By Dhara Ranasinghe, Yoruk Bahceli and Gertrude Chavez-Dreyfuss LONDON/NEW YORK (Reuters) -Financial indicators signalled increasing signs of stresses spreading through global markets on Friday as concerns grow over the wider economic fallout of Russia’s invasion of Ukraine. With stock market prices and bond yields falling, gauges regarded as stress indicators are attracting investor attention. The…
ROME (Reuters) – Italian banks were instructed by the Bank of Italy’s financial intelligence division on Friday to urgently let it know of all measures taken to freeze the assets of people and entities targeted by sanctions against Russia. Western allies have moved to isolate Russia’s economy and financial system since its invasion of Ukraine,…
By Lewis Krauskopf NEW YORK (Reuters) – Geopolitical worries are clouding the outlook for U.S. stocks, even as Russia’s invasion of Ukraine moderates expectations for how aggressively the Federal Reserve will tighten monetary policy in coming months. Concerns over the conflict weighed on the S&P 500 on Friday, as the index pared a rally that…
By Devik Jain and Noel Randewich (Reuters) – Wall Street ended lower on Friday as the war in Ukraine overshadowed an acceleration in U.S. jobs growth last month that pointed to strength in the economy. Most of the 11 major S&P sector indexes declined, with financials leading the way with a 2% drop as investors…
SEOUL (Reuters) – Samsung Electronics said on Saturday shipments to Russia have been suspended “due to current geopolitical developments.” “We continue to actively monitor this complex situation to determine our next steps,” the company said in a statement. Samsung Electronics is No. 1 in handsets in Russia with 30% market share as of the fourth…
(Reuters) -Exchange operator Cboe Global Markets on Friday declared a regulatory halt in trading on the VanEck Russia ETF, which has tumbled since Russia’s invasion of Ukraine last week. Cboe also said it was halting trading of the much smaller VanEch Russia Small-Cap ETF. “Cboe BZX Exchange has declared a Regulatory Halt in RSX and…
By Mimosa Spencer PARIS (Reuters) – The world’s leading luxury brands said on Friday that they planned to temporarily close stores and pause business operations in Russia. Birkin bag maker Hermes and Cartier owner Richemont were the first firms to announce such moves, followed by LVMH, Kering and Chanel. Doing business in Russia has become…
WASHINGTON (Reuters) – Smartphone maker Apple has written to lawmakers to dispute assertions that its concerns about the dangers of sideloading apps into phones were overblown. Sideloading, the practice of downloading apps without using an app store, is among the reforms that lawmakers hope will open up the market for apps. Congress is currently considering…
MEXICO CITY (Reuters) – Mexico’s year-on-year inflation likely accelerated in February after cooling slightly over the previous two months, a Reuters poll showed Friday, reinforcing expectations that the central bank will continue to raise its key interest rate. The consensus forecast of 11 analysts surveyed was for inflation to grow to 7.23% from 7.07% in…
By Jonnelle Marte (Reuters) – In the two years since the COVID-19 pandemic upended the U.S. economy, the labor market has rebounded far faster than most had predicted after roughly 22 million jobs were wiped out in the space of two months in the spring of 2020. As remarkable as the rebound has proven to…
