The Kremlin said on Friday that Russia had decided to extend the grain deal across the Black Sea for 60 days, echoing earlier statements by the Foreign Ministry. Ukraine stated that the agreement, which will expire soon, must be fully renewed under the current terms, which provide for an extension …

European stocks continued to recover for the second consecutive session on Friday, as measures taken by the United States and Europe to support banks calmed fears of an imminent collapse, but the European index was on track to record a decline for the second week in a row. The Stoxx …

Gold prices rose on Friday, supported by the weakness of the dollar, and are preparing for the largest weekly gains since mid-November, as the global banking crisis prompted investors to turn to the metal, which is considered a safe haven. And by 0313 GMT, gold in instant transactions rose 0.5 …

The dollar fell on Friday as risk appetite improved after authorities and banks in key markets moved to ease pressure on the financial system, calming other major currencies that had fallen earlier in the week in the wake of banking turmoil. On Thursday, large US banks pumped $30 billion in …

Oil prices rose nearly 1 percent on Friday after a meeting between Saudi Arabia and Russia calmed markets amid expectations of strong demand in China, after a banking crisis led to heavy selling in global financial and oil markets this week. By 0400 GMT, Brent crude futures rose 81 cents …

The European Central Bank (ECB) announced on Thursday that it raised its key rates by 50 basis points (bps) following the March policy meeting, as expected.  With this decision, the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility …

There were 192,000 initial jobless claims in the week ending March 11, the weekly data published by the US Department of Labor (DOL) showed on Thursday. This print followed the previous week’s print of 212,000 and came in better than the market expectation of 205,000. Further details of the publication …

Oil prices recovered some ground on Thursday, rising from the previous session’s 15-month lows, as markets settled considerably after Swiss authorities threw Credit Suisse a financial lifeline. But, market mood remained weak, damaged by concerns about mounting stress on banks throughout the world, and both major crude benchmarks gave up …

European stocks rose Thursday, March 16th, as troubled Credit Suisse rose after receiving financial aid from the Swiss National Bank (SNB), easing some fears of a global banking crisis, although caution prevailed ahead of the European Central Bank’s interest rate decision. The Stoxx 600 index rose 0.9%, by 08:15 GMT. …

Credit Suisse stock jumped more than 30% at the outset in Zurich on Thursday, after the ailing lender’s receipt of a 50-billion-franc rescue line from the Swiss National Bank. Credit Suisse shares in Zurich were up 33% at CHF 2.25 (CHF 1 = $1.0811) at 04:15 ET (08:15 GMT). The …