FORT COLLINS: Ukraine and Russia are both known as top grain suppliers, but with the ongoing war and loss of exports out of the region, soybean prices have also jumped and not everyone is fully seeing the connection. Read full story
KUALA LUMPUR: The world’s biggest palm oil buyers China and India are slowing down imports as prices rocket to historical high levels, even as Russia’s invasion of Ukraine disrupts global edible oil supply, industry officials said on Thursday. Read full story
KUALA LUMPUR: Stock that could see increased investor attentio on Friday include Malayan United Industries, Coastal Contracts, China Automobile Parts, Vortex and Lotte Chemical Titan, says JF Apex Research. Read full story
KUALA LUMPUR: A decline in crude oil prices overnight gave the cue for the domestic stock market to take profit from recent gains. Read full story
PETALING JAYA: MBM Resources Bhd is cautiously optimistic about its outlook for this year, as its low inventory levels and strong order book are set to fuel sales growth on the back of a recovering economy. Read full story
TOKYO: Japanese firms increased spending on plant and equipment for the third consecutive quarter from October to December, as corporate sentiment got a boost from falling coronavirus cases and helped lift broader economic activity. Read full story
WASHINGTON: Federal Reserve Chair Jerome Powell, balancing high U.S. inflation against the complex new risks of a European land war, said Wednesday the central bank would begin “carefully” raising interest rates at its upcoming March meeting but be ready to move more aggressively if inflation does not cool as quickly as expected. Read full story
NEW YORK: Oil surged relentlessly beyond US$110 a barrel on Wednesday, extending its rally since Russia invaded Ukraine seven days ago, on expectations that the market will remain short of supply for months to comefollowing sanctions on Moscow and a flood of divestment from Russian oil assets by major companies. Read full story
NEW YORK: Overseas investors in Russia have tens of billions invested in the country’s stocks and bonds, according to Morningstar data. Read full story
NEW YORK: U.S. natural gas futures rose about 4% to near a four-week high on Wednesday, gaining some rare support from surging global oil and gas prices as the Russia-Ukraine conflict stokes energy supply concerns. Read full story
LONDON: A record share of firms in Britain’s business and professional services sector expect to raise prices over the next three months as they face surging cost pressures, a survey showed on Thursday, adding to the Bank of England’s inflation challenge. Read full story
Fitch on Wednesday downgraded Russia’s sovereign credit rating by six notches to “junk” status, saying Western sanctions over the invasion of Ukraine made it uncertain Russia could service its debt and would weaken its economy in “a huge shock” to its creditworthiness. Read full story