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European stocks vault 2% as Putin hints at progress with Ukraine talks
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Ukraine’s farmers stalled, fueling fears of global food shortages
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External factors force pause in Iran nuclear talks, EU says
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Putin says Russia to use Middle East volunteer fighters against Ukraine
Russia regroups after setbacks; Ukraine says psychiatric hospital hit
Date: March 11, 2022
By Pavel Polityuk and Natalia Zinets LVIV, Ukraine (Reuters) – Russian forces bearing down on Kyiv are regrouping northwest of the Ukrainian capital, satellite pictures showed, and Britain said on Friday Moscow could now be planning an assault on the city within days. Ukraine accused Russian forces of hitting a psychiatric hospital near the eastern...
Stocks rebound from inflation selloff, but head for 5th weekly fall
Date: March 11, 2022
By Tommy Wilkes LONDON (Reuters) – Stocks rose on Friday as investors clung to hopes the global economy would continue to grow despite the war in Ukraine and yet more evidence central banks will need to tighten policy fast to tame inflation. Data on Thursday showed U.S. inflation at a four-decade high, prompting traders to...
UK economy surges unexpectedly, bolstering case for rate hike next week
Date: March 11, 2022
By Andy Bruce and David Milliken LONDON (Reuters) – Britain’s economy rebounded much more than expected in January from its coronavirus-related lull in late 2021, according to data on Friday, raising – along with soaring inflation – the likelihood of an interest rate hike next week. The Office for National Statistics said gross domestic product...
Global central banks stay inflation-focused, see growth continuing despite war
Date: March 11, 2022
By Howard Schneider, Balazs Koranyi and Leika Kihara (Reuters) -The Russian attack on Ukraine may slow global growth and raise new economic risks, but top central banks are keeping their focus trained on an inflation fight that looks set to intensify as prices soar across the board, from fuel to food. While Europe may be...
Putin says Russia will emerge stronger, sanctions will rebound on West
Date: March 10, 2022
(Reuters) – President Vladimir Putin said on Thursday that sanctions imposed against Russia would rebound against the West, including in the form of higher food and energy prices, and Moscow would solve its problems and emerge stronger. Putin said there had been no alternative to what Russia calls its special military operation in Ukraine and...
Amazon surges as stock split, buyback excite investors
Date: March 10, 2022
(Reuters) – Shares of Amazon.com Inc jumped over 5% after the e-commerce giant’s share split and buyback moves stand to draw more investors to a stock whose recent performance has been lackluster despite skyrocketing since going public 25 years ago. The company on Wednesday announced a 20-for-1 stock split, its first since 1999, and a...