Business News

JPMorgan removes Russian debt from widely tracked bond indices

JPMorgan removes Russian debt from widely tracked bond indices

JPMorgan Chase has announced that it will remove Russian debt from its widely used bond indexes as the latest move to exclude the country from the global financial system after Vladimir Putin went to war with Ukraine. The bank will exclude Russian sovereign and corporate bonds from all of its fixed income indices from March …

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Reversal of Dow Jones futures: what to do after today’s stock market fall

Reversal of Dow Jones futures: what to do after today’s stock market fall

Dow Jones futures turned higher in evening trading after the stock market fell on Monday. The ongoing Russian invasion of Ukraine, along with the Western reaction, remains a key moment in the stock market today. X U.S. oil prices briefly rose above $130 a barrel on Monday before plummeting as the U.S. and its allies …

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Business is fleeing from Russia.  McDonald’s and Pizza Hut aren’t going anywhere.

Business is fleeing from Russia. McDonald’s and Pizza Hut aren’t going anywhere.

While Western corporate titans are running from their ties to Russia, citing moral and economic imperatives, others, especially in the foodservice and resource-based industries, say they are stuck. McDonald’s, Starbucks, Papa John’s and Yum Brands – the conglomerate behind KFC and Pizza Hut – have remained silent on their plans to develop business in Russia …

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Corporate power is keeping US wages 20% lower than they should be – White House

Corporate power is keeping US wages 20% lower than they should be – White House

WASHINGTON, March 7 – With inflation at its highest level in four decades, a US government report shows corporate America has used its influence in the labor market to keep wages 20% below what they should be, White said Monday House. The report, prepared by the Treasury Department with the assistance of the Department of …

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Fashion Nova owner Richard Sagyan has won a 1 million bid to buy a Bel Air mega-mansion.

Fashion Nova owner Richard Sagyan has won a $141 million bid to buy a Bel Air mega-mansion.

BEL AIR, LOS ANGELES (KABC) — The mega-mansion in Bel Air, considered the largest home in Los Angeles, has a new owner at a bargain price. The property, known as The One, was originally worth $295 million but recently sold at auction for almost $141 million. According to The Los Angeles Times, Richard Sagian, owner …

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McDonald’s and PepsiCo urge New York pension fund to cease operations in Russia

McDonald’s and PepsiCo urge New York pension fund to cease operations in Russia

Hermitage Capital Management CEO Bill Browder argues that “by the time the West is done, we will have Russia completely locked down economically.” The New York State General Pension Fund, one of the largest public pension funds in the US, is urging McDonald’s, PepsiCo and others to consider suspending or terminating business operations in Russia …

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McDonald’s and PepsiCo continue to operate in Russia

McDonald’s and PepsiCo continue to operate in Russia

Russia’s invasion of Ukraine does not stop McDonald’s from selling Big Macs in Moscow. While many companies have ceased operations in Russia, the world’s largest fast food restaurant chain has so far continued to operate in the country as usual, despite the escalation of the conflict. Big Investor: The New York State Pension Fund, which …

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Asian stocks fall as Russian-Ukrainian war keeps investors on their toes

Asian stocks fall as Russian-Ukrainian war keeps investors on their toes

SINGAPORE. Asia-Pacific stocks tumbled in early trading on Tuesday after major stocks plunged the day before in the US as the Russian-Ukrainian war continues to keep investors on their toes. South Korean Kospi led regional sales, falling 1.55% in early trading. In Japan, the Nikkei 225 fell 0.9% and the Topix fell 0.82%. In Australia, …

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