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…
WASHINGTON (Reuters) -American Express Co said on Sunday it was suspending all operations in Russia and Belarus, joining a growing number of Western corporations to boycott business there over Moscow’s invasion of Ukraine. “In light of Russia’s ongoing, unjustified attack on the people of Ukraine, American Express is suspending all operations in Russia,” the credit…
NEW DELHI (Reuters) -India’s federal police on Sunday arrested the former chief executive of the National Stock Exchange of India in a case related to alleged governance lapses at India’s top bourse, a source with direct knowledge told Reuters. Chitra Ramkrishna was arrested in New Delhi, the source at the Central Bureau of Investigation (CBI)…
By Guy Faulconbridge LONDON (Reuters) -Russia’s sovereign bond payments to non-residents will depend on sanctions imposed by the West, the country’s finance ministry said on Sunday, stoking fears of a technical default on tens of billions of dollars of eurobonds. The ministry said it would service and pay sovereign debts in full and on time…
(Reuters) -Russian bank VTB is preparing to wind down its European operations after being hit hard by Western sanctions, the Financial Times reported on Sunday. VTB has an investment banking operation in London and a retail bank in Germany with 160,000 customers but has decided it is unable to operate outside Russia after its assets…
(Reuters) – Russian bank VTB is preparing to wind down its European operations after being hit hard by Western sanctions, the Financial Times reported on Sunday. VTB has an investment banking operation in London and a retail bank in Germany with 160,000 customers, but has decided it is unable to operate outside Russia after having…
LONDON (Reuters) – Russia’s finance ministry said on Sunday that sovereign bond payments to non-residents would depend on the sanctions imposed by the West. “The actual possibility of making such payments to non-residents will depend on the limiting measures introduced by foreign states in relation to the Russian Federation,” the finance ministry said. (Reporting by…
LONDON (Reuters) – Credit cards issued by Russian banks using the Visa and Mastercard payment systems will stop functioning overseas after March 9, Russia’s central bank said on Sunday, adding that some local lenders would look to use China’s UnionPay system instead. Russian-issued Mastercard and Visa cards would be accepted within Russia until their expiry,…
By Dmitry Zhdannikov LONDON (Reuters) – Oil prices are set to surge further this week due to delays to the conclusion of Iranian nuclear talks and the potential return of Iranian crude to global markets, which are already suffering from Russian supply disruptions, analysts said. Russia has raised fresh demand for written U.S. guarantees that…
