PARIS – European sanctions against Russia over the war in Ukraine will lead to cost increases, German Finance Minister Christian Lindner said, but the bloc will be able to protect …
Category:
Financial News
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LONDON – Investors pulled money from bonds and pumped money into cash and stocks in the week to Wednesday as equity positioning showed “zero signs of capitulation despite flows and …
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By Aditi Shah NEW DELHI – Stellantis’ Jeep will launch two new sport-utility vehicles (SUVs) in India this year to boost sales in a market where it has struggled to …
- Financial News
British Airways avoiding Russian airspace for overflights, IAG CEO says
by Reutersby ReutersLONDON – British Airways owner IAG is now avoiding Russian airspace for overflights and cancelled its flight to Moscow on Friday after Prime Minister Boris Johnson banned Russia’s flagship airline …
- Financial News
French Finance Minister Le Maire: we want to isolate Russia financially
by Reutersby ReutersPARIS – French Finance Minister Bruno Le Maire said on Friday that the European Union wanted to isolate Russia financially, as he spoke alongside his German counterpart Christian Lindner at …
- Financial News
Goldman Sachs sees risks to European stocks from Ukraine crisis
by Reutersby Reuters– Goldman Sachs on Friday cut its target for Europe’s major stock index, saying equities in the region are likely to face risks for some time as the Russia-Ukraine crisis …
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A look at the day ahead in markets from Dhara Ranasinghe. World markets may have recovered some of their worst losses after Russia’s attack on Ukraine but a sombre mood …
- Financial News
Japan’s central bank plans experts’ workshop to scrutinise inflation
by Reutersby ReutersBy Leika Kihara TOKYO -The Bank of Japan said on Friday it would scrutinise factors behind the country’s low inflation and the divergence of price trends from other parts of …
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By John Revill ZURICH -Holcim is confident it can handle energy price spikes caused by the Ukraine crisis, CEO Jan Jenisch said on Friday, after the world’s biggest cement-maker reported …
- Financial News
Russian central bank raises limit for Friday’s repo auction to 3 trln rbls
by Reutersby ReutersMOSCOW – The Russian central bank on Friday said it was raising the limit at a “fine-tuning” repo auction later on Friday to 3 trillion roubles ($35.55 billion) from 2 …
- Financial News
Analysis-Russia’s economic defences likely to crumble over time under sanctions onslaught
by Reutersby ReutersBy Sujata Rao and Marc Jones LONDON – Russia has spent the past seven years building up formidable financial defences, yet in the long run, its economy is unlikely to …
- Financial News
Rightmove forecasts strong housing market after 2021 profit surge
by Reutersby Reuters– British real-estate portal Rightmove said on Friday it expects transaction levels to return to pre-pandemic levels this year, dispelling concerns about a slowdown driven by rising inflation and a …
- Financial News
Analysis-Shocks and missteps: how Sri Lanka’s economy ended in crisis
by Reutersby ReutersBy Uditha Jayasinghe and Devjyot Ghoshal COLOMBO – In late November 2019, after winning Sri Lanka’s presidential election and months ahead of a parliamentary ballot that would again test his …
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STOCKHOLM, Feb 25 – Total lending to Swedish households rose 6.7 percent year-on-year in January, down from plus 6.8 percent in the previous month, the statistics office said on Friday. …
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HELSINKI – Finnish premium department store chain Stockmann on Friday posted a rise in fourth-quarter earnings and said it expected the positive development to continue as long as no major …
- Financial News
Ukraine’s Zelenskiy says Russian actions show sanctions not enough
by Reutersby ReutersKYIV -Ukrainian President Volodymyr Zelenskiy said on Friday that continued Russian aggression against his country showed that sanctions imposed on Moscow by the West were not enough. Zelenskiy said the …
- Financial News
Germany suspends Hermes export credit guarantees for Russia – Handelsblatt
by Reutersby ReutersBERLIN – Germany is making it more difficult for companies to do business with Russia by suspending Hermes credit guarantees for exports, daily Handelsblatt reported on Friday, citing the economy …
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FRANKFURT -Swiss Re swung to a smaller-than-expected full-year profit in 2021, the reinsurance company said on Friday, marking a partial rebound from the coronavirus pandemic despite big claims from natural …
- Featured NewsFinancial News
Companies shut Ukraine operations, assess impact of sanctions on Russia
by Reutersby ReutersBy Jacob Gronholt-Pedersen and Yadarisa Shabong -Brewer Carlsberg, Japan Tobacco and a Coca-Cola bottler were among firms shutting factories in Ukraine on Thursday following Russia’s invasion, while UPS and FedEx …
- Financial News
S.Korea exports to rise for 16th month in Feb; CPI seen up 3.5% – Reuters poll
by Reutersby ReutersSEOUL – South Korea’s exports likely increased for a 16th month in February, and at a faster pace, a Reuters poll showed on Friday, though Russia’s invasion of Ukraine may …
- Financial News
Consumer inflation in Japan’s capital perks up, Ukraine crisis to add pressure
by Reutersby ReutersBy Takahiko Wada and Leika Kihara TOKYO -Consumer inflation in Japan’s capital accelerated in February at the fastest annual pace in more than two years, suggesting that soaring fuel and …
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By Liangping Gao and Ryan Woo BEIJING -Shaken by a liquidity crunch among developers, China’s property market is expected to stay soft in the first half of 2022 before rebounding …
- Financial News
Global central banks were on the same page. Ukraine may reshape that
by Reutersby ReutersBy Howard Schneider and Leika Kihara – The well-scripted turn by global central banks towards tighter, post-pandemic monetary policy has been thrown into doubt by Russia’s invasion of Ukraine, a …
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MOSCOW – Russia reserves the right to respond to Britain’s ban on Aeroflot flights with similar measures, the TASS news agency cited Russia’s aviation authority as saying on Friday. (Reporting …
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KYIV – Ukraine’s central bank has banned payments to entities in Russia and Belarus as well as operations involving both nations’ currencies, the regulator said on Friday, a day after …