Citigroup Expands Russia Withdrawal, Raising Prospect Of Losses
Citigroup Inc on Monday followed rival Wall Street banks by accelerating its withdrawal from Russia, saying it is no longer taking on new clients and will further cut its exposure, raising the prospect it could take substantial losses.
Shaken By Ukraine War, Germany To Buy Dozens Of US Stealth Jets
Shaken by Ukraine war, Germany to buy dozens of US stealth jets
India's Feb Retail Inflation Up 6.07% Y/y, Above RBI Target For 2nd Month
India's annual retail inflation in February for a second consecutive month exceeded 6%, above the central bank's tolerance limit, while economists said policy rates were unlikely to rise soon given worries over economic recovery.
Palladium Dives About 17% As Russia Supply Fears Recede
Palladium slumped nearly 17% in a sharp correction after rallying to an all-time high on the Ukraine crisis, as worries eased that supplies of the autocatalyst metal from top producer Russia may be hit.
Final Talks On U.N. Biodiversity Pact Open In Shadow Of Ukraine
Hundreds of negotiators arrived in the Swiss city of Geneva on Monday for final U.N.
Germany Charges Wirecard's Ex-CEO Braun Over Fraud
Germany charges Wirecard's ex-CEO Braun over fraud
Analysis-Ukraine Invasion Splits Orthodox Church, Isolates Russian Patriarch
Russian Patriarch Kirill's full-throated blessing for Moscow's invasion of Ukraine has splintered the worldwide Orthodox Church and unleashed an internal rebellion that experts say is unprecedented.
Ukraine Invasion Splits Orthodox Church, Isolates Russian Patriarch
Russian Patriarch Kirill's full-throated blessing for Moscow's invasion of Ukraine has splintered the worldwide Orthodox Church and unleashed an internal rebellion that experts say is unprecedented.
Kering Boosts Eyewear Division With Maui Jim Label
Gucci owner Kering is bolstering its high-end eyewear division with a deal to buy U.S.-based label Maui Jim, the French luxury group said Monday.
Sri Lanka Finance Minister Meets Top IMF Official Amid Economic Crisis
Sri Lanka's finance minister held talks with a top International Monetary Fund (IMF) official on Monday, two sources said, as the island nation seeks help to deal with its plunging reserves, a sliding currency and surging inflation.
Inflation-wary Bond Markets Focused On Fed's Tricky Balancing Act
With the Federal Reserve almost certain to hike interest rates this week for the first time in more than three years, investors will be focused on how it plans to curb a surge in inflation inflamed by the Ukraine crisis without triggering a recession.
Shareholders At Four U.S. Oil Companies To Vote On Climate Proposals
Shareholders at four U.S. oil companies will vote in the coming quarter on proposals for the firms to meet emissions targets set out in Paris in 2015, said climate activist group Follow This.
India's Top Refiner IOC Buys 3 Million Bbls Russian Urals Crude Via Tender: Sources
Indian Oil Corp, the country's top refiner, bought 3 million barrels of Russian Urals from trader Vitol for May delivery, trade sources said, its first purchase of the grade since Russia invaded Ukraine on Feb.
Toronto Index Dips As Commodity-linked Shares Fall
Canada's commodity-heavy main stock index fell on Monday, extending prior session's losses, weighed down by weakness in energy and mining shares as commodities slumped on hopes for progress in Ukraine-Russia peace talks.
Wall Street Rises With Focus On Russia-Ukraine Talks, Fed
Gains in financial and healthcare shares bolstered the three main U.S.
S&P 500, Dow Rise With Focus On Russia-Ukraine Peace Talks, Fed
Gains in financial and healthcare shares bolstered the Dow and the S&P 500 index on Monday, as investors pinned their hopes on Russia-Ukraine peace talks, while shifting their focus to the upcoming Federal Reserve policy meeting.
AT&T, One America News To Keep Ad Deal Even After DirecTV Drops Network
AT&T's financial relationship with One America News is deeper than previously known and will continue even after DirecTV drops the far-right network from its satellite service next month, a new court filing shows.
EU Agrees To Freeze Roman Abramovich's Assets - Diplomats
Top European Union diplomats have agreed to add Chelsea football club owner Roman Abramovich to the EU list of Russian billionaires sanctioned after Moscow's invasion of Ukraine, two diplomatic sources said on Monday.
Russian Attacks In Western Ukraine Prompt More People To Flee
People fleeing what until recently had been the relative safety of western Ukraine joined thousands crossing into eastern Europe on Monday after Russia stepped up attacks, prompting fears of an even larger exodus.
Refugee Exodus Reaches 2.8 Million As Russian Strikes Hit West Ukraine
People fleeing what had been the relative safety of western Ukraine joined thousands crossing into eastern Europe on Monday after Russia attacked a Ukrainian base near the border with NATO-member Poland.
Refugee Exodus Reaches 2.8 Million As Russia Strikes Hit West Ukraine
People fleeing what had been the relative safety of western Ukraine joined thousands crossing into eastern Europe on Monday after Russia attacked a Ukrainian base near the border with NATO-member Poland.
U.S. Step To Delist Chinese ADRs Worsens Investment, Listing Outlook
The U.S. securities regulator's move to identify Chinese firms likely to be delisted from New York for not meeting auditing requirements is pushing more fund managers to exit their holdings and dimming the prospect for new listings in the near term.
European Financial Institutions Turn Their Back On Russia
Deutsche Bank reversed course and said it would pull out of Russia completely while the London Stock Exchange suspended all its services in the country as Western governments impose sanctions over the invasion of Ukraine.
Swiss Re, Other European Financial Institutions Turn Away From Russia
Swiss Re said on Monday it was not taking on new business with Russian and Belarusian clients and was not renewing existing business with Russian clients, as European financial institutions turn their backs on Russia.
Allianz, Swiss Re Join Other Financial Firms In Turning From Russia
Allianz and Swiss Re said on Monday they were cutting back on Russian business as European financial institutions turn their backs on Russia.
Jet Linked To Russia's Abramovich Leaves Israel For Istanbul
A jet suspected to be used by sanctioned oligarch Roman Abramovich left Israel on Monday, as international moves to freeze assets of top Russian businessmen following Russia's invasion of Ukraine gathered pace.
Russian Oligarch Abramovich Spotted In Israeli Airport
Sanctioned Russian oligarch Roman Abramovich was seen in Tel Aviv's Ben Gurion airport on Monday shortly before a jet linked to him took off for Istanbul, where his yacht was spotted sailing, data showed.
Abramovich Jet Lands In Turkey After Russian Oligarch Seen In Israel
A jet linked to sanctioned Russian oligarch Roman Abramovich arrived in Istanbul from Israel on Monday, shortly after he was seen in Tel Aviv's Ben Gurion airport.
Wall Street Banks' Staff Churn To Double This Year After Bonus Payouts - Experts
Staff turnover on Wall Street is set to surge in coming weeks as investment bankers who held off job-hunting during the pandemic cash in their record bonus checks and leave for new opportunities in the red-hot labor market, said recruiters.
New Wave Of Inflation - And Disruptions - Hits U.S. Factory Floors
Surging inflation is disrupting everything from carpools to the ability to quote prices on new business at already-strained U.S. factories.