By David Henry and Matt Scuffham NEW YORK – The sale of Citigroup’s Russian consumer bank could be complicated by U.S. sanctions on Russian state bank VTB, the only publicly …
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- Financial News
Investors regain risk appetite; dollar, oil pare gains after Ukraine invasion
by Reutersby ReutersBy Sinéad Carew NEW YORK -Investors rediscovered much of their appetite for riskier bets by Thursday afternoon with the MSCI global index finishing well above its session low and the …
- Financial News
Crypto exchange Coinbase’s trading volumes surge on retail interest
by Reutersby Reuters-U.S. cryptocurrency exchange Coinbase Global Inc on Thursday reported a surge in quarterly trading volumes on a sequential basis as volatility in prices drew in retail traders, but warned that …
- Financial News
Brazil central bank prepared to act in FX market in case of disproportionate contamination
by Reutersby ReutersBy Marcela Ayres BRASILIA – Brazil’s central bank said it is prepared to act in the exchange market in case of disproportionate contamination on prices, highlighting it is paying close …
- Financial News
Explainer-Russian banks face exclusion in new round of sanctions
by Reutersby ReutersBy Tommy Wilkes and John McCrank LONDON/NEW YORK – Britain and the United States targeted Russian banks on Thursday as part of a new package of sanctions following Moscow’s invasion …
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– U.S. rare earth miner MP Materials Corp on Thursday posted a higher fourth-quarter profit, helped by rising prices for the minerals used to make high-end electronics and weaponry. Rare …
- Financial News
EOG Resources posts higher profit as crude prices scale multi-year highs
by Reutersby Reuters– U.S. shale oil firm EOG Resources Inc on Thursday reported a jump in fourth-quarter profit as crude prices soared to multi-year highs following a rebound in demand as the …
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By Jamie Freed, Tim Hepher and Rajesh Kumar Singh -Airlines scrambled to adapt to conflict in Europe on Thursday as Ukraine closed its airspace, fuel prices soared and carriers were …
- Financial News
Exclusive-Major buyers of Russian oil struggle with bank guarantees -sources
by Reutersby ReutersBy Dmitry Zhdannikov and Julia Payne LONDON -The global oil market was thrown into chaos on Thursday after Russia invaded Ukraine, with top buyers of Russian oil struggling to secure …
- Financial News
ADM shuts Ukraine grains terminal, crush plant, other facilities after Russia invasion
by Reutersby Reuters– U.S. agricultural commodities trader Archer-Daniels-Midland Co said on Thursday it has shuttered its facilities in Ukraine, including an oilseed crush plant and a grain export terminal, after the country …
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By Stephanie Kelly NEW YORK – Oil prices jumped on Thursday, with Brent rising above $105 a barrel for the first time since 2014 before easing, after Russia’s attack on …
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By Kylie MacLellan, William James and Elizabeth Piper LONDON -Prime Minister Boris Johnson unveiled Britain’s largest-ever package of sanctions against Russia on Thursday, targeting banks, members of President Vladimir Putin’s …
- Financial News
U.S. hits major Russian banks with sanctions over invasion of Ukraine
by Reutersby ReutersWASHINGTON – The United States on Thursday imposed sanctions on Russia in retaliation for its invasion of Ukraine, targeting its two biggest banks and members of the elite in new …
- Financial News
Banking group IIF says U.S. sanctions on Russia to have ‘significant impact’
by Reutersby ReutersWASHINGTON -The Institute of International Finance, the largest international banking group, said on Thursday that U.S. sanctions on Russia will have a sizeable impact on Russia’s economy and citizens and …
- Financial News
RBNZ Governor says countering inflation early will prevent need for higher rates
by Reutersby ReutersBy Praveen Menon WELLINGTON – Reserve Bank of New Zealand (RBNZ) Governor Adrian Orr said on Friday that countering inflation pressures early prevent the need for even higher rates in …
- Financial News
Kiwi house prices rises to halt this year, Australia to follow in 2023: Reuters poll
by Reutersby ReutersBy Vivek Mishra BENGALURU – Soaring house prices in New Zealand will grind to a halt this year and Australia will follow suit in 2023 as expected higher interest rates …
- Financial News
RBA interest rate hike now likely in Q3, to end year at 0.50%: Reuters poll
by Reutersby ReutersBy Vivek Mishra BENGALURU – Australia’s central bank will raise interest rates for the first time in over a decade in the third quarter, slightly earlier than thought a month …
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– Norwegian Cruise Line Holdings Ltd said on Thursday Russia’s invasion of Ukraine has forced it to alter itineraries and cancel sailings to ports in the countries. The U.S. cruise …
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By Chuck Mikolajczak NEW YORK – The U.S. dollar jumped to its highest level in nearly two years and the Russian rouble plunged to a record low on Thursday after …
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16 Year-Old Turns himself in Conjunction with Shooting Death of 51 year-Old Woman
BALTIMORE, MARYLAND – The Baltimore Police department announced an arrest has been made in the shooting death of 51-Year Old Cheryl McCormack. According to Police, “On January 24, 2022 at …
- Financial News
Lyft offers Ukraine staff financial support for moves, supplies
by Reutersby Reuters– Ride-hailing app provider Lyft Inc said on Thursday it is offering its employees in Ukraine financial support for emergency supplies or to temporarily move, along with increased time off, …
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Russia should not be cut off from SWIFT at the moment – Germany’s Scholz
by Reutersby ReutersBERLIN – Cutting off Russia from the SWIFT global interbank payment system should not be part of the second EU sanctions package against Russia that EU leaders will decide upon …
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– U.S. shale producer Occidental Petroleum Corp on Thursday reported a fourth-quarter profit compared with a year-ago loss, as a recovery in demand has driven crude prices to multi-year highs …
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BALTIMORE, MARYLAND – The Baltimore Police Department has reported a shooting on Ulman Avenue. “On February 24, 2022 at approximately 1:35 a.m., officers responded to the 2600 block of Ulman …
- Financial News
Fed tightening plans now contending with war, possible oil shock
by Reutersby ReutersBy Howard Schneider and Jonnelle Marte – U.S. Federal Reserve officials on Thursday began taking stock of how the unfolding conflict in Ukraine might influence the economy and their planned …