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Stocks Sink, Oil Prices Top $100 on Russia Assault: Markets Wrap
11:19am, Thursday, 24'th Feb 2022 Yahoo
(Bloomberg) -- Global stocks and equity futures tumbled Thursday while bonds and oil soared as Russian President Vladimir Putin’s decision to order a military attack on Ukraine cast a pall over global markets.Most Read from BloombergRussia Hits Airfields; Kyiv Imposes Martial Law: Ukraine UpdatePutin Orders Russian Attacks Across Ukraine in ‘Dark Day’The $200 Billion Club Loses Last Member as Elon Musk’s Wealth TumblesStocks Sink, Oil Prices Top $100 on Russia Assault: Markets WrapBiden’s First
European finance reacts to Ukraine with cyber warnings, bond freeze
11:18am, Thursday, 24'th Feb 2022 The Straits Times
February 24, 2022 7:18 PM FRANKFURT/LONDON (REUTERS) - Europe''s financial sector scrambled on Thursday after Russia invaded Ukraine, with Allianz disclosing it had frozen its Russian government bond exposure and top British domestic lender Lloyds saying it was on "heightened alert" for cyberattacks.
Huawei Malaysia Partners with KVC Industrial, JJ-LAP to Advance Renewable Energy Transition
11:11am, Thursday, 24'th Feb 2022 PR Newswire Asia (English)
KUALA LUMPUR, Malaysia , Feb. 24, 2022 /PRNewswire/ -- Huawei Technologies ( Malaysia ) Sdn Bhd has recently entered into partnerships with KVC Industrial Supplies Sdn Bhd and JJ-LAPP (M) Sdn Bhd in a bid to meet the country''s energy demands and to accelerate its progress towards carbon neutrality by 2050 through solar manufacturing and the deployment of Photovoltaic (PV) technology. These partnerships with KVC Industrial Supplies and JJ-LAPP Malaysia will see both partners taking on the sales, distribution and service support of Huawei''s complete range of solar inverters across the country. Both parties have currently secured the role of being the main distributors of Huawei Smart PV inverters in Malaysia . Huawei Malaysia will also undertake the task of being the technology advisor for both parties and manufacture the products as well as conduct product training to support the development of clean hydrogen and other renewables technologies. The MoU signing ceremonies were held recently with KVC Industrial Supplies and JJ-LAPP Malaysia in two separate ceremonies.
Euro zone bond yields fall after Ukraine invasion
09:22am, Thursday, 24'th Feb 2022 Business Recorder
Euro zone bond yields fell sharply on Thursday as Russia''s launch of an all-out invasion of Ukraine boosted safe-haven assets. The news prompted a flight to safety across global markets and bond yields fell as prices rallied. Germany''s 10-year yield, the benchmark for the euro area, fell eight basis points to the lowest in three weeks at 0.131% in early trade and was down 6 bps at 0.16% by 0849 GMT. Two and 30-year yields were also down 6 bps. Most other 10-year bond yields across the bloc were also down, 5-6 bps on day. Euro zone bond yields mixed, focus on Ukraine crisis Italian bonds underperformed. The closely-watched risk premium over German bonds rose briefly to 176 bps, the highest since July 2020 and was last at 173 bps. In the credit market, the cost of insuring exposure to a basket of European high yield corporate bonds touched the highest since October 2020 at over 385 bps. "It''s what one would expect, flight to quality. It''s dominating in the initial response," said Rainer Guntermann, rates strategist at Commerzbank, noting that bonds across the yield curve were rallying roughly equally.
European finance reacts to Ukraine conflict with emergency plans, bond freezes By Reuters
09:19am, Thursday, 24'th Feb 2022 State Of Press
2/2 © Reuters. FILE PHOTO: A Deutsche Bank logo adorns a wall at the company’s headquarters in Frankfurt, Germany June 9, 2015. REUTERS/Ralph Orlowski 2/2 By Tom Sims and Iain Withers FRANKFURT/LONDON (Reuters) -Europe’s financial sector scrambled on Thursday after Russia invaded Ukraine, with Allianz (DE:) saying it had frozen its Russian government bond exposure …
Oil prices rise above $100, global stock markets plunge as Russia invades Ukraine – business live
07:31am, Thursday, 24'th Feb 2022 The Guardian
Markets in turmoil as oil prices soar by 6%, rouble falls to record low and Russian bonds sell off
Australia, NZ dollars caught in risk fallout from Ukraine crisis
06:46am, Thursday, 24'th Feb 2022 Business Recorder
SYDNEY: The Australian and New Zealand dollars took a step back on Thursday as warnings of an imminent Russian invasion of Ukraine slugged global share markets and soured risk sentiment. The Aussie eased 0.35% to $0.7206, having briefly touched a five-week peak of $0.7284 overnight. The risk was now for a pullback toward $0.7165, though surging commodity prices were providing some support. The kiwi dollar faded to $0.6745, after also making a five-week top of $0.6808 overnight. Support lies around $0.6730 and $0.6685. Australia, NZ dollars hesitate Markets were roiled when US Secretary of State Antony Blinken said he believed Russia would invade Ukraine within hours, while airlines were advised to stop flying over Ukraine airspace. While the risk of conflict has pushed up prices for some of Australia''s major resource exports, that will also be a drag on global growth and investment. "Ultimately, the Aussie would suffer more from such a massive deterioration in risk sentiment than it could ever gain from higher energy prices," said Ray Attrill, head of FX strategy at NAB. "After all, commodities rose pretty much all last year and the Aussie got less than nothing out of that." The Reserve Bank of Australia''s (RBA) index of commodity prices climbed 29% over 2021, but the Aussie''s trade weighed index still fell 3.6%.
