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Kremlin tells United States to await response to “economic war”
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Stocks rebound as markets pause, oil prices cool down
Food crisis grows as spiralling prices spark export bans
Date: March 9, 2022
By Nigel Hunt LONDON (Reuters) – A global food crisis sparked by Russia’s invasion of Ukraine escalated on Wednesday as Indonesia tightened curbs on palm oil exports, adding to a growing list of key producing countries seeking to keep vital food supplies within their borders. The conflict in Ukraine is threatening global grain production, the...
Euro rallies ahead of ECB meeting, Poland’s zloty and Hungary’s forint surge
Date: March 9, 2022
By Joice Alves LONDON (Reuters) – The euro rose on Wednesday, briefly nearing $1.10, supported ahead of this week’s European Central Bank meeting by reports that European Union countries were discussing joint bond issuance to finance energy and defence spending. After touching a 22-month low on Monday of $1.0806, the euro stood at $1.0968 at...
Banks, autos drive rebound in European stocks
Date: March 9, 2022
By Sruthi Shankar (Reuters) -European shares rebounded on Wednesday as investors picked up beaten-down stocks following a rout that was sparked by fears about growing Western sanctions on Russia over its invasion of Ukraine. The pan-European STOXX 600 index rose 3.1%, set to erase all of its losses since Monday when the threat of a...
UniCredit, BNP Paribas reassure investors despite hefty Russia exposures
Date: March 9, 2022
By Valentina Za and Iain Withers MILAN/LONDON (Reuters) – Italy’s UniCredit and France’s BNP Paribas reassured anxious investors on Wednesday over their respective Russian exposures, despite detailing billions of euros in potential costs from the financial shockwaves of Moscow’s invasion of Ukraine. Banks, insurers and asset managers have been scrambling to distance themselves from Russia...
On Syrian frontline, Russia’s war on Ukraine evokes painful memories
Date: March 9, 2022
By Khalil Ashawi TADEF, Syria (Reuters) – Using trench and tunnel warfare, Syrian rebel fighter Abu Ahmad said he and his group held out for years against government forces in eastern Ghouta until Russian air power came to President Bashar al-Assad’s aid in 2015, to devastating effect. As he follows the news from Ukraine, Abu...
Analysis-Ukraine crisis leaves European banks’ renaissance in tatters
Date: March 9, 2022
By Lawrence White and Iain Withers LONDON (Reuters) – Europe’s struggling banks entered 2022 on a wave of optimism not seen in more than a decade, with interest rates set to rise at last, the COVID-19 pandemic receding, and profits rising. The Ukraine crisis has swiftly knocked that flat. Russia’s invasion has triggered an exodus...