- Rio Tinto PLC RIO became the first leading miner to suspend trading relations with Russian businesses, Reuters reports.
- Japan's Sony Group SONY and Nintendo Co Ltd NTDOF (NTDOY) also halted deliveries of their gaming consoles.
- Credit Suisse Group AG CS flagged a ~$900 million Russian credit exposure.
- Hitachi Construction Machinery Co Ltd HTCMF HTCMY looks to stop exports and cease most operations in Russia, whose Western counterparts have already suspended operations.
- Nestle SA NSRGF (NSRGY), Mondelez International Inc MDLZ, Procter & Gamble Co PG, and Unilever PLC UL halted investment in Russia.
- The suspension came just after the major U.S. tech companies ditched their operations in Russia post its Ukraine invasion.
- In three weeks, the war has killed thousands of people, rendered more than two million refugees, wrecked the Russian Rouble, stock markets, and triggered the costs of oil and other commodities.
- Comprehensive Western sanctions have isolated Russia, and the EU looks to phase out buying Russian energy.
- Price Action: RIO shares traded lower by 5.88% at $73.15 in the premarket on the last check Thursday.
Loading...
Loading...
HTCMFHitachi Construction Machinery Co Ltd
$24.97-%
Edge Rankings
Momentum
-
Growth
-
Quality
-
Value
-
Price Trend
Short
Medium
Long
HTCMYHitachi Construction Machinery Co Ltd
$59.30-%
MDLZMondelez International Inc
$67.64-0.73%
NSRGFNestle SA
$107.132.02%
NSRGYNestle SA
$105.83-0.71%
NTDOFNintendo Co Ltd
$86.255.09%
NTDOYNintendo Co Ltd
$20.980.70%
PGProcter & Gamble Co
$160.09-1.52%
RIORio Tinto PLC
$58.79-1.03%
SONYSony Group Corp
$25.33-2.58%
ULUnilever PLC
$62.84-1.11%
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Posted In:
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in