Category Archives:
Swiss National Bank renews pledge to stem franc’s rise in rare comment
By John Revill ZURICH (Reuters) - The Swiss National Bank repeated on Monday its pledge to intervene on the currency markets to curb a rise in the franc after safe-haven inflows driven by the Ukraine ...
Mar 07, 2022
BOJ may offer bleaker view on economy next week on COVID-19 hit – sources
TOKYO (Reuters) - The Bank of Japan may downgrade its economic assessment at next week's policy meeting as a spike in Omicron COVID-19 infections dealt a bigger-than-expected blow to consumption, said...
Mar 07, 2022
UBS downgrades eurozone stocks on earnings risk
MILAN (Reuters) - The wealth management arm of Swiss bank UBS has downgraded euro zone equities to neutral citing the potential for negative economic and earnings growth revisions amid growing uncerta...
Mar 07, 2022
Carmignac says plans to divest from Russian securities
LONDON (Reuters) - French asset manager Carmignac said on Monday it would not buy Russian securities and would divest from existing assets, following a raft of other fund managers who have made simila...
Mar 07, 2022
UBS has limited Russia exposure, but sees risks of unexpected increases
ZURICH (Reuters) - UBS's direct exposure to Russia made up $634 million of the Swiss bank's total emerging market exposure of $20.9 billion at the end of 2021, the bank said in its annual report. Swit...
Mar 07, 2022
Euro zone investor morale plummets in March on Ukraine crisis
FRANKFURT (Reuters) - Investor morale in the euro zone plunged in March in the wake of the Russian invasion of Ukraine and its implications for the global economy, a survey showed on Monday. Sentix's ...
Mar 07, 2022
Britain’s Next closes Russia operations
LONDON (Reuters) - British clothing retailer Next is to close its Russian operations following Russia's invasion of Ukraine, joining a growing list of companies shunning the country. Next has told sta...
Mar 07, 2022
In Greek migrant camp, Afghan woman finds strength in art
By Karolina Tagaris THIVA, Greece (Reuters) - In a tiny classroom in a migrant camp in Greece, 18-year-old Roya Rasuli teaches a bustling group of young girls how to paint. For Rasuli, it's also a les...
Mar 07, 2022
European shares hit one-year low on prospect of Russia oil ban
(Reuters) - European stocks hit one-year lows on Monday, with Germany's blue-chip index looking set to confirm a bear market as Western countries mulled a Russian oil import ban, raising the prospects...
Mar 07, 2022
Iveco and Hyundai Motor sign MoU to explore future collaborations
MILAN (Reuters) - Italian truck, bus and engine maker Iveco group said on Monday it had signed a memorandum of understanding (MoU) with Hyundai Motor Company on March 4 to explore possible collaborati...
Mar 07, 2022
Peoria, IL, USA
69 °F Sunny
