Wall Street was set to open lower on Tuesday with bank stocks declining further as the Russia-Ukraine crisis deepened, while a surge in oil prices boosted shares of energy companies.
Wall Street's main indexes slumped on Tuesday with financial stocks bearing the brunt for a second straight day as the Russia-Ukraine crisis deepened, while a surge in oil prices boosted shares of energy companies.
Wall Street's main indexes slipped on Tuesday with financial stocks bearing the brunt for a second straight day as the Russia-Ukraine crisis deepened, while a surge in oil prices boosted shares of energy companies.
The Federal Reserve's plan to end the loose money policies used to fight the coronavirus pandemic is facing an unexpectedly early test as the Russian invasion of Ukraine poses new economic and financial risks already being felt in global markets.
U.S. oil and gas producer Chevron Corp on Tuesday outlined a plan to raise buybacks and expand oil production through 2026, adding to long-term supply amid a tight market.
Telecom Italia (TIM) will this week set out its alternative to a 10.8 billion euro ($12 billion) takeover by U.S.
SWIFT said on Tuesday it was waiting to see which banks authorities want disconnected from its global financial messaging system as sanctions in response to Russia's invasion of Ukraine are rolled out.
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Chinese traders are scaling back imports of Russian coal as they struggle to secure financing from state banks worried about potential sanctions after Russia invaded Ukraine, in early signs of supply disruption from the world's third-largest coal seller.
Alphabet Inc's Google and Facebook owner Meta Platforms Inc are among internet companies facing possible punitive measures in Russia after failing to open local offices and take other measures required by a communications law.
Asset managers including France's Amundi and BNP Paribas, Britain's HSBC and Switzerland's Pictet have frozen Russia-focused equity funds totalling over $3 billion in assets, as markets seize up following sanctions on Russia.
China's purchases of Iranian oil have risen to record levels in recent months, exceeding a 2017 peak when the trade was not subject to U.S. sanctions, tanker tracking data showed.
Stellantis said on Tuesday that it aims to double its revenue to 300 billion euros ($335 billion) by 2030 and maintain high profit margins as it pushes to roll out electric versions of its cars, profitable Jeep SUVs and RAM pickup trucks.
Stellantis aims to double revenue to 300 billion euros ($335 billion) a year by 2030 and keep profit margins high, as it steps up efforts to roll out electric versions of its cars, profitable Jeep SUVs and RAM pickup trucks.
The head of Stellantis said on Tuesday the company had set up a task force to conform with any sanctions and monitor its staff in Ukraine, hours before the world's No.4 carmaker presents its strategic plan for the next few years.
Russia said on Tuesday it was placing temporary restrictions on foreigners seeking to exit Russia assets, as it tried to stem an investor retreat driven by crippling Western sanctions imposed over the invasion of Ukraine.
Major investors, including hedge fund Man Group and British asset manager abrdn, said on Tuesday they were cutting their positions in Russia in the wake of the country's invasion of Ukraine.
Major investors, including hedge fund Man Group and British asset manager abrdn, said on Tuesday they were cutting their positions in Russia in the wake of the country's invasion of Ukraine.
Palm oil has become the costliest among the four major edible oils for the first time as buyers rush to secure replacements for sunflower oil shipments from the top exporting Black Sea region that were disrupted by Russia's invasion of Ukraine.
Bitcoin has leapt since Russia's invasion of Ukraine, bolstered by people in those countries looking to store and move money in anonymous and decentralised crypto.
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Global supply chains, already hit hard by the pandemic, are facing further disruption and cost inflation as airspace closures after Russia's invasion of Ukraine affect the air freight industry.
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.
The European Union is speaking to U.S. counterparts about extending a ban on Russian flights, it said on Tuesday, as it gave more details of the EU's closure of airspace to Russian aircraft imposed after Moscow's invasion of Ukraine.
Global supply chains, already hit hard by the pandemic, face new disruption and cost pressure as airspace bans following Russia's invasion of Ukraine raise concerns over a fifth of air freight.
The United States is set to ban Russian flights using American airspace following similar action by the European Union and Canada, government and industry officials told Reuters, a move likely to trigger Russian retaliation.
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