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Top StoriesExternal Factors Force Pause in Iran Nuclear Talks, EU Says
Top StoriesFTSE 100 Weighed Down by Banks and Oil Firms; Rio Tinto Slumps
Top StoriesPrudential Flags Ukraine Conflict Risks After 2021 Profit Rise
Top StoriesUniCredit, BNP Paribas Detail Hefty Russia Exposures as Sector Rebounds
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...
Singapore’s Gic Backs Taiwan Stocks After Market Falls – Sources
Date: March 9, 2022
By Liang-sa Loh TAIPEI (Reuters) – Singapore’s sovereign wealth fund GIC has recently remitted a large amount of money and has begun buying Taiwanese stocks, three sources familiar with the matter told Reuters, taking advantage of recent market falls. The benchmark index closed up 1.1% on Wednesday, reversing some losses having dropped 2.1% on Tuesday...
Russia Faces Further Sanctions as Investors Dash for Exit
Date: March 8, 2022
By Huw Jones, Francesco Guarascio and Jonathan Saul BRUSSELS/LONDON (Reuters) – Russia faces further economic sanctions, as European officials prepared to meet on Tuesday to debate new restrictions, and more investors withdrew from the country. The European Commission has prepared a new package of sanctions against Russia and Belarus designed to hit additional Russian oligarchs...
Factbox-How Dependent Is Germany on Russian Gas?
Date: March 8, 2022
By Vera Eckert and Kate Abnett FRANKFURT/BRUSSELS (Reuters) – Russia has warned it may shut off its main Nord Stream gas pipeline to Germany after Berlin halted approval of a second line across the Baltic Sea in response to Russia’s invasion of Ukraine. The comment, from Russian deputy prime minister Alexander Novak, reflects escalating tensions...
Kremlin Says Russian Military Action Will Stop ‘in a Moment’ if Ukraine Meets Conditions
Date: March 7, 2022
LONDON (Reuters) – Russia is demanding that Ukraine cease military action, change its constitution to enshrine neutrality, acknowledge Crimea as Russian territory and recognise the separatist republics of Donetsk and Lugansk as independent territories, Kremlin spokesman Dmitry Peskov said. Peskov told Reuters that Russia had told Ukraine it was ready to halt its military action...
Financial Screws Turned on Russia as Insurers Exit, London Stocks Halted
Date: March 4, 2022
By Carolyn Cohn and Lawrence White LONDON (Reuters) -Russia’s global financial isolation intensified on Friday as the London Stock Exchange (LSE) suspended trading in its last Russian securities and some insurers withdrew cover from exporters over Moscow’s invasion of Ukraine. Banks, investors and insurers have in recent days ratcheted up that pressure by exiting investments...