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  • Financial News

    Porsche to suspend Taycan production in Stuttgart-Zuffenhausen plant

    by Reuters March 9, 2022
    by Reuters March 9, 2022

    FRANKFURT – Volkswagen’s luxury division Porsche will suspend production of its electric Taycan model at the group’s Stuttgart-Zuffenhausen plant until the end of next week, the company said in a …

  • Financial News

    Eni and Livestream to raise $230 million in green SPAC listing in London

    by Reuters March 9, 2022
    by Reuters March 9, 2022

    MILAN – Eni and Livestream LLC plan to float their New Energy One Acquisition (NEOA) Corporation on the London Stock Exchange to raise up to 175 million pounds ($230 million) …

  • Financial News

    Cathay seeks to boost cargo capacity amid pain from new quarantine rules

    by Reuters March 9, 2022
    by Reuters March 9, 2022

    By Jamie Freed -Cathay Pacific Airways Ltd returned to profit in the second half of last year but has since been hamstrung by tough new quarantine rules for crew and …

  • Financial News

    Chinese firms that aid Russia may be cut off from U.S. equipment -commerce secretary

    by Reuters March 9, 2022
    by Reuters March 9, 2022

    -Chinese companies that defy U.S. restrictions against exporting to Russia may be cut off from American equipment and software they need to make their products, U.S. Commerce Secretary Gina Raimondo …

  • Financial News

    Britain to force Big Tech to combat online scams

    by Reuters March 9, 2022
    by Reuters March 9, 2022

    By Huw Jones LONDON -Britain said on Tuesday it would force Google, Facebook, Twitter and other online platforms to prevent paid-for fraudulent adverts after calls from regulators and consumer groups …

  • Financial News

    LME nickel surge puts clearing houses in the spotlight

    by Reuters March 9, 2022
    by Reuters March 9, 2022

    By Huw Jones LONDON -The London Metal Exchange (LME) took emergency measures to halt trading in nickel on Tuesday as prices doubled to more than $100,000 a tonne. The surge …

  • Financial News

    China Feb factory inflation eases, spotlight on global commodities

    by Reuters March 9, 2022
    by Reuters March 9, 2022

    By Liangping Gao and Ryan Woo BEIJING – China’s factory inflation in February eased to the slowest annual pace in eight months, but analysts expect a pick-up in the coming …

  • Financial News

    Marketmind: A new kind of curtain

    by Reuters March 9, 2022
    by Reuters March 9, 2022

    A look at the day ahead in markets from Dhara Ranasinghe. When McDonald’s opened in central Moscow’s Pushkin Square in 1990, it became a symbol of thriving American capitalism as …

  • Financial News

    Japanese investors dump overseas bonds in February

    by Reuters March 9, 2022
    by Reuters March 9, 2022

    By Gaurav Dogra – Japanese investors in February sold the most overseas debt in a month in nearly two years on concerns over monetary tightening by the world’s major central …

  • Financial News

    UniCredit flags up to $8 billion in losses on Russia, prudent on buyback

    by Reuters March 9, 2022
    by Reuters March 9, 2022

    By Valentina Za MILAN -Italy’s second-biggest bank UniCredit said a full write-off of its Russian business, including cross-border exposure, would cost around 7.4 billion euros ($8.1 billion), leaving its capital …

  • Financial News

    Banks in talks with distressed buyers on Russian assets – sources

    by Reuters March 9, 2022
    by Reuters March 9, 2022

    By Davide Barbuscia and Yoruk Bahceli NEW YORK/LONDON – Banks are having conversations with potential buyers on how to get rid of their exposure to Russian corporate loans, but sanctions …

  • Financial News

    Ukraine bans exports of several grains, sugar, salt, meat

    by Reuters March 9, 2022
    by Reuters March 9, 2022

    LVIV, Ukraine – Ukraine’s government has banned exports of rye, barley, buckwheat, millet, sugar, salt, and meat until the end of this year, according to a cabinet resolution published on …

  • Financial News

    Palm oil prices set for new record highs in coming months – analyst James Fry

    by Reuters March 9, 2022
    by Reuters March 9, 2022

    KUALA LUMPUR – Palm oil prices could hit a record 8,100 ringgit ($1,938) a tonne in coming months following a plunge in global edible oil stocks and a decline in …

