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Economy

“Wheat prices soar for a third day as Russia-Ukraine tensions stoke fears of major food crisis”

“Wheat prices rose on Thursday after Russia threatened to treat ships heading for Ukrainian ports as military cargo carriers, deepening fears of a global food security crisis. It marks the third consecutive day of price rises. The most actively traded… Continue Reading…

Economy

“Russia and Ukraine Finally Reach A Grain Export Agreement”

“EDITOR’S NOTE: Perhaps there was some hope that global grain prices would ease as soon as Russia and Ukraine reached a grain export agreement, allowing the latter to resume its exports. If anything, it would have helped ameliorate the global… Continue Reading…

Energy

“Analysis: Ukraine war rekindles Europe’s demand for African oil and gas”

“Europe’s thirst for oil and gas to replace sanctioned Russian supply is reviving interest in African energy projects that were shunned due to costs and climate change concerns, industry executives and African officials said. Energy firms are considering projects worth… Continue Reading…

Economy

“Jamie Dimon says ‘brace yourself’ for an economic hurricane caused by the Fed and Ukraine war”

“JPMorgan Chase CEO Jamie Dimon says he is preparing the biggest U.S. bank for an economic hurricane on the horizon and advised investors to do the same… “You’d better brace yourself,” Dimon told the roomful of analysts and investors. “JPMorgan is bracing ourselves… Continue Reading…

Economy

“Food prices soar to record levels on Ukraine war disruptions”

“Prices for food commodities like grains and vegetable oils reached their highest levels ever last month largely because of Russia’s war in Ukraine and the “massive supply disruptions” it is causing, threatening millions of people in Africa, the Middle East and… Continue Reading…

Economy

“War has brought the world to the brink of a food crisis”

“…Record high natural gas prices have forced the company he runs, fertilizer producer Yara International, to curtail its production of ammonia and urea in Europe to 45% of capacity. With less of those two essential agricultural ingredients, he expects knock-on effects… Continue Reading…

Precious Metals

“Palladium steadies from record high on Ukraine crisis”

“Palladium briefly reached a record high on Monday amid fears of supply disruptions in the wake of an escalating Russia-Ukraine crisis. Spot gold rose 1.5% to $1,997.91and briefly scaled the $2,000 mark, an all-time high since Aug. 19, 2020. U.S. gold futures rose about… Continue Reading…

Economy, Energy

“…Americans are warned to budget for $5-A-GALLON gas as oil prices surge during Russian invasion of Ukraine and US national average rises to $3.61”

“Americans can expect to see gas prices to rise to $5 a gallon in the coming weeks, as the cost of oil continues to rise in the days following Russia’s invasion of Ukraine, experts say – and some parts of California… Continue Reading…

Economy, Energy

“Energy Prices Surge on Ukraine With Oil Closing In on $100”

“European natural gas led the gains with as much as 13% rise, helped higher by Germany halting the approval process of the controversial Nord Stream 2 pipeline. Brent oil closed in on $100 a barrel, and power and coal prices… Continue Reading…

Economy, Stocks

“…Stock futures flat as investors monitor Russia-Ukraine tensions”

“U.S. stock futures bounced back from overnight lows Tuesday morning but remained below the flatline to start the holiday-shortened week as investors continued to monitor tensions between Russia and Ukraine and await the Kremlin’s next move. Futures on all three major indexes… Continue Reading…