The United States and European nations voted on Saturday to impose the most harsh sanctions yet on Russia in response to Moscow's invasion of Ukraine. The latest sanctions target Russia's central bank reserves, with the goal of cutting Russian institutions off from a key global financial network....

President Vladimir Putin "must and will fail," senior European Union leaders warned on Friday as they agreed to fresh sanctions in response to his invasion of Ukraine, claiming he was attempting to return Europe to an era of empires and clashes.   Following Putin's declaration of war, Russia...

Despite the fact that Russia has spent the previous seven years reinforcing its financial defences, its economy is unlikely to be able to withstand the Western sanctions in the long run.   Following President Vladimir Putin's decision to recognise the independence of two Ukrainian regions,...

In an attempt to curb the rise in energy prices, the U.S. intends to conduct commodity interventions at the expense of the strategic reserve of oil. The country is now negotiating similar measures with other major global consumers, U.S. President Joe Biden said. In a speech on the situation in...

U.S. GDP rose 6.9 percent year-over-year last quarter and according to the second estimate (if GDP had grown at the same rate for four consecutive quarters), according to analysts polled by Daily FX. The release will be issued by the U.S. Commerce Department's Bureau of Economic Analysis on...

According to trading statistics, global oil prices advanced to 5% on Thursday, with April Brent futures topping $102 a barrel for the first time since September 5, 2014, and May futures quotes around $98 a barrel. Brent crude oil futures increased 4.7 percent to $101.4 a barrel in April, after...

After Russian President Vladimir Putin launched a 'special military operation' in the eastern region of Ukraine on Thursday early morning, the price of Brent crude went past $100 a barrel, which is the highest for it in the last seven years. Later in the day,...

Russia has launched "special military operations" in Ukraine's Donbas area, as Russian President Vladimir Putin urged other regions of the nation not to meddle in the military operations or suffer repercussions.   Even while the military campaign was underway and the threat of a...

Global steel production in January stood at 155 million tonnes, down 6.1% year-on-year, according to World Steel Association (WSA) data. CIS countries, according to preliminary data, increased steel output by 2.1% to 9 million tonnes. EU countries produced 11.5 million tonnes of steel (down 6.8%),...