By Elizabeth Howcroft LONDON (Reuters) – Stocks came under renewed pressure and oil spiked further on Wednesday, as Russia showed no signs of stopping its assault on Ukraine. A week after Russian President Vladimir Putin ordered a full-scale invasion of its neighbour, the bombardments of Ukrainian cities continued while Western nations tightened sanctions on Moscow….
FRANKFURT (Reuters) – European banks opened lower on Wednesday after two days of steep losses as the crisis in Ukraine drags on, and after the European arm of Russia’s Sberbank was forced to close. An index of leading European bank stocks fell 2.2% early on Wednesday, after dropping 5.6% on Tuesday and 4.5% on Monday…
By Simon Jessop LONDON (Reuters) – The corporate world remains far from being aligned with global climate goals, and in some countries has gone backwards since a landmark agreement to cap global warming was signed in 2015, data shows. Limiting the world’s temperature rise to 1.5 degrees Celsius above the pre-industrial average by mid-century was…
MOSCOW (Reuters) -Russia’s largest lender, Sberbank, is leaving the European market as its subsidiaries there face large cash outflows and threats to the safety of employees and property, the bank said on Wednesday. The bank, set to unveil 2021 financial results later, said it was no longer able to supply liquidity to European subsidiaries, following…
(Reuters) – Russia’s oil and gas condensate output rose in February to 11.06 million barrels per day (bpd), according to Reuters calculations based on an Interfax report on Wednesday, while trading has been stalled due to sanctions over Ukraine. The production rose from 11 million bpd in January, while in tonnes, Russia’s total oil and…
MOSCOW (Reuters) – Russia’s central bank kept stock market trading on the Moscow Exchange suspended for a third day in a row on Wednesday, but said it would allow a limited range of operations for the first time this week. (Reporting by Moscow bureau; Editing by Jacqueline Wong)
By Hyunjoo Jin SAN FRANCISCO (Reuters) -U.S. electric vehicle startup Rivian Automotive Inc said on Tuesday it has increased selling prices of its vehicles by about 20% due to inflationary pressures and higher component costs, angering some customers. The price increase also invited caustic comments from Elon Musk, chief executive of rival Tesla Inc, who…
BEIJING (Reuters) – China’s Haidilao, which operates a chain of hotpot restaurants, said its billionaire founder Zhang Yong has stepped down as CEO and will shift his focus to long-term strategy planning. The move, which comes amid efforts by Haidilao to slash store numbers, has seen Yang Lijuan, 43, formerly deputy CEO and chief operating…
By Hyunjoo Jin SAN FRANCISCO (Reuters) -U.S. electric vehicle startup Rivian Automotive Inc said on Tuesday it has increased selling prices of its vehicles by about 20% due to inflationary pressures and higher component costs, angering some customers. Rivian, in which Amazon.com Inc holds a 20% stake, said the starting price of its R1T electric…
By David Shepardson, Jamie Freed and Foo Yun Chee (Reuters) -The United States will follow the European Union and Canada in banning Russian flights from its airspace, President Joe Biden said on Tuesday evening, in a move likely to trigger Russian retaliation. United Airlines and United Parcel Service (UPS) said on Tuesday they had suspended…
