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Ukrainian refugees hope for peace, but more expected to flee
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Nickel slides as LME glitches fuel more market mayhem
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UK’s P&O Ferries sacks 800 staff, threatening union standoff
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Euro edges up, focus on Ukraine talks
Oil surges amid warnings of supply shortages
Date: March 17, 2022
By Ahmad Ghaddar LONDON -Oil prices climbed 6% on Thursday after the International Energy Agency (IEA) said three million barrels a day (bpd) of Russian oil and products could be shut in from next month and despite the U.S. Federal Reserve’s decision to raise interest rates. The supply loss would be far greater than an...
Superyacht maker Ferretti presses ahead with $1 billion HK listing despite choppy markets -sources
Date: March 17, 2022
By Scott Murdoch and Valentina Za SYDNEY/MILAN (Reuters) – Italian luxury yacht maker Ferretti is expected to kick off on Monday the process to list its shares in Hong Kong, aiming for a valuation of around $1 billion as it sells a 25% stake, two sources close to the matter said. Ferretti, controlled by Chinese...
Top auction houses cancel Russian art sales in London
Date: March 17, 2022
By Elizabeth Howcroft LONDON (Reuters) -Auction houses Christie’s, Sotheby’s and Bonhams have cancelled sales of Russian art in London in June, part of the art market’s response to Western sanctions on Russia as punishment for its invasion of Ukraine. The auction houses hold sales of Russian art in June and November in a period known...
Online grocer Ocado Retail lowers outlook as UK market softens
Date: March 17, 2022
By James Davey LONDON (Reuters) -British online supermarket Ocado Retail lowered its outlook for full-year sales on Thursday as it reported a fall in revenue in its latest quarter partly because of a softening in the overall grocery market. The business, a 50:50 joint venture between Ocado Group and Marks & Spencer, said it now...
Microsoft faces EU antitrust complaint about its cloud computing business
Date: March 17, 2022
PARIS (Reuters) – U.S. tech giant Microsoft is facing an antitrust complaint filed by three European rivals in the booming cloud computing business, one the plaintiffs said on Thursday. The complaint, filed with the European Union’s competition watchdog months ago, alleges that Microsoft’s contractual and business practices make it costly and difficult for users of...
Russia bogged down, blasting Ukrainian cities as war enters fourth week
Date: March 17, 2022
By James Mackenzie, Natalia Zinets and Oleksandr Kozhukhar KYIV/LVIV, Ukraine (Reuters) – Russian forces in Ukraine are blasting cities and killing civilians but no longer making progress on the ground, Western countries said on Thursday, as a war Moscow was thought to have hoped to win within days entered its fourth week. Local officials said...