G7 leaders agreed to consider a ban on the transport of Russian oil being sold above a certain price, according to part of the final statement seen by Reuters. “We invite all like-minded countries to consider joining us in what we are doing,” the G7 leaders said.
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G7 members are planning to ban imports of Russian gold in order to tighten the sanctions squeeze on Moscow. However, the precious metal is expected to ignore these news headlines according to TD Securities’ experts and economists.Key Quotes“G-7 ban on new Russian gold imports isn’t expected to impact gold trading …
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Risk appetite improved during the US session. US shares rallied and closed with robust gains after retreating to bear market levels, meaning losses of 20% or more from all-time-highs. Gold continues for the second consecutive week with losses, down 0.64% despite climbing on Friday. Lower US 10-year T-yields and the …
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Amid a looming new sanctions package, the US Treasury Department’s new move would prohibit Russia from using funds held in American banks to pay debt obligations. The Treasury Department on Monday prohibited Russia from withdrawing funds held in American banks to pay its debt obligations, a major escalation aimed at …
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The market mood is sour, helping the American dollar to end the day with gains against most major rivals.The initial catalyst came from the Bank of Japan. The central bank announced it would be buying an unlimited amount of 10-year JGBs at 0.25% in an attempt to defend the yield …
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US President Joe Biden said on Thursday that he thinks Russia should be removed from G20, as reported by Reuters.Key Quotes:“Asked that Ukraine be able to attend G20 meetings.”“Ukraine’s judgment to make whether it cedes territory to Russia.”“Talked about how major wheat producers US, Canada could increase and disseminate more …
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US equities traded in choppy, mixed fashion on the final trading day of what has been an indecisive week.The S&P 500 opened 0.5% higher following positive Putin commentary on Ukraine, but skeptical investors have since pared these gains.US equities traded in choppy, mixed fashion on the final trading day of …
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In a public address at the White House, US President Joe Biden confirmed on Friday that US would revoke permanent normal trade relations (PNTR) with Russia.US allies would also announce new actions against Russia on Friday, Biden said. The US is also to ban the imports of Russian luxury goods, …
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A strong blow has beaten Britain’s hopes to grab a slice of the market for electric vehicle batteries after one of the biggest chemical companies said it would give up on developing the technology.Johnson Matthey, a member of the FTSE 100, announced plans on Thursday to exit the battery materials …
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Recent calls for advanced economies to agree on a minimum global corporate tax rate are making more progress with the G7 group representatives promising to reach an agreement on the issue soon. The G7 finance ministers are expected to pledge support to economic recovery from the Coronavirus pandemic, as well …
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