Ukraine
Nickel falls 12% to hit limit down again on London Metal Exchange
Traders, brokers and clerks on the trading floor of the open outcry pit at the London Metal Exchange in London, U.K., on Monday, Feb. 28, 2022. Chris J. Ratcliffe | Bloomberg | Getty Images LONDON — The benchmark three-month nickel contract fell 12% on Friday morning to hit a new trading limit, as heavy selling […]
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Putin’s next target may be Eastern Europe’s Moldova, analysts warn
Noul Neamt Monastery in Chitcani, Moldova, an area controlled by breakaway Transnistrian authorities. Pablo Bonfiglio | Moment | Getty Images Three weeks into the war in Ukraine, as Russia faces staunch and seemingly unexpected resistance on the ground, analysts have warned that President Vladimir Putin may be considering his next target: Moldova. A landlocked Eastern […]
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‘Scum and traitors’: Under pressure over Ukraine, Putin turns his ire on Russians
LONDON — Anyone looking for signs that embattled and isolated Russia might soften its position would not have found much hope in the increasingly belligerent words of President Vladimir Putin. With his invasion of Ukraine floundering and his economy teetering, Putin doubled down Wednesday, turning his baleful glare on Russians who are against the invasion or who sympathize with […]
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Nickel falls 8% to hit limit down in chaotic trade on London Metal Exchange
LONDON — The benchmark three-month nickel contract fell 8% on Thursday morning to hit its new trading limit, as heavy selling continued in metal markets. The price hit $41,945 a metric ton as it opened for trade, according to Refinitiv data. Nickel prices more than doubled in a matter of hours on March 8, climbing above $100,000 […]
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Burger King partner in Russia refuses to close 800 locations, as fast-food chain moves to divest
A man holds meals from the Burger King restaurant on May, 15, 2020 in Dedovsk, Russia. Mikhail Svetlov | Getty Images Burger King is moving to divest its 15% stake in its Russian business, but the burger chain said it can’t legally suspend operations in the market right away. The Restaurant Brands International chain announced […]
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Audi expects ‘tremendous interference’ to global supply chain due to Russian-Ukraine war
DETROIT – Audi expects the war in Ukraine to cause “tremendous interference” to the global supply chain, an executive with the German luxury brand said Thursday. The comments come as automakers globally, including Audi and its Volkswagen parent company, attempt to maintain supply chains of crucial parts such as semiconductor chips and wire harnesses that […]
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Gramercy Funds CIO on emerging markets investing amid the Russia war, including Ukrainian bonds
(Click here to subscribe to the Delivering Alpha newsletter.) Emerging markets, specifically those in Eastern Europe, have been whipsawed amid the ongoing Russia-Ukraine conflict. With sanctions in place and Russia’s hard default deadline approaching in April, investors are particularly focused on the region’s sovereign debt — an area that Gramercy Funds has specialized in since its inception […]
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Stocks making the biggest moves midday: Dollar General, Occidental Petroleum, Guess and more
A customer enters a Dollar General Corp. store in Colona, Illinois, U.S., on Wednesday, Sept. 10, 2014. Daniel Acker | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Dollar General — Shares of the discount retail chain gained 2.8% despite a weaker-than-expected fourth-quarter report. Dollar General reported $8.65 billion in […]
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Fate of hundreds of civilians in bombed Mariupol theater unclear; Ukraine’s Zelenskyy calls out German lawmakers
U.S. Defense Secretary Austin says enforcing a no-fly zone would mean ‘combat’ with Russia U.S. Secretary of Defence Lloyd Austin and Slovakia’s Defence Minister Jaroslav Nad attend a news conference in the Ministry of Defence of the Slovak Republic in Bratislava, Slovakia, March 17, 2022. Radovan Stoklasa | Reuters U.S. Defense Secretary Lloyd Austin reiterated […]
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Russia claims to have ordered crucial bond payment as it seeks to avoid historic debt default
Russian President Vladimir Putin talks to Finance Minister Anton Siluanov during the EEU Summit meeting on December 20, 2019 in Saint Petersburg, Russia. Mikhail Svetlov | Getty Images News | Getty Images Russia made payments on its sovereign bonds in dollars on Thursday and that money would be distributed to bondholders, according to a report […]
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