Financial News

– Russian airline Aeroflot said on Sunday it would cancel all flights to European destinations until further notice after the decision by many countries to close their airspace in protest …

CAIRO – Egypt’s Suez Canal Authority said on Sunday it was increasing canal tolls by up to 10% for laden and ballast vessels, effective March 1. The decision was “in …

– France’s Societe Generale and Switzerland’s Credit Suisse Group have halted the finance of commodities trading from Russia as the Ukraine war fueled concerns about the widening impact of sanctions, …

PRAGUE – Russian bank Sberbank’s Czech unit will keep branches closed on Monday and card transactions and internet banking stopped, CTK news agency reported on Sunday, citing the bank as …

LONDON – International companies with exposure to Russia are girding for further Western sanctions following Moscow’s invasion of Ukraine. Here’s a list of some of the companies, by region: EUROPEAN …

OSLO -Norway’s $1.3 trillion sovereign wealth fund, the world’s largest, will divest its Russian assets following Russia’s invasion of Ukraine, the Norwegian prime minister said on Sunday. The fund’s Russian …

By David Lawder WASHINGTON – World Bank President David Malpass said on Sunday the bank may be able to provide Ukraine with more financial resources within days and that additional …

By David French and Megan Davies NEW YORK – Western sanctions on Moscow could throw the small but lucrative Russian investment banking business that several large U.S. banks have maintained …

MOSCOW – Russia’s No. 2 lender VTB will hike mortgage rates by four percentgae points to 15.3% from Feb. 28, it said on Sunday, with harsh new Western sanctions forcing …

By Elizabeth Dilts Marshall WASHINGTON – U.S. banks are preparing for retaliatory cyber attacks after Western nations slapped a raft of stringent sanctions on Russia for invading Ukraine https://www.reuters.com/world/india/war-with-ukraine-putin-puts-nuclear-deterrence-forces-alert-2022-02-27, cyber …

MEXICO CITY – Mexican breadmaker Grupo Bimbo said on Sunday it has temporarily suspended operations in its Dnipro plant to ensure the safety of its 150 workers, all of whom …

MOSCOW – Russia’s central bank on Sunday said it would resume buying gold on the domestic market from Feb. 28, as it undertakes measures to try and ensure financial stability …

By Guy Faulconbridge and Catherine Belton LONDON -Two Russian billionaires, Mikhail Fridman and Oleg Deripaska, called for an end to the conflict triggered by President Vladimir Putin’s assault on Ukraine, …

MOSCOW -Alphabet Inc’s Google has banned downloads of Russian state-owned media outlet RT’s mobile app on Ukrainian territory at the request of the government in Kyiv. “In response to a …

By David Randall NEW YORK -U.S. stocks drew buyers after a recent tumble, but some investors believe buying the dip this time may be a far riskier bet than in …

OSLO -Norway’s $1.3 trillion sovereign wealth fund, the world’s largest, will vote against ratification of tech giant Apple Inc’s management remuneration plan after an advisory firm urged investors to act, …

By Ahmad Ghaddar LONDON – A decision by Western allies on Saturday to block certain Russian banks from the SWIFT payments system is likely to lift oil prices well above …

MOSCOW – Russia’s central bank said on Sunday it was temporarily easing restrictions on banks’ open foreign currency positions after the West decided to block certain Russian banks’ access to …

TOKYO -Japan will join the United States and other Western countries in blocking certain Russian banks’ access to the SWIFT international payment system, Prime Minister Fumio Kishida said on Sunday, …

– European Union foreign ministers will adopt a third round of sanctions on Russia at a virtual meeting later on Sunday, chief EU diplomat Josep Borrell said. The measures will …

By Saikat Chatterjee LONDON – World markets were set for another tumultuous week after Western nations announced a harsh set of sanctions to punish Russia for its invasion of Ukraine …

TAIPEI – Taiwan’s semiconductor companies are complying with government export controls to Russia, put in place as part of sanctions on Moscow for invading Ukraine, the Economy Ministry said on …

By Ahmad Ghaddar LONDON -OPEC+ revised down its forecast for the 2022 oil market surplus by about 200,000 barrels per day (bpd) to 1.1 million bpd, according to a base …

LONDON – British foreign minister Liz Truss said on Sunday she would press for further measures against Russia, particularly in cutting off their oil and gas supplies, at a meeting …

By Kate Abnett BRUSSELS -Soaring energy prices and a geopolitical crisis over Russia’s invasion of Ukraine are looming over the European Union’s attempts to agree a raft of tougher climate …