By Daphne Psaledakis and Simon Lewis WASHINGTON (Reuters) -The United States on Friday announced sanctions on more than 300 targets as Group of Seven leaders met in Japan, aiming to punish Russia for its invasion of Ukraine and intensifying one of the harshest sanctions efforts ever implemented. The move, which targets Russia’s sanctions evasion, future…
By Bhanvi Satija and Pratik Jain (Reuters) -Contract drug manufacturer Catalent Inc on Friday slashed its full-year forecasts for profit and sales and delayed its quarterly results for the third time, bruised by a series of missteps at its major production facilities. The company promised to take steps to correct the issues and said it…
By Marc Jones LONDON (Reuters) – The credibility and independence of central banks around the world is at risk if stubbornly-high global inflation rates are not bought under control, the head of the Bank for International Settlements has warned. The BIS, often referred to as the central bankers’ bank, has been calling for a robust…
LONDON (Reuters) – The European Central Bank must continue its fight to tame inflation “with determination” because wages are rising, fiscal policy is too generous and inflation expectations remain too high, ECB board member Isabel Schnabel said on Friday. Striking a similar tone, ECB President Christine Lagarde said earlier in the day that the central…
(Reuters) -Russia’s foreign ministry on Friday said former President Barack Obama was among 500 U.S. citizens who would be banned in response to the latest round of sanctions announced by Washington. The ministry also said Russia had refused the latest U.S. request for consular access to detained Wall Street Journal reporter Evan Gershkovich, who was…
(Reuters) -Samsung Electronics will not change the default search engine on its smartphones from Google to Microsoft Corp’s Bing any time soon, the Wall Street Journal reported on Friday, citing people familiar with the matter. Samsung has suspended an internal review that explored replacing Google with Bing on its web-browsing app, which comes pre-installed on…
By Nupur Anand NEW YORK (Reuters) – As JPMorgan Chase & Co CEO Jamie Dimon prepares to take the stage for the bank’s investor day on Monday, he can expect plenty of questions about the bank’s purchase of failed First Republic Bank, as well as about succession, following James Gorman’s plan to step down as…
By Karen Freifeld WASHINGTON (Reuters) – The Biden administration halted the export of a wide range of consumer goods to Russia on Friday and added 71 companies to a trade blacklist, as the Group of Seven wealthy nations announced new sanctions on Moscow over its war in Ukraine. The new curbs targeted items that can…
By Jonathan Stempel NEW YORK (Reuters) – A U.S. appeals court on Friday appeared unlikely to reinstate a lawsuit by Amy Cooper, the white woman who called police on a Black bird-watcher in New York City’s Central Park, accusing her former employer of illegally firing and defaming her. Judges of the 2nd U.S. Circuit Court…
MADRID (Reuters) – Sacyr is negotiating with Spanish firm Bestinver to sell its 45% stake in the Irish motorway N6 and thus fully exit the concessions business in Ireland, two people familiar with the talks said on Friday. Sacyr, which is moving forward this year with plans to divest its environmental and facilities businesses, has…
