Trump says final Nippon Steel deal not yet approved, addresses Russia sanctions and foreign policy
WASHINGTON, D.C. — President Donald Trump told reporters Friday that the Nippon Steel acquisition is not finalized and requires his approval, while also commenting on sanctions legislation against Russia and the prospects…
Engine maker Cummins takes $158 million charge over operations halt in Russia
(Reuters) – U.S. truck engine maker Cummins Inc said on Tuesday it took a $158 million charge in the first quarter related to its suspension of operations in Russia. Cummins said the…
Factbox: Companies count the cost of ditching Russia
(Reuters) – Multinationals that announced their exit from Russia, or suspension of activities there, after Moscow’s invasion of Ukraine on Feb. 24 have started to report associated losses. These are firms, listed…
No let off to oil prices as Russia barrels disappear from market – BP CEO
LONDON – BP does not expect any let off in oil prices in the near term as the volume of Russian oil impacted by Western sanctions was expectd to double, Chief Executive…
From Russia with Love, Check Out Ocean County’s New Russian ATV
If you have seen Ocean County’s newest rescue vehicle and it looks a bit foreign to you, that’s because it is. The new ATV purchased by the Ocean County Board of Commissioners…
Russia dollar bonds give back part of Friday’s gains
NEW YORK – Russian dollar bonds fell sharply on Monday, following steep gains late last week after the Russian finance ministry said it had made overdue payments which had threatened to push…
Mitsui posts record profit on strong metals, offsetting Russia loss
By Yuka Obayashi TOKYO -Japanese trading house Mitsui & Co Ltd reported a record full-year profit on Monday as soaring metals and energy prices offset a loss from its liquefied natural gas…
Ukraine formally closes seaports captured by Russia
KYIV – Ukraine has formally closed its four Black and Azov sea ports, which Russian forces have captured, the Ukrainian agriculture ministry said on Monday. The Azov Sea ports of Mariupol, Berdiansk…
Russia swerves to avoid default: what is next?
By Rodrigo Campos and Davide Barbuscia NEW YORK – Russia may have averted default as it announced it had made several overdue payments in dollars on its overseas bonds, shifting the market’s…
U.S. sees no threat of Russia using nuclear weapons despite rhetoric- official
WASHINGTON – The United States does not believe that there is a threat of Russia using nuclear weapons despite a recent escalation in Moscow’s rhetoric, a senior U.S. defense official said on…
Europe strains for clarity as Russia stands by roubles-for-gas demand
By Kate Abnett and Francesco Guarascio BRUSSELS – Companies and countries were at odds over Moscow’s rouble-for-gas payment system on Friday, while European officials promised more guidance on whether buying Russian gas…
Special Report-How military technology reaches Russia in breach of U.S. export controls
By David Gauthier-Villars, Steve Stecklow and John Shiffman (Reuters) – By his own account, Ilias Sabirov, a Moscow businessman, had supplied Russia’s military with high-performance computer chips made in the United States…
Factbox – Companies count the cost of ditching Russia
(Reuters) – Multinationals that announced their exit from Russia, or suspension of activities there, after Moscow’s invasion of Ukraine on Feb. 24 have started to report associated losses. These are firms, listed…
Russia makes last-gasp dollar bond payments in bid to avoid default
(Reuters) – Russia made what appeared to be a late u-turn to avoid a default on Friday, as it made a number of already-overdue international debt payments in dollars despite previously vowing…
Facebook’s Meta makes court appeal over ban for ‘extremist activities’ in Russia – Ifax
(Reuters) – Meta Platforms Inc has appealed to a Moscow court against a ban imposed on some of its activities in Russia due to “extremism”, the Interfax news agency cited the court’s…
Russia to slash rates by year-end as rouble recovers
(Reuters) – Russia’s inflation this year could be lower than previously expected thanks to a recovery in the rouble, which should give the central bank room to cut interest rates amid a…
Mercedes looking at energy options should Russia turn off the gas -CEO
By Nick Carey LONDON – Mercedes-Benz is looking at energy alternatives should Russia cut gas deliveries and is working closely with German authorities to ensure energy supplies, the premium carmaker’s top executive…
Former U.S. Marine Reed lands in U.S. after prisoner swap with Russia – spokesperson
WASHINGTON – Former U.S. Marine Trevor Reed, who was detained in Russia and released in a prisoner swap between Russia and the United States, landed in his home country, Reed’s spokesperson said…
McDonald’s in the spotlight as investors seek details of lost Russia revenue
By Uday Sampath Kumar and Hilary Russ (Reuters) – McDonald’s is poised to take a bigger financial hit from the war in Ukraine and shuttered locations in Russia than any other major…
Russia to cover budget deficit with rainy-day fund in 2022, Finance Minister says
(Reuters) – Russia’s National Wealth Fund (NWF), a rainy-day cushion containing oil revenues, will be the main source of financing for a budget deficit seen at 1.6 trillion roubles ($21.6 billion) or…
Russia says it may buy diamonds from sanctions-hit Alrosa
(Reuters) – Russia may buy an as yet undetermined amount of rough diamonds from sanctions-hit producer Alrosa through its state precious metals and gems repository Gokhran, the country’s Finance Minister Anton Siluanov…
MSCI eastern Europe stocks index drops after Russia cuts gas to Poland, Bulgaria
(Reuters) – MSCI’s emerging market eastern Europe equity index dropped as much as 1.2% in early trading on Wednesday after Russia cut gas supplies to Poland and Bulgaria. This is the fifth…
Russia To Cut Gas Supplies To Poland, Bulgaria
Russia To Cut Gas Supplies To Poland, Bulgaria Thomas Catenacci on April 26, 2022 Russia is reportedly planning to halt all natural gas pipeline flows to Poland and Bulgaria, a significant escalation…
Pentagon spokesman says Russia already weakened after war in Ukraine
WASHINGTON – Russia already has a weakened military and is a weakened state after its war on neighboring Ukraine, Pentagon press secretary John Kirby said on Tuesday before a meeting of NATO…
Russia fines Meta Platforms over ‘LGBT propaganda’, Ifax says
(Reuters) – A Russian court on Tuesday fined Meta Platforms Inc. 4 million roubles ($54,030) for failing to delete posts that contained what it calls “LGBT propaganda”, the Interfax news agency reported.…
White House: More sanctions against Russia likely
WASHINGTON – The U.S. is likely to impose more economic sanctions against Russia over its invasion of Ukraine and “no one is safe from our sanctions,” White House press secretary Jen Psaki…
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