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  • Financial News

    Russia says Meta, Google should be held accountable for ‘inciting war’ -Ifax

    by Reuters March 1, 2022
    by Reuters March 1, 2022

    MOSCOW – Russia’s Foreign Ministry on Tuesday said a system should be created to hold western tech giants, including Meta Platforms Inc and Alphabet’s Google, responsible for what it called …

  • Financial News

    U.S. Republicans urge Yellen to block Russia from exchanging IMF reserves

    by Reuters March 1, 2022
    by Reuters March 1, 2022

    By David Lawder WASHINGTON -U.S. Treasury Secretary Janet Yellen must block Russia from exchanging the $17 billion in International Monetary Fund reserves it received last year and oppose any further …

  • Financial News

    Stellantis aims to double revenue to 300 billion euros by 2030

    by Reuters March 1, 2022
    by Reuters March 1, 2022

    – Stellantis said on Tuesday that it aims to double its net revenues to 300 billion euros ($335 billion) by 2030, while maintaining double-digit adjusted operating margins as it manages …

  • Financial News

    JPMorgan says Russia remains part of its emerging debt indexes, new bonds excluded

    by Reuters March 1, 2022
    by Reuters March 1, 2022

    LONDON – JPMorgan said on Tuesday that Russian debt remained part of its emerging market bond indexes for now but that new debt issued by sanctioned Russian entities would not …

  • Financial News

    Kohl’s eyes strong 2022 profits, turns to failsafe brands

    by Reuters March 1, 2022
    by Reuters March 1, 2022

    By Deborah Mary Sophia -U.S. department store chain Kohl’s Corp predicted above-expectation 2022 sales and profits on Tuesday on the back of faster shipments and the introduction of customer-favorite brands …

  • Financial News

    Global food supply at risk from Russian invasion of Ukraine, Yara says

    by Reuters March 1, 2022
    by Reuters March 1, 2022

    By Victoria Klesty OSLO – Russia’s invasion of Ukraine threatens global food supplies, Norwegian fertiliser maker Yara International said on Tuesday, adding that the international community needed to reduce its …

  • Financial News

    Factbox-China-Russia trade has surged as countries grow closer

    by Reuters March 1, 2022
    by Reuters March 1, 2022

    BEIJING – China and Russia have grown increasingly close in recent years, including as trading partners, a relationship that brings both opportunities and risks as Russia reels from tough new …

  • Financial News

    Nokia stops deliveries to Russia

    by Reuters March 1, 2022
    by Reuters March 1, 2022

    – Nokia will stop deliveries to Russia to comply with sanctions imposed on the country following the invasion on Ukraine, the Finnish network equipment maker said on Tuesday. “This is …

  • Financial News

    Garuda Indonesia negotiating terms of Airbus, Boeing orders

    by Reuters March 1, 2022
    by Reuters March 1, 2022

    JAKARTA – Flag carrier Garuda Indonesia is negotiating the terms its aircraft deals with manufacturers Airbus SE and Boeing, with cancellation of the orders among the options, its chief executive …

  • Financial News

    Toyota supplier cyberattack shows big vulnerability that small firms bring

    by Reuters March 1, 2022
    by Reuters March 1, 2022

    By Elaine Lies TOKYO – The cyberattack on a Toyota Motor Corp supplier that brought the automaker’s domestic production to a halt shows how more vulnerable small firms can pose …

  • Financial News

    Nvidia says employee, company information leaked online after cyber attack

    by Reuters March 1, 2022
    by Reuters March 1, 2022

    – U.S. chipmaker Nvidia Corp said on Tuesday a cyber attacker has leaked employee credentials and some company proprietary information online after their systems were breached. “We have no evidence …

  • Financial News

    Russia to spend up to $10 billion from rainy-day fund on buying Russian shares, source says

    by Reuters March 1, 2022
    by Reuters March 1, 2022

    – The Russian government has ordered the finance ministry to channel up to 1 trillion roubles ($10.3 billion) from the National Wealth Fund to buy shares in Russian companies, a …

  • Financial News

    Nord Stream 2 terminates contracts with employees following sanctions

    by Reuters March 1, 2022
    by Reuters March 1, 2022

    MOSCOW – The operator of the Russia-led gas pipeline project Nord Stream 2 said on Tuesday it had to terminate contracts with employees because of U.S. sanctions. The United States …

