By Tom Westbrook SINGAPORE (Reuters) – The euro tumbled to a fresh 22-month low on the dollar while commodity currencies were swept to multi-month peaks as war in Ukraine sent oil prices spiking and stoked fears of a stagflationary shock that could hammer Europe. The euro fell as much as 1% to $1.0822 in Asia…
(Reuters) – Twenty-four Amazon investors are urging the tech giant to step up transparency in tax disclosures and adopt a new reporting standard, the Financial Times said on Sunday. Asset managers Nordea, Royal London and several large European and U.S. pension funds are among those pushing for Amazon to issue a transparency report in line…
BEIJING (Reuters) – China’s economy remains resilient despite rising uncertainties caused by the Ukraine crisis, the country’s state planner said on Monday. China will enhance policy coordination and speed up the roll-out of policies favourable for growth, Lian Weiliang, a vice head at the National Development and Reform Commission, told a news conference. Beijing has…
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…
