Monday 21 March 2022

Reuters Global Investor: Ukraine crisis another nudge for joint EU bonds

Ukraine crisis another nudge for joint EU bonds

The path to permanent joint bond sales by euro zone governments will be long and bumpy, but Russia's invasion of Ukraine may have helped clear the way.

Rouble steadies near 104 vs dollar, volatile OFZ bonds resume trading

The Russian rouble steadied near 104 to the dollar on Monday and OFZ treasury bonds returned to trading in volatile fashion, while investors kept an eye on Russia's ability to service state debt and pay coupon on its Eurobond.

Buffett deepens insurance exposure with $11.6 bln Alleghany deal

Warren Buffett's Berkshire Hathaway Inc has struck an $11.6 billion deal to buy Alleghany Corp , the owner of reinsurer TransRe, just weeks after the 91-year-old billionaire bemoaned the lack of good investment opportunities.

Britain aligns with EU on Basel bank capital rules

The Bank of England said on Monday that it planned to implement a final set of post-financial crisis capital requirements for banks from January 2025, bringing Britain in line with the European Union in a move that banks will welcome.

Euroclear joins bank-backed blockchain payment system

Securities settlement house Euroclear said on Monday it had joined a consortium of banks building a payment system for tokenised assets in the latest sign of established institutions teaming up with newcomers in crypto tech.

Wall St Week Ahead After sizzling rebound, investors weigh whether stocks have more bounce

Wall Street stormed back this week after absorbing a long-awaited rate hike from the Federal Reserve, leaving investors to determine whether stocks are set for a sustained rebound or more turbulence.

DIY investors eye quick buck in 'uninvestable' Russia

While the West's big investors have ditched Russia in recent weeks, one small group of armchair investors sees a bargain and is shrugging off any ethical qualms.

Russia's Sberbank says sanctions limiting some forex transfers in Russia and abroad

Russia's largest lender Sberbank on Friday said sanctions on its operations meant its customers would be unable to transfer funds in certain foreign currencies to accounts at other banks, both in Russia and abroad.

Norway economy faces negative impact from Ukraine war, statistics agency says

The Norwegian economy has recovered from the coronavirus pandemic but now faces a negative impact from Russia's invasion of Ukraine, Statistics Norway (SSB) said as it released fresh forecasts on Friday.

Polish central bank programme to allow Ukrainians to convert cash

Ukrainians in Poland will be able to convert hryvnia bank notes into Polish zlotys from the middle of next week as part of a programme involving the central bank, the National Bank of Poland said on Thursday, in a boost for refugees who have faced difficulties exchanging money.

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