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Ukraine and Russia: What You Need to Know Right Now
Date: August 5, 2022
(Reuters) – Shells struck a high-voltage power line on Friday at Europe’s largest power plant, in Ukrainian territory captured by Russia, but Ukrainian authorities said the plant still worked and no radioactive leak had been detected. FIGHTING * Ukraine’s Energoatom state nuclear power company said a high-voltage power line at the Zaporizhzhia nuclear power plant...
Russian Equities Brace for Selling Pressure as Fraction of Foreign Investors Return
Date: August 5, 2022
MOSCOW (Reuters) – Russian stocks are expected to decline in August as investors from so-called “friendly” countries, a fraction of foreign investment power, return to the unchartered waters of an equity market now offering huge risks and insufficient transparency. Foreign investors have not had access to the Russian stock market since Feb. 25, the day...
Hargreaves Lansdown Shares Hit 2.5 Month High on Profit Beat
Date: August 5, 2022
By Sinchita Mitra (Reuters) – Hargreaves Lansdown Plc on Friday beat annual profit expectations helped by better cost management, sending shares in the British investment platform to a 2-1/2-month high. Last year Hargreaves battled soaring costs which hit its underlying annual profit and prompted it to launch strategic initiatives to manage costs efficiently. “This past...
Jittery Markets See Bond Funds Enjoy Largest Weekly Inflows Since Nov 2021
Date: August 5, 2022
By Lucy Raitano LONDON (Reuters) – Bond funds recorded their largest weekly inflow since late 2021 while equity funds were sold off, suggesting investors are becoming increasingly risk adverse against a darkening outlook for the global economy. Investors put $11.7 billion into bonds in the week to Wednesday – the biggest such inflow into fixed...
Russia Sentences Griner to 9 Years in Jail, Biden Says It’s Unacceptable
Date: August 4, 2022
KHIMKI, Russia (Reuters) -A Russian court sentenced U.S. basketball star Brittney Griner to nine years in prison on Thursday after finding her guilty of deliberately bringing cannabis-infused vape cartridges into Russia, a ruling that President Joe Biden called “unacceptable.” Griner was arrested in mid-February, and her case threw the Texan athlete into the geopolitical maelstrom...
Voestalpine Warns Outlook Depends on Continued Gas Supplies
Date: August 4, 2022
BERLIN (Reuters) – Austria’s Voestalpine warned on Thursday that it expected a significant cooling of the economy in the second half of its fiscal year and said its earnings guidance depended on Europe continuing to receive sufficient supplies of natural gas. The group last month said it expected to reach the upper end of its...