News

AFTER a spectacular yet fragile recovery made by global economies from the adverse effects of the pandemic, central banks’ hawkish sentiment dived towards the end of 2021 when inflation hit multi-year highs, beating market forecasts and triggering alarm for central banks. Read full story

Business normalisation to help spur mark Read full story

WOULD-BE homeowners are increasingly opting to pay sellers more than their asking price in hopes of edging out rival buyers as heightened competition for few homes on the market fuels bidding wars. Read full story

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Berkshire Hathaway Inc on Friday urged the rejection of four shareholder proposals recommending that it replace Warren Buffett as chairman, report on its plans to handle climate risk and reduce greenhouse gases, and improve diversity. Read full story

BENGALURU: Oil prices settled higher on Friday but posted their steepest weekly decline since November, as traders assessed potential improvements to the supply outlook that has been disrupted by Russia’s invasion of Ukraine. Read full story

NEW YORK: Investors are rushing to recalibrate their portfolios for a potentially extended period of elevated commodity prices, as Russia’s invasion of Ukraine sparks eye-popping moves in raw materials that threaten to exacerbate inflation and hurt growth. Read full story

Asia passed the grim milestone of 1 million coronavirus-linked deaths on Friday, a Reuters tally showed, as a spike in Omicron variant infections spreads across the region after starting in nations such as Japan and South Korea. Read full story

WASHINGTON: The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) issued new guidance on Friday clarifying that U.S. citizens and digital asset firms are required to comply with sanctions against Russia, even when facilitating transactions in cryptocurrency. Read full story