The U.K. bank said that the off-market share purchase represents a 4.91% stake in its issued capital and is expected to settle on March 30. The purchase price of 220.5 pence a share is the closing price on Friday.
Oil Prices Stay High as Russian Crude Shortage Hits Market
The de facto buyers' strike on Russian crude that began a month ago propelled oil prices to their highest levels in years. Now the real effects are starting to create a second wave of impact on oil markets, disrupting Russian exports and threatening further price increases.
Major energy companies and commodity-trading houses balked at buying crude oil from Russia in the days following the invasion of Ukraine. Banks also stopped financing these trades, shippers refused to load cargoes and insurers stopped covering them, fearful of running afoul of sanctions or upsetting company stakeholders.
Ukraine Seeks to Exploit Shift in Russia's Military Strategy
KYIV, Ukraine-Ukrainian forces are seeking to roll back Russian gains as Moscow shifts its focus to controlling a swath of the country's south and east.
Ukrainian forces said Sunday they drove Russian troops out of Trostyanets, in the northeast near the Russian border, potentially opening a road to the provincial capital of Sumy, which is encircled by the Russians.
Biden's Remark on Putin Stirs Anxiety Among Western Allies
WASHINGTON-President Biden's remark that Russian President Vladimir Putin "cannot remain in power" came under fire for muddying U.S. policy and threatening to undermine diplomatic efforts to end the war in Ukraine.
Administration officials and Democratic lawmakers said Sunday the off-the-cuff remark was an emotional response to the president's interactions in Warsaw with refugees-some of whom had fled violence in Mariupol, a Ukrainian southern port city under weekslong Russian bombardment and attacks on civilians.
Putin Stokes Nuclear Fears With Atomic Weapons Warnings
When Russia unveiled previously secret details of its nuclear-weapons doctrine for the first time in 2020, it confirmed something U.S. war planners had long suspected: Moscow would be willing to use atomic arms to keep from losing a conventional war.
Since Russian President Vladimir Putin invaded Ukraine last month, he has repeatedly raised the specter of nuclear war, invoking his country's atomic arsenal in an effort to deter the U.S. and the North Atlantic Treaty Organization from getting involved in the conflict.
A Middle East Geopolitical Realignment Accelerates to Confront and Contain Iran
New diplomatic and security ties are reshaping the Middle East as former enemies seek unity in containing Iran, the U.S. rethinks its security role in the region, and Russia and China seek to exploit openings left by Washington.
A historic summit starting Sunday in Sde Boker, Israel, illustrates the changing alignments, bringing Arab, Israeli and U.S. officials together for the first time on Israeli soil for talks on expanding their budding partnership.
Yandex, Russia's Internet Giant, Struggles to Dodge Geopolitics
If you thought Silicon Valley had a problem with politics, spare a thought for Russia's top internet company.
U.S., Europe Unity on Ukraine Shows Limits Amid Differences on Russia Sanctions
The unity the U.S. and its allies in Europe have displayed in standing up to Russia over its war against Ukraine is beginning to show its limits, with differences emerging over how far to press their campaign of economic sanctions.
In meetings this week of the North Atlantic Treaty Organization, the Group of Seven major economies and the European Union, President Biden and other leaders offered unified support for Ukraine, boosting military, financial and humanitarian assistance one month after Russian President Vladimir Putin launched a full-scale invasion.
GLOBAL NEWS
Transport Stocks Are Flashing Bullish Signals for Broader Market
Transportation stocks have been zipping higher, a sign of optimism about the economy's strength that could fuel a broader market rally.
Companies that operate trains, planes, boats and trucks tend to see their prospects brighten when a growing economy boosts demand for goods, materials and travel. For that reason, some investors look to the performance of transportation shares as an indicator that a robust commercial environment will underpin gains across industries.
How Russia's Central Bank Engineered the Ruble's Rebound
The ruble is in a central-bank-induced coma.
While Russia's currency can still see sharp swings in a day, it has trimmed its steep losses and begun to stabilize. It is now trading at around 99 rubles to the dollar, about 17% weaker than it was before Russian troops invaded Ukraine on Feb. 24 but stronger than its record low of 151 on March 7, according to FactSet.
Oil Prices Stay High as Russian Crude Shortage Hits Market
The de facto buyers' strike on Russian crude that began a month ago propelled oil prices to their highest levels in years. Now the real effects are starting to create a second wave of impact on oil markets, disrupting Russian exports and threatening further price increases.
Major energy companies and commodity-trading houses balked at buying crude oil from Russia in the days following the invasion of Ukraine. Banks also stopped financing these trades, shippers refused to load cargoes and insurers stopped covering them, fearful of running afoul of sanctions or upsetting company stakeholders.
Economy Week Ahead: Key Inflation, Jobs Numbers Highlight Week's Data
This week's economic data are expected to underscore both the highest inflation since the 1980s and a historically tight labor market.
The Riskiest Bets in the Stock Market Are the Most Popular
When technology stocks tumbled for a fourth straight day in January, Evan Fetter, a 25-year-old in the U.S. military, saw an opportunity to swing for the fences.
He poured $15,000 into the ProShares UltraPro QQQ, an exchange-traded product that is designed to triple the daily return of the Nasdaq-100 index, bidding for what he called a "once-in-a-lifetime gain."
BOJ Offers to Buy Unlimited Amount of JGBs at Fixed Rate of 0.25%
The Bank of Japan said Monday that it offered to buy an unlimited amount of 10-year Japanese government bonds at a fixed rate at 0.25%.
The announcement was made as the yield on benchmark 10-year JGBs approached the upper limit of the bank's target range of 0.25%. The 10-year yield currently stands at 0.24%.
Shanghai to Lock Down 25 Million People, Half of the City at a Time
Shanghai imposed stringent pandemic restrictions it has long tried to avoid on its 25 million residents that are likely to disrupt commercial activity well beyond the city limits.
Local authorities said on Sunday they plan to lock down the city in two phases over the next week and a half to try to control an outbreak of the highly infectious Omicron variant of the Covid-19 virus.
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This article is a text version of a Wall Street Journal newsletter published earlier today.
(END) Dow Jones Newswires
03-28-22 0646ET
