PIMCO headquarters in Newport Beach, California Scott Mlyn | CNBC Pimco’s billion-dollar exposure to Russian debt came under pressure as the country, which invaded its neighbor Ukraine causing i...
Tag: Russia
America Needs GPS Backup
No one knows what Russia will do next, including potentially jamming America’s Global Positioning System (GPS). With Congressional passage of the omnibus spending bill for 2022 imminent, reasonable pe...
Three Cybersecurity Stocks To Consider As Cyberattacks Continue
. In the last few weeks, Russia has launched a plethora of attacks on Ukraine, and possibly globally, in cyberspace. This has not been uncommon for the Russians over the past decade, with state-sponso...
Burger King halts corporate support for its 800-plus franchised locations in Russia
A man holds meals from the Burger King restaurant on May, 15, 2020 in Dedovsk, Russia. Mikhail Svetlov | Getty Images Burger King announced Thursday it has halted corporate support for its 800-plus fr...
Pimco Amassed Billions of Exposure to Russia Debt Facing Default
(Bloomberg) — Pacific Investment Management Co. built up billions of exposure to Russian debt, opening up its funds to losses as markets price in a default by the sovereign. Most Read from Bloom...
Goldman Sachs leaves Russia due to Ukraine invasion
A sign is displayed in the reception area of Goldman Sachs in Sydney, Australia. David Gray | Reuters Goldman Sachs says it is exiting Russia, becoming one of the first major global investment banks t...
Why Biden’s Killing Of Keystone XL Was A Big Energy Blunder
WASHINGTON, DC – FEBRUARY 03: White House Press Secretary Jen Psaki talks to reporters during a news … [+] conference in the Brady Press Briefing Room at the White House. (Photo by Chip So...
Sony to Stop Selling Products in Russia Amidst Conflict
Wars and invasions have never led to prosperity that one can cherish for their entire life. The Russia-Ukraine conflict is no different and falls on the same line. It has forced many people to leave t...
Here’s what investors should look for
A Rivian R1T electric pickup truck during the company’s IPO outside the Nasdaq MarketSite in New York, on Wednesday, Nov. 10, 2021. Bing Guan | Bloomberg | Getty Images Rivian Automotive’s...
Bitcoin Not a “Viable Workaround” to Russia Sanctions Says US Official – Trustnodes
A senior administration official has stated that bitcoin and cryptocurrencies are not a viable workaround for Russia to bypass sanctions. “On Russia, in particular, the use of cryptocurrency we do not...
EU Targets Crypto Assets in Widened Sanctions Against Russia, Belarus – Bitcoin News
The European Union is extending the scope of sanctions introduced in response to Russia’s invasion of Ukraine, with the latest agreement between member states specifically mentioning crypto assets. Ru...
From Mars To Uniqlo, These Major Companies Are Continuing To Do Business In Russia
Topline A growing list of companies across virtually every industry have cut ties with Russia over its unprovoked invasion of Ukraine, but some household names are trying to continue with business as ...
Russia Reportedly Blocks Ukrainian Evacuation Route With Air-Dropped ‘Butterfly Mines’
Early on in the invasion of Ukraine, Ukrainian officials claimed that the Russians were using PFM-1 air-dropped anti-personnel mines. Also known as ‘butterfly mines,’ ‘petals,’ ‘green parr...
Gold price forecast with Ukraine open to diplomatic talks with Russia
Gold price rose to its highest level since August 2020 at $2,070.88 on Tuesday. At that level, it was only about $5 shy of its all-time high of $2,076.64, which it hit at the peak of the coronavirus p...
Russia threatens to hold hundreds of planes hostage amid sanctions
Russia Ukraine sanctions airlines aviation lease – Kirill KUDRYAVTSEV / AFP Russia may block airlines from returning hundreds of leased planes to foreign companies as it fights back against west...
Russia Keeps Stock Market Shut; Ruble Trading Set to Resume
(Bloomberg) — The Russian stock market’s trading halt is being extended in an effort to keep prices from tumbling in the wake of vast international sanctions, while currency trading is set to re...
EU to Include Crypto Assets in Restrictions to Prevent Russia & Belarus From Evading Sanctions
In a press release dated 9 March, the European Commission has confirmed further targeted sanctions to block Russia from circumventing any rules. And since crypto was considered a possible loophole to ...
Helen Rappaport’s Fascinating ‘After the Romanovs’
In 1981, Cato Institute co-founder Ed Crane traveled to the Soviet Union with his fellow co-founder, industrialist Charles Koch. Crane subsequently wrote a long-form essay about his visit that remains...
Why Are Gasoline Prices So High? How Russia’s Invasion Of Ukraine Affects The Pump
Topline U.S. gasoline prices reached record highs this week, with some portions of the country paying on average nearly $5 per gallon, according to the American Automobile Association—here’s what has ...
Deutsche Bank Recognizes It Has a ‘Very Limited’ Russia Exposure
Deutsche Bank, Germany-based financial services giant, has disclosed more details about its risk exposures to Russia and Ukraine on Wednesday. Basically, the financial services firm stated that it had...
The Real Reason Behind Surging Gas Prices
High gas prices are posted at Low-P, an independent gas station in Calabasas, Calif., Friday, Oct. … [+] 5, 2012. Californians woke up to a shock Friday as overnight gasoline prices jumped by as...
Sanctions on Russia and Belarus will include crypto — European Commission
The European Commission has clarified that crypto assets will fall under additional sanctions targeted against Russia and Belarus in response to the military conflict in Ukraine. In a Wednesday statem...
Crypto Exchange Kraken Will Use Russian Trading Fees For Up To $10 Million In Donations To Ukraine Customers
Jesse Powell, chief executive officer of Kraken Bitcoin Exchange, sits for a photograph at the company’s office in San Francisco, California, U.S., on Friday, Aug. 8, 2014. KPhotographer: David ...
EU Clarifies Crypto is Covered in Sanctions Against Russia, Belarus
The European Union made it clear that cryptocurrencies, which fall into the category “transferable assets,” are included in the financial sanctions imposed on Russia for its invasion of Ukraine. Addit...
EU sanctions against Russia also involve crypto- The Cryptonomist
Today the European Commission announced that they are adding cryptocurrencies to the sanctions on Russia. We are further tightening the net of sanctions responding to Russia’s military aggression aga...
McDonald’s Russian shutdown will cost fast-food chain $50 million a month
A McDonald’s restaurant in St. Petersburg, Russia. Peter Kovalev | TASS | Getty Images McDonald’s expects its Russian shutdown will cost the fast-food giant roughly $50 million a month unt...
Crypto Market Rebounds As Russia Opens Humanitarian Corridors
The crypto market has finally rallied on Wednesday, after a week of consolidation, with major cryptocurrencies including BTC, ETH, ADA, LUNA, SOL, and others rising more than 5%. Equity markets have a...
Binance to No Longer Process Visa and Mastercard in Russia
Russia’s decision to invade Ukraine is now turning out to be very costly. In addition to sanctions imposed on Russia, the country is also witnessing financial isolation from the rest of the world. The...
Russia-Ukraine war, 50 cyber groups already deployed
When Russia invaded Ukraine, a so-called hybrid war began, i.e. a war based not only on conventional military confrontations, but based much more on a mix of conventional military strategy and digital...