A look at the day ahead in markets from Sujata Rao. Well-known emerging market commentator Tim Ash at BlueBay Asset Management noted it took a week for Fortress Russia to became Rubble Russia. Indeed, after shedding a third of its value on Monday, the rouble is down another 5%. And it’s a matter of time …
(Reuters) – UK’s FTSE 100 opened higher on Tuesday, boosted by gains in AstraZeneca following the drugmaker’s tie-up with a biotech firm and a rise in commodity-linked shares, while investors continued to watch developments around the Ukraine crisis. The blue-chip FTSE 100 rose 0.5% in early trade, while the domestically focussed mid-cap index rose 0.2%. …
AstraZeneca, commodity-linked shares push FTSE 100 higher Read More »
LONDON (Reuters) – Hedge fund Man Group cut its investments in Russia in recent weeks and now has ‘negligible’ exposure to Russia and Ukraine across its portfolio, its Chief Financial Officer Antoine Forterre told Reuters on Tuesday. The London-based fund first cut exposure to the region in its discretionary emerging markets fund in December, he …
Hedge fund Man Group has cut exposure to Russia – CFO Read More »
By Susanna Twidale LONDON (Reuters) -Britain’s National Grid, which operates the Isle of Grain liquefied natural gas (LNG) terminal said it is seeking to understand if a block on Russia-related vessels, announced by the British government on Monday, includes LNG shipments. Britain on Monday ordered its ports to block any vessels that are Russian-flagged or …
UK’s National Grid seeks clarity on LNG’s inclusion in port block of Russian vessels Read More »
(Reuters) -The U.S. Securities and Exchange Commission is investigating whether recent stock sales by Tesla Inc Chief Executive Elon Musk and his brother Kimbal Musk “violated insider trading rules”, the Wall Street Journal reported https://nam02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.wsj.com%2Farticles%2Fsec-probes-trading-by-elon-musk-and-brother-in-wake-of-tesla-ceos-sales-11645730528%3Fmod%3Dlatest_headlines&data=04%7C01%7CAkash.Sriram%40thomsonreuters.com%7C5dc539e4beeb457fb5d908d9f7cbd8b3%7C62ccb8646a1a4b5d8e1c397dec1a8258%7C0%7C0%7C637813277245978169%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000&sdata=F6tHR8OGtmT%2FYbWUeU%2F88yshgk9pKDeo9UKFMK9L8jA%3D&reserved=0 on Thursday, citing people familiar with the matter. According to the report, the investigation began last year after Kimbal sold …
SEC probes Elon Musk, brother Kimbal over Tesla share sales – WSJ Read More »
(Reuters) – Russian lender VTB was hit with sanctions by both the United States and the United Kingdom on Thursday, in the wake of Russia’s all-out invasion of neighboring Ukraine. Here are some key facts about the bank. WHAT IS VTB? VTB is the second-largest lender in Russia. As well as providing traditional banking services, …
Factbox-Key facts about sanctioned Russian bank VTB Read More »
By David Lawder WASHINGTON (Reuters) – The World Bank and International Monetary Fund said on Thursday they were working to keep their remaining employees in Ukraine safe amid a Russian invasion while the institutions’ leaders said the conflict was greatly raising economic risk in the region. “Most of our staff have already relocated outside Ukraine. …
World Bank, IMF say they are working to keep Ukraine staff safe Read More »
By Elvira Pollina MILAN (Reuters) -INWIT will consider M&A opportunities to boost value for shareholders, its CEO said on Thursday after Italy’s top telecoms tower company posted full-year results in line with expectations and targets. Born as a spin-off of Telecom Italia’s mobile tower operations, INWIT merged in 2020 with rival Vodafone’s mast business in …
Italy’s INWIT looks at M&A after 2021 core profit meets targets Read More »
By Susanna Twidale LONDON (Reuters) -Britain’s largest energy supplier Centrica reported a doubling in adjusted profit for 2021 and said its British Gas brand had taken on about 700,000 customers after the collapse of rivals hit by soaring energy costs amid a cap on prices. That cap is being lifted by a record 54% from …
Centrica’s profit doubles as British Gas takes on 700,000 customers Read More »
BERLIN (Reuters) – Mercedes-Benz aims to double its electric vehicle sales in 2022 and expand its electrified car footprint in relevant markets worldwide, Chief Executive Ola Kaellenius said on Thursday in an earnings press conference. Chief Financial Executive Harald Wilhelm listed a series of challenges the carmaker expected to face this year, including uncertain geopolitical …
Mercedes-Benz to double EV sales in 2022, solidify supplier relationship Read More »
