(Corrects net profit figure) BOGOTA (Reuters) – Net profit at Grupo SURA, Colombia’s largest investment company, rose to 406.7 billion pesos ($103 million) from the 61.3 billion pesos net loss reported the year before, boosted by the recovery of its business and a lower impact from the COVID-19 pandemic, the company said in a statement…
By itself, being able to read smartphone home screens in Cherokee won’t be enough to safeguard the Indigenous language, endangered after a long history of erasure. But it might be a step toward immersing younger tribal citizens in the language spoken by a dwindling number of their elders. That’s the hope of Principal Chief Richard…
WASHINGTON (Reuters) – White House economic adviser Cecilia Rouse said on Monday that the biggest U.S. economic risk from Russia’s invasion of Ukraine is from higher gasoline prices, and the depth of the impact will depend on the length of the conflict. Rouse, who chairs the Council of Economic Advisers, told a Politico online event…
(Reuters) -Jefferies Financial Group Inc will donate all of its global net trading revenue on March 2 to Ukranian humanitarian relief, Chief Executive Officer Richard Handler said in an Instagram story on Monday. The bank will donate net global trading commissions for all trading in equities, fixed income and foreign exchange by the firm’s clients…
By Tom Wilson LONDON (Reuters) – Trading volumes between the Russian rouble and the Tether cryptocurrency spiked sharply on Monday as the local currency tumbled to a record low on Western sanctions, data shared with Reuters showed. Rouble-denominated trades with the Tether – a so-called stablecoin – hit $29.4 million, their highest this year and…
By David Henry and Niket Nishant (Reuters) -Citigroup Inc’s total exposure to Russia amounts to nearly $10 billion, the bank said on Monday, higher than previously communicated, following questions over whether it will have to set aside funds to cover potential losses. Citigroup listed Russia as 21 among its top 25 country exposures with $5.4…
LONDON (AP) — Global oil and gas giant Shell said Monday that it is pulling out of Russia as President Vladimir Putin’s invasion of Ukraine continues to cost the country’s all-important energy industry foreign investment and expertise. Shell announced its intention to exit its joint ventures with Russia’s state-owned energy giant Gazprom and related entities,…
NEW YORK (Reuters) – Nasdaq Inc and Intercontinental Exchange Inc’s NYSE have temporarily halted the trading in stocks of Russia-based companies listed on their exchanges, their websites showed. The halts were due to regulatory concerns as the exchanges seek more information following economic sanctions against Russia following its invasion of Ukraine, said sources familiar with…
By Jacob Gronholt-Pedersen COPENHAGEN (Reuters) – Toymaker Lego has recommended that its staff in Russia not attend protests or get involved in any public discussion about the war in Ukraine, after police detained thousands at anti-war protests across Russia. The advice was given to ensure the safety of its employees, but also highlights the challenge…
By Ben Klayman (Reuters) -Global auto and truck makers, including Sweden’s Volvo Cars and Germany’s Daimler Truck, on Monday suspended some business in Russia following that country’s invasion of Ukraine. Russian forces invaded Ukraine last week, marking the biggest attack by one state against another in Europe since World War Two. Many firms have idled…
