Four Russian regional governors resigned on Tuesday as the country braces for the impact of economic sanctions. The heads of the Tomsk, Saratov, Kirov and Mari El regions announced their Continue Reading
Currency traders are preparing to jettison Russia’s local exchange rate for the ruble on some transactions, a sign of the growing split between the country’s domestic currency market and its Continue Reading
Global stocks on Monday suffered their worst one-day decline since the early months of the coronavirus pandemic in 2020, as investors fret about signs of slowdowns in the world’s large Continue Reading
Employers are trying to hire from an unusually tight pool of workers available. Former Treasury Secretary Lawrence Summers discusses the Federal Reserve’s policy meeting and the outlook for U.S. growth Continue Reading
US stocks have suffered the worst streak of weekly losses in more than a decade after days of tumultuous trading surrounding the Federal Reserve’s decision to raise interest rates by Continue Reading
Russia narrowly avoided a debt default last week, but markets are still priced like it’s on the brink. Bonds are stuck at distressed levels and five-year credit default swaps put Continue Reading
Output per hour slumped an annualized 7.5% in first quarter U.S. Productivity Drops as Labor Costs Jump U.S. productivity dropped in the first quarter by the most since 1947 as Continue Reading
For the past year, America’s job market has run like a well-engineered machine, adding an impressive average of 540,000 workers a month despite a punishing inflation rate, Russia’s ruinous war Continue Reading
A record 4-5mn US workers quit the labour force in March, while the number of job openings hit a new high of 11.5mn, underscoring employers’ struggles to fill positions as Continue Reading
Goldman Sachs Group Inc (GS.N) reduced its total credit exposure to Russia to $260 million in March from $650 million at the end of 2021, the bank said in a Continue Reading
