Category: Business

Brazilian President Jair Bolsonaro has made little secret in recent weeks of his ire at state-run oil company Petrobras (PETR4.SA) over rising fuel prices, teasing the possibility of swapping out its chief executive. However, Adriano Pires, the man tapped for Read more

A Bermuda court on Tuesday ruled former Georgian Prime Minister Bidzina Ivanishvili and his family are due damages “substantially in excess of $500 million” from Credit Suisse’s local life insurance arm in a costly setback for the bank. The court Read more

BHP Group Ltd (BHP.AX) said on Tuesday it will invest more than $10 billion in Chile to fuel growth in the world’s largest copper producing nation for the next 50 years, but only under certain regulatory and fiscal situations. Chile, Read more

Spanish supervisor CNMV has fined Deutsche Bank (DBKGn.DE) 3 million euros ($3.3 million) after finding the German lender had applied significantly higher spreads on clients’ repurchases of structured bonds it issued and failing to disclose the fact. On Tuesday, the Read more

Barclays PLC (BARC.L) appointed Graham Warner from Deutsche Bank (DBKGn.DE) as Americas head of its international corporate banking (ICB) unit, according to a statement by the British multinational bank on Tuesday. Warner, who will be stepping into his new role Read more

The Russian rouble soared over 7% to 83 to the dollar in Moscow on Tuesday before paring some gains, hitting a more than one-month high near levels last seen before Russia sent troops into Ukraine, while stocks ended another volatile Read more

Johnson & Johnson (JNJ.N) said on Tuesday it would halt sale of personal care products in Russia, joining other companies that have limited their business in the country in response to its invasion of Ukraine. J&J said it would continue Read more