authority of the next pope, benedict xvi will, in his own words, be hidden from the world for the rest of his life. you re watching bbc news the headlines. ukraine s president says the next 24 hours are crucial as his forces fight the russian invasion. with sanctions beginning to bite, the russian rouble falls to an all time low. let s get more now on the impact of sanctions against russia. it is at an all time low versus the us dollar, down by some 30% during the asian trading session. joining me now from london is is christopher rossbach, chief investment officer atj stern and co.
Global fund managers maintained a cautious stance in March, increasing recommended bond holdings and cash reserves and suggesting reduced equities exposure, a Reuters poll found. The March 21-31 survey captured this defensive strategy many fund managers adopted after the Russia-Ukraine war broke out. The February survey was taken partly before Russia’s Feb. 24 invasion but .
Moves by Nestle SA, Renault SA and Philip Morris International Inc. to scale back their Russian businesses have left a dwindling handful of holdouts resisting the corporate exodus.
Although attractive in a global context, China’s bond yields are likely to converge with their European markets’ peers. In fact, China’s bond yields started to decline in 2018. While Chinese sovereign bond yield were hovering around 4% in 2018, they are now below 3%.