The data published by Eurostat showed on Tuesday that seasonally adjusted Gross Domestic Product (GDP) in the euro area expanded by 0.3% on a quarterly basis in the fourth quarter. This print came in line with the initial estimate and the market expectation. Compared with the same quarter of the …

In his appearance Tuesday, Bank of Japan Governor Haruhiko Kuroda said that potential sanctions from the G7 countries will have a significant impact on Russia’s finances, adding that “the amount of foreign reserves that Russia can tap has already significantly decreased due to the sanctions.” Where Japan expressed its readiness …

Japan’s Nikkei index closed at a 16-month low on Tuesday as investors worried that higher oil and other commodity prices would hurt corporate earnings and slow economic growth. The Nikkei index fell 1.71 percent to 24790.95, its lowest closing level since November 6, 2020, while the broader Topix index fell …

The World Bank said its executive board on Monday approved a package of $723 million in loans and grants to Ukraine to support the government’s budget as the country grapples with war from Russia. The bank added in a statement that the package includes $350 million to complement a previous …

Australian refiner Viva Energy said Tuesday (March 8) it will stop buying Russian crude, joining a growing number of companies in cutting trade ties with Russia over its invasion of Ukraine. Viva Energy joins a handful of companies that are restricting, deferring or withdrawing from business activities in Russia following …

Russian President Vladimir Putin told German Chancellor Olaf Scholz in a call on Friday that while Russia is open for Russian Deputy Prime Minister Alexander Novak said on Monday that Russia may cut off gas supplies via the Nord Stream1 pipeline to Germany, but so far has not taken such …

Oil prices jumped on Monday to their highest levels since 2008 as the United States and its European allies considered banning crude imports from Russia, while a quick return of Iranian crude to global markets looked less likely. Brent crude futures ended the trading session up $5.1, or 4.3 percent, …

Oil prices jumped on Monday to their highest levels since 2008 due to supply concerns due to the announcement by the United States that it is studying with its European allies a ban on the import of Russian oil and the possible delay in the return of Iranian crude to …

European shares hit a one-year low on Monday as Western nations weighed the possibility of a Russian oil embargo, raising the prospect of broader inflationary risks and slowing economic growth, as Germany’s leading index looked likely to confirm a downward trend. The pan-European Stoxx 600 index was down 2.4 percent. …

Russia’s largest lender Sberbank is quitting almost all European markets, blaming significant cash outflows and threats to its staff and property following Russia’s invasion of Ukraine and Western sanctions. The bank said it could no longer supply liquidity to European subsidiaries following an order from Russia’s central bank, which is …