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Russia Launches Emergency Rate Rise to Stem Economic Turmoil
Business

Russia Launches Emergency Rate Rise to Stem Economic Turmoil

The central bank raised rates by 3.5 percentage points to stem a sharp selloff in the ruble, a response to the mounting financial costs of

Sputtering Trade Fuels Fears for a Connected World
Business

Sputtering Trade Fuels Fears for a Connected World

Cyclical factors are weighing on commerce, but the specter of global economic divisions lurks in the background. Source link

The West Attacked Russia's Economy. The Result Is Another Stalemate.
Business

The West Attacked Russia's Economy. The Result Is Another Stalemate.

Economists expect sanctions to cause Russia to stagnate in the years ahead but the West’s failure to quickly bring the Russian economy to its knees

Russia Defies Sanctions by Selling Oil Above Price Cap
Business

Russia Defies Sanctions by Selling Oil Above Price Cap

Higher prices could bolster Moscow’s oil-export revenues, which last month dropped to just over half their level from a year ago. Source link

Russia Boosts Rates as Ukraine War Costs Mount
Business

Russia Boosts Rates as Ukraine War Costs Mount

The full percentage point rise comes as a falling ruble, soaring wages and debt-fueled state spending reignite inflationary pressures. Source link

Ukraine to Seize Bank to Curb Moscow's Influence
Business

Ukraine to Seize Bank to Curb Moscow's Influence

Sense Bank, formerly known as Alfa Bank-Ukraine, is regarded as a symbol of Russia’s involvement in Ukraine’s financial and political affairs. Source link

Iran Floods Global Markets With Cheap Oil as Saudi Arabia Cuts Output
Finances

Iran Floods Global Markets With Cheap Oil as Saudi Arabia Cuts Output

Iranian crude exports have hit a five-year high in recent months as the country ships more oil to China and other buyers. Source link

Saudi Arabia, U.A.E. Scoop Up Russian Oil Products at Steep Discounts
Business

Saudi Arabia, U.A.E. Scoop Up Russian Oil Products at Steep Discounts

Despite U.S. objections, the Gulf countries are using the Russian products internally, including for consumption and refining purposes, and exporting their own barrels at market

U.S., U.K. Sanction Firms Tied to Russian Oligarch Alisher Usmanov
Business

U.S., U.K. Sanction Firms Tied to Russian Oligarch Alisher Usmanov

World Europe Russia Effort to sever Russian economy from global trade, finance continues Source link

King Dollar Still Looks Safe From the Yuan
Finances

King Dollar Still Looks Safe From the Yuan

Markets Heard on the Street Weaponizing the dollar creates incentives for change. But as an alternative, the yuan still has serious limitations. Source link