Market News

    World Bank and Japan back $1.2 billion loan for Ukraine's social aid

    The World Bank, with support from Japan, has approved a $1.2 billion loan for Ukraine to bolster its social support systems under the INSPIRE project. This initiative aims to enhance social protection and inclusion for vulnerable groups, including disabled individuals, orphans, and Chornobyl victims. The loan is part of an international effort to meet Ukraine's financing needs through 2024, with the country's social programs being a key focus.

    Oil climbs as Mideast tension back in focus

    Oil futures rose on Monday as geopolitical tension in the Middle East returned to focus, spurring concerns about supply from the region, but uncertainty over OPEC+ voluntary output cuts and global fuel demand growth clouded the sector's outlook.