JPMorgan’s Dimon warns of possible $1 billion Russia loss

Dimon concerned about secondary impact of Ukraine conflict Dimon calls for increased US military presence in Europe Dimon urges revamp of US supply chain Fed rate hikes could be higher than market expectations -Dimon NEW YORK, April 4 (Reuters) – JPMorgan (JPM.N) could lose about $1 billion on its Russia exposure, Chief Executive Jamie Dimon … Read more

Lithuanian documentary maker Kvedaravicius killed in Ukraine’s Mariupol

VILNIUS, April 3 (Reuters) – Lithuanian film director Mantas Kvedaravicius was killed on Saturday in Mariupol, the Ukrainian city whose fate he had documented for many years, according to the Ukrainian Defense Ministry and a colleague. “While (he was) trying to leave Mariupol, Russian occupiers killed Lithuanian director Mantas Kvedaravicius,” the ministry’s information agency tweeted … Read more

EXCLUSIVE US warned firms about Russia’s Kaspersky software day after invasion -sources

US government privately briefed American companies on software Kaspersky says briefings unjust and damages its reputation March 31 (Reuters) – The US government began privately warning some American companies the day after Russia invaded Ukraine that Moscow could manipulate software designed by Russian cybersecurity company Kaspersky to cause harm, according to a senior US official … Read more

Russia steps up economic retaliation with Eurobond ruble buyback offer

A view shows Russian ruble coins in this picture illustration taken October 26, 2018. Picture taken October 26, 2018. REUTERS/Maxim Shemetov Register now for FREE unlimited access to Reuters.com Register Eurobond ruble payment offer revives default fears Moscow does not say if bondholders must take rubles Russia has already demanded gas payments in rubles Move … Read more

War in Ukraine causes German business morale to collapse

The skyline with the banking district is photographed in Frankfurt, Germany, September 22, 2021. REUTERS/Kai Pfaffenbach Register now for FREE unlimited access to Reuters.com Register BERLIN, March 25 (Reuters) – German business morale plummeted in March as companies worried about rising energy prices, driver shortages and the stability of supply chains in the wake of … Read more

EXCLUSIVE Clients plead with top custodian banks to stay in Russia

Banks face mounting pressure to commit to custody roles Banks say they will meet existing client obligations Some clients afraid exits will follow as costs soar LONDON/NEW YORK, March 23 (Reuters) – Global banks including Citigroup Inc (CN), JPMorgan Chase & Co (JPM.N) and Societe Generale (SOGN.PA) face pressure to commit to remaining as custodian … Read more

Foreigners banned from selling Russian stocks as market set for limited reopening

March 23 (Reuters) – Russia plans to resume some stock trading on Thursday after a near month-long hiatus, with 33 ruble securities to be traded on the Moscow Exchange. Non-residents will have to wait, though – they will be barred from selling stocks and OFZ ruble bonds until April 1. Trading in blue chips, including … Read more

Nestle to suspend many products in Russia including KitKat

LONDON, March 23 (Reuters) – Nestle said on Wednesday it will halt the sale of several non-essential products including KitKat candy bars and Nesquik chocolate mix in Russia, in an unprecedented move amid pressure on the world’s top consumer goods company after criticism from Ukrainian President Volodymyr Zelenskiy. Nestle shares were down 1.3% at 1236 … Read more

Ukraine band adds new meaning to Clash hit with ‘Kyiv Calling’

The members of the Ukrainian band Beton, Bohdan Hrynko, Andriy Zholob and Oleg Hula, pose for a picture while getting ready to go to a studio in Lviv to record their single Kyiv Calling, in this undated handout picture obtained March 19, 2022. Beton band/Handout via REUTERS Register now for FREE unlimited access to Reuters.com … Read more

Halliburton, Schlumberger draw back from Russia amid US energy sanctions

Halliburton’s booth is seen at the World Petroleum Congress, in Houston, Texas, US December 6, 2021. REUTERS/Sabrina Valle Register now for FREE unlimited access to Reuters.com Register March 18 (Reuters) – US oilfield services companies Halliburton Co (HAL.N)and Schlumberger said on Friday they havesuspended or halted Russia operations in response to US sanctions over Moscow’s … Read more