Currencies
The result underscores a growing split in Europe, with some countries that escaped Moscow s orbit rallying around Euro-Atlantic solidarity and populists elsewhere trying to foment a backlash. Relentless dollar rally raises bets on interventions. Euro-area price increases have outpaced the US for two straight months.
Oil
Carlsberg converted a brewery in Denmark to run on oil instead of gas, while Volkswagen shelved a plan to switch its German power plants from coal to gas. Economic and political turmoil roils UK, OPEC+ considers production cut, another defeat for Putin and challenges faced by Cred View in browser Good morning. Economic and political turmoil roils UK, OPEC+ considers production cut, another defeat for Putin and challenges faced by Credit Suisse. Gas Off | Russia s state-controlled Gazprom suspended natural gas deliveries to Italy in an apparent scuffle over regulation in Austria, deepening the energy crisis in Europe.
German glassmaker Schott is working to replace the natural gas it uses with propane, which has escaped the price shocks of other fuels.
German glassmaker Schott is working to replace the natural gas it uses with propane, which has escaped the price shocks of other fuels.
United States
A large output cut may draw criticism from the US and other major consuming-nations, where energy-driven inflation has forced central banks to aggressively jack up interest rates. The Personal Consumption Expenditures deflator, compiled as part of the calculations of gross domestic product, is the Fed s favored measure of inflation. Isabelle Lee A Reason to Relent The economy is not as yet giving the Fed a compelling case to stop hiking, let alone pivot.
Back in 2009, UBS Group AG was thought to be in a very tenuous situation, while confidence in Credit Suisse was relatively unaffected. When Lehman Brothers was on the precipice in September 2008, everyone knew about it, and nobody in Wall Street could talk of anything else.
Back in 2009, UBS Group AG was thought to be in a very tenuous situation, while confidence in Credit Suisse was relatively unaffected. When Lehman Brothers was on the precipice in September 2008, everyone knew about it, and nobody in Wall Street could talk of anything else.
China
A little more than a week ago, rumors of a coup against President Xi Jinping in China trended on Twitter.
Europe
Kevin Whitelaw What s Happening Target Moscow | EU ambassadors will continue discussions on the bloc s eighth sanctions package today.
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