Russian suspect in Baring Vostok fraud case admits guilt: Interfax
A Russian banker accused of fraud along with executives from the Baring Vostok private equity fund, has admitted his guilt, Interfax news agency reported, citing a judge reading from investigators’ case files at a hearing in Moscow on Thursday.
Russian investigators ask court to extend house arrest of U.S. investor
Russia’s Investigative Committee has asked Moscow’s Basmanny district court to extend the house arrest of U.S. investor Michael Calvey until July 14, the court said in a statement on Thursday.
Bayer considers legal options after French court rules for farmer
German chemical group Bayer said it was considering its legal options, including an appeal, after a French court ruled in favor of a farmer who blamed a weedkiller of Bayer’s Monsanto unit for health problems.
Wall Street flat as growth worries persist; banks gain ahead of earnings
U.S. stocks treaded water on Thursday, as gains in bank shares ahead of earnings were countered by growth worries following warnings from major central banks.
Qatar Airways says Air Italy stake compliant with 2018 U.S.-Qatar aviation agreement
State-owned Qatar Airways on Thursday dismissed concerns its 49 percent stake in Air Italy breaches a 2018 aviation agreement between the United States and Qatar, designed to address U.S. concerns that Gulf airlines had an unfair competitive advantage….
Bed Bath and Beyond sinks as doubts around turnaround linger
Shares of Bed Bath and Beyond fell about 10 percent in early trading, after the home furnishing retailer forecast dismal first-quarter profits that raised doubts on the efficacy of its turnaround plan.
Russian court frees U.S. investor Calvey from jail
A Russian court released U.S. investor Michael Calvey on Thursday after two months in jail and placed him under house arrest, softening his treatment in a fraud case that has rattled the business community.
Wall Street ekes out slight gains at open, earnings awaited
U.S. stocks opened marginally higher on Thursday, as investors assessed warnings from major central banks about a global slowdown and looked ahead to the start of the corporate earnings season.
Amazon’s Bezos challenges retail rivals to raise minimum wages
Amazon.com Inc Chief Executive Jeff Bezos on Thursday challenged rival retailers to increase their minimum wages to $16 an hour.
Qatar Airways says Air Italy stake compliant with U.S. Open Skies agreement
Qatar Airways said on Thursday its investment in Air Italy was fully compliant with the Open Skies agreement between Qatar and the United States.
