U.S. retail sales probably rose in February as consumer spending stabilized, data in the coming week may show.
Republicans in the U.S. Congress are urging swift sanctions against Russia for its incursion into Ukraine, while Democrats want to give President Barack Obama’s administration room to maneuver.
Oil traders are betting that Europe is too hooked on Russian fuel for the region to back energy sanctions against President Vladimir Putin.
The Organization of Petroleum Exporting Countries will reduce crude exports this month as refiners in Asia prepare for seasonal maintenance, according to tanker-tracker Oil Movements.
In Hezbollah’s Beirut stronghold, shoppers are avoiding Osama Assaf’s cakes.
India, Asia’s second-biggest energy user, is in talks with Saudi Arabia and Kuwait for better terms on oil contracts as surging U.S. output frees up supplies.
South Korea, where Standard Chartered Plc has written down $1 billion from its domestic unit, will “remain challenged” in the near term, said Jaspal Bindra, head of the lender’s Asian business.
Iron ore exports from half-a-dozen “off-the-radar” nations such as Peru and Iran are helping tip the $159 billion global iron ore market toward oversupply.
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