While prices of crude oil rose further on Wednesday, Asian equities sank as investors tried to work out the implications of the intensifying war in Ukraine and a new ban on Russian oil by the United States.   Since Russia's invasion of Ukraine on February 24, the price of a barrel of...

Those developing economies that are large net importers of oil such as China, Indonesia, South Africa, and Turkey will face a potential loss of 1 per cent in their gross domestic product for the current year because of continued high prices of oil driven by the Russian invasion of Ukraine, warned...

U.S. President Joe Biden warned that gasoline prices in the country will continue to rise due to anti-Russian sanctions. Biden told reporters that the price of gasoline had risen by 75 cents a gallon since the start of the Russian special operation in Ukraine. "With the current actions, it's...

The benchmark index Nikkei plunged more than 250 points after opening trade on the Tokyo Stock Exchange, falling below 25,000 points for the first time in 16 months on news of Ukraine, NHK television reported. The Nikkei index, which tracks the share price performance of Japan's 225 leading...

On Monday, gold reached its highest level in more than a year and a half, and palladium reached an all-time high because of them being perceived to be safe-haven assets, while nickel surged more than 20 per cent on concerns about supply interruptions caused by sanctions against Russia and...

The potential of a U.S. and European boycott on Russian exports, including oil and gas, as well as the delay of Iranian talks, pushed global crude oil prices to new highs on Monday. As the world markets confront a massive stagflation shock, these factors have caused oil prices to rise.   The...

The International Monetary Fund has stated that the events in Ukraine and related sanctions on Russia are having a substantial impact on the global economy and financial markets. "Despite the fact that the situation is exceedingly fluid and forecasting is nearly impossible, the economic...

The Chinese authorities have announced the need to intensify oil and gas exploration and development activities in 2022, according to the country's socio-economic development plan released on Saturday. "It is necessary to build up its own resource production capacity, intensify exploration and...

The US unemployment rate fell to 3.9% in February from 4% in January, while the number of non-farm jobs in the US economy rose by 400,000 after increasing by 467,000, according to analysts polled by DailyFX. The US Department of Labor will release these statistics on Friday, March 4. Meanwhile,...