Oil drops 2% amid Russia Ukraine Peace Talks
Oil prices ended 2% lower on Tuesday as talks progressed between Russia and Ukraine to end their weeks-long conflict, though Moscow negotiators said a promise to scale down some military operations did not represent a ceasefire.
Allianz, Swiss Re join other Financial Firms in Turning from Russia
Allianz and Swiss Re said they were cutting back on Russian business as European financial institutions turn their backs on Russia.The German insurer and Swiss reinsurer join Deutsche Bank, Goldman Sachs and JPMorgan Chase which have exited Russia following its Feb. 24 invasion of Ukraine and subseq
These Companies are raising their Prices
The war in Ukraine has a drastic effect on the world economy. Prices are experiencing unprecedented increase due to the difficulty of getting access to raw material and fuel.
Ukraine War Bonds that pay 11% are a Risky Bet Investors want to Buy
Ukraine’s first batch of war bonds came with the promise of a double-digit payout and significant risk. Some retail investors were more than happy to take it on. War bonds have been used by governments to finance military spending for years. The U.S. financed its World War I efforts through th
Russia’s Sberbank faces
Closure after Savers
Demand Money
The European arm of Sberbank, Russia’s biggest lender, faces failure, the European Central Bank (ECB) warned, after a run on its deposits sparked by the backlash from Russia’s invasion of Ukraine.Western allies have taken unprecedented steps to isolate Russia’s economy and financia
U.S. Banks prepare for
Cyber-Attacks after
Russia Sanctions
U.S. banks are preparing for retaliatory cyber-attacks after Western nations slapped a raft of stringent sanctions on Russia for invading Ukraine, cyber experts and executives said.Tensions between Russia and the West escalated on Saturday as the United States and its allies moved to block some Russ
BP quits Russia in up to
US $ 25 B Hit
BP is abandoning its stake in Russian oil giant Rosneft in an abrupt and costly end to three decades of operating in the energy-rich country, marking the most significant move yet by a Western company in response to Moscow’s invasion of Ukraine.Rosneft accounts for around half of BP’s oi
Stocks sink, Oil surges as Russia attacks Ukraine
Global stocks and U.S. bond yields dived on Thursday, while the dollar, gold and oil prices rocketed higher as Russian forces fired missiles at several Ukrainian cities and landed troops on its south coast. Shortly after President Vladimir Putin said he had authorized what he called a special milita
S&P 500 confirms Correction as Stocks Stumble on War Fears
The S&P 500’s 1% slump confirmed that the world’s most watched stock index was in a correction for the first time since the 2020 Wall Street plunge brought on by the COVID-19 pandemic. U.S. investors sold stocks amid growing fears of war between Russia and Ukraine, paring some losse