Investors hunt for bargains amid global market turmoil March 9, 2022 Investors have piled into flagging equities in the past week as they hunt for bargains amid the market turmoil sparked by Russia’s invasion of Ukraine.
Biden signs executive order on crypto amid surging US adoption March 9, 2022 The US government has unveiled fresh details about a highly anticipated crypto executive order which will be signed by President Biden later today.
OPEC+ underperforms as politics weighs on oil output March 9, 2022 Oil prices remain elevated in a volatile market, with OPEC+'s performance under increasing scrutiny amid escalating conflict in Ukraine.
BDO follows Big Four auditors in distancing itself from Russia March 9, 2022 Belgian auditor BDO has become the latest big accountancy firm to distance itself from Russia and Belarus, in response to Russia’s invasion of Ukraine. In a statement, the firm said it would cut all existing ties with sanctioned entities, including Russian and Belarusian state-owned companies and sanctioned individuals. The Belgian auditor noted that its Russian [...]
Oil prices fall as Europe holds back from energy sanctions on Russia March 9, 2022 Oil prices have dipped this morning after Europe stayed out of ramped-up Western sanctions on Russian energy supplies.
Listed Jupiter trust plans to liquidate after Ukraine conflict muddies outlook March 9, 2022 A £66m listed investment fund has put forward plans for liquidation after conflict in Ukraine muddied the economic outlook and restricted opportunities for growth.
‘Backbone’ of internet Lumen Technologies pulls plug on Russia amid rumours Kremlin planning global disconnect March 9, 2022 The ‘backbone’ of the internet Lumen Technologies has said it will be pulling the plug on Russia due to the “increased security risk” caused by the invasion of Ukraine.
His Raw Materials: Putin pushes back against oil and gas sanctions with retaliatory measures March 9, 2022 Russia has announced plans to restrict the trade of goods and raw materials, in response to the US and UK imposing oil and gas bans.
Face the music: Universal Music Group and Warner Media pull out of Russia March 9, 2022 Universal Music Group has suspended all operations in Russia and closed its offices in the country, the company announced last night. In a statement, the music giant said: “Effective immediately, we are suspending all operations in Russia and closing our offices there.” “We urge an end to the violence in Ukraine as soon as possible. [...]
Fitch warns investors to brace for heavy losses on Russian debt as default looms March 9, 2022 One of the world’s top credit rating agencies has told investors in Russian debt to brace for severe losses. Fitch last night downgraded Moscow sovereign debt to a C rating, meaning the risk of a Russian default is “imminent”. President Vladimir Putin’s decision to order all interest payments on sovereign government debt held by foreign [...]