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Top related persons:
Toby Melville - 1 Siddarth - 1 Nivedita - 1
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☆ FTSE 100 falls at open on BAE drag, hawkish Fed minutes
  + stars: | 2023-08-17 | by ( ) www.reuters.com   time to read: +1 min
Signage for the London Stock Exchange Group is seen outside of offices in Canary Wharf in London, Britain, August 3, 2023. REUTERS/Toby Melville/File Photo Acquire Licensing RightsSummaryCompanies FTSE 100 down 0.4%, FTSE 250 off 0.3%Aug 17 (Reuters) - UK's FTSE 100 fell at open on Thursday driven by declines in defence stocks after BAE Systems slipped, while global sentiment turned cautious after minutes from the U.S. Federal Reserve's July meeting were perceived to be hawkish. The blue-chip FTSE 100 (.FTSE) was down 0.4% by 0711 GMT, while more domestically focussed FTSE 250 (.FTMC) dropped 0.3%. Shares of BAE Systems (BAES.L) fell 3% after the British defence group said it agreed to buy Ball Corp's (BALL.N) aerospace business for about $5.55 billion in cash. Precious metal miners (.FTNMX551030) fell 0.9% as gold prices touched five-month lows on a stronger dollar and rise in bond yields.
Persons: Toby Melville, Siddarth, Nivedita Organizations: London Stock Exchange, REUTERS, BAE Systems, U.S, U.S . Federal, Bank of Georgia, Thomson Locations: Canary Wharf, London, Britain, U.S ., Bengaluru
☆ Signature Bank in New York went under on Sunday. Other lenders also named Signature Bank are scrambling to let customers know they're still open for business.
  + stars: | 2023-03-14 | by ( Huileng Tan | ) www.businessinsider.com   time to read: +3 min
Lenders named Signature Bank in various US states are clarifying they are not related to their failed New York namesake. The SVC Bank in India also clarified it is not related to the failed Silicon Valley Bank, or SVB. On Sunday, Signature Bank Chicago tweeted that it isn't affiliated with Signature Bank New York. It issued the clarification after an ABC News program on Sunday incorrectly used Signature Bank Chicago's logo while referring to the issues plaguing Signature Bank, New York. "There's no affiliation between the two organizations and our Signature Bank is stronger than ever and has no cryptocurrency exposure," Signature Bank Chicago tweeted in response to the mix-up.
☆ FTSE 100 at record high on positive Centrica, StanChart earnings
  + stars: | 2023-02-16 | by ( Shashwat Chauhan | ) www.reuters.com   time to read: +2 min
SummarySummary Companies FTSE 100 hits record high, trading above 8,000 pointsCentrica, StanChart, Relx jump on upbeat resultsVodafone rises on report of looking at options for Africa unitFTSE 100 up 0.3%, FTSE 250 adds 0.4%Feb 16 (Reuters) - UK's FTSE 100 rose to a record high on Thursday, underpinned by corporate earnings from Centrica and Standard Chartered, while higher commodity prices drove up heavyweight miners. The blue-chip FTSE 100 (.FTSE) gained 0.3%, trading comfortably above the 8,000-point mark it had breached in the previous session. The exporter-heavy FTSE has had a stellar start to the year as positive corporate earnings and rising commodity prices supported the index. Shares of Centrica (CNA.L) jumped to top the FTSE 100, adding 4.2%, after the British gas owner's annual profit more than tripled and as it announced an extension of its share buyback programme. Standard Chartered (STAN.L) rose 1.8% after the lender reported a 28% rise in annual pretax profit and unveiled a $1 billion share buyback programme.
☆ These economies are booming as Putin's war drives migrants and money out of Russia
  + stars: | 2022-11-25 | by ( Karen Gilchrist | ) www.cnbc.com   time to read: +7 min
Russians cross the border between Russia and Georgia days after President Vladimir Putin announced a mobilization drive on September 21. Daro Sulakauri | Getty Images News | Getty ImagesAs many economies reel from the impact of Russia's invasion of Ukraine, a select few countries are benefiting from an influx of Russian migrants and their accompanying wealth. The country's initial wave accounts for almost a quarter (23.4%) of all emigres out of Russia up to September, according to an online survey of 2,000 Russian migrants conducted by research group Ponars Eurasia. The majority of the remaining Russian migrants have fled to Turkey (24.9%), Armenia (15.1%) and uncited "other" countries (19%). 'Highly active' migrantsGeorgia's strategic location and its historic and economic ties with Russia make it an obvious entry point for Russian migrants.
☆ Thousands of Russian tech workers pulled off a perilous escape from their crumbling homeland. Now they face an anti-Russian backlash, reluctant banks, and sky-high rents.
  + stars: | 2022-04-14 | by ( Belle Lin | Masha Borak | Kylie Robison | ) www.businessinsider.com   time to read: +14 min
While Kristina is leaving Russia soon, she said she has received threatening messages including, "You are the Putin enemy," and "The police are already after you." To staunch the outflow of talent, the Russian government has offered some tech workers favorable loans, mortgage rates, and even income-tax exemptions. Even after securing a precious visa or a flight out, Russian immigration officers closely monitor departing workers' every move. According to Alexandra, Russian workers are also transferring their funds into cryptocurrencies in order to access funds outside the country. As Russian workers establish their new lives in exile, some say they're worried about the costs they've paid.
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