By Sinéad Carew NEW YORK (Reuters) – Stocks around the world rebounded on Friday, the U.S. dollar fell and oil prices dipped as investors welcomed talk of renewed diplomacy after Russia’s invasion of Ukraine, and as coordinated Western sanctions left Russia’s energy sector largely untouched. On Thursday, worries about the invasion lifted oil prices past …
Stocks rally, oil dips as investors digest sanctions on Russia Read More »
By Stephanie Kelly NEW YORK (Reuters) -Oil prices slipped Friday after sharp rises early in the session on concern over potential global supply disruptions from sanctions on major crude exporter Russia. The April Brent crude futures contract fell $1.15, or 1.2%, to settle at $97.93 a barrel, after climbing as high as $101.99. The more …
Oil prices dip after soaring on Russia’s invasion of Ukraine Read More »
By Alexander Cornwell DUBAI (Reuters) – Afghanistan is inching closer towards economic collapse six months after the Taliban seized power, the Red Cross said on Friday, with a paralysed banking system stymieing international efforts to get financial aid into the war-ravaged country. Organisations such as the Red Cross have been forced to rely on informal …
Paralysed banking system pushing Afghanistan towards collapse – Red Cross Read More »
(Adds Fed’s policy report, updates prices) By Chuck Mikolajczak MEW YORK (Reuters) – The U.S. dollar dipped on Friday, giving back some of the strong gains from the previous day, as investors gauged the latest round of sanctions on Russia and U.S. inflation data was seen as unlikely to make the Federal Reserve overly aggressive …
Dollar retreats as risk appetite returns; U.S. inflation dials back Fed view Read More »
By Rajesh Kumar Singh, Jamie Freed and Allison Lampert (Reuters) -The fallout to the global aviation industry from Russia’s invasion of Ukraine spread on Friday as two more European countries banned Russian carriers and the European Union said it would restrict exports of aircraft parts. Virgin Atlantic and British Airways began routing flights around Russian …
Airlines tackle Russia risks as Ukraine fallout widens Read More »
By Jonathan Stempel (Reuters) – Hyundai Motor Co and Kia Corp were sued on Friday by drivers who claimed a defect in their vehicles’ anti-lock brake systems could trigger fires. The proposed class action filed in the federal court in Santa Ana, California, followed the South Korean automakers’ Feb. 8 recall of nearly 485,000 Hyundai …
Hyundai, Kia are sued after recalling vehicles because of fire risk Read More »
HONG KONG (Reuters) -China Evergrande Group said on Friday it sold stakes and “right to debt” in four developments to two state-owned trust firms for 2.13 billion yuan ($337.35 million), in a move to ensure their construction goes ahead as well as delivery of its other projects. The world’s most indebted property developer is struggling …
Evergrande sells four projects to state-owned firms for $337 million Read More »
SHANGHAI (Reuters) – China will from March 1 expand a pilot scheme developing wealth management products aimed at retail investors looking to boost their retirement savings to more cities including Beijing and Shanghai, its banking and insurance regulator said on Friday. The China Banking and Insurance Regulatory Commission will also allow more wealth management companies …
China to expand wealth management pilot scheme for retirement savers – regulator Read More »
By Tetsushi Kajimoto TOKYO (Reuters) -Toyota Motor Corp has accepted labour union pay demands, Toyota CEO Akio Toyoda told reporters late Thursday, wrapping up annual wage negotiations with unusual speed amid calls by the government for firms to lift wages. “We have made an offer that fully met the union’s demands,” Toyoda said after a …
By Yimou Lee and Ben Blanchard TAIPEI (Reuters) -Taiwan will join “democratic countries” in imposing sanctions on Russia over the invasion of Ukraine, the government said on Friday, with the world’s largest contract chipmaker TSMC saying it would comply with all export control rules. The crisis is being watched closely in Taiwan, which China claims …
Taiwan to join ‘democratic countries’ in sanctions on Russia Read More »
