KALUGA, Russia (Reuters) – Thousands of auto workers have been furloughed and food prices are soaring as Western sanctions pummel the small Russian city of Kaluga and its flagship foreign carmakers, with more sanctions likely to come. The Kaluga region, 190 kilometres (120 miles) southwest of Moscow, says it has attracted more than 1.3 trillion…
By Elizabeth Howcroft (Reuters) – The NFT bubble isn’t popping, but it may have sprung a leak. A year on from when a single non-fungible token sold for $69.3 million in crypto at Christie’s auction house, with the buyer paying to be recorded on blockchain as the owner of a digital file that anyone can…
By Kevin Buckland TOKYO (Reuters) – The Australian dollar jumped to a nine-month high on Tuesday after the country’s central bank signalled higher interest rates were closer, while the euro languished near a one-week low amid talk of more sanctions against Russia. The Aussie was up 0.81% at $0.7603, its strongest since late June, after…
By Liz Hampton and Isabel Kua SINGAPORE (Reuters) – Oil futures extended gains on Tuesday as the United States and Europe planned new sanctions to punish Moscow over alleged war crimes by Russian troops in Ukraine, adding to concerns about supply disruptions, while Iran nuclear talks stalled. Brent crude futures rose $1.20, or 1.1%, to…
By Nivedita Balu (Reuters) – Tesla Inc boss Elon Musk on Monday disclosed a 9.2% stake in Twitter Inc, worth nearly $3 billion, making him the micro-blogging site’s largest shareholder and triggering a rise of more than 27% in the company’s shares. Musk’s move, revealed in a regulatory filing, comes on the heels of his…
TOKYO (Reuters) – Nissan Motor Co is pushing back the release date of the electric Ariya B6 SUV again due to a global shortage of semiconductors and other supply chain disruptions, the Japanese automaker said in a statement late on Monday. The Ariya, Nissan’s second EV-only model after the Leaf hatchback, will now go on…
By Anshuman Daga SINGAPORE (Reuters) – Asian stocks ticked up to their highest in more than a month supported by broad gains on Wall Street on Tuesday, while the euro was stuck near a one-week low against the dollar amid talk of more sanctions against Moscow. The United States and Europe were planning new sanctions…
By Megan Davies and Alexandra Alper NEW YORK/WASHINGTON (Reuters) – Russia’s latest sovereign bond coupon payments have been stopped, a source familiar with the matter and a spokeswoman for the U.S. Treasury said, putting it closer to a historic default. The latest sovereign bond coupon payments have not received authorization by the U.S. Treasury to…
By Leika Kihara TOKYO (Reuters) -Bank of Japan Governor (BOJ) Haruhiko Kuroda said on Tuesday the yen’s recent moves were “somewhat rapid,” joining a chorus of policymakers who have warned that sharp falls in the currency could hurt the country’s import-reliant economy. But Kuroda also repeated his view that a weak yen benefits Japan’s economy…
By Daniel Leussink TOKYO (Reuters) -Japan’s household spending rose for a second consecutive month year-on-year in February, helped by a flattering comparison with last year’s sharp pandemic-induced slump but the consumer sector is now facing growing headwinds from soaring prices. Households cut spending from the previous month as pandemic curbs, rapid food and fuel price…
