(Reuters) – Global bond funds saw big outflows in the week to March 9 due to a spike in crude oil prices and concerns over soaring inflation levels, amid intensifying conflict between Russia and Ukraine. Investors offloaded global bond funds for the ninth week in a row, amounting $15.75 billion, which was 32% higher than…
By Jason Hovet and Gergely Szakacs PRAGUE (Reuters) – Russia’s invasion of Ukraine is hitting hopes of renewed growth in central Europe’s car industry this year following the pandemic, stoking risks of sharper economic slowdowns. The conflict in Ukraine has worsened supply snags and is also pushing up prices for materials like nickel or palladium,…
By Simon Jessop, Tommy Wilkes and Tim Hepher LONDON/PARIS (Reuters) – Largely ignored by the growing ranks of Europe’s socially minded investors, defence firms see a fresh chance to argue for a place in portfolios after Russia’s invasion of Ukraine. One asset manager announced last week that it would re-allow investment in defence, a sign…
(Reuters) -Russia’s government on Friday proposed a raft of measures, including some for suppliers of state-owned companies and its IT sector, as it seeks to weather the impact of Western sanctions on its economy. Prime Minister Mikhail Mishustin said the government was actively working on a third package of measures to counteract the sanctions, which…
By Anait Miridzhanian and Mimosa Spencer (Reuters) -The world’s biggest eyewear company EssilorLuxottica reported strong sales growth in the fourth quarter, rising further above pre-pandemic levels and boosted by its performance in the United States and its GrandVision acquisition. Shares in EssilorLuxottica, which owns the Oakley and Ray-Ban sunglass brands and makes sunglasses and spectacle…
By Tommy Wilkes LONDON (Reuters) – Stocks extended their gains on Friday after Russian President Vladimir Putin said there had been some progress in Moscow’s talks with Ukraine, although the rally was not enough to stop shares heading for their fifth consecutive weekly loss. Putin did not provide any details and recent talks between the…
By Joice Alves LONDON (Reuters) – The euro rose on Friday after Russian President Vladimir Putin said there had been some progress in Moscow’s talks with Ukraine. Even if Putin provided no details, the euro rose 0.4% to $1.1043 minutes after Putin said in a meeting with his Belarusian counterpart Alexander Lukashenko that talks continued…
By Devik Jain and Sabahatjahan Contractor (Reuters) – U.S. stock index futures jumped on Friday after Russian President Vladimir Putin said there were “certain positive shifts” in talks with Ukraine, lifting mood at the end of a roller-coaster week marked by concerns about geopolitical tensions and surging oil prices. In a meeting with his Belarusian…
(Reuters) – Flexible workspace provider WeWork Inc reported a smaller fourth-quarter loss on Friday, helped by cost cuts and demand for office space from companies switching to a hybrid model of work. The COVID-19 pandemic has pushed companies to offer employees to work from places other than their offices, benefiting workspace providers such as WeWork,…
By Manas Mishra (Reuters) – The Russian invasion of Ukraine has left drugmakers scrambling to find ways for patients enrolled in clinical trials there to receive their medicines as millions seek shelter from bombardment and flee to neighboring countries. Ukraine, as well as Russia, have become important countries for studying new drugs because patients there…
