By Jessica DiNapoli NEW YORK -Procter & Gamble Co is ending all new capital investments in Russia and “significantly reducing” its portfolio to focus on basic hygiene, health and personal …
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NEW YORK – Russia will be excluded from all of JPMorgan’s fixed income indexes on March 31, the bank said in a statement on Monday, joining rival index providers that …
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Boeing suspends Russian titanium as Airbus keeps buying
by Reutersby ReutersBy Aishwarya Nair and Tim Hepher -Boeing Co said on Monday it had suspended buying titanium from Russia, while its European rival Airbus continues to use supplies from the nation …
- Financial News
Mutual fund manager Vanguard suspends purchases of Russian securities
by Reutersby ReutersBy Ross Kerber and Davide Barbuscia BOSTON -Vanguard Group has suspended purchases of Russian securities from its actively managed funds, the top mutual fund manager said on Monday. Pennsylvania-based Vanguard …
- Financial News
Uniqlo owner stays put in Russia as Boeing suspends buying Russian titanium
by Reutersby ReutersBy Akriti Sharma and Rocky Swift -Uniqlo owner Fast Retailing will keep its stores in Russia open, joining a small group of international firms that are staying put even as …
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By Walter Bianchi and Lucila Sigal BUENOS AIRES – Argentine bonds fell on Monday as a new $45 billion deal with the International Monetary Fund (IMF) started to move through …
- Financial News
Factbox-European and U.S. companies mobilise to help Ukrainians fleeing war
by Reutersby Reuters– Companies across Europe and North America have begun offering aid to Ukrainian authorities and people fleeing war following Russia’s invasion, as over a million leave their homes and head …
- Financial News
No inflation relief in sight for U.S. as impact of Ukraine war intensifies
by Reutersby ReutersBy Lindsay Dunsmuir -Russia’s invasion of Ukraine has dashed any hope U.S. consumers might have had for relief from sky-rocketing inflation, with gasoline prices in the last week surging by …
- Financial News
Exclusive-Wall Street regulator to propose climate risk rule as early as next Wednesday -sources
by Reutersby ReutersBy Katanga Johnson and Jarrett Renshaw WASHINGTON -The U.S. Securities and Exchange Commission (SEC) plans to propose its landmark climate risk rule as early as next Wednesday, March 16, said …
- Financial News
U.S. warns financial institutions to be on watch for Russian sanctions evasion
by Reutersby ReutersWASHINGTON – The United States on Monday warned financial institutions to watch out for potential Russian sanctions evasion attempts following rafts of sanctions imposed by Washington on Russia over its …
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LONDON -Russia’s rouble fell sharply in thin trading on Monday to a fresh record low, with local markets closed for trading until at least Wednesday. The rouble has lost nearly …
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Russian distressed bonds could be scooped up, some touting deep discounts on loans
by Reutersby ReutersBy Tommy Wilkes and Davide Barbuscia LONDON/NEW YORK – Beaten-down Russian assets are looking attractive to some, with JPMorgan strategists touting the bonds of Russian companies with significant international operations …
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By Elvira Pollina MILAN -Shares in Telecom Italia (TIM) hit record lows on Monday as the head of Italy’s biggest phone group met investors to try to persuade them of …
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By Niket Nishant and Anirban Sen -Intel Corp’s self-driving car unit Mobileye confidentially filed for an initial public offering in the United States on Monday, setting the stage for what …
- Financial News
Exclusive-Inter-American Development Bank will divest Russian assets, source says
by Reutersby ReutersWASHINGTON – The Inter-American Development Bank plans to divest Russian holdings in its pension plans and remove Russia’s ability to observe the bank’s annual meetings, a source familiar the matter …
- Financial News
Dollar edges higher as surging energy prices prompt safe-haven flows
by Reutersby ReutersBy David Henry and John McCrank NEW YORK -The U.S. dollar rose on Monday, lifted by safe-haven flows, as investors weighed the effects on global economic growth of oil prices …
- Department of Justice Press Releases
Georgia man who used COVID relief funds to buy Pokemon card sentenced to prison
by DOJ Pressby DOJ PressDUBLIN, GA: A Laurens County, Georgia man has been sentenced to federal prison after admitting he lied to obtain a COVID-19 disaster relief loan, then used a large portion of …
- Financial News
Brazil meat firms could replace Ukrainian, Russian suppliers as war rages on
by Reutersby ReutersBy Nayara Figueiredo SAO PAULO – Soaring grain prices in the wake of Russia’s attack on Ukraine are hurting Brazilian meatpackers, but trade disruptions facing Ukrainian and Russian meat producers …
- Financial News
Ukraine crisis jeopardises Middle East’s Black Sea wheat supply
by Reutersby ReutersBy Sarah El Safty and Hadeel Al Sayegh CAIRO – Wheat importers face a threat to delivering politically sensitive bread supplies across the Middle East and North Africa (MENA) after …
- Financial News
Peruvian economy’s outlook very uncertain, downside risks prevail, says IMF
by Reutersby Reuters– The outlook for Peru’s economy is “very uncertain and downside risks prevail” despite a strong rebound in gross domestic product growth (GDP) last year, the International Monetary Fund (IMF) …
- Financial News
Shipping Russia banned goods may lead to blacklisting, U.S. warns companies
by Reutersby ReutersBy Karen Freifeld and Alexandra Alper NEW YORK/WASHINGTON – The Biden administration is threatening to add companies to a trade blacklist if they skirt new export curbs against Russia, as …
- Financial News
Oil prices hit 14-year highs on Russia oil ban talks, Iran deal delay
by Reutersby ReutersBy Shariq Khan and Stephanie Kelly BENGALURU -Oil prices jumped on Monday to their highest levels since 2008 as the United States and European allies considered banning Russian oil imports …
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Oil, wheat, nickel storm higher on fears of supply chaos
by Reutersby ReutersBy Eric Onstad and Naveen Thukral LONDON/SINGAPORE -Commodity prices went on the rampage on Monday as industrial buyers and traders scrambled to source raw materials hit by supply disruptions caused …
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Disney CEO, responding to LGBTQ employees, says company’s stories promote inclusion
by Reutersby ReutersBy Dawn Chmielewski – Walt Disney Co Chief Executive Bob Chapek said on Monday in response to calls that the company take a public stand against a Florida bill that …
- Financial News
Berkshire Hathaway reveals $5 billion Occidental stake as Icahn exits
by Reutersby ReutersBy Jonathan Stempel -Warren Buffett’s Berkshire Hathaway Inc revealed a more than $5 billion stake in Occidental Petroleum Corp, as oil prices soared to their highest level in about a …