Ukraine Financial News

World Bank President Ajay Banga said on Tuesday that the Israel-Gaza conflict is an unnecessary global economic shock that will make it harder for central banks to achieve soft landings in many economies if it spreads. «It's a humanitarian tragedy and it's an economic shock we don't need,» Banga told Reuters on the sidelines of the World Bank-International Monetary Fund annual meetings in Morocco. Central banks were «beginning to feel a little more confident that there was an opportunity for a soft landing, and this just makes it harder», Banga said. Banga said there was less immediate economic impact than at the start of Russia's invasion of Ukraine last year because the Israel-Gaza conflict does not impact exports of oil, grains and fertilizers. But it does transmit through financial markets, with dollar assets suddenly rising, he said. Inflation has come down in recent months, prices and wages were stabilizing and markets had become used to the idea that rates would stay higher for longer, Banga said, adding that another prolonged conflict could upset those dynamics. «It's the side effects of all that.

UEFA said Tuesday it had abandoned plans to re-admit Russian under-17 teams into the youth European Championship next year. «No technical solution to allow Russian teams to play could be found,» UEFA said. In September, UEFA reinstated Russian youth teams to its competitions, having suspended the country's senior sides due to the ongoing war in Ukraine. UEFA argued that youth players should not have to pay the price for the actions of adults. That decision sparked anger in Kyiv, which said in response it would boycott all UEFA competitions featuring Russian teams. On Tuesday, Kyiv thanked UEFA for scrapping the plans.

'Easing prematurely would squander the gains achieved in the past 18 months,' the IMF said.

Investing.com -- The International Monetary Fund has maintained its global growth forecast for 2023, but slashed its projection for next year, predicting a «slow and uneven» recovery for the world economy from the COVID-19 pandemic and the outbreak of the war in Ukraine.

U.K. Labour Party leader Keir Starmer is delivering what amounts to a public job interview for the post of prime minister

For currency traders, it’s hard to be a bull of anything except the dollar, it seems.

World shares are higher after Wall Street advanced on potentially encouraging news about interest rates, which have been dragging markets lower since the summer

The International Monetary Fund warns that the world economy has lost momentum from the impact of higher interest rates, the invasion in Ukraine and widening geopolitical rifts

The annual meetings of the International Monetary Fund and World Bank kick off this week against a backdrop of escalating global conflict and debt distress.

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Russia's economy will grow by 1.1% in 2024, slower than previously forecast, the International Monetary Fund said, after significant spending and resilient consumption in a stretched labour market support growth of 2.2% this year. Moscow plans to allocate almost a third of increased budget spending next year to defence as it diverts more resources towards its invasion of Ukraine. Reuters reported exclusively in August that Russia had doubled its 2023 defence spending target. «The rise in growth reflects a substantial fiscal stimulus, strong investment, and resilient consumption in the context of a tight labour market,» the IMF said on Tuesday in its World Economic Outlook, in reference to this year's forecast. Russia's economy ministry expects gross domestic product (GDP) to expand 2.8% this year, bouncing back from a 2.1% decline in 2022.

Alongside the £4.6trn managed for UK retail and institutional investors, a further £4.2trn is managed on behalf of overseas investors.

United Nations: Russia faces a tough fight to regain a seat in the U.N.'s premiere human rights body in Tuesday's election in the General Assembly, which voted last year to suspend Moscow after its invasion of Ukraine. The 193-member assembly will be electing 15 members to the Geneva-based Human Rights Council, with candidates put forward by the U.N.'s five regional groups.

Geopolitics is often ignored in financial markets. For reasons best known to them, investors and traders don’t think it’s as important as other factors that move markets. The best example of this was the Russia-Ukraine war.

Amit Sachdeva, India Equity Strategist, HSBC Securities, says “there are two vulnerabilities for India; one is obviously a geopolitical crisis. If it spirals out of control, then it might weigh on India's investment case. But US bond yields have also risen quite sharply. That has seen some outflow as well. But if you look at the overall picture for India's Goldilocks scenario, I would hazard a guess that India is in a decisive bull run and we are in the middle of it right now.” What is your take on the Israel-Palestine war? The way both local and global markets have been resilient, it looks like markets are saying this is not Russia and Ukraine. This is very localized and is unlikely to have a financial disruption. Geopolitical situations are always interesting and also hard to predict. One thing can lead to another. I am not going to call that out, to be honest. But the market obviously has taken a view that the situation will be contained. It would not spiral out of control, et cetera. So at least the market has taken that view. My sense is that could probably be the fair view as well. But more importantly, India's context is very interesting because India has been an outperforming region three years in a row. That makes many people wonder whether these rallies can continue. But I think we need to drill down into the entire Goldilocks scenario of India.

Global markets took a hit today as tensions between Israel and Hamas escalated into full-blown warfare over the weekend. The conflict has caused ripples across asset classes, sending emerging stocks and cryptocurrencies on a downward trend while boosting the value of oil and precious metals.

Britain’s main opposition Labour Party says it will focus on economic growth rather than higher taxes to “rebuild” the country after more than a decade of Conservative rule

WASHINGTON (Reuters) — The U.S. Army on Monday said it would need Congress to approve additional funding to ensure the Pentagon's munitions production and acquisition plans can potentially meet the needs of both Israel and Ukraine simultaneously.

By Giuseppe Fonte and Gavin Jones

By Alexander Marrow

₹100 crore of the ₹397 crore it owes him. According to the high court's 24 August order, the airline was instructed to pay ₹100 crore to Maran by 10 September. In the arbitration award execution case, Maran had claimed SpiceJet forfeited its right to be heard in court by wilfully disobeying orders.