By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar surged to a nearly two-year high on Wednesday after minutes of the last Federal Reserve meeting reinforced expectations of multiple half percentage-point rate increases to control soaring infl…
China’s services sector activity squeezed by Omicron surge – Caixin PMI
BEIJING (Reuters) – Activity in China’s services sector contracted at the steepest pace in two years in March as the local surge in coronavirus cases restricted mobility and weighed on client demand, a private sector survey showed on Wednesday. The Cai…
Russia bombards and U.S. imposes sanctions as Ukraine urges decisive help
By Natalia Zinets and Conor Humphries LVIV, Ukraine/DUBLIN (Reuters) – Russian forces bombarded cities in Ukraine as the United States imposed more sanctions on Wednesday after civilian killings widely condemned as war crimes and Ukraine’s President ur…
U.S. approves $95 million boost to Taiwan’s air defense system
WASHINGTON (Reuters) -The U.S. State Department has approved the potential sale to Taiwan of equipment, training and other items to support the Patriot Air Defense System in a deal valued at up to $95 million, the Pentagon said on Tuesday. Chinese-clai…
Canada’s Trudeau invites Mexican president to event supporting Ukraine
MEXICO CITY (Reuters) – Canadian Prime Minister Justin Trudeau on Tuesday invited Mexican President Andres Manuel Lopez Obrador to take part in an event supporting Ukrainian victims of the conflict with Russia, amid criticism that Mexico has been too a…
Ukraine and Russia: What you need to know right now
(Reuters) – Artillery pounded key cities in Ukraine on Wednesday, as its president urged the West to act decisively in imposing new and tougher sanctions being readied against Russia in response to civilian killings widely condemned as war crimes. ECON…
Ukraine and Russia: What you need to know right now
(Reuters) – The United States and its allies were set on Wednesday to impose new sanctions on Moscow over civilian killings in northern Ukraine, which President Volodymyr Zelenskiy described as “war crimes” demanding commensurate punishment. BUCHA DEAT…
ECB could raise interest rates back to zero this year – Wunsch
FRANKFURT (Reuters) – The European Central Bank could raise interest rates back to zero already this year to fight high inflation, Belgian central bank chief Pierre Wunsch said in a magazine interview, joining a growing group of policymakers now openly…
U.S., allies to ban investments in Russia, sanction banks on Wednesday
By Andrea Shalal and Nandita Bose WASHINGTON (Reuters) -The United States and its allies will on Wednesday impose new sanctions on Russian banks and officials and ban new investment in Russia, the White House said, after officials in Washington and Kyi…
In U.N. speech, Ukraine’s Zelenskiy accuses Russia of worst war crimes since WW2
By Michelle Nichols, Humeyra Pamuk and Doina Chiacu UNITED NATIONS (Reuters) -Ukrainian President Volodymyr Zelenskiy told the United Nations Security Council that “accountability must be inevitable” for Russia as he accused invading Russian troops of …