(Reuters) – Home rental firm Airbnb Inc and online travel agency Booking Holdings Inc became the latest big global companies to suspend operations in Russia as Western sanctions build against Moscow for invading Ukraine. Airbnb Chief Executive Officer Brian Chesky tweeted on Thursday the suspension, which also includes Russian ally Belarus. It aligns his company …
Airbnb, Booking join Western corporate shutdowns in Russia Read More »
By Brijesh Patel (Reuters) -The London Metal Exchange (LME) on Friday raised its margin requirements for aluminium and nickel contracts effective at close of business on March 8 after a rally fueled by the escalating Russia-Ukraine conflict. Russia is one of the world’s biggest exporters of key raw materials such as aluminium and nickel traded …
London Metal Exchange hikes aluminium, nickel margins Read More »
By Amal S and Shashank Nayar (Reuters) – Britain’s blue-chip and mid-cap stock indexes recorded their worst week since March 2020 on Friday as concerns over the impact of Russia’s invasion of Ukraine deepened. The blue-chip FTSE 100 index ended the session 3.5% lower and was down 6.4% over the week, with precious metal miners, …
Rocked by Ukraine, British stocks have worst week since pandemic began Read More »
FRANKFURT (Reuters) – Allianz Chief Executive Oliver Baete earned 9% more in 2021 despite losses in a multibillion-dollar trading debacle at the German insurer’s funds arm. Baete’s total payout was 6.961 million euros ($7.67 million) in 2021, up from 6.391 million euros in 2020, according to the company’s annual report published on Friday. ($1 = …
Allianz CEO total 2021 payout up 9% despite funds debacle Read More »
(Reuters) – European stocks sank on Friday, on course for their third consecutive week of declines following reports of a nuclear power plant on fire amid fierce fighting between Ukraine and Russian troops. The pan-European STOXX 600 index fell -1.4% by 0837 GMT after Asian stocks sank to a 16-month low. Germany’s DAX fell to …
LONDON (Reuters) – European equities as well as financial stocks funds suffered their biggest outflows on record while investors piled into cash in the week to Wednesday as the war in Ukraine roiled global markets, BofA said in its weekly flow note on Friday. European equity funds haemorrhaged $6.7 billion while financial funds saw outflows …
BofA: Ukraine war sees Europe equities suffer record weekly outflows Read More »
LONDON (Reuters) – British insurer and asset manager Royal London plans to sell its Russian assets as soon as possible, its CEO Barry O’Dwyer said on Friday. “We can’t trade these things anyway, but as soon as we can, we obviously intend to divest,” he told Reuters. Royal London has less than 0.1% of its …
Royal London CEO plans to get out of Russian assets as soon as possible Read More »
(Reuters) -France’s Dassault Aviation said on Friday it expected to post lower sales this year than in 2021, as it reported a steep rise in annual earnings fuelled by higher deliveries of its warplanes. The maker of Rafale fighter jets saw its operating income more than double to 527 million euros ($580.33 million) from 261 …
Dassault Aviation sees lower sales in 2022 after military earnings boost Read More »
AMSTERDAM (Reuters) – Dutch bank ING provided an update on Friday on its exposure in Russia and Ukraine, saying that about 700 million euros ($771 million) in outstanding loans were “affected” by “new sanctions on (Russian) specific entities and individuals” by Europe and the United States. In a statement composed of bullet points and pictures, …
Dutch bank ING says $770 million in loans affected by Russian sanctions Read More »
(Reuters) -Cryptocurrency exchanges Coinbase Global Inc and Binance reiterated on Friday they have no plans to preemptively ban all Russians from using their platforms. Some of the world’s biggest cryptocurrency exchanges are staying put in Russia, breaking ranks with mainstream finance in a decision that experts say weakens Western attempts to isolate Moscow following the …
Coinbase, Binance will not ban Russians from using crypto platforms Read More »
