NUR-SULTAN (Reuters) – The European Bank for Reconstruction and Development (EBRD) may help Kazakhstan boost the capital of the local subsidiary of Russia’s Sberbank if the Central Asian nation buys it, EBRD President Odile Renaud-Basso said. Renaud-Basso said the EBRD was aware of talks between Sberbank, which has been hit by Western sanctions, and Kazakh…
By David Henry NEW YORK (Reuters) – Big U.S. banks including JPMorgan Chase & Co and Citigroup appear set for some earnings boost from a pick-up in the battered credit-card business, but a possible recession would pull consumers back and bring losses on outstanding loans. Last week, JPMorgan Chairman and CEO Jamie Dimon warned of…
By Lawrence Hurley and Ludwig Burger WASHINGTON/FRANKFURT (Reuters) – The U.S. Supreme Court could announce as soon as Monday whether it will hear Bayer’s bid to dismiss claims its Roundup weedkiller causes cancer as the company seeks to avoid potentially billions of dollars more in damages and payouts. Bayer is seeking review of an appeals…
By Saeed Azhar and Sinéad Carew (Reuters) – A dearth of IPOs, a plunge in stock prices and slowing global economic growth are clouding the outlook for revenue at global investment banks after pandemic spending by governments and central banks fueled a blockbuster 2021. Russia’s invasion of Ukraine and significant monetary tightening have led to…
By Byungwook Kim and Heekyong Yang ULSAN, South Korea (Reuters) – South Korean truckers embarked on broader and more aggressive strike action on Friday, threatening to severely curtail shipments of raw materials for semiconductors and petrochemical products. That comes on top of action at steelmaking giant POSCO and automakers Hyundai Motor Co and Kia Corp….
