Thursday 24 February 2022

Reuters Business: Russia's biggest bank Sberbank says it is operating normally, studying sanctions

Russia's biggest bank Sberbank says it is operating normally, studying sanctions

Russia's biggest bank Sberbank said on Friday it was operating normally but was studying the implications of sanctions imposed against it after Russia's invasion of Ukraine.

Russian banks face exclusion in new round of sanctions

Britain and the United States targeted Russian banks on Thursday as part of a new package of sanctions following Moscow's invasion of Ukraine.

MP Materials reports higher profit as rare earth prices surge

U.S. rare earth miner MP Materials Corp on Thursday posted a higher fourth-quarter profit, helped by rising prices for the minerals used to make high-end electronics and weaponry.

EOG Resources posts higher profit as crude prices scale multi-year highs

U.S. shale oil firm EOG Resources Inc on Thursday reported a jump in fourth-quarter profit as crude prices soared to multi-year highs following a rebound in demand as the pandemic ebbs.

Dell revenue jumps on robust PC demand

Dell Technologies Inc surpassed market estimates for quarterly revenue on Thursday as the adoption of hybrid work models across the globe kept demand strong for its personal computers and notebooks.

Crypto exchange Coinbase's trading volumes surge on retail interest

U.S. cryptocurrency exchange Coinbase Global Inc on Thursday reported a surge in quarterly trading volumes on a sequential basis as volatility in prices drew in retail traders, but warned that growth would slow in the current quarter.

Beyond Meat shares fall on lower than expected revenue forecasts

Beyond Meat Inc forecast annual revenue below estimates on Thursday, as the plant-based business pioneer wrestles with labor and supply chain disruptions and faces stiff competition in the United States.

Wall St rallies as West hits Russia with new sanctions

U.S. stocks ended sharply higher on Thursday, led by a 3% gain in the Nasdaq, in a dramatic market reversal as U.S. President Joe Biden unveiled harsh new sanctions against Russia after Moscow began an all-out invasion of Ukraine.

Global central banks were on the same page. Ukraine may reshape that

The well-scripted turn by global central banks towards tighter, post-pandemic monetary policy has been thrown into doubt by Russia's invasion of Ukraine, a geopolitical upheaval likely to be felt differently across the world's major economic centers even as it poses some common risks to global growth.

ADM shuts Ukraine grains terminal, crush plant, other facilities after Russia invasion

U.S. agricultural commodities trader Archer-Daniels-Midland Co said on Thursday it has shuttered its facilities in Ukraine, including an oilseed crush plant and a grain export terminal, after the country was invaded by Russia.

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