– Soft drinks bottler Coca-Cola HBC has closed its plant in Ukraine, and asked staff in the country to remain at home following Russia’s invasion of its former Soviet neighbour, …
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Canada’s trucker protests leave businesses and taxpayers with hefty bills
by Reutersby ReutersBy Julie Gordon OTTAWA – A three-week long protest in Canada against pandemic measures that snarled trade and shuttered Ottawa’s core likely cost billions in trade delays, tens of millions …
- Financial News
Kremlin says Russia has enough tools to survive ’emotional’ market reaction
by Reutersby ReutersMOSCOW – Kremlin spokesperson Dmitry Peskov on Thursday said Russia has created enough safety tools to survive market volatility and said that the “emotional” financial market reaction to Russia’s invasion …
- Financial News
U.S. banks tackle Russia sanctions fine print, worry over escalating restrictions
by Reutersby ReutersBy Pete Schroeder and Michelle Price WASHINGTON -U.S. banks were well-prepared for the Western sanctions announced so far over Russia’s aggression towards Ukraine, but they are still nailing down details …
- Financial News
JPMorgan says may review Ukraine’s inclusion into key local bond index
by Reutersby ReutersLONDON – JPMorgan has said it may have to review plans to start including Ukraine government bonds in it influential GBI-Emerging Markets index at the end of the next month …
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By Paul Sandle LONDON -Rolls-Royce Chief Executive Warren East will step down by the end of the year after steering the aero-engine maker through the worst of the pandemic, though …
- Financial News
Fed hawks, doves agree on liftoff. What happens next could be a battle
by Reutersby ReutersBy Howard Schneider and Ann Saphir WASHINGTON – U.S. Federal Reserve officials agree inflation is too high and that interest rates should be increased at the upcoming meeting in March. …
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Kremlin calls large business for a meeting on Thursday, TASS says
by Reutersby ReutersMOSCOW – Executives representing Russia’s largest companies, including from the IT sector, were invited to take part in a meeting in the Kremlin on Thursday, TASS news agency reported, citing …
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COPENHAGEN – Carlsberg has shut its brewery in Lviv, western Ukraine, after supplies of natural gas to the brewery were cut, a company spokeswoman told Reuters. (Reporting by Jacob Gronholt-Pedersen; …
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SAO PAULO – Brazilian brewer Ambev SA’s fourth-quarter net income fell 45.6% from a year earlier to 3.75 billion reais ($748.55 million), it said on Thursday, citing widespread deceleration across …
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VIENNA – Austria’s Raiffeisen Bank International said its banks in Russia and Ukraine are well-capitalised and self-financing, and that provisions were already made last year as part of its risk …
- Financial News
South Korea to join sanctions against Russia, but not considering unilateral steps
by Reutersby ReutersBy Josh Smith and Hyonhee Shin SEOUL – South Korea said on Thursday it would join in unspecified multilateral economic sanctions on Russia in response to its military operations in …
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BERLIN – Mercedes-Benz expects a headwind from higher raw material prices of around 2 points to its return on sales this year, Chief Financial Executive Harald Wilhelm said in an …
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LONDON – The London Stock Exchange (LSEG) expanded its Paris-based clearing service on Thursday as it adjusts to a post-Brexit landscape where Britain’s financial sector faces being increasingly cut off …
- Financial News
Telecom Italia weighs sale of INWIT stake as workers stage strike
by Reutersby ReutersBy Elvira Pollina MILAN -Telecom Italia (TIM) is considering selling its stake in mobile tower group INWIT to French investment fund Ardian as part of its efforts to shore up …
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By Anait Miridzhanian -Europe’s biggest hotel group Accor said on Thursday it was “well on the way” to more normal levels of activity this year after its core earnings swung …
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PRAGUE – Czech President Milos Zeman, who had in the past promoted warm relations with Moscow, said on Thursday Russia’s attack on Ukraine was “crime against peace” and required a …
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Greek PM condemns Russian attack, says Greece energy supply secure
by Reutersby ReutersATHENS -Greek Prime Minister Kyriakos Mitsotakis condemned Russia’s attack on Ukraine on Thursday but said Greece has sufficient energy supply. Greece imports 40% of its natural gas from Russia and …
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White House unveils more steps to strengthen U.S. supply chains
by Reutersby ReutersBy Andrea Shalal WASHINGTON – The White House on Thursday announced 10 new steps as part of its year-long drive to strengthen U.S. supply chains against climate shocks and geopolitical …
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Russia does not want to weaponise gas in conflict, says TotalEnergies CEO
by Reutersby ReutersLONDON – Russia does not want to use natural gas as a weapon in its conflict with Ukraine, the CEO of French energy company TotalEnergies said on Thursday. “I am …
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Meta’s Zuckerberg unveils AI projects aimed at building metaverse future
by Reutersby ReutersBy Elizabeth Culliford -Facebook-owner Meta is working on artificial intelligence research to generate worlds through speech, improve how people chat to voice assistants and translate between languages, CEO Mark Zuckerberg …
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Bank of England will fight inflation in a “measured way”, Pill says
by Reutersby ReutersLONDON – Bank of England Chief Economist Huw Pill said the British central bank will seek to bring fast-rising inflation down in a “measured way” and one “that doesn’t disturb …
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ECB to conduct comprehensive economic outlook assessment at March meeting
by Reutersby ReutersBy Jan Strupczewski BRUSSELS – The European Central Bank will conduct a comprehensive assessment of the economic outlook after Russia’s attack on Ukraine at the bank’s March meeting, it said …
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LONDON – British consumer spending edged up in the week to Feb. 17, but other measures were hurt by a series of winter storms which hit the country, weekly data …
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Aramco shares rise to record high as oil tops $100 for first time since 2014
by Reutersby ReutersDUBAI – Saudi Aramco shares surged as much as 4.2% to a record high 42.25 riyals ($11.26) on Thursday as oil prices breached the $100 a barrel after Russia attacked …