Top Glove shelves HK listing as Ukraine war roils markets

Malaysia's Top Glove Corp Bhd has postponed a plan to raise $347 million in a Hong Kong listing due to elevated market uncertainty after Russia's invasion of Ukraine, its managing director said on Tuesday, confirming an earlier Reuters report.

newspaper

08-03-2022

U.S., Canada motorists weigh cuts to spending as gas prices surge

At a Kroger station in Atlanta, general contractor L.W. Boyd had two fuel spigots going at the same time - pumping diesel into two giant tanks in the bed of his Ford F150 truck - fearful that already-high gasoline prices will just keep rising.

newspaper

08-03-2022

Morgan Stanley backs cautious Fed rate hike as Ukraine crisis fuels inflation

Morgan Stanley urged the U.S. Federal Reserve on Tuesday to take a more cautious approach to raising interest rates as Russia's invasion of Ukraine spurs already sky-rocketing global inflation.

newspaper

08-03-2022

Australian refiners cease purchase of Russian crude oil, voice support for Ukraine

Australian refiner Viva Energy said on Tuesday it would stop buying Russian crude oil, joining a growing number of companies to sever trade ties with the country over its invasion of Ukraine.

newspaper

08-03-2022

Japan unveils new sanctions on Russians, bans refinery equipment exports

TOKYO (Reuters) -Japan has frozen the assets of an additional 32 Russian and Belarusian officials and oligarchs following the invasion of Ukraine, the Ministry of Finance announced on Tuesday.

newspaper

08-03-2022

Japan logs biggest current account deficit since 2014 as oil import costs surge

Japan recorded its largest current account deficit since the start of 2014 in January as a jump in oil import costs offset gains in investment incomes, with continuing uncertainty due to the Ukraine crisis and COVID-19 pandemic.

newspaper

08-03-2022

Japan bank lending growth slows to decade-low as pandemic-induced strain eases

TOKYO (Reuters) -Japan's bank lending rose at the slowest increase in a decade in February as immediate pressure for corporates to borrow cash continued to ease amid a broader economic recovery from the pandemic slump.

newspaper

08-03-2022

Oil, commodities surge amid selloff in global shares

Oil and other commodities prices soared while global shares tanked on Monday as the United States said it was willing to ban Russian oil imports, stoking investor fears over inflation and slowing economic growth.

newspaper

07-03-2022

P&G ending new capital investments, reducing portfolio in Russia

NEW YORK (Reuters) -Procter & Gamble Co is ending all new capital investments in Russia and "significantly reducing" its portfolio to focus on basic hygiene, health and personal care items, CEO Jon Moeller said in a letter to employees posted on its website on Monday.

newspaper

07-03-2022