Russian rouble drops to record lows in Moscow amid fresh sanctions

(Reuters) -Russia's rouble tumbled to record lows in onshore trading on Wednesday despite measures by Moscow to shore up its battered economy and safeguard hard currency availability amid fresh economic sanctions triggered by its invasion of Ukraine.

newspaper

09-03-2022

Hilton to suspend development activity in Russia

Hilton Worldwide Holdings Inc said on Wednesday it would suspend all new development activity in Russia and had closed its corporate office in Moscow, following the invasion of Ukraine.

newspaper

09-03-2022

Third Point takes stake in Cano Health, pushes for company sale

BOSTON (Reuters) -Hedge fund Third Point LLC is pushing Cano Health to put itself up for sale because the senior-care facility operator's stock price has tumbled since it went public with a blank check company.

newspaper

09-03-2022

Vivendi's profits double, takes Telecom Italia writedown

Vivendi took a 728 million euro ($805 million) writedown on its stake in Telecom Italia in 2021, the French media group said on Wednesday, as it reported a doubling in core operating earnings over the same period.

newspaper

09-03-2022

Years of low U.S. consumer energy costs wane following Russian invasion

U.S. motorists, already dealing with a steep rise in spending on fuel as the economy rebounded from the coronavirus-induced recession, are now dealing with surging gasoline prices after Russia's invasion of Ukraine.

newspaper

09-03-2022

Japan likely to avert stagflation, says senior central banker

TOKYO (Reuters) -Japan is unlikely to slide into stagflation, a condition where rising inflation and shrinking economic growth co-exist, a senior central bank official said on Wednesday.

newspaper

09-03-2022

Bitcoin surges after Biden signs executive order on digital assets

Bitcoin soared on Wednesday after President Joe Biden signed an executive order that requires U.S. government agencies to assess the benefits and risks of creating a central bank digital dollar and other cryptocurrency issues.

newspaper

09-03-2022

UAE favors oil production increase - ambassador to U.S

(Reuters) -The United Arab Emirates (UAE) favors an oil production increase and will be encouraging OPEC to consider higher output, the UAE's ambassador to Washington said on Wednesday.

newspaper

09-03-2022