MOSCOW (Reuters) – Britain called on Thursday for Europe to hold firm over Ukraine’s right to join NATO, as Prime Minister Boris Johnson visited the alliance headquarters to rally allies and sent his foreign secretary to Moscow with a warning not to invade.British Prime Minister Boris Johnson leaves 10 Downing Street in London, Britain, February 9, 2022. REUTERS/Tom NicholsonRussia has […]

New York (CNN Business)Oil prices could soar to $120 a barrel if Russia’s crude exports are derailed by tensions with Ukraine, according to projections from JPMorgan. The forecast underscores how a potential invasion of Ukraine would cause wide-ranging ripple effects that would be felt by inflation-weary consumers around the world. “Any disruptions to oil flows from Russia in a context […]

Central banks including the Reserve Bank would reap substantial benefits by issuing their own digital currencies but have been warned by the International Monetary Fund (IMF) the foray into new technology could also undermine public trust in the entire financial system. In a paper released overnight examining the future of central bank digital currencies (CBDCs), the IMF found there was […]

The Commonwealth Bank first-half cash profits swelled by almost a quarter to $4.7 billion and it will return a further $2 billion to investors through a share buyback, as the banking giant’s bottom line benefited from market share gains and lower provisions for bad debts. CBA on Wednesday reported it had grown faster than the market in mortgages, deposits and […]

FILE PHOTO: A stationary bicycle inside of a Peloton store is pictured in the Manhattan borough of New York City, U.S., January 25, 2022. REUTERS/Carlo Allegri/File Photo(Reuters) – Peloton Interactive Inc’s shares jumped 22% premarket on Monday after reports of takeover interest from Amazon.com Inc and Nike Inc in the exercise bike maker that recently lost a majority of its […]