By Humeyra Pamuk and Jarrett Renshaw WASHINGTON (Reuters) -The United States and European allies are exploring banning imports of Russian oil, U.S. Secretary of State Antony Blinken said on Sunday, and the White House coordinated with key Congressional committees moving forward with their own ban. Europe relies on Russia for crude oil and natural gas…
(Reuters) -Ryan Cohen, co-founder of online pet products retailer Chewy Inc, has a large stake in Bed Bath & Beyond Inc and is pushing the housewares retailer to streamline strategy and explore strategic alternatives, the Wall Street Journal reported https://www.wsj.com/articles/gamestop-chairman-ryan-cohen-takes-large-stake-in-bed-bath-beyond-pushes-for-changes-11646611200?mod=latest_headlines on Sunday. Cohen, who also serves as chairman of videogame retailer GameStop Corp, owns 9.8%…
By Scott DiSavino NEW YORK (Reuters) -Oil prices soared to their highest since 2008 due to delays in the potential return of Iranian crude to global markets and as the United States and European allies consider banning imports of Russian oil. Talks to revive Iran’s 2015 nuclear deal with world powers were mired in uncertainty…
By Akriti Sharma (Reuters) – Netflix, a global streaming entertainment service, top accounting firms KPMG and PwC and financial services firm American Express on Sunday cut ties with Russia as that country’s conflict with Ukraine escalated. The latest fighting blocked efforts to evacuate 200,000 people from the besieged Ukrainian city of Mariupol for a second…
(Reuters) – Corporate actions to censure Russia after its invasion of Ukraine vary widely and include some measures required by law and some voluntary, with comments ranging from harsh condemnations to more measured promises to review business in the country. Here are some actions by large multi-national companies: LEAVING RUSSIA Two of the Big Four…
(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…
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…
