MOSCOW – Russia’s central bank on Thursday said it was increasing the capital of affiliated reinsurance firm AO RNPK, which specialises in providing protection against international sanctions, to 300 billion…
By 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…
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,…
LONDON – Credit rating agency Moody’s warned on Tuesday that Russia’s move to ban the servicing of newly-issued foreign-currency debt in the wake of stiff Western sanctions had added to…
By 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…
By Simon Jessop and Ross Kerber LONDON/BOSTON – As investors and businesses increasingly pledge to cut their carbon emissions, scientists on Monday offered a fresh warning about the need to…
By Manoj Kumar NEW DELHI – Rising crude oil prices and supply disruptions following Russia’s invasion of Ukraine could further sap an Indian economy already slowed by COVID-19, posing risks…
By Nancy Lapid – The following is a summary of some recent studies on COVID-19. They include research that warrants further study to corroborate the findings and that has yet…
WASHINGTON – Banks in the United States do not expect a material financial impact on their businesses, or broader risk contagion, as a result of sanctions Washington and other countries…
MOSCOW – Escalating tensions between Moscow and Western countries over Ukraine and the possibility of sanctions against Russia have fuelled fears supplies of key commodities produced and exported by Russian…
By Duncan Miriri NAIROBI – A key IMF-supported programme funding military wages and other essential services in Somalia could expire in May if there are any further delays to elections,…
By Divya Chowdhury MUMBAI – Uncertainty over the pace of monetary policy will mean a volatile first half for risk assets followed by an upward path for equities in the…
By Nancy Lapid – The following is a summary of some recent studies on COVID-19. They include research that warrants further study to corroborate the findings and that has yet…
By Andrea Shalal WASHINGTON – Headline inflation has moved above central bank targets in most Group of 20 economies despite weaker growth momentum and remains a “significant risk,” but rising…
By Marc Jones LONDON – The risk of material credit rating pressures from the current tensions between Russia and Ukraine is low, Moody’s said on Wednesday, unless the situation continues…
Vitamin D deficiency was linked to worse health outcomes for COVID-19 patients, including higher risk of death, a new study found. Israeli scientists from Bar-Ilan University and the Galilee Medical…
By Andrea Shalal and David Lawder WASHINGTON – Developing countries must quickly strengthen their financial sectors, the World Bank said on Tuesday, warning that rising inflation, interest rates and alarming…
By Sruthi Shankar and Shashank Nayar -European stocks pulled back some of their recent losses on Tuesday following reports that some Russian troops near Ukraine were returning to their bases,…
By Adriana Barrera MEXICO CITY – The top U.S. business lobby in Mexico on Tuesday raised concerns about a bill that would strengthen state control of the power market at…
By Medha Singh and Lisa Pauline Mattackal – As bitcoin drifts towards mainstream maturity in 2022, daring crypto investors are eyeing up new sources of explosive action: “altcoins” that power…
By Balazs Koranyi and William Schomberg FRANKFURT/LONDON – In just a few short weeks, the balance of power at the world’s top central banks has shifted to conservatives, heralding the…
By Pete Schroeder and Hannah Lang WASHINGTON -Sarah Bloom Raskin, President Joe Biden’s pick to be the Fed’s top bank regulator, told U.S. lawmakers on Thursday that she believes banks…
LONDON -Tesco, Britain’s biggest retailer, said on Tuesday 1,600 roles were at risk of redundancy due to operational changes at stores, including the removal of night shifts to restock shelves.…
By David Randall and Davide Barbuscia NEW YORK – The Federal Reserve’s hawkish shift is bolstering the case for investors looking to trim risk from their portfolios, as the U.S.…
– Hawkish comments from Federal Reserve Chair Jerome Powell on Wednesday have led short-term interest rate traders to begin pricing for the possibility that the U.S. central bank could raise…