By Shadia Nasralla, Benjamin Mallet and Michel Rose LONDON (Reuters) – France’s TotalEnergies cuts a lone figure clinging to its Russian investments during the mass exodus of Western oil majors from the country following the invasion of Ukraine, although no sanctions have forced such divestments. “For existing assets, the company says it will respect European … Read more
Extensive Western sanctions create a minefield for investors Exxon faces a “complicated process” on its way out SocGen warned that he may be deprived of Russian assets Toyota stops production, Pirelli’s Russian plants continue Banks count every change in the cost of the penalties March 4 (Reuters) – Russia said it would block Facebook for … Read more
By Brenna Hughes Neghaiwi and Saeed Azhar ZURICH (Reuters) – Swiss wealth manager Julius Baer has halted any new business with wealthy Russians, two sources familiar with the bank’s operations said, as European lenders try to limit their exposure to the Russian elite. amid the tightening of sanctions. Wealth managers in Europe have tried to … Read more
The war in Ukraine, and its fallout, remain central to the markets. How much more pain is the Russian economy about to hit? Can oil rise even higher? US inflation data is available Thursday, the same day the European Central Bank holds a crucial policy meeting. Here’s your week ahead in markets from Kevin Buckland … Read more
Man and Abrdn cut Russia’s positions Liontrust suspends trading in the Russia fund Austrian RBI plans to leave Russia – sources Visa, Mastercard blocks many in Russia The German watchdog keeps an eye on VTB’s European arm LONDON, March 1 (Reuters) – Russia said Tuesday it will temporarily put a stop to foreigners seeking to … Read more
MILAN (Reuters) – The escalation of financial sanctions against Russia after the invasion of Ukraine has put European credit institutions in turmoil. The European arm of Sberbank, Russia’s largest lender, faces bankruptcy, the European Central Bank (ECB) warned on Monday after a run in its deposits triggered by the backlash of the Russian invasion of … Read more
LONDON (Reuters) – Global fund managers cut their Russian investments as they prepared for the country’s invasion of Ukraine. Now even the hopes of a truce have been dashed. The ruble weakened nearly 7% to all-time lows and there were record drops of 30% on the Moscow stock exchange after Russian forces invaded Ukraine in … Read more
Prince Harry renews the lease of his home in the UK. The Duke of Sussex said last week that he no longer feels “safe” in Britain due to problems with his security arrangements and although he and his wife Meghan, Duchess of Sussex, have made a new life in California after having stepped back as … Read more
Prince Harry renews the lease of his home in the UK. The Duke of Sussex said last week that he no longer feels “safe” in Britain due to problems with his security arrangements and although he and his wife Meghan, Duchess of Sussex, have made a new life in California after having stepped back as … Read more
Prince Harry “doesn’t feel safe” in the UK. The Duke of Sussex and his wife Meghan, Duchess of Sussex, moved to California when they stepped down as senior royals in early 2020 and although the 37-year-old prince insisted on Britain “it is and always will be his home”, ha is reluctant to visit again because … Read more