By Stephanie Kelly NEW YORK (Reuters) – Oil prices surged over 2% on Monday to their highest in more than seven years as Ukraine’s president declared a “day of unity” for Feb. 16, a date that some Western media have cited as a possible start of a Russian invasion. Russia is one of the world’s …
Oil hits 7-yr highs as market fears Russian attack on Ukraine imminent Read More »
By Lewis Krauskopf NEW YORK (Reuters) – Worries over a potential Russian invasion into Ukraine could fuel stock weakness over the short-term, but most U.S. market fallout related to geopolitics is likely to be short-lived, if history is any guide. With the S&P 500 down over 7% to start the year and bond yields spiking, …
As markets churn over Russia-Ukraine conflict, history shows fleeting impact Read More »
By Herbert Lash and Marc Jones NEW YORK/LONDON (Reuters) – World shares slid on Monday while oil prices jumped to seven-year highs on U.S. warnings that Russia could soon invade Ukraine, and investors scurried to buy safe-haven government bonds they mostly shunned so far this year. Europe’s STOXX 600 share index tumbled as much as …
Shares slide, oil rises on growing Ukraine crisis Read More »
(Reuters) -Citigroup Inc Chief Executive Officer Jane Fraser will be paid $22.5 million for 2021, a 31.6% increase from the previous year when she was the president of the bank and the head of its consumer businesses, the bank disclosed on Monday. Citigroup directors cited Fraser’s ability to establish a clear set of priorities aimed …
Citigroup raises Fraser’s pay by 32% after appointing her as CEO Read More »
By Rod Nickel (Reuters) – The province of Alberta plans to toughen its greenhouse gas emissions standards for oil sands mines, closing a loophole that rewarded some of Canada’s highest-emitting facilities with millions of dollars’ worth of tradeable credits, two sources with knowledge of the changes told Reuters. Alberta’s environment ministry will announce tougher industry …
By Mike Stone WASHINGTON (Reuters) -Lockheed Martin’s exit from its purchase of engine maker Aerojet Rocketdyne has refocused investors on the compounding list of problems at the companies, as pressure grows on Lockheed management to improve lagging performance. Both Lockheed Martin Corp and Aerojet Rocketdyne Holdings Inc stocks were down on Monday after Lockheed walked …
End of Lockheed-Aerojet deal puts pressure on leadership of both firms Read More »
WELLINGTON (Reuters) – Compounding factors are influencing a decrease in house prices and sales activity in New Zealand, the Real Estate Institute of New Zealand (REINZ) said on Tuesday. Median nationwide house values were down 2.2% in January compared to the previous month, according to REINZ. Seasonally adjusted nationwide median house prices ticked up slightly …
New Zealand homes sales and prices ease in January Read More »
(Reuters) – Brazil’s Supreme Court annulled on Monday a previous court decision that would have required state-run oil company Petrobras to pay billions of dollar in a labor dispute involving additional wages for employees. The majority Supreme Court vote confirms a previous ruling made last year by Justice Alexandre de Moraes to annul the dispute, …
Brazil’s Supreme Court annuls billion-dollar labor dispute against Petrobras Read More »
(Reuters) -Blank-check companies backed by buyout firm Warburg Pincus and billionaire real estate investor Barry Sternlicht are in talks to take security services firm Allied Universal public in a $20 billion deal, according to a source familiar with the matter. The deal will involve three special purpose acquisition companies (SPACs) – Warburg Pincus Capital Corp …
Warburg, Sternlicht SPACs discuss $20-billion, three-way deal for Allied Universal Read More »
By Luc Cohen NEW YORK (Reuters) – Prosecutors on Monday accused a former Goldman Sachs banker of seeking to make millions of dollars laundering money looted from Malaysia’s 1MDB sovereign wealth fund, at the outset of a trial that could shed light on the bank’s response to warnings of corruption. Roger Ng, Goldman’s former head …
Ex-Goldman banker got millions in 1MDB-linked kickbacks -prosecutor Read More »
