Although Europe's decision to ban Russian coal will affect a major source of Moscow's revenue, it risks soaring electricity prices on the old continent, amid tight global supplies. The European Union on Friday formally adopted the fifth package of sanctions…
Continue ReadingSterling falls against the euro following the release of ECB minutes. Sterling fell against a stronger euro on Thursday, as the minutes of the European Central Bank's March meeting were more hawkish than expected. At their March 10 meeting, ECB…
Continue ReadingToday, Thursday, oil prices returned to rise again, to compensate for some of the losses they incurred during trading on Wednesday, when they fell to their lowest level in 3 weeks. Oil prices started trading on the rise today, but…
Continue ReadingRomania's central bank raises the key interest rate to 3%, predicting higher inflation. On Tuesday, Romania's central bank raised its benchmark interest rate by half a percentage point to 3%, predicting that inflation would rise faster than expected due to…
Continue ReadingSouth Korea has taken new measures to counter the inflation caused by high oil prices, by increasing the fuel tax cuts that began in November for a period of 6 months and intends to extend them for another 3 months.…
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