DUBAI/LONDON—OPEC+ oil producers agreed on Wednesday to stick to their plans for a modest output rise in April, ignoring the Ukraine crisis during their talks and snubbing calls from consumers for more crude even as crude prices rocketed higher. Oil prices shot above $110 a barrel this week, hitting peaks not seen since 2014, as…
OPEC+ Sticks to Oil Output Plans
March 2, 2022
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Euro Slides as Investors Fret Ukraine Crisis Will Hit Economy
LONDON—The euro plunged to its weakest since May 2020 on Wednesday as investors worried about the impact of an escalating conflict in Ukraine on the region’s economic prospects, while demand for dollars rose as nervous traders looked for safety. The common currency fell half a percent to as low as $1.1069. Adding to the euro’s…
Oil Markets Hit Multiple Records as Russia Sanctions Bite, Disrupt Trade Flows
March 2, 2022
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Oil benchmarks are hitting multiple prices and spread milestones across several key markets as the fallout from severe sanctions on key exporter Russia sows confusion and panic among global crude oil traders, shipping firms, and importers. Brent crude topped $112 a barrel on Wednesday, the highest since 2014, shrugging off news that several developed countries…
Stocks Fall, Oil Tops $110 a Barrel as Ukraine War Rages
March 2, 2022
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BEIJING—Global stock markets slid Wednesday and oil prices surged more than $7 per barrel as Russian forces stepped up attacks on Ukrainian cities. Frankfurt, Shanghai, Tokyo, and Paris declined as President Vladimir Putin’s invasion fed fears of global economic turmoil. London opened higher. The war is adding to worries about global economic growth as the…
Russian’s Aeroflot to Cancel All Flights to European Destinations
Russian airline Aeroflot said on Sunday it would cancel all flights to European destinations until further notice after the decision by many countries to close their airspace in protest at Russia’s invasion of Ukraine.
UN Refugee Agency: Nearly 120,000 Ukrainians Have Fled
WARSAW, Poland—Nearly 120,000 people have so far fled Ukraine into Poland and other neighboring countries in the wake of Russian invasion, the U.N. refugee agency said on Saturday. Poland has declared its border open to fleeing Ukrainians, even for those without official documents. On Saturday a government official also said that the country sent a…
Russian Central Bank to Give Banks More Cash for ATMs
February 25, 2022
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MOSCOW—Russia’s central bank on Friday said it was increasing the amount of cash it gives to banks to replenish ATM machines, the latest measure the regulator has taken in an effort to maintain financial stability after Russia invaded Ukraine. Demand for cash in Russia on Thursday stood at 111.3 billion roubles ($1.34 billion) and was…
European, US Bank Shares Recoup Some Losses; Sector Braces for Slew of Sanctions
February 25, 2022
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FRANKFURT/LONDON—European and U.S. bank shares on Friday clawed back some of the previous day’s steep losses as the sector starts to get to grips with a slew of sanctions unveiled this week in retaliation for Russia’s invasion of Ukraine, with more due from the European Union imminently. Shares got off to a jittery start as…
Wall Street Opens Higher as Russia Says Ready to Hold Talks With Ukraine
U.S. stock indexes opened higher on Friday, building on a rally in the previous session after Russia said President Vladimir Putin is ready to send a delegation to Minsk for negotiations with Ukraine. The Dow Jones Industrial Average rose 53.39 points, or 0.16 percent, at the open to 33,277.22. The S&P 500 opened higher by…
UniCredit Shares Open Down 8 Percent on Ukraine Crisis
February 24, 2022
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MILAN—Shares in UniCredit, whose Russian arm is one of the largest lenders in the country, fell as much as 8 percent on Thursday, before triggering an automatic trading suspension, hit by the escalation of the Ukraine crisis. Russian forces fired missiles at several cities in Ukraine and landed troops on its coast on Thursday. By…
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