Lockheed Martin takes big step toward winning Canada jet race
Canada has picked Lockheed Martin Corp (LMT.N) as the preferred bidder to supply 88 new fighter jets, Procurement Minister Filomena Tassi said Monday, in a clear sign the US company ...
US sees compliance, even ‘self-sanctioning’, on Russia export controls in Asia
The United States has not seen any indications of non-compliance in Asia with export controls on Russia due to its invasion of Ukraine, and companies are even self-sanctioning, a senior ...
Tesla to seek shareholder approval for stock split; shares surge
Tesla Inc (TSLA.O) will seek investor approval to increase its number of shares to enable a stock split in the form of a dividend, the electric-car maker said on ...
Oil drops on Ukraine peace talk hopes, China demand fears
Oil prices on Tuesday extended losses from the previous day as Ukraine and Russia headed for peace talks and on concerns about demand as China’s financial hub of Shanghai ...
As sanctions ‘weaponize’ US dollar, some Treasury buyers could fall back
US sanctions against Russia should hasten a move by some countries to reduce their reliance on the US dollar, which could also soften demand for Treasuries just as the Federal ...
Buoyant bitcoin helps market cruise past $2 trillion
As a bleak first quarter draws to a close, crypto seems to have the wind in its sails. It has pushed through the $2 trillion barrier and is proving surprisingly resilient ...
Lebanon’s central bank chief is suspect in 120 mln euro asset freeze case
Lebanese central bank governor Riad Salameh is a suspect in a case the European Union’s criminal justice agency said on Monday had led to the freezing of some 120 million ...
EY Brexit tracker finds 7,000 finance jobs have left London for EU
More than 7,000 finance jobs have moved from London to the European Union as a result of Brexit, down 400 from the total anticipated in December, consultants EY said on Tuesday.
While ...
UK’s National Grid to sell 60 per cent stake in gas unit to Macquarie, BCI
Britain’s National Grid (NG.L) said on Sunday it would sell a 60 per cent stake in its British gas transmission and metering business to Australia’s Macquarie Asset Management ...
Ukraine launches NFT ‘Museum of War’ in crypto crowdfunding push
Ukraine started auctioning off a collection of non-fungible tokens (NFTs) on Friday in an expansion of a cryptocurrency fundraising push that Kyiv says has already collected more than $65 million for ...
Gates Foundation, Qatar to spend $200 million on climate-adaptive agriculture
Major gas producer Qatar and the Gates Foundation will jointly invest up to $200 million over the next two years to help prepare farmers in developing countries to adapt to climate ...
French retailer Auchan says it plans to remain in Russia, Ukraine calls for boycott
Privately-owned French retailer Auchan plans to maintain its presence in Russia, its CEO said in an interview published in the French newspaper Journal du Dimanche on Sunday, prompting Ukraine to ...
War in Ukraine causes German business morale to collapse
German business morale plummeted in March as companies worried about rising energy prices, driver shortages and the stability of supply chainsin the wake of the war in Ukraine,pointing to ...
Hard landing: Lessors lose hope of getting Russian planes back
As the clock runs down to Monday’s sanctions deadline for Russian airlines to hand back more than 400 leased planes worth almost $10 billion, foreign lessors are fast losing hope that ...
Could the US ship more LNG to Europe?
The United States, the world’s top natural gas producer, wants to send more liquefied natural gas (LNG) to Europe to help its allies break their dependence on Russian gas ...
Turkey’s current account deficit seen rising to 4 per cent of GDP this year
Turkey’s current account deficit is expected to rise to $32 billion or 4.0 per cent of GDP this year, more than the 2.5 per cent previously forecast, Goldman Sachs said, citing rising ...
UK retail sales and consumer confidence fall as inflation mounts
Britons cut back on their shopping in February and consumer confidence levels tumbled this month as accelerating inflation cast a shadow over the world’s fifth-biggest economy, data released on ...
Costs of going unvaccinated in America are mounting for workers and companies
Nearly a year after COVID vaccines became freely available in the US., one fourth of American adults remain unvaccinated, and a picture of the economic cost of vaccine hesitancy is ...
Four weeks of war scar Russia’s economy
Russia’s invasion of Ukraine on Feb. 24 sparked sweeping sanctions that ripped the country out of the global financial fabric and sent its economy reeling.
A month on, Russia’s ...
The war in Ukraine and its macroeconomic implications
By Ioannis Tirkides
The war in Ukraine and the sanctions will have profound effects on the Russian economy itself, will cause a geopolitical shift, and will certainly have serious macroeconomic ...
China’s Sinopec pauses Russia projects, Beijing wary of sanctions
China’s state-run Sinopec Group has suspended talks for a major petrochemical investment and a gas marketing venture in Russia, sources told Reuters, heeding a government call for caution as ...
HSBC steps up scrutiny of Russian clients worldwide as sanctions ratchet up
HSBC (HSBA.L) is shunning prospective Russian clients and declining credit to some existing ones, two sources with knowledge of the matter told Reuters, as the bank seeks to shield ...
EU nations to exchange refugees’ hryvnias at Ukraine cenbank rate
European Union countries are likely to agree to allow millions of Ukrainian refugees to exchange their currency, the hryvnia, into currencies used in the EU over the next three months ...
Clients plead with top custodian banks to stay in Russia
Global banks including Citigroup Inc (C.N), JPMorgan Chase & Co (JPM.N) and Societe Generale (SOGN.PA) face pressure to commit to remaining as custodian banks in Russia, as ...