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Exclusive-ECB tells banks to watch all Russian clients in widening of sanctions net -sources
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Ukraine President Zelenskiy to seek more help in speech to U.S. Congress
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IEA says 3 million bpd of Russian oil, products could be shut in next month
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UK’s Johnson in Gulf to ask Saudi and UAE to pump more oil
NATO vows more help for Ukraine, begins planning to adapt to ‘new reality’
Date: March 16, 2022
By Robin Emmott and Ingrid Melander BRUSSELS (Reuters) -The United States and other NATO members said on Wednesday they would keep helping Ukraine fight off Russia’s invasion, while also adapting the alliance’s own security to the “new reality” triggered by the war. Diplomats and military analysts estimate that NATO allies have sent more than 20,000...
World stocks recover on Ukraine talks, Fed hopes buoy U.S. yields
Date: March 16, 2022
By Carolyn Cohn and Andrew Galbraith LONDON/SHANGHAI (Reuters) – World stocks recovered ground on Wednesday as markets watched for signs of light in the Ukraine conflict, while Treasury yields hit their highest since mid-2019 in anticipation of the first U.S. interest rate hike in three years. Chinese stimulus hopes also boosted stocks. Ukrainian President Volodymyr...
Biden plans Europe trip for Ukraine summit next week as refugees top 3 million
Date: March 15, 2022
By Pavel Polityuk, Natalia Zinets and Omer Berberoglu LVIV, Ukraine/KYIV (Reuters) – U.S. President Joe Biden will travel to Europe for an extraordinary NATO summit on Ukraine next week as the refugee tally from the invasion hit 3 million and Russian air strikes on Tuesday hit targets in Kyiv. Moscow has not captured any of...
Wall Street stocks rally, oil prices fall ahead of Fed meeting
Date: March 15, 2022
By Chibuike Oguh New York (Reuters) -The three main Wall Street stock indexes rallied on Tuesday, a day before an expected interest rate hike by the U.S. Federal Reserve, while oil prices dropped 7% on hopes of an end to the conflict in Ukraine. Investors are expecting the U.S. central bank to raise interest rates...
History of sovereign debt defaults
Date: March 15, 2022
(Reuters) – Russia faces its first major external debt default since 1917 as Western sanctions in response to its invasion of Ukraine limit its ability to service foreign bonds. Russia has $117 million in payments due on Wednesday on two dollar-denominated eurobonds. Its finance ministry has said it will make the payments in roubles if...
Seized or sailing away: What we know about oligarchs and their assets
Date: March 15, 2022
(Reuters) – The latest on Russia’s oligarchs and their assets: ALISHER USMANOV Alisher Usmanov, 68, a metals and telecoms tycoon with an estimated $16.2 billion net worth, has been sanctioned by the United States and European Union. Seized: – A villa in Golfo del Pevero, on the island of Sardinia, worth approximately $19 million, was...