U.S. banks’ Russia exposure unclear; risk of long-term impacts – analysts
By Elizabeth Dilts Marshall NEW YORK – U.S. banks’ exposures to Russia may not be fully understood by investors due to a lack of transparency in disclosures made so far,…
By Elizabeth Dilts Marshall NEW YORK – U.S. banks’ exposures to Russia may not be fully understood by investors due to a lack of transparency in disclosures made so far,…
– Russian manufacturing activity shrank in February as new orders fell for the first time in six months as businesses felt the impact of the COVID-19 pandemic, a survey showed…
BEIJING – Activity in China’s services sector grew at a faster pace in February, official data showed on Tuesday. The official non-manufacturing Purchasing Managers’ Index (PMI) was at 51.6 in…
TOKYO, Mar 1 – Japan’s manufacturing activity growth slowed to a five-month low in February, as the Omicron variant of the coronavirus pandemic and raw material shortages hurt firms’ output,…
By Devayani Sathyan BENGALURU – Malaysia’s central bank will wait until the third quarter before raising interest rates from a record low to support an uneven economic recovery, according to…
By Foo Yun Chee and Kate Abnett BRUSSELS – The European Commission will propose that member countries tax the profits energy companies made from recent gas price spikes and invest…
MOSCOW – A Russian court on Monday rejected an appeal by Alphabet Inc’s Google and upheld a 7.2 billion rouble ($73.39 million) fine over its failure to delete content Russia…
– Citigroup Inc named Titi Cole as the chief executive officer of its legacy franchises segment, primarily consisting of the consumer businesses that the bank’s set to exit soon, according…
BERLIN – The environmental ministry in the German state of Brandenburg is in the final phase of the approval process for Tesla’s planned factory, a spokesperson said on Monday. Tesla…
By Luiza Ilie BUCHAREST – The day before Russia invaded Ukraine, Iryna Kyrychenko and her husband went to sleep thinking they would take their two young daughters to visit their…
GENEVA – At least 102 civilians in Ukraine have been killed since Russia launched its invasion last Thursday, with a further 304 injured, but the real figure is feared to…
LONDON – Russia’s economy is expected to contract 20% in the second quarter and by around 3.5% for the full year following intensified sanctions, JPMorgan said on Monday. “If these…
MOSCOW -Russia’s central bank has ordered professional stock market participants to suspend the execution of all orders by foreign legal entities and individuals to sell Russian securities from Monday morning,…
PRAGUE – Russian bank Sberbank’s Czech unit will keep branches closed on Monday and card transactions and internet banking stopped, CTK news agency reported on Sunday, citing the bank as…
By David Lawder WASHINGTON – World Bank President David Malpass said on Sunday the bank may be able to provide Ukraine with more financial resources within days and that additional…
WASHINGTON – The Biden Administration will ask Congress for $6.4 billion dollars in economic and military aid to help Ukraine as it fights the Russian invasion, Democratic Senate Majority Leader…
MOSCOW – A Russian delegation has arrived in Belarus for talks with Ukraine, a Kremlin spokesperson was quoted by the Ifax news agency as saying on Sunday, the first negotiations…
By David Lawder WASHINGTON – China so far does not appear to be helping Russia evade Western financial sanctions on Moscow over its invasion of Ukraine, but doing so would…
WASHINGTON – The United States, Britain, Europe and Canada on Saturday moved to block Russia’s access to the SWIFT international payment system as part of another round of sanctions against…
MILAN – Italy will support any European Union line on sanctions against Russia in response to Moscow’s invasion of Ukraine, including measures on the SWIFT global payment system, Prime Minister…
– Ukrainian Foreign Minister Dmytro Kuleba said on Saturday French Foreign Minister Jean-Yves Le Drian had supported cutting off Russia from the global SWIFT payment system in a phone conversation…
LONDON – JPMorgan said there was no immediate impact from sanctions on Russia at the month-end rebalancing of its emerging market bond indexes. The indexes are key performance benchmarks for…
WASHINGTON – The U.S. Treasury on Friday issued a new general license allowing international aid organizations and private firms to conduct commercial and financial transactions with Afghan government institutions. The…
By Karen Sloan – The addition of Ketanji Brown Jackson will not change the grip that Harvard and Yale Law alumni hold on the U.S. Supreme Court. President Joe Biden…
By Alexander Cornwell DUBAI – Afghanistan is inching closer towards economic collapse six months after the Taliban seized power, the Red Cross said on Friday, with a paralysed banking system…