Money
French Bank Societe Generale ceases Russian operations
Corporate businesses are continuing to depart Russia with French banking firm Societe Generale the latest to cease operations in the country
The company’s banking and insurance activities in Russia will come to an end as of immediately.
The company has also announced it intends to sell its entire stake in Russia’s Rosbank.
The Kremlin has increased its aggression on neighbouring Ukraine as the war enters Week 8, forcing more organisations to stop doing business with Russia.
In a statement the company stated:
“Societe Generale ceases its banking and insurance activities in Russia and announces the signing of a sale and purchase agreement to sell its entire stake in Rosbank and the Group’s Russian insurance subsidiaries to Interros Capital, the previous shareholder of Rosbank. With this agreement, concluded after several weeks of intensive work, the Group would exit in an effective and orderly manner from Russia, ensuring continuity for its employees and clients.”
“This contemplated transaction, which remains subject to the approval of the relevant regulatory and anti-trust authorities, will be conducted in compliance with the legal and regulatory obligations in force. The closing of this operation should occur in the coming weeks.”
Multinationals are fleeing Russia in a huge exodus
Large multinational companies are fleeing Russia, as the international community moves to isolate the nation over its invasion of Ukraine.
From oil giants to media companies and sporting bodies, Russia is facing a multi-billion dollar exodus.
It isn’t just corporate banking firms leaving Moscow either. Disney has also pulled plans to open its latest stage show in Russia’s capital city. Warner Bros, Sony and Disney have cancelled distribution plans for their upcoming films.
Money
AI fears rattle global markets and investors
AI developments cause market volatility, with European software and US tech firms facing significant declines amid rising uncertainty.
AI developments cause market volatility, with European software and US tech firms facing significant declines amid rising uncertainty.
Global stock markets are experiencing heightened volatility as concerns about AI disruption sweep across industries. Investors are closely monitoring which sectors could be most affected as the technology continues to evolve.
Recent announcements from major US AI companies sent waves through international markets, highlighting the interconnected nature of global finance and technology. European software giants such as Dassault Systèmes and RELX saw significant declines, underscoring the global reach of AI developments.
UBS analysts warn that the impact of AI disruption could intensify in 2026 and 2027, with potential ramifications for a wide range of sectors.
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Money
U.S. stocks falling amid AI worries and weak earnings
U.S. stocks decline amid AI concerns, defensive sectors rising; traders eye commodities, jobs data, and currency trends for insights.
U.S. stocks decline amid AI concerns, defensive sectors rising; traders eye commodities, jobs data, and currency trends for insights.
U.S. stocks are tumbling as investors grow concerned over AI profitability and disappointing earnings. Defensive sectors are attracting attention ahead of the upcoming CPI report, while market participants are carefully watching how tech-heavy AI stocks are influencing broader indices. Steve Gopalan from SkandaFX notes that these factors are shaping market sentiment.
For traders, commodities like gold and oil are also playing a role in sentiment, providing hedges amid market uncertainty. The January jobs report and unemployment data are adding further context, with potential implications for Federal Reserve policy.
Market expectations for rate cuts are shifting as investors weigh economic indicators against global market dynamics. Traders are also eyeing currency movements, including the Australian Dollar and Japanese yen, for signs of broader economic trends.
Money
Wall Street tumbles as tech stocks face AI disruption fears
Wall Street falters as tech stocks dive amid AI anxieties; 2026 seen as critical for proving AI investment returns.
Wall Street falters as tech stocks dive amid AI anxieties; 2026 seen as critical for proving AI investment returns.
Wall Street took a sharp hit as tech stocks plummeted amid growing investor anxiety over artificial intelligence. Markets reacted strongly to uncertainty about how AI could disrupt major sectors, leaving investors on edge. Kyle Rodda from Capital.com explains why investors are nervous about what’s ahead.
Cisco Systems’ quarterly results added to the market jitters, while defensive sectors gained attention as investors sought safer bets. Analysts describe 2026 as a ‘prove it’ year for AI, with companies needing to demonstrate real returns on their ambitious investments.
The January Consumer Price Index report and rising concerns over AI’s impact on transportation companies further weighed on sentiment. Investors are now closely watching major tech firms for signals on how AI spending will shape future market performance.
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