A group of Ukrainian women demonstrate to call for further action against Russia near the headquarters of the EU Commission in Brussels, Belgium. Thierry Monasse | Getty Images News | Getty Images LONDON — Reflecting on energy markets just over one month into Russia’s onslaught in Ukraine, Saudi Arabia’s top energy official said: “Look at what is happening today, who …
Stagflation is making a comeback, according to former Morgan Stanley Asia chairman Stephen Roach. He warns the U.S. is on a dangerous path that leads to higher prices coupled with slower growth. “This inflation problem is widespread, it’s persistent and likely to be protracted,” Roach told CNBC’s “Fast Money” on Thursday. “The markets are not even close to discounting the …
A Swedish soldier takes part in exercises on May 17, 2022. Her country, along with Finland, now wants to join NATO. Jonathan Nackstrand | Afp | Getty Images Russia has become increasingly isolated from the rest of Europe over the last 30 years, and maps of the continent illustrate just how drastic the change has been. Finland and Sweden this …
Morgan Stanley analysts have named their top global stock picks in a choppy market, saying all of them look cheap right now. While Morgan Stanley — like other banks — remains cautious on stocks, given persistently high inflation, slowing global growth and the Ukraine war, it identified several “key overweights” in a note dated May 11. “Let’s keep it simple …
PARIS — The United States and the European Union are looking at how to improve food supply chains with export restrictions from India and other nations accentuating global problems, the EU’s trade chief told CNBC. G-7 foreign ministers warned over the weekend that the war in Ukraine is increasing the risk of a global hunger crisis. This is because Ukraine …
India, the world’s second-biggest wheat producer, has blocked all exports of the grain with immediate effect. Bloomberg | Bloomberg | Getty Images India banned wheat exports with immediate effect on Saturday, just days after saying it was targeting record shipments this year, as a scorching heatwave curtailed output and local prices hit an all-time high amid strong export demand. The …
Russia has “considerable firepower” and it’s reckless to talk about defeating the country, according to a former economic advisor to the Soviet Union. Jeffrey Sachs, now an economics professor at Columbia University, said the U.S. seems to believe it can beat Russia militarily, and the West is supporting Ukraine in its effort to push Russia out. “With that view, Ukraine …
HSBC says a "generational shift" in energy policy could be on the horizon— and names the stocks it thinks could benefit. Source link
Hungary Prime Minister Viktor Orban — a longtime ally of Russian President Vladimir Putin — has said that ending Russian oil purchases would be an “atomic bomb” on Hungary’s economy. Attila Kisbenedek | Afp | Getty Images The European Union is struggling to approve a sixth round of sanctions against Russia with a few nations pushing back on a proposed …
As interest rates in the U.S. rise, investors can put their money to work by looking at companies in the S&P 500 that can “increase their prices” and “maintain margins,” Kevin O’Leary told CNBC. “There’s plenty of them. That’s a good place to hide when you’re getting a 2% dividend yield,” the celebrity investor said Thursday on “Squawk Box Asia.” …
