AMSTERDAM (Reuters) – Dutch bank ING provided an update on Friday on its exposure in Russia and Ukraine, saying that about 700 million euros ($771 million) in outstanding loans were “affected” by “new sanctions on (Russian) specific entities and individuals” by Europe and the United States. In a statement composed of bullet points and pictures,…
By Davide Barbuscia NEW YORK (Reuters) – U.S. investors may be in a rush to dump Russian assets after Western allies hit Moscow with sanctions, but a few fund managers with a relatively small exposure to Russia are avoiding kneejerk decisions amid trading constraints and price dives. International sanctions have increasingly punished Moscow after the…
TOKYO (Reuters) – Japan’s next central bank governor should be someone who understands the need to work with the government in beating deflation, Prime Minister Fumio Kishida said on Friday. Markets are looking ahead to a change of leadership due next year at the Bank of Japan (BOJ), eyeing possible changes to its massive asset-buying…
By Anshuman Daga SINGAPORE (Reuters) – Asian equities and the euro weakened on Friday while oil prices jumped as investors took fright from reports of a nuclear power plant on fire amid fierce fighting between Ukraine and Russian troops. The risk-off appetite battered markets across the region, sending Wall Street futures also lower, suggesting more…
By Eduardo Baptista and Clare Jim BEIJING / HONG KONG (Reuters) – China’s so-called “common prosperity” push in the near-term will not only aim to bridge the widening wealth gap but is also set to shape the country’s regulatory approach, with sectors seen crucial for the economy getting more state support. As part of that…
(Reuters) – Home rental company Airbnb Inc is suspending all operations in Russia and Belarus, Chief Executive Officer Brian Chesky said in a tweet on Thursday. (Reporting by Bhargav Acharya in Bengaluru; Editing by Christopher Cushing)
By Anshuman Daga SINGAPORE (Reuters) – Asian equity markets and the euro suffered heavy losses on Friday while oil prices jumped as investors took fright from reports of a nuclear power plant on fire amid fierce fighting between Ukraine and Russian troops. The risk-off appetite battered markets across the region, sending U.S. stock futures also…
WASHINGTON (Reuters) – Detroit’s Big Three automakers said on Thursday they will allow autoworkers to stop wearing masks at workplaces where U.S. health officials have said it is safe to do so. General Motors Co Ford Motor Co, Chrysler-parent Stellantis NV and the United Auto Workers union said in a joint statement they would adopt…
By Florence Tan SINGAPORE (Reuters) – Oil prices rebounded on Friday as the disruption of Russian oil exports because of western sanctions outweighed the prospect of more Iranian supplies from a possible nuclear deal. Brent crude futures for May rose to as much as $114.23 a barrel and were at $113.72, up $3.26, or 3%…
WASHINGTON (Reuters) – A World Bank emergency cash disbursement to Ukraine will grow to 460 million euros ($509 million) with contributions from Sweden and the Netherlands, and will be submitted for board approval on Friday, two people familiar with the transaction said. Ukraine’s government could receive the funds almost immediately after the board approves the…
