Financial Post |
- Primark Sales Gather Pace But Still Lag Pre-Pandemic Levels
- Hong Kong mortuaries fill up as COVID deaths climb
- Fallout on global finance: ECB warns on Sberbank; Russian issuers dropped
- China perseveres with mRNA COVID shot development amid Omicron, commercial uncertainty
- Toyota gears up its first EV with safer, longer-lasting battery
- Russian central bank hikes rates, scrambles to limit fallout of tough sanctions
- Canadian telecom firms block Russian state-owned broadcaster RT
- LME aluminum hits record high as Russia sanctions fuel supply woes
- Take Five: The cost of war
- European Gas Jumps as Sanctions Spur Energy Shortage Concerns
| Primark Sales Gather Pace But Still Lag Pre-Pandemic Levels Posted: 27 Feb 2022 11:34 PM PST (Bloomberg) -- Associated British Foods Plc said sales at budget-clothing retailer Primark picked up during the first half but are still below pre-pandemic levels as omicron deterred some shoppers from leaving their homes. Read More |
| Hong Kong mortuaries fill up as COVID deaths climb Posted: 27 Feb 2022 11:34 PM PST HONG KONG -- Facilities for storing dead bodies at hospitals and public mortuaries in Hong Kong are at maximum capacity due to a record number of COVID-19 fatalities, the Hospital Authority said on Monday, as officials battle to control a surge in cases. The global financial hub is expected to report a daily record high of 34,466 new coronavirus cases on Monday, Chinese state television CCTV reported. Read More |
| Fallout on global finance: ECB warns on Sberbank; Russian issuers dropped Posted: 27 Feb 2022 11:30 PM PST FRANKFURT -- In an indication of the fallout of a fresh round of sanctions, the European Central Bank on Monday warned that Sberbank Europe, a unit of Russia's Sberbank, and two other subsidiaries under its watch "are failing or likely to fail." Read More |
| China perseveres with mRNA COVID shot development amid Omicron, commercial uncertainty Posted: 27 Feb 2022 11:30 PM PST BEIJING/SHANGHAI -- China has spent over a year developing Pfizer-type COVID-19 vaccines that may even help it pivot from stringent "zero-COVID" restrictions, but a changed market and the Omicron variant have muddied prospects before efficacy data has even been published. Read More |
| Toyota gears up its first EV with safer, longer-lasting battery Posted: 27 Feb 2022 11:28 PM PST SODEGAURA -- Toyota Motor Corp , a late-comer to the battery electric vehicle (BEV) market, is weaving in all efforts to make sure its first mass-market model is safer and lasts longer than rivals' products when it goes on sale later this year. Read More |
| Russian central bank hikes rates, scrambles to limit fallout of tough sanctions Posted: 27 Feb 2022 11:28 PM PST Russia's central bank on Monday sharply raised its key policy rate to 20%, a day after announcing a slew of measures to support domestic markets, as it scrambled to manage the fallout of harsh Western sanctions in retaliation against Moscow's invasion of Ukraine. Read More |
| Canadian telecom firms block Russian state-owned broadcaster RT Posted: 27 Feb 2022 11:28 PM PST Major Canadian cable operators on Sunday said they would drop Russian state-owned broadcaster RT from their channel line-up in response to Russia's invasion of Ukraine. Read More |
| LME aluminum hits record high as Russia sanctions fuel supply woes Posted: 27 Feb 2022 11:25 PM PST London aluminum surged to a record high on Monday as fears of supply disruptions jumped after Western countries ratcheted up sanctions on Russia for invading Ukraine, including blocking some banks from the SWIFT global payments system. Read More |
| Posted: 27 Feb 2022 11:22 PM PST Russia's invasion of Ukraine has wide-ranging implications for the economy and financial markets. Oil's spike above $100 a barrel may exacerbate inflation and hurt economic growth. But expect no extra oil from OPEC+ when it meets on Wednesday. Read More |
| European Gas Jumps as Sanctions Spur Energy Shortage Concerns Posted: 27 Feb 2022 11:21 PM PST (Bloomberg) -- European natural gas prices surged as another round of sanctions on Russia over the weekend fueled concerned about energy shortages. Read More |
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