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G7 push to use Russian assets for Ukraine 'vital and urgent': Yellen
G7 push to use Russian assets for Ukraine 'vital and urgent': Yellen
by  AFP

It is "vital and urgent" for the United States and allies to find a way to tap immobilized Russian assets in helping Ukraine, US Treasury Secretary Janet Yellen said in prepared remarks released Monday. "I believe it's vital and urgent that we collectively find a way forward to unlock the value of Russian sovereign assets immobilized in our jurisdictions for the benefit of Ukraine," she said.

US inflation fight will take 'further time': senior Fed official
US inflation fight will take 'further time': senior Fed official
by  AFP

The US Federal Reserve should keep interest rates at their current elevated levels for longer than previously expected due to disappointing recent inflation data, a senior bank official said Monday. "We are not yet all the way to our target of two percent," he said in prepared remarks, noting the "disappointing" recent inflation data.

Ruto on first state visit by Kenyan leader to US in two decades
Ruto on first state visit by Kenyan leader to US in two decades
by  AFP

Kenyan President William Ruto meets his US counterpart Joe Biden in Washington this week, with the crisis in Haiti and efforts to build trade ties likely to top the agenda. Thursday's Biden-Ruto talks will focus on trade and security partnerships including Kenya's pledge to lead a UN-backed multinational mission seeking to restore order in Haiti, which has been wracked by gang-fuelled anarchy.

Crunch time looms for BHP's bid buy Anglo American
Crunch time looms for BHP's bid buy Anglo American
by  AFP

Mining behemoth BHP must overcome major hurdles to salvage its faltering pursuit of rival Anglo American, analysts said Monday as a midweek deadline over the seismic takeover bid approaches. BHP did not reply to a request for comment from AFP. Anglo American said: "UK laws restrict us from commenting ahead of the deadline." sft/arb/dan

Markets rise as traders cheered by China property plan
Markets rise as traders cheered by China property plan
by  AFP

Equities rose Monday, extending a rally in New York that saw the Dow close at a record high, with sentiment boosted by China's plan to support its struggling property sector and hopes for a US interest rate cut.

Ryanair annual profit jumps on higher demand, fares
Ryanair annual profit jumps on higher demand, fares
by  AFP

Irish no-frills carrier Ryanair on Monday said group net profit jumped a third to 1.92 billion euros in its financial year as higher demand and fares offset ballooning fuel costs. This helped offset a fuel bill up almost around a third to 5.1 billion euros.