March, 2022

• 18 March

  JPMorgan processed Russia bond payments, sent money to Citi

  

    Bloomberg JPMorgan Chase & Co has processed funds that were earmarked for interest payments due on dollar bonds issued by the Russian government and sent the money on to Citigroup Inc. as bondholders waited for a second day to receive the $117 million. JPMorgan was the correspondent bank Russia used to send the payment to Citigroup, which is acting …

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• 18 March

  Sberbank gets license to issue digital assets

    Bloomberg Russia’s central bank granted Sberbank PJSC, the nation’s biggest lender, a license to issue and exchange digital assets. Using Sber’s platform, companies can issue their own digital assets to attract market investments, buy digital assets through Sber’s system, or make other digital assets transactions, the bank said in a statement. “We are just starting our work with digital …

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• 18 March

  US futures decline, stocks steady as crude advances

  

    Bloomberg US equity futures slipped on Friday and Asian stocks were steady as traders weighed mixed signals from the peace talks between Russia and Ukraine that are pushing oil further above $100 a barrel. European contracts wavered and those for the S&P 500 and Nasdaq 100 dipped following the best three-day rally in US shares since 2020. An Asian …

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• 18 March

  First SPAC listed by Hong Kong has slow start in trading debut

  

  Bloomberg Aquila Acquisition Corp, the first special purpose acquisition company to list in Hong Kong, had a slow debut on Friday as few investors are qualified to trade the shares. The SPAC closed 3.2% lower at HK$9.68 after a session marked by only a few trades. The firm backed by CMB International Asset Management and AAC Mgmt Holding raised about …

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• 18 March

  Opec Fund okays $233mn in global development support

  

    VIENNA / WAM Support for economic recovery, new infrastructure funding and boosting food security are some of the highlights of the projects the Opec Fund for International Development has approved at the 179th session of its Governing Board in Vienna on Thursday. The $233 million in new funding will benefit public sector projects promoting sustainable development around the world. …

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• 18 March

  European natural gas advances with market focused on Russia supply risk

  

  Bloomberg European natural gas prices rose as the market continues to weigh the risk of potential supply disruptions and further sanctions against Russia. The EU has so far been reluctant to ban energy flows from its top gas supplier Russia. Yet, European Commission President Ursula von der Leyen said on Twitter that the bloc and its partners “will keep up …

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• 18 March

  Saudi Arabia to start green hydrogen plant in Neom by 2026

  

    Bloomberg Saudi Arabia will start construction of a green hydrogen plant as soon as this month as it pushes ahead with plans to export the fuel in about four years. The kingdom is on track sell carbon-free hydrogen from a $5 billion project in Neom by 2026, according to Peter Terium, the head of energy and water for the …

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• 18 March

  Retailers bet on improvement classes at home for consumers

  

    Bloomberg Americans are finally getting out of the house as pandemic restrictions melt away like the winter snow. But Lowe’s Cos and Home Depot Inc are betting they can keep consumers interested in home-improvement projects via online and in-person workshops on bathroom upgrades and lawn care. Both retailers want to hold onto the customers that they gained during the …

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• 18 March

  British Airways operator Comair resumes ‘flights’

  

    Bloomberg South African airline group Comair Ltd resumed flights after being given the all clear by the country’s Civil Aviation Authority, which was investigating a series of incidents over concerns about safety. The decision allows the local operator of British Airways and owner of the low-cost Kulula carrier to restart services on Thursday after a five-day grounding, restoring about …

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• 18 March

  Delta CEO says Covid crisis essentially over for travellers

  

  Bloomberg Delta Air Lines Inc Chief Executive Officer Ed Bastian said the coronavirus crisis is effectively over as far as the travel sector is concerned, with demand comfortably outweighing any impact from Russia’s war in Ukraine. Delta had the two busiest days for sales in its near 100-year history last week, while the North Atlantic market has been swamped with …

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