MOSCOW – Russia’s top airline Aeroflot said on Wednesday that it was assessing the impact of Western sanctions on its leased planes and that it was asking European Union (EU) …
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CesiumAstro secures $60 million in funding from Airbus Ventures and others
by Reutersby ReutersBy Jane Lanhee Lee – CesiumAstro Inc, a startup that builds hardware and software for aerospace communications, said on Wednesday it has raised $60 million in funding from investors including …
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By Alistair Smout and Muvija M LONDON -Russia’s invasion of Ukraine will not have a dramatic impact on bookings in eastern Europe so long as the war doesn’t escalate, Ryanair …
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Boeing suspends parts, maintenance and support for Russian airlines
by Reutersby ReutersWASHINGTON – U.S. airplane manufacturer Boeing Co said on Tuesday it was suspending parts, maintenance and technical support for Russian airlines as well as major operations in Moscow after Russia’s …
- Financial News
Ukraine central bank asks IMF, G7 to limit Russian and Belarussian access
by Reutersby ReutersLVIV – The Ukrainian central bank on Wednesday asked the International Monetary Fund and the Group of Seven major economies to limit the participation of Russian and Belarussian representatives in …
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By Julie Gordon OTTAWA – The Bank of Canada is poised to hike its key overnight interest rate for the first time in three years on Wednesday, kicking off a …
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Big U.S. auto dealers bet billions against the death of the dealership
by Reutersby ReutersBy Joseph White DETROIT – U.S. auto dealers, flush with cash, are buying each other at a record pace, but they are not closing stores in the process. Defying predictions …
- Financial News
U.S. shale oil forecasts keep rising as smaller producers lead the way
by Reutersby ReutersBy Liz Hampton – Publicly traded U.S. shale firms are not budging on production restraint vows as oil markets surge amid Russia’s invasion of Ukraine, leaving smaller producers to lead …
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Russian central bank temporarily suspends international transfers by some foreign entities
by Reutersby ReutersMOSCOW – Russia’s central bank said on Wednesday it was temporarily suspending transfers by foreign legal entities and individuals from several countries to accounts abroad. The bank said it was …
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MOSCOW -Russia’s largest lender Sberbank is quitting almost all European markets, blaming big cash outflows and threats to its staff and property following Russia’s invasion of Ukraine and Western sanctions. …
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BERLIN – Volkswagen’s Porsche is suspending production at its Leipzig plant until the end of next week as a result of the Ukraine crisis, a spokesperson for the luxury carmaker …
- Financial News
Russia’s Nabiullina tells central bank staff: we hoped not to face extreme economic situation
by Reutersby ReutersMOSCOW – Russia’s Central Bank Governor Elvira Nabiullina said Russia’s economy had come up against an extreme situation, something she said they had all hoped would not happen, in an …
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LONDON – Russia’s invasion of Ukraine will not have a dramatic impact on airline bookings in eastern Europe so long as the war does not escalate and spread, Ryanair boss …
- Financial News
Global banks eschew risk as they navigate Russia sanctions quagmire
by Reutersby ReutersBy Michelle Price and Sumeet Chatterjee WASHINGTON/HONG KONG – Faced with an unprecedented level of sanctions on Russia, global banks are taking a dim view of business with all Russian …
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PARIS – Airbus said on Wednesday it had stopped sending spare parts to Russia and supporting Russian airlines, but was analysing whether its Moscow engineering centre could keep providing services …
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HELSINKI – Finnish refiner Neste said on Tuesday its billion-dollar investment in a joint venture with U.S.-based oil company Marathon Petroleum Corp would make it the world’s first and only …
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China set to approve 3rd batch of localities for digital yuan trials – state media
by Reutersby ReutersSHANGHAI – China will soon approve the third batch of localities set to launch trials of its digital yuan currency, state-backed financial outlet Securities Times reported on Wednesday. According to …
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By Heekyong Yang and Joyce Lee SEOUL -South Korea’s Hyundai Motor Co said on Wednesday it planned to invest about 95.5 trillion won ($79.21 billion) through 2030, including about 19.4 …
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Toshiba CEO suddenly resigns amid opposition to restructuring plans
by Reutersby ReutersBy Makiko Yamazaki and Junko Fujita TOKYO -Toshiba Corp said on Tuesday CEO Satoshi Tsunakawa has resigned – a sudden departure that comes after sources said revised restructuring plans sparked …
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A look at the day ahead in markets from Dhara Ranasinghe. When the yield on Germany’s benchmark Bund, considered one of thea safest assets in the world, posts its biggest …
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World’s major companies lag on climate, some markets regress since Paris
by Reutersby ReutersBy Simon Jessop LONDON – The corporate world remains far from being aligned with global climate goals, and in some countries has gone backwards since a landmark agreement to cap …
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– Russia’s oil and gas condensate output rose in February to 11.06 million barrels per day (bpd), according to Reuters calculations based on an Interfax report on Wednesday, while trading …
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By Gaurav Dogra – Asian equities suffered a second successive month of outflows in February as investors jettisoned riskier assets due to rising tensions between Russia and Ukraine and on …
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Moscow Exchange won’t resume stock trading on Wednesday – central bank
by Reutersby ReutersMOSCOW – Russia’s central bank kept stock market trading on the Moscow Exchange suspended for a third day in a row on Wednesday, but said it would allow a limited …
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Attorney General’s New Vehicle Pursuit Policy Handcuffs Police, Bergen Says
TRENTON, N.J. – New Jersey’s new vehicle pursuit policy prohibiting when a police officer can initiate the pursuit of a suspect is coming under fire today. According to the new guidelines …