peace talks between Russia and…
Oil Plunges Over 7 Percent on Easing Supply Concerns, China COVID-19 Cases
NEW YORK—Oil prices tumbled more than 7 percent to their lowest in almost three weeks on Tuesday as supply disruption fears eased and surging COVID-19 cases in China spurred demand concerns. Brent futures fell $7.89, or 7.4 percent, to $99.01 a barrel by 11:51 a.m. EDT (1551 GMT), while U.S. West Texas Intermediate (WTI) crude…
Oil Falls $7 on Russia-Ukraine Talk Hopes, China Lockdowns
March 14, 2022
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Business & EconomycommoditiescrisisEuropeglobalMarketsOilpriceRussiaRussia-Ukraine WarstockstalkUkraineWorld
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LONDON—Oil prices fell around $7 a barrel on Monday as investors pinned hopes on diplomatic efforts between Ukraine and Russia to end their conflict, while a surge in COVID-19 cases in China spooked the markets. Brent was down by $6.78, or 6 percent, at $105.89 a barrel at 1358 GMT and U.S. crude fell $7.01,…
World Shares Mixed, Oil Down $5.50 per Barrel
BANGKOK—Shares rose in Europe after a mixed session in Asia on Monday, where Hong Kong’s Hang Seng index sank 5 percent after the neighboring city of Shenzhen was ordered into a shutdown to combat China’s worst COVID-19 outbreak in two years. Benchmarks rose in Frankfurt, Paris, and Tokyo and U.S. futures were higher. Oil prices…
Ukraine’s Farmers Stalled, Fueling Fears of Global Food Shortages
March 14, 2022
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Business & Economyeconomic policieseconomyEuropeFarmersfood shortageglobalInternationalMarketsRussia-Ukraine WarstalledUkraineWorld
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The Russian invasion of Ukraine threatens millions of tiny spring-time sprouts that should emerge from stalks of dormant winter wheat in the coming weeks. If the farmers can’t feed those crops soon, far fewer of the so-called tillers will spout, jeopardizing a national wheat harvest on which millions in the developing world depend. The wheat…
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