(Reuters) -Russian lender TCS Group Holding on Friday said it was benefitting from increased liquidity as volatility and outflows hit its sanctioned rivals, and that central bank efforts to support the embattled sector were bearing results. Major banks have been excluded from the SWIFT global messaging network, making it hard for lenders and companies to…
(Removes paragraph on reverse Yankees which included incorrect reference to Boston Scientific) By Yoruk Bahceli (Reuters) -Companies returned to Europe’s corporate bond market to issue debt on Thursday after it remained frozen for a week following Russia’s invasion of Ukraine. U.S. medical device company Boston Scientific American launched three, six, nine and 12-year bonds for…
MIAMI (AP) — Sanctions on Russia are starting to wreak havoc on global trade, with potentially devastating consequences for energy and grain importers while also generating ripple effects across a world still struggling with pandemic-induced supply chain disruptions. Since Russia’s invasion of Ukraine, hundreds of tankers and bulk carriers have been diverted away from the…
(Reuters) – Wall Street’s main indexes opened lower on Friday as concerns over the intensifying conflict in Ukraine overshadowed data that showed an acceleration in jobs growth last month. The Dow Jones Industrial Average fell 139.23 points, or 0.41%, at the open to 33,655.43. The S&P 500 opened lower by 21.37 points, or 0.49%, at…
BERLIN (Reuters) – Tesla has received a conditional license to begin production at its electric vehicle (EV) factory and adjacent battery plant in Gruenheide, Germany, the local environmental ministry in Brandenburg said on Friday. The factory, which Tesla has begun constructing under pre-approval permits, is set to produce over 500,000 battery-electric vehicles a year, while…
NEW YORK (Reuters) – U.S. employers hired far more workers than expected in February, pushing the labor market closer to maximum employment, but rising headwinds from geopolitical tensions could hurt business confidence and slow job growth in the months ahead. The Labor Department’s closely watched employment report’s survey of establishments on Friday showed nonfarm payrolls…
By Naveen Thukral and Pratima Desai SINGAPORE/LONDON (Reuters) – Commodity markets were on track on Friday for their biggest weekly gains in years as the shuttering of Ukrainian ports and sanctions against Russia sent energy, crop and metal buyers scrambling for replacement supplies. Russia is one of the world’s biggest exporters of key raw materials,…
WASHINGTON (AP) — In a buoyant sign for the U.S. economy, businesses stepped up their hiring last month as omicron faded and more Americans ventured out to spend at restaurants, shops and hotels despite surging inflation. Employers added a robust 678,000 jobs in February, the largest monthly total since July, the Labor Department reported Friday….
(Reuters) – BlackRock Inc said on Friday the New York Stock Exchange Arca had suspended trading in the asset manager’s iShares MSCI Russia exchange traded fund, following sanctions by Western governments against Russia after its military invasion of Ukraine. BlackRock said it supported the move due to the ETF’s concentrated exposure to Russian equities, the…
MOSCOW (Reuters) – Companies and investors across the world faced Russian dilemmas on Friday as they weighed up an offer from Moscow to fast-track their exits from the country and allow them to hand over holdings to local managers until they return. The options offered by First Deputy Prime Minister Andrei Belousov came one week…
