NEW YORK, March 18 — Oil prices soared Thursday on tensions surrounding key producer Russia, while global equities mostly rose as markets digested monetary tightening moves by central banks.
The surge in oil prices has added to worries about inflation, prompting a warning Thursday from the OECD that fallout from the conflict could cut global economic growth by over one percentage point in the first year after the invasion. The warning came as Russia’s finance ministry said it had carried out interest payments on two foreign bonds, avoiding default for now after it was hit by unprecedented Western sanctions.Central banks were in focus again as the Bank of England raised its main interest rate by a quarter point, following the US Federal Reserve’s decision to do the same the day before.
But US stocks extended a strong rally, with the Dow notching its third straight session of gains over one percent.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US warns Russia of consequences of any possible Russian use of chemical weapons | Malay MailWASHINGTON, March 16 — US national security adviser Jake Sullivan spoke today with Nikolay Patrushev, the secretary of Russia’s Security Council, in the first high-level contact publicly disclosed between the two countries since the invasion of Ukraine, and warned Patrushev about the... Send Seals in to pick up Putin? 🤣😂🤣😂🤣😂🤣😂🤣😂
Source: malaymail - 🏆 1. / 86 Read more »
UN Security Council to vote tomorrow on Russia move in Ukraine | Malay MailNEW YORK, March 17 ― The UN Security Council is due to vote tomorrow on a Russian-drafted call for aid access and civilian protection in Ukraine, but diplomats say the measure is set to fail because it does not push for an end to the fighting or withdrawal of Russian troops. The draft resolution,...
Source: malaymail - 🏆 1. / 86 Read more »
Moscow sets out new controls on foreigners trading Russia assets | Malay MailLONDON, March 17 — Russia has set out strict rules for foreigners seeking permits to buy and sell Russian securities and real estate, a client memo by Citigroup showed, as details emerge of new state controls on investment in response to Western sanctions. Russia temporarily stopped...
Source: malaymail - 🏆 1. / 86 Read more »
Russia says talks with Ukraine continue via video link | Malay MailMOSCOW, March 17 —Talks between Russian and Ukraine continue via video link, Russian Foreign Ministry spokesperson Maria Zakharova said today. According to Zakharova, the parties are discussing military, political and humanitarian issues. — Reuters
Source: malaymail - 🏆 1. / 86 Read more »
US unfairly sanctioned palm oil producer because it employed people on parole, says ZuraidaKUALA LUMPUR: The US Customs and Border Protection (CBP) has accused Sime Darby Plantations Bhd of forced labour just because the company employed parolees, says Plantation Industries and Commodities Minister Datuk Zuraida Kamaruddin.
Source: staronline - 🏆 4. / 75 Read more »