(Bloomberg) — Commodities are careering into a second half that promises as much turmoil as the first, with the world facing an escalating energy crisis, copper plunging on Fed-fueled recession fears, and Russian President Vladimir Putin delivering a shock for Shell Plc. Russia’s move to reshuffle ownership of the Sakhalin-2 gas plant spells trouble for […]
Read More(Bloomberg) — At least a hundred companies worldwide have delayed or pulled financing deals worth more than $45 billion since Russia’s invasion of Ukraine. These include initial public offerings, bonds or loans and acquisitions. U.S. equity market deals were the worst hit by global volatility in the first quarter as a crop of firms postponed […]
Read More(Bloomberg) — Brent crude soared almost 18% to just shy of $140 a barrel at the open in Asia following news over the weekend that the U.S. and its European allies are discussing a possible ban on Russian oil exports. It’s the latest development in an eye-watering surge in prices since the invasion of Ukraine, […]
Read More(Bloomberg) — A Ukrainian delegation led by the defense minister began talks with Russian officials on the fifth day of an invasion that’s triggered a flurry of sanctions against Moscow and sent Russian markets into a tailspin. Ukrainian President Volodymyr Zelenskiy has voiced skepticism that the talks, taking place on the country’s border with Belarus, […]
Read More(Bloomberg) — Banks are taking precedence for President Vladimir Putin as Russia devises a domestic response to sanctions rolled out by western governments over the invasion of Ukraine. Russian state aid will initially focus on assisting lenders hit with penalties, according to two people who attended a closed meeting with Putin to address the impact […]
Read More(Bloomberg) — Russia’s flagship crude oil was offered for sale at a record discount as some buyers and shipping companies fretted over potential sanctions by the West following the country’s invasion of Ukraine. Oil freight transportation costs boomed. The nation’s Urals crude was offered at $11.60 a barrel below Dated Brent, a marker for physical […]
Read More(Bloomberg) — Russia’s rout on Thursday is the fifth-worst plunge in equity market history in local currency terms as investors sold the nation’s assets following the country’s invasion of Ukraine. The benchmark MOEX Russia Index closed 33% lower in Moscow, erasing $189 billion in shareholder wealth, as Western leaders vowed to step up penalties on […]
Read More(Bloomberg) — Russian assets nosedived as military attacks across Ukraine prompted emergency central bank action and investors braced for the toughest round of Western sanctions yet, wiping out as much as $259 billion in stock-market value. The ruble sank to a record low, the cost of insuring Russian debt against default soared to the highest […]
Read MoreThe gold address plaque of Bank Rossiya is seen outside the bank’s head office in St. Petersburg. Western countries are responding to Russia’s incursion on eastern Ukraine with a series of sanctions targeting the country’s financial sector. Russian troops have entered two breakaway regions in Ukraine that were recognized as independent by president Vladimir Putin […]
Read More