Ukraine
One year on from the start of war in Ukraine, global markets — and investors — are still feeling the effects of Russia's invasion.
Blackstone will join other businesses, including 44 major U.S. companies, in hiring more than 22,000 refugees over the next three years.
Investors remain bearish about the global economy, but their level of dread is abating as hopes rise, and inflation and rate shocks begin to subside.
BlackRock will begin the process of liquidating its iShares MSCI Russia ETF on Aug. 17 after the SEC granted exemptive relief.
PIMCO has warned the U.S. Treasury about the fallout on pension funds from the strict sanctions that are pushing Russia toward default.
U.S. investors are prohibited from buying both new and existing debt and equity securities issued by an entity in the Russian Federation.
Citing Russia's invasion of Ukraine, BlackRock said it will close two UCITS iShares exchange-traded funds with exposure to Russian securities.
Los Angeles City Employees' Retirement System trimmed its expected private equity commitments to a total of $1.1 billion from $1.4 billion.
Since the Federal Reserve's previous report on U.S. financial stability in November, uncertainty about the economic outlook has increased.
Markets "breathe a collective sigh of relief" after Emmanuel Macron's re-election, but concerns over Ukraine remain, a Principal exec says.
