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08 Mar

Telecom Italia shares rebound as KKR bid hopes rekindled

MILAN (Reuters) -Shares in Telecom Italia (TIM) rebounded on Tuesday after an Italian newspaper reported that U.S. fund KKR was still interested in a takeover deal, albeit at a lower price.

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08 Mar

Top Glove shelves HK listing as Ukraine war roils markets

Malaysia's Top Glove Corp Bhd has postponed a plan to raise $347 million in a Hong Kong listing due to elevated market uncertainty after Russia's invasion of Ukraine, its managing director said on Tuesday, confirming an earlier Reuters report.

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08 Mar

Australian refiners cease purchase of Russian crude oil, voice support for Ukraine

Australian refiner Viva Energy said on Tuesday it would stop buying Russian crude oil, joining a growing number of companies to sever trade ties with the country over its invasion of Ukraine.

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08 Mar

U.S., Canada motorists weigh cuts to spending as gas prices surge

At a Kroger station in Atlanta, general contractor L.W. Boyd had two fuel spigots going at the same time - pumping diesel into two giant tanks in the bed of his Ford F150 truck - fearful that already-high gasoline prices will just keep rising.

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08 Mar

Japan unveils new sanctions on Russians, bans refinery equipment exports

TOKYO (Reuters) -Japan has frozen the assets of an additional 32 Russian and Belarusian officials and oligarchs following the invasion of Ukraine, the Ministry of Finance announced on Tuesday.

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08 Mar

Morgan Stanley backs cautious Fed rate hike as Ukraine crisis fuels inflation

Morgan Stanley urged the U.S. Federal Reserve on Tuesday to take a more cautious approach to raising interest rates as Russia's invasion of Ukraine spurs already sky-rocketing global inflation.

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08 Mar

Japan logs biggest current account deficit since 2014 as oil import costs surge

Japan recorded its largest current account deficit since the start of 2014 in January as a jump in oil import costs offset gains in investment incomes, with continuing uncertainty due to the Ukraine crisis and COVID-19 pandemic.

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