European Corporates Return To Debt Market After Ukraine Shock

European Corporates Return To Debt Market After Ukraine Shock

(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…

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Russia’s invasion of Ukraine leaves global trade in tatters

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…

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Tesla Germany Plant Receives Conditional License To Start Production

Tesla Germany Plant Receives Conditional License To Start Production

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…

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Instant View: US Feb Payrolls Blowout Suggests Max Employment, Yet Tame Wages

Instant View: US Feb Payrolls Blowout Suggests Max Employment, Yet Tame Wages

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…

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BlackRock Says NYSE Suspends Trading In Asset Manager's Russia-exposed ETF

BlackRock Says NYSE Suspends Trading In Asset Manager’s Russia-exposed ETF

(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…

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Is it Time to Buy Salesforce.com?

The pandemic accelerated the corporate world’s digital transformation. Enterprise cloud computing solution provider Salesforce.com (CRM) benefitted from the adoption. However, shares of CRM have fallen 30% from early November peaks. Valuation was a concern as investors headed for the hills in a rising rate environment. CRM saw additional headwinds around fears that orders were being…

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