U.S. industrial equipment manufacturer Rogers Corp said on Monday it has entered into an agreement with Starboard Value LP to add the activist investor's two nominees as directors on the company's board.
Citigroup Inc said on Monday it was expecting $190 million of costs tied to winding down its consumer and institutional banking business in Russia, as of the end of last year.
Central banks need to "get the job done" when it comes to getting inflation back under control, the Bank for International Settlements has said, urging them to avoid the mistakes of the 1970's by declaring victory too early.
Global equity investors are finding financials-heavy European markets more alluring than their U.S. counterparts packed with expensive technology stocks in their rush for better returns amid growing signs of interest rates staying higher for longer.
The U.S. Energy Department on Monday said it will lend Li-Cycle Holdings Corp $375 million as it builds a battery recycling facility in New York set to become one of the country's largest sources of lithium by next year.
Economists at UK-based banks Barclays and NatWest believe the U.S. Federal Reserve could ramp up the pace of its interest-rate rises in March, by delivering a half-point hike, following data on Friday a key gauge of inflation.
The international profile of cocuy, an artisanal Venezuelan liquor made from agave, is on the rise after the beverage captured top prizes at recent international competitions - sometimes beating out tequila, the better-known agave spirit.
Collapsing ocean shipping rates are not all good news for U.S. retailers, who paid as much as $20,000 to move a container of goods during the worst pandemic disruptions, as they now are bracing for delays due to plummeting demand.
Big Tech firms and Wall Street titans are leading a string of layoffs across corporate America as companies look to rein in costs to ride out a global economic downturn.
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