Activist Investor Carl Icahn Exits Occidental Petroleum After Nearly Three Years -WSJ

Activist Investor Carl Icahn Exits Occidental Petroleum After Nearly Three Years -WSJ

(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…

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Netflix Suspends Service In Russia

Netflix Suspends Service In Russia

(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…

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JPMorgan Polls Investors Over Potential Exclusion Of Russian Debt From Indexes

JPMorgan Polls Investors Over Potential Exclusion Of Russian Debt From Indexes

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…

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Denmark to hold referendum on joining EU’s common defense

HELSINKI (AP) — Denmark will hold a referendum in June, spooked by Russia’s invasion of Ukraine, on whether to join the European Union’s defense pact and scrap the Nordic country’s 30-year-old opt-out from the bloc’s common security and defense policies. Danish Prime Prime Minister Mette Frederiksen said late Sunday that “historical times call for historical…

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American Express Suspends Operations In Russia And Belarus

American Express Suspends Operations In Russia And Belarus

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…

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