  • Financial News

    Shipping firm MSC suspends container cargo bookings for Russia

    by Reuters March 1, 2022
    by Reuters March 1, 2022

    LONDON – Shipping company MSC has stopped cargo bookings to and from Russian but will still accept and screen food and humanitarian cargoes, the world’s number one container line said …

  • Financial News

    Disney, Warner Bros., Sony pausing film releases in Russia over Ukraine invasion

    by Reuters March 1, 2022
    by Reuters March 1, 2022

    By Dawn Chmielewski -Hollywood studios Disney, Warner Bros., and Sony Pictures Entertainment said they would pause theatrical releases of upcoming films in Russia in response to its invasion of Ukraine …

  • Financial News

    Cisco CEO says quarter of staff in Ukraine have left

    by Reuters March 1, 2022
    by Reuters March 1, 2022

    By Supantha Mukherjee and Paul Sandle BARCELONA – Cisco Systems Inc has helped about a quarter of its employees in Ukraine leave the country and is working to support those …

  • Financial News

    Inflation-protected funds see big outflows after feverish 2021

    by Reuters March 1, 2022
    by Reuters March 1, 2022

    By Patturaja Murugaboopathy – Global inflation-protected bond ETFs have seen huge outflows this year, despite rising inflation levels, as investors prepare for price pressures to be tamed eventually by central …

  • Breaking NewsConnecticut NewsFinancial News

    Exclusive-Connecticut treasurer orders pension funds to divest Russian assets

    by Reuters March 1, 2022
    by Reuters March 1, 2022

    By Ross Kerber Connecticut Treasurer Shawn Wooden on Tuesday will direct state pension funds to sell Russian assets, one of the most direct steps by a U.S. pension official to …

  • Financial News

    Bayer targets return to growth in annual adjusted profit

    by Reuters March 1, 2022
    by Reuters March 1, 2022

    By Ludwig Burger FRANKFURT -German diversified group Bayer is aiming for a return to growth in adjusted core earnings this year as higher profit at its agriculture division would likely …

  • Financial News

    Cryptoverse: Bitcoin gains conflict currency credentials

    by Reuters March 1, 2022
    by Reuters March 1, 2022

    By Medha Singh and Lisa Pauline Mattackal – Bitcoin has leapt since Russia’s invasion of Ukraine, bolstered by people in those countries looking to store and move money in anonymous …

  • Financial News

    Telecom Italia to present standalone plan as KKR hovers

    by Reuters March 1, 2022
    by Reuters March 1, 2022

    By Elvira Pollina MILAN – Telecom Italia (TIM) will this week set out its alternative to a 10.8 billion euro ($12 billion) takeover by U.S. fund KKR and also publish …

  • Financial News

    Russia’s Gazprom Jan-Feb gas exports down by third y/y

    by Reuters March 1, 2022
    by Reuters March 1, 2022

    MOSCOW – Russian energy giant Gazprom said on Tuesday that natural gas exports outside ex-Soviet Union countries fell by 32.6% year-on-year in January – February to 23.2 billion cubic metres …

  • Financial News

    Denmark resumes construction of Norway-Poland gas link

    by Reuters March 1, 2022
    by Reuters March 1, 2022

    COPENHAGEN – Construction of the Danish part of Baltic Pipe, which will connect Poland to Norwegian gas fields, is resuming following a 33-month hiatus, Danish grid operator Energinet said on …

  • Financial News

    Russian airline Pobeda facing calls to return leased planes, Ifax says

    by Reuters March 1, 2022
    by Reuters March 1, 2022

    MOSCOW – Russian airline Pobeda, a low-cost unit of the state airline Aeroflot, is facing requests from a number of leasing companies to return their planes, the Interfax news agency …

  • Financial News

    Ukraine’s banking system is running smoothly, say central bank

    by Reuters March 1, 2022
    by Reuters March 1, 2022

    LVIV – Ukraine’s banking system is running smoothly and banks are replenishing cash machines where possible, central bank governor Kyrylo Shevchenko said in a statement on Tuesday. Online banking is …

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