BEIJING (Reuters) – China’s factory activity likely contracted in February on slower production after the Lunar New Year holiday and Winter Olympics, with Beijing expected to unveil more stimulus measures at a parliamentary meeting later this week to support the economy. The official manufacturing Purchasing Manager’s Index (PMI) is expected to ease to 49.9 in…
SINGAPORE (Reuters) -The Russian rouble tumbled to a record low against the dollar on Monday, after Western nations announced a harsh set of sanctions over the weekend to punish Russia for its invasion of Ukraine, including curbs on the country’s currency reserves. The rouble fell as far as 119.50 per dollar in Asian trading, a…
By Kevin Buckland and Alun John TOKYO (Reuters) – The rouble plunged to an all-time low on Monday, and the dollar soared against nearly all peers after Western nations announced fresh sanctions to punish Russia for its invasion of Ukraine, and Vladimir Putin put nuclear-armed forces on high alert. The rouble dropped to as low…
TOKYO (AP) — Asian shares rose Tuesday as global investors eyed talks aimed at ending the Russian military assault on Ukraine, which so far have yielded just an agreement to keep talking. Benchmarks were higher in early trading in Tokyo, Sydney and Shanghai. Hong Kong declined and markets were closed in South Korea for a…
BERLIN (Reuters) – E.ON, Europe’s largest operator of energy networks, rejected demands to shut down the Nord Stream 1 gas pipeline as part of sanctions against Russia for invading Ukraine, the company told Rheinische Post newspaper on Monday. After the German government put the Nord Stream 2 pipeline on hold last week, Polish Prime Minister…
SINGAPORE (Reuters) – The Russian rouble tumbled to a record low against the dollar on Monday, after Western nations announced a harsh set of sanctions over the weekend to punish Russia for its invasion of Ukraine, including sanctions on the country’s currency reserves. The dollar/rouble rate was up 41.50% at a record 119.00 per dollar,…
TOKYO (Reuters) – Japan’s government and central bank executives will meet on Monday to discuss market developments in the first such gathering in roughly a year, as the financial fallout from Russia’s invasion of Ukraine broadens. Masato Kanda, vice finance minister for international affairs who oversees Japan’s currency policy, will meet his counterparts at the…
By Ron Bousso and Dmitry Zhdannikov LONDON (Reuters) – BP is abandoning its stake in Russian oil giant Rosneft in an abrupt and costly end to three decades of operating in the energy-rich country, marking the most significant move yet by a Western company in response to Moscow’s invasion of Ukraine. Rosneft accounts for around…
By Elizabeth Culliford NEW YORK/MOSCOW (Reuters) – As Russian missiles rained down on Ukrainian cities, another battle took place online and over the airwaves. Moscow ramped up efforts to control the narrative playing out in news media and on tech platforms, while big tech companies Facebook-owner Meta Platforms Inc and Alphabet Inc’s Google put restrictions…
(Reuters) – Energy major BP opened a new front in the West’s campaign to isolate Russia’s economy, with its decision to quit the oil-rich country the most aggressive move yet by a company in response to Moscow’s invasion of Ukraine. Western allies have ramped up efforts to punish Russia with new sanctions including shuttering their…