By Scott Murdoch and Liz Lee SYDNEY/KUALA LUMPUR (Reuters) - Malaysia's Top Glove Corp Bhd has postponed a plan to raise $347 million in a Hong Kong l.
The West’s moves to punish Russia for invading Ukraine have turbocharged global commodity and energy markets, sending prices soaring and threatening to derail the nascent recovery from the coronavirus pandemic.
Mining group BHP warned on Tuesday of the impact of surging commodity prices on already skyrocketing inflation following Russia’s invasion of Ukraine, while nickel trading was suspended in London after prices more than doubled. Oil, metal and other commodities prices have soared as fighting in Ukraine has intensified. Oil rose past $126 a barrel on .
The West’s moves to punish Russia for invading Ukraine have turbocharged global commodity and energy markets, sending prices soaring and threatening to derail the nascent recovery from the coronavirus pandemic.