UBS has limited Russia exposure, but sees risks of unexpected increases
UBS’s (UBSG.S) direct exposure to Russia made up $634 million of the Swiss bank’s total emerging market exposure of $20.9 billion at the end of 2021, the bank said in its annual report.
Australia’s Macquarie to buy British motorway operator Roadchef
Australia’s Macquarie Group (MQG.AX) on Friday agreed to buy one of Britain’s top motorway service area (MSA) operator Roadchef from Antin Infrastructure Partners (ANTIN.PA), the latest in a series of deals by the financial conglomerate.
U.S. gasoline prices soar to highest since 2008 on Russia conflict -AAA
U.S. gasoline prices at the pump jumped 11% over the past week to the highest since late July 2008 as global sanctions cripple Russia’s ability to export crude oil after its invasion of Ukraine, automobile club AAA said on Sunday.
Analysis: Confusion, but not panic, reigns in global finance in Russia’s wake
Western allies’ sanctions against Russia have started to blow back in the form of large potential losses for their own banks, companies and investors, often in unexpected ways. In the past, such fires have been precursors to financial crises.
As world scrambles for oil, Canadian producers reluctant to spend on growth
The world is scrambling for oil after Russia’s invasion of Ukraine sent prices rocketing and upended global supply but producers in Canada, home to the world’s third-largest reserves, have no plans to significantly boost output.
Explainer: Russian banks isolated, UK cuts insurance ties with Moscow
Britain will ban Russian companies from London’s multi-billion dollar aviation and space insurance market, the latest restrictions Western allies are imposing to isolate Russia from international financial markets.
Bank of Italy says it is ending COVID-related relief measures for banks
The Bank of Italy said on Tuesday it would remove a number of relief measures on banking requirements that had been introduced to help lenders through the COVID-19 crisis.
Exclusive: U.S. utilities push White House not to sanction Russian uranium
The U.S. nuclear power industry is lobbying the White House to allow uranium imports from Russia to continue despite the escalating conflict in Ukraine, with cheap supplies of the fuel seen as key to keeping American electricity prices low, according to two sources familiar with the matter.
EXCLUSIVE Ford set to announce plans to run EV, ICE as separate businesses -sources
Ford Motor Co (F.N) on Wednesday will announce a reorganization under which its electric vehicle (EV) and internal-combustion engine (ICE) units will be run as separate businesses in a move to fast track growth in EVs, three people familiar with the plan said.
Exxon to exit Russia, leaving $4 bln in assets, Sakhalin LNG project in doubt
Exxon Mobil (XOM.N) on Tuesday said it would exit Russia oil and gas operations that it has valued at more than $4 billion and halt new investment as a result of Moscow’s invasion of Ukraine.
