By Ross Kerber -Top mutual fund manager Vanguard Group said on Friday it will adhere to international sanctions being imposed on Russia in the wake of Moscow’s invasion of Ukraine, …
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- Featured NewsFinancial News
Europe at war: Six charts to know in financial markets
by Reutersby ReutersLONDON – Russia’s escalating war in Ukraine has sent commodity and energy prices soaring, boosted safe havens and hammered Europe’s common currency and its stock markets. Below are six charts …
- Featured NewsFinancial News
Zara owner Inditex closes Russian stores and online platform
by Reutersby ReutersMADRID -Spanish fashion retailer Inditex has halted trading in Russia, closing its 502 shops and stopping online sales, the company said in a statement on Saturday. The Zara owner is …
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By Kevin Yao and Ryan Woo BEIJING -China on Saturday targeted slower economic growth of around 5.5% this year as headwinds including an uncertain global recovery and a downturn in …
- Featured NewsFinancial News
PayPal shuts down its services in Russia citing Ukraine aggression
by Reutersby ReutersBy Paresh Dave – Payments company PayPal Holdings Inc shut down its services early on Saturday in Russia, citing “the current circumstances,” joining many financial and tech companies in suspending …
- Financial News
Tesla’s long-delayed German gigafactory gets conditional green light
by Reutersby ReutersBy Nadine Schimroszik and Christoph Steitz POTSDAM, Germany -Tesla Inc received a conditional go-ahead for its German gigafactory near Berlin on Friday, the state of Brandenburg said, ending months of …
- Featured NewsUS and World News
Russian law on ‘fake news’ prompts media to halt reporting as websites blocked
by Reutersby ReutersBy Pavel Polityuk and Aleksandar Vasovic LVIV, Ukraine/KYIV – Russia blocked Facebook and some other websites on Friday and passed a law that gave Moscow much stronger powers to crack …
- Financial News
Exclusive-Boeing aims to nearly double 737 MAX production by end-2023 -sources
by Reutersby ReutersBy Eric M. Johnson and Tim Hepher SEATTLE/PARIS – Boeing Co has preliminary plans to boost production of its cash cow 737-family narrowbody to around 47 per month by the …
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BEIJING – China will continue its crackdown on monopolies to ensure fair competition, Premier Li Keqiang said in a report released ahead of the start of the annual session of …
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By Dhara Ranasinghe, Yoruk Bahceli and Gertrude Chavez-Dreyfuss LONDON/NEW YORK -Financial indicators signalled increasing signs of stresses spreading through global markets on Friday as concerns grow over the wider economic …
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ROME – Italian banks were instructed by the Bank of Italy’s financial intelligence division on Friday to urgently let it know of all measures taken to freeze the assets of …
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By Lewis Krauskopf NEW YORK – Geopolitical worries are clouding the outlook for U.S. stocks, even as Russia’s invasion of Ukraine moderates expectations for how aggressively the Federal Reserve will …
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Wall Street ends down as Ukraine fears eclipse solid jobs data
by Reutersby ReutersBy Devik Jain and Noel Randewich – Wall Street ended lower on Friday as the war in Ukraine overshadowed an acceleration in U.S. jobs growth last month that pointed to …
- Department of Justice Press Releases
Former Real Estate Attorney and Wife Plead Guilty to Mortgage Fraud and Tax Charges
by DOJ Pressby DOJ PressBOSTON – A former Massachusetts attorney and his wife pleaded guilty today in federal court in Boston in connection with various mortgage fraud schemes. Barry Wayne Plunkett Jr., 61, and …
- Financial News
Russia blocks Facebook, accusing it of restricting access to Russian media
by Reutersby ReutersBy Elizabeth Culliford – Russia is blocking Meta Platforms Inc’s Facebook, the country’s communications regulator said on Friday, in response to what it said were restrictions of access to Russian …
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CARACAS – Venezuela’s rate of consumer price inflation continued to fall in February to 2.9%, the lowest figure in eight years, the central bank said on Friday. The government of …
- Financial News
Explainer-Argentina’s new IMF deal pushes default fears down the road
by Reutersby ReutersBy Walter Bianchi BUENOS AIRES – Argentina has sealed a staff-level agreement with the International Monetary Fund (IMF) for a $45 billion program, which will push looming debt payments down …
- Financial News
Samsung Elec says shipments to Russia suspended, donating $6 million in aid
by Reutersby ReutersSEOUL – Samsung Electronics said on Saturday shipments to Russia have been suspended “due to current geopolitical developments.” “We continue to actively monitor this complex situation to determine our next …
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By Walter Bianchi and Rodrigo Campos BUENOS AIRES/NEW YORK – Argentine sovereign bonds tumbled some 2.3% on Friday, a day after the government struck a $45 billion staff-level agreement with …
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– U.S. commercial electric vehicle maker Electric Last Mile Solutions Inc (ELMS) will lay off about 24% of its staff as it looks to focus on its core business and …
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By Tom Wilson and Elizabeth Howcroft LONDON – Cryptocurrencies have been close to the headlines since Russia invaded Ukraine, with the ever-volatile bitcoin in demand in Russia and beyond. Here …
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-Exchange operator Cboe Global Markets on Friday declared a regulatory halt in trading on the VanEck Russia ETF, which has tumbled since Russia’s invasion of Ukraine last week. Cboe also …
- Financial News
Rouble down over 20% for week in Moscow as sanctions bite; drops 32% in offshore trade
by Reutersby Reuters-The rouble ended the week down more than 20% against the dollar and euro in Moscow trading on Friday and dropped a third of its value on other platforms this …
- Financial News
Apple shareholders approve CEO Cook’s annual compensation, civil rights proposal
by Reutersby ReutersBy Danielle Kaye and Nivedita Balu -Apple Inc shareholders approved Chief Executive Officer Tim Cook’s annual compensation in a virtual meeting on Friday, and voted in favor of a proposal …
- Financial News
Yellen says Biden economic plan to spread growth across more ‘places and races’
by Reutersby ReutersBy David Lawder WASHINGTON -U.S. Treasury Secretary Janet Yellen said on Friday the Biden administration’s economic agenda will not only expand the productive capacity of the U.S. economy, but can …