Thursday 24 March 2022

Reuters Business: Bayer reaches $80 mln PCB contamination settlement with Ohio

Bayer reaches $80 mln PCB contamination settlement with Ohio

Bayer AG reached an $80 million settlement with Ohio to resolve environmental damage allegedly caused by polychlorinated biphenyls, or PCBs, made by the company's Monsanto business, the state attorney general said on Thursday.

Citi global co-head of markets Lathrop to depart

Citigroup Inc said on Thursday in a memo that Carey Lathrop, global co-head of markets, will leave the bank and Andy Morton, who has been sharing the post with him since 2019, will entirely assume the position.

Wall Street powers stocks higher, oil lower as world leaders press Russia

Investors watched a meeting of Western leaders on Russia's invasion of Ukraine.

Goldman Sachs poised to lead U.S. IPO of SoftBank's Arm -sources

SoftBank Group Corp is planning to pick Goldman Sachs Group Inc as the lead underwriter on the initial public offering of Arm Ltd that could value the British chip designing company at as much as $60 billion, according to three people familiar with the matter.

EXCLUSIVE Lukoil's global trading arm scales back operations following sanctions

The Swiss trading arm of Russian energy giant Lukoil has scaled back operations after the oil company cut its supply of capital to guarantee nearly $1 billion in margin calls in the wake of Western sanctions, according to three people familiar with the matter.

Alphabet CEO Sundar Pichai to meet EU antitrust chief March 30

Alphabet Chief Executive Officer Sundar Pichai will meet Europe's antitrust chief on March 30 to discuss competition and digital issues, a European Commission official said on Thursday.

Russian demand for rouble gas payments would be breach of contract, EU leaders say

Leaders from some European Union member states said on Thursday Russia's demand that "unfriendly" countries use roubles to buy for its oil and gas could breach supply contracts.

SAP winds down Russia activities further, ending cloud services

German business software giant SAP on Thursday said it would shut down its cloud operations in Russia, withdrawing further from the country after stopping sales in Russia earlier this month.

Goldman raises US Treasury yield forecasts on more hawkish Fed

Goldman Sachs said on Thursday that it has raised its forecasts on U.S. Treasury yields for this year, citing more broad-based and persistent price pressures and a more hawkish pivot by the Federal Reserve.

Pamplona to liquidate funds linked to Mikhail Fridman's LetterOne

Buyout firm Pamplona Capital Management said on Thursday it would liquidate every fund where Mikhail Fridman's investment group LetterOne had any interest as it seeks to sever ties with the sanctioned Russian tycoon.

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