
-
Paraguay gold rush leaves tea producers bitter
-
Health concerns swirl as Bolivian city drowns in rubbish
-
Syria says deadly Israeli strikes a 'blatant violation'
-
Financial markets tumble after Trump tariff announcement
-
Starbucks faces new hot spill lawsuits weeks after $50mn ruling
-
Europe riled, but plans cool-headed response to Trump's tariffs
-
'Shenmue' voted most influential video game ever in UK poll
-
New coal capacity hit 20-year low in 2024: report
-
Revealed: Why monkeys are better at yodelling than humans
-
Key details on Trump's market-shaking tariffs
-
'A little tough love': Top quotes from Trump tariff talk
-
US business groups voice dismay at Trump's new tariffs
-
Grealish dedicates Man City goal to late brother
-
US tariffs take aim everywhere, including uninhabited islands
-
Trump sparks trade war with sweeping global tariffs
-
Israeli strikes hit Damascus, central Syria; monitor says 4 dead
-
Slot 'hates' offside rule that gave Liverpool win over Everton
-
US stocks end up, but volatility ahead after latest Trump tariffs
-
Barca oust Atletico to set up Clasico Copa del Rey final
-
Mourinho grabs Galatasaray coach's face after losing Istanbul derby
-
Grealish strikes early as Man City move up to fourth in Premier League
-
Reims edge out fourth-tier Cannes to set up PSG French Cup final
-
Liverpool beat Everton as title looms, Man City win without Haaland
-
Jota wins bad-tempered derby as Liverpool move 12 points clear
-
Inter and Milan level in derby Italian Cup semi
-
Stuttgart beat Leipzig to reach German Cup final
-
Trump unveils sweeping global tariffs
-
Italian director Nanni Moretti in hospital after heart attack: media
-
LIV Golf stars playing at Doral with Masters on their minds
-
Trump unveils sweeping 'Liberation Day' tariffs
-
Most deadly 2024 hurricane names retired from use: UN agency
-
Boeing chief reports progress to Senate panel after 'serious missteps'
-
Is Musk's political career descending to Earth?
-
On Mexico-US border, Trump's 'Liberation Day' brings fears for future
-
Starbucks faces new hot spill lawsuit weeks after $50mn ruling
-
Ally of Pope Francis elected France's top bishop
-
'Determined' Buttler leads Gujarat to IPL win over Bengaluru
-
US judge dismisses corruption case against New York mayor
-
Left-wing party pulls ahead in Greenland municipal elections
-
Blistering Buttler leads Gujarat to IPL win over Bengaluru
-
Tesla sales slump as pressure piles on Musk
-
Amazon makes last-minute bid for TikTok: report
-
Canada Conservative leader warns Trump could break future trade deal
-
British band Muse cancels planned Istanbul gig
-
'I'll be back' vows Haaland after injury blow
-
Trump to unveil 'Liberation Day' tariffs as world braces
-
New coach Edwards adamant England can win women's cricket World Cup
-
Military confrontation 'almost inevitable' if Iran nuclear talks fail: French FM
-
US stocks advance ahead of looming Trump tariffs
-
Scramble for food aid in Myanmar city near quake epicentre

Stocks recoup some losses after Russia sees 'chance' in Ukraine crisis
Global equities were able to claw back at least some of their earlier losses on Monday after Russia suggested there might be a "chance" of reaching an agreement with the West over Ukraine.
Stocks on Wall Street opened almost flat, even if they subsequently slipped into the red, and European markets -- which had fallen sharply earlier in the session -- managed to recoup some of the lost ground by mid-afternoon.
"The tone changed suddenly... following a headline that Russian Foreign Minister Lavrov said there is a chance for agreement on security issues," said Patrick O'Hare at Briefing.com.
In what appeared to be a possible climbdown amid raging tensions over Ukraine, Russian Foreign Minister Sergei Lavrov told President Vladimir Putin that there was a "chance" of reaching an agreement on security with the West.
"The fact that the door has not been shut to further talks... is a good thing," O'Hare said.
"Hence, the negativity seen earlier has dissipated some, yet there is still a major cloud of uncertainty hanging over the market."
Earlier, markets had fallen even more sharply after the United States warned that Russia could attack Ukraine within days.
Russia's main stock market was down more than four percent while the ruble fell against the dollar.
But even as that small glimmer of hope appeared in the Ukraine crisis, remarks by a top US Federal Reserve official that the central bank needed to accelerate the pace of interest rate increases to fight inflation threatened to dampen some of the nascent optimism.
"Our credibility is on the line here," St. Louis Fed President James Bullard said on CNBC.
After consumer prices saw their biggest jump in 40 years in January, he said the Fed should "front load" rate increases to rise by a full point by July.
- $100 oil? -
The Ukraine crisis also sent oil prices sharply higher amid a pick-up in crude demand as economies reopen after the coronavirus pandemic and people return to a more normal life.
In earlier Asian deals, Brent had climbed as high as $96.16 and WTI crude to $94.94 per barrel, stoking renewed concern over elevated inflation.
"Russia is the world's second-largest exporter of crude oil and the largest exporter of natural gas," said Commerzbank analyst Carsten Fritsch.
"If Russia invades Ukraine, crude oil and natural gas prices can be expected to surge significantly. In this case, Brent would probably exceed $100 per barrel."
Europe has for months already suffered from soaring natural gas prices, which have fuelled rocketing domestic energy prices and sparked decades-high inflation.
"In the event of a Russia-Ukraine escalation we could be seeing a significant increase in domestic energy prices since much of Europe is heavily reliant on Russian oil and gas supplies," said XTB analyst Walid Koudmani.
"As energy prices have been a key contributor to the recent record levels of inflation, a further increase could spill over into the majority of the economy and potentially hinder an already fragile post-pandemic economic recovery."
- Key figures around 1440 GMT -
New York - Dow: DOWN 0.2 percent at 34,668.67 points
London - FTSE 100: DOWN 1.7 percent at 7,532.39
Frankfurt - DAX: DOWN 2.1 percent at 15,092.66
Paris - CAC 40: DOWN 2.5 percent at 6,835.50
EURO STOXX 50: DOWN 2.3 percent at 4,057.87
Tokyo - Nikkei 225: DOWN 2.2 percent at 27,079.59 (close)
Hong Kong - Hang Seng Index: DOWN 1.4 percent at 24,556.57 (close)
Shanghai - Composite: DOWN 1.0 percent at 3,428.88 (close)
Brent North Sea crude: DOWN 0.7 percent at $93.82 per barrel
West Texas Intermediate: DOWN 0.7 percent at $92.47 per barrel
Euro/dollar: DOWN at $1.1326 from $1.1350 late Friday
Pound/dollar: DOWN at $1.3531 from $1.3564
Euro/pound: UP at 83.70 pence from 83.68 pence
Dollar/yen: UP at 115.43 yen from 115.42 yen
burs-spm/kjm
X.Karnes--AMWN