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Russia sanctions’ web can snarl China too

  It’s a future investors in China must learn to live with: The expanding list of Chinese companies subject to US sanctions or procurement controls. As the US and European Union impose sweeping economic penalties on Russia over its invasion of Ukraine, China Inc can easily become collateral damage, too. The US government has already put Beijing on notice. US ...

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Citi’s sale of Russian consumer unit stalls

  Bloomberg Citigroup Inc, in the midst of overhauling its businesses in Russia when the country went to war, has seen efforts to sell a consumer-banking unit there stall and is helping some employees transfer abroad. The moves show how Vladimir Putin’s invasion of Ukraine has quickly made the future less certain for many of Citigroup’s roughly 3,000 workers in ...

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US futures, Europe stocks fall amid inflation concern

  Bloomberg Equity-index futures and European stocks fell amid concern US inflation may have accelerated for a sixth month, with investors turning to the European Central Bank to gauge policy makers’ response to the war in Ukraine. Contracts expiring this month on the S&P 500 and Nasdaq 100 indexes slid at least 0.2% each after US stocks posted the biggest ...

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