IBT Staff Reporter

4591-4620 (out of 154954)

Michelin, Nokian First Tyre Companies To Quit Russia

Michelin plans to hand over its Russian activities to a new entity under local management by the end of the year and rival Nokian Tyres said it would quit the country, the first Western tyre makers to give up doing business in Russia.

G7 Agrees To Explore Cap On Russian Oil Price

The Group of Seven economic powers have agreed to explore imposing a ban on transporting Russian oil that has been sold above a certain price, they said on Tuesday, aiming to deplete Moscow's war chest.

Cash-starved Sri Lanka To End Fuel Duopoly To Ease Shortages

Sri Lanka will allow companies from oil-producing countries to import and sell fuel, the power and energy minister said on Tuesday, ending a duopoly as it tries to overcome a shortage of petrol and diesel that is exacerbating an economic crisis.

Credit Suisse Tempers Growth Plans In Turbulent Market

Credit Suisse may "temper" some of its key growth initiatives in wealth management as it focuses efforts on a risk turnaround and bolstering technology, executives said in their first update to investors since a new strategy was set out.

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