Wall Street banks’ commodities trading exposures are rising, which could leave them vulnerable to large swings in asset values following Russia’s invasion of Ukraine, first quarter earnings disclosures showed.

Some big US banks have again started stockpiling cash to cushion potential loan losses due to growing worries over the war in Ukraine and the impact of inflation on the US economy, although trading continues to be bright spot for Wall Street.

Some big US banks have again started stockpiling cash to cushion potential loan losses due to growing worries over the war in Ukraine and the impact of inflation on the US economy, although trading continues to be bright spot for Wall Street.

The United States has linked North Korean hackers to the theft of hundreds of millions of dollars’ worth of cryptocurrency tied to the popular online game Axie Infinity, the US Treasury Department said on Thursday.

Even for the richest person on the planet, buying Twitter was always going to be a challenge –- a highly complex financial transaction now made even trickier by a defensive “poison pill” move from the platform’s board.

The International Monetary Fund hopes to mobilise around $45 billion for a new trust to help a broader range of countries,

Americans paid more for gasoline, food and other essentials last month amid an ongoing wave of record inflation made worse by Russia’s invasion of Ukraine, according to government data released Tuesday.

An aggressive Federal Reserve, soaring inflation and geopolitical uncertainty from the war in Ukraine are muddying the outlook for the upcoming US earnings season, leaving some strategists wary of surprises as corporate results kick off this week.

Ukraine’s economic output will likely contract by a staggering 45.1 per cent this year as Russia’s invasion has shuttered businesses, slashed exports and rendered economic activity impossible in large swaths of the country, the World Bank said on Sunday.

The United States on Friday broadened its export curbs against Russia and Belarus, restricting access to imports of items such as fertilizer and pipe valves as it seeks to ratchet up pressure on Moscow and Minsk following the Russian invasion of Ukraine.

SVAM, a US-based global information technology services provider, wants to set up a software delivery centre in Bangladesh.

The dominant US services sector saw growth accelerate in March as worker shortages and Covid-19 cases eased, but firms continue to face supply challenges, according to an industry survey released Tuesday.

Bangladesh has an attractive economic sector for investment, US Ambassador Peter Haas said yesterday.

The US labour market has almost recovered from the mass joblessness caused by the pandemic, adding hundreds of thousands of positions last month and sending the unemployment rate nearly to where it was before Covid-19 broke out nationwide.

Citing the need to counteract the  “Putin price hike” following Russia’s invasion of Ukraine, President Biden has announced a sweeping plan to make unprecedented use of US emergency oil stockpiles.

Orders for big-ticket manufactured goods fell for the first time in five months in February amid a slump in business for civilian aircraft manufacturers, US government data said Thursday.

The US Trade Representative’s office said on Wednesday it has reinstated 352 expired product exclusions from US “Section 301” tariffs on Chinese imports, well short of the 549 exclusions that it was previously considering.

The consequences for the global financial system if Russia cannot pay its foreign debts are likely to be “limited,” a senior official at the International Monetary Fund said Tuesday.

Cotton prices rose to their highest level in more than a decade on Monday, due to a prolonged drought in parts of the central United States.

US and British officials will begin two days of meetings in Baltimore on Monday to discuss strengthening trade ties, as the United States and its allies ratchet up pressure on Russia over its war in Ukraine and China for failing to condemn it.