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Nord Stream 2 says it has not filed for insolvency
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Euro zone inflation soars to new high, intensifying ECB dilemma
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Exclusive-BA-owner IAG looking at options, but not a rights issue
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Futures make tentative gains ahead of Powell testimony
Bank of England studies insurer exposure to Russian sanctions, eyes cyber defences
Date: March 2, 2022
By Huw Jones and Carolyn Cohn LONDON (Reuters) – The Bank of England said on Wednesday it was examining exposures of Britain’s insurers to fallout from financial sanctions on Russia and also issued a reminder of the need to have proper defences against cyber attacks. Britain, the European Union, United States and other countries have...
European bank shares halt slide; Russia’s Sberbank exits Europe
Date: March 2, 2022
By Tom Sims and Carolyn Cohn FRANKFURT/LONDON (Reuters) – European bank shares halted their slide on Wednesday after dropping to their lowest level in nearly 11-months on fallout from the Ukraine crisis, which has forced the European arm of Russia’s Sberbank to close. Russia has shown no intention of stopping its Ukraine attack, which has...
UK retailers raise prices by most since 2011 – BRC
Date: March 2, 2022
LONDON (Reuters) – British shoppers were hit last month by the biggest price rises from major retailers since 2011, according to a survey that adds to signs of fast-rising inflation which the Bank of England is trying to tackle with higher interest rates. The British Retail Consortium said on Wednesday that shop prices rose by...
Visa, Mastercard block Russian financial institutions after sanctions
Date: March 2, 2022
By Maria Ponnezhath (Reuters) -U.S. payment card firms Visa Inc and Mastercard Inc have blocked multiple Russian financial institutions from their network, complying with government sanctions imposed over Moscow’s invasion of Ukraine. Visa said on Monday it was taking prompt action to ensure compliance with applicable sanctions, adding that it will donate $2 million for...
Rouble weakens to record low, threatening Russian living standards
Date: March 2, 2022
NEW YORK (Reuters) -The rouble weakened past 100 against the dollar in Moscow trade and hit a record low of 117 in other markets on Tuesday, threatening the living standards of ordinary Russians as the country is hit by harsh Western sanctions following its invasion of Ukraine. The currency had found some support after Russian...
Apple stops product sales in Russia, adding to pressure from shippers, car makers
Date: March 2, 2022
By Jonathan Saul, Stine Jacobsen and Dawn Chmielewski (Reuters) -American big brands including Apple, Google, Ford and Harley-Davidson on Tuesday stopped sales and distanced themselves from Russia because of the invasion of Ukraine, joining a growing list of companies from shippers to car makers to energy companies shunning the country. Apple Inc said it had...