Crypto industry gripped by anxiety as bitcoin wobbles near key $20,000 level

Crypto industry gripped by anxiety as bitcoin wobbles near key $20,000 level

Representations of the Ripple, Bitcoin, Etherum and Litecoin virtual currencies are seen on a PC motherboard in this illustration picture, February 14, 2018. REUTERS/Dado Ruvic/File Photo Register now for FREE unlimited access to Reuters.com Register HONG KONG, June 20 (Reuters) – The cryptocurrency industry was on edge on Monday morning as investors feared contagion from … Read more

Russia’s Gazprom exits German business amid crisis in energy ties

Russia's Gazprom exits German business amid crisis in energy ties

Model of petrol pump is seen in front of Gazprom logo in this illustration taken March 25, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register LONDON, April 1 (Reuters) – Russia’s Gazprom (GAZP.MM) said on Friday it was quitting its business in Germany at a moment of crisis in the vital … Read more

Biden administration weighs largest ever draw from emergency oil reserve- sources

Biden administration weighs largest ever draw from emergency oil reserve- sources

A US postal worker puts his seatbelt on after filing up his vehicle at a gas station in Garden Grove, California, US, March 29, 2022. REUTERS/Mike Blake Register now for FREE unlimited access to Reuters.com Register WASHINGTON, March 30 (Reuters) – The Biden administration is considering releasing up to 180 million barrels of oil over … Read more

Russia steps up economic retaliation with Eurobond ruble buyback offer

Russia steps up economic retaliation with Eurobond ruble buyback offer

A Russian ruble banknote is seen in front of a descending and rising stock graph in this illustration taken March 1, 2022. REUTERS/Dado Ruvic Register now for FREE unlimited access to Reuters.com Register Eurobond ruble payment offer revives default fears Moscow does not say if bondholders must take rubles Russia has already demanded gas payments … Read more

Exclusive: China’s Sinopec pauses Russia projects, Beijing wary of sanctions

Exclusive: China's Sinopec pauses Russia projects, Beijing wary of sanctions

March 25 (Reuters) – China’s state-run Sinopec Group has suspended talks for a major petrochemical investment and a gas marketing venture in Russia, sources told Reuters, heeding a government call for caution as sanctions mount over the invasion of Ukraine. The move by Asia’s biggest oil refiner to hit the brakes on a potentially half-billion-dollar … Read more

Exclusive: Clients plead with top custodian banks to stay in Russia

Exclusive: Clients plead with top custodian banks to stay in Russia

Banks face mounting pressure to commit to custody roles Banks say they will meet existing client obligations Some clients afraid exits will follow as costs soar LONDON/NEW YORK, March 23 (Reuters) – Global banks including Citigroup Inc (CN), JPMorgan Chase & Co (JPM.N) and Societe Generale (SOGN.PA) face pressure to commit to remaining as custodian … Read more

Foreigners banned from selling Russian stocks as market set for limited reopening

Foreigners banned from selling Russian stocks as market set for limited reopening

March 23 (Reuters) – Russia plans to resume some stock trading on Thursday after a near month-long hiatus, with 33 ruble securities to be traded on the Moscow Exchange. Non-residents will have to wait, though – they will be barred from selling stocks and OFZ ruble bonds until April 1. Trading in blue chips, including … Read more

Nestle to suspend many products in Russia including KitKat

Nestle to suspend many products in Russia including KitKat

LONDON, March 23 (Reuters) – Nestle said on Wednesday it will halt the sale of several non-essential products including KitKat candy bars and Nesquik chocolate mix in Russia, in an unprecedented move amid pressure on the world’s top consumer goods company after criticism from Ukrainian President Volodymyr Zelenskiy. Nestle shares were down 1.3% at 1236 … Read more

EXCLUSIVE Moscow sets out strict new controls on foreigners trading Russian assets

EXCLUSIVE Moscow sets out strict new controls on foreigners trading Russian assets

Steam rises from chimneys of a heating power plan over the skyline of central Moscow, Russia November 23, 2020. REUTERS/Maxim Shemetov/File Photo Register now for FREE unlimited access to Reuters.com Register Russia temporarily stopped foreigners selling assets Foreigners now need to provide details before trading Applications for permits must be made in Russian language LONDON/NEW … Read more

Top auction houses cancel Russian art sales in London

Top auction houses cancel Russian art sales in London

LONDON, March 16 (Reuters) – Auction houses Christie’s, Sotheby’s and Bonhams have canceled sales of Russian art in London in June, part of the art market’s response to Western sanctions on Russia as punishment for its invasion of Ukraine. The auction houses hold sales of Russian art in June and November in a period known … Read more