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Apple to host spring event next week, low-cost 5G iPhone in focus
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Oil spikes as Russian supply disruptions increase amid sanctions
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Sanctions significantly increase chance of Russia international debt default, analysts warn
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Ukraine invasion hampers wire harness supplies for carmakers
Dollar gains on euro as Ukraine crises clouds euro zone outlook
Date: March 2, 2022
By Saqib Iqbal Ahmed and Caroline Valetkevitch NEW YORK (Reuters) – The dollar edged higher against the euro on Wednesday, as investors worried about the impact of an escalating conflict in Ukraine on the euro zone’s economic prospects, while commodity-linked currencies strengthened. The Russian rouble extended its recent slide to hit record lows in Moscow...
OPEC+ swerves Ukraine crisis and sticks to oil output plans
Date: March 2, 2022
By Maha El Dahan, Ahmad Ghaddar and Alex Lawler DUBAI/LONDON (Reuters) -OPEC+ oil producers agreed on Wednesday to stick to their plans for a modest output rise in April, ignoring the Ukraine crisis during their talks and snubbing calls from consumers for more crude even as crude prices rocketed higher. Oil prices shot above $110...
EU excludes seven Russian banks from SWIFT – official journal
Date: March 2, 2022
BRUSSELS (Reuters) – The European Union is excluding seven Russian banks from the SWIFT messaging system that underpins global transactions as part of its sanctions over Russia’s invasion of Ukraine, the EU official journal said on Wednesday. The banks, which will be given 10 days to wind-down their SWIFT operations, are Russia’s second-largest bank VTB,...
EU bans export of machinery to Belarus in new sanctions over Ukraine invasion
Date: March 2, 2022
By Francesco Guarascio BRUSSELS (Reuters) -The European Union has approved new sanctions against Belarus for its supporting role in Russia’s invasion of Ukraine, the EU said on Wednesday, including a ban on exporting machinery to Minsk. The fresh sanctions, which have not been published yet and, for now, spare Belarusian banks, come after Minsk allowed...
TotalEnergies CEO joined meeting on Russia at French presidency – Elysee official
Date: March 2, 2022
By Benjamin Mallet and Michel Rose PARIS (Reuters) – Patrick Pouyanne, the CEO of TotalEnergies which has become increasingly isolated among oil majors by holding on to its interests in Russia, attended a meeting at the Elysee Palace on Tuesday to discuss the Ukraine crisis and the French government’s position, President Emmanuel Macron’s office said....
European gas prices touch new highs as Russia supply fears grow
Date: March 2, 2022
By Susanna Twidale LONDON (Reuters) – European and British gas prices soared on Wednesday, with a benchmark Dutch gas price hitting a record high as countries said EU sanctions against Russia could target gas shipments, while some cargos of Russian liquefied gas changed course. Britain on Monday ordered Russian-associated vessels be blocked from its ports...