Category: Business

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BNY Mellon Says Russian Sanctions May Cost It $200 Million

BNY Mellon has ceased new business in Russia and has “suspended investment management purchases of Russian securities,” it said.  » mehr lesen

House Votes to Suspend Normal Trade Relations With Russia

The bill, which still needs Senate approval, is the latest in a series of measures that lawmakers have passed to support Ukraine and punish Russia for its invasion.  » mehr lesen

Koch Industries Will Continue to Operate Factories in Russia

Koch employs about 600 people in Russia through a unit that makes up a small part of its overall business.  » mehr lesen

Uber, Lyft Drivers Struggle With High Gas Prices

Some drivers say they find it hard to justify spending hours on the road for Uber or Lyft as fuel costs continue to tick upward.  » mehr lesen

Citigroup Will Pay Travel Costs for Employee Abortions in Response to Texas Law

Citigroup is the first major U.S. bank to announce a policy change in response to the legislation, which bans abortions after six weeks of pregnancy.  » mehr lesen

Russia appears to have avoided default as it makes a $117 million bond payment.

Sanctions have isolated the country financially, driven down the value of the ruble and cut off Moscow’s access to about half its foreign currency reserves.  » mehr lesen

Mortgage Rates Hit 4 Percent for First Time in 3 Years

The average rate on 30-year fixed mortgages dropped as low as 2.65 percent in January 2021.  » mehr lesen

Four Financial Tips for Buying a Second Home

Second homes are becoming more expensive, and house hunters should examine interest rates, upfront fees, maintenance charges and taxes when calculating the cost.  » mehr lesen

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