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On Friday, Asian stock markets and the euro fell sharply, while oil prices rose as investors were alarmed by disclosures of a nuclear power plant catching fire amid fierce fighting between Ukrainian and Russian troops. Markets across the region were battered by risk-off sentiment, with U.S. stock futures also falling sharply, implying more suffering for …

Asian Stocks Fell To 16-Month Drop Following News Of Nuclear Plant Blaze In Ukraine Read More »

According to the FCA, more than about 300 unregistered crypto firms have been found in the last six months, “many of which may be scams.” As per the statements of the United Kingdom’s FCA, or Financial Conduct Authority, they are having about 50 investigations that are currently active, these investigations can also be helpful in …

50 Unauthorized Crypto Firms are Under Investigation in the UK Financial Surveillant FCA Read More »

As a consequence of Moscow’s battle with Ukraine, Exxon Mobil (XOM.N) has committed to exit Russia with its oil and gas operations, which are worth more than $4 billion, and to stop new investment. Exxon will no longer handle massive oil and gas manufacturing services on Sakhalin Island, jeopardising the island’s suggested multibillion-dollar LNG infrastructure. …

Exxon Quits Russia With $4 Billion In Assets Read More »

BP is abandoning its investment in Russian oil producer Rosneft, representing the most substantial step yet by a Western business in response to Moscow’s invasion of Ukraine. The 19.75 percent investment in Rosneft accounts for over half of BP’s oil and gas reserves and a third of its productivity, and removing it will result in …

BP Quits Russia Incurring A Loss Of $25 Billion Following The Invasion Of Ukraine Read More »

Investors evaluated the longer-term implications of severe Western sanctions against Russia after it launched troops, tanks, and missiles on Ukraine on Friday, following Wall Street’s unexpected overnight turnaround. Even as Russia intensified its attacks on Ukraine and worldwide condemnation rose, European stock markets seemed ready to follow Asia higher, with FTSE futures up 0.78 percent, …

Asian Stocks Recovered, But Investors Are Worried About The Future Consequences Of A Russia-Ukraine War Read More »