 | | | | The European Union said on Wednesday it was stepping up sanctions over Russia's invasion of Ukraine, including targeting more Russian individuals and adding banks in Moscow's ally Belarus. | | | | | | Italy's UniCredit and France's BNP Paribas reassured anxious investors on Wednesday over their respective Russian exposures, despite detailing billions of euros in potential costs from the financial shockwaves of Moscow's invasion of Ukraine. | | | | | | U.S. President Joe Biden will sign an executive order on Wednesday requiring the government to assess the risks and benefits of creating a central bank digital dollar, as well as other cryptocurrency issues, administration officials said. | | | | | | Bitcoin surged on Wednesday ahead of an executive order that U.S. President Joe Biden will sign on digital assets which is likely to raise the legitimacy of virtual currencies in the U.S. financial system. | | | | | | Utah-based cryptocurrency exchange CoinZoom is pausing applications for new accounts within Russia following the country's escalating conflict in Ukraine, the company's chief executive officer told Reuters. | | | | | | Italy's second-biggest bank UniCredit said a full write-off of its Russian business, including cross-border exposure, would cost around 7.4 billion euros ($8.1 billion), leaving its capital distribution plans hanging by a thread. | | | | | | A rate hike cycle that started last year and low valuations had already made Latin America a darling destination for investors in 2022, and the Russian invasion of Ukraine is likely to keep cash flowing to the commodity-exposed region. | | | | | | Russia faces further economic sanctions, as European officials prepared to meet on Tuesday to debate new restrictions, and more investors withdrew from the country. | | | | | | U.S. President Joe Biden is expected to sign a long-awaited executive order this week directing the Justice Department, Treasury and other agencies to study the legal and economic ramifications of creating a U.S. central bank digital currency, a source familiar with the matter said on Monday. | | | | | | Russia will be excluded from all of JPMorgan's fixed income indexes on March 31, the bank said in a statement on Monday, joining rival index providers that had excluded Russian securities from their indexes after Moscow's invasion of Ukraine. | | | | | |
