(This March 11 story corrects to say “at least six independent stores” instead of “many” stores; adds details on Nike’s March 3 statement about suspension of operations in Russia) By Richa Naidu LONDON (Reuters) – At least six independent Nike stores in Russia were open on Friday afternoon, according to checks made by Reuters, more…
(Reuters) – Billionaire investor Steve Cohen’s Point72 Asset Management is pulling out the $750 million it invested in Melvin Capital Management, Bloomberg News reported https://bloom.bg/3whzrgL on Saturday. Point72 will soon start redeeming the money in portions over time, the report said, citing people familiar with the matter. Both Melvin Capital, founded by Gabe Plotkin, and…
(Reuters) – Russia’s central bank on Saturday said it has decided not to reopen stock market trading on the Moscow Exchange from March 14-18, with the exception of some non-open-market transactions an transactions using the SPFI payment system. It said the foreign exchange market, money market and repo market would open at 0700 GMT on…
(Reuters) – Russia’s trade and finance ministries will widen the criteria for systematically important firms to include companies from the electronics sector, the TASS news agency quoted Deputy Prime Minister Dmitry Chernyshenko as saying on Saturday. Russia’s government on Friday proposed a raft of support measures, including some for suppliers to state-owned companies and the…
BANGKOK (AP) — Thousands of Russian tourists are stranded in Thailand’s beach resorts because of the war in Ukraine, many unable to pay their bills or return home because of sanctions and canceled flights. The crisis in Europe also put a crimp in recovery plans for the Southeast Asian nation’s tourism industry, which has hosted…
LVIV, Ukraine (Reuters) – The Ukrainian president’s economic adviser on Saturday played down the risks of the hryvnia devaluating further, despite the Russian invasion of the country which began on Feb. 24. Oleg Ustenko told local media that Ukraine’s budget was fully funded and that the country’s foreign exchange reserves of $27.5 billion would be…
(Reuters) – Russian natural gas company Gazprom said on Saturday it was continuing gas shipments via Ukraine at an unchanged volume of 109.5 million cubic metres a day. (Reporting by Reuters; Editing by Alexander Smith)
By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lanka’s Central Bank tightened trade restrictions on Saturday, ordering exporters to repatriate foreign exchange earnings within 180 days of transactions in a bid to improve country’s depleting foreign exchange reserves. Sri Lanka is tackling its worst financial crisis in over a decade, struggling to pay for critical imports…
(Reuters) – Some U.S. hedge-fund firms that have investments from Russian oligarch Roman Abramovich have been told to freeze his assets after Britain imposed sanctions on him, the Wall Street Journal reported on Friday. Britain froze assets and imposed a travel ban on the Russian owner of Chelsea soccer club on Thursday along with six…
By Richa Naidu LONDON (Reuters) -Many Nike stores throughout Russia were open on Friday afternoon, according to checks made by Reuters, more than a week after the world’s biggest sports retailer said it was temporarily closing down all its shops in the country. Beaverton, Oregon-based Nike said the stores that were open are owned and…
