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Russia gets more support in war against Ukraine
11:26am, Thursday, 03'rd Mar 2022 Daily Post Nigeria
Russia is now banking on the support of a small group of countries in the West such as Cuba, Nicaragua and Venezuela. These supports became very clear at Wednesday’s emergency session of the United Nations General Assembly, UNGA. Cuba, Nicaragua, El Salvador and Bolivia joined several dozen other countries in abstaining during a vote to condemn Russia’s invasion of Ukraine. The votes also included the demand for Moscow to withdraw its troops “immediately, completely and unconditionally,” from Ukraine. Venezuela could not participate in the voting formally because the South American country has not paid its dues to the UN for several years. But CNN reports that the country almost assuredly would have voted against the resolution or abstained if given the chance. Venezuelan President Nicolás Maduro had earlier this week spoken by phone with Russian President Vladimir Putin and has said multiple times that Putin has his “total support,” and had blamed the conflict to “destabilizing actions of NATO”.
Ulysses, Kelpies and Bond’s debut – take the Thursday quiz
11:00am, Thursday, 03'rd Mar 2022 The Guardian
Fifteen questions on general knowledge and topical trivia plus a few jokes every Thursday – how will you fare? The quiz master is away, but before his departure he assembled 15 general knowledge and vaguely topical questions to dazzle the senses and expand the mind. Of course, no Thursday quiz is complete without Ron from Sparks, Kate Bush, or a hidden reference to children’s TV favourite Doctor Who. There are no prizes. It is just for fun. Let us know how you got on in the comments. The Thursday quiz, No 45 If you do think there has been an egregious error in one of the questions or answers, please feel free to email [email protected] but remember, the quiz master’s word is always final, and genuinely, he is away. Continue reading…
Funding to create digital hubs at two County Sligo locations
10:25am, Thursday, 03'rd Mar 2022 Independent Ireland
Funding of €500,000 for a west Sligo community will enable the setting up of a digital hub and business centre. Kilglass Community Council was awarded the funding under the Town and Village Scheme 2021. It will allow the creation of new digital hub and business centre in the village serving the parish of Kilglass, including Enniscrone and Culleens. Further funding of €100,000 will also allow for a digital hub in Aclare at a disused childcare facility. It will include shared office spaces, hot desk facilities, a meeting room with tele-conferencing facilities, a foyer area, kitchen, toilets and shower. The Town and Village Scheme is designed to rejuvenate small rural towns and villages throughout Ireland, under the Department of Rural & Community Development’s Rural Development Investment Programme. Welcoming the announcement, Chairperson of Kilglass Community Council, Louise McDonnell said: “This funding will be transformative for the area and will provide much needed facilities which will support the community now and for decades to come.
Russia now ‘utterly uninvestable’ – Schroders CEO says
10:24am, Thursday, 03'rd Mar 2022 FX Empire
By Lawrence White LONDON (Reuters) – Russian stocks and bonds are now “in the realms of utterly uninvestable,” the chief executive of Schroders Peter Harrison told Reuters on Thursday, as Western sanctions squeeze Russia’s economy after its invasion of Ukraine.
Schroders CEO says Russia now ‘in the realms of utterly uninvestable’
09:09am, Thursday, 03'rd Mar 2022 FX Empire
LONDON (Reuters) – Russian stocks and bonds are now “in the realms of utterly uninvestable,” the chief executive of Schroders Peter Harrison told Reuters on Thursday.
Senate To Pass 2022 Revised Budget Next Week
07:45am, Thursday, 03'rd Mar 2022 Naija News
The Nigerian Senate is set to pass the 2022 revised budget next week following the passage of a bill to amend the 2022 Appropriation Act for second reading. Naija News reports that the bill seeks to amend the 2022 budget by making provisions for Capital Expenditure and Recurrent Expenditure without increasing the budget deficit. Recall that President Muhammadu Buhari had written a letter to the Senate seeking adjustments in the recurrent and capital expenditures in the Federal Government’s budget with estimates totalling N150tn The President also sought approval for another N2.557tn to extend the payment of subsidy on Premium Motor Spirit, popularly called petrol and asked the lawmakers to delete 139 out of the 254 projects in the 2022 budget valued at N13.24bn that had been identified. Buhari also requested the National Assembly to provide for capital expenditures totalling N106tn and recurrent expenditures amounting to N43tn and requested an additional provision of N2.557tn be made to fund the PMS subsidy in 2022.
Treasuries Fear Gauge at March 2020 Levels as War Roils Outlook - BNN Bloomberg
07:43am, Thursday, 03'rd Mar 2022 BNN Bloomberg
Treasuries are whipping around at the most frantic pace since the March 2020 onset of the pandemic, with investors caught by fluctuating expectations for central bank tightening as Russia’s assault on Ukraine spurs stagflation concerns.
Najib moots paying up 1MDB loans early to avoid interest cost
06:42am, Thursday, 03'rd Mar 2022 Malaysia Kini
He suggests that Putrajaya not pay US$3.5b bond.
Ukraine conflict: Russia shunned as FTSE Russell, MSCI remove stocks, bonds from indices after market becomes ‘uninvestable’
05:12am, Thursday, 03'rd Mar 2022 South China Morning Post
Russian assets are facing further isolation by money managers as index compilers FTSE Russell and MSCI prepare to remove the nation’s stocks and bonds from their global benchmarks.FTSE Russell will delete Russian securities from its equity indices from March 7 while MSCI will move Russian securities to “Standalone Market” status from “Emerging Markets” on March 9, measures that are likely to devastate the local market and economy.The decision was made as the market became uninvestable after the…
Russian central bank, sovereign fund may hold $140 bln in Chinese bonds -ANZ
04:26am, Thursday, 03'rd Mar 2022 Reuters
Russia''s central bank and sovereign wealth fund may account for nearly a quarter of foreign holdings of Chinese bonds, analysts at ANZ Research calculated, potentially offering shelter from Western sanctions imposed over Moscow''s invasion of Ukraine.
Listen In: What''s behind investor apathy in HDFC Group stocks?
03:57am, Thursday, 03'rd Mar 2022 Economic Times India
Asian stocks rose Thursday while bonds fell as traders digested comments from Federal Reserve Chair Jerome Powell that pointed to a measured interest-rate liftoff, vigilance on inflation and economic resilience. Shares were up in Australia, Japan and South Korea.
Key bond market deals: Torrent Power, Canara Bank, NABARD
03:48am, Thursday, 03'rd Mar 2022 CNBC TV18
Here’s a look at the key bond market deals on Thursday.
Absolute power corrupts as EU bonds to battle Vladimir Putin
02:30am, Thursday, 03'rd Mar 2022 Independent Ireland
We hope for a miracle, that righteousness will prevail. In the gloom, a diminutive, pale and unshaven former comedian calls upon the conscience of the world.
Oil price surge turns India''s bonds into most risky in emerging Asia
02:19am, Thursday, 03'rd Mar 2022 Business Standard
A selloff in India''s bond markets, including its corporate debt, is gathering pace as oil prices extended their rally above $110 a barrel after Russia invaded Ukraine
Oil Surge Turns India’s Bonds Into Most Risky in Emerging Asia - BNN Bloomberg
02:07am, Thursday, 03'rd Mar 2022 BNN Bloomberg
India’s sovereign bonds look among the most vulnerable to an oil-price shock among emerging debt markets across Asia.
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