Friday, 25 March 2022

Reuters Business: New York state pension fund to divest Russia holdings

New York state pension fund to divest Russia holdings

New York's public pension fund, one of the largest pension funds in the United States, will divest its holdings in Russian companies following Russia's invasion of Ukraine, state comptroller Thomas DiNapoli said on Friday.

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

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.

Not 'sitting on its hands,' U.S. to up pressure on China, trade czar Tai says

The United States is done "sitting on its hands" and will more actively pressure China, the world's second largest economy, to change trade practices that Washington believes distort the market, top U.S. trade negotiator Katherine Tai said.

Costs of going unvaccinated in America are mounting for workers and companies

Nearly a year after COVID vaccines became freely available in the U.S., one fourth of American adults remain unvaccinated, and a picture of the economic cost of vaccine hesitancy is emerging.

S&P 500 ends higher; financials gain with Treasury yields

The benchmark Treasury yield jumped to its highest in nearly three years.

Wall Street Week Ahead Investors shelter from twin declines in U.S. stocks, bonds

Side-by-side declines in U.S. equity and fixed income markets are pushing investors into cash, commodities and dividend-paying stocks as geopolitical uncertainty and worries over a hawkish Federal Reserve rock asset prices.

War in Ukraine causes German business morale to collapse

German business morale plummeted in March as companies worried about rising energy prices, driver shortages and the stability of supply chainsin the wake of the war in Ukraine,pointing to a possible future recession, a survey showed on Friday.

Exclusive: Sierra Space taps Boeing veteran as CFO after hefty capital raise -sources

Months after receiving a major infusion of capital, Sierra Nevada Corp's space unit, Sierra Space, has tapped a veteran Boeing Co executive to helm its finances as it races to develop its flagship space plane and studies a public offering, two people familiar with the matter said.

U.S. FCC adds Kaspersky Lab, China telecom firms to national security threat list

The Federal Communications Commission (FCC) on Friday added Russia's AO Kaspersky Lab, China Telecom (Americas) Corp and China Mobile International USA to its list of communications equipment and services deemed a threat to U.S. national security.

Mexico's Aeromexico rents nine Boeing planes in deal with Air Lease

Mexican airline Aeromexico has reached an agreement to rent nine Boeing planes, Air Lease Corporation said on Friday, expanding the carrier's fleet as it emerges from Chapter 11 bankruptcy.

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