Putin wants ‘unfriendly’ countries to pay for Russian gas in roubles

LONDON, March 23 (Reuters) – Russia will seek payment in roubles for gas sold to “unfriendly” countries, President Vladimir Putin said on Wednesday, and European gas prices soared on concerns the move would exacerbate the region’s energy crunch. European nations and the United States have imposed heavy sanctions on Russia since Moscow sent troops into … Read more

Chinese Boeing jet crashes in mountains with 132 on board, no sign of survivors

BEIJING, March 21 (Reuters) – A China Eastern Airlines (600115.SS) Boeing 737-800 with 132 people on board crashed in mountains in southern China on a domestic flight on Monday after a sudden descent from cruising altitude. Media said there were no signs of survivors. The airline said it deeply mourned the loss of passengers and … Read more

Households squeezed as U.S. consumer prices accelerate; more pain coming

Consumer price index increases 0.8% in February Gasoline accounts for nearly a third of rise in CPI CPI jumps 7.9% year-on-year; costs of food, rent arises Core CPI rises 0.5%; increases 6.4% year-on-year WASHINGTON, March 10 (Reuters) – US consumer prices surged in February, forcing Americans to dig deeper to pay for rent, food and … Read more

U.S. job growth surge underscores economy’s strength as headwinds rise

Nonfarm payrolls increased 678,000 in February Unemployment rate falls to 3.8% from 4.0% Average hourly flat earnings; up 5.1% year-on-year Average workweek rises to 34.7 hours WASHINGTON, March 4 (Reuters) – US job growth accelerated in February, pushing the unemployment rate to a two-year low of 3.8% and raising optimism that the economy could withstand … Read more

Biden rallies Congress behind Ukraine, says Putin has ‘no idea what’s coming’

WASHINGTON, March 1 (Reuters) – US President Joe Biden assailed Russian President Vladimir Putin, barred Russian flights from American airspace and led Democratic and Republican lawmakers in a rare display of unity on Tuesday in a State of the Union speech dominated by Russia’s invasion of Ukraine. “Let each of us if you’re able to … Read more

U.S. slaps sanctions on Russia’s central bank, threatens more action

An exterior view shows Russia’s Central Bank headquarters in Moscow, Russia March 29, 2021. A sign reads: “Bank of Russia”. REUTERS/Maxim Shemetov Register now for FREE unlimited access to Reuters.com Register WASHINGTON, Feb 28 (Reuters) – The United States on Monday imposed sanctions on Russia’s central bank and other sources of wealth, dealing a crushing … Read more

Russian central bank scrambles to limit fallout of tough sanctions

Feb 27 (Reuters) – Russia’s central bank announced a slew of measures on Sunday to support domestic markets, as it scrambled to manage the broadening fallout of harsh Western sanctions over the weekend in retaliation against Moscow’s invasion of Ukraine. The central bank said it would resume buying gold on the domestic market, launch a … Read more

Investors brace for volatility as West moves to cut Russia off from SWIFT

NEW YORK/LONDON Feb 26 (Reuters) – Investors were preparing on Saturday for more wild gyrations in asset prices after Western nations announced a harsh set of sanctions to punish Russia for its invasion of Ukraine, including blocking some banks from the SWIFT international payments system . New measures announced by the United States, Britain, Europe … Read more