Bausch + Lomb valued at $6.5 billion after stock ticks up in NYSE debut

(Reuters) -Bausch + Lomb was valued at $6.48 billion in its U.S. market debut on Friday as the eye-care company's shares opened nearly 3% above an offer price that was well below the targeted range.

newspaper

06-05-2022

Russian weekly inflation eases after rate cut

(Reuters) -Russia's weekly inflation rate eased in late April, data from statistics service Rosstat showed on Friday, confirming an easing of crippling price pressures days after the central bank cut interest rates.

newspaper

06-05-2022

Yelp, other companies take stance on abortion rights with travel benefit

Yelp Inc, Amazon.com, and Citigroup are among a small but growing number of companies rolling out policies to cover costs for American employees who need to travel out of state for an abortion.

newspaper

06-05-2022

Russia publishes list of 'parallel imports' goods

Russia published a detailed list of goods from foreign carmakers, technology companies and consumer brands on Friday that the government has included in a so-called "parallel imports" scheme aimed at shielding consumers from business isolation by the West.

newspaper

06-05-2022

Occidental shareholders reject climate proposal from activist investors

Occidental Petroleum Corp shareholders on Friday voted against a proposal by activist investor group Follow This to extend the company's current carbon emissions reduction targets.

newspaper

06-05-2022

Poland not near end of rate hike cycle, says central bank head

Poland's central bank is not nearing the end of its policy tightening cycle and will keep raising the cost of credit until it sees a lasting decrease in inflation, its governor said on Friday, after it hiked rates less than expected.

newspaper

06-05-2022

Decline and near fall of Italy's Monte dei Paschi, the world's oldest bank

An appeals court on Friday acquitted all 13 defendants, as well as Deutsche Bank and Nomura, over derivative deals that prosecutors alleged helped Monte dei Paschi di Siena hide losses in one of Italy's biggest financial scandals.

newspaper

06-05-2022

Pent-up demand prompts European travel recovery as COVID curbs ease

European airlines and hotel chains are seeing bookings recover to levels barely seen since the start of the COVID-19 pandemic, led by demand for shorter trips, although long-distance travel remains on the ropes.

newspaper

06-05-2022

European shares suffer worst week in 2 months; tech, retail fall

(Reuters) -European shares chalked up their worst week in two months on Friday, with tech stocks and retailers feeling the brunt of selling on the prospect of bigger interest rate hikes to tame decades-high inflation.

newspaper

06-05-2022