Oil falls 3% as Fed rate hike talk spooks risk markets

Author of the article: U.S. gasoline prices jumped 11% over the past week to the highest since 2008 as global sanctions cripple Russia’s ability to export crude oil after its invasion of Ukraine, automobile club AAA said on Sunday. AAA said average U.S. regular grade gasoline prices hit $4.009 per gallon on Sunday, up 11%…

This advertisement has not loaded yet, but your article continues below. Author of the article: Article content TOKYO — Japanese retail sales rose 1.9% in November from a year earlier, government data showed on Monday. That compared with a median market forecast for a 1.7% gain. To view full tables, go to the website of…

Author of the article: Argentina has been granted an unspecified extension to pay its $2 billion Paris Club debt, the Economy Ministry said on Tuesday, as the country seeks to restructure its foreign debt after sealing a recent deal with the International Monetary Fund. The extension followed Argentina Economy Minister Martin Guzman’s trip to France…

Author of the article: Reuters Tetsushi Kajimoto TOKYO — Japan stands ready to take “decisive” steps in the foreign exchange market if excessive yen moves persist, Finance Minister Shunichi Suzuki said on Monday, in a new warning against investors selling off the currency. “It’s important for currencies to move stably as sharp and one-sided moves…