 | | | | The closely watched two-year/10-year part of the U.S. Treasury yield curve briefly inverted on Tuesday, which in the past has indicated that a recession could start in one to two years. | | | | | | A Massachusetts judge on Wednesday dealt state securities regulators a major setback in their enforcement action against the online brokerage Robinhood by declaring the state's new fiduciary rule which underlies the case invalid. | | | | | | Microsoft Corp President Brad Smith wrote to Ukraine's leader this month with a clear message: despite Kyiv's calls for it to sever all ties with Russia, the U.S. software behemoth would continue doing business in the country with non-sanctioned clients, including schools and hospitals. | | | | | | Yevgeny Chichvarkin, a telecoms tycoon who fled Russia in 2008 and became a high-profile London restaurateur, has long been a vocal supporter of Ukraine. | | | | | | The U.S. and European equities rally wavered on Wednesday as investors reviewed economic and geopolitical risks, while oil prices jumped more than $2 on the prospect of more Russian sanctions. | | | | | | Russia plans to keep the contract currency for gas exports to Europe unchanged but will seek final payment in roubles as one of the options to switch the currency of gas trade, two Russian sources said on Wednesday. | | | | | | Russia has managed to avoid defaulting on its international debt so far despite unprecedented Western sanctions. But the task is getting harder and Moscow's threats to cut Europe's gas supply seems to be upping the ante further. | | | | | | Europe's plans to build stocks and ensure gas supplies for next winter could be upended if exports from Russia are halted in a standoff over payment terms, risking curbs on industrial use, analysts warned. | | | | | | Sabre Corp on Wednesday reported continued gains in leisure travel through March and the travel booking software provider said international and corporate bookings have accelerated since the start of the year. | | | | | | Profits at the world's biggest banks are expected to fall for the first time in seven quarters, dragged down mainly by a slowdown in mergers and acquisitions (M&A) activity and a decline in equity and debt issuance deals. | | | | | |
