By Anthony Deutsch OVERSCHILD, Netherlands -Images of bombed-out hospitals and apartment buildings across Ukraine reminded Jannie and Bert Schrage of their home country during World War Two. Then the retired …
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Exclusive-ECB tells banks to watch all Russian clients in widening of sanctions net -sources
by Reutersby ReutersBy Francesco Canepa and Jesús Aguado FRANKFURT/MADRID – European Union regulators have told some banks to scrutinise transactions by all Russian and Belarusian clients, including EU residents, to ensure that …
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By Bharat Gautam – Gold steadied on Wednesday, with a weaker dollar offsetting pressure from higher U.S. Treasury yields as investors await the first pandemic-era U.S. Federal Reserve interest rate …
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By Yuki Nitta TOKYO -The U.S.-based aircraft leasing firm owned by Japan’s Marubeni Corp and Mizuho Leasing Co Ltd has recovered two of the 12 aircraft it has been leasing …
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Japan will work with G7 to keep Russia from tapping IMF loans-PM Kishida
by Reutersby ReutersTOKYO – Japan will work closely with G7 advanced economies to prevent Russia from tapping loans from the International Monetary Fund and other international lenders, Prime Minister Fumio Kishida said …
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Explainer-Raskin’s withdrawal from Fed nomination spells more delays for rule changes
by Reutersby ReutersBy Pete Schroeder WASHINGTON – Sarah Bloom Raskin’s decision Tuesday to withdraw her nomination as the Federal Reserve’s Wall Street cop further delays rule changes that have been in limbo …
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Ukraine crisis may reshape role of central bank digital currency, says ex-BOJ official
by Reutersby ReutersBy Leika Kihara and Takahiko Wada TOKYO – Sanctions imposed on Russia could prod more countries like China to look at central bank digital currencies (CBDC) as a tool to …
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China securities regulator to push forward overseas-listing rules
by Reutersby ReutersSHANGHAI – China’s securities regulator on Wednesday said it will continue to communicate with U.S. regulators and strive to reach an agreement on China-U.S. audit supervision cooperation as soon as …
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House Republicans who challenged Biden’s win are losing lots of corporate cash
by Reutersby ReutersBy Jason Lange and Andy Sullivan WASHINGTON – In the days after the Jan. 6, 2021 attack on the U.S. Capitol, dozens of companies said they would suspend political donations …
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By Lewis Krauskopf NEW YORK -Fears over the Federal Reserve’s hawkish shift have combined with geopolitical uncertainty to push the S&P 500 into a correction this year, yet historical data …
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Russia’s war in Ukraine may ‘fundamentally alter’ global economic, political order – IMF
by Reutersby ReutersBy Andrea Shalal WASHINGTON – Russia’s invasion of Ukraine will affect the entire global economy by slowing growth and jacking up inflation, and could fundamentally reshape the global economic order …
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Standard Bank aims for net zero by 2050, activists press for more
by Reutersby ReutersJOHANNESBURG – Top African lender Standard Bank has ruled out funding all new coal-fired power plants and most oil-fired plants as part of plans to reach net zero-emissions by 2050, …
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Explainer – Amazon’s battle with Reliance for India retail supremacy
by Reutersby ReutersBy Abhirup Roy and Aditya Kalra NEW DELHI – For more than a year, Amazon.com Inc and India’s Future Group have been locked in a complex legal stand-off that has …
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Russian central bank sells $19 billion at ‘fine-tuning’ repo auction
by Reutersby Reuters– Russia’s central bank on Wednesday said it had provided banks with 2.05 trillion roubles ($18.97 billion) at a “fine-tuning” one-day repo auction, as it seeks to help lending institutions …
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U.S. Treasury yields push to new highs as Fed looks set to hike rates
by Reutersby ReutersLONDON – U.S five and 10-year Treasury yields rose to their highest levels in almost three years on Tuesday, ahead of a widely-anticipated rate hike from the Federal Reserve. Five-year …
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Apple supplier Foxconn sees possible revenue hit from supply chain woes
by Reutersby ReutersBy Yimou Lee and Ben Blanchard TAIPEI – Apple supplier Foxconn forecast an up to 3% fall in revenue for the year in what could be its first annual sales …
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BERLIN – German carmaker Volkswagen said on Wednesday that deliveries of its core brand dropped by 8% to 4.9 million vehicles last year, and it was reluctant to make forecasts …
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Mercedes to continue EV investments despite Ukraine war disruptions
by Reutersby ReutersBy Joseph White TUSCALOOSA, Ala. – Mercedes-Benz AG won’t cut spending on future electric vehicles even as it copes with supply-chain cost pressures exacerbated by the Russia-Ukraine conflict, the German …
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OSLO – Russian gas deliveries to Europe via the Nord Stream 1 pipeline were steady while lower through Ukraine on Wednesday as the Yamal-Europe pipeline remained in reverse mode for …
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A look at the day ahead in markets from Dhara Ranasinghe. The day ahead is all about the United States and Russia and possibly it’s also a day of firsts, …
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COVID curbs bite at Chinese ports, threatening global supply chains
by Reutersby ReutersBy Joe Brock SINGAPORE – The queues of container ships outside major Chinese ports are lengthening by the day as COVID-19 outbreaks in manufacturing export hubs threaten to unleash a …
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Malaysia’s AirAsia X completes debt restructure, to write back nearly $8 billion to profit
by Reutersby Reuters– Malaysia’s Airasia X (AAX) said on Wednesday it had completed its debt restructuring, and will write 33 billion ringgit ($7.86 billion) back to profits in the next quarter. Under …
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Cargo ship runs aground in U.S., a year after sister vessel blocked Suez Canal
by Reutersby Reuters– The Ever Forward container ship is currently grounded in the Chesapeake Bay near Baltimore, according to the U.S. Coast Guard, nearly a year after another ship run by the …
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Analysis: Strong Asian rice demand for animal feed sparks food supply worries
by Reutersby ReutersBy Naveen Thukral SINGAPORE – A surge in wheat and corn prices is boosting demand for low-grade rice in animal rations across Asia, pushing up prices of the world’s most …
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Pandemic sends 4.7 million more people into extreme poverty in SE Asia – ADB
by Reutersby ReutersMANILA – The pandemic added 4.7 million more people to Southeast Asia’s most extreme poor in 2021, reversing gains made in fighting poverty, the Asian Development Bank (ADB) said on …