The Russian rouble has risen by 7% to 83 against the dollar before paring gains, touching heights that were seen before its invasion of Ukraine. The Russian stock market has gradually reopened after it was suspended. In offshore trade, the… Read More ›
As per two Russian sources, Moscow plans on keeping the contract currency for gas exports to Europe unchanged but will seek final payment in roubles as one of the options to switch the currency of gas trade. “Only payment currency… Read More ›
As per a report by Russian daily Kommersant, Russian energy giant Gazprom is weighing options to halt gas supplies to “unfriendly” countries and is evaluating possible consequences. Earlier, Russian President Vladimir Putin has said, Moscow will soon require “unfriendly” countries to… Read More ›
In a significant development, Gita Gopinath, the IMF’s First Deputy Managing Director, said, Western sanctions against Russia threaten to gradually dilute the dominance of the U.S. dollar and is likely to result in a fragmented international monetary system. “The dollar… Read More ›
Inflation has risen over the world as a result of rising energy prices, triggering cost-of-living difficulties in both established and emerging economies. Al Mazrouei expressed worry at the World Government Summit in Dubai, UAE, that the global focus on geopolitics… Read More ›
According to a document of the European Central Bank, the ECB is prepared to organise a programme allowing millions of Ukrainian immigrants to exchange their hryvnia money for euros if the EU provides the bank with a guarantee that would… Read More ›
In a statement FedEx Corp said, it has named Raj Subramaniam, its operating chief, as its new CEO with effect from June 1, 2022. Subramaniam will succeed FedEx founder Fred Smith, who started the global delivery conglomerate in the 1970’s. Subramaniam,… Read More ›
In a significant development, Barclays is facing an estimated $592 million (450 million pound) loss and regulatory scrutiny for exceeding a U.S. limit on sales of structured products, some of which have surged in popularity following the Russian invasion of… Read More ›
In a statement Germany’s German economy and climate protection minister Robert Habeck said, energy ministers from the Group of Seven industrialized countries have rejected demands by Russian President Vladimir Putin to pay for Russian gas in Rubles. “All G7 ministers… Read More ›
As per two sources familiar with the matter at hand, CVC Capital Partners has submitted a non-binding expression of interest for a stake up to 49% in Telecom Italia’s (TIM) enterprise services arm. The non-binding approach targets a business of… Read More ›
