Reuters

MOSCOW (Reuters) - Russia would regard the seizure of revenue from its frozen assets in the European Union as a violation of all norms of the global economic system, Kremlin spokesman Dmitry Peskov said on Wednesday.

EU countries have formally adopted a plan to use windfall profits from Russian central bank assets frozen in the EU for Ukraine's defence, the Belgian government said this week.

The Group of Seven countries (G7) froze around... (continue reading...)

JOHANNESBURG (Reuters) - South Africa's May 29 election looks set to be the most tightly contested since the end of apartheid, with opinion polls suggesting that the governing African National Congress may lose its majority for the first time after 30 years in power.

The ANC is still expected to win the largest share of the vote, so its leader President Cyril Ramaphosa is likely to remain in office, unless he faces an internal challenge if the party is... (continue reading...)

By Marc Jones

LONDON (Reuters) - From Brazil, Nigeria and Turkey to even some of the riskiest emerging markets such as Egypt and Zambia, evidence is growing that a decade-long deterioration in sovereign credit ratings has finally started to reverse.

Economists watch ratings because they influence a country's borrowing costs and many are now highlighting a turnaround that seems incongruous with the usual warnings about rising debt... (continue reading...)

By Nate Raymond

(Reuters) - President Joe Biden is set to secure U.S. Senate confirmation of his 200th appointment to the federal judiciary on Wednesday, surpassing his Republican predecessor Donald Trump's pace even as the clock ticks toward their Nov. 5 election rematch.

Reaching this milestone at this point in his presidency is evidence, according to Biden's allies, that he may achieve a goal his fellow Democrats not long ago fretted... (continue reading...)

(Reuters) - U.S. index futures were subdued on Wednesday as investors zeroed in on the week's biggest events, AI chip leader Nvidia's quarterly results and the Federal Reserve's policy meeting minutes due later in the day.

All eyes will be on whether semiconductor bellwether Nvidia's first-quarter results, due after market close, can meet the market's sky-high expectations and sustain a rally in shares of the company and other AI-related stocks.