Russia’s central bank is making it more costly for commercial lenders to have liabilities in what it calls “unfriendly” currencies by raising mandatory reserve requirements for foreign tender such as US dollars and euros.
China approved its first messenger RNA vaccine for Covid-19, clearing a shot from a local drugmaker that harnesses the powerful technology months after the world’s most-populous nation abandoned pandemic curbs.
Hindustan Zinc Ltd.’s plan to dole out $1.3 billion in dividends, a fourth such disbursement to shareholders this financial year, is raising concerns over the use of cash at Anil Agarwal’s zinc unit.
Champagne exports to Gulf countries from France jumped in 2022 as Russian tourists flocked to the region after the war in Ukraine curbed their access to Western nations.
Nick Leeson, the former derivatives trader who brought down Barings Bank, has joined a corporate intelligence firm run by ex-Black Cube operative Seth Freedman.
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