By Eric Onstad LONDON (Reuters) – Despite the turbulent, stop-start trading of nickel on the London Metal Exchange, frustrated investors who may want to shift their business elsewhere have found there are no quick and easy alternatives. The 145-year-old institution suspended activity and cancelled trades last week due to volatility that saw prices double to…
NEW YORK (AP) — PayPal said Thursday that its users will now be able to send money to Ukrainians, both in the war-ravaged country as well as those now refugees across Europe. Previously, people in Ukraine were only able to use the payments platform to send money out of the country. They will now be…
By Hilary Russ NEW YORK (Reuters) – Burger King’s parent company said on Thursday it has not been able to close its 800 restaurants in Russia because its independent operator there “refused” to do so. Restaurant Brands International Inc said that to enforce its contracts with the franchisee, Alexander Kolobov, it would need the help…
By Karin Strohecker, Sujata Rao and Marc Jones LONDON (Reuters) -Some creditors have received payment, in dollars, of Russian bond coupons which fell due this week, two market sources said on Thursday, meaning Russia may for now have averted what would have been its first external bond default in a century. The Russian finance ministry…
By Tina Bellon AUSTIN, Texas (Reuters) – Electric carmaker Lucid is looking into raising prices for future models amid “huge inflationary pressures,” but is committed to honoring prices for existing reservation holders, its chief executive on Thursday. “There’s an inevitability that we will have to look at the price points of models that are coming…
By Sruthi Shankar and Shreyashi Sanyal (Reuters) -European stocks gained in choppy trading on Thursday, a day after the Federal Reserve’s widely anticipated U.S. interest rate hike, as investors eyed Russia-Ukraine peace talks. The pan-European STOXX 600 index rose 0.5%, paring March losses spurred by the Ukraine conflict. Investors took in stride the long-expected start…
LONDON (AP) — Russia’s Finance Ministry said it transferred a $117 million bond interest payment in an attempt to avoid a default on government debt but left it open if the money actually reached foreign investors by the deadline. A ministry statement carried on Russian state media Thursday said the money had been transferred to…
By Arathy Somasekhar HOUSTON -Oil prices climbed about 7% on Thursday, continuing a series of wild daily swings, as the market rebounded from several days of losses on renewed focus on supply shortages in coming weeks due to sanctions on Russia. Oil benchmarks in recent weeks have experienced their most volatile period since mid-2020. After…
SACRAMENTO, Calif. (AP) — A long-delayed plan to build a giant reservoir in Northern California to help withstand the U.S. West’s notorious droughts got a huge financial boost on Thursday when the federal government signaled its intent to loan the project nearly $2.2 billion — about half of the cost to design, plan and build…
(Reuters) – Russia’s second-largest state lender VTB, which has been targeted by Western sanctions, said on Thursday it would hand over servicing of foreign securities to other Russian financial companies, the TASS state news agency reported. “This step would allow us to protect assets of private investors and secure their ability to buy and sell…
