March 14, 2022 11:14 am
YouTube said last week that it would impose a ban on Russian state-funded media channels globally. Russian state media has been publishing articles and coverage that depicted Ukraine as an aggressor and a nuclear threat since before Russia’s military forces invaded the country in late February. Previously, YouTube had blocked media channels such as RT […]
Read moreMarch 14, 2022 9:34 am
USD/RUB remained mostly steady during the Moscow trading session on Monday, as markets were expecting the next round of negotiations between Russia and Ukraine due to begin at 10:30 a.m. Kyiv time (08:30 GMT). USD/RUB was 0.74% stronger to trade at 115.1000 in Moscow, while offshore, the currency pair was retreating 11.18% on Monday to […]
Read moreMarch 11, 2022 11:41 am
Volvo Car Group (VOLCARb) said on Friday that it intended to set up a tech hub in Sweden’s capital of Stockholm in an attempt to achieve its objective to sell at least half of its vehicles online. The new facility will host more than 700 employees with skills in fields such as data science, software […]
Read moreMarch 11, 2022 9:33 am
Spot Gold was a notch weaker on Friday, pressured by higher US Treasury yields after red-hot CPI inflation numbers reported yesterday. US 10-year bond yields soared overnight after the latest report by the Bureau of Labor Statistics showed annual consumer price inflation had accelerated to 7.9% in February, in line with market expectations and also […]
Read moreMarch 10, 2022 1:22 pm
Sony Group Corp’s (6758) gaming unit and Nintendo Co Ltd (7974) said earlier this week they had halted shipments of software and hardware to Russia after its incursion into Ukraine. Sony Interactive Entertainment, the manufacturer of the PlayStation 5 gaming console, announced the suspension of “Gran Turismo 7” racing game’s launch and PlayStation Store operations […]
Read moreMarch 10, 2022 9:34 am
Futures on US West Texas Intermediate Crude Oil rebounded on Thursday after an over 12% decline in the prior session, the biggest single-day drop since November, as market players were weighing if key oil producers would increase supply to fill the output gap stemming from sanctions on Russia after its incursion into Ukraine. Russia is […]
Read moreMarch 9, 2022 10:15 am
The China Passenger Car Association said earlier this week Tesla Inc (TSLA) had sold 56,515 China-produced vehicles in February. That followed 59,845 China-made vehicles sold in January. Tesla is manufacturing Model 3 sedans and Model Y Sport-utility vehicles at its Shanghai facility. The CPCA said China-based passenger car sales totaled 1.27 million units in February, […]
Read moreMarch 9, 2022 8:11 am
Boeing Co (BA) said earlier this week it had halted titanium purchases from Russia. “Boeing has a significant stock of titanium, in particular thanks to Boeing’s initiative for the creation of a pool of suppliers around the world that has been underway for several years. Boeing has currently suspended titanium purchases from Russia. Titanium stocks […]
Read moreMarch 8, 2022 10:01 am
AUD/USD extended a pullback from recent 4-month peak on Tuesday, as sky-high commodity prices fueled inflation risks. Market players are beginning to perceive way too high commodity prices as a potential drag on global economic growth in a longer term. JP Morgan now forecasts a slowdown in global growth to 2.6% during the first six […]
Read moreMarch 8, 2022 7:05 am
Visa (V) and Mastercard (MA) said in separate statements that they had suspended operations in Russia due to Moscow’s decision to invade Ukraine. Visa said that, effective immediately, it would work with its clients and partners within Russia to discontinue all transactions over the upcoming days. Meanwhile, Mastercard’s decision follows the company’s recent action to […]
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