March 6, 2022

(Reuters) -Activist investor Carl Icahn exited a bet on Occidental Petroleum Corp, selling the last of what was once a roughly 10% stake in the oil-and-gas producer, the Wall Street Journal reported https://www.wsj.com/articles/carl-icahn-exits-occidental-petroleum-after-nearly-three-years-11646596800?mod=latest_headlines on Sunday, citing a letter he sent to Occidental’s board on Sunday. Icahn, who had been cutting the position, in recent days…

(Reuters) -Netflix Inc has suspended its service in Russia, a company spokesperson said on Sunday. Earlier this week, Netflix temporarily stopped all future projects and acquisitions in Russia as it assessed the impact of Moscow’s invasion of Ukraine. “Given the circumstances on the ground, we have decided to suspend our service in Russia,” the Netflix…

LONDON (Reuters) – JPMorgan, which runs the most widely used emerging market bond indexes, is polling investors over the potential exclusion of Russia’s local and hard currency debt from its benchmarks. In a “Survey Monkey” poll seen by Reuters, the Wall Street bank asks investors to vote on their “expectations” over whether various sovereign and…

(Reuters) – U.S. gasoline prices jumped 11% over the past week to the highest since 2008 as global sanctions cripple Russia’s ability to export crude oil after its invasion of Ukraine, automobile club AAA said on Sunday. AAA said average U.S. regular grade gasoline prices hit $4.009 per gallon on Sunday, up 11% from $3.604…

WASHINGTON (Reuters) -American Express Co said on Sunday it was suspending all operations in Russia and Belarus, joining a growing number of Western corporations to boycott business there over Moscow’s invasion of Ukraine. “In light of Russia’s ongoing, unjustified attack on the people of Ukraine, American Express is suspending all operations in Russia,” the credit…

NEW DELHI (Reuters) -India’s federal police on Sunday arrested the former chief executive of the National Stock Exchange of India in a case related to alleged governance lapses at India’s top bourse, a source with direct knowledge told Reuters. Chitra Ramkrishna was arrested in New Delhi, the source at the Central Bureau of Investigation (CBI)…

By Guy Faulconbridge LONDON (Reuters) -Russia’s sovereign bond payments to non-residents will depend on sanctions imposed by the West, the country’s finance ministry said on Sunday, stoking fears of a technical default on tens of billions of dollars of eurobonds. The ministry said it would service and pay sovereign debts in full and on time…