ECONOMY & MARKETS

Analysis-Western Companies Wrestle With Russia 'Half-exits'

Signage is seen at the London offices of British American Tobacco, in London, Britain, January 15, 2021.
Western companies that maintain a presence in Russia to provide essential goods such as food and medicines are trying to strike a balance between President Vladimir Putin's government and advocates of Ukraine pulling them in opposite directions.

Western Companies Wrestle With Russia 'Half-exits'

Signage is seen at the London offices of British American Tobacco, in London, Britain, January 15, 2021.
Western companies that maintain a presence in Russia to provide essential goods such as food and medicines are trying to strike a balance between President Vladimir Putin's government and advocates of Ukraine pulling them in opposite directions.
Members of Russia's National Guard patrol Red Square in Moscow, Russia March 15, 2022.

Retreat From Russia Riddled With Risks For Western Banks

As they switch off the lights in Moscow, the world's top banks face a risk-ridden retreat, juggling obligations to anxious clients and staff while complying with sanctions that have rewritten the rules of doing business in Russia.
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British pound coins are seen in front of displayed stock graph in this illustration taken, November 9, 2021.

Investors Rein In Rate Hike Bets After BoE Softens Message

Investors scaled back their expectations for future Bank of England interest rate rises this year, sending British bond prices sharply higher, after the BoE hiked again on Thursday but softened its language about further tightening.
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Wall St Set To Dip After Fed-driven Rally

U.S. stock indexes were set to open lower on Thursday as investors assessed the Federal Reserve's hawkish stance in the face of surging inflation, while keeping a wary eye on developments around the Ukraine crisis.
Marked ingots of 99.99 percent pure gold are placed in a cart at the Krastsvetmet non-ferrous metals plant in the Siberian city of Krasnoyarsk, Russia March 10, 2022.

Gold Gains As Dollar, Treasury Yields Slip

Gold rose on Thursday after the U.S. Federal Reserve's first interest rate hike in three years bore no surprises, with gains underpinned by a drop in the dollar and U.S.
A man wearing a protective mask, amid the coronavirus disease (COVID-19) outbreak, walks past an electronic board displaying Japan's Nikkei index and various countries' stock market index prices outside a brokerage in Tokyo, Japan, February 22, 2022.

Stocks Steady After Fed Hike, BoE's Turn Next

Europe's stock markets consolidated strong gains made in Asia on Thursday, after China signalled more support for its spluttering economy and the Federal Reserve had pressed ahead with the first U.S.
A man wearing a protective mask, amid the coronavirus disease (COVID-19) outbreak, walks past an electronic board displaying Japan's Nikkei index and various countries' stock market index prices outside a brokerage in Tokyo, Japan, February 22, 2022.

Stocks Dip After Fed Bounce, BoE Adds A Twist

Wall Street was set to trim some of the strong gains made in Asia on Thursday, after China had signalled more support for its spluttering economy and both the Fed and Bank of England pressed on with interest rate hike plans.
A man wearing a protective mask, amid the coronavirus disease (COVID-19) outbreak, walks past an electronic board displaying Japan's Nikkei index and various countries' stock market index prices outside a brokerage in Tokyo, Japan, February 22, 2022.

Wall Street Stocks, Oil Prices Rise After Aggressive Fed Hike Outlook

Wall Street stocks rebounded from early session losses on Thursday as investors weighed economic implications of the Federal Reserve's surprisingly aggressive interest rate stance, while oil prices surged on supply shortage concerns arising from the Russia-Ukraine conflict.
Industrial facilities of PCK Raffinerie oil refinery are pictured in Schwedt/Oder, Germany, March 8, 2022. The company receives crude oil from Russia via the 'Friendship' pipeline.

Oil Surges Amid Warnings Of Supply Shortages

By Ahmad GhaddarLONDON -Oil prices climbed 6% on Thursday after the International Energy Agency (IEA) said three million barrels a day (bpd) of Russian oil and products could be shut in from next month and despite the U.S.

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