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.
Russia hikes rate to 20% in emergency move, tells companies to sell FX
The Russian central bank raised its key interest rate to 20% from 9.5% on Monday in an emergency move, and authorities told export-focused companies to be ready to sell foreign currency as the rouble tumbled to record lows.
Asian shares rebound but markets eye long-term Russia-Ukraine risk
Asian markets rebounded on Friday following Wall Street’s surprising overnight reversal, as investors weighed the longer-term impact of tough Western sanctions against Russia after it
Analysis: Russia’s economic defences likely to crumble over time under sanctions onslaught
Russia has spent the past seven years building up formidable financial defences, yet in the long run, its economy is unlikely to withstand the onslaught of coordinated sanctions from the West.
World stocks bounce as investors eye Putin’s next steps in Ukraine
Global stocks broke a four-day slide on Wednesday and demand for safe-haven assets waned, with investors waiting to see Russian President Vladimir Putin’s next move after he sent troops into separatist regions of Ukraine.
U.S. to hold its biggest offshore wind auction
The United States will hold its biggest ever sale of offshore wind development rights on Wednesday, in an area covering nearly half a million acres off the coasts of New York and New Jersey.
EXCLUSIVE U.S. plans to cut ties with targeted Russian banks if Ukraine is invaded – sources
President Joe Biden’s administration has prepared an initial package of sanctions against Russia that includes barring U.S. financial institutions from processing transactions for major Russian banks, three people familiar with the matter said.
Markets brace for heavy falls as Russia-Ukraine crisis escalates
Investors were bracing for a torrid day for Russian, Ukrainian and wider global markets when they reopen on Tuesday, after Vladimir Putin upped the ante in a crisis the West fears could unleash a major war.
Morning Bid: A break in the storm clouds
Markets breathed a sigh of relief after the U.S. Secretary of State Antony Blinken agreed to a meeting with Russia’s Foreign Minister Sergei Lavrov, raising hopes of a diplomatic solution to the standoff over Ukraine.
G20 must push relief to avoid debt crises – experts, campaigners
Wealthy nations must improve their floundering flagship debt relief initiative or face a spate of debt crises in the developing world, experts and campaigners say as a meeting of finance chiefs of G20 major economies opened on Thursday.