S.Korea''s corporate financing nearly triples in January
06:44am, Thursday, 24'th Feb 2022 Big News Network
SEOUL, Feb. 24 (Xinhua) -- South Korea''s corporate direct financing nearly tripled in January due to a massive initial public offering (IPO) and a sharp growth in corporate bond issuance, financial watchdog data showed Thursday. Corporate direct financing through the sale of stocks and bonds came to 27.53 trillion won (22.9 billion U.S. dollars) in January, up 172.5 percent from the previous month, according to
EXCLUSIVE ECB must keep buying bonds to cushion Ukraine fallout, Stournaras says
06:03am, Thursday, 24'th Feb 2022 Reuters
The European Central Bank should continue its bond-buying stimulus programme at least until the end of the year and keep it open-ended to cushion the fallout from any conflict in Ukraine, ECB policymaker Yannis Stournaras told Reuters.
Irish-based Russian debt due for repayment rattled by Ukraine sanctions
05:01am, Thursday, 24'th Feb 2022 The Irish Times
Value of $2bn of bonds issued by Irish entity of energy giant Rosneft slide nearly 3.5%
Treasuries Lead Bond Rally as Yields, Ukraine Lure Back Buyers - BNN Bloomberg
03:28am, Thursday, 24'th Feb 2022 BNN Bloomberg
Treasuries rallied to lead gains in developed-market bonds as a combination of higher yields and lingering geopolitical concerns fueled demand from investors.
Spotlight is on Limerick plant as international sanctions target Russian oligarchs
02:30am, Thursday, 24'th Feb 2022 Independent Ireland
International sanctions targeting Russian banks, bonds and oligarchs have shone a spotlight on the Aughinish Alumina refinery in Co Limerick.
Pentagon: Russian Troops Near Ukraine Border ‘Ready to Go’
01:31am, Thursday, 24'th Feb 2022 Voice of America News
Another sweeping cyberattack struck Ukrainian government websites Wednesday as the Pentagon said Russian forces were closing in on Ukraine’s borders, readying “to conduct military action” at "virtually any time now.” “We believe that they are, they''re ready," Pentagon press secretary John Kirby told reporters Wednesday. Kirby said the Pentagon believes "additional Russian military forces are moving into" the Donetsk and Luhansk regions of Ukraine, but he would not confirm specifics on the number of Russian troops that have moved into these two regions. VOA has not independently confirmed the presence of additional Russian troops in the Donbas. Kremlin spokesman Dmitry Peskov told Russian state media that the heads of the self-proclaimed Donetsk People''s Republic and Luhansk People''s Republic had asked Russian President Vladimir Putin for help Wednesday in fighting Ukrainian forces. ''Russian playbook'' Kirby would not attribute the latest cyberattack to Russia, only saying that disruptions in cyberspace were “of a Russian playbook.” Kyiv blamed Moscow for the cyberattacks, although Russia has denied any involvement.
Our Leaders Made A Pact With The Devil, And Now The Devil Wants His Due
09:21pm, Tuesday, 22'nd Feb 2022 Zero Hedge
Our Leaders Made A Pact With The Devil, And Now The Devil Wants His Due Authored by Charles Hugh Smith via OfTwoMinds blog, The unprecedented credit-fueled bubbles in stocks, bonds and real estate are popping, and America''s corrupt leaders can only stammer and spew excuses and empty promises . Unbeknownst to most people, America''s leadership made a pact with the Devil: rather than face the constraints and injustices of our economic-financial system directly, a reckoning that would require difficult choices and some sacrifice by the ruling financial-political elites, our leaders chose the Devil''s Pact: substitute the creation of asset-bubble "wealth" in the hands of the few for widespread prosperity. The Devil''s promise: that some thin trickle of the trillions of dollars bestowed on the few would magically trickle down to the many. This was as visibly foolish as the promise of immortality on Planet Earth, but our craven, greedy leadership quickly sealed the deal with the Devil and promptly inflated the greatest credit-asset bubble in human history.
Ukraine: Biden bans Russian state bonds from US markets in fresh sanctions
07:50pm, Tuesday, 22'nd Feb 2022 City AM
Biden blocked two Russian financial institutions from operating in the US and has banned Russia from issuing new state bonds.
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