TUSCALOOSA, Ala., March 15 (Reuters) – Mercedes-Benz AG (MBGn.DE) won’t cut spending on future electric vehicles even as it copes with supply-chain cost pressures exacerbated by the Russia-Ukraine conflict, the German automaker’s chief executive said on Tuesday. Ola Kaellenius, speaking during the company’s opening of its first US electric vehicle (EV) battery factory, also affirmed […]
Allianz says stopped insuring new business in Russia Swiss Re says not renewing business with Russian clients Europe’s securities regulator says ensuring orderly markets Deutsche changes position late on Friday FTSE Russell ejects four UK-listed, Russia-focused stocks FRANKFURT/LONDON/ZURICH, March 14 (Reuters) – Allianz (ALVG.DE) and Swiss Re (SRENH.S) said on Monday they were cutting back […]
A man walks out of a currency exchange office in Saint Petersburg, Russia January 26, 2022. REUTERS/Anton Vaganov Register now for FREE unlimited access to Reuters.com Register LONDON, March 11 (Reuters) – The cost of Russia’s invasion of Ukraine will become a lot clearer next week, with a previously unthinkable sovereign default looming, more emergency […]
Deutsche CEO says in Russia to serve multinational customers Deutsche CEO says exit ‘would go against our values’ Investors criticizes Deutsche’s Russia presence Deutsche Bank has said monitoring situation, may adapt CEO’s 2021 pay up 20% FRANKFURT, March 11 (Reuters) – Deutsche Bank (DBKGn.DE) faced stinging criticism from some investors and politicians on Friday for […]
March 9 (Reuters) – Nestle (NESN.S), Philip Morris (PM.N) and Imperial Brands (IMB.L) joined the list of multinationals stepping back from Russia on Wednesday as pressure mounts from consumers in the West to take a stand against the invasion of Ukraine. The world’s biggest packaged food group fell into line with rivals Procter & Gamble […]
Uniqlo’s Russian stores to stay open Danone suspends investments in country KPMG, PwC, EY, Deloitte all cut ties with local units American Express calls Ukraine attack ‘unjustified’ March 7 (Reuters) – Uniqlo owner Fast Retailing (9983.T) will keep its stores in Russia open, joining a small group of international firms that are staying put even […]
Brent, WTI jump to highest since 2008 US, Europe discuss banning Russian oil imports Iranian nuclear talks clouded by Russian demands US and Venezuela discussed oil sanctions LONDON, March 7 (Reuters) – Oil prices spiked to their highest levels since 2008 on Monday amid market supply fears as the United States and European allies considered […]
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