Breaking News, Latest Philippines Headlines, World, Entertainment, Politics, Weather & Video News
LONDON, United Kingdom (AFP) — World oil prices jumped Tuesday with WTI crude hitting a fresh 2014 peak, as traders fretted over fallout from key producer Russia’s invasion of Ukraine. New York’s West Texas Intermediate (WTI) soared as high as $101.53 per barrel in early afternoon deals. Brent leapt to $104.60, approaching its 2014 peak of $105.79 that was struck last Thursday as Russia launched its assault on Ukraine. “Traders and investors are increasingly worried […]
NEW YORK, United States (AFP) — Oil prices surged Monday while the ruble collapsed and global stocks mostly retreated after world powers imposed new sanctions on Russia over its invasion of Ukraine. Western powers added to the growing litany of penalties on Moscow, with the United States and Canada banning all transactions with Russia’s central bank and the European Union adding more close allies of President Vladimir Putin to its sanctions blacklist. Russian President Vladimir […]
Russian President Vladimir Putin on Monday banned residents from transferring money abroad as part of measures to prop up the ruble which has plummeted in value as a result of Western sanctions over Russia’s invasion of Ukraine. A decree signed by Putin also said that exporters would be required to hold at least 80 percent of revenue in rubles in a move to prop up the Russian economy. jbr/spm © Agence France-Presse
MOSCOW, Russia (AFP) — Russia’s central bank announced Monday it was raising its key interest rate to 20 percent from 9.5 percent as the West pummelled the country with sanctions over Moscow’s invasion of Ukraine. “The Bank of Russia’s board of directors has decided to raise the key rate to 20 percent,” the central bank said in a statement. It said it was taking the emergency measure because the Russian economy’s situation had “drastically […]
PARIS, France (AFP) — Exclusion from SWIFT, a very discreet but important cog in the machinery of international finance, is one of the most disruptive sanctions the West has deployed against Russia for its invasion of Ukraine. The move had been threatened in recent weeks by the United States, the European Union and other Western allies as a means of escalating punishment of Russia for its aggressions against its ex-Soviet neighbour. On Saturday, as […]
WASHINGTON, United States (AFP) — Western allies on Saturday agreed on a new volley of financial sanctions against Russia over its invasion of Ukraine, including taking the key step of banishing a number of Russian banks from the SWIFT interbank system. In a joint statement, the White House said the group of world powers were “resolved to continue imposing costs on Russia that will further isolate Russia from the international financial system and our […]
SAN FRANCISCO, United States (AFP) — Facebook on Friday restricted Russian state media’s ability to earn money on the social media platform as Moscow’s invasion of neighboring Ukraine reached the streets of Kyiv. “We are now prohibiting Russian state media from running ads or monetizing on our platform anywhere in the world,” Nathaniel Gleicher, the social media giant’s security policy head, said on Twitter. He added that Facebook would “continue to apply labels to […]
Japan will impose sanctions on Russia targeting semiconductor exports and financial institutions, Prime Minister Fumio Kishida said Friday after G7 leaders agreed to punish Moscow economically for invading Ukraine. The announcement came after Russian President Vladimir Putin unleashed a full-scale ground invasion and air assault on Thursday, with deadly battles reaching the outskirts of Kyiv. Kishida said the world’s third-largest economy planned “asset freezes and the suspension of visa issuance for Russian individuals and organisations” as […]
Washington said the penalties will be severe, and will have lasting impact on Russia’s economy, even though the tried to “mitigate” costs on American and European consumers, who already face rising oil prices. Here are the highlights of the measures: – Hitting major banks – The Treasury added five more Russian banks to the sanctions list including country’s the two largest, both majority owned by the government, although each faced penalties with differing severity. Sberbank, […]
IMF Managing Director Kristalina Georgieva on Thursday warned the conflict in Ukraine will have repercussions for the global economic recovery. Following Russia’s invasion of its neighbor, Georgieva said she was “deeply concerned,” and cautioned that the fighting “adds significant economic risk for the region & the world.” The International Monetary Fund continues to assess the economic impact, but will “stand ready to support our members as needed,” she said on Twitter. The Washington-based crisis lender […]
Russia’s assault on Ukraine is reverberating in the energy-rich Gulf, where top oil and gas producers face economic and political dilemmas in easing sky-high prices and alleviating shortages in Europe. As oil prices broke past $100 per barrel and risks of supply disruptions grew, eyes in Europe were increasingly focusing on oil kingpin Saudi Arabia, and Qatar, one of the biggest natural gas exporters. And the calculations in Riyadh and Doha are much more nuanced […]
World oil prices on Thursday breached $100 for the first time in more than seven years, this time on supply fears after major producer Russia attacked Ukraine. European benchmark Brent North Sea crude surged more than eight percent to $105.79 per barrel — the highest level since 2014. US contract West Texas Intermediate reached $100.54 per barrel, also a peak last seen more than seven years ago. That capped a meteoric rise over almost two […]
