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World Bank Estimates Ukraine Physical Damage at Roughly $60 Billion so Far
Date: April 21, 2022
By David Lawder and Chris Gallagher WASHINGTON (Reuters) -Physical damage to Ukraine’s buildings and infrastructure from Russia’s invasion has reached roughly $60 billion and will rise further as the war continues, World Bank President David Malpass said on Thursday. Malpass told a World Bank conference on Ukraine’s financial assistance needs that the early estimate of...
UK Shares Fall as Consumer Staples Stocks, Brokerage Actions Weigh
Date: April 19, 2022
By Devik Jain (Reuters) -UK shares fell on Tuesday, weighed down by concerns about a slowdown in global economic growth and a series of negative brokerage actions, while electrical engineering firm Spectris climbed after announcing unit sale and share buyback. The blue-chip FTSE 100 edged 0.1% lower, with spirits maker Diageo, Dove soap maker Unilever...
Wall Street Ends Lower as Bond Yields Jump on Growth Concerns
Date: April 18, 2022
By Pete Schroeder WASHINGTON (Reuters) – Wall Street ended the day lower in a choppy trading day on Monday, while U.S. Treasury yields jumped as investors juggled strong earnings with what Russia’s invasion of Ukraine could mean for global growth. A significant cut to global growth expectations from the World Bank, paired with March weakness...
Wall Street Up, Treasuries Surge as Investors Eye Earnings, Global Growth
Date: April 18, 2022
By Pete Schroeder WASHINGTON (Reuters) – Wall Street opened higher Monday while U.S. Treasury yields hit three-year highs as investors eyed corporate earnings and what Russia’s invasion of Ukraine could mean for global growth. A significant cut to global growth expectations from the World Bank, paired with March weakness in China’s latest economic numbers injected...
World Bank Says War to Cut Global Growth, Boosts Financing Target
Date: April 18, 2022
WASHINGTON (Reuters) – The World Bank is reducing its global growth forecast for 2022 by nearly a full percentage point, to 3.2% from 4.1%, due to the impacts from Russia’s invasion of Ukraine, World Bank President David Malpass said on Monday. Malpass told reporters on a conference call that the World Bank was responding to...
Ukrainian Prime Minister Says Forces in Mariupol Have Not Surrendered – Abc
Date: April 18, 2022
By David Lawder WASHINGTON (Reuters) – Remaining Ukrainian forces in the southern port of Mariupol are still fighting and continue to defy a Russian demand that they surrender, Ukrainian Prime Minister Denys Shmyhal said on Sunday. “The city still has not fallen,” Shmyhal told ABC’s “This Week” program, adding that Ukrainian soldiers continue to control...