 | | | | Wall Street's main indexes fell sharply on Monday, with the Nasdaq Composite confirming it was in a bear market, as the prospect of a ban on oil imports from Russia sent crude prices soaring and fueled concerns about rising inflation. | | | | | | Norway's $1.3 trillion wealth fund on Monday put India's Adani Ports under observation, for possible exclusion from its investments, for the company's involvement in building a port terminal in military-ruled Myanmar, it said in a statement. | | | | | | Argentine bonds fell on Monday as a new $45 billion deal with the International Monetary Fund (IMF) started to move through Congress, with the crisis in Ukraine hitting investor sentiment as well as doubts about the country's economic outlook. | | | | | | The United States on Monday warned financial institutions to watch out for potential Russian sanctions evasion attempts following rafts of sanctions imposed by Washington on Russia over its invasion of Ukraine. | | | | | | Beaten-down Russian assets are looking attractive to some, with JPMorgan strategists touting the bonds of Russian companies with significant international operations as the best way to profit from distressed pricing, while two banking sources said that loans of Russian corporates had been offered at a steep discount. | | | | | | Global financial conditions, perceived as strongly correlated with future growth, are at the tightest in two years, driven by soaring energy prices, sliding stocks and the market fallout from the Ukraine-Russia conflict. | | | | | | Soaring grain prices in the wake of Russia's attack on Ukraine are hurting Brazilian meatpackers, but trade disruptions facing Ukrainian and Russian meat producers may be an opportunity to boost Brazil's share in global trade, industry sources said. | | | | | | The Inter-American Development Bank plans to divest Russian holdings in its pension plans and remove Russia's ability to observe the bank's annual meetings, a source familiar the matter said. | | | | | | The outlook for Peru's economy is "very uncertain and downside risks prevail" despite a strong rebound in gross domestic product growth (GDP) last year, the International Monetary Fund (IMF) said in a report published on Monday. | | | | | | Corporate actions to censure Russia after its invasion of Ukraine vary widely and include some measures required by law and some voluntary, with comments ranging from harsh condemnations to more measured promises to review business in the country. | | | | | |
