World Bank Ukraine loan disbursement grows to 460 million euros-sources

A World Bank emergency cash disbursement to Ukraine will grow to 460 million euros ($509 million) with contributions from Sweden and the Netherlands, and will be submitted for board approval on Friday, two people familiar with the transaction said.

newspaper

04-03-2022

S.Korea Feb inflation accelerates to near decade high amid Ukraine crisis

South Korea's consumer inflation hovered near a decade high in February and stood above the central bank's 2% target for an 11th month, adding pressure on policymakers to raise interest rates amid surging oil prices due to the Russia-Ukraine crisis.

newspaper

04-03-2022

Grab shares crash as revenue plunges on promotions, driver incentives

Shares in Grab Holdings Ltd tumbled 37% on Thursday after Southeast Asia's no. 1 ride-hailing and food delivery firm posted a wider quarterly loss and a worse-than-expected drop in revenue, hit by promotional offers and higher driver incentives.

newspaper

03-03-2022

Japan's Jan jobless rate rises, job availability hits 21-month-high

Japan's jobless rate rose to 2.8% and a gauge of job availability grew to a 21-month-high in January, government data showed on Friday.

newspaper

03-03-2022

Wall Street ends lower as war in Ukraine stirs uncertainty

Wall Street ended lower on Thursday, with growth stocks including Tesla and Amazon losing ground as the Ukraine crisis kept investors on edge.

newspaper

03-03-2022

Sabre, Amadeus pull Russia's Aeroflot from ticket-booking systems

Travel booking software provider Sabre Corp said on Thursday it has terminated its distribution agreement with Aeroflot, hurting the Russian flag carrier's ability to sell tickets.

newspaper

03-03-2022

JPMorgan: Shock to Russian GDP will be akin to 1998 crisis

JPMorgan said on Thursday it expected Russia's economy to contract 35% in the second quarter and 7% in 2022 with the economy suffering an economic output decline comparable to the 1998 crisis.

newspaper

03-03-2022

Ben & Jerry's is sued by Israeli ice cream maker over boycott

Ben & Jerry's was sued on Thursday by its longtime Israeli ice cream manufacturer, which said the company illegally severed their 34-year relationship after halting sales in Israeli-occupied Palestinian territories.

newspaper

03-03-2022

Wall Street mixed as Russia's war on Ukraine stirs uncertainty

Wall Street's main indexes struggled for direction on Thursday, with growth stocks including Tesla and Advanced Micro Devices losing ground as the Ukraine crisis kept investors on edge.

newspaper

03-03-2022