IBT Staff Reporter

The battered shares of Van Eck's Russia ETF have attracted a surge of trader interest and drawn comparisons to last year's so-called meme stock frenzy, as investors seek ways to capitalize on market gyrations caused by the Ukraine crisis.

Canadian Finance Minister Chrystia Freeland played a key role in getting sanctions on Russia's central bank in place, two sources said, and has been a leading voice against Russian aggression as a vocal member of the country's large Ukrainian community.

Georgia to apply 'immediately' for EU membership

Citigroup Inc could face billions of dollars of losses at its Russian business under the worst case scenario, although it expects its actual losses to be less than that, Chief Financial Officer Mark Mason said on Wednesday.

Citigroup Inc could face billions of dollars of losses at its Russian business and is helping some of its 200 staff in Ukraine leave the country following Russia's invasion, executives said on Wednesday.

The U.S. military said on Wednesday it will postpone a scheduled test launch of a Minuteman III intercontinental ballistic missile, in a bid to lower soaring tensions after Russia announced it was putting its nuclear forces on high alert.

The House of Representatives oversight panel has postponed its hearing on oil companies' climate change disinformation due to the crisis in Ukraine but has asked the board members it had invited to testify to turn in documents by the end of next week, a committee staffer told Reuters on Wednesday.

Sitting on a temporary bed set up along a gloomy underground passageway, expectant mother Alena Shinkar reads a book to try to stay calm.

Ford unveils new structure as it speeds electric car push

Senator Elizabeth Warren and three other Democratic lawmakers on Wednesday urged the Treasury Department to ensure the cryptocurrency industry is complying with sanctions imposed on Russia, expressing concern that digital assets could be used to undermine U.S.

Target oligarchs 'enablers' says anti-corruption campaigner

A Canada and New Zealand joint police operation led to the arrest of 47 Canadians for online child sexual exploitation and the release of 12 children on Wednesday, Canadian federal police said.

Ghosn aide Kelly faces verdict in Nissan trial

Abramovich to sell Chelsea with 'net proceeds' going to Ukraine war victims

UniCredit has paused efforts to buy Banco BPM after losing more than a fifth of its value since Russia invaded Ukraine, two sources close to the matter told Reuters.

Supplies of Russian liquefied natural gas (LNG) to Europe have been disrupted by uncertainty over whether ships can discharge cargoes at European ports due to sanctions imposed on Moscow, according to ship tracking data and trade sources on Wednesday.

Italy's third-largest bank Banco BPM has occupied a special place on the wish list of Andrea Orcel since the veteran dealmaker took the reins at UniCredit last April, several sources have said.

Italy's third-largest bank Banco BPM has occupied a special place on the wish list of Andrea Orcel since the veteran dealmaker took the reins at UniCredit last April, several sources have said.

The United States on Wednesday took aim at Russia's oil refining sector with new export curbs and targeted Belarus with sweeping new export restrictions, as the Biden administration amps up its crackdown on Moscow and Minsk over the invasion of Ukraine.

Regulators are preparing for a possible closure of the European arm of Russia's second-largest bank, VTB Bank, amid growing concerns about the impact of Western sanctions on the bank following the Ukraine invasion, according to two sources familiar with the matter.

Royal Bank of Canada will increase its prime rate to 2.7% from 2.45%, Canada's biggest bank said on Wednesday, after the central bank raised its benchmark rate by 25 basis points.

Royal Bank of Canada, Toronto-Dominion Bank and Bank of Montreal said on Wednesday they will raise their prime lending rates for the first time since October 2018, after the Bank of Canada hiked its benchmark rate by 25 basis points.

The man chosen by Libya's parliament as the new prime minister told Reuters on Wednesday that he expects to take office in Tripoli peacefully despite the incumbent's vow to hold onto power.

Russian forces appear to have become more aggressive in their targeting of infrastructure inside Kyiv, which has seen an increase of missile and artillery strikes, as well as throughout the country, a senior U.S.

Disruptions to Russian oil exports intensified on Wednesday with more countries and companies refusing to import and transport Russian crude and at least 10 tankers failing to find buyers, driving oil and gas prices higher.

Spain shelves probes into ex-king's finances

Ukraine plans to urge about 50 more tech companies, including in gaming, esports and internet infrastructure, to take action against Russia, a top Ukrainian government tech official told Reuters on Wednesday.

Ukraine plans to urge about 50 additional tech companies, including in gaming, esports and internet infrastructure, to take action against Russia following a slew of earlier requests, a top Ukrainian government tech official told Reuters on Wednesday.

Nestle, the world's largest food group, said it has reopened its factories and warehouses in central and western Ukraine in a bid to ensure essential food and drink deliveries in the war-torn country.