(Reuters) – Russia will relax temporary capital control measures aimed at limiting a drop in the rouble by allowing individuals to buy cash foreign currency and will also scrap commission for buying forex through brokerages, the central bank said on Friday. The rouble has rebounded on the Moscow Exchange from record lows in March to …
Russia relaxes rules on foreign exchange buying as rouble rallies Read More »
By Tim Hepher PARIS (Reuters) -Airbus lost a fifth of outstanding orders for its A330neo long-haul jet in March as the plane’s largest customer went through restructuring, but won sales elsewhere for more than 100 of its smaller jets, monthly data showed on Friday. AirAsia X cancelled 63 of the A330-900 version of the A330neo, …
Airbus cuts A330 orders, claws back Russia deliveries Read More »
(Reuters) – The European Union on Friday formally adopted its fifth package of sanctions against Russia, including a ban on the import of coal. Existing contracts will have to be terminated by the second week of August, meaning that Russia can continue to receive payments from the EU on coal exports until then. Britain said …
Factbox: Impact on EU, UK steel industry of bans on Russian coal imports Read More »
MILAN (Reuters) – Italian bank UniCredit said on Friday it had pushed back the publication of its first-quarter earnings to May 5, which would give it more time to manage its cross-border exposure to Russia. UniCredit had originally scheduled the release of its first-quarter results for April 28. UniCredit is among Europe’s banks most at …
UniCredit delays Q1 results to better manage cross-border Russia exposure Read More »
BRUSSELS (Reuters) – The European Union has agreed to freeze the assets in the EU of the boss of Russia’s top lender Sberbank, Vladimir Putin’s two daughters and more oligarchs, according to a document published in the EU’s official journal on Friday. Since the start of war in Ukraine, the EU has blacklisted around 700 …
EU agrees to freeze assets of Sberbank boss, Putin’s daughters Read More »
By Francesco Guarascio (Reuters) -The European Union on Friday formally adopted new sweeping sanctions against Russia, including bans on the import of coal, wood, chemicals and other products which were estimated to slash at least 10% of total imports from Moscow. The measures also prevent many Russian vessels and trucks from accessing the EU, further …
EU slashes 10% of Russian imports with new sweeping sanctions Read More »
By Stephen Jewkes and Francesca Landini MILAN (Reuters) -Investment funds Global Infrastructure Partners and Brookfield are not contemplating any “hostile” move on Italy’s road and airport operator Atlantia as a rival bid takes shape, two sources said on Friday. The two funds said this week they had pitched a possible takeover of Atlantia to its …
GIP, Brookfield waiting on Atlantia as Benettons study rival bid Read More »
By Sruthi Shankar (Reuters) -Britain’s top equity index closed at a eight-week high on Friday, lifted by commodity and banking stocks at the end of a volatile week that saw concerns about higher U.S. interest rates and the Ukraine conflict rattle investors. The blue-chip FTSE 100 gained 1.6% to touch its highest since Feb. 11, …
Commodity stocks drive FTSE 100 to fifth straight week of gains Read More »
(Reuters) – The Russian central bank sharply cut its key rate to 17% on Friday and said it holds open the prospect of further cuts at upcoming meetings. Last month, the central bank kept its key interest rate at 20% following massive emergency hike in February and said it would start buying OFZ government bonds, …
Russian central bank cuts key rate to 17%, signals further easing Read More »
By Gus Trompiz PARIS (Reuters) -World food prices jumped nearly 13% in March to a new record high as the war in Ukraine caused turmoil in markets for staple grains and edible oils, the U.N. food agency said on Friday. The Food and Agriculture Organization’s (FAO) food price index, which tracks the most globally traded …
Food prices hit record high in March, U.N. agency says Read More »