  • Financial News

    Global LNG demand growth shifts from Asia to Europe on Russia sanctions

    by Reuters March 9, 2022
    by Reuters March 9, 2022

    By Isabel Kua SINGAPORE – Asia’s liquefied natural gas (LNG) demand growth may cool this year as buyers baulk at record-high spot prices pushed even higher by Europe’s shift to …

  • Financial News

    U.S. crypto exchange CoinZoom pausing new accounts within Russia -CEO

    by Reuters March 9, 2022
    by Reuters March 9, 2022

    By Hannah Lang – Utah-based cryptocurrency exchange CoinZoom is pausing applications for new accounts within Russia following the country’s escalating conflict in Ukraine, the company’s chief executive officer told Reuters. …

  • Financial News

    IMF board to consider $1.4 billion in funding for Ukraine on Wednesday – Georgieva

    by Reuters March 9, 2022
    by Reuters March 9, 2022

    WASHINGTON – The International Monetary Fund’s executive board is poised to approve on Wednesday $1.4 billion in emergency funding for Ukraine to help it respond to Russia’s invasion, IMF Managing …

  • Department of Justice Press Releases

    Assumption Parish Man Pleads Guilty to Bank Fraud

    by DOJ Press March 9, 2022
    by DOJ Press March 9, 2022

    NEW ORLEANS, LOUISIANA – United States Attorney Duane A. Evans announced that   RODNEY ROUSSELL (“ROUSSELL”), age 40, of Belle Rose, Louisiana, pled guilty today to bank fraud, in violation of …

  • Financial News

    BOJ has little room to move as Ukraine clouds recovery, prices soar

    by Reuters March 9, 2022
    by Reuters March 9, 2022

    By Leika Kihara TOKYO – The crisis in Ukraine is giving the Bank of Japan a headache not facing other major central banks, forcing it to maintain a more dovish …

  • Financial News

    Singapore central bank poll of economists sees 2023 GDP growth at 3%

    by Reuters March 9, 2022
    by Reuters March 9, 2022

    SINGAPORE – Singapore’s economy is expected to grow 3% in 2023, as the city-state gradually reopens its borders to international travel, a survey of economists conducted by the city-state’s central …

  • Financial News

    Markets stagger as Russia sanctions intensify

    by Reuters March 9, 2022
    by Reuters March 9, 2022

    By Saqib Iqbal Ahmed and Ira Iosebashvili -Plummeting stocks, soaring commodity prices and tightening global financial conditions following Russia’s invasion of Ukraine are clouding the outlook for markets already unsettled …

  • Financial News

    Factbox-Airline hedging and surcharges offset some oil price pain

    by Reuters March 9, 2022
    by Reuters March 9, 2022

    -The price of oil has surged to its highest point since 2008 after Russia’s invasion of Ukraine, adding to airline costs at a time when carriers have been struggling to …

  • Featured NewsFinancial News

    Biden bans Russia oil imports to U.S., warns gasoline to rise further

    by Reuters March 8, 2022
    by Reuters March 8, 2022

    By Trevor Hunnicutt, Steve Holland and Andrea Shalal WASHINGTON -U.S. President Joe Biden on Tuesday imposed an immediate ban on Russian oil and other energy imports in retaliation for the …

  • Department of Justice Press Releases

    Wagner Woman Charged with Child Abuse and Neglect and Involuntary Manslaughter

    by DOJ Press March 8, 2022
    by DOJ Press March 8, 2022

    United States Attorney Dennis R. Holmes announced that a Wagner, South Dakota, woman has been indicted by a federal grand jury for Child Abuse and Neglect and Involuntary Manslaughter. Chelsea …

  • Department of Justice Press Releases

    Pine Ridge Man Pleads Not Guilty to Sexual Abuse of a Minor

    by DOJ Press March 8, 2022
    by DOJ Press March 8, 2022

    United States Attorney Dennis R. Holmes announced that a Pine Ridge, South Dakota, man has been indicted by a federal grand jury for Sexual Abuse of a Minor and Abusive …

  • Department of Justice Press Releases

    Rapid City Man Sentenced to Four Years in Federal Prison for Drug Trafficking Conspiracy

    by DOJ Press March 8, 2022
    by DOJ Press March 8, 2022

    United States Attorney Dennis R. Holmes announced that a Rapid City, South Dakota, man  convicted of Conspiracy to Distribute a Controlled Substance was sentenced on February 24, 2022, by U.S. …

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