By Julia Payne LONDON – Soaring prices of commodities from oil to wheat in the wake of Russia’s invasion of Ukraine could cost the global economy the equivalent of at …
Global
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By Valentina Za MILAN – European bank stocks have lost a fifth of their value over the past month amid the Ukraine crisis. Western sanctions against Russia following its invasion …
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– Global mutual funds and exchange-traded funds with significant exposure to Russian equities and bonds have seen massive outflows and an erosion in their net assets over the past month, …
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Business News
RCG Global Services Appoints Insurance Industry Veteran Patti Griffin to Board
by Your Newsby Your NewsISELIN, N.J., March 9, 2022 — RCG Global Services (“RCG” or “the Company”) is proud to announce the appointment of Patti Griffin to its Board of Directors. RCG is a global …
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Financial News
Global LNG demand growth shifts from Asia to Europe on Russia sanctions
by Reutersby ReutersBy Isabel Kua SINGAPORE – Asia’s liquefied natural gas (LNG) demand growth may cool this year as buyers baulk at record-high spot prices pushed even higher by Europe’s shift to …
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Featured NewsFinancial News
Aramco CEO says Ukraine invasion has accelerated global energy crisis
by Reutersby Reuters-Saudi Aramco CEO Amin Nasser said the “tragic situation unfolding in Ukraine” is making the global energy crisis worse, according to prepared remarks delivered at an industry conference Tuesday. Nasser, …
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Featured NewsFinancial News
OPEC has no control over events roiling global oil markets -Sec Gen
by Reutersby ReutersBy Marianna Parraga HOUSTON -OPEC has no control over the events that have led to the run up in global oil prices and there is not enough capacity worldwide to …
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– S&P Global on Tuesday reaffirmed its sovereign rating for the United States at ‘AA+/A-1+’, the second highest rating by the agency even as the country battles inflationary pressures. The …
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Business News
Steward Partners Global Advisory Welcomes Ramapo Wealth Advisors, a New Jersey-based $600 Million Team
by Your Newsby Your NewsWASHINGTON, March 8, 2022 — Steward Partners Global Advisory, LLC, an employee-owned, full-service independent partnership associated with Raymond James Financial Services, Inc. (member FINRA/SIPC), welcomes its newest partner firm, Ramapo Wealth …
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By Valentina Za MILAN – European bank stocks have lost a fifth of their value since Russia invaded Ukraine last month. Western sanctions against Moscow have upended the financial sector, …
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– Global equity funds saw massive outflows in the week to March 2 as investors sought safer havens for their assets amid Russia’s invasion of Ukraine. Investors offloaded global equity …
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Financial News
Icahn takes pig-welfare push global amid McDonald’s proxy fight
by Reutersby ReutersBy Tom Polansek CHICAGO – Carl Icahn is broadening a push to get McDonald’s Corp to improve suppliers’ treatment of pigs raised for bacon and sausage. The billionaire activist investor, …
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By Howard Schneider WASHINGTON – Global supply chain pressures eased in February as backlogs and delivery times improved in several key markets and a measure of ocean shipping costs declined, …
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By Dmitry Zhdannikov and Julia Payne LONDON – Disruptions to Russian oil exports intensified on Wednesday with more countries and companies refusing to import and transport Russian crude and at …
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Financial News
Global banks eschew risk as they navigate Russia sanctions quagmire
by Reutersby ReutersBy Michelle Price and Sumeet Chatterjee WASHINGTON/HONG KONG – Faced with an unprecedented level of sanctions on Russia, global banks are taking a dim view of business with all Russian …
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US and World News
Analysis-Who pays? UN climate report reignites global fight for compensation
by Reutersby ReutersBy Kate Abnett BRUSSELS – With this week’s U.N. climate science report laying bare the staggering economic costs and losses already faced from climate change, an inevitable question arises: who …
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Financial News
Global food supply at risk from Russian invasion of Ukraine, Yara says
by Reutersby ReutersBy Victoria Klesty OSLO – Russia’s invasion of Ukraine threatens global food supplies, Norwegian fertiliser maker Yara International said on Tuesday, adding that the international community needed to reduce its …
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– Discovery Inc said on Monday it has selected veteran television producer Chris Licht as chairman and chief executive of CNN Global when Discovery completes its acquisition of WarnerMedia this …
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By Marcy de Luna HOUSTON – A liquefied natural gas tanker that has been docked at Venture Global’s Calcasieu Pass export terminal in Louisiana since early February is nearly loaded, …
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By Mark John – Western economic sanctions to punish Russia for its invasion of Ukraine heap a new set of unknowables on a global economy already distorted by the coronavirus …
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Financial News
S&P Global warns of rating downgrades after Russia’s Ukraine invasion
by Reutersby ReutersLONDON – Russia’s invasion of Ukraine could cause a spate of credit rating downgrades S&P Global said on Friday, warning the global economy, and Europe especially, now faced a starkly …
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NEW YORK – The prices of a major junk bond ETF fell on Thursday as investors pulled out of riskier assets amid a widespread selloff in global markets sparked by …
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US and World News
75% of people want single-use plastics banned, global survey finds
by Reutersby ReutersBy John Geddie LONDON – Three in four people worldwide want single-use plastics to be banned as soon as possible, according to a poll released on Tuesday, as United Nations …
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By Karin Strohecker LONDON – A potential invasion of Ukraine by neighbouring Russia would be felt across a number of markets, from wheat and energy prices and the region’s sovereign …
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– Major investment banks have penciled in a strong run of interest rate hikes for 2022 after hotter-than-expected inflation data ramped up pressure on the Federal Reserve to take a …