Category Archives:
German carmakers warn fallout from Ukraine invasion on production to get worse
By Ludwig Burger FRANKFURT (Reuters) -German carmakers association VDA said that the fallout from Russia's invasion of Ukraine was disrupting transport routes as well as financial transactions and tha...
Mar 02, 2022
Wintershall Dea stops payments to Russia, writes off $1.1 billion Nord Stream 2 loan
By Christoph Steitz FRANKFURT (Reuters) - German oil and gas firm Wintershall Dea said on Wednesday it would stop payments to Russia and write off its 1 billion euro ($1.1 billion) financing in the No...
Mar 02, 2022
Lebanon’s Bank Audi says UK court order will leave some depositors out of pocket
BEIRUT (Reuters) - Complying with a London court order requiring Lebanon's Bank Audi and SGBL to pay a depositor $4 million of money stuck in the nation's crisis-hit banking sector will result in othe...
Mar 02, 2022
Sweden’s H&M temporarily suspends sales in Russia
By Helena Soderpalm STOCKHOLM (Reuters) -Swedish fashion group H&M is temporarily pausing all sales in Russia, it said on Wednesday, joining a growing list of companies shunning the country since it i...
Mar 02, 2022
Canada’s low-cost carrier WestJet to buy rival Sunwing Airlines
(Reuters) - Canadian airline WestJet Group, owned by private equity firm Onex Corp, said on Wednesday it would buy leisure rival Sunwing Airlines for an undisclosed amount as it looks to tap into a re...
Mar 02, 2022
U.S. lawmakers push Treasury to ensure Russia cannot use cryptocurrency to avoid sanctions
By Hannah Lang (Reuters) - Senator Elizabeth Warren and three other Democratic lawmakers on Wednesday urged the Treasury Department to ensure the cryptocurrency industry is complying with sanctions im...
Mar 02, 2022
Russian banking liquidity shortage widens to 7 trillion roubles, central bank says
MOSCOW (Reuters) - The Russian banking system's liquidity shortage widened to 6.9 trillion roubles ($68.25 billion) on Wednesday, the central bank said, up from 5.4 trillion roubles a day before as pe...
Mar 02, 2022
Top U.S. diplomat Blinken to go to the Baltics, Brussels, Poland this week -State Dept
WASHINGTON (Reuters) - U.S. Secretary of State Antony Blinken will travel to Brussels, Moldova and the Baltics this week to hold discussions with NATO allies and European partners on Russia's invasion...
Mar 02, 2022
NRA cannot be dissolved by New York attorney general, judge rules
NEW YORK (Reuters) - New York's attorney general was dealt a setback in her corruption case against the National Rifle Association on Wednesday, when a state judge dismissed her effort to dissolve the...
Mar 02, 2022
Explainer-Third time lucky? Why Banco BPM appeals to UniCredit CEO
By Valentina Za and Andrea Mandala MILAN (Reuters) - Italy's third-largest bank Banco BPM has occupied a special place on the wish list of Andrea Orcel since the veteran dealmaker took the reins at Un...
Mar 02, 2022
Peoria, IL, USA
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