Month: March 2022

Reuters broke news that Austria’s Raiffeisen Bank International is looking into leaving Russia, a move that would make it the first European bank to do so since the country’s invasion of Ukraine. Such a decision is not imminent, but could be triggered if the bank’s businesses in those countries need further cash or capital. The […]

Reuters was first to report that Russia’s central bank more than doubled its key policy rate on Monday and introduced some capital controls, as it scrambled to shield the economy from unprecedented Western sanctions that had sent the rouble tumbling to record lows. The main interest rate will rise to 20%, its highest this century, […]

Reuters was first to report that Vladimir Putin had authorized a ‘special military operation’ against Ukraine on Thursday morning to eliminate what he called a serious threat, saying his aim was to demilitarize Russia’s southern neighbor. Stock markets around the world were hit hard. Oil jumped above $100 for the first time since 2014, and […]

Reuters exclusively reported that Germany’s finance agency has stepped in to ease a bond shortage that developed in the overnight lending market in a sign of stress, following the European Central Bank’s hawkish pivot and more recently the Ukraine-Russia crisis. A deepening scarcity of German government bonds, widely used as collateral against repo loans, had […]

Reuters broke news over the weekend on the launch of Donald Trump’s new social media venture, Truth Social. Reuters exclusively reported key details on how the app works and what wasn’t working a week before the launch. The reporting, based on beta testers of the app invited to the service a week before the launch, […]

Reuters exclusively reported that Indian traders have contracted to import a record 100,000 tonnes of soyoil from the United States because of limited supplies from drought-hit South America, at a time when prices of rival palm oil are scaling record highs. The higher purchases from the United States are expected to support U.S. soy oil prices, […]

Reuters was first to report that the European Central Bank (ECB) was preparing banks for a possible Russian-sponsored cyberattack as tensions with Ukraine mount. The stand-off between Russia and Ukraine has rattled Europe’s political and business leaders, who fear an invasion that would inflict damage on the entire region. The report was confirmed the following […]

Reuters revealed that the drugmaker has only delivered a small fraction of the 2 billion COVID-19 vaccines it has promised to governments worldwide and has delayed shipments expected in the first quarter to the European Union, Indonesia and the Philippines. The story, with reporting from the United States, Europe and Asia, also revealed how far […]

Reuters exclusively reported that European buyout firm EQT is working with advisers to prepare the sale of French water management firm Saur in a deal that could value France’s third-biggest water firm at about 3 billion euros ($3.43 billion). EQT has hired Rothschild to sound out prospective bidders for its 70% stake in Saur ahead of an […]