Friday, 11 March 2022

Reuters Business: Increased mining supply pushing Peruvian currency higher -cenbank

Increased mining supply pushing Peruvian currency higher -cenbank

A greater supply of dollars from the mining sector in Peru - the world's No. 2 copper producer - is pushing up the local sol currency, which has risen around 7% this year, the central bank said on Friday.

Wall Street slumps in broad swoon to end bumpy week

Major U.S. stock indexes stumbled on Friday as tech and growth shares led a broad decline and investors worried about the conflict in Ukraine while attention turned to the Federal Reserve's policy meeting next week.

Speculators' net long bets on U.S. dollar edge higher -CFTC, Reuters

Speculators' net long bets on the U.S. dollar edged higher in the latest week, according to calculations by Reuters and U.S. Commodity Futures Trading Commission data released on Friday.

World shares drop on Ukraine conflict, looming U.S. rate hikes

World shares slid on Friday, pressured by uncertainty about the conflict in Ukraine and expectations the Federal Reserve will hike U.S. interest rates next week.

Sony Pictures Entertainment has paused business operations in Russia

Sony Pictures Entertainment said Friday that it has paused business operations in Russia, two weeks after the studio suspended theatrical releases in the country.

Deutsche Bank to wind down Russia business

Deutsche Bank said on Friday that it would wind down its business in Russia.

BlackRock Russia exposure down $17 billion since February, company data shows

BlackRock Inc's total client exposure to Russia has declined to less than $1 billion from $18 billion a month ago, before Moscow's invasion of Ukraine led to Western sanctions and the closure of the Russian stock market, according to figures supplied by the asset manager on Friday.

EXCLUSIVE Sri Lanka to start talks with IMF as economic crisis worsens - sources

Sri Lanka will begin talks with the International Monetary Fund (IMF) next month on a plan to help the crisis-hit country, where a foreign exchange shortage has squeezed essential imports amid looming debt payments, three sources said on Friday.

U.S. DOJ extends monitor of Deutsche Bank for late reporting of DWS allegations

Deutsche Bank on Friday disclosed that it had agreed with the U.S. Department of Justice to extend the stay of a special monitor after it failed to report allegations involving its DWS funds unit in a timely manner.

Tobacco group BAT to exit Russia, cuts 2022 outlook

Camel and Lucky Strike cigarette maker British American Tobacco Plc said on Friday it would exit Russia and cut its fiscal 2022 guidance as a result, the latest company to leave the country due to worries about the safety of its employees.

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